[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 19 KB, 400x400, NrEbICRM_400x400.jpg [View same] [iqdb] [saucenao] [google]
12303417 No.12303417 [Reply] [Original]

>IT'S HAPPENING!
>we're going into recession
>you should invest in gold now
>btw, I sell gold

stop listening to this retard, even when the recession he's been talking about for 1000 years comes, gold prices won't get so high anyway

>> No.12303436

>gold will go up in a recession

why do people think this?

>> No.12303447

>>12303436
historical reasons, gold has been always considered the safest asset, but it has been doing shit in late years, that's why this retard keeps scaring people to pull out of real investments and buys his gold

>> No.12303467

>>12303417
Gold falls in a recession. It pumps 20%-50% in a depression/war. Investing in metals over usd is betting on a total collapse of the system and all out war.

>> No.12303481

>>12303467
this, if people are cash strapped gold will fall
the only way gold moons is in hyper inflation (moon to the local currency and not in absolute terms) or total war

>> No.12303484

>>12303467
went from $750 to $1900 from Q4 2009 to Q4 2011
recession was ongoing, no "all out" war, and depression was avoided due to QE.
what happened there?

>> No.12303493

>>12303484
inflation

>> No.12303500

>>12303484
2019 to 2011 was economic recovery not the crashing economy. Everything rises in a recovering economy. Your money would do bounds better investing in stocks over gold in a recovery. When i said gold falls in a recession i mean it falls with the economy when we enter a recession. If the econony keeps collapding into a depression gold rebounds in response to a fear of hyperinflation/war/continued hardships.

>> No.12303501
File: 34 KB, 326x294, 1542102197609.jpg [View same] [iqdb] [saucenao] [google]
12303501

>>12303417
moron. gold goes down on recessions. gold goes up when there is inflation, recession is literally the opposite of that

>> No.12303508

>>12303493
Inflation in a recession is only a few percent points. Nothing to get crazy about. Its not enough inflation yo push gold that high.

>> No.12303533

>>12303436
this time around, the bond market is going to collapse and the US dollar will lose value.

>> No.12303534
File: 72 KB, 851x797, Dfffka_X4AA3m-c.jpg [View same] [iqdb] [saucenao] [google]
12303534

>>12303501
>gold goes down on recessions. gold goes up when there is inflation

gold historically usually performs like currencies unless in hyperinflation where it replaces currencies

>> No.12303554
File: 86 KB, 638x1000, uTXY2Yi.jpg [View same] [iqdb] [saucenao] [google]
12303554

>>12303534
dollar value goes up during recessions, that means everything priced in dollars will go down, including gold

>> No.12303563

>>12303554
>that means everything priced in dollars will go down, including gold
no, not including gold, because gold is like an alternative currency

>> No.12303588
File: 56 KB, 530x610, f40.jpg [View same] [iqdb] [saucenao] [google]
12303588

>>12303563
no its a commodity that is priced in dollars and when dollar goes up gold will drop. Gold would go up when you have inflation and dollar is dropping

>> No.12303595 [DELETED] 

>>12303588
Are you being ironic or are you really this retarded?

>> No.12303599
File: 7 KB, 251x201, 1508108763920.png [View same] [iqdb] [saucenao] [google]
12303599

>Mr. Schiff, when to buy silver?
When it's 4 an ounce
When it's 14 an ounce
When it's 34 an ounce

It's always a good idea to buy silver :^)

>> No.12303630

the fud in this thread is interesting
by the way, gold will be $10k per ounce by 2030.

>> No.12303638

>>12303588
This anon is right. In recessions usd usually performs well because usually the rest of the worlds economies are already collapsing and they buy usd with their shitcurrencies to store their value. When the us hits a recession the fed prints usd and invests it in the stock market to prevent depressions which causes a few points of inflation. Gold falls during this time because it is a commodity and people would rather hold usd. When the us hits depression the dollar falls and gold rises because of fears of inflation war and or economic hardships. Remember if countries collapse fiat of those countries become worthless. Gold was the best value storing mechanism we had before banks existed.

>> No.12303658

>>12303630
BTC will be over a million by 2030

>> No.12303683

>>12303658
bitcoin will be 0. something better than bitcoin may be over a million. bitcoin is trash.

>> No.12303698
File: 90 KB, 878x827, 1543499025666.png [View same] [iqdb] [saucenao] [google]
12303698

>>12303683
I assure you BTC cannot be 0

>> No.12303757

>>12303698
I'm being as hyperbolistic as you. Obviously it won't be 0, but it will be 99.99% down from current price.

>> No.12303772

>>12303757
and I am being seriously unironic BTC will be over a million by 2030

>> No.12303800

>>12303417
I sold my gold for Link

>> No.12304107

>>12303772
a million venezuelan pesos or a million zimbabwean dollars?

>> No.12305022

>>12304107
United Socialistic Dollars

>> No.12305036
File: 505 KB, 1545x2000, 1546013648591.jpg [View same] [iqdb] [saucenao] [google]
12305036

>>12303417
This. Bitcoin will be the one skyrocketing..

>> No.12305194

So what would we call a dying Petro dollar, recession or collapse? We pegged USD to oil instead of gold. It made every country have to suck our dick for 40 years but eventually the demand for oil will fall the more "green" we get. When that scale tips you best have those metals keister stashed no matter what you want to call it.

>> No.12305801
File: 125 KB, 733x464, 928.png [View same] [iqdb] [saucenao] [google]
12305801

>>12303683

>> No.12305856

>>12303447
>gold has been always considered the safest asset
Gold is a joke in the financial industry, wtf are you talking about? US Bonds are the safest and beat all commodities in terms of protecting against inflation and capital appreciation

>> No.12305982

Buy some Donald Trump coins from Dave!