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/biz/ - Business & Finance


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18515510 No.18515510 [Reply] [Original]

MOMMY MAKE IT STOP

>> No.18515539

Gold is now worthless, I want a refund.

>> No.18515549

>>18515510
zoom out

>> No.18515560

>>18515510
>he cares about the paper price

You didn’t buy last month just to sell it now. You bought it for the collapse of fiat. The economy is still in the shitter. The debt bubble is still imploding.

>> No.18515594
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18515594

>>18515510

Let me draw a random line.

>> No.18515628

but gold is high as fuck right now?

>> No.18515636

Gold and silver paper price may absolutly tank. Physical price in not so sure given the supply chains. Ounce the deflation occurs and the lockdown come that is the time to buy gold. Just before the inflation rockets as velocity of money increases. Pm chad know dollar cost averaging is the only way. Early adopters that have been buying for years have already been rewarded.

>> No.18515673

>>18515636
>may absolutly

choose one

>> No.18515776
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18515776

WHY DID I LISTEN TO THIS FUCKING JEW AND SELL MY BITCOIN FOR A FUCKING YELLOW ROCK WTF IS WRONG WITH ME

>> No.18515901

>>18515628
Yes, but it was supposed to be a safe investment and now is 1.84% down!!!
I want my money back.

>> No.18515934
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18515934

>>18515901

>> No.18516034

>>18515628
It’s going to at least 10k and probbaly 20-60k

>> No.18516373

>>18515510
IT'S DOWN 3 PERCENT SELL NOW BEFORE IT'S ZERO.

>> No.18516578

>>18515510

Harry Dent predicted this a few days ago. Said it would fail to stay above 1750 and then crash down exponentially.

https://www.youtube.com/watch?v=UboMFpCpJvo&feature=emb_title

>> No.18516613
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18516613

>>18516578
Can't wait to buy in. Have cash set aside for this.

>> No.18516625

>-0.97% 08:20:28
it's fucking nothing
2/10 made me check

>> No.18516730

>>18516613

If you're like the people who bought gold the last time it got this high, you'll be waiting another ten years to make your money back. What makes you so sure that they can't keep this bubble going forever?

>> No.18516869

>>18516578
idiot

>> No.18516932

>>18516578
he also believes in hyper deflation. Yes, really. Even though that has never happened and were printing trillions a week.

>> No.18517034

>buying boomer rocks

>> No.18517074
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18517074

>>18516730
All ponzi schemes collapse.

>> No.18517128

>>18517074
It woudl take the collapse of the US for this one to, we have some time.

>> No.18517181
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18517181

>>18517128
TONIGHT

>> No.18517249

>>18516932

How else would you describe what happened in the first great depression? Stocks and real estate were 90% off.

>> No.18517266

>>18517074

According to goldbugs, the U. S. dollar ponzi scheme has been going on for over 50 years so far, ever since the abolishment of Bretton-Woods. Who's to say it can't go on another 10? 20? 50?

>> No.18517346
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18517346

>>18517266

>> No.18517360

>>18517266
This is the first time in all those decades we printed 10 trillion dollars.

>> No.18517372

>>18515510
Boomer metals was always for retards. Next time don't listen to infomercials.

>> No.18517380

>>18517360
In a month

>> No.18517399

>>18517249
proof of real estate dropping 90%? Never heard of this

>> No.18517534

Nothing helps so much in convincing me that gold is the real shit as the sheer number of shills (jews, presumably) who infiltrate every single precious metal thread saying how gold is such a bad investment, and why shit coins that virtually no one in the real world ever uses are the real deal because they went up in 3 days. Then there's the ones saying that gold is a bad investment because the PAPER prices are fucked up. No shit they're fucked up, they're paper. Those people are either extremely retarded and believe that their king is made up money with no real existence, or they're jews after your sweet, rare, valuable gold, and you should casually disregard their opinions.

>> No.18517585

>>18517399

"According to The People History, in 1930 the average new home sold for $7,145 or 11.1 kg. By 1935, at the bottom of the Great Depression, the price of a new home had fallen to $3,450 or 3.1 kg."

I say 90% comparatively to today's prices, because houses weren't in a bubble before the Great Depression, as they are today, but even so, they fell vastly.

>> No.18517682

>>18517585
>i made the numbers up, but the way i made the numbers up makes them right

>> No.18517793

>>18517682

Relative to earnings, house prices are now double, triple, sometimes quadruple what they were before the Great Depression, and I just showed you that even so they were 50% off.

>> No.18517830

>>18517793
now show us the house prices from 1900 and prove it wasnt in a bubble

>> No.18517871

>>18517682
kek

>> No.18517911

>>18517793
>>18517830
dont bother, i did it myself so you cant have another convenient mistake.
>Buying a house in 2015 vs. 1915. Today, the median home value in the U.S. is $177,600, according to the Zillow Home Value Index. In 1915, purchasing a house would have typically set you back $3,200, according to Census records.
>https://money.usnews.com/money/personal-finance/articles/2015/01/02/a-glimpse-at-your-expenses-100-years-ago
so we went from $3200 to $3450, or hyper deflation of 90% in your words.

>> No.18517992

>>18517585
>in 1930 the average new home sold for $7,145
>adjusting for inflation to 2020, that's $110k
>actual average new home price in 2020, $345k triple the cost
Lmfao. Modern house prices are a fucking joke.

>> No.18518026

>>18517911
>>18517830

The price to earnings ratio is what has gone up since the early 20th century, that's the point.

>> No.18518069
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18518069

Should I unironically buy right now? Please answer /biz/

>> No.18518088

>>18518026
>dude real estate hyper deflated by 90% during the great depression
>actually it was 50%
>just ignore everything before 1930
>well actually that doesnt matter its the price to earnings ratio
were running out of grass, you better put those goalposts down

>> No.18518177
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18518177

>>18517911

>> No.18518194

>>18518069
Prices are going to drop, how much and for how long is uncertain. The real issue is that what's product availability going to look like when it bottoms out? Most mints and mines have been closed and will continue to be closed for the foreseeable future.
Whether you buy now or later depends on how adverse you are to risk.

>> No.18518245

Most physical gold and silver dealers are out of stock due to high demand. In a normal market, high demand + low supply = high price. Here in our new world economy the price is set by derivative markets where massive short sellers keep the price low.

I don't know if this will ever end but maybe there's light at the end of the tunnel.

>> No.18518271

>>18518194
the price drop already happened. That was when we went to 1500. If youre banking on a price drop now youre a fool and missed the boat

>> No.18518397

>>18518088

Stocks demonstrably plummeted 90%, real estate plummeted 50% in then-terms and over 90% in modern terms. My point is sufficiently made for the purpose of my argument.

>> No.18518425

>>18518397
>real estate which was inflated 100% in under 15 years hyper deflated by 50%
>my point is made
HAHAHAHAHAHAHAHAHA

>> No.18518445

>>18518088
>were running out of grass, you better put those goalposts down
Lol. I like that expression. Allow me to check those digits.

>> No.18518453
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18518453

>>18518245
>>18518194

You can buy good-delivery gold and silver bullion at nearly spot price right now. Only coins have a premium. Coins are a fraction of bullion investment. We have been hearing a narrative about an imminent COMEX default for years. This is ZeroHedge sounding the alarm about it in 2013, right when gold was crashing to unparalleled lows.

https://www.zerohedge.com/contributed/2013-09-10/comex-default-risk-gold-inventories-plummet-36

>> No.18518499

>>18518453
link?

>> No.18518554
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18518554

>> No.18518576

>>18518499

BullionVault.com, buy 900 silver ounces in London vault right now at $15.30 and take delivery.

>> No.18518597

>>18518453
>COMEX
>Not booming right fucking now
I'm actually in the industry and I can tell you every fucking bank in the world is trying to sell their gold in COMEX right now

>> No.18518745

>>18518576
>Silver
>We only support withdrawal of whole 1,000 oz bars of silver bullion. The fee is 10%.
so not $15.30, or anything close to it. Once youve added buying fee, storing fee, shipping fee, and 10% withdrawal fee its around $17 an oz, which is comparable to normal bars you buy on any dealer site. Once again youve made up numbers

>> No.18518844 [DELETED] 
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18518844

>>18518745
Oh you were lying even harder than I realized. Please point out where you can buy silver for $15.30 on this site

>> No.18519004 [DELETED] 

>>18518745

American Eagles are going for $27 an ounce right now; not sure where you get this $17 number from.

https://www.apmex.com/product/196100/2020-1-oz-silver-american-eagle-bu?10378048=3

If by "bars" you mean "you can buy good-delivery bars for $17," you've simply repeated my point that it is finding fractional amounts of gold and silver that is the problem right now, nothing more. There is no evidence of a real shortage.

>> No.18519032

>>18518745

American Eagles are going for $27 an ounce right now, silver bars for $21; not sure where you get this $17 number from.

https://www.apmex.com/product/196100/2020-1-oz-silver-american-eagle-bu?10378048=3

If by "bars" you mean "you can buy good-delivery bars for $17," you've simply repeated my point that it is finding fractional amounts of gold and silver, especially one-ounce coins, that is the problem right now, nothing more. There is no evidence of a real shortage.

>> No.18519058
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18519058

>>18519004
>bullion is either american eagles or 1000oz bars
>here check out these apmex prices
please show my post where i claim theres a silver shortage. I DO claim right now that there is no silver you can get anywhere for under $17 an oz

>> No.18519077

>>18519058

My post said "You can buy good-delivery gold and silver bullion at nearly spot price right now. Only coins have a premium." I have substantiated that point. This is rather like the other discussion where you preferred to split hairs rather than see the bigger picture.

>> No.18519143

>>18519077
$17 is not "nearly spot price" you mong
thats a massive spread and a much higher percentage than caused a crisis in the gold market last month

>> No.18519180

>>18519143

Considering supply-chain disruptions, a dollar fifty premium is reasonable.

>> No.18519197

>>18519143
Not really

>> No.18519244

>>18519197
Look at this fucking jew lol. Dealers literally buy 2$ over spot price for fractional

>> No.18519302

>>18519032
>apmex
That's your problem right there.

>> No.18519407
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18519407

I love my ratcoins.

>> No.18520260

>>18517249
Fed was not buying junk bonds and direct equity in publicity traded companies in the first Great Depression

>> No.18520353

Should I buy american eagle 1 oz gold coins or the buffalos? Pls help.

>> No.18520395

>>18519407
>not batcoins
ngmi

>> No.18520404

>>18520353
Doesn’t matter. Pick the design you prefer and know the buffalos are 24k vs 22k eagles which doesn’t matter unless you intend to sell in Asia.

>> No.18520421

>>18520353
Whichever is cheaper

>> No.18520454
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18520454

>>18517992
Need to include average sqft as well.

Modern homes are twice as big. That affects price.

>> No.18520529

>>18520395
There are no official batcoins with the head of a legendary living monarch that will be dead next year.
It's a special year commemorating British-Chinese trade, a monument to the naivety of the west.