/biz/ - Business & Finance

[Anonymous No.1951655]

Should I buy gold?

[Anonymous No.1951672]

A small amount has its uses in a portfolio.

[Anonymous No.1951683]

>>1951655
Gold skyrockets whenever there is a catastrophe or terrorist attack or global anything.

[Anonymous No.1952322]

>>1951655

Yes

/thread

[Anonymous No.1952332]

>>1951683
wtf? proof?
with ww3 incoming im interested

[Anonymous No.1952346]

>>1952332
you rly are retard

[Anonymous No.1952353]

>>1952346
ok, point and call me stupid, now pls, explain?

[Anonymous No.1952355]

My financial advisor says it would be a good idea to slowly start getting some gold at my current net worth (~70k), and I admit, I like the idea of having some coins and bars sitting around, just to be shiny.

But what about paper gold?

I'm thinking about doing the whole sell in may, go away thing with most of my stocks, but putting some into virtual gold short term. Any reccomended gold ETFs? Maybe also some minor mining companies as a gamble, for if Syria blows up hard?

[Anonymous No.1952366]

>>1951672
I never understood this meme. Like I get you use it as a hedge in a down market, but there are so many portfolio allocations that recommend maybe 2% in gold that it just doesnt do much to actually hedge. I think all precious metals in a portfolio are fucking retarded.

[Anonymous No.1952368]

>>1952332
You can look into what happened with gold in 2008.

[Anonymous No.1952374]

>>1952366
Well, if everything goes *poof*, you still got your gold. Also, you can easily move or inherit it without the taxman knowing about it, the latter becoming more important the older you get.
dont know the exact numbers, but most recommendations say that you should have almost no gold when you are young (because you'd rather take risks to grow your value) and more when you get older, because you are supposed to have something that's worth keeping/protecting.
And you do that gradually. A coin or bar here and there, collected over the years… instead of: Hm, now im 60, I gotta buy 100k worth of gold NOW!

[Anonymous No.1952393]

>>1951655
>falling for the metallic jew

[Anonymous No.1952428]

That reminds me I robbed a gold Cuban link off a drug dealer, anybody want to buy it for 2000? I don't like gold jewelery

[Anonymous No.1952459]

>>1952366
Imagine if you were a Venezuelan before SUPER-MARXISM2.0 came along, or a relatively wealthy but not mega wealthy Syrian doctor 10 years ago, or an upper middle class Greek in 2005, or a middle class Russian in 1916 etc.

If you were the above and most of your money was invested in local business or the local stock market then you would have been royally screwed.

If you held a little physical gold then you could run.

Also, you can pass on the gold to your children without inheritance tax which is a major tax in lots of countries (ie 35% in UK)

[Anonymous No.1952849]

bump.

[Anonymous No.1953352]

>>1951672
a small amount doesn't matter much.
you need about 10% for it to count as a hedge at least and holding that much is pants on head retarded most of the times.

[Anonymous No.1954251]

>>1951655
>>1952332
>>1952353
>what does
>how do
>explain
1/3

[Anonymous No.1954253]

>>1954251
2/3

[Anonymous No.1954256]

>>1954253
3/3

[Anonymous No.1954282]

Gold falls during times of peace, and raises during times of strife or war

Investing in gold is investing in destruction and death

kys op, you maniac

[Anonymous No.1954284]

>>1951655
gold's value tends to move down in good times and up in bad times, so its a good hedge. i think its overvalued right now desu but if it manages to fall before the bubble crashes you should invest

[Anonymous No.1954495]

>>1952368
And after the brexit vote

But then look at the Trump effect. Strange isnt it?