[ 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: 317 KB, 559x539, canvas.png [View same] [iqdb] [saucenao] [google]
22224321 No.22224321 [Reply] [Original]

Are precious metals about to explode?

>> No.22224391

Yes. And do not tell anyone you have PMs. Ammo too.

>> No.22224401

>>22224321
most here think yes, same reason why crypto should go higher but with higher upside than gold

>> No.22224409
File: 83 KB, 600x800, 1599261555226.jpg [View same] [iqdb] [saucenao] [google]
22224409

>>22224321
>Time to buy gold and silver

>> No.22225431

>>22224321
>China is worried about US falling apart.
They sold the bonds for more corn.
China is over, got washed away

>> No.22225490

well printing all that money was extremely smart and unavoidable, that's for sure

>> No.22225554

no, it just means a lot of mines are going to reopen.

>> No.22225605

>>22224409
Nice selfie, cryptocuck.

>> No.22225606
File: 82 KB, 1125x631, E4FEA7E2-E383-489F-A24F-9C878A2ABEEC.jpg [View same] [iqdb] [saucenao] [google]
22225606

>>22224321
>the dollar is going to collapse for sure this time!
>just trust (((me)))
Never listen to advice given by boomers

>> No.22225631

>>22225554
It take between 5 and 10 years to reopen a mine, so what happens in the meantime?

>> No.22225836

>>22225554
Yet gold and silver mining stocks keep crashing.

Returning big dividends like 1.0 p/e ratio but no one wants to touch it

>> No.22225855

I bought 30oz of silver and .2 oz of gold with my yfbeta profits
cant wait for it to arrive

>> No.22225915

>>22224321
>can’t feed nation because no one will trade with me
>liquidate holdings to buy corn
>pretend we’re “reducing exposure” to the only currency accepted by every market in the world
Ok anon, just buy shiny rocks

>> No.22225996

>>22224321
Peter Schiff is the ultimate broken clock

>> No.22226090

No

>> No.22226096

>>22224321
Huge buy crypto signal

>> No.22226792

>>22225606

This fucking guy.

My buddy and I would lose our heads whenever I'd do my impression of him during his podcast

>Ya see, gooooooold- and I've been saying this for years- is a tangible immutable asset.. And I happen to be selling gooooold

>> No.22227166

>>22225855
Same. I use crypto profits to pay for metals. That's how you secure your profits.

>> No.22227238
File: 10 KB, 250x250, 1527894746272s.jpg [View same] [iqdb] [saucenao] [google]
22227238

>>22224321
>Dollar is now stronger than every other currency in the world except maybe the Pound
>Hurr durr it's gonna crash. Everyone is gonna abandon the dollar and use the fucking Juan or the Ruble.
Imagine being this retarded.

>> No.22227299
File: 7 KB, 236x151, p1479571956718.jpg [View same] [iqdb] [saucenao] [google]
22227299

>>22227238

>> No.22227529

>>22225836
what the fuck are you talking about
barrick is up 151% since buffet bought it
it's up even more on the year

>> No.22227561

>>22227238
Post election, no matter who wins just watch. Either we deal with the aftermath with Trump who'll at least artificially prop up the economy, or Biden is being handed a dumpster fire.

>> No.22227822

>>22225631
Souce? Your fuckin ass? Stfu.

>> No.22227862

>>22224321
Well one way to look at it is that the Fed has already monetized ~$3 trillion in debt in response to covid. Granted not all of that has gone off balance sheet, but look at what gold did: not even 2x. The Chinese are kinda screwed and it gives a good example of why it’s better to be a debtor than a creditor if the debt is essentially unenforceable

>> No.22227901

>>22224321
My local precious metals dealer has the same stock as the past serveral weeks, most people are selling their shit and if it keeps going up we will see this increase bt several fold. Only idiots buying precious metals are old black freemasons and other cucks. I still hold some, but mostly out of novelty.

>> No.22227995

>>22227901
I live in a city of 1 million + btw.

>> No.22228119

>>22225606

It's amazing how much Boomers chimp out when you tell them gold and Bitcoin are the exact same asset

>> No.22228149

>>22228119
Call me a boomer but there’s nothing quite like holding a shiny chunk of metal in your hand. It’s like holding distilled toil and effort and it’s shiny as fuck. Crypto is ephemeral

>> No.22228310

>>22227561
the economy has been growing for four months in a row after the initial downturn, it's on track to recover completely unless the government cracks down on economic growth again

>> No.22228312

>>22227901
>>22227995
Dude aren't you homeless lmao

>> No.22228325
File: 30 KB, 431x547, 1592926049172.jpg [View same] [iqdb] [saucenao] [google]
22228325

>>22228149
It's just that, a shiny chunk of metal, at least crypto is programmable money.
> How much better to get wisdom than gold, to get insight rather than silver!

>> No.22228339
File: 159 KB, 800x804, 1595300055841.png [View same] [iqdb] [saucenao] [google]
22228339

>>22224409

>> No.22228351
File: 281 KB, 1200x800, 1561421477170.jpg [View same] [iqdb] [saucenao] [google]
22228351

>>22228312
Here I am.

>> No.22228379
File: 64 KB, 1023x624, depositphotos_11680557-stock-illustration-hunting-dog-looking-under-a.jpg [View same] [iqdb] [saucenao] [google]
22228379

>>22228312
Here I am, again and forever.

>> No.22228389
File: 108 KB, 618x391, 1561594266149.jpg [View same] [iqdb] [saucenao] [google]
22228389

>>22228312
And again.

>> No.22228391

>>22228149
>>22228325
buy swiss watches. Holding toil, appreciates in value, and has a real function. Unironically one of the most based investments you can make. The only point against them is that they appreciate more slowly than other assets. There's a reason wealthy people strap large sums to their wrist.

>> No.22228412
File: 2.16 MB, 3264x2448, 20190731_220722.jpg [View same] [iqdb] [saucenao] [google]
22228412

>>22228391
Once more.

>> No.22228420

>>22228391
Too flashy for me. I keep my gold up my pooper. Not really though, but I have considered the possibility

>> No.22228453

>>22228420
> How much better to get wisdom than gold, to get insight rather than silver!

>> No.22228470

>>22228412
what the fuck is that

>> No.22228497
File: 1 KB, 20x20, 1561337126357.png [View same] [iqdb] [saucenao] [google]
22228497

>>22228470
https://youtu.be/DaMM9G97tQQ

>> No.22228509

I don’t use filters and would prioritize wisdom over wealth but I also don’t feed yous to namefags

>> No.22228525
File: 107 KB, 686x788, Ancient-Aliens.jpg [View same] [iqdb] [saucenao] [google]
22228525

we all know

>> No.22228531
File: 110 KB, 680x680, gold.jpg [View same] [iqdb] [saucenao] [google]
22228531

>>22224321
>any day now

>> No.22228546
File: 23 KB, 728x300, 2630999f_paulFP.jpg [View same] [iqdb] [saucenao] [google]
22228546

>>22228509
> I don’t use filters and would prioritize wisdom over wealth but I also don’t feed yous to namefags

>> No.22228576
File: 2.74 MB, 640x352, MixedRigidBellfrog-size_restricted.gif [View same] [iqdb] [saucenao] [google]
22228576

>>22228509
I am you nigger, think I care?

>> No.22228665
File: 62 KB, 370x370, B2C8818C-F629-48AF-86B1-3C428F279A35.jpg [View same] [iqdb] [saucenao] [google]
22228665

Thanks for the yous, it’s been real. I’m outie

>> No.22228675

>>22228525
>aliens capable of light speed travel are going to negotiate for a tiny fragment of gold on a single planet instead of just farming precious metals from the near infinite amount of asteroids already in space

>> No.22228720

>>22228310
My point exactly. There's no way none of this is organic given unemployment is as low as it is (though the jobs number has been better than expected). The gibs are already gone and up to the states now (and most of them aren't doing their part) and with the way the inflation is set to go through the roof thanks to Big Papa Powell, how does that make our dollar (read: peso) strong?

>> No.22229090

>>22228665
Faggot zoomer, you were never worthy.

>> No.22229140

>>22227529
>barrick is up 151% since buffet bought it
i think you mean about 10%

>> No.22229196

>>22227238
>Everyone is gonna abandon the dollar and use the fucking Juan or the Ruble.
Ignoring the fact countries have been hording gold you'd be right

>> No.22229210

>>22227238
The strongest fiat currency is like being the tallest dwarf. Against assets all currencies are fucked

>> No.22229571

How does xrp fit in this

>> No.22229604

>>22224321
yeah, brass and lead about to go through the roof (of my mouth)

>> No.22229625

>>22228325
>bitcoin
>programmable

oh no anon, what is you doin...

>> No.22229704

>>22224321
if by 'explode' you mean go up in value by something less than 1X, then yeah probably.

that's a radical move for metals, but pretty much nothing in any other asset class.

>> No.22230188

>>22229571
It's a piece of shit, same as usual

>> No.22230192

>>22228720
>There's no way none of this is organic
It's organic. Two months of lockdown is nothing

>> No.22230225

>>22224409
>Found the jew

>> No.22230248

>>22225915
>No one will trade with chinks
Citation needed you dumb bitch

>> No.22230334

>>22228546
thank you for giving me and keeping consistent with the easiest possible way to filter your existence out of my reception of web 2.0, downsy.

>> No.22230422

>>22228412
>>22228351
Why are namefags such insufferable cunts