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/biz/ - Business & Finance

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14865052 No.14865052 [Reply] [Original]

how are precious metals a store of value lmao?

precious metals
>instantly lose 5% when you buy because you have to buy at 5% over spot
>costly to store and/or insure
>lose another 5% when you sell because you have to sell at 5% under spot
>have to pay capital gains tax when you sell

paper
>literally acquired at face value
>free to store in a bank account
>earns interest that outpaces inflation
>no transaction fees or tax of any kind

>> No.14865253

>>14865052
Silver eagles are the nicest looking coins made

>> No.14865296
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14865296

>>14865253

>> No.14865311

>>14865052
>>14865052
Went to a dealer and was offered 1350 for my gold eagle proof 69, what the heck!

>> No.14865316
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14865316

>>14865052
It's a store of value because if you buy $10k in silver and gold, and then the dollar shits the bed, you can take your sack of shekels and doubloons with you on a plane to a country where the currency isn't worthless and exchange them for $10k worth of goods and services

>If you take your stack of "benjamins" with you on a plane to a country where the currency isn't worthless, you can exchange them for maybe $10 worth of goods and services, if they'll take them

tough choice.

>> No.14865477
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14865477

>>14865052
>selling pm’s for fiat
pm’s are money
>holding fiat in banks for interest that is 2-3% below inflation
When the financial pendulum swings back to a pm’s based currency, as it has done for thousands of years, pm holders will be rich
Get this in your head, all fiat has failed and will fail
Every single day of every hour, of ever minute of every second more unbacked fiat is printed, bringing us one step closer to a fiat collapse. Every new $1-$100 bill created further devalues the purchasing power of the rest of the fiat in circulation.
You think banks and countries stack this shit to the ceiling for no reason? No, they know that this global debt based fiat ponzi is unsustainable.
They merely tax purchases to dissuade everyday goyim from buying any.

>> No.14865759

Nice FUD. Price of entry into Silver Chads Club.

>> No.14865867

>>14865253
>he doesnt know about Austrian Philharmonics

>> No.14865913

>>14865311
>he bought physical

>> No.14866170

>>14865913
blew my mind when i began to realize how commodity futures work after looking around td ameritrade for awhile. I then understood why people freak out about gold or silver moving 2-5% because those gold and silver futures products are all like 50-100x leveraged basically.

>> No.14866262

>mfw I realize apmex and jm bullion both except crypto as payment
>they're literally taking your bitcoin and giving you boomer rocks
>mfw i just realized rich boomers will always win

>> No.14866417

>>14866262
I wrote a complaint to jm bullion since Gold came to 1500 with bitpay's conversion (spot was 1405 at the time) for BCH and told them to add a USDC option.

>> No.14866644
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14866644

>>14865477
>every second more unbacked fiat is printed, bringing us one step closer to a fiat collapse

>>14866170
its not clown world. the world is on its head

>>14866262
>>14866417
the fuck can you do WITH bitcoin? its not even a shitty paperweight

>> No.14867493

>>14865867
Maybe if silver harmonics were more burnished and had reeded edge like gold philharmonics do