[ 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: 99 KB, 500x750, Gold-Bars-Stacked-in-Vault-at-West-Point-Mint-Right-Side.jpg [View same] [iqdb] [saucenao] [google]
2955063 No.2955063 [Reply] [Original]

How fucked am I?

>> No.2955074

>>2955063
how much did you pay?

>> No.2955077

i dont know what 10lbs of gold is worth, so i dont know if you are fucked or not

but i'd rather buy stocks and shares, than precious metals

>> No.2955079

should have bought 10lbs of bitcoin like i did

>> No.2955088

>>2955074
$20,400 per lb 1275 per ounce

>> No.2955140

>>2955063
thats my living room, how did you make this photo ?
buying gold<guns and ammo

>> No.2955166

Cool, just bought 100lbs

>> No.2955168

>>2955063
You fool. I mean, now is a good time to buy gold, but buy it as a commodity online not real actual gold

>> No.2955178
File: 61 KB, 640x480, FGOLD.jpg [View same] [iqdb] [saucenao] [google]
2955178

>>2955063

>> No.2955182

>>2955168
Why not?

>> No.2955244

>>2955063
-certain pattern of atoms
-costs more than another pattern of atoms
fuck humanity

>> No.2955270

>>2955063
why would you buy a store value that can be stolen or lost and has 5%+ transaction fees? also i think gold bleeds a few sats a year while in cold storage due to entropy so you might as well be holding fiat....

>> No.2955295

The IRS taxes gold so much that you're lucky if it gains enough to make a decent profit. Precious metals tax is like 30%.

>> No.2955316
File: 836 KB, 149x181, Hitler nope.gif [View same] [iqdb] [saucenao] [google]
2955316

>>2955063

In what measures? Gold is not very liquid, so if you got kilos or some shit you might have a hard time selling it. I would have gone with 70-80% silver in 1 oz to 1 kilo bars, 20-30% gold in one ounce bars.

>>2955178

>he posts it in every thread
>he still doesn't understand reputable dealers and testing

>>2955244

Unlike you, that particular pattern has worth.

>> No.2955323

>>2955295

He should have bought in multiple smaller amounts that aren't registered with the mafia.

>> No.2955374

>>2955063
The main problem with gold is liquidity

>> No.2955459

>>2955316
>particular pattern has worth.
exactly what I said. Morron.

>> No.2955495

>>2955063
man that is a cool picture. gold is a terrible, terrible investment, especially when factoring in opportunity costs, but it is cool as fuck, wanna buy some just to feel that dead cold metal

>> No.2955499

>>2955374
you can melt it :)

>> No.2955550

>>2955374
you will have zero issue trading gold for goods/services or fiat. the issue is physically moving it.

>>2955495
its pretty awesome to wear $20k round your neck but not very practical in today's world

>> No.2955601
File: 3.65 MB, 400x224, incredulous.gif [View same] [iqdb] [saucenao] [google]
2955601

>>2955499
hell yeah just let me fire up my blast furnace, oh wait

>> No.2955730

>>2955495

Most people think in terms of fast money, especially since crypto blew up.

Metals aren't an investment so much as they are insurance. When a market shits itself, they're good to have. Silver was cheap enough for me to accrue when I was a wage slave. Massive returns in the recession, which we're still in since the """recovery""" has been entirely superficial.