/biz/ - Business & Finance

cant eat gold

Silver. $1000 is the price target

This will outperform gold by orders of magnitude.

3k € in gold
500€ in silver

bought it last year on the high sadly. the amount was my initial investment in crypto which i withdrew from my exchange.

cant lose anymore in crypto really

>>7371153
Brazil is broke and predicted to be broke forever, average age of retirement is 56.

>>7371081
Bitcoin Gold

>world goes to shit
>anon stuck with useless shiny blocks

>>7371258
>what is emergency currency since forever

>>7371197
Brazil and South Africa are the wild cards, political instability means they could go either way but I think long term they will pay off.

>>7371333

Nice trips.

Also you are right, Russia India and China are the powerhouses, while sa and Brazil are wild cards that provide footholds for the organization in other continents. Brics is a serious player and getting stronger by the day

>>7371333
Brazil, South Africa and Russia are rotten, have an aging and uneducated population, coupled with corruption, crime and dysfunctional governments. Only India and China have a future, at least they have dozens of millions of engineers.

got my stack of silver

I've got a few thousand in gold, not that much.

Really wishing I had gone hasgunz in Canada though, but I am too mentally unstable to trust myself with one.

>>7371593
I wouldn't underestimate Russia, they can easy take America's position as global mercenary willing to overthrow governments for trade deals.

>>7371081
Pic very related. Neither will go far in total collapse.

>>7371081
>How much gold do you have, anon?
None

>>7371081
gold because silver is not really used as a safe haven asset. gold will rise the coming weeks also, but so will the dollar so xauusd wont move much

>>7371081
Who cares? You might as well just have held cash and took the 3% hit on inflation. It’s hardly going to change your life either way

You can only be smug if you have a ton of gold and/or plan to hold it for decades. Who cares about a few % either way

Take a fucking risk loser

>>7371081
>gold
Lmao, I have all my crypto gains in inverse ETF's.
Fucking comfy as fuck.

>>7371803
How do I convince my family that storing all that shit is a good idea?

>>7371258
>P-please Tyrone, I'm starving. Can I j-just have one can of tuna? I-I'll pay for it in b-bitbean.
>Nigga wut da fuq is bitbean? Cum bak wen u got sum o dat bling know'm sayin? Or u can alwayz turn round rite now nd giv me sum o dat sweet wite ass
>O-ok Tyrone. Please be gentle.

>>7371803
I have 2 packs of candles, wen moon?

>>7371081
698 grams of gold.

>>7372138
>pls buy sir

>>7371980
for me i think getting a gun will be the hardest part

>>7372138

How's life in Puerto Rico Petey?

>>7371980
It's not, just fly away if there is serious political unrest in your country. The moment you even need that shit, you're already fucked.
Also the idea of a situation like that on a global case is ridiculous.

>>7372182
>global case
happening on a global scale*

>>7371081
gold is even more useless than crypto

>>7372182
I feel that by the time there is serious political unrest in Canada the rest of the world will be pretty much gone.

Fuck I'm more worried about the cascadia subduction zone going off honestly.

>>7371116

show me your analysis

>>7371258

t. retard

>burger education
>not knowing gold and silver has been store of value like ever since we started things so called civilization
>accepted every around the globe
>kys and fuck yourself, retard

>>7372138
Based

>>7372390
>retard really thinks that gold would have value in a future where money doesn't

>>7371889

implying that silver is undervalued and has more industrial usage, also it is accepted worldwide

check the charts for BREXIT, gold didn't move much while silver went to the moon

Need to buy more buckshot

>>7372063
>Not renting out your ass to score some protein for dem gainz
never gonna make it

Help me understand.

The reason there will be a global crash (speculated to be the biggest in history, leaving the GFC far in it's sight) is because all trading markets such as bonds, stocks and even crypto will experience a large liquidation attempt and buy gold/silver? And I'm assuming the demand won't meet the supply and the system will implode?

Is this the best way to put it in the dumbest terms?

>>7372426
Right? If you think shtf you need commodities. I'm about to stock up on guns, ammo, and food.

>>7372426

well, at least you can short it while civilization is about to collapse, because when the trust in money decline, people will hoard gold like crazy

be wise, anon

>>7372426
we live in the now, not the future
we've entered a risk averse period, so gold will rise who the fuck cares about anything else

i only have gold goins
easy to trade easy to hide
I don't trust money made out of paper because it's the same material I clean my ass with

>>7371081
About 21 ounces of gold.
At least 200 ounces of silver
About five ounces of platinum

>>7372524

kind of, but demand always meet the supply, because the gold is here and will be mined, but yeah the value will go to the moon and there can be a shortage for a few weeks of the big crash for sure

anyway I am hoarding physical gold to short it after it will go 10x, then start to hoard things for a barter if shit really hits the fan

>>7372559

WAR
A
R

>>7372629

WOW, don't have enough money to hoard that much, really jealous of you

>>7372138
BASED
GOLD WILL GO UP BY 5% BY EOY
HEY MAYBE IT WILL GO UP 8% IN TWO YEARS EVEN
BUY
BUY
BUY

>>7372720

kek, it will go 200%, screencap this

>>7372716
I bought almost all of that before 2007 and only sold three ounces back in 2012 to get my kitchen redone.

>>7371081
hundreds of gram gold
hundreds of ounce silver

both will be valuable in economic collapse but not so much in societal collapse

I got about 50 ounces of silver.

Where do you guys store your bullion?

>>7373034
stockpile ammunition for the societal collapse.

>>7372138

What a fag

>>7372138
if he was so sure about btc crashing I bet he can show us his sweet leveraged short position which he will close when bitcoin is below 1k, right?

>>7371095
Says you faggot

>>7371258
>not knowing human inherently likes shiny things
>not knowing silver has anti-microbial property
>not knowing gold is a very good conductor and never rust

They have uses besides being shiny, they even sell silver infused water spray as external antibiotics

>>7371081
*sigh* guess I'm gonna have to spend today going on a weapons run. Never touched a gun in my life.

>>7371603
Jesus that's a shit load. I've only got 60oz...

>>7373417
I loaded up on 10KGs in coins and bars when it was cheap

>>7372461
the day after the voting gold went up by 100€ / ounce

>>7373149

Oh man, prepare to get jumped on by big pharma shills.

Literally 90% or more of the world supply of gold is held by the kikes themselves and is already mined, silver is much better, just watch some videos on youtube on it

>>7375028
If not all is mined that means the price will drop, idiot.

>>7371153
HAHAHAHHAHHAHAHHAHAHHAHHA
*breathes in*
BWAHAHHAHAHHAHAHHAHAHHAHAHAHAHAHA

>>7375028

Give me the best video. Just but two kg of silver and I want to be assured

>>7375535
bought

>>7372138
you could mine more gold per year than you could forcefully mine bitcoin

let that sink in for a minute you idiots

>>7371081
100gramm gold
1/2kg silver
1 unze platin

>>7371081
Nice try FBI...

But seriously, gold is the only way to go, how are you going to lug your monsterbox of silver ounces around when you need to skip town?

No one mentions - gold is valuable for the reasons above, but also because the aristocracy value it. If the leaders of your country want it - its valuable. Why do they want it? Thats another question, but they want it.

Gold is also valuable anywhere on the planet and any time in history (except in the west since about the mid 70s)

And silver too

1oz

>>7371081
https://twitter.com/business/status/960885922177875973

REEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>7373066

>>7371081
Fuck silver and gold stock up on brass and lead yeeyee merica

>>7376287
Why is there a circle with a 20 inside on your maple leaf? I haven't seen that before. Is that chinese symbols after the 20?

Stay pleb metalfags

1999 Was the 20 year anniversary

>>7371081
$0 gold. $1000 steel core ammunition.
My little hunks of worthless metal fly a lot faster.

>>7371095
fpbp

>>7376444
>>7376498
meant for

anniversary recognition

>>7376528
ok

JUST went to look how much silver bars and coins actually cost in my country. Cheapest i could find was ~21 eurocuckbux per 1 oz. 999 silver coin.
Gold coins are ~1150 per 1 oz.
Is is a good price to buy? bar prices are about same, not cheaper.

Silver is like ~14€ so the (((merchants))) have almost 100% spread. The lower the amount the higher is the spread.

>>7376495
Well, who the fuck is gonna accept your diamonds? Do you think you won't get scammed when converting to currency again? Appraisal of gemstones is iffy at best. But good show. At least you would not get detected by a metal detector.

>>7376939
Appraisal of diamonds is easy. Weigh them, grade them, appraised

you should always invest in food, water, guns and ammo.

those are the only inherently useful items in whatever circumstance.

>but muh gold as means of exchange

don't remember anyone in mad max or any other post-apocalyptic movie ever needing it

>>7376966
Hmmm... ok, but the appraiser has to be good at it. right?

>>7371081
>How much gold do you have, anon?
Entirely too much. I've dramatically reduced it but I'm still buying regularly out of habit. Add on top various inheritances and gifts and I'm currently holding right around 2.2 kg of physical gold which works out to around 26.5% of my net worth, which is frankly pretty insane and stupid (especially since the biggest gold hoarding ancestor in my family is still alive and will probably cause another huge influx).

>For the upcoming global crash, is it better to hoard silver or gold?
If I had to choose between the two I'd take gold 100% of the time. Silver is mainly an industrial raw material and not suitable as a hedge against the economy. If the economy crashes, demand goes down and with it the silver price.

>>7377032
I’m incredibly good at it

>>7377001
This, what good is your gold with a gun to your head?

>>7377001
I store water, not much food. I am pretty fat so I guess they can't confiscate my blubber right? :^)

>>7371081
Just abour 1000$ if we have war to pay food or a airplane ticket away.

>>7377060
I don't doubt you. But who is going to take your word for it? Someone else needs to appraise it.

>>7377065
You have a point, but if I can't have firearms I still have to prepare however I can.

>>7371081
hoard Litecoin - first major adopted crypto available for wide consumer transactions.

better buy a cow instead of the most useless metal of all metals

>>7376498
>shits on noble elements
>shills for carbon stones with inflated value determined by a few monopolists
Shiggydigg

>>7372220
He types as signals flow through the gold and silver circuitry in the core of his processor.

>holding gold
Lmfao
Sell it now retards
https://www.google.ca/amp/s/gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold/amp

>>7371654
>Anime
>Tranny like post
Every time

>>7371495
>>7371333
I'm Brazilian, you're out of your mind. Maybe Brazil gets better when my grandchildren retire at the age of 98, because of the sinkhole created in the last 60 years. America may have a much bigger debt, but when they crash, they'll use parachutes. We have a backpack full of niobium.

http://pressemitteilungen.pr.uni-halle.de/index.php?modus=pmanzeige&pm_id=2830

>>7371495
>russia
>india
>powerhouses

lolerskates, the life expectancy for males in russia has been going down for 20 years and india is an straight up food to mouth only shithole

>>7371081
Was in a coin store once listening to a family with boomer parents talking about their first venture into hoarding metals. This family was dropping $3k in cash on the spot for basically anything they could get: silver, gold, some platinum even. The mother then, in mid-deliberation asks "in the event of, say, a societal collapse, what would be the best kind of metal to invest in?"

I interjected: "Lead."

>>7377565
Then you teleported behind her and said, 'Nothing personal, kid.' Right?

>>7376495
Funny, seeing how what you have there is the hardest metal.

>>7377660

Was just satisfying watching the normie family scrambling for security. Like going to Cabela's the weekend before the presidential election. Fuck, that was tense.

>>7376287
>a fucking leaf
I'll give you half of the markets price, you won't have any better deal.

>>7371803
I can't fire guns or I will go deaf what do I do?
Just die?

>>7377846

More than likely. Man up.

>>7377846
In the posts civilization world, furries will dominate the world. Stock dragon dildos.

>>7377953
I have problems with loud sounds so I literally can't fire a loud gun.
My only option is getting rich enough to make a suit which isolates my body and head from the environment in times of combat

>>7378102
Uhh...huh...
It's called Peltor...

>>7371081
brass and lead

>>7378102
>I have problems with loud sounds so I literally can't fire a loud gun. My only option is getting rich enough to make a suit which isolates my body and head from the environment in times of combat


silencer and subsonic 22 or 45
crossbow
earplugs and peltor
spear
take your pick.

>>7378102
speargun
slingshot
dagger
sling
bow
eley subsonic 40 grain and silencer from bolt action 22
club

You will fight anon or be raped until you haemorrhage. You will fight.

>>7377232
>the most useless metal of all metals
Probably has more uses than you faggot, but i get your point.

Thoughts on bitGold? Nick Szabo is behind it.

>>7378315
>>7378435
>>7378518
The problem is peltors only reduce sounds by 34 decibels at most. I need reduction of 80 decibels to not go deaf.
Even if I don't use guns, if other people do I'll be rekt.
Maybe there be some technology that can help me one day.

>>7371081
Hoard across the board all resources

>t. /k/ommando

>>7377001
>invest in food, water,
How ?

Legit question

>>7379199
You buy as many bottles of water as you like, then replace them with new bottles when they expire.

>>7379150
O wow man you RE LIKE some superspergman with a weak point and everythong

>>7371095
hahahaa poorfags

>>7372461
Sure but I doubt that was because of savvy investors betting on silver's utility. Far more likely that normies heard that the fiat was fucked and they should buy gold. Then they see how much gold costs and buy silver.

>>7371095
This. Hoard firearms, ammunition, and dry food.

>>7371803
Nice pic but did you even fucking read it?
>>Were gold/silver useful?
>Literally says YES

>>7379561
K but if some preppie from the 80s had followed that advice he would have Literally live and work his ass off jus to buy water
>i regret nothing

>>7379831

So you are implying that all the normies will buy silver instead of gold?

>>7372138
KING
I
N
G


>KING
>ALSO JIM ROGERS

>>7371095

thats where you are wrong

>market collapses
>bonds drop like a rock
>crypto takes a header
>gold and silver go down

Nice store of value grandpa

>>7379894
Yes, dry food is the only food to get. I also have a little dry food stored. No cans.

>>7371081
Better invest in copper, its a way better investment and way more useful than gold. Fuck dat gold shit

>>7380177
Haha. Enjoy your green toilet paper.

>>7371299
>>7372063
>>7372390
>>7373149

the newer generations don't give 2 shits about gold
if the world ever goes to shit
the old farts who care about gold ain't gonna survive long

people will trade crucial items directly between each other without currencies
>food /water
>weapons /ammo
>shelter
>Y-Not Automatic Masturbator Sex Machine Multi-Speed Vibrating 7" Dildo Auto Love Machine

>>7380215
Where do you store ten tons of copper?

>>7380268
I read a lot about WW2 in my country occupied by nazi germany. Powdered coffee and refined sugar cubes were the most sought after items back then.

>>7371081
Some kilos of silver.

>>7380232
ok man

>>7380268
>the newer generations don't give 2 shits about gold

I don't buy it. Got any proof to offer?

As long as grandparents gift their grandchildren, as long as jewelry exists, as long as the Olympic Games are a thing, as long as language doesn't abandon several age-old idioms (silence is golden, golden voice, golden hour, etc) - gold will always be on the consciousness of people as something incredibly valuable and sought-after.

Also, gold is both culturally and economically *huge* in India and China even among younger generations and that's about 2.7 billion people.

So no, I still don't buy your assertion.

>people will trade crucial items directly between each other without currencies
Until two months in it becomes too inconvenient and some kind of currency made from rare and precious materials is introduced - as has happened literally countless times in the history of mankind. Money is just too fucking convenient and too logically of a concept to not arise over and over again. I have a cow. Peter wants a cow, but has only flour to offer in return. But I actually want water and guns. Carol has guns, Jeffrey has water, both don't want any livestock and I want to buy from both anyway, so I can't just hand one my whole cow. What do?

>>7375192
Silver is not a fucking shitcoin, it's still a rare earth metal, it's the one investment the kikes dont want you to know about

>>7372220
Gold has been currency for thousands of years.

>>7371081
>hoard silver or gold

Old tech that destroys the environment through mining.

>>7371603
lmao the filename, im in the same boat :(

>>7381718
yeah i'm sure you're gonna have a good time slicing off a chunk of your gold to trade for some rice or a donkey unless you unironically want to trade 1 ounce of gold for a bag of rice grown by the guy who wasn't a stupid nigger and bought land instead of shiny jewish metals

>>7371721
they already have more gold

>>7382627
If only the gold standard still existed. Right now America makes everyone play their ponzi game of using useless USD backed by nothing.

>>7381132
http://www.nasdaq.com/press-release/survey-shows-millennials-prefer-bitcoin-to-gold-20171204-00531
http://www.gramercygold.com/millennials-choosing-bitcoin-gold/

"adding that an impressive 67 percent of respondents said they are more likely to buy Bitcoin than gold in 2018,
and 66 percent indicated they are "not likely" to buy gold next year"

"while 76 percent of the respondents think that Bitcoin will either increase in value or maintain its value in 2018,
just 54 percent think that gold will do the same"


nobody I know gives a shit about gold
the only people I know my age (19) who care about investing,
are buying stocks or crypto currencies

there are also videos of sad boomers asking millennials what they think a gold coin is worth
scoffing when they have no idea, and don't want the coin if it's offered to them

https://www.youtube.com/watch?v=ndshbH3qZ6Y

Smh look into the gold in the grand canyon there is way more supply than they tell you is out there

How close are we from mining asteroids? That's got to tank the value eventually.

>2018
>not buying moria token
>not using the blockchain to own shares in a company
>not having those shares pay dividends directly related by gold mining
>laughingtwinks.jpeg

It's like you all want to be poor

>>7383077
>muh asteroid mining

We can't even put a man on the moon

>>7382610
>Buying any amount of land for a few ounces of gold
I know you can get an acre for 20 bucks in america but this is the first world. You have to pony up 200 000 dollars for five acres of arable land and a shack here.

>>7383188
I asked in their telegram. It's 20 cents per coin every three months forever. That's pretty shit for me but maybe not for you.

FACT OF THE DAY

The human body is composed of many elements, including Gold in trace amounts.

According the technical treatise, The Elements Third Edition, written by John Emsley and published by the Clarendon Press, Oxford in 1998, the average person's body weighing 70 kilograms would contain a total mass of 0.2 milligrams of gold. The volume of this gold in purified form would be 10 nanoliters. If this refined gold were formed into a solid cube of purified gold, the measurement of each side of the cube would be 0.22 millimeters.

By comparison, the human body contains 43 kilograms of oxygen, the most abundant element in the earth, as well as the human body. Other elements found in the human body include 16 kilograms of carbon and 7 kilograms of hydrogen.

While the role of gold in the physiological processes of the human body was unknown for many years, it has recently been determined that gold plays a role in both the health and maintenance of the joints, as well as being a key element in the transmittal of electrical signals throughout the body. Of interesting note, the human body contains 1.0 gram of Silicon. This element is commonly found in the presence of gold in nature and its metabolic function is currently unknown.

>>7383319
>being poor and putting your tiny amount of mcdonald's paychecks into something you can't even sell in a time of crisis

Good investment, you'll be poor forever you stupid faggot.

>>7383390
Right, .20 per token, paid in eth.

Assuming you aren't poor, even 20k of tokens is a good return. A safe 10 to 20x with an optional buy back at 35x.

I don't know I just think it's a good side piece.

>>7383432
Haha fuck you bitch.

have coins
from 2013/2014 mostly

>>7383544
>being poor and not understanding leverage enough to know that your 5k invested into gold isn't shit

Yeah those two ounces of gold will really get you there boyo

You're a stupid motherfucker.

>>7371081

Guns and ammo. Then you can just take other people’s gold and trade it for more guns and ammo.

>>7383483
I don't know if it's 0.2 of their coin. I think it's 20 cents of Eth no matter what which is a pretty bad deal unless you're a boomer.

I inherited ~ 1 kg of gold. My dad was a dentist. Whenever he would pull a tooth and it contained some gold, he would ask the patient if they wanted to keep it.

If they said no, he'd take out the gold and put it in a little box. After 40 years of dentistry, that added up.

>>7383622
Why the fuck are you arguing with me? Go back to your ivory tower and collection of diamonds.

Someone paste the "why is that guy eating shit?" meme pic.

>>7371081
Invest in things that can create value rather than merely represent them. If you don't have a reloading press or an adequate set of hand tools for example, you're being an idiot by buying gold if you think collapse is actually coming.

>>7382817
That makes perfect sense. 19yos *never* were the target age to buy large quantities of gold. With what disposable income are they supposed to do it? "Giving a shit about gold" doesn't mean just buying though. The majority of milennials still think that gold will at least keep its value, according to the survey quote in your post. I wouldn't call that "don't giving a shit".

I very deliberately chose "As long as grandparents gift their grandchildren" as the first example in my post. That's how it works. Old people have income, become more and more risk averse and care about traditional values, so they buy gold and gift or inherit it to their descendants. That your average 19yo is not likely to buy gold doesn't mean they don't care about it or that they won't grow up into buying gold. You can't compare today's 50+ with todays under 20s and think you've hit some kind of universal truth that today's generation has abanoned gold. You'd have to compare today's under 20s with under 20s 30 years ago or you'd have to rephrase questions towards asking about their relationship with and valuation of gold instead of merely asking about the action of buying some soon.

I think both of our observations are actually compatible.

>video
Ask your friends what the S&P 500 is currently at and they probably won't be able to even ball-park it. I'm not surprised people don't have a clue what an ounce of gold currently goes for, but they still know it's fucking valuable. Even all the millennials thinking about buying BTC probably have no clue what it's actually worth any day of the week and just a vague notion that it's profitable. Not sure about the rejecting gold part, but it does seem like a fishy situation and people taking the coin is probably not noteworthy so they cut it out of the footage.

>>7383970
Plus it makes a lot of sense for young people to jump on more profitable investments like the stock market. Gold in small quantities (<10% of portfolio) is a nice hedge, but it won't make you rich in the long-term. Going for risky investments while you're young and transitioning to more risk-averse investments as you age is the right choice. Never choose gold as you main investment!