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27317109 No.27317109 [Reply] [Original]

Has anybody ever gotten rich by investing in gold?

>> No.27317149

>>27317109
No but I did save 15% or more by switching to Geico

>> No.27317153

In times of crisis yes.

>> No.27317179

>>27317149
Based

>> No.27317554

>>27317153
Is we're ever at a point where you need to use gold because the money is worthless, you'll want bullets, not gold.

>> No.27317624

>>27317554
How about gold bullets?

>> No.27317626

>>27317554
human see shiny human with most shiny is leader

>> No.27317628

Back in 1848, yea.

>> No.27317682

>>27317624
Too soft

>> No.27317797

>>27317109
that bar looks like shit, how do people even fall for this shit?

>> No.27317835

>>27317109
gold and silver have terrible returns over time. If anything, I see them as a way to preserve wealth or a savings account.

This whole silver squeeze thing won't work for reasons I don't want to bother going into... but just look at the gme situation, the hedgefunds are going to win. 100% of gme shares are owned but they're still covering shorts. They make the rules, we stay relatively poor. The free market was an illusion up until the 08 financial collapse.

Remember the audacity of fortune 500 companies refusing to give raises because "times were tough" even tho the market recovered like 10 fold?

>> No.27317899 [DELETED] 

LMAO, this topic is full of scammers shit advertising
Don’t go for this trash if you want to save your cash
They still try to get new retards for their shit pools and bases projects
But I know one thing, only one top rebase platform now - Base Protocol, so I don’t believe in fake scam

>> No.27318018

>>27317554
delusional prepper
a weimar type situation is a million times more likely than mad max
society isnt going to vanish, its just going to get worse

>> No.27318070
File: 46 KB, 688x750, aint that some shit.png [View same] [iqdb] [saucenao] [google]
27318070

>>27317109
Yes, in instances where people had access to gold, silver, or currencies backed by them while they were inside a nation that was experiencing hyperinflation. Wiemar Germany is the classic example, as people with access to real money could buy out the desperate normies for paltry sums since they were desperate to get anything that traded. And once things re-stabilized, the guys doing the buying suddenly owned lots of property, farms, factories, all purchased on fire sale.

You buy gold to protect your time-value, sure. But if you're young you buy it not to hedge against inflation, but to get your pound of flesh during monetary failures.

>> No.27318119

>>27317624
Would unironically melt on the way out the barrel

>> No.27318122

>>27317835
the best way to preserve wealth is to buy Tesla stock

>> No.27318128

>>27317109
man metal is really meant for when youre already rich and already have the 3 houses and cars and shit and then you just buy a bunch of gold bars to stash in a safe and you always have a few millions you can fall back on or its worth 400% the price in the future whenever you retire or just get rid of it

silver is basically the poor version of this. no point in looking at it or worrying about prices. if you just have money sitting in the bank and all the shit you need just buy a shit ton of it and just sit on it. its not meant to be actively traded unless you run a store

>> No.27318141

>>27318018
The Jews had lots of gold and that didn't stop them from getting BTFO. Perhaps if they had more guns.

>> No.27318364

>>27317109
In September 1980, Playboy published an article called "silverfinger"; which detailed the attempt to corner the silver market by the Hunt Brothers of Texas.

At the time it was published, the article had a profound impact on me; because the silver rush was still fresh in my mind (and the memory of people around the country melting down grandma's silver set for cash).

The reason gamestop happened at all is because it's a worthless company; and wall street wasn't going to fight over a worthless company.

If silver really is the next target, it will end in tears. Silver (like gold) is about more than price; and you don't fuck with with world without the world fucking back.

That's not to say that there won't be waves; but there is zero chance that people buying/selling fractional shares are going to compete with people who trade billions of dollars a day.

Here's the article from 1980, still worth reading:

http://www.infiniteunknown.net/wp-content/uploads/2011/05/SILVERFINGER-By-Harry-Hurt-III-September-Issue-1980-Playboy.pdf

>> No.27318418

>>27318141
the jews got mad rich during the weimar period though
Nazi rule was the opposite of a collapse, goverment became stronger and more stable

>> No.27318529

>>27318141
>Gold does not stop white people from chimping out
Nothing does and its happening again. Isn't there some kind of lightweight asset that you can own that is secure from anyone ever stealing it?

>> No.27318581

>>27318128
I've tried explaining this to my retarded friend who thinks he's a genius by wanting to buy gold. "It's a hedge against inflation" he says, while having no job and earning practically nothing as a yearly income. I kept telling him if you want gold so bad first invest in shit that will get great returns and then use that to buy gold. "It's not about the gold. It's about having a hedge against inflation". YOU DUMB FUCK THE BEST WAY TO BEAT INFLATION IS TO LITERALLY BEAT IT WITH RETURNS THAT 10/100/1000X.

>> No.27318845

gold is historically valuable as a hedge because it has very low beta, which is correlation with the wider market. prices in gold have historically been recorded and the price is fucking stable across millennia.
the point of gold is a hedge for when the wide market drops. the lack of correlation with the wider market allows you to preserve your gains in the scenario of a market crash. it also serves as an inflation hedge for the same reason.

>> No.27318904

>>27318418
>When you're so stable that you have to invade your neighbors or suffer economic collapse due to overspending money that you were given by the boatloads from American and UK noblemen like henry ford that were deathly afraid of Lenin's gommunism revolution.

>> No.27318906

>>27318529
buy btc

>> No.27318986

>>27317554
but both gold and silver have practical uses, they are excellent conductors.

>> No.27319021

No but I still stack

>> No.27319185
File: 330 KB, 454x442, 1527300116230.png [View same] [iqdb] [saucenao] [google]
27319185

>>27318906
You will make it.

>> No.27319434

How is trading gold any different than trading in any other currency? The only thing I can imagine is it's a physical store of value with tangible utility, and you can keep it in your basement or whatever, so if shit hits the fan you can still trade gold for stuff. But even then aren't you better off just buying survival gear, preserved food, water, toiletries, meds, etc? Like in an apocalypse who gives a shit if you have a basement full of metals used to make jewelry and manufacture some electronics components?

>> No.27319854

>>27317554
Are you one of those people that think society will collapse so badly, that food will be more valuable then gold?
Watching to many zombie movies.

>> No.27319972

are PAMP gold bars worth it? or are american gold coins just better for selling

>> No.27320910

>>27318119
you're a retard, you know that right?
you could have just googled the melting point of gold before you decided to just make something up so you could sound cool on the internet.
retard

>> No.27320998

>>27318986
much more than that
though knowledge of metals has been largely lost

>> No.27321065

>>27318141
hitler was a prop
everything was a setup from the getgo my guy

>> No.27321121

>>27317109
>zombie apocalypse scenario
>good thing i have this gold now that money is worthless
>not one human being for miles

>> No.27322705

>>27319854
People are only ever two weeks from societal collapse due to starvation. You can't eat gold.

>> No.27322717
File: 685 KB, 497x636, Rothschild-Dreyfus-e1588754336829.png [View same] [iqdb] [saucenao] [google]
27322717

>>27317109
Ummm wat

During the US Civil war, profiteers like Judah Benjamin and Jay Cooke never traded gold, It was pigs heads for cotton etc. When the war was over they took all the confederate gold back to Europe and said they found it near Alaska.

>> No.27322976

>>27318904
Oh look we have an Amerimutt who knows how to parrot what he's heard on the History Channel.

Germany didn't "invade" anywhere except the USSR which was a pre-emptive strike to eliminate Communism. France and Norway for example would've been taken by England if Germany hadn't secured those locations first. Germany was forced to act, they couldn't just passively sit by and let Jewish controlled England and Russia take over Europe and encircle Germany.

>> No.27323574

>>27317797
by not biting it

>> No.27324144
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27324144

>>27322976
>Germany didn't "invade" anywhere except the USSR
Isn't there stuff in between Germany and Russia

>> No.27324372

>>27317554
The odds of the entire world collapsing at once are nigh on impossible, which means most economies will be functional, which means your gold will be able to be traded into whatever currency the black market deems the best. You'll get rekt on the trade in but gold and silver would at least allow you to buy resources. When Zimbabwe got rekt they just switched to using dollars, which still had a large gold value

>> No.27324645

>>27324144
USSR stated goal was world domination with a HQ at Moscow.

There was no Russia

>> No.27325187

>>27324645
Poland, Lithuania, Latvia, Hungary, France, Yugoslavia weren't part of the USSR.

>> No.27325386

>>27324645
And hitler is on the moon. Dems rigged the election

>> No.27325432

>>27317554
>muh guns and ammo
knives, swords, body armor

>> No.27325565

>>27325187
Yeah... Until 1945. how old are you? how are you so brainwashed?

>> No.27325647

>>27325565
So Hitler had to preemptively drive a rape train through those countries so the soviets wouldn't have all the fun and then let them fall to communism anyway, your point is entirely lost on me that's for certain

>> No.27325784

>>27322717
What's the deal with this Confederate gold now? Any links?

>> No.27326038

>>27325647
German army was the best behaved army in both world wars, They shot their soldiers for rape. Soviet army posted pamphlets by Ilya Ehrenburg encouraging soldiers to rape Germans.

>> No.27326230

>>27325647
>your point is entirely lost on me that's for certain

Well yes, you're clearly not very learned so it would be.

>> No.27326401
File: 63 KB, 653x500, never fails.png [View same] [iqdb] [saucenao] [google]
27326401

>>27317554

>> No.27326470

>>27322976
>Germany didn't "invade"
>They just took France and Germany
>And Czechoslovakia and Poland
>And Hungary and Belarus
Those are called invasions whether you wrongly think they were justified or not.

>> No.27327691
File: 80 KB, 702x485, 1611820056962.jpg [View same] [iqdb] [saucenao] [google]
27327691

>>27325784
not sure, old books on archive.org

>>27326470
>pic related

>> No.27327761

>>27317153
We're in a time of never-ending crisis.

>> No.27327899

>>27326038
Dog, you're legitimately retarded.

>> No.27327935

>>27317109
No but people have gotten rich selling you gold, and mining gold.

>> No.27328299

>>27327899
t. eastern bloc conscript

>> No.27328410

>>27317624
>wasting gold bullets on niggers
Ngmi

>> No.27329157

>>27327899
He's not wrong on that post actually.

>> No.27329273

>>27317626
Nope, caveman logic makes the strongest the leader. Shiny rocks dont make manlet strong, manlet gets beaten and strongest has shiny rocks.

>> No.27329684

>>27327691
Stupid image, what year is this map supposed to represent?

>> No.27330315

>>27329684
1933 but they forgot Kaliningrad

>> No.27331023

>>27318845
but who will actually buy the gold back at its real price? the companies that buy from consumers buy everything cheaply

>> No.27331366

Don’t sand monkeys love this shit?

>> No.27333311

Noboday ever got rich by holdng gold
Jews won't reintroduce the gold standard
Holding gold is only if you don't want to lose wealth

>> No.27333951

>>27317109
of course not

>> No.27334404

>>27333311
Noboday ever got rich by holdng gold
Jews won't reintroduce the gold standard
Holding gold is only if you don't want to lose wealth

>> No.27334979

>nooooooo, pump my coin bags, don't buy rocks!

>> No.27334990

>>27317109
In the bullmarket of late 70's gold went 20x and goldminers 20-1000x (yes x not %). You tell me.

>> No.27335769

>>27334990
>In the bullmarket of late 70's gold went 20x and goldminers 20-1000x (yes x not %).
what happened?

>> No.27335902

>>27335769
Price of gold had some catching up to do after it was artificially supressed by governments for decades at $35. When they dropped that peg it went all the way to $850 and it took some draconian measures to actually stop the rise even more.

>> No.27335982

>>27321121
>Turns out your gold was just gold plated lead
>You now have enough lead to make bullets to carve out a stronghold in the new apocalyptic world

>> No.27336127

>>27322976
This is your brain on poorly made MSpaint infographics and youtube "documentaries"

/pol/, not even once

>> No.27336321

>>27335902
how did they stop the rise?

>> No.27336397
File: 22 KB, 620x411, peter schiff.jpg [View same] [iqdb] [saucenao] [google]
27336397

>>27317109

>> No.27336662

>>27317624
This isn't reddit, nobody is going to updoot your sòy joke.
Go back.