/biz/ - Business & Finance

[Anonymous No.29648968]

>those precious metal bagholders who try to convince you weimar hyperinflation is coming in two weeks 6 times a year

[Anonymous No.29649048]

>>29648968
This time is different

[Anonymous No.29649173]

>>29648968
>shiny rocks

[Anonymous No.29649365]

yeah crypto shills do the same now

[Anonymous No.29649486]

it doesn't happen till it does faggot, if you are holding greenbacks right now you are literally retarded

[Anonymous No.29649502]

>>29649365
cope rock tard

[Anonymous No.29649526]

>>29649486
tinfoil hat mentality

[Anonymous No.29649568]

>>29649486
>THIS TIME IT'S FOR REAL!!!

[Anonymous No.29649602]

>>29648968
yeah they seem to follow the reddit tourists around like puppy dogs
>remember to buy gold! crypto is a SPECULATIVE INSTRUMENT!! Remember the Weimar!!!

[Anonymous No.29649634]

>>29648968
>those bitcoin bagholder who try to convince you weimar hyperinflation is coming an CODE 010001110 will save your purchasing POWER LOL

Buy Oil retards.

[Anonymous No.29649872]

>>29648968
While I agree /pmg/ can be schizos, it's not a bad idea to have 5-10% of your net worth allocated to metals just to hedge

[Anonymous No.29649954]

>>29649486
TWO MORE WEEKS
TRUST THE PLAN

[Anonymous No.29650023]

>>29649634
Oil? I drive a Tesla.

[Anonymous No.29650055]

>>29648968
they desperately need to chill and hold some apollo stablecoins. it will make them feel hip

[Anonymous No.29650081]

>>29648968
>>those precious metal bagholders who try to convince you weimar hyperinflation is coming in two weeks 6 times a year
Isn't this exactly how cryptocucks market their worthless shitcoins?

Buy silver and ride the Basedhorse anons

[Anonymous No.29650279]

Even if hyperinflation doesn't happen, I can always rely on my shiny rocks.

[Anonymous No.29650377]

>>29650023
so what? i do too but you would be retarded not buy oil right now

[Anonymous No.29650569]

anyone with a brain knows you pump with crypto and hold with physical. fiat is just an intermediary. I would rather drink from a sieve than hold fiat.

[Anonymous No.29650711]

>>29648968
There's a reason only schizo /pol/tards like Alex Jones always push for metals.

Show me an example of someone who made back their net worth after an economic crash by holding or selling their metals.

[Anonymous No.29650747]

>>29650377
how do i buy it

[Anonymous No.29650942]

>>29650711
In the 2008 crash gold went like 5x while housing dipped. People that lost on real estate but held gold did OK. Same thing basically during the 70s stagflation, except gold was basically like bitcoin pulling 100x back then.

[Anonymous No.29650997]

>>29650569
Pretty much I’ve been using gold to store gains for years now. About to buy a million dollar house.

[Anonymous No.29651036]

>>29648968
kek two more weeks

[Anonymous No.29651041]

>>29650942
why did gold crash during covid

[Anonymous No.29651100]

>>29649486
based

even if it doesn’t happen for a decade I can load up on inflation proof assets, literally a win win

[Anonymous No.29651139]

>>29649634
how to buy oil

[Anonymous No.29651141]

>>29651041
My guess is people were covering losses in the stock market before reallocating.

Why did gold hit all time high during covid.

[Anonymous No.29651229]

>>29651139
Autozone sells quarts by the case

[Anonymous No.29651258]

>>29651229
processed oil expires in like 3 yrs

[Anonymous No.29651287]

They never tell you that the dollar will be one of the last to hyperinflate. The U.S. dollar was involved in nearly 90% of all foreign exchange trades last year. It’s not just countries, but foreign companies and institutions also rely on the dollar. Without access to the currency, these players would be unable to re-fund debts or take out new loans.

Ironically, this enables the Fed to pretty much expand the money supply (and U.S. lawmakers the debt) as far as the eye can see. The substantial amount of underlying demand means there will always be a need for U.S. dollars and debt. The creative programs implemented by the Federal Reserve, such as the repo agreements on treasuries, also incentive ongoing demand for U.S. debt. And while the Fed’s expanded lines certainly expand its reach compared to any other time in history but it remains to be seen of the FED can meet demand. And as other currencies hyperinflate, they move to the dollar and hard assets.

[Anonymous No.29651374]

>>29649486
Doesn't make sense. Think the idea of everything collapsing great depression style gets you idiots off. But it's just shit, and your shinies won't matter anyway.

[Anonymous No.29651408]

I’m actually upset that I fell for the meme. My $80 purchase of silver a year ago is now $90. I should have just bought fucking litecoin

[Anonymous No.29651432]

>>29649486
golds value does not change.
you hate fiat currency yet you measure gold's performance in fiat.
gold is money not an investment even in a shtf situation there are better things to buy

[Anonymous No.29651434]

Silver is going to multiply more in price than bitcoin at this point. Checkem

[Anonymous No.29651556]

>>29649486
Your stupid read what happens when shit hits the fan. People trade vodka for ramen, or socks for pencils. They trade whatever they got for something useful. Imagine being in the middle of a disaster and you are trying to convince someone to give you over the counter medical pills in exchange for shiny rocks

[Anonymous No.29651756]

>>29651287
I don't know much about this subject, but as you say it is way more complicated than "print money = hyperinflation". If the US can keep the expanded money supply outside of the US, there wont be HI within the US. Hence why so much of the stimulus packages go overseas, and why there is such opposition to general handouts within the US from the senate, etc.

[Anonymous No.29652394]

>>29651756
Yep. Hyperinflation means the money supply has gone up WITH increased velocity which drives prices sky high. Prices in America are going up because costs to produce and transport goods are higher thanks to the lockdown restrictions globally. Americans have more savings only because of two things
>Spending less
>Stimmies
When velocity goes back up the American savings will go back down. The FED printing does not go directly into the economy. It increases bank reserves so banks can loan out more money. Only then does the money get into circulation.

[Anonymous No.29652445]

>>29651434
>Silver is going to multiply more in price than bitcoin at this point. Checkem

You're entirely right although this post is the one that will be checked.

[Anonymous No.29652594]

>shiny rocks

This is the most damaging boomer meme you can fall for.
I bought silver and gold in 2012 instead of buying Bitcoin. Would have been a fucking millionaire now but instead I'm stuck with useless rocks.

[Anonymous No.29652706]

The most annoying thing is when the fiat system busts they'll parade and "I told you so", ignoring that they were wrong for decades and missed 10 bullruns in different sectors.
Goldbugs are the worst.

[Anonymous No.29652789]

>>29652594
Honestly it is a trap if you treat shiny rocks as an investment rather than wealth preservation.

[Anonymous No.29652922]

>>29652789
Goldbugs never tell you this though.
I can see the use for wealth preservation fair enough, but unless you've already made it then boomer rocks are a complete waste of time and money.

[Anonymous No.29653238]

>>29652922
A lot of goldbugs are basically in a doomsday cult. I have a friend who turned into one and it's hard to talk to him now. I'm pretty open to conspiracies and things not being what they seem but he is half a step away from David Icke lizardman tier. Of course they're always smug too because they think they've got everything figured out.

[Anonymous No.29653268]

>>29652922
Personally, I stack little silver and gold to preserve the small amount of "wealth" I have since it's too little for things like real estate and I'm just not confident with stocks and crypto (yet).
And my money is just sitting there at the bank while inflation slowly eats it away and an risky economic situation make me feel uncomfortable about fiat currencies. So I buy a bit of silver every now and then.
And if we do get to "triple digit silver", that will be an added bonus.

[Anonymous No.29653343]

>>29651041
the paper price did but you couldn't get the actual shit at that price.

[Anonymous No.29653350]

>>29649486
TWO MORE WEEKS
TRUST SPROTT
SCHIFF PREDICTED THIS