AHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHH
nigga u know shit is cooked when 60yo goldbugs are literally acting like biz 2022 and your grandma and retarded cousing are telling you to buy gold
>>61206017how can one rug gold?/b/iz told me it's literally unruggable
wtf bros I was sure shiny rocks were the future of finance
>>61206017>gold "crashed" to 4k...>just like btc "crashed" to 100k
>>61206110Delusional. If you buy 100k worth of gold, you actually have to pay 110k. They take 10%. Now if you bought an ounce of gold for 4350 dollars and you want to just break even when selling you will have to wait until price hits like 4800 dollars. Given if gold actually topped this would mean you are now having to hold the bag for 10-30 years. KEK.
>it might be 7% up this month and 50% up this year but as you can see it's down for the last 5 days so it's over for goldfags
>>61206215>he still cares about fiat pricelol
Imagine buying physical btc LMAO
>>6120621510%? Holy shit
>>61206549What is the use of gold if not it's price in $?
>>61206685that's the entire fucking point, not if but WHEN the USD finally shits the bed (i.e. all the other countries' central banks deciding the US currency isn't worth shit) they'll demand Gold as security instead. BRICS and friends pushing deals without USD already means tons of USD gathering dust are being traded back to the US for wares or services, with no need for new USD to keep the value up.It's in freefall. Gold is the traditional backup currency, and the chances of it being replaced by bitcoin and adapted by boomercore central banks are arguably very slim.Their shit still runs on COBOL for fucks sake.
>>61206017>The future of money
>cheapiesGood
>>61206215What kind of retarded country charges a flat sales tax for gold and not capital gains?
>>61206909One deep in debt that fears capital fleeing somewhere else.
>>61206909most of them do just to make it a worse investment. Basically Governments know that the Price of Gold in their FIAT Currency is 1:1 the "market feeling" of how much their Currency is worth in actual value. This may as well be Big Macs, but if you actually used burgers like in a cross-currency evaluation (look up big mac index, it's real) the government would have to regulate McDonalds pricing as a financial institution, which while funny, would be very anti-capitalistic.Gold belongs to everyone and nobody. Gold has tradition. The current buying power of currencies can always be evaluated in Gold. Keep in mind that paying full dollars for something is a quite novel thing, not even 50 years old.
>>61206017Looks like now is a perfect time to buy in before it goes back up again
>>61206561I don't have to imagine brother...t. IqSupreme
>>61207007Bitch i forgot the pic
>>61206017bro, this is the "first selloff", I regret not actually buying gold earlier, but now I have a chance before the main run. S.N.E.E.D.
>>61206794the MONEY part of gold is its pricefiat or not, it must be put into an orderbook, and the market will decide on its value through price discoveryall orderbooks are digitalso in your wildest dreams, Gold gets settled through paper versions of it, digitally, to find its market price>trusted third parties are the futureand that's why you lose
>>61206909What do you mean country? Every gold vendor in the existence of the history of earth charged +10% on the actual value. How else would they make money? By selling gold by stock price?
>>61206017Knew it was a good time to trade xmr and core, now I have more usdc and am not fucking rekt, thanks houdini
all cryptoniggers know is one dump and it's over forever
These threads will age extremely poorly. You're acting exactly like butthurt pre-2017 nocoiners.t. /biz/ oldfag
>>61206017>i sold at topdid no one really think this would happen
>>61206794> BRICS and friendsSorry bro, you thought you clicked on /pol/ but this is /biz/. People with a functioning frontal lobe don’t actually believe your turdworld countries are going to change the dollar as the goobal reserve currency
>>61206215Or you could just buy ETFs and/or gold miners.
>>61209644/biz/ is, has always been, and always will be the financial arm of /pol/. Get the fuck out, newfag.
First sell off
>>61206017Goldbuggies indeed lmao
>>61206685>What is the use of gold if not it's price in $?the amount of slaves you can buy with it once the civilization collapses
>>61206794The chances "they" let a bunch of boomers, preppers, and schizos become tycoon-wealthy in dome kind of New Auric Order are zero.
>>61209644>>61209655>/pol/how does that make my statement any more invalid though? Do you not find it ironic that Trump is shidding and fardding because of some fucking söybeans Choina stopped buying? This isn't even about Ruzzia, just China and Brazil are two economies who can shift the power balance if they take the US out of the equation, and China proves it can fuck with the US' backyard with impunity, without military, and without even extending Silk Road 2.0 there.The fact you don't hear that shit on the news at all should tell you everything.
>>61210931I don't even doubt they'll fuck us over, and any goldbug worth his investment is prepared to take his shinies to other countries for arbitrage. But the fact they'll have to play dirty to hide their soiled diapers is vindication enough.
>>61206017>they actually lined up to buy the topPPFFFFFFFFFFFFFFFFFFFFFFFFFT AHAHAHAHAHAHAHAHAAAAAAAAAAAAAAAAAA
>>61211493At first, I thought it was people lining up to sell their gold. How retarded can people be?
>>61206815Now check any other life metric in those times. I am glad I am not living then, that's for sure.
>>61209800whens the whiplash correction?
>>61206017It will stagnate for the next several months before rebounding people are currently profit taking and overly optimistic due to Trump's comments about a potential China-US trade deal in the coming weeks
>>61211493Every time I see a new pic the line gets bigger. Now they’re dualwielding lines.
