I can't believe I let /biz/ convince me I was going to be filthy rich because I bought some rocks. I felt so dumb...
>>62432148Many such cases.
>>62432148buy the top sell the bottom. It's the /biz/ waybut on a more serious note, metals usually spike upwards, adjust back down, and then spend the next couple years creeping back up to their previous highs. In the case of gold this will probably be a year or two. Silver may take anything from 1 to 40 years to get back up. But if you wait long enough it WILL rise again.
Well, at least you didn't buy digital rocks like some retards here.
-pms are not pokemon cards you dipshits
>>62432148Thank you for the bottom signal.
>>62432148Meanwhile, China is stacking gold at record pace, is easing import/export rules, is setting up an exchange in Hong Kong going live this month, and Singapore is following right behind. By all means trade your gold, that has been valuable almost everywhere for all of history and beyond, for dollars that have lost 98% of their value since 1913 and are losing the rest at an accelerating pace. I'm going to need someone to weed my vegetable garden in the sun while I bang their sister in the air conditioned house.
>>62432148Stocks are better.
>>62434808Now do t-bills. Only a retard would be in cash for 200 years.
>>62434816Now do gold price in usd during weimar hyperinflation.
>>62432148When inflation hits high and interest rates drop in a few months, Gold will be the stock/commodity to hold. Its value and associated stocks will surge.
>>62434816>>62434830Here you go. I'll help you with that one.
>>62435408Now do gold/btc
>>62437308>btcYou mean goygold?https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6249758
>>62432148>do your own researchThat is the most consistent advice I got from /biz/ when asking about stocks, crypto and other assets. You didn't do your own research.
>>62434803If you put $100 in the shit and piss in 1932 you'd have over 2 million dollary doos todayThat's a little over 500,000 gallons of gas
>>62437308Don't be so lazy and do it yourself you fatfuck.
>>62437358>goygoldWhy did Epstein try to use BTC and not gold though?
I bought an apartment for €335k. 7 years later im selling it for €515k. Tax free as it was my primary residence during those years. In addition my mortgage was €700 a month instead of renting at €2000 a month.A pretty good return.
>>62432221>Silver may take anything from 1 to 40 years to get back up. But if you wait long enough it WILL rise again.i'm going to die though
>>62438001>why did the man who got caught use the 100% traceable digital asset instead of the non-tracable physical asset?Oh golly gee professor, I don't know...
>>62438042>non-tracable physical asset?Cope
>>62438142
>>62438175Try taking a couple thousand $ worth of on a plane some time and see what happens.
>>62437429Do it! Go back to 1932!
>>62432221>it will go up again!By the time it does we'll be mining meteors and then the price gets to explore a bottom lol.
>>62440989LOL!
>>62438433I took a one ounce gold krugerand on a plane about three months ago, flying from SFO to Haneda to Thailand. At SFO I tacked down a Border Patrol agent just to declare my gold and cash as it was close to the $10,000 trigger. He said they don't care about gold BECAUSE it has no serial number for the government to track. Waived me through. When I arrived at Haneda, I declared it at customs because they require all gold to be declared. Customs lady looked at it, asked me if I only had the one, confirmed I was leaving Japan for Thailand the following day, and waived me through. Flew to Bangkok, then connected to Chiang Mai. Could have waltzed through, but made the customs people - a young man and woman - look at my coin because Thai law is ambiguous and I wanted to see what would happen. They examined the coin like I was the first person to ever declare one, and waived me through. So, gold was close to $5000 an ounce at the time, I took it on a plane, told ever official at three international airports about it, and no problem, no taxes, no questions, no tracking.Next question?
>>62432148Gold when civilization hasn't collapsed is just a way to protect your wealth from inflation. It only skyrockets in price when shit hits the fan, but not bad enough to where people are bartering ammo for food, then it's useless.
>>62441543u don't barter food with gold, thats silver's jobu barter freedom with gold, always
>>62441543When has there been a society in which ammo was being bartered for food other than in the movies? Just wondering if there are facts behind your statement. Civilizations invariably try to get back to a functioning monetary system after a collapse because barter is so woefully inefficient and cumbersome. Chances are very good that the monetary system of choice following world wide fiat meltdown will be gold and silver.
I prefer to stack precious metals like brass and lead.
>>62441617I remember reading story written by a survivor of the Bosnian civil war. He talked about how the bartering worked. Women would prostitute themselves for a can of tuna. Ammo was a currency. He also said vodka and bic lighters or refilling lighters was another popular trade. He recommended having a large bottle of butane and using it to refill lighters people had discarded because they were empty. The flint in the lighter lasts for many refills.
>>62441645I seem to recall that his report was debunked. But I have not looked into it.
>>62441634Are you going to stack $50,000 worth of ammo? I don't think there will be a market for that.
>>62432221Will be out of above ground stockpiles of silver in a few years. Prices rising is the only thing that can alleviate this as this incentivizes increased production. This is why the government added it to its strategic materials list, its in nearly every weapon system and still a major factor in photovoltaics and advanced battery tech. Until the prices reduces use in favor of other materials and/or increases prodution such that there is not a net deficit every year it is undervalued. It was the PV industry that announced that they alone would consume the entirety of above ground silver in less than a decade if trends continued and no one else bought for any purpose. The second and third world is still electrifying, war and its instruments have become objects of obsession and the ruling class in the west is finally making some progress with PVs even as we face a power crisis they intend to double down partially out of necessity. So long as America is using 10 years worth of cruise missiles in 3 months we aren't going to wait 40 years to break ATHs again, though it will be less volatile once tourists like OP are out.
>>62432148>Some rocksExactly what did you buy?Fine gold/silver is more of a protection against inflation than investment.
>>62441440Gold has become this economic abstraction where it's value is either limitless given money supply is increasing exponentially or its a useless rock that every backwards country or elite family has secret stockpiles of enough to tank the price if it ever were to go to market. People either want to kill for it or are completely blind to even its spot price, to them its only a relic of a bygone era or something to adorn whores in. The amount of liquid wealth gold that isn't in a bunker or vault is pretty small compared to everything else. I wonder if, given the media coverage it never seems to get, its meant to be some financial back alley for the elite by design. Like the CIA used to play in crypto they invented, drugs and suitcases of cash but in a world of hyper inflation, capital controls and kyc they still need some avenue to pay for services that will fit on a plane or not cause a scene. They can't clamp down on, track and tax everything, the rich and psychopathic always leave loopholes they can use that others wouldn't think of.
>>62441773>1pbtidI'm willing to bet he didn't buy any at all.
>>62432148It could be worse. /biz/ talked me into buying digits on a screen and now they aren’t worth shit. At least with rocks, I can throw them at someone. The best thing I can do with crypto is put it on a trezor and shove it up my ass
THe moment I saw gold shilled in /biz/ I started selling. Sold all of it for glorious BITCOIN
>>62432148Most people have no investment or savings so while the herd might be dumb you're still ahead of that curve.
I bought gold at 1400 and silver at 15. Rocks are for holding value of your toilet paper called cash.
>>62441880You think someone who calls it a rock can afford gold lel
>>62441440>just rely on people being too lazy to do their job with your wealth bro.
