What wrong about putting 10-20% of your wealth into gold?

actually gold will be worth less in a100 years than now thanks to the exponentially increasing mining and decreasing monetary demand. also you pay out of your ass when buying and selling and you also pay taxes on the nominal appreciation even tho it lost purchasing power it's also expensive and risky to store.

pros: it's shiny

No, I don't even like the colour gold

Not investing in something that I would only value because others value it

best case scenario is 2x.. and its just 10% why even bother, buy btc

i fell for the gold meme.
stupid paper weight.

I think that it's a more stable investment than the Copper, Zinc, Steel, Nickel & paper that our countries are giving us to use now. So I would strongly encourage y'all to listen to user: (ID: h93/rPk9)

Also, how stable do you really think that Crypto could possibly be? It's 0's and fucking 1's on a God-Damn computer server!

> The real question is what's best;

>> Gold / Au (79)
(197)
>> Silver / Ag (47)
(107.9)
>> Platinum / Pt (78)
(195.1)

Pros: neckbeard cred
>w-what if muh apocalypse fiat collapse

You think prosperity will go on forever. Some big collapse of the global internet and all crypto is worthless. Yeah, the probability is low, and if there happens something like that, it will be a Black Swan. By buying gold you are hedging against these ods, and it's diversifying your investments.
At the end of the day everyone has to place his own bets.

Nothing. I'd say 5-10% though

>Not investing in something that I would only value because others value it

You just described the word value there brainlet.

>10%
nothing wrong with that at all
>20%
you better know what you are doing because statistically that would be better invested in anything else.

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you pay zero tax on gov issue BU

this is why eagles/brits/maples/phillamonics exist

>Not investing in something that I would only value because others value it

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>hurr durr increasing mining

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How do we know that?

it's bullshit pure and simple, so far they only increased the output and got shittons of underground reserves. i wouldn't expect produce to decline before 2039.

Inflation is a jews favorite game?

Its not about financial gain its about wealth protection. Imagine if you traded all your crypto at the peak for a roll of Canadian Gold Maples.

inflation is the grease in the great machine of economy more like. too much is as bad as too little.

>paying taxes on .999 fine bullion

What nigger tier country do you live in?

good for you around here you pay on everything and there is also vat on silver.

THE FUCKING ABSOLUTE STATE OF Jow Forums

you pay capital gains tax when you cash out.

>cashing out

Buying bullion and crypto is the real cash out. (((They))) know this and it scares them.

Is that cashing out on the Gold it's self or on a goldbond?

Who the fuck is "They"?

no need to worry about it goyim

not here I dont. in my cuck country gold sales are tax free after one year of holding.

its not bullshit. companies are spending increasing amounts of money to discover decreasing amounts of gold. most mining corps are operating at razor thin margins as it is and central banks all around the world are stockpiling gold like theres no more. supply is gonna increase and demand is only gonna increase when SHTF. inb4 muh asteroid mining muh shiny rock. if you dont have at least 10% in gold as a safeguard you are biz-tier brainlet

Some day I might try to hold a month or two's expenses in gold. Just as insurance. But no way as a percentage of portfolio.

It's overvalued

Silver is a consumable, has better percentages, and currently the markets are doing well. Gold and silver a shit when things are going well. Ao if u gonna do it do it now. Then when 2008 comes again and the price rockets sell. Then when out of the smwoods some years do it again.

Like fuckin clockwork. Just slow, gains tax, and little control over buy high sell low

>ron white

All the way to the scene of the crash!

T H I S

and cucked to hell with inflation

Watched codys lab.

Ima gold plate my bumpers.

How much would this cost me and what to put over it for protection?

Gold is something you invest in minimally when you already have a sizable passive income.

Bad ROI. The price of gold is also incredibly dependent on speculation. At the end of the day it's still just a shiny rock. Don't fall for the "store of value" meme. If you want security, buy treasury bonds. If you want to beat inflation, buy stocks. If you want a commodity, oil. Gold is pretty bad as an investment.

Gold plate random shit. Sell the random shit.

Profit?

More condos and other cheap units

KEK

LURK MOAR OR HORRIBLE BAIT.

EITHER WAY GET YOUR SHIT AND

GIIIIIIIIIIIT OUT

You fucking mongoloid nigger.

The dollar price of gold doesn't mean shit. I own a lot of gold and I pray gold goes back down to 300$/oz. because that means our govt isn't fucking out of control anymore.

You don't want the price of gold to go up like the price of a stock goes up.

The entire point of buying gold is because fiat is a scam and you want wealth and money for when the dollar implodes and then in theory 2 ounces of gold buys you a home after a deflationary collapse.

How dumb are you people that you can't figure out that if the dollar dissapeared from planet earth tomorrow that your wealth in gold is completely unaffected?

And to add. MONEY isn't supposed to give you an ROI you dumb faggot.

Money IS SAVINGS!!!!!

Even sub Saharan hiv infected niggers in Lesotho understand gold is savings and money

ALSO it is GOLD that gave value to the dollar! So why in the fuck would you be valuing gold in terms of Jew fiat dollars?

The logic on this board is ass fucking backwards

What country pls.

No it's not dumbass! It's something you put a lot of your net worth in when you have a sizeable net worth because we are 20 trillion in debt and you want to protect what you have for when the dollar collapses

You idiots don't even understand the entire point of buying gold.

If I had 10 million dollars I'd EASILY be exchanging 5 million in fiat for gold and silver.

there is craptons of gold on earth don't worry about asteroid mining!

>10% of my income rotting in the bank or under my house.

Top fucking cuck!

>10% of my income working for me 24/7. Forcing apreciation. etc...

My fuck i make a lot of money from bad investors

>The dollar price of gold doesn't mean shit.
it's the only thing that matters truly.

This is absolutely true but if you have say 100k in net worth.... in a currency crisis having even just 10 ounces of gold and 500 ounces of silver would be a kings ransom in a deflationary collapse of all asset prices.

You don't need that much gold and silver to make a killing when Shtf

Because no excepts gold as payment you blind jackal.

No it doesn't. Dollar price of gold means nothing... except when you are buying it.

If I buy gold at 1k per ounce and next year gold is at 2k per ounce... all that happened was the dollar got more worthless.

The entire point of buying gold is to protect your wealth in real savings because the dollar is a fraud.

Gold going up in price does not make me happy even tho I own 60 ounces

It's not about accepting gold as payment you fucking idiot it's about having a basis of value to measure prices.

Gold measures prices perfectly.... hence why it's been money for milennia. The dollar is the worst at measuring prices. 100 years ago 20$ was a good weekly salary. Today 20$ doesn't even buy you a large pizza at Rosatis.

A gold ounce equaled 20$ 100 years ago.... so a gold ounce equaled a good weekly salary 100 years ago. Had you held that gold ounce for 100 years until today and took it to a coin shop you would get $1,200 fiat for it which is STILL a good weekly salary

>Dollar price of gold means nothing...
it means exactly what is the purchasing power of your gold coins minus premium. everything is priced in us dollars or derivatives. gold is priced in us dollars. it's the only number that matters especially how it changes in relation to inflation. and gold has performed like shit that's for sure.

Under a gold standard there was no such term as "income inequality" because under a gold standard prices are low and stable.

Today after being off the gold standard for 40 years "income inequality" is literally a top 2 issue.

Your literally invested in shitcoins hoping to make it because it's impossible to make it anymore because we went off the gold standard and the central bank jews and govt are stealing all your wealth through inflation

>Gold measures prices perfectly...
since it's a speculative asset constantly in bubbles or dumps it sure as hell doesn't.

Holy fuck please dont reproduce.

Sorry, I forgot about the (((echo))) thing.

Gold isn't supposed to perform you dumbass. A gold ounce 900 years ago is still that same ounce of gold today.

Do you fucking understand in public school educated infected brain that gold does not get its value from the dollar existing? You fundamentally understand that right???

>because under a gold standard prices are low and stable
this is the greatest misunderstanding and outright lie even. prices fluctuated more wildly under gold standard and interest rates too. it was a nightmare this was one of the reasons why it was abandoned. the other was we actually want to use gold in the industry not hoard it in fucking bricks.

Shut up Shlomo.

The dollar price of gold changing just shows how volatile the dollar is you dumbass.

You can go read a bible passage from 2,500 years ago where a gold ounce bought you 350 loaves of bread.... and today.... if you take that same gold ounce from 2,500 years ago to a coin shop you'll get $1,200 for it....

And if you take that $1,200 to Safeway you can still buy roughly 350 loaves of bread with that $1.200

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>A gold ounce 900 years ago is still that same ounce of gold today.
nah it's worth a hell of a lot less today than back then. you get the illusion of it being worth the same if you measure with a basket that is produced a hundred times cheaper and more efficiently today than back than.

>The dollar price of gold changing just shows how volatile the dollar is you dumbass.
nope then everything else would change the price but consumer goods are more stable as a whole.

In 1964 min wage was $1.25. Gold was 35$/oz

So a min wage worker only had to work a week to be able to buy an ounce of gold.

Today min wage is like 9$/hour and gold is at $1,200.

So a min wage worker today has to work an ENTIRE month to purchase that same ounce of gold that a min wage worker could purchase after a week 55 years ago.

So a min wage worker under a gold standard was markedly better off than a min wage worker today.

None of this history matters to people who've purchased 100% of everything they've bought with dollars. You mongrel. Why would people who've purchased everything with dollars their entire lives not price gold in dollars as well?
Absolute nigger tier. Shameful.

You've just been brainwashed into the perpetual debt fiat system.... you don't understand that gold is savings and you also don't understand how important savings is.

You all just literally throw all your shit into an overinflated propped up stock market just like the Jew wants.

Nobody is saying don't invest in markets or shitcoins. But you motherfuckers only understand debt and you think that it's a good thing! And you don't understand savings

Can't say the same about the US Dollar

Nothing if you physically own it this is why bitcoin is good

in 34 the min wage was $0.25 and gold was $35 an ounce too 140 hours versus 133... hmm

Yeah which is why the country is failing. Fucking people with supposed high IQ's don't even understand that gold is real savings nor do they understand how important savings is.

You idiots just throw all your wealth in the stock market and expect it to go up forever.

If you can't understand that you should have at LEAST 25% of your net worth in gold given we are 21 trillion dollars in debt then the Jew who programmed you has been successful.

Hell it was ALWAYS sound advice to have 10% in gold even when debt wasn't out of control like it is now. Yet today you NEVER hear ANY money manager suggesting even just 2% in physical metals.

I bet if I went to 50 random so-called money managers. I'd bet at tops 1 person would suggest putting 5% in actual gold bullion.

You idiots don't understand that gold is the ULTIMATE MONEY manager. It's IMPOSSIBLE to lose owning gold

>you don't understand that gold is savings
i understand gold more than you do apparently. it's a not so rare element and a base industrial metal that is awfully overpriced by speculation and meme magic. plenty of more rare elements with serious industrial use are hundreds of times cheaper. so rarity does not account for golds price. you have been jewed.

Yeah but we were on a gold standard then. The dollar EQUALED gold. So you didn't need to keep any wealth in gold.

>It's IMPOSSIBLE to lose owning gold
think it's time you are introduced to the idea of alternative cost

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Fuckhead.... gold being rare is only ONE characteristic that money has to be. If all that gold had going for it was that it was rare... it would have never been money.

And yes it isn't that rare... it's rare but not too rare. If gold was too rare than it wouldn't have been money. The fact that it's rare but not too rare works in golds favor as why it has been money for milennia

i can only repeat myself you have been jewed by the goldnigger

>gold being rare is only ONE characteristic that money has to be
yeah but it's not rare is my point. it's also not convenient in the 21st century. compared to crypto it's fucking mud.

Money is weight and measure brainlet.

Paper backed by nothing is not money.

If you are brainwashed into accepting the dollar price of gold meaning something then yeah your going to think its losing value when comex fucks with the paper price of it.

>If gold was too rare than it wouldn't have been money
yeah cause you need big ass 1 oz coins like you can't have small ones that are more convenient to store and transport... no that's impossible. fucking retard!

the collar price of gold represents it's purchasing power in relation to other assets. it is literally the only important measure. especially when you compare asset classes.

Dude....nobody not even me is saying we are going to go back to fucking exchanging gold for cars and booZe.

The ISSUE is SKYROCKETING PRICES. Because the currency doesn't have a basis of value.

Your investing in shitcoins because you can't make it otherwise because inflation is ravaging our savings in fiat and you can't make it anymore!

You aren't investing in btc for convenience to make a stupid fucking purchase your invested in it because you can't beat inflation otherwise BECAUSE we aren't on a gold standard anymore

you are falling apart

>The ISSUE is SKYROCKETING PRICES
doesn't bother anyone i know. prices in my country grew by 30% since i started work and my salary grew by 400% my savings grow above inflation too. why would it bother me that bread used to be cheaper?

Yes.... for now......under this scam fiat paradigm.

I'm not buying gold because I want it to double in price and exchange it back for more fiat.

I'm buying gold so when the currency fails and we have a deflationary collapse there will have to be a basis of value at least in part after the fiat paradigm.

Gold gets revalued overnight to say 25k per ounce to purge all the debt from the system. Asset prices collapse and a median prices American home is now worth 50k and 2 ounce of gold which cost you 2500$ to obtain in the fiat paradigm are now able to buy you a home (converted to the new currency)

So you are essentially saying you want higher prices?

Good for you you got a job that puts your well ahead of inflation.... what about your average guy?

i want higher purchasing power of my income so long i have it i don't actually care about the exact numbers. i care about the ratios and growth. so far so good. in fact i have never been better.

Unless you build a solid gold anti-aircraft gun, you shouldn't get $5m of precious metals. You will absolutely get droned by anyone aware of it as soon as SHTF

>Gold gets revalued overnight to say 25k per ounce to purge all the debt from the system.
interesting daydreams you have. but in reality gold will drop first when deflation hits. cash is king in a crisis.

Yeah everyone wants higher purchasing power of their income! And that's exactly what they would have of a loaf of bread was 50% cheaper than it is now.

So you understand that prices going up is bad right? Because it gives people less purchasing power ....... you understand that right?

>You idiots don't even understand the entire point of buying gold.
or maybe there is no point to it... you are just repeating the same nonsense that goldmongers spout as they unload their bags.

Well you literally just made a better argument for owning gold than I have made in this entire thread.