Ponzi scams you fell for

pic related

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en.wikipedia.org/wiki/United_States_dollar
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crypto

shut up

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life

/thread

social security

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suicide

after this post I will kill myself

have fun in prison lol

literally from wikipedia brainlet

en.wikipedia.org/wiki/United_States_dollar

Only ultra high resolution images of us currency are illegal to own.

crypto

401K. It's down 7% for the year. Fucking Vanguard jews. It's a casino and only they win. Put $12,000 in a 401 Roth this year. Half of that is gone.

>gold
I'm genuinely considering stopping my 401 contributions in 2019 and buying silver. I understand Buffett's stance - it's an inanimate object that doesn't offer a return.
On the other hand, it doesn't incur fees every year and is at a reasonable price. Over the course of decades, it also increases in value by 5% yoy.
With the current forecast (insanely inflated markets that I suspect will correct along with money that's been printed out the ass for a decade, an insane National debt, and 0% APR just to get things out the door), I'd really like someone else's opinion.

What's more common sense than going back to the gold standard that we've deviated from? US dollars are no longer backed by anything. It's useless paper thanks to QE Infinity.

>Redeemable in gold on demand at the United States Treasury, or in Gold or Lawful Money at any Federal Reserve Bank.
This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury, or at any Federal Reserve Bank.
>This note is legal tender for all debts, public and private.

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In general, the “value” of precious metals stays the same while the “value” of fiat currency fluctuates. Value being the amount of goods and services you can purchase with a given amount of each.

Silver doesn’t rise in value yoy. Fiat currency loses value yoy, due to inflation. Silver only gains value vs the dollar, not in real purchasing power.

In 1970, the median house cost $23k, or 12,300 oz of silver. In 2017 the median house cost $199,200, or 11,800 oz of silver.

Have there been times when metals were overbid or oversold? Yes, but not for very long. Over long periods of time, your silver will have the same purchasing power as it does today. It will not make you rich, but it is a store of wealth.

That's a very well thought out response - one I never expected from Jow Forums.
If my crystal ball is right - the stock market is overvalued and the dollar is overprinted (ie a recession and real inflation is around the corner), wouldn't silver be a better route to divert a pay check to instead of holding cash or stocks?

dropshipping from chink sites

you have a vanguard account great

now why the fuck do you have a 401 dude just invest it in VOO an sp500 the same way you would invest it into a retirement fund and by the time you retire you should have a few million dollars and you can just live off of the dividend

but i would wait until this recession passes before i move money back into the stock. so save for now.

I have a Roth 401 and a Roth because I'd like to retire, and my company offers a match. I did my best to max out both this year and it hurts to see I'm down 7% for my efforts. I understand it's still 30 years away, but damn.
I reallocated to a 2020 fund last month to help weather the storm that's (imo) going to continue for awhile.
>I would wait until this recession passes before I move money back into the stock. so save for now.
I fully agree with this. I took my contributions down from 30% to 10%. Now my focus is on whether to keep cash or to buy silver.

do the math on that 401 and then the SP even with all that help with the 401 it doesnt even touch what a simple SP will do for you

I would suggest to keep cash. Metals are valued at what people are willing to pay but if there is no one to pay then its worthless.

The fed is raising rates to fight inflation. If they continue to raise rates, especially into a bear market, then inflation is the last thing you need to worry about.

Keep in mind that every 1% decline in the S&P destroys $240B in dollar denominated asset value. Also keep in mind that, unlike past economic cycles, the value of all dollar denominated assets is falling (stocks, bonds, consumable commodities). This all a byproduct of the unwinding of the Fed’s QE policies.

Right now cash actually isn’t a bad place to be. Neither are precious metals, but they’re less liquid. You can’t buy gas or bread with silver.

Also, when you start talking about larger dollar values, silver is cumbersome. It’s much larger and heavier than an equivant amount of paper currency. Ive got a few thousand dollars worth of silver coins in a small safe, and it takes up a lot of space and weighs more than 15 pounds. I can carry an equivalent amount in cash in my front pocket.

Gold and platinum are better stores if larger values, for this reason among others. I actually like platinum right now. Historically it has traded at a premium to gold, but it’s been at a discount for a while. Platinum also has industrial uses (like silver) that gold does not.

What are your thoughts on the silver:gold ratio? I wouldn't mind gold, but I'm concerned it's overvalued in relation to silver.

Whether cash or PM, I think I'm in the right ballpark. I spent most of my 20's blowing money on stupid toys. Now nothing excites me other than retiring and maybe getting a hunting property - but land too seems over valued right now.

I’d ignore the Silver to Gold ratio, everyone mentions it but it seems irrelevant. Silver is a useful and treasured metal that will help you hedge against inflation. Also silver is something you can buy that feels like you are buying a toy for yourself but is actually a great form of savings. Certain coinage have different designs each year and a limited mintage giving them numismatic value that rises each year.

>that ponzi that all wagecucks thoughtlessly buy into, and which will collapse soon as the first boomers with IRAs begin to retire

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your not making any sense

i dont think you know what an sp500 is

I don’t really pay much attention to it. It is high, on a historical basis, but not nearly as high as the gold:platinum ratio.

Another way to look at it is this. Since the US left the gold standard in the early 70’s, the gold:silver ratio has trended up. If that trend continues, then gold may be worth more relative to silver in the future.

But again, my reason for buying gold and platinum has to do with storage. I don’t want to have to store or move 300 pounds of silver when 3 pounds of gold or 4 pounds of platinum has the same value.

>do the math on that 401 and then the SP even with all that help with the 401 it doesnt even touch what a simple SP will do for you

If he’s getting a 50% or 100% return on invested cash through a company match, then this makes no sense. Especially when virtually all 401k plans offer index funds.

the extra fees kill it

Fees aren’t going to eat up a 100% company match and a tax deduction.

plebit is literally here.4chinz is kill

im not saying you will end up broke I am saying there are better investments than having up to 3% of your money disappear a year from fees

Not all 401 plans are that bad but a simple .04 fee a year with almost a 2% dividend return will get you ahead far faster than 3% including recessions.

Animals feel pain too faggot

ayo hol up wyte boi
u be tellin me u aint invessin in da shine rock? u fool be tripping yo

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I agree with you about platinum but liquidity is super low. Just something to consider.

He doesn't realise that a recession is the best time to buy stocks.

S&P500 is the average of American Business.

If you lose money, the country is fucked.
$1000 per months for 21 years = millionaire. For 50 years = $10 million or something stupid.

401k is a racket for the Jews. As are Hedge Funds.

>the stock market is the economy

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This Thread made me want to try and put together a google sheets to model silver. Looked at Nominal Average Income and Median House Price kinda like AVE Inc. has been steady around 30% the value of Median New Houses between 1980-2013.
Models like this can help with other BIZ shit but this is a start and it was kinda fun to put together.

Both are undervalued but silver is the most undervalued asset on planet earth.

Remember before Jew manipulated inflation... a silver piece the size of the silver dime used to a days wage for most of human history, and in most of underdeveloped world today their pay equals roughly the same in silver in relation to dollars.

So with that said.... that means 1 silver ounce equals 2 weeks of days wages historically. Since 14 silver dimes equals 1 ounce of silver. So for every 13$ silver coin you are getting 2 weeks worth of wages after this huge dollar bubble collapses.

So literally 500 ounces of silver at a cost of only 8k right now is roughly the equivalent of 7,500 days wageskr 20 years worth of days wages.

And it's actually probably going to be 2-3x that because the pendulum is so coiled up that when it is going to overshoot it's historical norm. And there are billions more people on the planet and much less silver available.

But like 80% silver and 20% gold.... then when that gold to silver ratio narrows to like 40 to 1 swap half your silver for gold and get free gold.

Remember that historical Silver to gold ratio is 16-1 since that's the ratio it comes out of the earths crust. So silver is like 85-1 now to an ounce of gold so it's way out of whack