Help me out Jow Forums
Am I crazy that I very much want to convert my entire nest egg (low six figures) into physical gold?
Cooper Cooper
Jackson Collins
Wouldn't you worry about storing all that yourself?
Camden Gutierrez
it is a safe haven
Just expect the market to continue it's long term downtrend.
Sebastian Hall
Silver is the whiteman’s metal. And it’s at historic lows. Even if the (((fiat))) price tanks which it probably won’t, you have silver Incase of a run on the fiat banks.
Cooper Ward
weird what gold looks like on the inside
Lucas Gonzalez
Yeah that’s a counterfeit bar. Shit like that is a thing, which is part of the reason I think I’m crazy, but I really, really want to.
Ethan Martinez
ary is the true american way
Landon Butler
The pm market, the stock market or the long, slow exponential decay of fiat currency in general?
Jeremiah Powell
Since gold won't lose value to inflation, it is better than cash. However, if your goal is just to keep up with inflation you'd be better off buying t-bonds. Gold's volatility could hypothetically fuck you over.
inb4 "t-bonds would become worthless if the government defaults": If the US government defaults on all its bonds then your best investment would be a rifle, rice, and beans. You can't eat cash, bonds, or precious metals.
Daniel Scott
I wouldn't put all of my eggs in one basket.
I got hell of PM, crypto and greenbacks.
I don't know if the stock market has topped or not.
But I think Silicon Valley is about to get rekt.
Justin Lewis
How much is one of those gold bars
Samuel Baker
About tree fiddy
Colton Sanders
At least get one or two of these and then worry about gold.
Dominic Howard
>greenbacks
James Clark
With respect to bonds, I think real rates are pretty close to zero if not negative; inflation is grossly under-exaggerated. I don’t think shit is going to go mad max or anything, I’ve essentially just lost faith in the current system, and crypto is far too risky for anything other than dabbling as far as I’m concerned.
Leo Cook
Why do you keep posting an obvious fake silverbar? God damn are you stupid.
Logan Foster
Yeah I’ve been trying to keep fairly diversified but I’ve just got this overwhelming urge to go all in and roll around on a (very) small fortune in gold. I fear for my mental health.
Colton Peterson
>inflation is grossly under-exaggerated.
point out the item in the CPI report that you disagree with
Kevin Lewis
You forgot hyperinflation. T-Bonds are worthless in that scenario.
Julian Gonzalez
It’s the weightings for CPI; it’s fantastic that TVs are steadily getting cheaper but I can’t fill my car or my belly with them yet they’re weighted similarly. I also live in a retardedly high cost of living city, so I’m essentially locked out of owning property despite being in the top ~20% of incomes.
Jackson Cook
>weighted similarly to things like food and gas*
Hudson Howard
Look at what happened in the late 70s & early 80s. Ten-year treasuries were paying 15%. Interest rates typically rise with inflation.
Joseph Wright
The other thing that isn't shown in the CPI report is that the fed has been printing like mad ever since 2008. Once the velocity of money returns to where it was historically the CPI will spike.
See
fred.stlouisfed.org
fred.stlouisfed.org
Nathaniel Campbell
You could also get like 8% interest on a simple savings account. I don’t see that happening again in my lifetime unless there’s a massive hyperinflation or something. Taking the dollar off the gold standard in ‘71 was the root cause of what you described and we done gone full fiat now.
Joseph Nguyen
Those green slips of paper outperformed crypto and PM all 2018.
William Gomez
>Once the velocity of money returns
you're right about that.
Wyatt Green
just do 5 percent
Xavier Hernandez
I’m already at ~15% of my net worth and just want more. Like all of it. I think I’ve lost my marbles.
Joshua Lee
I wish I could say that I fully understood why it’s fallen off a cliff and what happens if and when it snaps back. I assume it’s mostly money created by central banks sitting on the books of retail banks waiting to be deployed or something, but I don’t quite get it. What I’m thinking of is maybe similar on a smaller scale, I guess, in that I want to pull pretty much all the money I have out of circulation and put it in something tangible (and shiny).
James Bennett
>I assume it’s mostly money created by central banks sitting on the books of retail banks waiting to be deployed or something, but I don’t quite get it
Yeah, this is a big part of it. 2008 spooked a lot of people, so many financial institutions and businesses are hoarding cash.
>what happens if and when it snaps back
If the velocity of money were to suddenly return to 2007 levels then the value of the dollar would quickly be cut in half. However, there isn't much historical precedent for that, so I'm guessing the velocity of money will climb gradually over the course of many years. We'll probably just see a prolonged period of 5-10% annual inflation.
Jackson Mitchell
That's why we have DAI (the only stablecoin)
Ether and bitcoin are fluctuating assets and should not be compared to the dollar. Sell into DAI and then buy back into the bottom of your preferred blockchain asset.
Connor Ortiz
You won't lose your footing, but nor will you gain footing.
What is money? In this case, I will say it is basically distilled goods and/or labour. It can be exchanged for goods and services. Some people want to consume a lot of goods right now, like people who have never had a job and want to go to school to start making a high income from the start, or to start a business. Other people have more than they are using, and the goods and services are as good to them now as they are later. The process of lending money, like through a bank, allows you to lend people goods and services they can use now, in exchange for more later in the form interest. This also allows them to produce more.
Holding your money in precious metals does not grow your investment, nor does it make others more productive. It also has less risk. Gold and precious metals only increase in value in so far as people want a safe place to hold their money. It doesn't mean a guy pushing a broom can be making pharmaceuticals instead, or someone can start a business. It also means you're not lending money to a business that will declare bankruptcy and not pay you back. I am not in favor of it.
Kevin James
buy bonds you retarded fucking doomers
Elijah Thompson
No
Daniel Turner
I don’t necessarily want to make money by holding gold, I want to hold my money as gold. I specifically don’t want people, specifically the finance industry to make money using my money by lending it out with interest. Fuck those guys.
Kevin Gonzalez
>buy the greatest bubble known to mankind!
Eli Martinez
yeah thats ccrazy
Justin Barnes
gold is not a very good store of value long term despite its advertisement
Owen Torres
This. Its us dollar bill. They were not called greeenbacks since the civil war
Brayden Collins
Ahem
Hunter Phillips
Yes. ALWAYS, diversify. Not one thing is full proof 100%.
Asher Smith
Its a gambling temptation. Recognise it and dont do it.
Camden Sanders
Cameron Reed
Put 10% in gold.
Owen Ortiz
this is also interesting it explains why it is so easy to fuck with the official inflation you just tweak the numbers a little bit ignore some inconvenient facts and bamm you have no inflation officially while life gets more and more expensive.
Nolan Hall
Tyler Price
CHOTTO OMAE
Adam Barnes
i have a gold coin since 2013 inflation adjusted it just lost value. and i bet it will just keep losing it even if the price goes up. gold is retarded. i keep it to remind me every day of my early stupidity.
Dominic Campbell
i only have this, but the long term outlook is still bleak for gold.
Henry Jenkins
and of course the final nail in the gold coffin
Landon Jones
Gold 100 year chart
Anthony Clark
Or you could get an 18% return on your investment annualy by buying XSN masternodes.
The price has hit its absolute bottom, so its a pretty safe bet (Unless BTC halfs in price or some shit again, haha)
James Rodriguez
> it’s at historic lows
doesn't mean it can't go to $7 or $5
Noah Long
Silver is currently losing some %
Do you know why and how much more it will retrace?
I want to buy some silver from my shop on monday but I think it will be higher than now.
I could reserve my purchase now online but then They have my name and address.
Liam Foster
silver is the absolute fucking worst here. it has fucking vat 27% on sale but you are shit out of luck getting that back hen you sell as a private seller.
so it has about 20% premium, some above spot % and 27% vat. you are already at 35% loss when you buy it. it can be 40% for some forms. so it may need to go up 66% for you to break even!! and there is absolutely no reason for it to go higher and there is a possibility to go lower.
i would like to murder every cunt that shilled me silver back in the days.
Brody Hughes
oh and inflation yeah inflation did i forget about that, breaking even nominally is not fucking enough to actually break even and what about opportunity cost? if i put the same amount in bitcoin... bitcoin was a few hundred usd back then.
Nathan Young
27% wow where do you live?
It is "only" 7% in my place.
I buy it as a store of wealth over the next years.
Not to make huge profits (which would be a bonus).
Jaxson Cooper
silver was shilled as under-priced i looked it up silver mines actually shut down for being unprofitable (estimate was around $21-$24 for general profitability for some major mines) some even started to buy up silver. turns out silver is a waste metal that comes form mining other metals on the side. so we don't even need fucking silver mines. turns out silver is actively suppressed by futures and getting morganed every day. not to mention what i said earlier.
i have no doubt silver will see an other spike in the future. it's almost like a law of nature, but if you will be at your money as opposed to index funds or not is absolutely questionable. and short term it just sucks ass.
Ryan Morales
>buying non-productive assets
You will NEVER make it.
Oliver Butler
It's at that level when you adjust for inflation
Jordan Martinez
this is the major issue with it.
eventually word gets out that x jackass has x amount of gold at his house
that attracts all of the violent drug addicts who home invade u one night
they make u open your safe
then kill you on the way out
this has happened almost ever since ppl began storing gold
and its the major reason why crypto is always going to be more valuable than gold
its just safer
Levi Powell
>telling anyone about your stack, ever
Cooper Garcia
bank wire for payment
local shop you buy from
there are enough people involved who can spread the word hoch much you bought.
>buying online
you bank guy can see into your account, if it is the wrong one he knows you have xx$ in PMs.
If it is a women you are fucked. That is a gossip mine.
Nolan Howard
>pays in cash at a reputable shop in a busy area
>buys relatively small quantities at a time
>takes a circuitous route home
Why the fuck would you tell a woman anything about your stash?
Isaiah Thomas
>people see you entering and leaving the shop
>with bad luck the same person sees you several time due to living/working near there
>the people inside the shop or the bank person watching over your bank account may be the one telling around. More likely if it is a women since gossip is currency.
John Cooper
Mirin that platinum bro
Austin Wilson
oh no looks like your precious gold and silver are crashing hahahahaha
Jacob Smith
which is pretty great because I wanted to buy this week, missed it and now I can get in cheaper.
Owen Morris
>Lower crude oil prices on the day are also a bearish "outside market" force hindering the precious metals.
Ryder Rivera
wat candy is that
Colton Morales
>world will undoubtedly end soon
>fiat currency and banks cannot be trusted
>buy btc and gold now
>do not buy a house that's for boomers
>muh gold stacks
>I'm safe *phew*
Brayden Hall
Ayden Bailey
If you're just about ready to retire right now, or want to convert your assets into something you can easily transfer to another state/country/jurisdiction, or you want some big chunk to hold onto because you think shit might go bad in the next year or two, sure thing.
If you're trying to build wealth, no. Gold is good for preserving wealth you've already established and protecting it from massive market fuckups, and it's good for moving your shit somewhere else without every foreign government salivating to take a cut.
Bentley Nelson
Best advice.
Eli Garcia
What if you’ve just had enough and want to opt out of the system?
Jason Parker
OP you don't need to convert it all (albeit the more the better). Put half in. Gold and silver are SOOO undervalued compared to other real assets because of the con fiat is.
50 ounces of gold will be generational wealth when the currency crisis hits.
Remember the old story of the hotel bellcap in Weimar Republic Germany who had 25 ounces of gold saved up and when hyperinflation hit he was able to buy an entire city block
Jacob Nguyen
But paper isn't wealth. And if a currency crisis has you will want at least 20k in gold and or silver. The reset it going to be sudden. Sure.... you don't need to put all your current wealth into gold now.... but your paper profits in stocks or whatever will evaporate in a currency collapse, then you'll be fucked.
Good news is you don't need more than 500 ounces of silver and 10 ounces of gold to have potentially generational wealth in a currency reset. So you should always have a monster box or two and 10 ounces of so of gold no matter what
Josiah Parker
The value of gold is as artificial as the value of shiny jewrocks. The fact jewflation of the world's jewbux won't hurt gold doesn't mean it's not till useless metal once the browned hordes are looting your farms looking for white women to rape.
The ability to produce food, water, ammo, and gasoline for your supercars are all that matters.
Carson Anderson
Jordan James
Checked
Dylan Ward
sounds like maybe it's better to keep some white women and guns around
David Young
Also invest in your body and health.
What will you do with that monsterbox if you are a limb wristed twink to weak to carry your PMs.
Brody Ramirez
if society ends gold won't be worth shit. Buy land that has water and farm it.
Jaxon Cook
Thats the entire point fuckwit....when the currency crashes you get land and property for pennies on the dollar for what it cost you to buy that gold in the fiat paradigm.
Like in venezuela where 1 ounce of gold buys you a home down there now.
Xavier Wood
>He invested in silver for short term gains
Michael Evans
Convert it and then smelt it into an egg form
... and then stick it up your butt so you can ley golden eggs
Jeremiah Price
Buying gold is a poor man's meme
Cameron Evans
But then you have to live in Venezuela
Anthony Bailey
BUY HIGH SELL LOW
Samuel Brown
Nice digits, but can you offer alternatives?
Colton Powell
Read the thread nigger. I don’t think things will go mad max and I’m locked out of the property market where I live because of reasons. I also don’t want financiers to make money off my money.
Cameron Richardson
Are those clad Kennedys? Lol poser.
Justin Nelson
Yeah anyone not a complete retard zombie borg tovot can tell standard cost has gone up 2-4x depending on sector.
Tech and electronic destractions are very cheap to keep massive passified while they’re fleeced, the Huxleyan aspect if our society, combined with a deluge if disinfo.
Everything else is extremely Orwellian, almost to a T. 80/20 1984/BNW split, its insanity people don’t see it.
“No inflation again this quarter.” Head of lettuce now 1.50 usd on sale!
Nolan Perry
>fallout fantasy
god why do you morons shit up threads
Daniel Cox
what does this chart mean? Explain it to a retard like me
Joshua Rodriguez
doesn't matter what reason you invest in silver for you will get fucked. it's not an investment it's not even a store of value it's a fucking speculative asset actively suppressed by big money. just buy any blue chip crpyto it will outperform silver in any 3 year period.
Landon Wilson
unallocated storage at the Perth Mint is a good option buy/sell prices are very close to spot and no storage fees, they promise they always have enough in the vault even if every customer demanded physical delivery at the same time
Dominic Jenkins
Sure LOL
Michael Gomez
>any 3 year period
are you dumb?
Ryder Miller
No u
Something nobody says in these gay gold threads is that gold is a fear investment. The s&p dipped a little this week so it's a shitty time to buy gold. Let us have 2 or up weeks and gold will dip, then you buy if you must.
Basically you're gambling for a crash which maybe comes eventually but are you getting a good return waiting? No, you're being a pussy faggot doomer.