Is gold a good investment?
Is gold a good investment?
Jeremiah Gray
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Oliver White
Omfg this is the 100000th thread in the past couple of days.
Gold is savings. You won't get rich with gold you'll keep your purchasing power in the long run. Going all in gold is just as retarded as going all in crypto or anything else. In a recession, gold will get raped just like anything else. Cash will be the King.
Thomas Flores
this.
Asher James
Cash will be worthless soon
Owen Reed
Your argument is flawed basing on a historical projection which is no longer the case for gold. You need to look at what is the world doing, gold does not follow your economic cycle but rather the events of the world. Look at what China is doing and what the trade war mean.
Asher Stewart
Soon yes but not during the next crash.
We are heading towards the dedollarization but not necessarily defiatization. A new hegemon is growing in the east. According to history, this will end up in a war with 85% probability. Trade war is the first step of it. If it continues the way it is going, we will start to see autarky, which is the self sufficiency of production in countries, which also is the necessary step before a war.
This board has a confirmation bias towards crypto and is anti-establishment, which I understand and am a part myself. However, establishment is strong boys and they won't just give up their power like that. We still don't know what's in the sleeves. We have no clue how to live in a shrinking economy due to shrinking population. We don't know where we will head with negative interest rates. Our best guesses are coming from the gold bugs but never underestimate the surprising power of markets.
Tldr: don't assume that things will go the way gold bugs believe it will go and don't put all your eggs in one basket.
Nicholas Ramirez
Gold is a gold investment, but it is definitely not a good investment.
Luke Thompson
No more than 5-10% should be in physical metals. Its not gonna make you money as much as it will protect your money. In 30 years silver will probably around 100 bucks, which is over 5x, but the purchasing power wouldn't be 5X
Wyatt Moore
if you want to make money with gold, invest in gold mining stocks, i.e. DRD gold did +80% the last 4 month
Nathaniel Sullivan
A consumer driven society can't afford to use something of lasting value as a currency, it has to lose value so people will spend it instead of hoarding it.
Joseph White
>A consumer driven society
Hunter Price
Charles Rivera
This has been the model post-WW2. We’re in the late stages now.
Hunter Evans
Better than crypto topic, unless with gold we have some discussion
Jonathan Ramirez
Levi Anderson
Gold is not an investment. Gold is money.
Justin King
okay josh
Jaxon Murphy
I think so
Owen Wright
>Cash will be the king
Not gonna make it
Kayden Nelson
>Cash will be the King.
Imagine to be saying this at the very end of the central banking scam implosion.
Owen Morales
It’s a global least dirty shirt type of thing. You’ll see.
Jordan Ward
What now?
Isaac Gutierrez
In times of crisis people all over the world buy US dollars. Fair warning, this works until it doesn’t but the reality is that there are no other good options. Maybe crypto someday, but by then it may be yuan or some other goddamn thing. For now though, USD is perceived as the safest asset there is when shit hits the fan.
Jackson Hill
bought physical gold bars and crypto in 2017. Gold is 20% up crypto is 90% down.
Eli Garcia
He’s a spic or Russian using speech to text input. He said globalist. Not global least. Software can’t tell though.
Brayden Baker
I dont give a shit what people across the globe are doing. I care what the elite are doing and that is accumulating precious metals, and now getting into crypto. Fiat has always failed and our current financial paradigm will be subject to this as well.
Luis Cox
Yes, the only true money in the world.
Jacob Moore
>going against 5,000 years of history
>doesn't believe in the golden bull run
sad
Lucas Gonzalez
>autarky
I WANT THIS SERVED THIS THANKSGIVING
Colton Wilson
>only true money in the world.
>if you want to buy anything with it, need to covert to fiat
Kek
Carson Perez
Silver, Gold, Link
This is the trinity to making it.
Holding dollars or any fiat is the equivalent to financial cuckoldry.
Samuel Wilson
No, I actually meant global least dirty shirt. I’d also wager I’m more erudite than you Cletus.
Austin Cruz
no, asteroid mining.
Parker Powell
>DUDE JUST BUY ROCKS LMAO
James Rivera
>Holding dollars or any fiat
You should have at least 10k in case of emergency where you need to run out and buy things really quick
Gavin Stewart
@telecoin Our token is being part mined to maximise the return for the most loyal nodes in the TeleCoin network.The 2.5 million tokens will beminted in just under 3 years and the reward paid out per block mined will be 0.8409 TELE.Before the 2.5 million TeleCoin have all been rewarded through campaigns. check out they website telecoin.info
Jayden Kelly
Reminder that historically, Gold/silver always goes 20 years without beating inflation then has a random pump. You got your random pump in 2015ish. Have fun holding rock bags while stocks and bonds go up
Adrian Ward
Gold is a store of value, you dumb nigger. You hold more gold in your portfolio when you can't find investments, and less when you can find good investments.