Thread 60659555

Good investment?

>>60659555 (OP)
nope

it's the BEST investment

>>60659555 (OP)
only up to 5% of your net worth. Start with holding 25K into fiat before diversifying.

>>60659555 (OP)
relatively speaking? no. there are better opportunities to make money.

>>60659560
>>60659561
hi poorfags

>>60659555 (OP)
>>60659557
>>60659560
>breaks into your house and throws mercury all over your "precious metal"

>>60659555 (OP)
>The BRICS are buying it
>The banks are buying it
>The billionaires are buying it

No, keep buying crypto

>>60659566
precious metals are literally non productive assets. If you only have 25k you're better off with more lucrative investments until you can just throw 5% into metals on any given day.

I started in 2019 and only hold 3 ounces of gold. It's meant as a hedge not as a way to keep the majority of your wealth into.

>>60659588
shut up, poorfag

>>60659594
>hey I know the total is 35 dollars but I only have this gold bar on me. Would you mind if I started shaving a few grams on the counter to pay for it? Hello.... Hello?

>>60659560
>retarded boomgroid advices
Wake up papi, even mummified geriatric (((financial advisors))) from wall street now preach for a 20% allocation on PMs (they only mention gold ofc).
They invent completely lunatic jewish bullshit about "commodities supercycles" and others lies, but the truth is they consider 20% enough of a guarantee for their rich clients to not go after them once the eurodollar goes tits up and every USD sponge (nasdack, bonds, US traded etfs, btc, etc...) become worthless.

It's their life insurance against the debt bubble burst, and they raised their premiums by x4 (from 5% to 20%).
I really hope for you you have more than 5% of your NW in gold. But looking at your post, you don't have long left on this earth. Farewell gramp.

>>60659621
sure you can do 20% if you have enough capital to throw at it. It's just not the most productive asset for wealth generation.

>>60659588
Absolute retard. Gold has been a huge tear since 2019 that’s hard to beat with “lucrative investments” with risk free safety on top.

I’m fed up with the retards who say it only keeps up with inflation in usd terms. It’s blown away the CPI number that’s reported. There’s speculative flow and fucking central bank flow. And it helps you sleep better at night

>>60659628
gold bugs are really coming out of the woodwork, no schlomo. I'd rather prepare for the silver short squeeze.

>>60659633
Gold bug implies other precious metals, you plebian

>>60659626
>It's just not the most productive asset for wealth generation
This betray a static vision of the world and thus long term planning. Things are getting wild fast, real fast these days.
Being risk averse is financially penalizing, yes, but at this point in time it's important to have a really SAFE support. I'd advise to any youngster to have $20K in PMs before he ever start to think about investing anything else (unless some miraculous opportunity present itself). Only once their gold matress is ready they can wander around in muddier waters. But this 20K might save their lives, it's priority uno. Plus for the past few years it outperformed most others assets, so it's not that detrimental.

>>60659567
>gets shot
TND

>>60659555 (OP)
checked
pampeet

>>60659663
You're not wrong there.

>>60659678
glad we agree on this, not that i ever managed to convince any zoomer irl to do so kek.

>>60659555 (OP)
Most of the world agrees that it is.

>>60659588
I earn a monthly yield on my gold and silver.

>>60659555 (OP)
Yes, but only if your investing time horizon is 10+ years. PM's are a long term wealth preservation vehicle, not a short term speculation.