Thread 60809166

I have mindlessly spent money on stupid things as steam etc for a decade. Now I have stopped this and started saving money. Is there a good investing opportunity in the near future?

It's a good hedge against stocks because usually when stocks dump ETFs pump

>>60809166 (OP)
Silver is going to go to one thousand an ounce and gold will be going to sixteen thousand an ounce. Thought at that point the dollar will be in a hyperinflationary environment. It will lead to the come having paper silver contracts being sold for mere pennies, but nobody will want to buy, while physical ounces of silver will be incalculable in value, but nobody will want to sell. But this isn't financial advice do whatever you want. I'm sure you can make money on BTC before they pull the rug

>>60809229
>Silver is going to go to one thousand an ounce
>physical ounces of silver will be incalculable in value
Which one is it?

>>60809166 (OP)
Gee anon, people devote their entire careers to answering this question. Maybe a bunch of basement dwellers aren't the best people to give an answer.

Buy silver and gold if you ou want to be humble and safe. Buy Bitcoin and s&p portfolio if you want fast profit but it's coming to an end. We just don't know when. Probably 3-5 years and stocks, Bitcoin and fiat will be worthless.

>>60810119
Kek pmg baggies
Im sure a share of companies making profit will go to zero but ahiney rocks that dont do anything will save you. Stay poor

>>60809229
Gold is going to 10k minimum over the next 4-5 years and silver will still be under $100. (((They))) can’t allow silver to go up in price because it’s a utility token with too much industrial value. With tariffs already raising the prices of electronics, expensive silver would make it even worse, so they will continue to “tamp it down”. Gold on the other hand is a pure memecoin that can just pump forever

I got rich buying silver

>>60810451
They can play with numbers as much as they see fit, but at some point the reality have to set in. If there isn't enough silver for everybody then prices will have to mechanically follow. They wont pump it, but they can't deny reality eternally either.
Back in 2005 the industrial demand for silver was 130Moz, now 20 years later it's 680Moz. If we keep like a 7-8% annual growth demand from industries alone, in another 10 years we will be at like 1200Moz.
But in the meantime back in 2005 we mined 800Moz/y, today we still mine 800Moz/y, and in 10 years we will most likely still mine 800Moz/y, since it's mostly byproduct.
What will happen then?

Don’t listen to these retards on /biz/. They are gamblers, not investors. Gambling in crypto or precious metals, pretending that one can ever know that the price of something will always “go up” is not investing. Instead, buy shares in index funds—you are buying the market and get 10-12.5% returns a year—double your money in 8 years. Look up Bogleheads on Jewgle

>>60812823
Point is, crypto-tards and metal-tards all pretend they know the future of the markets. They don’t. No one does. Laughably, they don’t understand reversion to the mean in the market: gold, for instance, if it is high or low, is always going to revert to its long-term inflation-adjusted average price—at some point, though we can’t see when exactly. Just because its price has gone up recently does not mean the price will keep going up. Crypto-tards and metal-tards believe it will, though. They probably don’t believe in thermodynamics either. What’s worse about crypto is it’s so young you can’t even calculate a long-term price for any cryptocurrency yet. Anybody “invested” [gambling] in crypto, invested in it without any clue as to what that long-term average price is. He tells himself the price can only go up, but not only is it impossible for growth to be limitless, the price can just as well go down in the future. For all you know, you could be buying ABOVE what can later be calculated as that long term average.

>>60809229
I honestly still do not see the value in a shiny rock if the entire system collapses.

>>60812902
It's you versus 6000 years of recorded human history.

>>60809229
There's a fucking abundance of silver. That shit is in everything. It's not going to $1k an ounce

>>60810492
>isn’t enough silver for everybody
lol there is no demand, most mined silver is byproduct of other metal mining. where do u schizos come from

>>60814258
>there is no demand
There's been a defeceit for the last half decade. And with the growth of data centers, solar and nuclear power it'll only keep growing.

>>60809166 (OP)
I was the same buying games and stopped and got serious about investing about 10 years ago. 30% treasuries 60% dividends 5% crypto 5% pm, with a qyarterly rebalance. PM imo is real wealth as you physically hold onto it. I view all my investments as a medium to make PM. Tangibles are under rated, land real estate, guns, I've never lost money on these. Im about to pay my house off next year, but the lot next to me is up for sale and im thinking about snagging it to 20x my land. I use a simple strategy of cutting back on my expenses, living on 40%, investing 60% and then whatever dividends are spit back each month I use to spend on discretionary. I am 36, out of debt, and the wife gets it now, it took sacrifice, but her and i are happier than ever. I have never felt more secure. If youre not out of debt, thats your investment for now. Then try what I did.

Baffling how no one suggested LINK.

>>60815358
OP said he wants to get away from spending money on garbage

Not sure why this shit is being marked but oh well.