Redpill me on gold Veeky Forums

Lunatick
Lunatick

you buy gold as a hedge, so that if ALL your other investments (ie the ones that are supposed to make money) go to shit and fiat money collapses (ie greece) then you have a back up that can be traded for a currency or product that still has value.

sometimes you can make a modest profit, but thats not really what you should be doing with gold.

Soft_member
Soft_member

Physical gold is meme-tier

go learn the definition of "meme" you retarded fuck.

again, you dont buy physical gold to turn around and sell it, you buy it because it retains its value when everything else is going to shit and its easy to store forever.

Gigastrength
Gigastrength

you should also point out that many firms will sell paper for gold they dont physically have, so you might as well be buying currency at an inflated value but without the government backing.

a good portfolio is diversified and should include AT LEAST 5% physical precious metals

Stark_Naked
Stark_Naked

I think because Veeky Forums was created as a shitcoin containment board, almost everyone is in the mindset of short term profit making, day trading and "to da moon" which doesn't really work with (physical) precious metals. I would take literally no financial advice from Veeky Forums. EVER. That's not saying there's not actual knowledgeable people here, but they're a grain of sand amongst a vast beach.

takes2long
takes2long

I never sold my DOGE. No idea how I let that slip.

PurpleCharger
PurpleCharger

i would take no advice from....

im normally on /k/ and wouldnt take advice from any board except /mu/, and then only because you can at least sample suggestions for free online.

askme
askme

Gold pill me on red, Veeky Forums.
Is it better than black?

haveahappyday
haveahappyday

Silver is lagging behind gold, so hop onto the train fast! You still won't make as much as if you'd invested in it about half a year ago, but it's still a great investment.

StonedTime
StonedTime

I am not at all into investing and stock markets and whatnot, but would it be a good idea to buy gold from leftover money I have after monthly expenses?
As in, don't put it in the bank but actually 'save' gold and sell it when I am in a pinch for money?

eGremlin
eGremlin

Note: I don't want to profit, I am looking to buy something that I can sell (preferably for a similar or higher price) when I need money,

TreeEater
TreeEater

If world politics gets worse: yes
If world politics gets better: no

That said, world politics looks like it might get shittier, so maybe. That's literally the best analysis you're going to get for gold. Everyone else will tell you the exact same thing, but with fancier words.

Sir_Gallonhead
Sir_Gallonhead

somebody will probably show up and take it with a gun if that happens.
That's retarded. Why would you need gold if you already had a gun? Leave the gold, take food, water, fuel & the like and you're set.

Raving_Cute
Raving_Cute

bought one Oz today plus 1 kg silver

Methshot
Methshot

Are you talking about stealing it?

Stealing from rich people isn't easy, it's not like a random faggot can get in and out with all the gold/money. You need a (competent) team.

VisualMaster
VisualMaster

Yes you are too late.

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