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(CNBC)   As gold crosses $2000 for the first time, some say it could rally to $4,000 by fall unless a we have a vaccine. Which is silly, every investor knows when a civilization killing pandemic hits you stick with the "Three A's": Ammo, Antibiotics and ATVs   (cnbc.com) divider line
    More: News, Gold, Monetary policy, Precious metal, Investment, Gold prices, Vaccine, November U.S. elections, Hillary Rodham Clinton  
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224 clicks; posted to Business » on 10 Aug 2020 at 9:32 AM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



28 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-08-10 10:00:45 AM  
Anybody telling you to buy gold is trying to sell gold.
 
2020-08-10 10:04:12 AM  
It's beans, bullets, and booze.

And if you're collecting metal for the apocalypse, silver is more useful, as cups and utensils made from it are naturally antimicrobial.
 
2020-08-10 10:05:45 AM  
Make friends with a gun-toting (licensed) pharmacist. Have some skill of value for when the endtimes come so they doesn't shoot you and take your food to put in storage with their stock bottles of acyclovir, amoxicillin, azithromycin, cephalexin, doxycycline, fluconazole, penicillin, sufameth/trimeth, valacyclovir, and vancomycin.

/opioids are for trade/emergency only
 
2020-08-10 10:06:37 AM  
This explains the huge mining scramble for the Arctic, Greenland, and Africa, much of which stays out of the news.   Rich deposits, cheap labor, and token regulation is what the billionaire in the 21th century crave as a hedge against inflation which being able to substitute something for oil.
 
2020-08-10 10:13:18 AM  

kittyhas1000legs: Make friends with a gun-toting (licensed) pharmacist. Have some skill of value for when the endtimes come so they doesn't shoot you and take your food to put in storage with their stock bottles of acyclovir, amoxicillin, azithromycin, cephalexin, doxycycline, fluconazole, penicillin, sufameth/trimeth, valacyclovir, and vancomycin.

/opioids are for trade/emergency only


find a cave where bats live, know where your local sulfur deposits are, hoard charcoal.   Learn how to load and fire a muzzle loader and hunt with a bow.
 
2020-08-10 10:19:38 AM  
Did Glenn Beck write this?
 
2020-08-10 10:36:36 AM  
Smarter investors know the difference between antibiotics and antivirals.
 
2020-08-10 10:45:58 AM  

kittyhas1000legs: Make friends with a gun-toting (licensed) pharmacist. Have some skill of value for when the endtimes come so they doesn't shoot you and take your food to put in storage with their stock bottles of acyclovir, amoxicillin, azithromycin, cephalexin, doxycycline, fluconazole, penicillin, sufameth/trimeth, valacyclovir, and vancomycin.

/opioids are for trade/emergency only


This is used for a monkey bite. I did not know this until recently when I saw the script for it.
 
2020-08-10 10:47:27 AM  

veale728: Did Glenn Beck write this?


My first thought as well.

My FIL had a co-worker who took the buyout option on his pension and watched Fox News regularly.  He converted 100% to gold after watching Glen Beck.  He lost 35% in the first few months, then sold at the bottom.  Another blew it on their supervisors failing bar/restaurant and got totally screwed in the bankruptcy.

/Who knew your average Joe/Jane American isn't informed or rational enough to manage a retirement account?
//Pensions and single payer health care are for commies, obviously.
 
2020-08-10 10:47:45 AM  

casual disregard: Anybody telling you to buy gold is trying to sell gold.


Is there anything I can buy that doesn't have a seller?
 
2020-08-10 10:50:15 AM  

Zeb Hesselgresser: casual disregard: Anybody telling you to buy gold is trying to sell gold.

Is there anything I can buy that doesn't have a seller?


Cute but I'm pdang sure you knew what i meant.
 
2020-08-10 10:50:40 AM  
If you're concerned about inflation, then put money in stocks because they'll inflate too and you'll get a dividend.  Gold doesn't pay a dividend.
 
2020-08-10 11:04:01 AM  

Zeb Hesselgresser: casual disregard: Anybody telling you to buy gold is trying to sell gold.

Is there anything I can buy that doesn't have a seller?


Trump's bullshiat.
 
2020-08-10 11:05:43 AM  

Private_Citizen: beans, bullets, and booze.


That is all.
 
2020-08-10 11:07:17 AM  
Liquor, gold, and ammunition.
 
2020-08-10 11:08:20 AM  

casual disregard: Zeb Hesselgresser: casual disregard: Anybody telling you to buy gold is trying to sell gold.

Is there anything I can buy that doesn't have a seller?

Cute but I'm pdang sure you knew what i meant.


No doubt.  One time, this came my way . . ., buy some, it's the tits they said

 
encrypted-tbn0.gstatic.comView Full Size


And they were right!
 
2020-08-10 11:51:19 AM  

Northern: veale728: Did Glenn Beck write this?

My first thought as well.

My FIL had a co-worker who took the buyout option on his pension and watched Fox News regularly.  He converted 100% to gold after watching Glen Beck.  He lost 35% in the first few months, then sold at the bottom.  Another blew it on their supervisors failing bar/restaurant and got totally screwed in the bankruptcy.

/Who knew your average Joe/Jane American isn't informed or rational enough to manage a retirement account?
//Pensions and single payer health care are for commies, obviously.


Just because the average moron can't manage their retirement is no reason to ruin it for those of us that can.
 
2020-08-10 12:03:15 PM  

OldJames: Northern: veale728: Did Glenn Beck write this?

My first thought as well.

My FIL had a co-worker who took the buyout option on his pension and watched Fox News regularly.  He converted 100% to gold after watching Glen Beck.  He lost 35% in the first few months, then sold at the bottom.  Another blew it on their supervisors failing bar/restaurant and got totally screwed in the bankruptcy.

/Who knew your average Joe/Jane American isn't informed or rational enough to manage a retirement account?
//Pensions and single payer health care are for commies, obviously.

Just because the average moron can't manage their retirement is no reason to ruin it for those of us that can.


This.

All of this.

I converted most of my excess fund account to an economy shiatting out fund about 2 months ago. It's doin quite swell right now.
 
2020-08-10 12:57:08 PM  
I can't recall a time in my life when I wasn't hearing ads about how it's the perfect time to buy gold.

/some experts say....
/what Big [insert industry here] doesn't want you to know!
/here's random actors with regional accents who'll tell you how well our product worked for them
 
2020-08-10 1:36:16 PM  
One thing I have come to learn about the market is if you hear about investing something on TV or radio that is the time you should be selling that stuff.
 
2020-08-10 1:37:11 PM  
Only those A's?

AU Really?
 
2020-08-10 1:51:38 PM  
Bought an ounce earlier this year for 1600, for shiats and giggles. Had never bought gold before so I've been pleasantly surprised with gold's wacky surge this year.

My gamble was purely that Trump would contest the results of the election and that that chaos would drive people away from equities and towards gold. I don't know if that event has been priced into the market yet. So I plan on selling this gold mid November, whenever chaos is reigning supreme.

But yeah, gold is usually a shiatty investment that pays no dividends. If you really want exposure buy an ETF that has a basket of precious metal mining stocks.
 
2020-08-10 1:53:21 PM  
The weird thing about this virus is that is specifically not an end-of-the-world trigger; in fact, it almost goes out of it's way to be non-apocalyptic.  It only kills old people en masse; it basically does not harm children (enter 1047885797895 people arguing with me here, but it's true), and it barely harms working age adults.  Almost all of the death and serious sickness is from retirees (65+).  Almost all of the serious cases or deaths from people under 50 are from people with pre-existing medical conditions and front line medical workers who have gotten multiple mega exposures to the virus.

It's basically designed the opposite one would design a virus to be apocalyptic or as a bioweapon to cripple an opponent's ability to attack you.  A primary target for an useful bioweapon would be working age adults, a secondary target would be children (if you are thinking long term).  Old people would be last on the list.
 
2020-08-10 1:56:42 PM  
The water is finally low enough for me to get back on my gold claim.
I'm gonna be farking rich this year.
 
2020-08-10 3:54:41 PM  
Bought 500+ ounces of silver last summer at $14.50. Not everyone in the metals markets is a moron.
 
2020-08-10 5:01:33 PM  

duke3522: Bought 500+ ounces of silver last summer at $14.50. Not everyone in the metals markets is a moron.


I bought some physical last month at $18.15/oz spot. Gone straight up since.
 
2020-08-10 8:39:27 PM  

AsparagusFTW: duke3522: Bought 500+ ounces of silver last summer at $14.50. Not everyone in the metals markets is a moron.

I bought some physical last month at $18.15/oz spot. Gone straight up since.


duke3522: Bought 500+ ounces of silver last summer at $14.50. Not everyone in the metals markets is a moron.


I bought about 1.5 tonnes of gold for $50 last year.  HAH! I win!
/mixed in with 80,000 m3 of dirt...
 
2020-08-11 10:27:38 AM  
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$2000 gold crosses? you're paying too much, man. Who's your gold cross guy?
 
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