Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Marketwatch)   /w\   (marketwatch.com) divider line
    More: Followup, Investment, Mutual fund, U.S. dollar, Gold futures, Retirement, Latest, lowest level, Pension  
•       •       •

1128 clicks; posted to Business » on 06 Jul 2022 at 4:53 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



19 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-07-06 5:35:53 PM  
It's recession proof.
 
2022-07-06 5:40:23 PM  
miro.medium.comView Full Size
 
2022-07-06 5:45:45 PM  
bUt ItS gOt So MaNy InDuStRiAl UsEs!!1
 
2022-07-06 6:38:42 PM  
And then there are other commodities, like frozen orange juice... and GOLD. Though, of course, gold doesn't grow on trees like oranges.
 
2022-07-06 6:45:30 PM  

Intrepid00: It's recession proof.


i thought only crypto had recessions.    that's what fark said anyway.
 
2022-07-06 6:54:54 PM  
Au, man!
 
2022-07-06 7:03:24 PM  

Linux_Yes: Intrepid00: It's recession proof.

i thought only crypto had recessions.    that's what fark said anyway.


No, we said crypto was worst than literally any other thing of value because it has no value.
 
2022-07-06 7:23:18 PM  

Intrepid00: Linux_Yes: Intrepid00: It's recession proof.

i thought only crypto had recessions.    that's what fark said anyway.

No, we said crypto was worst than literally any other thing of value because it has no value.



https://www.weforum.org/agenda/2021/10/how-blockchain-can-help-combat-threat-of-deepfakes/
 
2022-07-06 7:36:20 PM  

Intrepid00: It's recession proof.


I've heard this a bullion times, and I still don't karat all.
 
2022-07-06 7:38:37 PM  
...which is good news. People buy into precious metals because neither stocks nor bonds seem attractive (or that both types are going to hell in a hand basket). If precious metals are not going up in price, that means people are putting their money into other investment vehicles.
 
2022-07-06 7:44:20 PM  

buckeyebrain: And then there are other commodities, like frozen orange juice... and GOLD. Though, of course, gold doesn't grow on trees like oranges.


I rewatched "Trading Places" last weekend, so I was about to quote that movie, too.
 
2022-07-06 8:40:53 PM  

buckeyebrain: And then there are other commodities, like frozen orange juice... and GOLD. Though, of course, gold doesn't grow on trees like oranges.


c.tenor.comView Full Size
 
2022-07-06 9:24:07 PM  

dericwater: ...which is good news. People buy into precious metals because neither stocks nor bonds seem attractive (or that both types are going to hell in a hand basket). If precious metals are not going up in price, that means people are putting their money into other investment vehicles.


I buy silver from the metal exchanges to make jewelry. It's the cheapest way to get it.
 
2022-07-06 10:37:46 PM  

Mail Order American Husband: dericwater: ...which is good news. People buy into precious metals because neither stocks nor bonds seem attractive (or that both types are going to hell in a hand basket). If precious metals are not going up in price, that means people are putting their money into other investment vehicles.

I buy silver from the metal exchanges to make jewelry. It's the cheapest way to get it.


Do you actually get the metal?

I remember listening to an NPR show on finance (2010?) and they were talking about buying a barrel of oil. They actually bought a barrel of oil. The question was how was that oil going to get them. I think most commodities, when bought on the market in extremely small quantities, is like buying an NFT of said commodity. You just get a piece of paper indicating that you bought the commodity. It's not delivered to you, and you can't even pick it up.
 
2022-07-07 12:10:13 AM  

buckeyebrain: And then there are other commodities, like frozen orange juice... and GOLD. Though, of course, gold doesn't grow on trees like oranges.


Looking good, Louis!

Feeling good, Billy Ray!
 
2022-07-07 12:21:24 AM  

Linux_Yes: Intrepid00: Linux_Yes: Intrepid00: It's recession proof.

i thought only crypto had recessions.    that's what fark said anyway.

No, we said crypto was worst than literally any other thing of value because it has no value.


https://www.weforum.org/agenda/2021/10/how-blockchain-can-help-combat-threat-of-deepfakes/


Translation: NFTs lol
 
2022-07-07 12:26:41 AM  

dericwater: ...which is good news. People buy into precious metals because neither stocks nor bonds seem attractive (or that both types are going to hell in a hand basket). If precious metals are not going up in price, that means people are putting their money into other investment vehicles.


In theory, but it still relies on Gold's biggest weakness for its value. That someone will come along and pay you just as much or more because its gold. It's greater fool theory but at least with something that is rare and does have some limited industrial use mostly in processing unit, but you'll probably have more value in the copper for your heatsinks.
 
2022-07-07 1:40:40 AM  

dericwater: Mail Order American Husband: dericwater: ...which is good news. People buy into precious metals because neither stocks nor bonds seem attractive (or that both types are going to hell in a hand basket). If precious metals are not going up in price, that means people are putting their money into other investment vehicles.

I buy silver from the metal exchanges to make jewelry. It's the cheapest way to get it.

Do you actually get the metal?

I remember listening to an NPR show on finance (2010?) and they were talking about buying a barrel of oil. They actually bought a barrel of oil. The question was how was that oil going to get them. I think most commodities, when bought on the market in extremely small quantities, is like buying an NFT of said commodity. You just get a piece of paper indicating that you bought the commodity. It's not delivered to you, and you can't even pick it up.


And sometimes a barge shows up unexpectedly.

https://thedailywtf.com/articles/Special-Delivery
 
2022-07-07 7:49:56 AM  
If my options are a lump of metal in a hole or an apartment I can get a profit from, I'm going to get into the apartment.
 
Displayed 19 of 19 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.