Alright Any Forums. I need you fuckers. So lemme give you some backstory here before I get berated, but it's whatever, respond (if you like),how you want.
Had a little hiccup on the path of life in 2012, missed the cryptoboom, got back on track in 2021, now piecing my life back together, wagecucking it out. Fortunately, my wagiecagie job is a cushy wagiecagie job, so I have time to dick around on my phone (what I'm doing now), and I'm trying to educate myself on financial systems, and how to avoid the impending bust, which, it will bist, let's face it. 2008 wasn't pretty, the next one will make that look like a cakewalk.
Basically, in my mind, it seems only reasonable to try to stack up some actual physical gold and silver to pad my landing when the plane goes down. But, being a present wagecuck, how do I get by with the basics (which seem to get more expensive daily) and pack my parachute? I already live as cheaply as I can, there isn't much else I can cut out of my life. eyond taking a second wagecuck job, and I already work 10 hours a day. Not feasible, I'll break myself down and fuck everything up.
Got any advice for the wagecuck, NOT TO GET RICH/WEALTHY, but to secure his future? Much appreciate if you do.
> inb4 fuck off faggot
> inb4 wagiecagie memespam
> inb4 OP can't inb4
Alright Any Forums. I need you fuckers. So lemme give you some backstory here before I get berated, but it's whatever...
You need to live in a car save every penny wait for a 2008 like crash and go all in on cryptocurrency
PMs are shit for multiple reasons. They can be stolen or and seized (especially if you buy kilo+ units of gold which sellers WILL report to the govt.) You will pay premiums on purchase and sell at spot, meaning you will likely lose money unless the value shoots up dramatically, which it won't because nowadays investment banks hold large paper PM holdings and use them as collateral, meaning in any significant downturn, the price of paper PMs dumps along with the rest of the market. It will *typically* recover faster than the rest of the stock market, but this means it's pointless and counterproductive to buy before the market dumps.
>They can be stolen or and seized
private keys can be stolen or seized and in practice most of them are not derived in a secure setting.
>You will pay premiums on purchase and sell at spot
"premiums" just reflect the difference between the real physical market and the fake etf market which probably not fully backed. it's your call whether or not you sell at any given price.
personally, i'd also look to platinum. it wouldn't take much extra demand or decrease in supply to make the price soar. and this isn't to say one shouldn't buy crypto, but i see nothing wrong with PMs. at the very least, they seem like a great hedge considering the slowly-but-steadily increasing uncertainty of dollar as a reserve currency.
Would you like to poop on my chest
Too long; didn't read
i hate these low IQ stock images that show 1000g of gold and silver being the same size
Didnt read your blogpost *farts*
That image is retarded. Silver is much less dense than gold, so a bar of the same weight should be much heavier.
I weathered 2008 as well.
Don't buy into the bubbles (muh car shortage, cartoon housing prices - which are more expensive now than commercial real estate, etc)
Always have a savings.
>But muh inflation - just spend it all!!
There will be a rugpull and everyone will be left pinching their pennies and in a nasty hangover.
No debt is good debt.
Useful, thanks.
Useless, thanks anyhow.
If you can't afford much then buy 1/10oz gold coins or silver dimes (preferably mercury dimes). If you ever end up in a situation where you need to spend it, you'll want smaller, more divisible pieces. Those guys that talk about having to cut up your gold bars to pay for a sandwich aren't wrong..
Your pic is fucking stupid. Gold is more dense than silver so at the same weight gold bars will be smaller
>you'll want smaller, more divisible pieces
Devils advocate, I prefer 10oz or 100oz bars.
If I'm so hard up I can't buy a sandwich, going down to a coin shop and trading a big bar will give me the breathing room I need.
Having to convince a braindead citizen to buy a coin I allege to be silver sounds like hell.
yes
PM's are great for deleveraging high net worth portfolios. Small fish like us just end up with 2x our investment at best, so the liability ends up being a factor.
Sure $20 is $20 in my eyes
>No debt is good debt.
This is the biggest factor, go into a slump with zero debt and you wont get the god-given shit fucked out of you when things get turbulent. If you currently have a cushy job stop getting on here and use your time to learn about a subject that will give you better returns. It's an ugly truth but you won't break out of your bracket unless you are extremely lucky, or able to make larger bets (10-20k). Keep saving and try to reduce your cost of living with micro-theft. Only steal what you can pay for if you get caught, the amount of stuff I have "forgotten to scan" over the years is surely over 10k in value.
>a bar of the same weight should be much heavier
user, it's the molecular density. A pound of feathers take up more space than a pound of lead.
>forgotten to scan
Doesn't the machine recognize a weight difference?
>No debt is good debt.
I am 6 figures in debt but with an 8 figure portfolio as a result of it. Was that debt a bad idea? It's at low rates (2-4%) and of indefinite duration.
All serious business and investing is done with borrowed money.
OP here who the fuck cares, it's not about the fucking picture,it's the intent behind the picture which was relative to my fucking inquiry, you fucking clown.
Good advice. Thanks.
Jesus fuck...
But steel is heavier than feathers...
A debt free life is worth being materially poor. I can’t tell you how much I manage to enjoy my life more without debt. Debt is just not worth it