Everything is expensive... Crypto... gold and silver... stocks... real estate. How the fuck is a poorfag supposed to cope in these times? Even fucking FOOD is expensive. Tried buying a steak from the supermarket lately? Some cuts cost as much as a new videogame. this is insane.
How do poorfags cope?
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just kill yourself op
>How the fuck is a poorfag supposed to cope in these times?
>Wants to buy steak
You are trying to live outside of your means, bro. Stop doing that. Evaluate how many monthly automatic purchases you have, how much you spend on entertainment and shit. I buy 0-1 video games per year and eat at a restaurant once per 6 weeks. I make ~74K per year.
Maybe get a job instead of being a neet
why aren’t wages expensive, shits fucked
it's not
you have to analyze it in the context of compared to what
for example you can buy 1% of circulating supply of CAP for only $36k
every CT influencer is accumulating it and waiting for the beta launch to start shilling it
get in before that and you will make an easy 100x faster than you think
proof
yeah i noticed this too man. if you learned anything about our money system the first thing you notice is it makes you keep working. $100K is a good amount in 1995, but in 2020 you cant get shit with the same amount.
>buys steak,
eat canned tuna you stupid fag
canned tuna is pretty expensive....
gold and expecially silver aren't expensive they are priced at historic lows, crypto is also cheap if you believe they will be adopted
what are you talking about user, and food isn't an investment just buy bulk proteine its dirt cheap
gold and silver are at ath
Poor mentality lmfao 6 weeks once at a restaurant bro wtf live a little
I wish I had 100k right now
You were born into the slave caste. You need capital to make capital unless you get extremely lucky which is why people here are obsessed with crypto
silver isn't in absolute value
in relative value measured against share of s&p 500 or real estate precious is at near all time lows
isn’t the supposed advantage of PMs that they hold their value relative to other assets over time?
same here man, but its really not going to get you anywhere. back in 1995 you could buy a house with that amount (that same house is probably worth 200k-300k now). 100k will get you a house in the middle of bumfuck nowhere, probably filled with meth addicts.
over very long times or during times of general distress
during times of economic good times productive assets gain more
the recent money printing has pushed stonks to rather ridiculous highs and precious to lows, expectations are both shall return to more historic averages
but it isn't in dispute that during the giant bullrun of ~1982 to present day stonks were the best bet
OP: All you have to do to get rich is buy GDXJ, SILJ, and possibly some small-cap miners if you feel like it. I promise you that. Look at the stocks which I recommended last month, and how they are doing today, one of which is up 500%; look at the ones which I recommended this morning. Callinex up 16%, McEwen Mining up 10%, Silver One up 20%. You can see that everything which I have predicted so far has come true. I have been warning Zig Forums to buy PMs and miners for months. (ttps://i.warosu.org/biz/thread/19669109.) I have no other intention but to help people.
See Mike Maloney's video on wealth cycles, or George Gammon's videos on this subject. You get rich by buying something when it is cheap, and selling it when it is expensive. PMs, right now, are clearly ending a bear market of cheapness, and entering into a bull market, owing to our present financial conditions. We are still at the bottom of this run.
youtube.com
PMs hold their value roughly speaking, but sometimes they go over it, sometimes under. We are at a historically undervalued period, because of government manipulation, both on the futures markets and with respect to Q. E. The ponzi-scheme is falling apart as we speak. The COMEX is collapsing, because Eric Sprott is taking delivery of $1.5 billion of silver which they do not have. The banks are in an utter crisis. Real yields are negative, and high inflation is coming. Get into silver now before it is too late.
This is the direct opposite of the truth. Gold has to get to $5000 before it reaches its $1900 nominal peak in real terms, and silver has to fall from its current ratio of gold-silver 1:90 to at least 1:50, and possibly even as low as 1:12, before precious metals have achieved fair value. And the miners are even more undervalued than the metals themselves.
The Join the other crazy marxists who have convinced themselves that robbing the rich is morally justified.
you still have to be carefull on anything that isn't phys
as i have said here before repeately i see them nationalise the precious markets in the west to prolong to ponzi for a few years
do you really think JPM is going to bid up to 10k and a blowjob per ounce to satisfy contracts or do they just use a .gov sanctioned default to screw over their clients and null all outstanding contracts
junior miners will have to accept gov dictated price controls or go bancrupt due to no cashflow
Mines are in danger of nationalization in the medium- and long-term only. Especially in places like Canada, which have sold all their gold reserves. The way to obviate the danger is to diversify. Buy companies in many jurisdictions. SILJ is overweighted in Mexico, and has few Australian miners, but my list of small-caps has mines in Romania, Guatemala, Peru, Argentina, Brazil, Russia, Mali, etc., etc. In the short-term, miners offer enormous leverage, and will allow a person to buy 10x more bullion than he ordinarily would. But everybody, of course, should hold bullion also, in case of a sudden catastrophe and failure of the entire system.
You can have cheap meat if you want. Just eat dog food.
If you don't have bread, eat cake, poorfag.
Why would you want to buy steak anyway. Insects for you, peasant.
i concur that is a pretty based strategy if you are doing active management of your portfolio
if you are passive however be carefull of junior miners
Poor mentality lmfao spend money as soon as you get it. Loser
The same richfag that extract and accumulate wealth ffrom their wagies, only to make them pay rent and delocalize to 3rd world shithole so that they can extract even more wealth from even cheaper wagies, while saying :
>Just be born rich bro.
>Just work harder you lazy scum bro.
>It's your fault if you can't find a job bro
>It's your fault if single income household isn't enough anymore bro.
>It's your fault you can't buy a house while your grandparents could for less work bro.
>It's your fault being overqualified only grant you acess to burger-flip jobs bro.
Fuck your rich bootlickers, I swear to god that the countries of the west don't fall in a race war, if it can permit class war, yellow vest styles.
You fucking cucks. I hope you guys are at least rich.
>You're just a commie bro.
You had 3 years.
have you tried to stop being poor?
It's like a buck a can.
Obviously this, but at a certain point, it's not even worth it to make them notice. Just have fun with them.
Time will reveal the true nature of this system. Just be patient.
You are all anarcho communists. Socialism has always historically turned into communusm. Communusm always devolves into a giant human rights disaster. There will always be the rich and the poor. Taking it from the rich by way of government will always result in the few corrupt government officials with all the money.
Have sex incel. The ID tells you so.
>in case of a sudden catastrophe and failure of the entire system.
a ludicrous scenario if you live in the US, one that wouldn’t be resolved by holding PMs to begin with
I get that you’re a shill for miner stocks, but they haven’t performed any better than other speculative stocks. “Wealth cycles” are 100% charlatanism
you mean PMs have to inflate with the rest of the fiat
>anarcho communists
>the few corrupt government officials with all the money.
???
>a ludicrous scenario if you live in the US
he says while there is a maoist rebellion looting us cities while the cucked police sit and watch hoping they don't lose their pensions
this years elections are going to be real interesting as neither side is going to accept the results if they lose
of course not that europe is much better, certainly not
Armicano centrist bullshit. Are you realising how much you are coping a falling for a such a low iq fallacy ? The only thing I see is that capitalist neo liberalism turn into degenerate post modern ((progressive )) individualism.
I'm really done bro. I'm working hard to make it, but if I fail, I hope to God that I won't have to live a lifetime of this bullshit. I can't even buy a house and neet away.
