Hey Zig Forums

Dude is gold AND silver in a massive dip right now?

ath is all time high. and no brainer means that that it's obvious.

spot gold went down like 9% or so I don't actually care much bc I live in Brazil so any chance I get to scoop up gold it's good for since BRL is pretty weak. But he gave us a 5 years time frame it's not like he's swinging gold invested in mining stocks I'm just telling him a nice way to hedge his wealth long enough for him to be protected from inflation and give him time to build a position to own some rental property or something when things return to normal

i know what no brainer meant. but thank you.
i could buy 3k in gold or silver and keep 1k, and every time i get another 1000 euros i could add to the pile.

so, gold and silver is both down, the currencies are terrible because the economy is fucked worldwide. why then is the price of these metals so low? why arent more people buying up all the gold and silver?

bc people are fucking stupid and live hand to mouth. The very few people like us (I'm 26 btw) who has no debt is to damn afraid to invest since the stock market is fucking rigged by all the money the government keeps injecting in it so they can raise their popularity.

I'm telling you what worked for me though, I made around 100k USD in a shithole of a nation where 1 USD is around 5.2 BRL so I'm actually past 1/2 a million just bc of passive income from my rental properties (I own 2 small warehouses that I rent out to Ecommerce ppl) and I also have my day to day job (I'm a lawyer).

Hard work and discipline are the key to success and I will be successful one day

They've been hitting constant ATHs since the corona crash. Expect corrections to happen, but as long as US Federal Reserve is printing trillions of dollars expect the price of Gold and Silver to continue to rise.
Their prices also directly correlate with apocalyptic feelings (thanks China) and distrust of the global financial system.

>frugal lifestyle
>the netherlands
who are you trying to kid, you'll blow it all on drugs and hookers of course.

you sound like the kind of person that is going to fucking make it. owning rental property seems like the thing to go, whatever housing prices do, having mopnthly income from rent is what i am building towards. and its very truue what you say people are retarded. my mom has a good job and has 30k in savings. now she feels safe and is spending everything that comes in on stupid shit. she just lets it sit there ffs.

i guess ive read the charts wrong, would you still advise me to jump in?

He is saying crypto should be far down on your list of investments, you diversify into crypto in kind of the same way that you diversify into gold, when you start to have enough money that you want to hedge against economic downturns.

The best time to plant a tree is 20 years ago. The second best time is now. When you do buy in, do not panic sell, and be prepared to hold onto your investment for years or at least several months. Never day trade or swing trade. You WILL lose money.