/finance/ - Finance

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Hello from your new neighbors at >>>/comfy/ . Pleased to meet you, /finance/ .  :)

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>>224
The euro doesn't have a good future. I can't get rid of my euros fast enough.

>>226
SVB was basically THE bank to go to for vaporware and tech company loans. They also heavily used ESG in determining if you got lending money or not. Roughly 90% of their customers were tech businesses who shouldn't have qualified for FDIC. Them alone collapsing isn't a big deal but SVB has caused all the other woke nonsense banks to reassess their assets which is causing runs on the banks.

While not apparent at the time of your post, the feds have also promised people with money in SVB UNLIMITED INSURANCE for all their bad decisions which incentivizes the Chinese and other bad actors to buy into SVB in order to try and buy American debt on the cheap.

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>>230
> bad actors
You already have the baddest of actors in charge of the State Department and Federal Reserve. What the chinese do or don't do won't have any significant effect in the grand scheme. At most they'll manage to make a few bucks and maybe afford to buy some more tonnes of gold to shore up their BRICS system.
In fact, Biden just veto'd a new bill that was against ESG investing. So expect the woke stuff to remain in place all across the board in american firms.
Credit Suisse also just went bust, but it was being badly managed for a long time, so it's not a big surprise. And also it has the woke virus.

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Have you guys heard about "Goldbacks" at all?

I'm asking because I just left a coin convention today, and found some of the venders there selling these things. One of them handed out a "half-back" for free, and I spent $17 getting two different versions of the 1GB denomination. The "sales pitch" for them is that these things are 24 karot strips of gold (With the different denominations tied to their size, and their increased amount of gold in said strip contributing to said increase in size and hence denominational value) that are suppose to be used as an alternative method of payment. This entire project comes to us from a company based out of Utah who have allied with other precious metal dealers such as Alpine Gold. Apparently it's already accepted widely in Utah, and Florida just passed a law back in July that eliminates the tax on precious metal transactions altogether and further solidfying this as a possible concept. You can find their website here: www.goldback.com

From what I understand of it, the idea "seems" sound. However the reservations I have with the implementation is (1) cash is not as widely used as much as it really should be which hampers the concept of an alternate method of making payments being a physical currency that you have to hold in your hot little fists (Though still I would back this idea anyday to absolutely anything having to do with cryptocurrencies where the value is not

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>>445
Maybe it makes sense to buy them in Utah or wherver they're currently being accepted in circulation. Otherwise they're just high premium collector pieces.
I believe there's another company that makes similar gold leaf "notes" but they're not called Goldbacks, they have another name (sorry, I don't remember it). I think their art was a lot better too.
But the format itself is apparently a problem, because you can't fold them like paper bank notes without damaging them (from what I heard). It would have probably been better to just make them in standard credit card size, at least that way they'd fit a wallet easily.
But anyway I'm in europe and there's no traction for this kind of thing here whatsoever. If I wanted small gold, I'd just buy a combibar, or even the 1g individual pieces (but you get lower premiums when buying the combibar). For anything less value than 1g gold, I'd just buy silver coins instead.
Pic are swiss 1 Franc coins, 5g of .835 purity, so 4.175g of silver per coin. There are french and belgian ones that are very similar, to the same specifications, and they're all very common. They also made 50 cent and 2 Francs versions, at half and double the weights. That was long ago, when coinage was still made of silver, and before the Euro currency.

>>35
I probably expressed it poorly, what I mean to say is that the barrier of entry in modern day IT and coding is very low thabks to simplified and interpreted programming languages, IDEs and prebuilt shit. GOOD and EFFICIENT programming is rare and even moreso with legacy servers, but the basics of coding are the same regardless of the environment, all you need to start is room temperature IQ, some primers on logic and mathematics and good ol stackoverflow.

Nexo Unveils Payment Card Where Users Get to Keep Their Crypto
https://archive.ph/8fvu9
>Nexo has unveiled a crypto-backed payments card that allows users to spend without having to sell their digital assets. The crypto lender is offering the Nexo Card in partnership with Mastercard (MA) and corporate payment services provider DiPocket, giving cardholders access to 92 million merchants worldwide. Nexo claims the card is the first to allow users to spend without selling their digital assets. It is linked to a Nexo crypto-backed credit line, with cardholders' digital assets as collateral. Payment is made through the credit line, which is available in fiat and stablecoins. The card is available across select European markets. Debit and credit cards linked to digital assets are established in the crypto industry, though many users may be put off because of the risk of losing gains in crypto's value. Nexo's card might encourage more frequent use of crypto-backed cards in everyday transactions by alleviating this risk. The card can be linked to Apple Pay and Google Pay.
Nexo Introduces Card Backed by a Crypto Credit Line With Mastercard, DiPocket
https://archive.ph/fQREm
&

I'm a newnigger looking to get into crypto, what's the market looking like in CY+9?

>>74
>a Crypto Credit Line With Mastercard
And it's dead upon arrival.

>Why Bitcoiners Will Benefit From Stablecoin Legislation
https://archive.ph/t8U48
<The recent passage of the Senate’s GENIUS Act and House’s upcoming “Crypto Week” mark a seismic shift in the financial world. The bill, which passed by a 68–30 vote, establishes a federal regulatory framework for stablecoins, including reserve requirements, issuer disclosures, and consumer protections. This legislation lays the groundwork for the US financial system to break free from the monopoly that banks have long had on money, creating room for innovation and competition in financial services. 
<Central to this transition is the adoption of stablecoins, cryptocurrencies designed to maintain a stable value by pegging them to a reserve asset. Stablecoins offer a stable medium of exchange and a store of value while enabling smoother digital transactions and wider blockchain adoption.

>>421
The amount you spend per month times the number of months you plan to continue living.  The longer you expect live, the more you have to adjust for inflation, but again, nobody can predict when the world will shut down most of its economy for the lulz, which swings every variable in the equation.

Depends on the cost of living where you plan to stay, a bit less also on your standards but you don't need to adjust much there. I'd say 4 million. Because that's what will yield you a living wage by just putting it in safe-ish bonds and instruments from high-paying but still pretty stable nations/states that you can invest in. Public instruments. Most in this tier are even insured, so super low risk. Considering you won't have much time after retirement, with that amount you can still take a part for some random event if you don't go crazy and deal with most health decline problems until you get to the high-complexity stuff at which point probably no amount could save you.
With that amount I've also seen that it's enough to hand out and help your former dependents a decent bit every now and then, only if they're not dependents any more... i.e. Minor children/in college, some ungrateful bastard that still uses your credit card, you're married and divorce-rape is a permanent risk that you constantly pay out your ass to try and delay, etc.
Obviously that number is in value for right now, with time you have to adjust it, inflation and instability and shit...

>>424
>Bonds/safe investements = 5%
>5% - 3% inflation = 2%
>4 million x 2% = $80000
>$80000/yr is rough cost of living for family of four in most states
Is that the reasoning?

My own thought process has been the following:
>Social security/medicare won't exist for me when I'm older. This is based off of the Social security and medicare trusts' own reports.
>I'll probably get cancer at least once in my life. It will cost about $110k in current dollars to survive it if I wanted to. I want enough money to be able to at least have the option to survive it once if I want.
>I'll be forced to retire sooner or later. After uni, I failed to launch and became a nepohire. So, I view my current job as "I have to save as much as I can currently because I'm not going to be able to get a job when I lose this one." I think I have two years left before my nepocontact retires, at which point I'll be retired out soon.
As such, a lot of my thinking isn't "I have to work X more years until..." it's more along the lines of "If I lose my job tomorrow, here's what my current interest income is going to be stuck at, and here's where in the world I'll have to move to in order to survive." In t

>>421
Retire early? 1,300,000 at a mininum assuming you have little in terms of debt obligations. And this is cheap brain powered freedom not very glamorous lifestyle if that is going to last.

>>421
There's a couple quick dirty rules.
Like at least 1M banked.
Or 20 x current income banked.
The issue is is that everyone's situation is slightly different, and with an anonymous board where miscreants can be located over the globe, short, fast guidelines are effectively useless.

>>426
Aren't the kikes planning to crash the western economies soon? Flight to gold is largely being driven by their own purses, I imagine.

>>426
The suppression of silver is becoming harder to hide for two reasons. The first is that the economy is rapidly worsening, and most people of means fly to gold and not silver (because gold is as a store of value superior). The second is that despite this, kikes WILL NOT as a matter of pride relent on the silver manipulation, so it becomes more obvious, whereas in the past they would let silver rise a little to make it less overt.

>>427
Crash may not be the right term. A crash could come, hopefully, but they are planning for a realignment. Obviously they have been itching for war for some time, both to move back away from the "service economy" and delete the surplus work force. People don't realize that if you're going to be replaced by a robot, they have to manufacture them first, but to do that you need factories back. It's a vicious Free Masonic cycle.
>Kill Men
>Use Women and "Men" to build replacement for Men
>Robots Replace All Commoners
>Kill "Useless Eaters"

>>434
POTD

>It's a vicious Free Masonic cycle.
>"Won't someone please just think of the sheqels!111"

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>>433
They don't really have the final say. If they don't allow silver to climb, but the chinese allow it to pump at their Shanghai exchange, then this opens up arbitrage opportunities. This actually played out last spring. The west was forced to follow China's pricing. There was a small lag between the western spot prices and those in the east which kept on rising. I was still sitting on a bunch of cash that I wanted to buy silver with (not gold because it had alrady pumped bigly) but I was planning to wait for the summer or fall lows like in previous years. But when I noticed what was happening, I decided to buy immediately. I wasn't very happy with the prices, because my target for .999 silver coins was "under 24 euro/oz" and by then every 1 oz coin was over 28 euros. Luckily one dealer had some prior year libertads on sale for around that price, so I bought an entire monster box of those. That's the only thing that made the higher prices palatable for me. And today you can't even find anything below 35 euros... Current spot price is exactly 1 EUR/g so 31.1/oz. And the physical coins usually have around 17% premium.

>>434
They need factories, but they also need lots of computers, robots, and related stuff (batteries) to run their 4th industrial revolution. All of this needs cheap silver, and lots of it. So just keep stacking the silver so they 

I predict they set retirement age higher: average lifespan minus 3 years. We'll work until we're 75 then fall  over dead. Also since AI is slurping up all the investment and jobs everyone under 30 can sit at home (during their prime) and be NEETs instead of pushing the economy forward.

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>>428 (OP) 
Sadly, yes, a shitload of normalniggers still believe the system will be present for them. I do agree with>>429
in that the age will likely be raised, though likely only to 70 in the near future. That being the case, the system should have already collapsed by all reasonable metrics, so if the retardpower keeping it afloat putters out, we could see normalized insolvency of the SSA in a few years.
>>429
>Work until we fall over dead
I want desperately to believe that people won't let it get that far, or at least the collapse will come before that. In all honesty, if I was forced to choose between Amazon fulfillment and programming, I would just ride my savings out and kill myself when they ran dry.
>30 and under NEETing in this scenario
Least out of touch Gen Xer
In a scenario that bad, no one outside the wealthy could NEET indefinitely. Warehouse work, "healthcare", bureaucracy, and food service would be the only viable careers, and would be mandated by centralization of capital (low wages/high rent). The only way kids in America can escape wage slavery today is again by wealth, or the Chinese and Arab model, which is to act as a household servant to your parents in exchange for support.

I was thinking about silver but then having a look is giving me strange kinda vibes. The market rate says 18 an oz but then I see people willing to pay +25 an oz for it, so that it looks as though either the market rate is being manipulated or there are numismatic premiums and taxes that are bumping the willingness of these collectors up.

Then I see Britannic dud silver, the kind that was 0.500 grade for historic reasons because of the war time shortages and things and I see some for very cheap. I wonder then can't I just buy the quite debased alloy and treat it as half it's marked weight? Is it too easy to buy fake ones if the alloy contains that much temper in it? Should I overlook historic coins because they are hard to trade in?

I will ask a gold and silver merchant at some point but the eternal anglo in me makes me want to take bits of our history and start a collection for it.

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>>319
Yes, the silver market is very manipulated. There are hundreds of paper contracts being traded for every troy ounce of silver that actually exists in COMEX. The prices of physical silver will remain low (and thus a bargain) so long as they can keep up this game, which relies mainly on their ability to print unlimited amounts of fiat currency Federal Reserve notes. We're reaching the end stages of this game, since other  countries (BRICS) have already abandonned the petrodollar and are trading oil in other currencies.
But besides that, there are also taxes on physical silver in many countries. England is particularly bad about this, to the point where a lot of people just buy gold instead. In the US and EU it's not nearly as bad.
Numismatic fakes are something to watch out for, but it's pretty easy to test them with just a magnet, calipers, and precision scale. That's enough to tell silver coins from other metals. More advanced fakes that are actually made with 90% silver alloy probably exist for high-value numismatics like Morgan dollars with key dates, but you don't have to care about that if you're simply buying coins for their silver content.
However, 50% is pretty low-grade silver, and you shouldn't buy those unless you're getting them for a very low price (well below spot). If you're actually paying close to spot price or higher, don't settle for less than 80% silver. The lower grades are harder to re

Gold and silver have gone up quite a bit in the last month.

>>320
>If you're actually paying close to spot price or higher, don't settle for less than 80% silver.
I've heard the "rule" that you should avoid paying anything above 20% spot price.

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>>430
It depends on where you live. Some countries like England have high taxes on new silver. The only way to escape it is buying old circulated silver coins or other used items (silverware, jewelry, etc.) But at this point it's probably hard to find the .925 sterling coins, so that's why the other anon was asking about .500 silver coins.
But if you're in the US or even the EU, your figure of 20% makes sense for stacking common .999 bullion (obviously you'll pay bigger premiums for rare/collector coins).
So let's take a very common coin (pic related) and check prices. Current spot price is 30.32 EUR. With 20% max premium you can pay up to 6.064 EUR extra, so that's 36.38 EUR maximum for a 1 oz coin. On cdt.fr they're selling for 36.40 EUR, so that's a little bit high. They're not the lowest price though (they're mostly good if you live in/around Paris and can just pick up the order and avoid the shipping costs). For ordering online a better shop is acheter-or-argent.fr, and they have these coins for 34.48 EUR, which is well under the 20% premium.
But keep in mind these are .999 fine coins we're talking about. Lower purity silver coins don't warrant these premiums, and you should be able to find them closer to spot price (or even under spot).

4chan is idf spam bots and slide threads.

Im banned too. Im a full blown crypto fag now which means you guys should probably sell

>>273
has been since '16

I haven't on 4fed for years. They have continuously cracked down on anonymous posting and now with the 15 minute wait before posting on a bbc slide thread to call some a kike, gfy.

Yeah I can't use 4chan either

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>>75 (OP) 
People making inferior copies of existing coins that they modify to fit their preferences has quite a history, especially when Musselmen are involved.
https://archive.ph/Gs4RF
https://www.britishmuseum.org/collection/object/C_1913-1213-1
>Offa, the king whose name is also engraved along with the (badly copied) Arabic writing ruled the Kingdom of Mercia between 757 and 796 CE. He is also credited with introducing the penny to England.
>Known as “Offa’s Dinar”, it was purchased by the British Museum in 1913 in Rome. The more observant among  you may notice that the Latin “Offa Rex” is upside-down in relation to the Arabic script. It is copy of the dinar issued by the Abbasid dynasty following the move of that empire’s capital to Baghdad around 15 years before. It was commonly used throughout the Mediterranean as well as the Abbasid empire itself.  As a gold copy, the Offa dinar would have been accepted as a valid payment.
>The reason for the inscription remains unclear. Much of Offa’s reign is shrouded in the mists of history. He is responsible for the great Dyke

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>>76
https://archive.ph/wip/5zTZK
https://en.wikipedia.org/wiki/Maria_Theresa_thaler
Yes, the second link is wikipedia, but it's still quite interesting how an Austrian coin was became the standard around the Red Sea, Ethiopia, and even Java and other lands too,and that lead to millions of copies of a 18th century coin being minted in the 20th century. But this time it was the Italians who unsuccessfully copied an Austrian coin:
>The MTT came to be used as currency in large parts of Africa and Middle East until after World War II. It was common from North Africa to Somalia, Ethiopia, Kenya, and down the coast of Tanzania to Mozambique. Its popularity in the Red Sea region was such that merchants would not accept any other type of currency. The Italian government produced a similar designed coin in the hope of replacing the Maria Theresa thaler, but it never gained acceptance.

>>77
But wait, there is more in the first link!
>In Brussels, the engraver that produced the dies missed out one of the nine pearls on Maria Theresa’s brooch. It might be an interesting discrepancy to us today, but it was rather an issue at the time. Ten million were made and each was greeted with disapproval from many – it's thought that the Arabs of Yemen were so used to the design of the thaler that they'd reject the coin if they couldn't feel each of the nine pearls with their thumb. London saw a similar hiccup too. Its dies missed out the central feather of the Imperial Eagle that featured on the coin's reverse. Seeing as London's dies had also been used for the thalers struck in both Birmingham and Bombay, these coins also bear the mistake.

>>75 (OP) 
hey. second from right / top left is my favorite out of these four

Not financial advice but an observation: out here land that can't be built on gets passed around looking for the next sucker. It's a big one, if it doesn't have utility hookups, active well, completed septic, or permits are impossible because of reasons - the land is just a placeholder (and liability). 
Also the cell service will be bad out there so you can't even digital nomad that stuff in a van or anything if things go badly.

>>411
Not sure where you're from Anon, but the market is a little different here. The land in question is not purely speculative. Many people have properties solely for recreational purposes. In many cases, the land is undeveloped by necessity for its use.

>>411
I hit the reply button before I was done.
Anyway, your point about the lack of a well and utilities is sound, at least in so far as it would require additional development for innawoods. As a liability, I don't really see one, outside of property tax (jewry). That is a hamper on any growth or even a detriment if the value diminishes for any reason. That and the interest involved in a loan are my main reason for holding off. As for cell service, it's a non-zero chance coverage reaches there, as there is a college town in the general vicinity. Even if not, satellite internet should cover the property, although Id only ever bother if I had to bug out there. In any case, I have decided to hold off on the purchase until I have enough wealth to avoid a loan or a drastic market change occurs. Truth be told, my net worth is only 100k, which for my age range is above average, but I'd like to see it reach 250k as soon as possible. Right now, I feel that's a lot more likely with metals and bonds than land.

Daily reminder that a new BO for /finance/ is being sought. Please consider it, Anons.
>>>/meta/1093

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>>413
Bonds are a bad choice in this late stage USD end game. I sold all mine years ago during the coof, and bought gold & silver. And I didn't have much in stocks (just the mandatory 401k) but I sold those too. I bought gold coins for under 1800 euros, and silver coins under 24 euro per oz. Now you can compare with current prices and see that was a good choice, and we haven't even seen any real action yet.
Remember, anything you don't physically hold can be easily taken from you. That means investment accounts, bank accounts, crypto exchanges, and even contents of safe deposit boxes in a bank vault. This is all low-hanging fruit for the criminal cartel to take, like candy from a baby. In the EU they're already openly talking about taking it. And of course they have a corny excuse to do it ("defense" against Russia boogeyman).
https://www.eunews.it/en/2024/02/23/too-much-money-sleeping-in-the-banks-eurozone-wants-to-wake-it-up/