Message from @Deleted User
Discord ID: 487097002128179200
Buy metal because it's valuable for industry use, sure.
Buy metal because it's potentially going to become currency again, I don't think so.
From what I understand, gold is priced far above it's industrial use value, due to speculators thinking it could be a currency again, or the base of a currency. Silver, I don't know if overpriced.
You don’t have to hold physical metals unless you want to
The majority of metals I have in my portfolio are precious metals ETFs
I have a few pieces of silver I have just because I like them
My broke ass can’t afford gold
Yes, no one's making me. I'm just debating the validity of purchasing with the expectation that metals might one day be currency again.
I could see the argument both ways @Tanner - SC I consider it an asset both ways, and it's the only asset I know off that isn't simultaneously someone else's liability. Because I hold it, not a claim but the actual asset...I can retain X value...it is a speculation I'll admit.
Yeah I highly doubt they’ll be currency again. In some disaster scenario where the USD, etc, fail, I really doubt people are gonna flock to precious metals, because a catastrophe of that size would basically mean civilization was over.
Precious metals are useful as a hedge and not much else- investing wise. Silver and platinum have utility in industry, gold is kinda eh.
Gold seems super inflated to me rn
Stratton Oakmont: sell us MeeMaw’s old jewelry
Always keep a little physical nearby.
@Argument of Perigee That's beautiful
Thank you, Sir. Peak AnCap.
Wew
PAMPed
@Argument of Perigee that is incredibly dope
I like the Canadian maple leaves a lot
I couldn't help but feel Nike drop today was similar to the Daily stormer endorsement of Papa John's that tanked it briefly before a quick recovery, so I bought some call options on 'em.
Can I get anyone's opinion on day trading? I see alot of tutorials on youtube.
@Deleted User any particular learning software or any recommended tutorials?
Okay, you'll want any good chart analysis platform
I use Td ameritrade's TOS software
It's free and pretty easy to get the basics of
And as far as tutorials go. How new are you to trading?
0 experience
I am attracted to the ability to make money from home or while on my laptop. Beats Witcher 3. Just being honest
Okay, so you'll need to learn all the basics of chart reading. Support, resistance, simple patterns, etc.
There's a daunting amount of information on it all but don't worry it's not that hard to get into
having a community to learn from/with will really be an asset too so I'd recommend finding trading circles
How much of a return is realistic in as short a period as possible?
I frequently traffic Techbud Solutions discord, lotsa guys over there making a living from this
Depends on how much you wanna risk tbh
Really a living? That's awesome.
The smaller the time frame necessitates more volatility for price movement
if that makes sense
Yeah it does. That's what I am aiming for. This stuff is gold by the way. Thanks
Yeah I'm just a little bit a head of you in this very same journey
I started by papertrading (simulated trading) for the longest time
I actually just transitioned to real trading