Timely advice from JP Morgan.
MrEureka
Posts: 24,645 ✭✭✭✭✭
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
2
Comments
These are the same guys that apparently short circuited the market on Friday.
>>>My Collection
i there any hoarding by china and india to justify this position?
if JPM wants you to buy that means they plan on selling.
When gold and silver move together, it signals the coming end of fiat money.
Looks like Deception.
Say one thing and do the other.
Well, if you are a believer in BTC (and many here are not), then buying BTC today at a multi-year low versus buying Gold at near a multi-year high might well prove a better bet in the long term. You really can't judge that prediction based on today's action. They said it today and today isn't the "long term".
All comments reflect the opinion of the author, even when irrefutably accurate.
That would be sound advice (Warren Buffett: “Be fearful when others are greedy, and greedy when others are fearful”) if BTC wasn't a completely made up "asset" conjured out of thin air. It is the fiat currency's fiat currency.
Philippians 4:4-7
People have been saying that about BTC from 10k to 100k. There's no reason why his prediction can't be correct, even if you don't like BTC.
I don't like gold, that doesn't mean people (even me) don't make money on it.
All comments reflect the opinion of the author, even when irrefutably accurate.
Banks are looking for recurring revenue as consumers branch out to more financial options.
I'm not going to post the whole plan but here is a snippet. I would not waste your time on this thread. BTW financial institutions and advisors loathe precious metal investing-they get little out of it.
Any message like this from JPM is self-serving in some fashion. Unless they stated they and their affiliates have no position in BTC or loans secured by BTC, like any analyst does with a recommendation, its meaningless, even if accurate.
I agree there has been a lot of money made in BTC, and I am sure there is a lot more to be made. However, that doesn't change the fact that BTC is a completely made up "asset". There is a lot of money to be made in ponzi schemes too, but that doesn't make them legit. BTC is supported by less than legal activity and people trying to hide money. One day that has to change.
Philippians 4:4-7
Different argument
All comments reflect the opinion of the author, even when irrefutably accurate.
Who on this wonderful Planet of ours would not like GOLD? SMH! This place gets stranger and stranger by the hour. CRPS! SoS!!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
“The Long Term????? “
Gold has been a dependable store of wealth for thousands of years.
I have neckties older than Bitcoin!!!!!
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Please let me know when illegal activity becomes a thing of the past and people stop trying to hide money.
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In addition to its industrial uses, Bitcoin makes nice jewelry.
Touche, but BTC is still a made up "asset" conjured out of thin air that is backed by nothing. It doesn't even have the full faith and credit of the U.S. Government (for what that's worth), so let me know when BTC is anything more than a fake, speculative bunch of electronic digits that will one day go to zero.
Philippians 4:4-7
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The exact same thing can be said about the dollar or any other fiat currency. Bitcoin will never go to zero while I'm alive, I have a solid bid in for an unlimited quantity at $0.00000000001.
Thanks Captain Obvious, did you even read my other posts? However, you must not plan on living too long... Never say never.
Philippians 4:4-7
Nope.
more criminals use dollars than crypto for illegal activity
When gold and silver move together, it signals the coming end of fiat money.
Let's not make this political.
Knowledge is the enemy of fear
As long as our taxes and debts are denominated in dollars, the dollar will maintain some value. Bitcoin lacks those advantages.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If you knew anything about how Wall Street works, you'd know a single analyst doesn't speak for the firm. In fact, different divisions have different perspectives on the same asset class.
I know this blows your conspiracy nonsense to junk, but you would look alot less foolish if you didn't keep posting this stuff, Derry. Seriously. I mean, disagree with their perspective but don't besmirch their reputation with falsehoods that are easily debunked.
Not necessarily...it's to give another perspective. As I posted above, and you probably already know CJG, a single firm can have MULTIPLE perspectives on the same asset class. That's how it was at the banks I worked at. Retail had it's view....institutional had its view....the Private Bank (my area) had its view. Sometimes they aligned, sometimes they didn't.
Sometimes it was near fatal. BOA's credit division came out super-bearish on real estate in 2006. Yet BOA continued to party and it nearly sunk the bank as the stock went down 90% the next 3 years. Had they listened to their own credit division, they would have saved themselves $100 billion in market cap and they'd probaby be the gold standard in banking today, not JPM.
So says our resident banker. lol
When gold and silver move together, it signals the coming end of fiat money.
It did sink the bank they were bailed out by the taxpayer. In fact they received more money from TARP than most banks.
I also think JP is very self serving.
I'm out, this thread pi55es me off.
You don't have to take my word for it or anybody's here. Just check out the research they actually put out instead of the 2nd-hand hearsay by click-bait sites.
In other words....go with FACTS instead of MADE UP STUFF by folks with an agenda.
They make the same or more from advising on PMs. Standard fees apply to PM investments or other services.
And gold
All comments reflect the opinion of the author, even when irrefutably accurate.
I prefer lawful money , with my dollars.
Each to their own.
``https://ebay.us/m/KxolR5