Financial literacy - Introduction to investment in Silver/ (May be Gold)

chelseafc

Intermediate
Feb 20, 2017
162
10
14
karachi
One of the most important books i ever read was rich dad poor dad, its one of the most important books ever written, its a must read for everyone.

In Pakistan there is this new rave of hipster Islamic banks , debt based banking in a cloak- now why would i rott my income in a meezan bank current account when meezan bank is itself paying 12% return on investments to companies investing in musharka mubadra accounts ( I have seen the document they fix the return) but for indiviual savers the rates arent fixed and at the end of the day 60% devaluation in dollar and 11 % inflation leaves me far worse off. just see the price of the cars , All the people who are saving are losng including me while the banks sips mohitos at the expense of your hard earned income.

Solution :
Buy dollars , this protects your ass from direct devaluation against pkr , whenever the SB prints money. And people who bought it at 100 and sold it at 168 man, they had a good time. Downside: FedRes pumped like 5tr dollars in these corona times. Back to zero, no major gains but still better than keeping money in current acc

Gold / Silver:
Gold is far beyond auqat right now, ( another sign that when fed cuts rate at 0, gold jumps) plus you cant buy swiss accredited bars here ( rare and 10% premium ) , this brings me to silver , currently it is traded at 15/Oz , after consuming hours of video i think that this is a good place to invest, only downside is i am lacking credible information. i don't know which grade to buy where to buy or are there any better investment avenues

Now i know out there people are investing in these precious metals systematically, so is there any one who can recommend me a good book or can systematically shed light on this matter ? i just want save my ass from the day when dollar crasher or when pkr reaches 200 which is realistic post elections. see the trend .

why be at the mercy of circumstances
 
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Doof Warrior

Talented
Jun 30, 2015
81
25
14
Islamabad
Was thinking about the same things today.

Buying a tola of gold or a fraction of some crypto seems like a good bet right now, but I have absolutely no idea about this sort of stuff.
 
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  • faraany3k faraany3k:
    I dont think games have looked any better since 2019 onwards and they are performing worse and worse. Game developers have really dropped the ball.
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  • Necrokiller Necrokiller:
    Consoles can't even catch a break in titles developed exclusively for them 😢
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  • Necrokiller Necrokiller:
    "All of this lends the game distinctly last-gen look at times, which is compounded by image quality and frame-rate issues."
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  • Necrokiller Necrokiller:
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  • Chandoo Chandoo:
    no jokes.
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  • Chandoo Chandoo:
    faraany3k said:
    So while Playing Control, I found a journal which said that a bathroom is missing in Islamabad Beurue of Control. With Alan Wake and Control seems to be connected worlds. Even our city is in the universe as well. No wonder those Trail 5 and Trail 6 are haunted.
    did you know you can see @NaNoW credited in the game too ? :p
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  • faraany3k faraany3k:
    So while Playing Control, I found a journal which said that a bathroom is missing in Islamabad Beurue of Control. With Alan Wake and Control seems to be connected worlds. Even our city is in the universe as well. No wonder those Trail 5 and Trail 6 are haunted.
    Link
  • EternalBlizzard EternalBlizzard:
    faraany3k said:
    What is peoples obsession with Battle Royale genre. 6 minutes to find a match, 3 minutes to setup a match, 2 minutes to land, 10 minutes for scavanging maybe 2 3 gunfigts and its over. Multiplayer landscape is looking absolute dogshit.
    I tried playing Apex Legends once. Couldn't find a gun for 5 minutes straight. If I found a gun, I couldn't find the right ammo for it. Got killed fighting with my fists. Uninstalled it the next day.
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  • faraany3k faraany3k:
    What is peoples obsession with Battle Royale genre. 6 minutes to find a match, 3 minutes to setup a match, 2 minutes to land, 10 minutes for scavanging maybe 2 3 gunfigts and its over. Multiplayer landscape is looking absolute dogshit.
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  • M muneebjahangir:
    skip the villain arc
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  • EternalBlizzard EternalBlizzard:
    iampasha said:
    I usually stay away from animes. Vinland saga changed the way i look at my life, and my experiences within. I recommend every breathing human being to watch this animated masterpiece at least once fromstart to finish.
    After I watched it, I never felt like i watched a show. It was a friggin journey. I got way too attached to Thorfinn and seeing him grow up and find himself and get rid of all the negativity inside of him was just pure bliss.
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  • iampasha iampasha:
    EternalBlizzard said:
    Vinland Saga > Berserk
    I usually stay away from animes. Vinland saga changed the way i look at my life, and my experiences within. I recommend every breathing human being to watch this animated masterpiece at least once fromstart to finish.
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  • Necrokiller Necrokiller:
    Crapcom's RE Engine expose hogaya saaeen. This shit ain't worth experiencing on any platform. 🤷‍♂️
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  • Chandoo Chandoo:
    When a $399 console provides the same experience as a 4090. Yikes indeed saeen :sneaky:
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  • Necrokiller Necrokiller:
    that's a yikes saaaen
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  • Necrokiller Necrokiller:
    " Both PS5 and Series X have an unlocked frame-rate here, with performance that generally lies between 30fps and 45fps. That makes for a stuttering and inconsistent output in general play, no matter what you are doing at any given time."
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  • EternalBlizzard EternalBlizzard:
    Vinland Saga > Berserk
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  • faraany3k faraany3k:
    I absolutely hate parry and Sekiro made me love it, i hate sci fi and Mass Effect made me love it. This is the definition of genre defining experiences.
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  • Necrokiller Necrokiller:
    Forbidden West Complete Edition now available on your fav websites. And Nixxes showed Crapcom how it's done 👍
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  • Necrokiller Necrokiller:
    RE Engine is just utter shit for anything other than corridor design remakes
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  • Necrokiller Necrokiller:
    This is a console first developer. LMAO
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  • faraany3k faraany3k:
    With how great cod warzone has translated onto mobile. Mainstream Consoles have lost its value even further. Maybe console gaming was associated with TVs and how TV is not the primary source of media consumption anymore, consoles will lose its 200 million core audiences even further.
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  • Necrokiller Necrokiller:
    Even VRR can't rescue it 🥲
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    faraany3k faraany3k: I dont think games have looked any better since 2019 onwards and they are performing worse and...