/biz/ - Business & Finance

>>22354654

>Gold doesn't function as a currency. This is 101 stuff.

I can't help but laugh to hear you say this. Gold _was_ the currency for 5,000 years, precisely because it functions so well as money. In the modern digital era, it would work in both of two ways:

1) Governments backing their official currencies with gold, and allowing for redemption for gold in fiat notes;

2) Gold-backed cryptos like Andrew Maguire's Kinesis or James Turk's GoldMoney, which allow you to buy a cup of coffee with gold, and break it down into as small fragments as satoshis. (https://www.youtube.com/watch?v=BjqzyqRz_Mc&ab_channel=Goldmoney))

>>22354654

>>That's part of my argument. Is gold going to 100x anytime soon? Nope. Imagine getting in gold when it was 11 years old.

When the reset happens, gold is going to $50,000 to account for the money-supply. As for silver, we can hardly imagine what that is going to do. Mining stocks will be going 100-400x. That's good enough for me. No need to gamble on thin-air cryptocurrencies which will have no purpose in the new monetary order.

>>gold is NOT the future based on all the factual metrics we can see today.

See my picture. It's gold which central banks are hoarding, not crypto. Everybody knows that Bitcoin is a joke except for the small cult of ignorant boomers who buy it from the moonboy pump-and-dumpers.

>>21693590

>>21692027

Yes. I'm the one promoting what has been money in every civilized nation for 5000 years, and I'm the scammer.