/biz/ - Business & Finance

Ukraine's gold was taken 2 days after the coup. So, it's about gold, as well.

Anyone who thinks that gold went to Fort Knox is naive, at best.

ALL these wars are about GOLD

https://www.zerohedge.com/news/2019-03-01/us-army-takes-50-tons-gold-syria-alleged-deal-isis#comment_stream

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson

The issue is prices are RISING in the first place because we don't have a gold standard.

Conservatives are unironically worse than liberals on the issue of min wage because they are supposedly constitutionalists and they say get better educated and you'll make more money.

And constitutionalists would know that "only gold and silver shall be legal tender" like it says in the constitution and identify the root of the problem which is rising prices.

Are you people fucking black or stupid? Gold has been demonetized and we went off a gold standard decades ago. Bitcoin "replacing" gold isn't even a thing! Because gold doest back currencies anymore.

It's like saying how can we replace condoms so we won't get STD's when fucking virgins.

Gold value is that its REAL savings and REAL money. All the price of gold represents is how unstable, volatile, and lack of store of value the dollar is.

The problem isn't with gold it's with the fucking dollar, unironically because it isn't backed by gold anymore.

Which is why it has been money for millenia.

Some of you idiots think LAND is a measure of value lulz

The literal primary function of money is to MEASURE VALUE of goods exchanged for it. Money is a barometer to measure value.

And obviously the dollar sucks at measuring value since 100 years ago 20$ was a gold weekly salary yet today it barely buys you dinner at a bar.

But that gold has measured value great for 100 years since it was a good weekly salary 100 years ago and still ifs today

When you buy gold you aren't really buying it. You are just transferring your wealth from Jew paper that can hyperinflate away into real sound money and wealth where you are becoming your own bank.

Americas economy was strong on a gold standard and now that we've been off it for 40 years everything is wrong in the economy.

In Venezuela 1 ounce of gold currently equals 300 million bolivars. So that just justs the bolivar is dying.

You buy gold because you fear the dollar is going to implode because fiat is a scam.

So obviously the conclucsion is the dollar price of gold is irrelevant. You don't buy gold hoping it goes up in price like when you buy Amazon stock.

A gold ounce 900 years ago is still that same ounce of gold today. Doesn't matter if the dollar exists or not.

It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan." — THOMAS A. EDISON

When you buy gold with worthless fiat... you aren't really buying gold. All you are doing is transferring your wealth from worthless paper that will hyper-inflate into a real store of value and real savings.

The muh high IQ anti gold biznessmen on this board are in reality stupider than Madagascaran niggers who dig up their dead relatives once a year to dance with them.

If BitCoin is a currency, why is everyone obsessed by how many $$$ one is worth? Shouldn't a currency stand on its own, based on the goods you can exchange for it? If it's only reason to exist is its relationship to the $$$, then it isn't a currency, it's just another tulip bulb.

The central banks need help. If we don't contribute debt-free market based currency like gold, the global economy crumbles or they inflate the debt bubble to even greater proportions.

The consumer is yet to understand and embrace the necessity that debt-free currency can only be brought into circulation through direct marketplace spending that is consumer driven.

You DONT buy gold hoping it goes up in dollar price like a stock. Amazon is a business making revenue. Gold is just fucking gold... it isn't supposed to provide you returns.

Gold is money and savings to protect your wealth and exponentially increase it when fiat fails. That's the entire fucking point of buying gold.

The dollar value of gold is irrelevant. Gold didn't all of a sudden become valuable when America was born and the dollar was created so why the fuck would you be valuing gold in terms of fiat?

Also it was fucking gold that gave value to the dollar.

You DONT buy gold hoping it goes up in dollar price like a stock. Amazon is a business making revenue. Gold is just fucking gold... it isn't supposed to provide you returns.

Gold is money and savings to protect your wealth and exponentially increase it when fiat fails. That's the entire fucking point of buying gold.

The dollar value of gold is irrelevant. Gold didn't all of a sudden become valuable when America was born and the dollar was created so why the fuck would you be valuing gold in terms of fiat?

Also it was fucking gold that gave value to the dollar.

Your a millennial faggot concerned about shit and thinking that bitcoin will free us....

But then at the same time being anti-gold.

You care enough that you hope bitcoin changes things even tho it probably is a Jew scam. But then you are against gold which has been money and savings for thousands of years.