/biz/ - Business & Finance

>>30440932
>You will hoard gold like a dragon and realize too late you've been scammed
You mean like Russia then

>>30412989
>scared crypto will make your entire sector irrelevant?
Not really

>>30409426
>No one wants your pet rocks
You mean apart from every productive Asian nation which feeds and clothes you

>>30397412
>And are you saying that the U.S. gov would rather see the world economy crash, than let the Wall Street dry?

The Fed has no choice. The world is already de-dollarized to a considerable extent and is becoming more so every day. The moment Asia rugs the U. S., there is absolutely nothing that the U. S. can do about it.

>>30381130
>Assuming growth leads to technical innovation is one fuck of a stretch, considering the billions of street shitters and chinamen in Asia, and the massive population growth in Africa, all of which are basically just massive resource sinks

Actually, those East Asians you despise are the ones who create most of the world's production and are going to make you just as poor as they are poor right now when they dump your worthless paper and demand gold for the fruits of their labour. Hope that you're ready for it.

>>30370628
All that matters now is what Asia does; that's where the production lies; American corporations are toothless

If Asia demands production in exchange for gold on Monday, the dollar (and tether, and therefore crypto) will immediately plunge to zero

>>30368944
>At this point if bitcoin disappeared the torch would be passed to a new king shitcoin. You can't stop it.
It stops the instant Asia dumps the dollar and says, "Sorry, if you want our oil, our goods, our commodities, you'll pay gold for them or you'll get nothing--no shitcoins accepted."

>>30363959
Can you direct me to some left-wing Redditors who like gold please, thanks

I know that Russia and China like it a lot

>>30347945
>value is subjective

When China and Russia demand that you pay them gold for their production soon, try telling them that value is subjective and see what happens

>>30334068
>1 btc vs 1 oz gold
>Btc wins
Russia and China dump the dollar and re-adopt gold

They refuse to give you any of their oil and production in exchange for your worthless scamcoin

Gold wins

>>30306643
Bitcoin has $100 fees when only 0.01% of the world population tries to trade with it

And it's going to be the next money of the world

Makes perfect sense mate

Let's just hope that you can convince the Russians to give you oil and other commodities in exchange for your scamcoin

>>30273074
>Now that we have digital scarcity and a much more liquid asset, gold has to sit the fuck down.

I'm sure that the Russians will really care about your high-flown opinions of Scamcoin and give you all their oil and valuable production in return for it