/biz/ - Business & Finance

only if some dumb idiot is willing to buy your beanie baby rocks.

>go to supermarket
>shop for food
>produce a gold coin at check out
>get thrown out

cool

>>10567786
this
it's bitrock
rockcoin

muh fuggin store of value

Not 1 Jew on the planet can steal your wealth if you put your paychecks into gold and become your own bank.

In fact if every American put just 25-50% of their net worth into gold.... the power would be sucked out of Washington virtually overnight.

They have power over you because you use theirndebt instrument Jew fraud currency

>>10567786
Um....... you can go to any country on planet earth and you can sell your gold you stupid fucking nigger.

How dumb are you people?

>>10567786
>>10567802
>>10567807
Yes goy, keep your (((government backed))) paper money

>>10567774
>savings is 100% protected
and then you have to buy a safe to store it in, and then you have to fortify the walls so the safe can't just be ripped out, and then you have to fortify your doors and install an alarm system

and then when you want to buy something with your "real money" you find out that it was cut with tungsten and is actually worthless

>>10567802
Yeah because the Jew demonetized gold and silver.

But your SAVINGS is ALWAYS in tact.

A silver dime earned in 1964 bought you a gallon of gas. If you saved that silver dime you earned 60 years ago until today... and you take it to a coin shop you'll get about $2.50 for it. Which still buys you a gallon of gas.

Whereas if you take a dime to a gas station today you get like 1/25th of a gallon of gas for that dime.

Get it now you braindead niggers?

Do you now understand with the spoonfed example?

>>10567774

it takes someone who understands economics to get it op. but you over simplified it. there are acts at play suppressing gold. one day those who dont own it will regret it but for now you can put your money to better use in fiat ponzi.

gold and bitcoin are some of the only things with true money properties. one day, when fiat ponzi corrects hard, gold will find its true value against the USD which is something like 40,000$ per KG.

then boomers and normies will flood to buy it but its too late, the elite and samrt preserved their wealth and happily go back to fiat which is now fairly valued. plebs get goyed.

>>10567845
Well your savings is losing value everyday in the bank, right?

100k bought you a shit ton more stuff in 1981 than it does today right?

>>10567834
Over half my wealth is in crypto assets and most of the rest is in stocks (rent seeking).

Don't escape the jew, become the jew. Seek rent. If you're a revolutionary or something and want to change the system at some point down the line, using the system now to get resources for later is a good idea.

gold is a currency. a good way to view it is that USD getting weaker agaisnt gold, not gold getting stronger against USD.

>>10567774
shut the fuck up peter you've been repeating this for decades its 2018 nobody cares

>>10567865
But it takes less work now to produce a gallon of gas, and production per capita is up tremendously, so in effect, it depreciated in value, just like a gallon of gas.

>>10567886
Having money in the bank is just as stupid. I'm 80% in long-term ETF making about 10-15% per year, and the rest speculative like crypto.

At least when I need to buy something I don't first need to find a good gold dealer, and then convince him that my gold is pure and not cut with tungsten, then try to shave off some chips approximately covering what I need to buy, and repeat that every time I need money.

>>10567865
>you take it to a coin shop you'll get about $2.50 for it.
>waste $50 worth of my time to exchange a silver dime for $2.50 that I can then go use in the real world

the only coon here is you

>>10567874
You are actually not correct. The dollar value of gold is meaningless. Gold didn't all of a sudden become valuable when America was born and the dollar was created.

So why would you be valuing gold in terms of dollars?

You value gold and silver using ratios compared to other real assets. Of which they are undervalued, especially silver.

Remember, for most of human history and even in America not too far back... a days wage equaled a silver piece the size of a silver dime.

A useless American today selling insurance earns maybe 150$ per day. Which equals about 10 ounces of silver OR the equivalent of 140 days wages historically since 14 silver dimes equals 1 ounce.

So when fiat collapses.... even as little as 500 ounces of silver will be generational wealth.

>>10567940

>counting on society to collapse for his 'store of value' to finally be relevant

good plan

>>10567935
You stupid asshole. It doesn't matter if you have to take a fucking space shuttle to Neptune to convert that silver dime into fiat.

The fucking point is that silver dime you worked to earn in 1964 still buys you the same amount of shit today as it did 60 years ago had you left it in a piggy bank for 60 years.

Your savings was protected you stupid fuckhead

>>10567940

based. i was just trying to use a valuation people might relate to.

>>10567974

>cost of time and energy expended to convert silver/gold to accepted currency is irrelevant, because I say so

sure pal

>>10567970
Are you black or just stupid?

I just fucking told you.... if you earned a silver dime in 1964 you could buy a gallon of gas. And if you take that silver dime that you saved under your pillow for 60 years to a coin shop today you'll get about $2.50 for it which still buys you a gallon of gas.

You don't need a societal collapse to realize the store of value you fucking braindead nigger. The value is always stored doesn't matter if its 100 years ago or 50 years ago or 1500 years ago.

What in the world do you think is the entire point of converting fiat to gold is in the first place? To protect your savings you fucking idiot. THATS THE ENTIRE FUCKING POINT

>>10568002
Lol.... you are so stupid. What? Do you think that people who know fiat is a scam and convert to gold and silver are only buying (or saving from the past) three or four silver dimes?

No you fucking dumbfuck. They are buying or have saved hundreds or thousands of ounces of silver from the past.

If I have 4,000 ounces of silver that I've been saving since the 80's. You think I'm going to give a fuck about commuting 15 miles to coin shop?

Jesus Christ. Like... you are literally dumber than a fucking retarded female nigger. Literally don't know how to think.

>>10568006

>society collapses
>nobody takes your silver
>they want to barter for ammunition, goods, or services

nice plan

also

>savings
>not actively spending and re-investing your wealth to grow your business/homestead/additional property, or rent seek like a kike in the stock market
>no, I'd rather stack silver coins and pray the metals market doesn't collapse

true room temperature IQ, I envy you, since my life would be much more simple and I would probably be satisfied with my decisions

you are the quintessential angry goldbug boomer who is infuriated that the modern world doesn't give a shit about his stack of coins

>>10567910
Gold is both currency and money.

>>10568098
Currency collapsed in Venezuela and 1 single ounce buys you 4 months of food on the black market. I mean wtf do you think the entire point of buying silver is?

I mean... you can't buy shit with silver in America today right?

So if it will be useless in a fiat collapse then what's the point in buying it to begin with?

>>10568098
Also, nobody says you can't invest. But the point is WHY do you have to invest to keep up with inflation?

Why can't I just earn 40k in 1981 and have it buy the same amount of goods today as in 1981, keeping my cash under a mattress?

Why did 40k buy you much more in 1981 than it does today? This has nothing to do with investing or not investing, right?

>>10568143

>gets tricked into admitting that his silver is only relevant in the case of total economic collapse

like I said, room temperature IQ

>>10568179
>But the point is WHY do you have to invest to keep up with inflation?

you dont invest to keep up with inflation, you invest to beat it

holding 60lbs of gold and silver feels fucking good man every once in a while when I'm feeling down I open my chest and scream "yargh me hearties"

>>10568201
It isn't only relevant in an economic collapse.

Like I said, if you earned a silver dime in 1964 you were able to purchase a gallon of gas. If you put that silver dime under your mattress for 55 years and took it to a coin shop today, you can still buy that same gallon of gas today as 55 years ago.

Right?

>>10568238
Why do you have to invest to beat inflation? Why is that even a thing that you need to beat?

People lose in investing too right? Sure, everyone invests... but why can't I keep 25% of my wealth in cash under my bed and have it buy the same amount of goods 50 years from now as it does today?

>>10568282
because then everyone would put their cash under their mattresses and the economy would grind to a halt

>>10568250

What would have happened if you invested the proverbial silver dime in 1964 instead? You bought a house, property, or stock in 1964, and now its 2018.

>>10568282

>Why do you have to invest to beat inflation? Why is that even a thing that you need to beat?

What's your point, dipshit? It's the game. You can't take a gun and solve it overnight, so you'd better become adept at playing it.

>but why can't I keep 25% of my wealth in cash under my bed

You can do whatever the fuck you want, dude. I'd prefer to take my wealth and actively use it to influence the world around me, and grow it through various means.

I don't want to buy the same amount of shit in the future. I want to buy more.

>>10568325

>>10567774
gold can't increase my wealth

get rekt

Gold only has value because people have historically used it as currency and because its 1) rare 2) one of the most stable elements to store. But think about how useful gold would really be if society crashed and burned--it wouldn't be. The best store of value is owning land and means to control that land.

>>10568325
Lol wtf?

So when we were on a gold standard in the 19th century during the greatest expansion of growth in world history anywhere. And a dollar bought you the same amount of shit in 1850 as it did in 1900......... your saying nobody invested?

Your basically saying the entire premise of investing is to beat inflation? And if inflation was virtually non existent that people wouldn't invest?

Jesus Christ... this is probably the dumbest post I've ever read on the internet. Please tell me you are black living in some urban ghetto, and not some white NEET who actually thinks he has a high IQ

>>10568360
Without gold you have no real wealth. You will find this out soon when we have a currency crisis. That's the point of me making this thread.

>>10567774
Bitcoin must be going sideways, if this is the kind of shitposting that's happening.

Checking...yep. Boring sunday, so "Gold is a bank, reeeeeeeeee"

>>10568342
Wow another one who actually believes that having sound money would lead to zero investment? Jesus Christ. This is really fucked up.

in this thread.... people actually think that investments are ONLY made to beat inflation. And that under a sound money system people would not invest to improve their lives.

I'm shell shocked

>>10567802

Not sure what country you are from but silver eagles and gold eagles are legal tender faggot.

Same here in UK, silver Britannias are legal tender and you can buy shit with them if you so choose.

Yes their face value is below spot but still that isn't the point. FAGGOT.

>>10567816
you can do the same with bitcoin in any country where there is anything worthwhile to buy. you can even take an airplane and not check any suitcases

>>10568416

>I'm shell shocked

no, you're a disingenuous and very whiny boomer who stacks rocks instead of building his community

>>10568419

>$1 face value silver coin actually costs $20 to purchase
>implying anybody is going to use it as $1 tender

dumb faggot

>>10568381
>real estate
>commodities
i graciously did not sage

>>10568282
It should be legal to kill everyone who thinks this is a realistic scenario

>board full of goldtards and cointards

many such cases, very sad

>>10568518
Imagine getting this worked up over words on the Internet.

>>10568451
Bitcoin isn't universally recognized as valuable like gold is.

>>10567774
Buy T-bonds if you want to beat inflation.

Buy crypto if you want to beat inflation and you're an anarchist tin-foiler.

Buy gold if you're going to make a ring out of it. As an """"investment""""" it's absolutely worthless. What kind of 'store of value' loses 30% of it's value in 6 years?

>>10568573
This. I also think it is funny that people are comparing bitcoin to gold at this early of a stage.

>>10567802
>go to supermarket
>shop for food
>produce Jordanian Dinars at check out
>get thrown out

cool

>>10567802
>go to supermarket
>shop for food
>produce a Picasso painting valued at millions of dollars at check out
>get thrown out

cool

>>10567786
Thanks Chaim Shekelsteinberg ill keep my paper money!

>>10567774
Or you can invest your money into income generating real assets and that will always have roughly equal real returns.

>>10567802
>go to supermarket
>shop for food
>produce Berkshire Hathaway stock certificates at check out
>get thrown out

cool

>go to supermarket
>shop for food
>produce a child slave at check out
>get thrown out

cool

>>10568453
You can't build the community if you don't have savings dumbass.

Why do you think china, India, and Russia are accumulating gold in record tonnage? So they have savings to make investments dumbass

>>10567774
>You think it's just a rock.

>>10567774
Ahh Nixon stole the wealth from the US dollar in 1971. It has no backing it is a zero sum game. When it crashes to shit and 1oz of gold is worth 1oz of gold we will be laughing

>>10568584
You realiZe half the reason there are so many NEETS throwing their money into crypto is because the dollar is dying and they can't "make it" unironically because gold doesn't back the dollar anymore.

You realize you could "make it" driving mentally retarded kids to grade school on a bus 60 years ago when we were on a gold standard

>>10568984
There's a different between money and investments.

I'm not fuckig saying don't make investments.

But why the fuck am I losing purchasing power by keeping my cash under my mattress????

Can you retards understand the point in making? It's really fucking simple.

Why the fuck did a dollar go a lot father 50 years ago than it does today?

This has nothing to fucking do with whether you invest or not

The aliens are going to come for us, you can barter with them using gold. Everyone else is annihilated.

>>10568984
Also... gold IS a fucking real asset you clown. How can you people be so absolutely retarded?

What people should be doing is making investments and slicing off portions of their gains and putting it into gold.

Because gold is REAL WEALTH

>>10567774
until we start importing gold from space and eventually get the technology to manufacture it

>>10567802
i think if you ask the cashier to trade your gold coin in exchange for paying for your groceries she will do it. though how would she know it's real gold, hm

Silver+Gold for long term savings
Investments with risk for growth/yield

Brainlets know you can do both right

>>10569090
Gold is a commodity and not even a useful one An asset is something that produces wealth. A bar of gold is just a thing you have to try sell to somebody, It's value changes everyday and it never generates any dividend or income. It's literally worse than a bond valued in fiat currency.

>>10567774
Peter is that you ?

I love your copy pasta

>>10568518
I agree wholeheartedly

>>10569151

same way she knows its a real fucking minted pound coin or whatever. JFC. minted gold or silver is legal tender in some places. but you are silly to use it because its worth more in scap

>>10569197
An asset is something with economic value, "produces wealth" has nothing to do with it.

Why would money (gold) generate a dividend/income, dollars don't either. Dollars only generate a return when you take on counter party risk by loaner it out or investing in something else.

>>10568518
>ld be legal to kill everyone w
not only should money have kept their pruchase power but it should have increased by quite a large amount in the last 60 years due to tech and population increase

>>10569197
So you are literally saying to me that gold is not an asset? Something that has been money for thousands of years is not an asset if wealth? For real?

Wheat is a commodity. Gold is money.

How the fuck do you make money off investments without savings brainlet?

If banks started issuing dollars 200 years ago backed by nothing, Americans would have laughed and told the banks to fuck off.

Do you even understand that it's gold that gave the value to the dollar?

You don't understand the difference between money and investments. Or savings and investments. A paper note backed by nothing is not real money.

>>10569197
I mean I can even understand not understanding initially because you guys were educated in shitty communist public schools....

But when I'm spooonfeeding it to you and it's so easy to understand, but then refute it still... is the scary party

Please tell me these are the same people who buy BTC as "digital gold"

>>10569197
Also...if an asset is something that produces wealth.... that means you are making more dollars which are backed by nothing and lose value. So you aren't really accumulating real wealth. You are accumulating IOU's funny money.

Not saying don't invest but those gains you make in fiat need to partially be put into gold so you have actual real wealth.

Get it?

>>10569292
>Hey, dollars don't produce wealth either, except when it does!

>>10569308
Gold is also a commodity, it's priced in dollars like every other commodity in the world. If you really want to beat inflation you can buy Treasury Inflation-Protected Securities, which will yield more than a block of metal will. Unless you buy gold betting the US government will default or collapse then you should buy ammunition and canned beans instead of metals. Because all commodities in the world are priced in, and exchanged with USD, the USD is effectively 'backed' by every commodity in the entire world, including gold. This is why people sometimes call it the 'petrodollar' since oil leads the prices of all other commodities.

Another fun fact about gold is that it's price is blatantly manipulated by the banks and institutions that maintain control over the vast majority of it. So you dislike the Federal Reserve manipulating the USD but you're okay if Deutsch Bank manipulates the value of your gold 'wealth'?

Gold isn't 'wealth' anymore than anything else is. It's really best as a speculative vehicle, especially silver. Spending money obtaining it and holding on to it, either in physical form where it can be stolen from you, or with gold-backed securities where you pay people to keep it from being stolen, is a dumb way to build or maintain wealth.

>>10569628
This.

>>10569628
Gold is priced in dollars yes. But it only tracks how unstable, volatile, and lack of store of value the dollar is.

Think about it.... if the dollar dissaperead from the planet tomorrow my gold and wealth in gold is completely unaffected. Do you understand that?

And of course I'm buying gold betting against the kike govt. who's printing money out of thin air like wild men. And has us 21 trillion in debt.

If they got their shit under control then I wouldn't feel the need to buy gold.

Buying gold is a direct correlation to how out of control the govt is.

Wtf am I going to do brainlet? Put my entire net worth into ammunition and canned food? Are you stupid?

Of course preps are important but is there some sort of law stating that if you buy gold you can't buy canned food also?

You can buy both brainlet. Get it?

One is money and protects your wealth and the other ... ammunition is used in self defense. They have different fucking used brainlet.

>>10569649
Another brainlet. Read my post above.

The govt is out of control, hence why you buy gold.

Also... in a fiat collapse wtf you think is going to happen? People are going to barter exchanging blowjobs for toilet paper in some sort of closed loop barter system until the end of time? Gold is money and will be the basis for money to trade you idiot just like has been done for milennia.

Do you not even understand that people used to buy things with gold and silver for thousands of years?

But what is likely to happen is an intl gold standard comes out and all prices become gold prices and those in fiat get a huge haircut and those owning gold will make a killing in this deflationary collapse

>>10569628
Also... gold is a speculative vehicle? Are you black or just stupid?

Gold has been money for milennia.

Your problem is you don't even know what the primary function of money is.... which is to measure value of goods exahnged for it.

And nothing measures value better than gold does for thousands of years and even today with gold being demonetized.

100 years ago a gold ounce = 20$ and 20$ was a good weekly salary.

Today 20$ barely buys you lunch at Taco Bell for 2 people. But that gold ounce equals $1,300..... which is still a good weekly salary!

So gold held up as money and the dollar got destroyed as money.

Get it now brainlets? I'm literally spoonfeeding you real examples that even a nig could understand

>>10569649
Just know.... that you have been brainwashed by jews. You won't understand that you have, but you have.

Literal starving subsuharan niggers with no formal education even understand gold is money. You can literally go on YouTube and see them panning for gold in dry riverbeds in order to get .01 gram of gold to exchange it for a loaf of bread

What about silver? I have no gold but have a decent amount of silver.

Fucking kek. Great thread
These brainlets don’t deserve you OP

>>10567806
>Muh shiny rocks
>Buttcoin is a scam cuz I can't hold it
>Proof of what

Im so happy these communist, faggot ass goldbugs are losing money every day on this shit

>>10569795
shit that pic hits home hard

>>10567802

actually it's legal tender if you present an american eagle, but you'd be rock solid stupid to give it away at legal tender values

>>10569745
>MFW these retards don't understand that USD/gold ratio is a metaphor for Shitcoin/BTC ratio.

You don't say that 1 BTC costs 256 NEOs. No one says that. Everyone would say that 256 NEOs cost 1 Bitcoin. Bitcoin is the base currency.

Gold is the base currency. Gold is more stable. Why? Because the AMOUNT OF GOODS that a gold Oz can buy has remained stable over millenia. And that's what you care about. The amount of goods you can buy.

No one cares about how many dollars they have. I Mena they do, but not really. They only care about how much stuff their dollars can buy. You don't want to hoard dollars. You use them to buy goods. That's what money is for.

Therefore, the base currency should be the most stable one. Aka gold

Reminder nobody cares about your argument faggot goldbugs :) stay mad as the stock markets go up without you

>>10569036
>1 Oz of gold = 1 Oz of gold
>1 dollar = 1 dollar
>1 btc = 1 btc

OH shit.... It's almost as if they are fungible commodities or something.

>>10567774
>he isn't in the new gold

What is the best way to buy precious metals? You always pay over spot price and sell under

>>10569308

people have for generations now been brought up with fake money, its the norm. their entire fundamental idea of money is flawed as they know no different. you wont have success explaining it unless you are very gifted at breaking shit down.

>>10569692
>>10569745
Gold does not accurately inversely track inflation. It's subject supply and demand and also to market forces like heavy speculation and manipulation, nevermind backwardization and contago, exactly like a commodity because that's what it is. The wealth in the world does not revolve around it's value relative to gold. Gold is not some magical baseline measure of wealth. The value of gold is in that it's durable and fungible and can be sold easily for actual money you use to buy things. Plenty of other commodities can do that. If you like commodities you'll love the US dollar because it's effectively backed by commodities. The problem with your argument that gold is 'money' is that it's value is determined by whatever people believe it's worth, exactly the same as fiat currency. It has little intrinsic value besides that it's pretty to look at and it's historically valuable for that reason. If you like the way the US dollar looks, then it's just as intrinsically valuable as gold.

Just buy some TIPS bonds, or swiss francs, or ammo, since those all do what you say gold does only better.

>>10569771
You've been brainwashed by videos on JewTube made by unsuccessful people who rely on money made by said videos. Said niggers with no education also understand a big bundle Zimbabwean dollars is money, too and they'll kill each other over that same as gold. Doesn't make it a good investment.

I found a pic of OP

>>10569937
>>10569937
Haven't Broken it down well with the silver dime example? I mean how can you spoonfed someone better than that?

Or the gold example where 100 years ago gold = 20$ and 20$ was a good weekly salary.

And today 20$ barely buys you a large pizza but that gold ounce is $1,300 and still a good weekly salary.

How can you break down any further?

I find it fascinating how brainwashed they are and ALSO not being able to comprehend these literal spoonfed examples to explain what I'm getting at

>>10569878
1 oz of gold buys you the same amount of shit as it did 100 years ago.

20$ was a good weekly salary 100 years ago and today that gold ounce which equals $1,300 is still a good weekly salary.

1$ 100 years ago bought a decent amount of shit.

1$ today doesn't even buy you a package of gum.

Get it now retard?

You stupid assholes are so stupid you don't even realize your throwing all your money at crypto because the dollar is dying unironically because it isn't backed by gold. The irony is thick

>>10569777
You are still fine. Actually Better off than gold owners cuz of the current silver to gold ratio. Once that ratio hits the 40's or 30's.... swap for gold

>>10569815


this. they are jsut having trouble understanding the different concepts at paly maybe taking it too literally.

Gold vs dollar. Gold up = dollar is weakening. Gold down = dollar is getting stronger.
Gold is the same.

Now i think one anons main hang ups is the concept of liquidity which nobody is arguing about but whatever. yes. dollars are liquid, the most liquid asset. thats not value, its something different entirely. when anons are saying buying gold retains your wealth, they aren't telling you tliterally hoard all your moeny into gold, lmao. they are just saying, if you want to retain value, its the base against everything and always has been. its real money.
if we are talking about investment oppertunities to increase wealth in the mid or short term? dollars are better assuming dollar doesnt get wrecked. Remember, stock market is a representation of dollars and fake fiat money.
But fake fiat money is liquid, you can invest easily, buy some shares which you think will increase faster than the dollar will devaluate, take profits, you now have more gold too.
Or a house, you need a roof right? nobody is arguing these are bad things and not important to buy. JFC, yes invest in a house or a car, increase your net worth. stop getting caught up on the irrelevant practicalities. this is a debate on what money is, not investment 101.
If i was going to go into a time machine 50 years i nto the future, i'd have most my value put into gold first with a small amount in stocks as a more of a gamble, i'd arrive and have same net worth.

right now China and russia are buying everything. gold is even supressed i nvalue because if gold reaches its real value un deflated, its a problem as it exposes that the USD is really fucking weak right now.
USA Debt is what backs the USD, and china depends on it. once they have enough gold, enough to rival USA in GDP, they wont need USA Debt. shit might hit the fan at this point.

>>10570002
Yeah what was gold worth in the 1970's? $300 in inflation adjusted dollars sounds like a shitty weekly wage to me. You can't just cherry pick a couple examples from Roman Times and 100 years ago. The comparative value of gold is inconsistent and has fluctuated through history. According to you, this graph should be completely flat.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

>>10569826
Gold was money before the stock market even existed.

When you invest in a stock you are doing so for a different reason than going to a coin shop and buying gold.

>>10567774
Thanks, just bought a 20g gold combibar for $27 over spot on JM Bullion.

>>10567774
I'm anti-speculation because speculating on anything is dumb. Margin trading is hurting crypto. Wash traders and bots. Gold is not worth as much as it is when the supply is not fixed. But at least gold can be touched and used. It however can't be transferred like crypto. The best value in the world comes from skills and wisdom you gain in life. That will always be worth more than physical assets and any form of money.

>>10570079
It's inconsistent in the short term when you are valuing in terms of dollars. BecUse the Jews distort it all.

There's a bible verse showing that 2,500 years ago 1 ounce of gold bought you 350 loaves of bread.

If I take one of my gold ounces to the coin shop I get $1,300.... and if I take that $1,300 to the grocery store I can still buy 350 loaves of bread roughly.

So if you were living 2,500 years ago... earned or stole a gold coin. And toona time machine to today... you can still buy 350 loaves of bread just like you could before Christ was born.

>>10570079

ok. when USD and paper money suffers from yearly "inflation". what exactly is happening? its worth less? against WHAT???
You can't say "itself", because that makes no sense at all. if it devalued agasint itself it wouldnt change in value.

JFC.

>>10570125
Its incredible isn't it?

Modern times and Information Age.....

And people in the west.... the first people in human history going back thousands of years are actually anti-gold.

It's literally like being anti water.

>>10570070
Great post

>>10569964
Dude whatever. Gold has been money for milennia. And it's just as valuable today as it was 500 years ago despite the Jew govts demonetizing it.

So you have that all working against you.

>>10570118
The chart is based off the Consumer Price Index, the price of a defined basket of goods and services. eg, it's pretty much a measure of how much it costs somebody to buy some loaves of bread. An oz of gold today will buy you 4 times as much bread than it would have in 1970. There is no reason to believe that it can't decline in value to $300 again. Today's prices are historically extremely high.

There are other charts comparing it to all kinds of things on the same link. Its never consistent and it's significantly more volatile than the USD. At least with the USD you know it'll lose 1-6% of it's value every year and it's predictable enough to plan for it.

No, you can't hoard USD for 1000 years and expect to buy bread with it like you can with gold but who the fuck cares? Wealth is built by obtaining assets that build wealth, not stockpiling metal in a vault for your ancestors 100 years from now to buy bread with. You suppose the Rothschild's stockpiled gold through the ages and that's why they are wealthy? Or do you think they devoted their wealth into creating more wealth? The did the latter and wealth creation is the reason why there is inflation.

>>10570048
>>10567774
And here's all the evidence you need that real wages have been decreasing. We've been tricked into becoming a debt oriented society.

>>10570240
If the dollar dissapears from the planet tomorrow...you wake up tomorrow..... and your bank account is 0$ or and every Americans bank account is 0$......

Is my gold not valuable anymore?

>>10570249
Bingo

>>10570249
In 1964 min wage was $1.25.... and a gold ounce was 35$.

So a min wage worker could purchase an ounce of gold after only 1 week of working.

Today min wage is like 9$ and gold is $1,300.

So a min wage worker today has to work an ENTIRE month to purchase that same ounce of gold that a min wage worker could purcHase after a week 55 years ago

>>10570302
The only way the dollar would magically become worthless overnight is if there was a nuclear war or something and basically everyone was dead or the entirely economy was completely collapsed, so yes, your gold would not be valuable because there isn't a market for that either.

Beans and bullets are the solution to that scenario, more valuable than metal if the cannibal rape-gangs are approaching your bug out location. In a realistic scenario, Swiss Francs, TIPS bonds, ect, are better instruments than gold.

>>10570394
The dollar has becoming worthless for over 100 years. Paper currencies NEVER last forever.

I'm just asking you to humor me.... if the dollar dissapears tomorrow is my gold worthless?

Also... wtf you think will buy you beans and ammunition? Real money... gold!

Just like in Venezuela where their currency has collapsed and 1 ounce of silver buys you 4 months worth of food on the black market.

Do you not understand that gold and silver bought you shit like food for thousands of years? Are you literally that uneducated?

>>10570330

It wasn't even legal for a US citizen own gold in 1964 and $35 an ounce was a government mandated price control.

>>10570394
Of fucking course ammo and food is important.... and gold and silver will buy you that shit dumbass.

What do you think is going to happen? Dollar collapses and it's just a slow bleed out until everyone dies from starvation and the last people to die will be those who stocked up 2 years worth of canned food? And then that's just the end of the world?

There's going to be no baseline for trade like gold and silver?

You are so brainwashed it makes my blood pressure go up. It's literally like discussing calculus with a nigger who thinks he knows what he's talking about because he knows that 2+2 = 4

>>10570515
Yeah.... why do you think they made it illegal? To brainwash you and the boomers into their Jew fiat currency.

Then you march in the streets demanding muh living wage! Muh living wage!

Under a gold standard "income inequality" wasn't even a thing. Because a min wage earner 50-60 years ago had the purchasing power of someone making 18$/hour today OR twice the purchasing power of someone making min wage today.

You cryptofucktards laugh at 10% booker stock returns.....

Well... under a gold standard when prices were cheap as fuck...... 10% yearly returns were much like 100% crypto returns today with the massive inflation we've had.

>>10570583
>Because a min wage earner 50-60 years ago had the purchasing power of someone making 18$/hour today OR twice the purchasing power of someone making min wage today.

It's way more than that fren. Inflation rate statistics are lies.

>>10570616
I know just making a point

I think gold is going to fall in price for a while. The stock market is still to strong. Just gonna stack silver for now. Then I'll buy a few grams here and there.

>>10570541
Look, the odds of the entire dollar system collapsing anytime soon is very small. Buying gold at historic highs as some hedge against an infinitesimally remote risk doesn't make financial sense. If the economy turns to shit and inflation goes up you are better off with different assets to hedge that risk. The USA isn't going to collapse Venezuela style anytime soon. If you consider the elites to be so powerful that they can perpetrate decades-long conspiracies to enslave the world than it doesn't make sense to think that system isn't going to be around for awhile. Don't mix ideological positions with personal finances.

>>10570953
Again. The dollar value of gold is irrelevant. Gold has been money since before Jesus Christ was alive. The dollar has been here for like 200 years.

Stop valuing gold in terms of Jew fiat dollars.

>>10568325
It’s sad people as dumb as you exist.

>>10568325
>economy would grind to a halt
it will happen

>>10569293
What population increase? Every single western society is not even keeping up replacement numbers in births you fucking clown.

>>10571173
Jesus never existed and people also sacrificed one another to appease the rain gods back then. What they though of some worthless shiny rock that has limited real world function (much like the diamond), is largely irrelevant and doesn't make it a solid investment for my money today when I can instead use that money to generate me more wealth.

>>10570541
In a societal collapse scenario in what way would a shiny rock be useful to me? I can't defend myself with it. I can't eat it.

But I guess it sure will be useful when I'm starving or getting robbed because I decided to hoard it instead of extra supplies.

Its only use would be trade, and guess what.... I can trade supplies as well.

Now copper is another story. That I can use. And iron.

Gold... Ehh... It's soft and flimsy. Flashy and draws lots of attention. I guess it doesn't corrode too easy so that's kinda useful. But that's largely it.

Highly over valued.

u should buy gold along with one or two crypto of your choice

>>10568325
imagine being this stupid

>10567802
>go to supermarket
>shop for food
>produce a bitcoin at check out
>get thrown out

cool

>>10569197
>, It's value changes everyday and it never generates any dividend or income
sounds a lot like bitcoin desu

>>10567774
>real money
gold is not real money for a few decades now it's a poorly performing speculative asset and an industrial raw material.

>>10573392
more like bitcoin is digital gold.

>>10567774
Shiny rocks don't mean shit when a society decides to eat itself. Invest in food, water, and land. Look at major crises & uprisings throughout history; almost all of them are spawned from a lack of the fundamental resources needed for people to create a sedentary existence. We need to go that route because we're no longer able to devolve back to a nomadic way of life. Losing technology will be painful and bloody, yes - but as long as we sustain a working system of farming there is hope for recovery.

Some asshole holding a bunch of metal that can't be turned into tools, food, water, or living space is useless. Invest in the fundamentals of life.

>>10573420
>but as long as we sustain a working system of farming
you can't do that on the scale required without modern industry anymore. unless you cull about 99% of the population first.

>>10573542
The thing is, that with any sort of devolution of normalcy in modern first-world countries there is going to be an equally expected breakdown of society. A country will break down to regions, regions will break down to quadrants, quadrants will break down to sections, so on and so forth (these probably aren't the correct terms, but bear with me). Societies will inevitably return to smaller enclaves of manageable populations that see varying degrees of success. My interpretation of such a collapse is centered on having land, food/means to create food, and water. Gold and silver allows for neither of these things, and it's ridiculous to both hold an "End of the World" mentality and also wish to horde a substance that one cannot sustain themselves with. Gold did not save Louis XVI, silver did not save Nicholas II, and "precious" minerals will not save anyone foolish enough to bank on them in the event of a collapse.

>>10573619
>Gold and silver allows for neither of these things
it allows for commerce for fucks sake. you need some common denominator for commerce. it's not like we will magically forget the convenience of money and immediately go full mad-max.

also you forget one more thing. military power even in a collapse existing armed forces will easily subjugate the populations on relatively large areas. especially motorized infantry is very capable of this.

>>10573629
>it allows for commerce for fucks sake.
Gold doesn't feed the military power that will spring up, thanks to your point. Silver will not keep them from dehydrating to the point of immobility, thanks to your point. Want to know how you keep yourself from being on the business end of rifles after a collapse? It isn't by having gold when their bodies are in a panic over starvation. The common denominator is food, water, and safety from the immediate elements. Focus on that, not trinkets.

>>10573378
lol I know right

>>10571952
It protects your wealth you dumbfuck.

If you knew that next week the dollar was going to collapse and hyperinflate you are telling me that you wouldn't buy any gold?

Are you that retarded?

I will go with the history and not with the 20yo basement NEET advice. Gold survived thousand of years and is the best store of value. Fiat currencies in the other hand are vanishing left and right. Recessions are necessary every 8-10years and we are overdue for one...and gold has a great performance in those times.

Gold is no investment ans shouldn't be treaten like one and if we hit the doomsday you will have other problems then preventing financial damage

>>10571916
You fuckhead... I wasn't making a fucking religious argument bringing up Jesus Christ I was saying that gold has been money since before he was alive! If you don't think he was a person who lived the point still remains

>>10573678
>Gold doesn't feed the military power that will spring up, thanks to your point.
it will when they can trade supplies with other militias / bands / protectorates.

gold will have value because it's very easy to understand the scarcity of it. it will be once again a unit of account. but sure domestically all military powers can just print their own tickets.

you want to focus on shit that they will take from you at gunpoint two days after the collapse? heheheh okay then go ahead.

>>10573722
I don't think you understand just how horrific of a collapse that would be if the dollar suddenly became worthless. People would have no inkling of interest in obtaining methods to "pay" for something - it would be rioting, looting, and mayhem until all known places of acquiring goods would be stripped bare. Holding on to your shiny rocks puts you at the literal bottom of the totem pole. You have no weapons, you have no way to sustain yourself, you can't offer a real incentive to anyone to help you because they'd be too busy helping themselves.

What exactly is your plan if society collapses and you have two mil in gold?

>>10573733
>gold will have value because it's very easy to understand the scarcity of it.
If that's how you want to view it, good for you. Remember that gold is a luxury, not a necessity. That's why the Inca, the Aztecs, the Benin, and the Mali wore it like every day accessories. Gold does not feed, gold does not water, and gold does not protect.

>>10573773
You realiZe gold and silver are real money right? Like for thousands of years people used it to buy things. You understand that right?

Why do you think people buy gold and silver to begin with? Because they know fiat is a scam and they WANT money and wealth for when currency collapses. That's the ENTIRE point brainlet.

Also... the collapse will most likely. E something as a simple revaluation of gold. Where you wake up one morning and gold is between 10k-100k per ounce. And a deflationary collapse happens and your 250k house today is now worth 50k and that 2 or 3 ounces of gold (converted to the new currency) buys you a home outright.

>>10573773
Gold will most likely need to be revalued to purge the debt from the system. Your shitcoins and muh revolution don't solve the debt problem that the world is swimming in. Gold does.

You don't want to believe me. Ok that's fine. But china, India and Russia have been accumulating record tonnage of gold for years now. You think they are doing that for fun?

>>10573749
Buy when blood is in the streets duh.

Ever hear the Weimar Republic store or a simple bellcap having saved up 25 ounces of gold.... and was able to buy a city block when hyperinflation hit?

That's how you need to be thinking.

>>10573773
>Remember that gold is a luxury, not a necessity.
it is a necessity because it's durable, dividable, a natural unit of account by weight and very expensive to mine.

money was born out of necessity. barter was problematic goods were seasonal and perishable and very hart to transport exactly to where and when they could be traded. a store of value and a medium of exchange was direly needed. that's why pretty things had monetary value first.
you think it a luxury but once fiat goes to zero it becomes a dire necessity.

>>10573808
gold doesn't solve the debt problem it makes it very painful very fast.

Op is right. Gold is a bank essentially. Watch in the future as gold holds its real world value better than literally anything else.

These goldfags make me embarrassed to own gold.
Bought $5k worth in 2013, bags are heavy knees weak moms spaghetti.
The damn stockmarket better crash soon so i can unload these shitty lumps of metal onto some other retard

>>10567806
Most Americans are in debt though?

>>10573929
And?

You don't even need much. 5 ounces or so and you'll be golden in a deflationary collapse

Brainlet question... shouldn't physical gold be way more worth than the current dollar, just because of the traded ratio from paper : physical gold ?

>>10567774
You shouldn't keep your wealth in either paper money, bank account numbers, gold, or silver. You should have it invested in things that will beat the inflation rate, so that you're making money doing nothing with it - the reverse of the process you're describing, the kikes are giving you money. Gold is just a shiny metal that just sits there, it's also extremely subject to the whims of speculation. Look at the rise and fall of prices during the post-2008 gold craze.

>>10567865
If you bought gold with ur fiat 5 years a go you would be down over 30% .


Shitty investment.
Ok store of value.

>>10573981
nothing is free tho you get interest for the risk you take. there is always risk in every investment. those who manage risk better than others risk to the top and those who can't manage risk sink to the bottom.

>>10568143
U btfo urself with ur example boomer.

>>10567774
Why would I buy gold when I can either invest it in stocks or anything that generates money, or protect my saving even better by buying land (that can I can grow food on), guns, tools, even fucking bitcoin.

I don’t think the odds of the global economy crash AND everyone reverting back to a gold standard to be enough to justify buying anymore than a tiny amount of gold

>>10573981
No point. OP is convinced the value of everything in the world revolves around gold and it's really the value of all other assets that change in relation to the immutable, unchanging, Jesus-powered divinity of gold, which is the only real measure of wealth in the world. Also all assets should be priced in gold.

>>10573986
Speculation could ruin any asset. Doesn't change the fact that gold has nearly a constant purchasing value.

>>10574015
Do you understand why stocks and real estate are at a current ATH? I hope you understand QE and the current debt system.

>Muh all my assets will go up forever

>>10573986
Your valuing it the wrong way. Why are you valuing gold in terms of dollars? The dollar price of gold is irrelevant. Did gold all of a sudden become valuable when America was born and the dollar was created?

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

Once upon a time gold was currency, then with the expansion of society and ever growing complexity of the economy people decided to speculate on gold rather than invest, why would I risk investing when gold gives me better returns and all I gotta do is hold it, the ever increasing population assures gold will rise exponentially.
Wages stagnated, investment non existent, economy collapsing, people started to hoard gold as the economy collapsed further worsening the economy and destroying any hope for recovering.
What should we do asked the government and that’s how the Jews turned Gold from currency to a Metal.

Deal with it.
Gold will be a currency when society devolves from the current form of complex economy, until then keep watching these “WHY GOLD WILL GO UP 50000%” videos from people who literally sell gold lmao.

>>10574027
gold lost badly to shadow inflation in the past century. barely keeping up with official inflation.

>>10567774
Daily reminder https://www.vaultoro.com

>>10574047
Just in case u don’t realise what my little summary is, it’s when the USA detached it’s currency and forced the whole world to ditch the gold standard.

>>10570125
>what exactly is happening?
The money supply is increasing. It means your money is a smaller fraction of the total supply than before.

That’s all the inflation means, prices are irrelevent (because other factors at play may keep prices stable or decrease them.)

>>10574052
Oh look. It has the same purchasing value. I never said something else. Why and how should a store of value be treated as an investment like stocks etc? Hedge with a friction of your portfolio and enjoy life. No need for doomsday conspiracies

>>10574015
I'm not saying don't invest in stocks... but do you understand that you are just generating more fiat which is an IOU paper scam?

So you should be putting a % of your profits into gold steadily. Because GOLD is REAL money and real savings and real wealth.

That paper isn't wealth. And when fiat implodes you will realie this when your dollar denominated assets crash big time.

"Gold is money everything else is credit" - JP Morgan (testimony to congress)

There's a difference between investing and money.

When you invest in Amazon you are doing so for a different reason than when you go to the coin shop and buy gold. Investing is to gain more fiat... buying gold is to protect your wealth.

We are 20 trillion in fucking debt. The Jew commie public schools have.m brainwashed you to be anti gold for a reason when nobody in human history has been anti gold. Being 20'trillion in debt and. It having 10-20% of your net worth in gold is suicidal

>>10570240
>An oz of gold today will buy you 4 times as much bread than it would have in 1970. There is no reason to believe that it can't decline in value to $300 again.
The fact that good production has vastly increased over the last 30 years.

I’m not saying gold can’t or won’t ever drop that low. But comparing it to bread while ignoring the massive recent growth in production output is silly

>>10574082
People on this board are only looking for investments and generating more money in the shortest time. Stop trying so hard. 2008 multiple people killed thenselves The next recession will be multiple times worse, especially with the first bail ins

>>10574047
Yeah it they are selling you something real. Gold is an asset.

Your argument that because somebody is selling you it is stupid. Everyone is selling something every single day everywhere in the world.

Hey I'm hungry while driving by a subway... well fuck this guy he's trying to sell me a sandwich! I'd rather fucking starve to death.

Your argument that somebody is trying to sell you gold is stupid. Gold is real money and anreal asset and real savings

>>10574052
Oh yeah? And now has he dollar done? 100 years ago 20$ was a good weekly salary and it also equaled 1 oz of gold.

Today 20$ doesn't even buy you a large pizza yet that gold ounce is $1,300 which is still a good weekly salary.

So if you worked for a week in 1918 and could bring that gold ounce with or the 20$ with you in a time machine to 2018 which would you bring with you?

>>10574082
>When you invest in Amazon you are doing so for a different reason than when you go to the coin shop and buy gold.
Yes I know, that’s why i didn’t suggest stocks as a store of wealth, but as an investment.

I asked why I would store my wealth in gold over land, guns, tools, art, bitcoin or even jewellery.

I just don’t see why I would ever pick gold over any of them.

>>10574075
it doesn't have the same purchasing value that's what i'm telling you. cpi adjusted purchasing value is a lie. if it shows linear it's actually a very shitty deal.

>>10574090
It's not literally about bread dumbass, it's using a defined basket of goods and services as a unit to measure the purchasing power of gold over time. The chart expresses it in inflation adjusted USD. So an oz of gold in 1970 can buy you about $300 worth of shit in today's USD.

>>10574120
>Today 20$ doesn't even buy you a large pizza yet that gold ounce is $1,300 which is still a good weekly salary.
but the weekly salary was actually much better in 1918 a lowly man could buy a house from his 1 year earnings. don't fall for this bullshit! gold lost value in the last decade. only fared better than the usd.

>>10574130
Gold is stored economic energy.

Housing, bonds, stocks, and crypto their future values rely on energy produced in the future which there will be an issue producing.

Gold gets is value from energy used to get it in the past

>>10574082
And to add to >>10574129
I’m well aware of how shit modern money is, so raving on about the Jews and acting like im saying nothing’s wrong is fucking idiotic.

... and I’m not American so you’re commie schools and 20 trillion debt isn’t my problem

>>10574143

>>10574143
Yeah he could buy a house after a year in 1918 because we were in a gold standard. Cheap prices

>>10574155
The world is swimming in debt bro. All fiat currencies are failing and in a race to the bottom

>>10574152
>Gold gets is value from energy used to get it in the past
it's possible but then it's really bad. cause the energy used to produce gold back in the days is hundred times cheaper today. we mine gold in an exponentially increasing rate too and reserves are cut back. i really don't see gold increasing in value until this monetary system goes down the toilet.

>>10574157
official inflation values are bullshit. they are heavy towards consumables and food and power. if you throw in a few durable assets and real estate into your basket it will look totally different.

>>10574176
my point is to me even shadow inflation is underestimated. because it only applies to poorfags and lower middle class.

>>10574176
Real estate is counted into SGS? How does that make any sense?

>>10574168
When we start having energy problems that's going to directly affect values of real estate stocks cryptos etc. theyget their values based on energy produced not the future

>>10574226
that doesn't make any sense, what's your point exactly?

>>10574161
>All fiat currencies are failing and in a race to the bottom
i can't even count how many times people been saying that in the past century yet fiat is still here with us doesn't show any signs of going away. if tether is an indicator of anything, shit will actually get worse.

Like you goldcucks could physically protect your gold stash of the gov or any other mob came from it.
Like you could move a significant amount of gold to another country if war breaks out...

This gives btc such a strong unique selling point (highly liquid, store millions in your head), that only brainlets still can't see it.

>>10574263
Homes, crypto, stocks and bonds future values are based on energy produced in the future. Energy problems that are heading our way soon will destroy the values of these assets.

Gold is stored economic energy that gets its value from energy used in the past.

>>10574375
but that doesn't make any sense if energy gets scarcer everything will skyrocket that derives it's value from future energy. and you are saying the opposite.

>>10567802
I’m pretty sure a store owner would accept an American silver eagle if I tried to checkout with it.

>>10574470
buy high sell low

>>10568179
>>10568282
They could technically have 0% inflation, if they wanted to. But the inflation rate is purposefully targeted at 2%-4% for the specific reason that it causes you to invest. It's good that people are investing in the economy, it boosts production. Encouraging investment is a good thing. They could make your money buy MORE over time if they wanted to, but that would discourage investment. You need to look at it from a macroeconomic perspective and not from your own personal perspective.

>>10568143
>>10570484
>>10570541
Hyperinflation of the currency typically only happens when there are other economic traumas. Venezuela had socialists destroy the economy. Zimbabwe kicked out all the farmers that sustained the entire economy. Germany was figuratively raped by France. There is no reason for the dollar to collapse, we are at a steady inflation rate. Unless there is a war or natural disaster or comrade sanders gets elected: we are safe.

This idea that the dollar is going to randomly collapse one day is a meme. It is pushed by gold merchants to get you to buy their products. The idea of a spontaneous society collapse is also something that people naturally take to because civilization is an unnatural environment for humans, and we secretly wish it would all go tits up so we could live like humans again.

>>10567786
Which explains why billionaires have portions of their fortune in these "beanie baby rocks".

>>10567774
>You got to adapt with the times ya know
>My granddaughter is dating a man of colour and I'm 100% proud of her
>My grandson told me about this Bitcoin thing so I bought Tron and Ripple.
>My wife's boyfriend Jacob won't accept gold coin tips, says he only wants dollar bills
>Fucking boomers, wish we brought back the gold standard

>>10574052
>shits on gold with his stupid chart
>doesn't shit on the dollar with his stupid chart, which has done significantly worse
>muh would have made 5 gorillion in stocks
>but please ignore the fact that each dollar is worth 1/10000th of what it was 200 years ago

If you have to 'invest' your money just to keep the same purchasing power, it's a shitty store of value. If you can't put some amount of dollars under your pillow 30 years ago, and have it buy the same amount of goods today, it means the dollar is a shitty store of value.

Who gives a shit if you're making more dollars, when each dollar can BUY LESS GOODS. it almost evens out.

A metaphor for putting dollars into the stock market to outrun inflation is the same as having your shitcoin increase in sats while bitcoin is tanking like a mofo. Who gives a shit that you have double the sats if bitcoim is worth less than half in dollars what it was? You may have more sats but you have less money because you can BUY LESS GOODS

>>10575053
you missed the point by a mile congrats you won the """special""" prize!

>>10573722
No, what it protects is jack shit because it's a worthless shiny rock with no practical application.

Land would be far more valuable. Food would be far more valuable. Ammunition and supplies would be far more valuable.

Gold would just be useful for giving to idiots that think it has some innate value or use in society outside of the limited scope of vanity or corrosion resistance.

Its a precious metal with extremely limited uses. Literally the main use and cause of its value is vanity.

>>10574878
Diversification is wild like that.

I bet they have far more of their wealth in shit that matters though like property or oil.

>>10573728
>Getting buttmad about my mention of Jesus being a farce, but completely avoiding the rest of the point

>>10569008
I will offer you three dinars and a goat for that child

>>10576597
you are a clown kid

>>10567802
>be brainlet
>not knowing how your currency system works

not going to make it.

>>10576687
4 dinar, a goat, your hat and help me carry child to slave pen and we have deal.

>>10576531
Well DUH dumbass

The term is "balance" and the reason they remain billionaires and you remain a cult member to a pyramid scheme.

Can't wait to drink all the goldcuck tears when asteroid mining comes out.

>>10567774
>AUspies this desperate
When you go to a gold shop you’re paying usually 1.10x spot at least. Then you find out how illiquid it is and when you go to sell it, you get offered 0.9x spot.
>just take 20% off the top please.
Who’s getting jewed?
>>10568987
>implying they are remotely the same thing
BRK.B is a much, much better place to store your wealth long-term than gold. Diversify a bit though.

>>10577016
Can't wait to drink all the normie tears then the first hacked robot or suicidally depressed astronaut handlers hurtles one of their solid gold asteroids directly into their corporate HQ at 7000 times the speed of sound and everyone dies except the NEET asteroid miners.

>>10577016
it's still a century out unless someone invents the warp drive

>>10577016
Remember in the 1970s when everyone knew we'd have flying cars but the 90s? Man i love my jetsons lifestyle.

>>10567940
Gold prices are being suppressed by the jew dollar at the moment S&P, real state and bonds are having insane returns at the moment. Fucking apple now has a market cap of 1 trillion.
As the USD grows in demand the price goes up and the demand for gold goes down since it yields lower returns at the moment.
Still the us U.S. has a recession every 10-8 years now so buying cheap gold now will be by far. The best investment you could ever achieve.
Gold has a constant annual return of 13% and is a long term investment that will.make You a fucking millionaire when shit hits the fan in about 1 to 2 years.
The nasdaq composite is showing a huge bubble that will burst in no time. And when economy crashes again then the price of gold will go to the fucking moon. 40k for a kg is a joke now, expect 200k for the kilo at the lowest in 2020-21

>>10567970
Every recession makes the value of gold jump. So far in these 18 years there has been 2 bubbles that wrecked global economy. Look at the S&P and real state price surge. We are in the midst of a fucking bubble

>>10576513
>the only 2 scenarios conceivable in your brainlet mind are either what we have today, or Mad Max/Fallout complete and total anarchy

Remind me again why billionaires hold large quantities of their fortune in gold instead of building weapons factories in their backyards?

>>10576513
>what was the dot com bubble and the great recession...

>>10577555
The ultra wealthy don't own huge vaults of gold, they on real estate and businesses.

After the Roman Empire collapsed, the ancestors of the rich fuckers with land in the periphery became the nobles and new elite in the medieval era. It wasn't a bunch of dipshits that held claim to a pile of gold. Sure those latter people got gutted and robbed and murdered.

Go own land if you are betting on a collapse of society, otherwise, buy Swiss Francs or treasury bonds or common commodities, or ammo and canned corned beef.

100%, land, businesses, power outweigh shit assets like gold, shiny jewelry, gems, if society resets.

>>10567920
buy graded double eagles sell to apmex wow u dumb

>>10577722
I'd like to piggy back off this.

I've put some serious thought into this recently. What can I store money in that will provide returns and isn't primarily speculative. I don't trust Vanguard or the boys on the street to act in my best interest. Sure index funds are fine but I can't physically own that. I can physically own PMs and coins but they're worthless to me because it's completely speculative. I understand PMs are great hedges against inflation but that's not what I'm after. So now I'm left with what? Real estate seems to be the only play but I'm shit at managing, carpenting, and fixing things. and with loans going up and cap rates getting lower. purchasing RE right now might not be the best move. Farm land is the next thing that comes to mind. but the returns are trash.

why does Every theoretical discussion on gold always de-evolve into "muh shiny rock useless in end of the world, me need shot gun and beans"?

nobodys talking specifics ffs. we are talking on what money IS conceptually and why gold is real money.
the truth is, even when society breaks down (fall of roman empire) gold was still valuable back then as it is today. you got the same amount of shit for it as you do now... and people were still willing to swap things for it in the advent of infrastructure break down. barbarian wanted it too.

you have all been brainwashed growing up with fiat. you dont even know what money fucking is.

Every society till USA came along and changed it in 1910, had all their money minted from exact weight of gold. governments had no influence on the value of their currency.

>>10567786
nice LARP

>>10578047
What coin is this?

bump

What about putting 200$ into some silver coins as first investment to have some "backup" if fiat is doing an Venezuela/Weimar?

Since silver is wayyyy undervalued compared to gold.
Like 2 of each:
Philharmoniker, Silver Eagle, Maple Leaf, Krugerrand

>>10577897
Everything is shit right now. Everything is overpriced and fucked. Stay in cash/ play short-term gambits on the dying bull market and wait until the bottom falls out and the dust settles to buy.

Gold is so heavily manipulated and concentrated in the hands of shitty banks, that if the system collapses they will probably flood the market and sell their gold to stop their bleeding balance sheets and gold prices will collapse with everything else. It's a commodity with a cult of personality, idiotic.

/biz/ is literally dumber than niggers, lmao

even niggers know a peice of gold is worth a lot. biz would probably throw it in the trash bc "muh useless shiny rock"

>>10567774
I like silver better but you are correct

>>10578047
>even when society breaks down (fall of roman empire) gold was still valuable back then as it is today
missed the point entirely. when the visigoths were burning shit to the ground, food, swords, and armor were valuable. imagine being some gold-hoarder in libya when it was getting bombed by nato and sacked by isis. you think he was better off during that time than someone who stocked on guns and food? gold is only transcendently valuable on the premise you are alive to use it. put the cart before the horse.

>>10568451
you are right but only to an extent, 1oz gold coins look like quarters thru x-ray/metal detectors and are worth $1,250 per piece.
how much change could you bring thru an airport without being taken to secondary, is a better question. but ultimately, yes, btc has far superior wealth-transfer throughput than anything.
keeping that on-chain, however, is asinine...
>pic related, the sleeper-flippening

My only real problem with gold is how you're supposed to sell it for real cash once you need it. If you take it to a gold broker they'll just fuck you over anyway unless gold is really expensive and worth way more than you initially paid for it.

>>10568325
>because then everyone would put their cash under their mattresses and the economy would grind to a halt
so, in other words: "if a currency doesn't lose systematically lose its value, people won't buy things" - but people need things no matter what, retard; it won't stop people buying cars and going grocery shoppings and engaging in (expensive) recreation.
it's literally just a trick that THEY fucking use to keep the common-folk poor who aren't financially literate enough to invest in things that can beat inflation.
please, rebut this assertion, someone. i am upset!

>>10578950
Nothing wrong with that. No one in this thread is advocating for converting all of your dollars into bullion, but it would definitely be smart to have at least some. Except 200 bucks isn't much at all. To give you an idea, I have a high 6 figure net worth (excluding equity in my primary residence) and I have about 5k in metals. It's not much but in a SHTF scenario even just a few Oz of gold will buy a lot. Tho you're on the right track with silver being undervalued compared to gold. I have about half of that 5k in gold and half in silver.

The solution is this- gold-backed crypto. PoW is a waste of energy, but Proof of Gold would be perfect. Still deflationary rather than inflationary like Bitcoin, but actually backed by something real and physical.

>>10579161
your perspective is all wrong: you don't buy gold in hopes of getting more labor tokens back than what you exchanged to get it in the first place; you buy gold as a hedge against all government money because if where you live ever gets venezuela'd, you'll be looking to trade that gold for guns/food/plane-tickets/whatever, not a rapidly deflating fiat currency

>>10579096

thats depending on society collapsing. absolutely not happening. you are taking the gold value into the extreme man. this is the brainwashing imo, people seem to think golds is only worth anything because of society collapsing, and then why not own shotguns and beans? ts a false argument.

like i said, i just explained how the entire point of the thread is on the concept of what real money is, i only gave that example to outline what we arent trying to discuss, but people keep going back to it.

i have some news which you all fucking forget: your USD, GBP, STOCKS, Bitcoin, is all just as fucking useless in that situation. you are all making such red herrings

>>10579250
i meant inflating because i'm a big retard.
if anyone hasn't seen the visual, relative size of mcaps by the way, i encourage you to check it out : http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/
little dated but still proportionally relevant.
notice how the global derivatives market dwarfs literally every other sector combined.
notice how the majority of bitcoin's volume comes from the popular derivatives exchange, BitMex.
Interesting.

Ive got a literal sack full of Iraqi and US gold coins inherited from my based grandfather and 3.3 BTC.

>let the dollar collapse homos.

>>10577092
no need for a warp drive in the solar system.

>>10568098
>>society collapses
>>nobody takes your silver
>>they want to barter for ammunition, goods, or services
>nice plan
you're actually retarded, look into actual collapse scenarios before you think it's like Left 4 Dead or some shit, christ.

>>10579250
Stop perpetuating the only guns and ammo are valuable meme. Today's society or Fallout universe are not the only 2 options.

The "collapse" could be as simple as 1 Oz of gold being reevaluated overnight to 50k USD instead of 1200. Or similarly, real estate devaluating from 500k USD per a particular parcel to 150k USD.

Those who have several million dollars in the bank and think they made it will wake up one morning and find they still have 3 million dollars, except instead of being able to purchase tens of houses for this money they will only be able to buy 1 or 2

>>10579313
actual localized collapse of infrastructure and service shows minimal use of barter and usd being the fucking king followed by cigarettes booze and gas.

>>10579035
Yeah that's what I'm doing. I have decent positions in crypto and whatnot. But I totally agree with what you're saying. Now's not a good time to put your money in anything. So I'm just sitting here. NYSE is just melting up and we seem to have forgotten how economics work. And yeah PMs are Uber controlled. But who knows how long we'll have to wait? Guess I'll just have to keep wageslaving.

Honestly I've been looking on sites like buybizsell and considering purchasing an existing business like a gas station etc.

>>10579228
Yeah but the 80 IQ pajeets, chinks and gay Finnish college students that create new cryptocurrenies have no access to gold to back any coin with.

if society gollapses you would like to have sugar(packed calories) and guns, nobody wants your gold at that point. gold is just trading vehicle for short term trading like bitcoin

>>10579727
You'd probably want seeds, fuel, fertilizer, flour/ rice, medical supplies, books, alcohol, tobacco, ect.

Anything in the world but wafers of inert yellow metal.

BTC is gonna be manipulated the same was as gold isn't it?

partially backed future contracts. they have a 25 oz contract backed by 1 oz, but still claim "asset settled".

the NYSE deal with crypto is doing the exact same thing, and people are eating it up. btc is so fucked now.

>>10579987
Explain further

>>10580199

not much more to explain. its how gold is fucked around with.

21 million BTC exist, wallstreet fuckers cant even get them as nobody sells them.

solution: create a contract that offers 50 BTC, for 1 real BTC. its asset backed. but not 1:1.
Now wall street can play with as little as 100k BTC, but have the volume and liquidity power of 5million BTc. 1/4 the entire supply. they can do whatever the fuck they want with it. basically creating new bitcoin.
its fucked, sad, but its what they do with all metals, and even USD.

>>10579184
gold in 1oz units is somehow too much for me.
I would most likely buy it in 1/4 oz parts even though it will be more expensive.

>>10579987
that is correct. they've been doing it.