/biz/ - Business & Finance

in the future this guys pic will be in the dictionary for 'stubborn'

to think that if he just bought $100 of crypto when he first heard about it, he'd be richer than god now

>>10828722
retarded to costly and complicated to trade and hold. doesn't even outperform inflation.

>>10828751
>doesn't even outperform inflation.
because of etf the CME keeps making paper contracts to keep price down

when push comes to shove, both gld and cryptos will moon to their rightful positions in reality

why_no_both_beaner_loli.jpg

Did i hear gold?

>>10828783
This. Schiff is ahead of the curve. When gold goes to $5,000 ya'll going to be wishing you had some. I've got a nice bag of 10oz stashed away for when it does go to the moon.

>>10828866
rofl that's 500% baby gains. if you held btc for just about any 3 years you would have made a fucking killing man. jesus fuck. but even stocks i mean they outperform gold so bad it's not even a joke.

>>10828745
I've been shilling Link to schiff on his fb page. Never get responses.

Schiff is right about gold tho

>>10828722
..if you want to keep on losing.

>>10828751
You aren't supposed to trade gold until after the fiat collapse you stupid nigger.

That's the entire point in holding gold you moron. To protect your savings for when fiat implodes.

You aren't supposed to trade gold for more worthless fiat you faggot.

If I buy gold at 1200 and it goes to 2000 and I sell I didn't make a profit it's a phantom profit. All that happened is the dollar got more worthless.

And the reason it's not completely keeping up with inflation is because the dollar price of gold is entirely the paper price of it manipulated by comex. When they can't rig the price anymore the real physical price of it will be unleashed

>>10828783
>had
BINGO 10000000% correct.

Good to know some people have brains when it comes to gold

>>10828946
>You aren't supposed to trade gold
you have to buy it somehow and sell it later do you know what's that called stupid nigger?

>>10828866
And that 50k in gold when gold goes to 5k will be worth a lot more than what 50k buys you today.

10 ounces of gold will probably buy you a small town after the deflationary collapse

>>10828946
>And the reason it's not completely keeping up with inflation is because the dollar price of gold is entirely the paper price of it manipulated by comex.
that's probably a serious misunderstanding of markets but say it's true for argument sake: so why ever would that change in the coming decades?

>>10828919
A gold ounce 900 years ago is still that same gold ounce today. Do you get that?

Gold is stored economic energy. Real savings.

Gold was money thousands of years before the stock market or dollar even existed. Gold is wealth.

If the dollar dissapeared from the planet tomorrow. My gold ounce is entirely unaffected.

>>10828965
You aren't supposed to trade it for dollars you moron.

When I go buy gold I'm doing so for a fiat collapse. I'm not buying it to sell for more worthless dollars. Do you get it?

Sure you can trade it and make extra fiat in not saying you can't do that but that's not the reason serious gold bugs are buying it.

>>10828722
so does anyone have any gold ETF's or are you all storing physical gold?

It seems so much of a hassle and I don't think there will ever be a FIAT collapse, recessions for sure though

>>10828984
>A gold ounce 900 years ago is still that same gold ounce today.
no it's not it has been greatly devalued as it is mined at an exponentially growing rate. and we have shittons of gold compared to 900 years ago. it's not even a very rare metal compared to say cesium and uranium.

>>10828979
It might not change for decades. But it also might happen next week with there being an overnight gold revaluation.

I can promise you.... when the day comes that you will need gold.... it will happen instantly. One day you will need it and won't be able to get it.

It will be no offer. Coin shops owners will be gone

>>10828995
Don't waste your time, let them be ignorant. they can do their own research.

>>10828919
>rofl that's 500% baby gains.
who cares, I'm not doing it to get rich, just economic security to protect some of my savings, like >>10828984 said

>>10828995
>When I go buy gold I'm doing so for a fiat collapse.
yeah all fiat currencies will collapse at the same time and people will try to wire shiny rocks to the apple store and amazon from then on. when one fiat collapses a new one is born immediately. unless the world truly goes the crypto way but i sincerely doubt it.

>>10829011
Nice stash. How many oz? Also I could swear I've seen this before, did you post on reddit a while back?

>>10829007
Here's your problem.... what has made gold money for milennia isn't just its rarity. Rare is just 1 component money has to be... has to be fungible, indestructible, unit of account, anonymous, store of value, etc etc.

Gold is rare but it's not too rare. If it was too rare it wouldn't have worked has money. But it needs those other properties as well. It's not just rarity that makes gold valuable and money

All civilizations collapse when they take their monetary policy and throw away PM's. The reason they take it away from PM's in the first place is because they are power hungry, it's pure greed they have no interest in the civilization lasting or stability just quick profits for themselves, this is the kind of autistic thinking of the people currently completely controlling our monetary system of the entire world.

>>10829012
real estate is a better store of value and a better protection against financial turmoil. only in times of war it becomes a serious liability.

do you expect deflation? hold cash!
do you expect inflation? hold stocks!
do you expect the financial system to collapse but not civilization? hold real-estate!
do you expect war and running for your life? buy btc!
do you like shiny rocks that cost you money? buy gold and silver!

>>10829019
Dude it's NOT about wiring fucking gold. It's about it being a baseline representing value. That's why gold has been money for milennia.

You can actually read a bible verse that says you could purchase 350 loaves of bread 2,500 years ago for 1 ounce of gold.

If you take a gold ounce to a coin shop today you'll get like $1,200 for it. If you take that $1,200 to a grocery store you can still buy roughly 350 loaves of bread just like you could 500 years before fuxking Jesus Christ was born.

All that will happen is you'll have a gold revaluation - a new currency....

What do you think is going to happen? All fiat currencies crash and then everyone is just going to barter toilet paper for blowjobs the next 4,000 years in some sort of closed loop barter system?

>>10829047
>real estate is a better store of value and a better protection against financial turmoil.
well I can't put real estate in a tiny bag and trade with it off the grid

>>10829032
>Rare is just 1 component money has to be
well gold is not exactly rare. and it's not a store of value really, but the worst is it's not fungible because it's so fucking easy to make fake gold with tungsten and osmium that you can't fucking trust your eyes and hand at all when you try to transact gold like money. it's also not very divisible you got 1 oz coins mostly but what about change? nigger it's retarded gold will never be money again.

>>10829047
No it's not dumbass. First of all almost nobody owns a fuxking house... they have mortgages.

Also if housing was such a great store of value what happened to all the people who went bankrupt and lose their homes in 2008?

Housing is overvalued because fiat has inflated the prices of homes.... hence why there was a 2008 housing crisis

>>10829076
no it's not money it's a store of wealth.

>>10829090
wait are you trying to bullshit me into pretending i said getting into debt is a store of value? nigger you best not be serious!

Real Estate is one of the BIGGEST risks to hold in a currency crisis, it's impossible to hide and most of the current generation have been brainwashed by the schools to believe in socialism. I'm surprised at how many autists there are, but then again all you have to do is look around you and see how much debt people are in and go to the nearest casino to see how dumb the average human mind really is.

>>10828722
>Ditch crypto. Buy gold

I accumulate DGX. So...both?

>>10829116
>go to the nearest casino to see how dumb the average human mind really is

I'm fairly sure /biz/ is worse than a casino, the amount of people who invest in absolute shitcoins/scam coins is staggering. Atleast at the casino you get free drinks

>>10829070
>He pays more than $1.00 for bread

>>10829116
>Real Estate is one of the BIGGEST risks to hold in a currency crisis
we had many in my country and i can tell you this, it works. it just fucking works inflation goes straight into real estate prices and nobody dares touching them because it would be a revolt involving like 90% of the population. we had many shit systems and many shit times but aside from war and and the communist confiscation (which was backed by an external superpower called soviet union) holding real-estate was always a winner in the end. not necessarily houses land that can produce will always have value.

>>10829184
It depends on the bread. I have gluten allergy and my special bread costs $5

>>10829070
>It's about it being a baseline representing value.
i'm telling you it's fucking not.

>>10828928
>Schiff is right about gold tho
yeah, but he could have and should have just held both, even today he's still stubborn lol

he's 100% wrong on his gold credit card thing which pretends to be a cryptocurrency
btc is far superior than trusting a 3rd aprty

>>10828946
this

>>10828979
because at some point there will be an economic shock that will make people rush to buy, and then they'll find out there's less metals for sale than people think, all those paper contracts will be worthless because they never actually existed, only physical will matter and gld's price will break out of its prison

also gold standard is coming
china, india, russia are getting ready
trump would like a gold standard too

national fiats are in their final days
the replacement will probably be resource/gold backed state crypto/s or digidollars

>>10829019
>all fiat currencies will collapse at the same time
what is the world reserve currency?

crypto is fine to hedge against fiat collapse
but if the power goes down, how will you use your crypto? your funds will still be there and you can use it again when the power goes back online, but that may be a week or month or year

> gold as investment

Lol

>>10829047
Enjoy being a property tax donkey

>>10828928
>>10828946
>>10828951
>>10828967
>>10828984
>>10828995
>>10829010
>>10829032
>>10829070
>>10829090
while i don't agree with the name calling - it reduces believability - this is the guy who understands gold

>>10829209
The primary function of money is to measure value goods exchanged for it. Money is a barometer to measure value you brainlet.

Which is why gold has been money for 5 thousand years cuz its the best measure of value

I'd be happy to invest in gold, but how does one do it without dealing with money-grubbing middlemen? I can guarantee that if a person tries to sell bullion in my country, they'll be getting ripped off by merchants and jewellers etc. Is there some official way to trade physical bullion?

>>10829614
The name calling is fine to do.

I hated obama because of his communist policies... the fact that I call him a stupid nigger after giving reasons why he sucks doesn't lessen the arguements I made of why he sucked

lol

>>10829649
Dude... when you buy subway sandwiches are you complaining about the middleman/business owner buying that meat and selling it to you for a higher price?

>>10829653
no problems with that, i meant name calling of people in this thread you're trying to wake up to gold and PMs

>>10829659
If you had to haggle and bargain and shop around for the best price then yeah, I would complain. This isn't a sandwich, it's a commodity with a market price. So you're saying there's no way to for normies to get market prices?

>>10829657
This will happen again if Bernie Sandoff become president in 2020

>listening to peter shit

how does it feel being a broke ass?

>>10829689
>>10829689
Dude.... go open up a coin shop and sel and buy gold at spot. See how long you'll last in business.

Sure there are some places I can get a silver eagle 3$ above spot wher others sell for 4$ above spot. So obv I'm going to buy at the place for 3$ over but it's still a markup.

Doesn't matter if you are buying food, gold, pussy, toilet paper, or lambos.

That gold business isn't anymore of a money grubbing new than the lambo dealership marking up the price of the lambo you will buy after you make millions in crypto

>>10829011
>>10829022
>Search by Google
>>10800905

>>10829614
more like he drank the gold merchant coolaid thoroughly. i have been holding some gold and silver since 2013 i had a lot of time to think and research. my first reaction when i had money was also not to lose it and i too bought into this fucking retarded scam. the reality sank in since. gold mostly did nothing while food prices increased by about 30% rent increased by 50% and so on. i realized after more research into the supply and demand on gold and everything is there is no reason whatsoever for gold to be worth a $1000 an ounce. you first just believe these lies portrayed as evidence they sound convincing but they are without substance then you look at what the people do that spread them and you see they are making money. selling you fear and fucking useless metal.

>>10829775
Why are you comparing gold to toilet paper and lambos? People don't buy toilet paper and lambos as investments, and don't expect there to be a liquid 'toilet paper' market to sell in. I do expect that there's a liquid market for whatever I'm investing in, and therefore that any markup by middlemen should be minimal. If local dealers are marking prices up and haggling during an economic boom, how much of a premium will they charge during an economic downturn when they're struggling to keep a business open?

Is that $3 figure correct? 10% markup? 10% during a purchase, and then again during a sale? With capital gains owed on any significant gains? What a fucking scam.

>>10829653
it just makes you look immature, gold kike

>>10829903
My point is EVERYTHING you buy is marked up.

A gold dealer selling you a gold ounce 40$ over spot is doing to for the same reason the supermarket is marking up the price of bread.

To make money

>>10829903
Buy for 3-4$ over for silver eagles. Sell back for spot or 1$ over typically.

I don't get what you mean by its a scam? A gold and silver dealer is doing the same thing someone selling you furniture is doing.

Also you are being sold a real asset.

That's what you people don't understand. Gold is an asset that represents wealth. Your being sold something real

>>10829005
Not your private keys, not your gold

>>10828745
>to think that if he just bought $100 of crypto when he first heard about it, he'd be richer than god now
So this is..the power...of hindsight

>>10828745
it's not a gain if you can't cash out
no moon lambo dealer accept tether

>>10830351
it is, but it's entirely possible 20 years from now people will say the same about today. can't you risk $100 on that chance?

I'm not buying your bags you boomer.

Protect your savings. That is funny. What savings. Gold bugs never die. They want real. But what is real is not real.

>>10830388
>can't you risk $100 on that chance?
On what chance though? There are tons of investments out there

>>10830664
yeah but none of them will buy you a retirement for $100 by just holding.

>>10828722

Wrong century fren.

AI, asteroid mining, who knows what else.

Gold will be about as rare as water in the future.

>>10830419
Gold is REAL savings. That's what your Jew infected brain educated by shitty public schools doesn't understand.

First generation in human history that doesn't understand gold is savings.

Starving niggers in the Congo with no formal education whatsoever understand this

>>10830714
gold is just a metal that is awfully abundant in the universe especially on earth. why not make tantalum money?

>>10830714
>Starving niggers in the Congo with no formal education whatsoever understand this
read that again...
>being proud of having the wisdom of starving niggers in africa
sure about that?

>>10830762
Doesn't have the properties that money has to be.

There's a fuckingn reason gold has been money for thousands of years.

I'd suggest learning why.

>>10830785
libertarians are dumb enough, but it is just downright humiliating to be a goldbug and a libertarian

>>10830785
>Doesn't have the properties that money has to be.
namely?

>>10830770
No.... those starving niggers who know gold is money and real savings are smarter than west. Because the west thinks debt instrument fraud dollars is money. It's not.

The dollar initially got its value from gold. If banks started issuing dollars 200 years ago not backed by gold Americans back then would have laughed and told the banks to fuck off.

Moreover half the reason WW3 is going to happen is because the east doesn't want to trade in worthless dollars anymore.

There's a reason everyone in the word hates Jews. And taking dollars off the gold standard is that reason.

>>10830785
>Tantalum is a rare, hard, blue-gray, lustrous transition metal that is highly corrosion-resistant. It is part of the refractory metals group, which are widely used as minor components in alloys.
basically it shits all over on gold. and it's fucking rare in the known universe.

>>10830798
China India and Russia have been accumulating gold in record tonnage for a decade now. You think they are doing that for fun?

>>10830785
kys

>>10830815
fiat money is the legal unit of account
it's legal tender (which gold is not except for a few bullions but those aren't legal tender because they are gold but because the government says so)
you can pay your taxes in fiat but not in gold

so no gold is not money it's an asset and a raw material. much like lead or steel.

>>10830828
not sure what to think about it but the west seems to be happy about dropping their bags on them. we will see in a few decades who was right i guess.

>>10830816
Maybe tantalum could be a good money candidate.

But what did you expect people for thousands of years to transfer value in considered tantalum wasn't even discovered until 200 years ago

>>10830816
What's tantalums melt point? If bet a gold ounce its much higher than gold

>>10830857
yeah i'm just saying gold is not scarce enough to be money and we are using shittons of it in the industry meanwhile tantalum is only used as trace material.

>>10830869
about 3 times higher than gold why?

>>10830816
So even if tantalum was discovered thousands of years ago.... it probably wouldn't have been as good a candidate as gold for money because I bet the melt point is much higher than gold

>>10830883
There's your answer. Even if tantalum was discovered thousands of years ago they would have never been able to melt it down.

So it wouldn't have been used as money

>>10830894
no i mean now... if we want metal money right now why pick gold? shouldn't you be buying tantalum preparing for the coming shift in the world monetary system?

>>10830871
Actually one of the reasons gold is money is because it's rare but not TOO rare. If it was even scarcer than it is now it wouldn't have worked or at least it wouldn't have worked as well

>>10830902
I don't know? I mean it has history behind it. Maybe tantalum could do a good enough job as money. Why change it tho?

>>10828967
If such a collapse happens you will want bullets not gold lmao.

>>10830943
You are dumb. Is there some sort of Las stating that if you buy gold you can't buy bullets too?

If you knew the dollar was going to collapse in a month. Wtf you going to do? Put your entire net worth into bullets and canned food?

You aren't going to protect your wealth at all but putting a good percentage into gold so you can have money when a new currency is issued?

>>10830351
he's been disagreeing with crypto people for 10 years now who have repeatedly explained why crypto is good, and he couldn't even put $100 in

>>10830388
yep, oh well they can be our slaves in the moon base

anyone watches mike balooney here?
it's highly entertaining to be honest. even tho i know he is just a dirty money grabbing jew who greatly distorts correlations out of proportion. he says it will be gold and silver that we return to, but god damn crypto came just in time so tat we don't have to.

and there is one thing some countries can mine gold others don't have any. but wealth should be distributed based on the performance of the economy right well fiat did that alright in the past decades.

metals are dumb like that. that's why i don't believe all countries will just accept them. as money.

>>10831774
You don't get it. We aren't returning to fucking exchanging in silver and gold you dumbass..... it's that gold and silver have to be the basis of value.

You can have crypto but you need real physical tangible wealth backing it.

If we return to a gold standard that just means all prices..... whether it's a blowjob from a hooker, toilet paper, or lambos..... are all effectively gold prices.

And then you can use crypto to exchange fast

>>10830983
Money isn't supposed to increase in value dumbass.

When they started issuing dollars and you earned 5 bucks for a week of work..... you didn't expect that that 5$ would buy you a house 4 years later.

Money is supposed to be constant in value.

Bitcoin is a speculative asset where if you bought bitcoin in 2010 you can now buy a house with it a mere 7 years later.

That's not how money works gooftard

>>10831838
>You can have crypto but you need real physical tangible wealth backing it.
no you have to have economic performance behind it that's your most serious misunderstanding. gold was a very awkward and primitive way to account to economic performance. crypto could be much much much better faster convenient. doesn't need anything physical behind it at all.

>>10831862
>Money is supposed to be constant in value.
actually the most desirable is lightly inflationary. because that gives incentive for people with wealth too take risks and keep that wealth participating in the economy.

>>10831862
>Bitcoin is a speculative asset
and gold is not according to you even tho it is according to just about everyone on this planet aside from a few cultists.

>>10830971
Your wealth will be mine you clown.enjoy your shiny rock.

>>10831984
How is gold speculative? It's been money for milennia. Gold is real wealth. Kings owned it. China is accumulating it.

How are
You people so brainwashed?

>>10831931
The dollar used to represent gold. They unbacked it and now the economy is fucked as a result. You can't fucking make it when not on a gold standard.

50 years ago you could drive retarded children to school on a bus and make it.

>>10832815
>How is gold speculative?
it just is people trade it and speculate on the price there are futures and indexes and shorting and shit...
>It's been money for milennia
so paper is money now? because bills are printed on paper?

>>10832833
>They unbacked it and now the economy is fucked as a result.
no the economy can work wonderfully without gold. that's not the reason why it is fucked now. the reason is they didn't allow it to contract naturally so it has more stress now.

>>10832844
The dollar used to represent gold you moron. No gold = no dollar.

>>10832859
How's the economy working now? 21 trillion in debt

>>10828838
go away /pol/tard

>>10832892
you call me a moron jesus... your head is thicker than the frontal armor of an is3. no gold does not equal to dollars at all it probably never did the entire thing was a lie from the get go. the dollar derives it's value from economic performance. just understand this concept finally! gold is not economic performance before we had real money it was the next best thing to represent it but that was thousands of years ago.

>>10832905
>21 trillion
what? ounce of gold? what's your problem fiat is worth zero right so that's zero debt right? fucking moron!

>>10832939
Gold gave the dollar its value brainlet.

>>10832962
it didn't you fucking imbecile! in the end economic performance and labor / service gives value to money.

>>10832905
>debt
Debt is just a social construct. It's not possible to pay it back. What are you gonna do about it? Sane person wouldn't give credit to someone with sucha high debt, but yet someone is, on a worldwide scale. It's all a Jew's joke

>>10832915
>muh PAWL
Nigger.

>>10828967
I thought gold will always have the same purchasing value? How can you a small town with it, when you can buy the same amount of bread after thousand of years? When were you able to buy a small town with 10 ounces of gold?

>>10833085
>I thought gold will always have the same purchasing value?
hardly the gold above ground grows at an ever increasing rate, and there are thousands of competing assets used as store of value today. so golds market cap if you like is relatively tiny.

>>10832990
They are going to revalue gold much higher one day to purge the debt from the system

>>10832974
Ok and how do you store that value?

If what you say is true then there was no need for a gold standard from the get go. Yet there it is in the constitution. Only gold and silver shall be legal tender... because if it isn't... our brilliant founders understood the economy would be fucked up just like it is today

>>10833085
Because everything..... homes..... food..... and all assets are so over inflated because of fiat money.

So when it collapses the pendulum is going to swing back times a bunch more because the manipulation has it coiled like a spring.

Just like the hotel bellcap in Weimar Republic Germany who saved up 25 ounce of gold... which isn't a ton.... and after hyperinflation he was able to buy a city block.

In Venezuela right now where the bolivar has imploded a single ounce of silver buys you 3-4 months of food on the black market..... which SEEMS incredible that it would buy that muh... BUT....

For most of human history and even in the US couple hundred years ago a days wage equaled a silver piece the size of a silver dime or Roman denarius.

So 1 ounce of silver = 14 silver dimes. So it obviously makes sense historically if you worked for 2 weeks and bought nothing else but food you could pretty easily accumulate 3-4 months worth of food, which is right in line with an ounce of silver buying 3-4 months of food in Venezuela on the black market.

Your avg American makes about 150$ in fiat per day which equals about 10 whole ounces of silver. So this flies in the face of economic reality....

So if you have a fiat collapse and deflationary collapse and you have a mere 500 ounces of silver stashed away. That's going to be a kings ransom since foremost of human history it would have taken a person 14 multipled by 500 days to save up 500 ounces of silver... and that's if he didn't spend ANY of his money.

What's 500 times 14? 7,000 days? So for about 8k right now you can have the equivalent of 7,000 days of working pre fiat money saved up. So you'll be sitting absolutely fucking pretty.

>>10828995
This. I buy silver for fiat collapse when I can laugh at all the bankcucks and cryptofags. I can't wait to barter and watch the world burn. I'll grow weed and buy my tendies with silver.

>>10833223
>If what you say is true then there was no need for a gold standard from the get go.
there was no need but a long time ago gold was the best medium of exchange of labor and services and goods. it did work as money for a while. but then it was just the medium money was printed on.

but the value of all money comes from labor. that people are willing to do stuff for it. and give you stuff for it.

>>10833293
And of course we aren't going to back to buying shit with silver ounces but that's what's going to be the basis for prices after the crash.

And i said that 500 ounces will equal 7,000 days worked. It'll actually be much more than that. Because it'll end up turning out to be a 3-4 days wage will equal the equivalent of a silver dime because there's so much less silver available now and there's billions more people on the planet.

So 500 ounces of silver has the potential to be like 30 years worth of days wages after fiat fails

>>10833325
Yeah and how do you store that economic labor? Certainly not just dollars since the dollar is fucking failing. A dollar buys you a shit ton less today than it did in 1971 when we went off the gold standard, right?

>>10833325
I could probably buy pancakes, eggs, sausage and orange juice for breakfast for $1.25 in 1971. The same thing today costs 8$-9$ at least

>>10833325
to continue today you feel money has gone bad for one simple reason. loans basically borrow productivity wealth and economic energy from the future. and instead of holding back and actually working for future debt today we keep financing it from even more debt.

it has to collapse one time except for qe which just keeps the engine rolling at the expense of inflation. but they don't see inflation bad. they see it as something driving the economy and investment forward. of course it can't go on forever but it's not so much the fiats fault. if you had taken out loans (paper gold ious) on future gold production same shit would happened. in this regard gold is meaningless.

>>10829070
again the same brainlet with the same retard argument. PRODUCTION BRAINLET. We produce millions of times more bread than those days, if same amount of gold only buys you that much bread, it means it hasnt stored its value for shit.
Likewise if you put your worth into gold today expecting it to buy you the same 100 years ahead, your offspring will be terribly dissapointed to find that yes they are buying the same crap you did 100 years before with the same amount of gold, but everyone else has those things cause they are dirt cheap, cause production has increased exponentially, even taking into account the population growth.
So its a shit store of value, and thats without considering the increase in supply. There doesnt exist any perfect store of value for centuries, except for maybe land, but even its value that can radically change with time, ie when oil became valuable, some wasteland nobody wanted became very expensive.
Now in these days its even riskier to go for a store of value that could last even decades. Even Bitcoin could fail in the coming decades with better technology

>>10833367
nobody said there is no inflation man but if you look at it work hours perspective gold represents a lot less today than ever in previous times. a lot less manual labor goes into almost anything today than it used to. a fine dress in the ancient times was many months of labor today a high-end suit represents about a week of human labor at best. gold is at a historic low in purchasing power silver is wow it's fucking ridiculous man. even eggs sausages and everything are produced much much more efficiently today.

so again i have to say no to gold being a store of value still or it being money. neither is true. can gold appreciate a lot in the coming years? sure why not. it won't ever outperform stocks in any decade tho.

>>10833353
you store it with more factories, more infrastructure and a more educated and capable population. Yes, people, natural resources and updated infrastructure are the true store of value, as best as you can store it. Not your shiny metal! Your country could have all the gold in the world, all it takes is a middle finger from the rest of the world, and your dumbfucked, retarded populus and decaying infrastructure would mean the ruin for you

>>10833438
Ok let's say i concede your production argument.....

How else are you going to get your net worth 100 years into the future?

Dollars? America might not even exist in 100 years.

if someone worked 2,500 years ago and wanted his descendants to have his nest egg 2,500 years in the future. How would you get your value from 500 BC to today in 2019?

There were no dollars or stock market. Was there paper money back then? Well if there was it's long gone by now.

Gold is the only way to store value.

>>10833438
Also it does buy the same.

100 years ago 20$ was a good weekly salary. And 20$ also equaled 1 oz of gold 100 years ago.

If you saved that 1 ounce of gold from 1918 to 2018 and took it to a coin shop... you will get $1,200 for it which is STILL a good weekly salary brainlet

>>10833550
you cant! thats reality for you, the economy is fluid, if you store the value in a rock and dig it, its value is gonna decay over time, cause your production back then means less and less the more time passes, because production is increasing and hasnt stopped increasing in all human history!
Iron was considered a precious metal in BC, but as production increased, its value went down. If someone had store its value in iron, his offspring would be ruined.
You cant pretend to store value throughout the centuries unless you start a business with actual production of goods that can stay competitive in the changing markets.

>>10833498
What? You store it in factories? Wtf you talking about? That's not how you store value you fucking dipshit.... and even if you could store you value in lolfactories. Most of the factories from 80 years ago are fucking defunct today.

So what in the fuck are you talking about you store value in factories?

I can go to a coin shop right now and buy gold and store my value from my hard work. Wtf am I going to do? Buy a fucking factory? Are you black or just stupid?

>>10833592
Tell me why gold has been money for thousands of years. Tell me why china is accumulating gold in record tonnage?

Your literally arguing against water, by being anti gold.

If I had a gold fucking ounce 2,500 years ago I could buy 350 loaves of bread. If I was cryogenically frozen for 2,500 years and woke up today with that same gold ounce from 2,500 years ago in my hand I can still buy roughly 350 loaves of bread at the grocery store with it if I go exchange it for dollars.

I don't fuckingn understand what the fuck you are not understanding

>>10833596
we're talking macro level you absolute retard, not your personal investments, and i said UPDATED infrastructure, meaning updated and well mantained factories.

>>10833596
Ok wait... so you are saying basically that...... 2,500 years ago I would have had to work a lot longer for that gold ounce than today?

>>10833640
Yeah but if you fucking buy a factory it'll be fucking obsolete in 50-100 years so it'll be worthless. That gold ounce is still fucking valuable today it was before Christ.

Also if I'm making 1k a week how the fuck am I going to buy a factory to store my value if it even were possible to store my value in a factory?

>>10833632
holy shit you are stupid. Yes you come with your ounce and buy 350 loaves today, but loaves are dirt cheap today so 350 is not as much of a deal than 2500 years ago.

>>10833640
Fucking tell me right now.... I have 100k.... where do I put that 100k in so I have roughly the same purchasing power today as I will 50 years from now

>>10833659
>obsolete
not if its kept up to date and reinvested in
> if I'm making 1k a week how the fuck am I
by investing in such business that produce real actual value, you know, the shit you consume

>>10833670
You fucking cant reliably, buy land or start a business that you will pass down to your children is your only real choice. You dont know what gold's gonna be worth in the future. Yes maybe 10x in dollars, but buying you roughly the same. And roughly the same is shit when production has increased tenfold and everyone can afford it easily

>>10833675
And what happens if I invest in IBM or Amazon or whatever company....and I'm cryogenically frozen for 100 years and I wake up and those companies are out of business?

>>10833695
That's the point dude! That's what money is! Buying you roughly the same! Nobody is saying don't invest in amazon or factories.

But a fucking silver dime in 1964 bought you a gallon of gas. If I saved that silver dime in a piggy bank for 60 years and I take it to a coin shop today.... I will get about 2.50 for that silver dime and I will still be able to buy that same fucking gallon of gas that I could buy in 1964 after I earned that silver dime when working in 1964

>>10833695
You aren't fucking understanding the fucking difference between INVESTMENTS and MONEY.

>>10833704
You took a risk, if you expect to store your value for so much time you are taking a risk. And i mean really storing your value, not buying 'the same' 100 years down the road, 'the same' is worth LESS 100 years ahead, because of PRODUCTION.
Invest in things that will exist 100 years ahead most likely, like metal processing, energy production, airlines, trains, farming, etc. Shit that's essential. Wheat will be consumed, milk will be consumed.. Its not like your children or grandchildren will not touch those stocks or whatever, they will invest in what makes sense in their times, if they decide to keep storing that value

>>10833695
When I buy fuxking Amazon stock..... I'm doing that for a completely different fuxking reason than when I go to the coin shop and buy a silver ounce

>>10833733
but we produce 10x the amount of gas today, so that gallon is 1/10 what a true store of value would be buying you. The closest to that true store of value you could get in 1964 is either stocks or land

>>10833755
then you fell for the precious metal shilling memes, cause its not a real store of value, cause it doesnt take production into account when they shill it to you. And this century production is gonna explode

>>10833746
Gold is STORED ECONOMIC ENERGY. Gold gets its value from energy used in the PAST to get it.

When you have real fucking money like gold there is virtually ZERO risk.

If im cryogenically frozen for the next 300 years and I put my wealth all into gold. When I wake up 300 years in the future im going to be comfy as fuck. If I invest in my money into IBM I'm going to be scared shitless when I wake up in 300 years because IBM probably won't exist then

>>10833573
this is where you fail to understand the store of value issue... you think gold is a store of value and not a rapidly depreciating asset.

>>10833785
>the world and economy are static, nothing changes
>cryogenically frozen
nobody is talking about storing your value in IBM for 300 fucking years you brainlet. If you want to store your value, you fucking tend to it. You dont put it in a rock and dig it and expect it to have the same purchasing power 300 years down the line. Again you will maybe buy the same shit, but that shit's gonna be worth waay less , so its a shit store. There isnt a true store of value, cause we dont know how much production, science and tech will change in the future

>>10833764
Ok so..... 1964 was the last year for silver dimes. Let's say I'm 1964 you saved up 1,000 silver dimes and put them in a piggy bank.

Then the next year in 1975... you saved up 1,000 dimes that aren't silver.

If I take those 1,000 silver dimes from 1964 to the coin shop I will get about $1,200 in fiat for them.

If I take the 1,000 non silver 1965 dimes to a coin shop I'll only get the monetary value for them which is 100$

So tell me.... why is that?

>>10833788
thats what im trying to explain to this brainlet for 2 threads already, holy shit

>>10833825
So wtf do i store my value in? I'm going 300 years into the future and I have 1 million federal reserve notes. What do I put it in for when I get to the years 2318????

>>10833788
I bought gold in the summer of 2016. Its gone down $140 (11%) since then

>>10833827
cause your non silver dimes are made with a less expensive metal than silver, wtf kind of question is that. Why is silver more expensive than that other metal? circulating supply and production costs, most likely, and propped up by the precious metal market.

>So wtf do i store my value in? I'm going 300 years
YOU. FUCKING. CANT. Your best bet is land in some place you think will still be populated in 300 years. Your second best bet is investment in strong companies, and your offspring will take care of selling and buying other stocks to keep that value

>>10833866
Theresa a diffeeende between the manipulated by comex paper price and the physical price. When the manipulation ends the true value takes over

>>10833884
Yeah so your fucking value was stored in the real money silver dimes when silver was in the monetary system. Then they took us off a gold and silver standard and your money depreciates.

I earned a fucking silver dime in 1964 working as a hooker sucking dick and I could go buy a gallon of gas with that silver dime. Instead I saved it in my piggy bank until 2018. If I go take that silver dime to the coin shop I'll get about 2.50$ in fiat for it and still be able to buy the same fucking gallon of gas today as I could fuxking 60 years ago.

My value was stored in that silver dime.

>>10833907
no it wasnt, can you fucking read for once, you sound like a broken record >>10833764

>>10833888
>When the manipulation ends
1 it will never fucking end
2 people usually cry manipulation when the market doesn't behave how they wold like
3 when population caps and gold production just keeps increasing you don't need no manipulation for stagnation or drop in price especially when the financial markets are doing well

>>10833974
Yes it was! When you earned a silver dime 60 years ago you could buy a gallon of gas. And that silver dime today still buys you that same gallon of gas. Wtf are you talking about with production?

I can still buy that same gallon of gas.

>>10833974
Stocks don't store your value moron. A stock can drop in price 50% or a company can go or if business. Stocks are an investment not a store of value you moron

>>10834158
i already explained it like 5 times, there is just no point with you pm tards

>>10834181
So why do PM's exist? Why does a gold ounce cost &1,200 in fiat? Why have PM's been money for thousands of years?

Why could you redeem gold with your dollars at banks under a gold standard?

What was the point of that all?

>>10834158
>all good appreciated the same over the years
i bet you could find half a dozen that also stayed the same on silver cost but i bet you you could find a hundred to each of those that didn't

>>10834181
Why did a dollar used to equal an ounce of silver? Why is an ounce now worth 16$?

>>10834205
WAYYYYYYY Too short a time frame.
How much was a new car in 1920?

How much was a t-shirt in 1920?

How much was a toy in 1920?

EVERYTHING was cheaper in 1920

>>10833907
You do realize that no one with more than 2 brain cells keep their investments in cash, right? It makes no sense to compare silver to fiat. Fiat is a terrible store of value, everyone knows that. If you had put your money into stocks in 1964 you would be A LOT (~20x) better off. At least compare silver to the 10-year.

>>10834169
nothing is a true store of value, i already said it, it doesnt exist
>>10834199
PM exist to pretty up a place. Thats what ancient civs were using it for, shiny things for women and to decorate. They werent storing value on it. The jew came and convinced you it was the best thing on earth, after filling their bags first of course.
>what was the point
if you can convince man that gold is true wealth, and you hold most of it, you can buy your way into guess what, power. The power they have today is because of morons like you throughout the centuries.
>>10834158
Say you buy item X with 1 oz of gold in 1920. It is 2020, production of X item has increased 10x. 1 oz of gold buys you that same item. Was your value really stored?

>>10834207
cause money inflates faster than your metal decays in value, but it still decays. It also inflates faster than production increase

>>10834222
>EVERYTHING was cheaper in 1920
no not everything see productivity was very crap so food was more expensive than now. but the point is shadow inflation adjusted gold lost value over the last century. some stuff cost you the same in gold than back then but those are the exception. real estate and land is a prime example it's much more expensive now official inflation of course is carefully manicured.

>>10834272
this is to official inflation

>>10834284
and this is shadow inflation

>>10834296
store of value... it's an illusion so that the cattle don't revolt or something.

I traded back in summer 2017 and made a few grand, cashed out all but 6 ETH. Looking to return to trading now before BTC returns to Uranus.

What new pump and dumps am I in time to get in on?

>>10834305
>What new pump and dumps am I in time to get in on?
snake milking is hot and trending right now.

>>10834316
My snake ranch is spent.

>>10834278
Yeah but you can't buy shit with land dude.

Gold and silver has been money for milennia. Why didn't they just make land money?

>>10834356
just give it a rest dude, your shit arguments have been debunked multiple times already. Accept you and your kind have been jew'd for centuries. Give it some thinking, you will realise its a deadly trap that has helped our own enslavement. The fractional reserve banking system is just the icing on the cake

>>10834356
ah the broken record reset
gold and silver were money then they weren't because we realized what gives value to gold and silver as money doesn't need gold and silver.

if gold and silver was money just imagine for a second that it would actually be true... some countries then could produce money even like crazy you know just get on with it and mine a shittons while others could only spend it and lose all their money over time. it's fucking ridiculous. every country has the right to issue money in proportion to it's economic growth to provide stability to it's currency. why you want to take that away from them? it's bullshit.

>>10834394
Just because the corrupt govt now says gold isn't money doesn't make it so faggit!

China, India, and Russia have been accumulating record tonnage of gold for over a decade now so they can bypass the dollar in trade.

Why the fuck you think they are accumulating gold in record tonnage you dumbass? For fun?

>>10834394
Govt isn't supposed to be involved in the economy you moron! That's why everything is so fucked up now.

It's not the fuxking govt that gives value to money you retarded moron.

And....... like I said...... china, India, and Russia are accumulating gold in record tonnage..... so that fact right there just BTFO your anti gold argument hook line and sinker

>>10834452
congrats your belief that gold is money is giving them even more power. If another couple hundred million in your country believe it, you will trade them your land and resources for it. You will have your precious gold, they will have whats really valuable. Thats what jews have been doing for a long time

>>10834470
your military helps with that value thing, if you havent noticed

>>10833467

>it won't ever outperform stocks in any decade tho.

2000-2010

>>10834452
>Just because the corrupt govt now says gold isn't money doesn't make it so faggit!
sorry but that's the only measure of money it being legal tender in a country if the government says beans are legal tender then that would make beans money that moment. only idiots delude themselves otherwise.
>China, India, and Russia have been accumulating record tonnage of gold for over a decade now so they can bypass the dollar in trade.
yeah they have been doing so well compared to the west in all thing concerning production and economy i'm sure they know better this time also... wait. they actually suck at that shit... oh bummer.
>Why the fuck you think they are accumulating gold in record tonnage you dumbass? For fun?
well everybody knows the dollar standard is coming to an end. nobody knows what will follow it. most people are pretty fucking sure the gold standard is not coming back ever again. but some aren't.

the new world reserve currency has been proposed to be a basket of currencies (backed not by gold but the economic power of said countries). it's entirely possible china and russia dun goofed accumulating gold altho it's unlikely they will lose a lot of money on it.

>>10834493
did you include the earnings on the stocks in the prices? but good catch.

>>10833645
this passed my by. It means the work you put 2500 years ago isnt nearly as valuable today. The same amount of work done today would be shit cause we have machines and toys that increase production.
You dig holes in 500 B.C until you earn 1 oz of gold. The same hole digging today is done in a couple hours with excavating machine. The employer pays 15 bucks an hour for that job, the same job was done for $30.

>>10834470
>so that fact right there just BTFO your anti gold argument hook line and sinker
really? i mean you are serious? like you didn't actually fucking read anything i wrote? cause then i'm done.

>>10829116
Fuck out of here Zoomer. Real Estate, fine art, and precious metals are how the ultra elites preserve wealth.

GRUG LIKE SHINY ROCK

>>10834574
he doesnt really try to process what he reads, looks like he just skims it then proceeds to shout 'but muh gold's been money for centuries! store of value!!1!'

>>10834551
That's in inflated dollars tho.

In 1964 a min wage job paid 1.25/hour. So after one week of working that min wage earner could purchase an ounce of gold which was at 35$/oz

The same min wage earner today earns like 9$/hour and takes him an ENTIRE months paycheck to purchase an ounce of gold which is at $1,200.

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 60 years ago.

A min wage worker in 1964 was much better off than a min wage worker today.

The ISSUE is the CURRENCY is being INFLATED away into nothing.

>>10834548
You are still comparing apples to oranges.

Gold is money. It represents wealth. It doesn't do anything. It's inert.

If you knew that the dollar would completely fail in one month. You wouldn't keep your money in dollars or dollar denominated investments. You would BUY GOLD

>>10834610
Ok... let's say I buy Amazon....instead of gold. And the dollar implodes. Now what?

If you knew the dollar would implode next month you wouldn't be buying Amazon you'd be buying gold. Plain and simple.

When you buy Amazon you are doing so for a completely different reason than the reason you are buying gold.

When I buy a stock I want more fiat.

When I buy gold it's because I fear the dollar will collapse.

>>10834507
Yeah you got it bro! The dollar standard is coming to an end!

Hence why I'm buying gold and silver.

/thread

>>10834753
literally proving my point, value of labor decreases with time due to increased population, more labor competition (those cheap third worlders) and less cost for same work output due to increase in production efficiency (machines) . No shit your gold has appreciated against the dollar, everything does the question is how much >>10834284
>The ISSUE is the CURRENCY is being INFLATED away into nothing.
Yes and this is because its created as debt and lent with interest, the production of goods&services cant keep up with the increase in money supply therefore price increases, not to mention a good chunk of this new money is for satisfying passive income (deposits, dividends, etc)
>Ok... let's say I buy Amazon....instead of gold. And the dollar implodes. Now what?
it will still be traded in whatever holds value after collapse, you're not forced to hold that stock anyway you have thousands of other stocks to choose. If dollar collapse caused stock market collapse you'd have other things to worry about anyway. That'd mean full economic depression where essentials become more valuable than your metal, good luck trading it.
>Hence why I'm buying gold and silver.
Yes good goy keep buying. They have literally TONS AND TONS to sell you. They need suckers like you to sell it to, so they can then invest in factories, land and resource gathering, things that hold actual value

>>10828722
getting goldbugs started on why gold is better than crypto is hilarious. "there's a limited supply based on people's labor and hard work!"
>hmmmmm.jpg

>>10835084
old jew tricks, its no coincidence guy in the OP is a jew and one of the biggest gold shills. (((They))) need people to buy their gold bags at a premium, so they can invest in real produce

>>10829007
But there's more demand by sheer number of people, so that would fuck your theory up

>>10835109
my argument was rarity of gold does not affect the price of it or rather you can't derive the price from the rarity. silver is actually a more rare element just there is more of it in the crust of our planet. not 80 times more tho.

>>10834823
except there is no logical connection between the two. we are getting further away from the gold standard with ever iteration of the monetary systems. the logical next step would be making fiat even more fiat than before not going 4 steps back. i mean if you think for a moment with the financial worlds leaders head... they don't want the gold standard they don't want their plaything taken away from them. so they will figure something out or even make up a new currency or just make imf sdr the new official reserve currency. that's the sort of people we are talking about. they are everything but gold bugs. gold bugs will get screwed in the ass all of them.

>>10828919
bitcoin is the anomaly you know, please tell us of any other asset/industry with similar, unleveraged returns; I beg you. I need to feed my family. :^)

>>10828946
>When they can't rig the price anymore the real physical price of it will be unleashed
agreed but what will/could stop them from rigging it indefinitely? is there a theoretical upper bound? based on what?

>>10828965
he's basically saying if your country goes full venezuela, you don't sell gold for bolivars. you leave the country with your fucking gold. haha.

>>10829090
>Also if housing was such a great store of value what happened to all the people who went bankrupt and lose their homes in 2008?
you mean, because they couldn't pay their mortgages? kek

>>10829070
>bible verse that says you could purchase 350 loaves of bread 2,500 years ago for 1 ounce of gold.
they weren't using imperial ounces though dingus?

>>10833438
>We produce millions of times more bread than those days
and we have billions more people, too...

>>10831954
3-6% is not lightly inflatory, especially since wages have dropped relative to inflation
There's risk, and then there's CDO Ponzi schemes.
Even if what you say is true, it damn well isn't done for anything else other than economic warfare by the elites.

There seem to be a lot of tards that think that because bread or "x" is easier to produce, it suddenly makes long term storage of wealth impossible. What is hars to underatand about the fact that when I store fucking 100 fucking cakes worth of wealth in gold, I'm not expecting 1000 cakes later. Gold CAN be an investment in some senses, but what it is good at is getting what you could get now later. That is the fucking goal, not profit. More wealth/resources in the world does not mean wealth isnt worth storing. Yes, IDEALLY you tend to your wealth constantly, but when you have lack of confidence, a valuable resource is a safe bet. Because while profuctivity and population increases, so will demand for use of resources to fuel that production and to distribute to the populations that need it. I believe space really is the next frontier of mankind, and while I think most resources will become abundant, those resources will still be directed and used somewhere, and something like gold will always be a safe bet if you want to get a good exchange of resources later when you want it. NOT an investment, it is storage that you will always be able to exchange for a similar amount physical resources, if you fear currency collapse or some other economic disaster.

>>10836397
Spelling and format is shit because phone posting, fuck off niggers

one day a massive gold asteroid will land on earth flooding the gold supply and plummeting the price on you goldbug faggots.