/biz/ - Business & Finance

He was a globalist. He convinced Reagan to not go back on the gold standard when he had a chance too.

My dad actually was a student of his at univ of Chicago MBA finance.

I tell my dad ALL the time he needs to put part of his savings and all of his 401k into gold and silver (real money) or he will lose it all in the currency crisis and deflationary collapse.

>>11072457
And my dad despite his good "education" doesn't even understand that gold is real money and real savings.

>>11072457
The gold standard is shit too. When you run out of gold you can't print any more currency. Carefully controlled FIAT at 0% inflation is the best method

>>11072417
Crypto isn't money like gold is money.

If someone gave me 1,000 bitcoins in 2008 which was worth basically nothing at the time......but 9 years later that 1,000 bitcoins could buy my 20 1 million dollar homes.... that's not how money works.

200 years ago banks started issuing dollars.... and you worked for a week and earned 5$.... nobody thought that 5 years later that 5$ would now be able to buy you 20 homes.

Money like the gold backed dollar is supposed to be stable. It's supposed to buy you the same amount of goods 30 years from now as it does today.

What you guys are missing is you don't understand what the primary function of money is.... the primary function of money is to MEASURE VALUE. And nothing has measured value better than gold for thousands of years and even today despite being demonetized still measures value perfectly.... (outside of comex appear price manipulation)

>>11072471
>Carefully controlled

>>11072505
Yes, money printing should match economic growth, nothing more, and nothing less.

Printing too little money gives you depressions, and printing too much gives you inflation. Look at Japan, they carefully control how much money is printed, 100 yen in 1995 is worth the same as it is today.

>>11072471
Lol how is that carefully controlled fiat working out for you the last few decades???

It's working out so well you have a bunch of NEETS throwing all their money into shitcoins because it's impossible to make it otherwise.

You literally can't make it because the dollar isn't on a gold standard anymore. 50 years ago you could drive retarded kids to grade school and "make it" with the wife at home raising 3-4 kids.

You fucking idiots can't even identify the problem that's wrong....the problem is cost of living is SKYROCKETING and prices are RISING. Under a gold standard prices don't fucking rise.

>>11072512
FIAT isn't carefully controlled they print money at an insane inflationary rate. The gold standard is never coming back, how the fuck can you shill for the gold standard on a crypto board? crypto isn't backed by gold

prices are skyrocketing because we print too much money not because of the gold standard. print only enough money to match economic growth and NOTHING MORE and inflation will be at almost 0%. I already said look at Japan, they don't have this problem because their central bank isn't ran by kikes, it's ran by japanese people, for the japanese people

>>11072523
>looks at japanese debt
Japan is a timebomb that is just waiting to explode.

>>11072417

>The Great Depresssion was caused by banks not increasing the money supply.

>Crypto is great because it’s fixed so you can’t just print more to prevent Great Depressions and stuff

Do you not see how you contradict yourself here?

>>11072534
>I don't understand what causes inflation and deflation

>>11072535
some cryptos have a total cap, others have emission curves. and with cryptos being able to go to so many digits past the decimal, it's not the same as FIAT. the important thing is that the amount is set and cannot be changed, its not a contradiction. and in a free market society we would all collectively agree on a crypto that works best, preferably a crypto that is pegged to real % economic growth

>>11072523
And we print too much money because we aren't on a gold standard.

I'm shilling for a gold standard because your literally throwing your money into imaginary coins NOT because there is a problem with gold but because there is a problem with the dollar because it isn't backed by gold anymore.

The issue is skyrocketing cost of living. You didn't have that under a gold standard.

Why the fuck you think we were on a gold standard to begin with? To give the money value you moron. It's in the constitution. You think you are smarter than our founding fathers? Who are amongst the most high IQ brilliant political minds the world has ever seen?

oh good
a milt bread
milt was a smart guy and saved our asses from the stagflation of the 70s

>>11072457
>>11072460
>buy gold/silver w ur fucking 401k
>reel munny
sounds like your father wasnt nearly as retarded as you are

>>11072554
gold standard is admittedly better than what we have right now but it's not the best solution. the solution is enlightened FIAT

If I have to choose between the clusterfuck we have right now I will choose money backed by silver and gold but if i had to choose the best system possible it would be fiat not ran by jews

>>11072540
Printing money causes inflation. Inflation equals destruction of wealth.

Under a gold standard wealth doesn't get destroyed. Get it now?

A silver dime that you earned in 1964 and could buy you a gallon of gas still buys you a gallon of gas today 55 years later. Cuz when you take that silver dime to a coin shop you get about $2.75 for it.... which equals a gallon of gas

>>11072535
Exactly! Freidman is right in a way. We are now experiencing the reality of what would have happened if the federal reserve had of printed their way through 1929-1933.

Ie, the holders of assets would have got richer, while wage earners would have continued to get cucked. Until they decided not to be cucked anymore...

Strange how the depression kind of sorted out that situation.

However, this current fiat policy isn't going to prevent a depression. It's going to make something the world has never experienced before.

>>11072570
I don't think you're understanding what I'm saying gold/silver backed currency is preferable to what we have now but the best system possible is simply fiat not ran by greedy people

and the gold standard is not as good as you think it is. right now with our monetary policy, we have shackles on both of our legs. under the gold standard, you have a shackle on only one of your legs. you feel less weight and go "I'm free" but you're still in chains

get redpilled on the gold standard by watching this video and stop being a boomer

https://www.youtube.com/watch?v=2VauMFaHJT0

>>11072594
>However, this current fiat policy isn't going to prevent a depression. It's going to make something the world has never experienced before.
its going to create a FUCKHUGE credit event that will crash a lot of american corporations due to them being addicted to free money and unable to even profit w said free money

>>11072594
>We are now experiencing the reality of what would have happened if the federal reserve had of printed their way through 1929-1933.
No, we aren't we're experiencing the reality of what would have happened if the fed reserve printed more money than is necessary, miltion has a video on this too, I linked the one that deals with depressions, here is the one on hyperinflations and inflation

You need to watch both videos to understand how it works

https://www.youtube.com/watch?v=GJ4TTNeSUdQ

Why can you still not comprehend that pic related causes both depressions AND inflation?

PRINT TOO LITTLE = DEPRESSION
PRINT TOO MUCH = INFLATION

PRINT JUST RIGHT AMOUNT = PROSPEROUS NATION

>>11072594
The depression was a planned attack to implement social security and other government controls

>>11072535
It's only a contradiction if you fear the depression

>>11072564
And what happens to your dollar denominated investments when the dollar implodes?

You realize we are 21 trillion in debt right?

You know the story of the bellcap in Weimar Germany.... had a mere 25 ounces of gold saved up when hyperinflation hit there.... and was able to buy a city fucking block with that meager 25 ounces of gold.

You morons don't even understand the oppurtunity you have.... for most of human history a days wage was a silver piece the size of a silver dime. EVERY fucking asset on planet earth is overinflated because of fiat.

14 silver dimes equals one ounce of silver. So 1 ounce of silver which costs 14$ right now is equal to 14 days wages after a fiat collapse. It's actually more than that tho... it'll probably be worth 50 days wages for one ounce of silver because there's billions more people on the planet and much less silver available.

So you could go out right now and buy like 5k worth of silver and literally have the equivalent of like 30 years of days wages after the dollar collapses.

An avg worker today makes $150 which equals 10 ounces of silver for a days work for some shit job. It would have taken a worker 200 years ago and for most of human history 140 days of working to accumulate 10 ounces of silver....

When this thing corrects it's going to correct fucking hard and you are going to be so fucked if you don't own even just a measly 200 ounces of silver which costs you nothing to obtain today

>>11072596
This is what you don't get........ when you have a centralied system it's impossible for people to not take advantage. Most people in the world are nice good people.... the evil people can only thrive in a centralized system.

Our founders had it right. No income taxes, gold standard, market set interest rates and that's literally all you need for the system to be decentralized and people to be free and prosper

>>11072630
>14 silver dimes equals one ounce of silver. So 1 ounce of silver which costs 14$ right now is equal to 14 days wages after a fiat collapse.
>So you could go out right now and buy like 5k worth of silver and literally have the equivalent of like 30 years of days wages after the dollar collapses.


what the fuck are you on about, your math makes no sense

>>11072630
also you do know the only reason silver was worth so much in roman times was because it was scarse right? the supply was very low, with modern mining techniques, there is a ton of silver in the market, silver is never going to be worth as much as it was in roman times

fucking brainlets in my thread cannot understand supply and demand

>>11072508
Youre right. Worth shit then worth shit now kek

>>11072596
Idiots today say things like term limits... that's nonsense.... the answer is the constitution.

If we didn't have income taxes then it would be impossible for lobbyists to exist since it would be impossible for politicians to be bought off.

Then the only people who would run for office are those that truly care about the country and would willingly leave after a term or two.

The fact that we have income taxes is the reason the greedy people in govt exist

>>11072637
gold standard is inherently centralized because the [people] who own all of the gold get to issue the currency that is backed by said gold

>>11072637
> Our founders had it right. No income taxes, gold standard, market set interest rates and that's literally all you need for the system to be decentralized and people to be free and prosper

Most of this is right, but the gold standard is retarded these days. Bitcoin cash standard ftw

>>11072594
to say nothing of the intl corporations that will be crushed before hand

>>11072630
my pappy taught me not to argue w retarded goldbugs

no, in the collapse you all so desperately seem to wave around as vindication, toilet paper and toothpaste are going to be FAR more valuable than shiny rocks. not to mention that the time to buy gold and silver is AFTER a market crash (see ALL historical data) not going INTO one

silver is going to $8/oz in the near future
the metals knife to catch will be platinum, not gold/silver

>>11072637
The ff creates their own scrip and printed the fuck out of it during the revolution.

>>11072627
KEK found the retard

>>11072658
based bitcoin casher

>>11072659
>no, in the collapse you all so desperately seem to wave around as vindication, toilet paper and toothpaste are going to be FAR more valuable than shiny rock
Yep, look at Venezuela right now, I bet those people with gold are doing so well for themselves right now

>>11072512
If you want gold, buy some fucking gold with your fiat, no one is stopping you.

>>11072417
they're not afraid of it, they control it already.

>>11072671
they are all ded as doornails because anyone w actual assets had them and their families slaughtered for their assets

>>11072639
A silver dime used to be a days wage like 200 years ago, right?

So 200 years ago it would have taken you 14 days to accumulate 1 ounce of silver. Got it?

Today someone makes 150$ if he takes that 150$ that he made from his shit job and goes to a coin shop he can buy 10 ounces of silver. Which flies in the face of historic economic reality.

So when fiat implodes and we have to find a basis for value it will be gold and silverz so if you have 500 ounces of silver stacked that would be equal to 14 multiples by 500 or 7,000 days worked in the pre fiat world. Which it will return too after the fiat implosion.

Now that 500 ounces of silver buys you 5 apartment complexes free and clear no mortgage. Something along tbose lines

>>11072471
Lmao it’s the most essential quality of sound money that it have a limited supply and can’t be just printed and your savings devalued by government thieves, you’re a brain dead Marxist imbecile

>>11072417
>(((friedman)))

FUN FACT
Both Milton Friedman and Che Gruevara had Amusia. Where you don't hear music, you just hear noises. Like pots and pans crashing onto glass.

>>11072713
Friedman was /ourguy/
https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/NW_05_03_1976.pdf

>>11072701
your entire theory is predicated on total and complete breakdown of modern society as we know it, its not going to happen
>>11072706
>marxist
marxists dont even want money at all

>>11072644
You want to know why else silver was worth something? Because it's fucking real tangible physical wealth. Your living in a fucking imaginary world.

Me: hey anon, I just bought a frog at the pet store you want you come over and see him?

You: nah... I already have like 50 Pepe the frog memes in my computer that I can look at... why would I want to see your frog?

That's literally what you are saying

>>11072503
>>11072554
>>11072570
>>11072637
oh look its this retard again. Nothing would be more centralized than gold these days. You always ignore how production has increased with time. Try to price your house in gold without looking at both its USD value and gold/usd.
You also forgot that bible and bread loaves argument, go ahead and post it like the robot you are.

>>11072726
iron was once considered a precious metal because of its scarcity. That guy is right and you are a fucking brainlet.

>>11072659
Hey retard.... nobody is saying preps are a bad thing. But let's say you had inside knowledge that hyperinflation would hit 1 month from today. Wtf you going to do? Put your entire net worth in ammo canned food and toilet paper? No you idiot your going to put a certain % in gold.

And guess what? There's not a fucking law that states if you buy gold you can't buy preps too. You realize you can buy both right?

Also.... what in the fuck do you think the entire point of buying gold is? That's the entire fucking point of buying gold so you have money and wealth because fiat is a scam and you are worried it will collapse. That's the point retard.

The dollar value of gold is irrelevant. Did gold all of a sudden become valuable when America was born and the dollar was created? No dummy... it's been money for milennia to buy things like toilet paper when fiat collapses.

Wtf you think is going to happen? A fiat collapse happens and we are going to be living in some sort of closed loop barter system exchanging toilet papers for blowjobs? No reset or new currency.... and after all the ammo and canned food runs our life just ends?

>>11072724
this
unironically /ourjew/
>actual libertarian
>rivals ron paul in pure libertarian power
>hates bantu niggers
>supported rhodesia
>privatize fucking everything
and he even schooled the central bankers at their own game by showing them exactly how fucking retarded their models were

then he went on and forged a career about teaching people these ugly un-talked about truths of economics. and he does it in a way that the layman can understand

>>11072726
I'm going to explain this again for you

The gold standard is inherently centralized because the people who own all of the gold get to issue the currency that is backed by said gold.


The gold standard was a meme pushed by bankers with a ton of gold so they could control the money supply. It would be like if I were the only person in the world with Cotton Candy, and I shilled for a Cotton Candy standard, and got to issue all the currency backed by Cotton Candy.

But in your boomer mind this is all okay, because at least the currency would be redeemable at your local Hershey Federal Reserve for Cotton Candy™. And, in this make believe universe, we've been on the Cotton Candy standard since roman times, so it's okay. And definitely not centralized by the Cotton Candy mafia ran by (((Willy Wonka)))

>>11072751
All fucking rare earth metals are valuble you moron. Gold fits perfectly as money though. Why the fuck you think it's been money since before Jesus fucking Christ was alive?

I swear.... you fuckheads probably literally believe life didn't exist before you were born.

Scarcity is only one fucking attribute that money has to be there's like 8 others that gold fits perfectly into.

>>11072771
well i hope your still around when this little fiat collapse scenario happens and the only thing that changes is that we shift to a different fiat currency as our "standard"

you preppers are fucking retarded
if you truly think that teh end iz cumming, then you buy necessities like water, batteries, toilet paper and a shit ton of ammunition. not rocks.

>muh spot price of rocks doesnt real
ok, then why am i gonna be able to buy these rocks in twice the amount for the same amount of cash in 6 months?
because it DOES matter and youre just some fear mongering goldbug trying to sell your fucking bags to saps dumber than yourself before metals crash w no fucking survivors

>>11072471
>carefully controlled
You have 4 year terms in the USA and in the UK we have 5 year parliamentary terms. What party could seriously resist printing money to fund 5 years of gibs and get re elected?

After 50 or so years of this short term thinking it looks like it’s finally catching up to them
Argentina
Brazil
Turkey
Venezuela
It’s already starting

>>11072786
Yeah but the dollars issued backed by gold give it value. When you go off a fucking gold standard then everyone gets poorer because the Jews are stealing your wealth through inflation.

100k went a lot further in 1981 than it does today, right? What's changed? Why is that?

>>11072795
the fucking IMF and central banks OWN 90% of the mined gold
and they can always mine more

youre trading one centralbank owned asset for another
fuk off

>>11072512
>50 years ago you could drive retarded kids to school and support a family of 5-6

You could probably still do this today, you would just have to be very frugal, just like back then

>>11072795
>Why the fuck you think it's been money since before Jesus fucking Christ was alive?
That's not really true, gold was relatively minor.
Heard the sentence 'worth his salt'? That's because in early Roman empire the main de facto currency was salt. Something that's actually useful.

>>11072795
Money should be an instrument of measure and exchange, not a merchandise in itself for you faggot to speculate on. Which is what you gold leeches want to do, speculate.

>>11072775
You forgot his support for Pinochet

>>11072804
>What party could seriously resist printing money to fund 5 years of gibs and get re elected?
literally none of them, which is why we need to get on the crypto train
>>11072810
the "jews" are controlling your currency on a gold standard too because the "jews" own all of the gold why can't you understand this

gold standard and current way FIAT is ran with central banks are both parasitic centralized systems. gold standard is just a slightly less parasitic system, but it's just as centralized as fiat

>>11072799
Did you read what I fucking wrote? Are you going to put your entire net worth into fucking ammo and toilet paper? No you aren't fuckhead. Your going to put it into gold too.

In Venezuela where their actual currency collapsed. 1 single ounce of silver buys you 3-4 months worth of food. The dollar value of one ounce of silver is 14$. 14$ doesn't even buy you lunch for two at Taco Bell. Which just goes to show how badly the Jews are raping us with fiat and not being on a gold standard in comparison to real money

>>11072810
>When you go off a fucking gold standard then everyone gets poorer because the Jews are stealing your wealth through inflation.
what part of Jews own 90+% of the world's gold dont you get you fucking retard?

>>11072826
goldbugs make me sick desu

>>11072813
Oh so the fucking IMF owns 90% of the gold you say? And that's your fucking reason for NOT owning it? The bankers fucking us witb their debt paper own all the gold....so the smart people own the gold is what you are saying? But it's stupid for us too?

I must be talking to a nigger..... your literally gave the best reason for actually owning gold.... because the bankers own it

>>11072813
>the fucking IMF and central banks OWN 90% of the mined gold
>and they can always mine more
>youre trading one centralbank owned asset for another
>fuk off


fucking this

>>11072824
Fucking AK-47's are useful too.... the toilet paper I wipe my fat ass with is useful too..... but we aren't going to make guns and toilet paper money to measure value now are we?

>>11072838
they are jew'd beyond comprehension, and they got the nerve to say they are against them only because they are against central banks. Yet they want to use the number one thing jews have always loved and used to gain power in history: gold

>>11072830
Yes fuckhead.... the Jews..... the smart people fucking the goyim own the gold. Your literally fucking giving a better reason for owning gold than I have in this entire thread.

Your telling me gold is stupid to own because the money masters fucking us own it. You can't be this stupid

>>11072846
taxes were literally the only reason gold was used as money.
That's because normal people didn't have gold. Taxes forced them to sell their stuff for gold, which was owned by the state.

>>11072840
>>11072857
>be jews
>own all the gold
>give retards like you some table scraps worth of gold
>you then proceed to defend the jewish monetary system and the people who own 90% of the gold supply and the people with all of the real power who get to issue currency

just lol at you. all the jews had to do to get people to defend the gold standard was let the goyim own 1% of the total gold supply. you are cattle

>>11072853
Wtf are you talking about? The Jews own the fucking federal reserve.... they issue us debt paper inflation is destroying our wealth becaus rthe Jews took us off the gold standard.


Gold isn't some Jew invention like fiat you fucking dumb nigger. It's a rare earth metal fuckhead

>>11072846
you can make fiat the standard measure of value AS LONG AS ITS SUPPLY INCREASES WITH PRODUCTION. Thats what that guy is trying to tell you but you're too much of a brainlet to understand this concept. If you abolish interest on money and only print 1 dollar if its backed by an equivalent in goods, then you got no inflation

>>11072840
holy shit nigger
do you actually think that they hold gold to get rich like faggots like you?
no. they have fiat for that
the IMF loans out sums of gold to third world govts all the time, at fuck huge interest rates. then when the 3rd world govts default, they get interest plus all the gold back. THATs the reason the IMF holds gold. to fuck the third world w the same exact scam

you act like them holding gold means that its going to go up. couldnt be further from the truth. what actually COULD happen (as its happened before) is that the central banks could indefinitely short gold against any kind of rally and make the price go DOWN.

>>11072831
no im not going to put my net worth in fucking anything because im not under the illusion that the fucking world is ending you absolute faggot

>>11072871
Gold backed the currency dude. Things have gotten way worse economic wise since we went off the gold standard. It's that simple

>>11072874
Then why the fuck isn't that happening???????

"In the absence of a gold standard it's impossible to protect savings from confiscation through inflation - there is no safe store of value" - Alan Greenspan (1966)

>>11072873
no shit, how do you think they got powerful enough to own all those central banks in the first place. With their big stashes of gold through the centuries you fucking moron. Retards like you going crazy for a piece of shiny metal is what gave them power all history. Gold and lending has always been their business since the roman days.

>>11072880
labor backed currency has been proven as the only way to defeat central banks. its just got a bad rap from uncle addie

>>11072874
>you can make fiat the standard measure of value AS LONG AS ITS SUPPLY INCREASES WITH PRODUCTION. Thats what that guy is trying to tell you but you're too much of a brainlet to understand this concept. If you abolish interest on money and only print 1 dollar if its backed by an equivalent in goods, then you got no inflation
It makes me happy that somebody in this thread isn't a complete 90IQ brainlet like this goldbug
>>11072880
>Gold backed the currency
Who cares? gold is shit and 90% of it is owned by the banks

>>11072875
The world doesn't end when hyperinflation hits dumbass. We've had hyperinflation before. I gave you a scenario.... if you knew hyperinflation would hit the US your telling me you'd not buy any gold? Your lying

>>11072671
>>11072680
well what is the most valuable at the moment in Venezuela etc.?
it could be look into the future, we should learn from it

>>11072890
because we dont print in proportion to production you brainlet. Because money is created as DEBT and lent with INTEREST. Because money has become a merchandise in itself that is speculated on with interest rates. Borrow at 2% lend at 3%, etc etc.

>>11072895
Ok so.... I'm buying gold today. Tell me why that's wrong. Let's go... let's hear the reason.

>>11072918
Nobody said owning gold is bad, it's backing the money supply off of it that is bad, because banks own 90% of the supply. You can own gold in a FIAT system, nobody gives a fuck if you want to own gold, just stop pretending the gold standard isn't just as kiked as what we have right now

>>11072899
Yours and everyone's problem is you've been educated in shitty govt public schools and you don't even understand that gold is REAL SAVINGS hence why all the banks accumulate it.

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

>>11072909
unironically toilet paper and toothpaste

talk to venezuelans if you ever see them
talk to bosnians and anyone who lived through the fall of yugoslavia etc

every day necessities areof much greater value in collapse

>>11072909
>well what is the most valuable at the moment in Venezuela
A plane ticket to another country, if this country every collapses I'm getting the fuck out before it happens, you're dumb sheep if you stick around

>>11072909
Food is most valuable there. And those that have 1 single ounce of silver are able to get months of food on the black market.

You realize people are starving there right? not the people who stacked some real money tho.

Gold and silver is MONEY to buy things just like it's done for thousands of years you brainlets. That's why you buy it in the first place because you want MONEY to buy FOOD when fiat collapses

>>11072918
you can buy whatever the fuck you want, doesnt mean we should base our entire economy on it. You wanna base your economy on something of limited quantity and that lasts forever? then why not BTC or other crypto which isnt 90% controlled by jews already? If the thing is having something of scarcity and agreed upon value, there are many alternatives to gold. The fact its been considered valuable throughout history doesnt mean we should stick to it, because it gives your enemy too much power. THINK

>>11072914
Yeah and dollars WOULDNT be debt if they were backed by real money.

You can't have freedom and prosperity when your currency is a debt instrument. Gold is money... it's an asset

>>11072567
>the solution is enlightened FIAT

Thats like saying that the solution is "real communism".

You won't be having an "enlightened" FIAT. Sorry, but thats not happening in this world.

>>11072953
>Yeah and dollars WOULDNT be debt if they were backed by real money.
Wrong. Under the gold standard ran by a central bank, dollars still have debt attached, because the government has to borrow the dollars from the federal reserve.

The federal reserve owns all the gold. They print currency. Government can only get that currency if they borrow it. They're still going into debt.

>>11072962
>You won't be having an "enlightened" FIAT.
I already have it, it's called cryptocurrency.

>>11072950
Why are you so against gold? Literally every human that's dead right now would be laughing at you if they came back to life. Actual educated Americans in the 19th and early 20th century knew gold was money.

Being anti gold is literally like being anti water.

This is why there isn't a "right to education" in the constitution, because our brilliant founders understood if the govt was running education they would turn out as brainwashed as you are where you are actually anti gold.... something nobody has ever been going back hundreds of years

>>11072950
tell me anon what cryptos are you into right now, I don't feel like talking to the gold bug anymore

>>11072980
Ge's not anti-gold he's anti backing the currency by gold stop shitting up this thread with your bad reading comprehension

>>11072950
The fact that it's a limited quantity is irrelevant. The govt could revalue gold to 50k per ounce tomorrow morning. There's enough gold at the right price.

>>11073003
>the government can arbitrarily set prices
thats not how supply and demand and basic market economies work. if the government says a banana is worth 1 million dollars, it doesn't mean shit

>>11072996
Yeah but gold is money you fuckhead. If you don't back the currency with it then there's no fucking point to it.

Ever heard the saying the dollar isnas gold as gold?

They took us off a gold standard for a reason. Because they wanted to FUCK us.

>>11072953
>Gold is money because its money hurr durr
Stop with the circular reasoning dude. Gold is valuable because people agree it is. People agreeing it has value made the jews who owned most of it very powerful. Jews becoming very powerful allowed them to establish banks where they kept the goyim gold 'safe'. Having all that gold in their 'safe' keeping allowed them to lend more than they had. This culminated in central banks. Its not rocket science man.
What is real money is something which is agreed on. People agreed the dollar is money, but the moment it was printed beyond the productive capacity of your country is when you got fucked. Not when it went off the gold standard, thats not the real problem.

>>11072925
>Nobody said owning gold is bad,
ill say it, if no one else is

owning gold IS bad so long as the FED has a hawkish/neutral position
QT actually caps inflation in the meantime which leaves gold in its current state: plummeting to the center of the earth

>>11073016
People who own 90% of the gold convinced you that gold is money. Simple as that.
> If you don't back the currency with it then there's no fucking point to it.
It should be backed by production of goods and services. Not a useless fucking metal that's owned by bankers.

>>11073011
Well the govt took us off the gold standard and gold is just as valuable today as it was 60 years ago. So yeah.... the govt saying gold isn't money anymore doesn't mean it's so.

>>11072644

There are 7 billion people now. How many were there during the Romans time?

>>11073019
ding ding
looks like we got someone who hasnt drank the gold koolaid and actually listened to milt
in a milton friedman theread
who wouldve thought

>>11073019
People agreed the dollar was money because it was BACKED BY GOLD brainlet.

If they started issuing paper dollars backed by nothing in the 18th and 19th century Americans would have laughed and told them to fuck off.

>>11072654
>gold standard is inherently centralized because the [people] who own all of the gold get to issue the currency that is backed by said gold

It's better than now, because now (((people))) who own the central bank get to LOAN all the issued currencies.

I mean, what sense does it make that the USA can't print it's own money but has to loan it from FED and pay an interest while paying it back?

>>11073039
>gold is just as valuable today as it was 60 years ago
no its not
shoo goldbug or get swatted
>what sense does it make that the USA can't print it's own money but has to loan it from FED and pay an interest while paying it back?
that same system existed under the gold standard, it's like arguing how hard you want to get hit in the head with a hammer, you're still getting hit

>>11072980
>Being anti gold is literally like being anti water.
this is your brain on the gold jew. Water is essential to life, gold isnt.
If your educated americans with their gold standard were so awesome and the system was perfect, how did they get subverted? How did their system get replaced? How did they allow this? Because they placed so much value on gold, their system was 'bought' by outside forces which OWN GOLD. They own most gold today, returning to gold standard would give them even more power than they have today with central banking

>>11073032
But it is, right? 100 years ago a good weekly salary was 20$ and 20$ also equaled an ounce of gold.

Today 20$ doesn't even buy you lunch at a bar... but that gold ounce taken to a coin shop will net you $1,200 which lo and behold is still a good weekly salary!

So which held up as money for 100 years better? That 20$? Or that gold ounce?

>>11072417
>reactions to problems cause the problems

>>11073072
Jews didn't invent gold you dumb nigger. It's a rare earth element extracted out of the earth.

It's stored economic energy

>>11073061
the IMF does this w 3rd world cunts all the time because they have no economies/currencies that are worth anything

care to guess what usually happens to these rd world cunts?
they default

this is the same shit wed see everywhere if there was fiat collapse. exactly the same scam but w gold not fiat

>>11073052
>>11073019 #
People agreed the dollar was money because it was BACKED BY GOLD you worthless dumb niggers.

If they started issuing paper dollars backed by nothing in the 18th and 19th century Americans would have laughed and told them to fuck off.

>>11073084
gold is not money, jews with gold convinced you it was

>>11072983
im on a bunch of low caps on cryptobridge, not even worth mentioning lol
>>11073003
tell me how you'd price your house in gold without looking at usd/gold pair or the value of your house in USD
>>11073056
it being backed by gold allowed those with gold to buy the entire country. Guess who had most of the gold in the XIX century? Same as now, jews

>>11073070
A gold ounce 900 years ago is that same ounce of gold today.

Doesn't matter if the fucking dollar exists or not you dumbass.

If the dollar dissapears from planet earth tomorrow my gold and wealth is completely unaffected.

>>11073094
>If they started issuing paper dollars backed by nothing in the 18th and 19th century Americans would have laughed and told them to fuck off.

Abraham Lincoln did exactly that you brainlet that's how he financed the civil war. And it worked extremely well.

https://en.wikipedia.org/wiki/Greenback_(1860s_money)
jesus you know nothing

>>11072471
>Carefully controlled
Tokenomics student

>>11073098
Fine.... gold isn't money. Let's all go live on the beach and we will all agree that sand is money. Is that a good plan?

>>11073104
That's not how value works. You're saying it has the same value because it physically exists not relative to anything else. Things only have value relative to something else.

>>11073084
but they chose it as the standard currency. Egyptians and other old civs were using it for its real use: decoration and jewels. Never as currency. Once they brainwashed goyims into accepting it as currency is when they started gaining power. Its literally this simple

>>11073094
>phoneposting
>goldbug nigger
>repeating his catchphrases
you know at first i thought you were just retarded
now m utterly convinced youre actually peter schiff trying to sell your wares to gullible goyim

get fucking REKT goldbug
i want you to know, in honor of you and your faggotry ITT (ruining a milt thread is unforgivable) imma sell short 20 fucking contracts of dec GC contracts

ill check back in in a few months faggot

>>11073124
based & blessed post

>>11072875

Holy shit you're in an emotionally fueled rage. It's like you're seeing red if someone merely dares to suggest you should allocate like 5% of your portfolio in to physical precious metals just in case a catastrophe hits.

A big portion of precious metals investors have majority of their portfolio in other assets that they derive their profits from but still keep a fixed percent in precious metals as a hedge.

>>11073105
Abraham Lincoln issuing fiat for the ball rolling on expanded federal authoritarian powers of which we suffer from at this very day.

He was a tyrant and mass murderer. He issued fiat and started a civil war to make his political donors wealthy. Also the dollar existed before the civil war dummy.

If the dollar was backed by nothing nobody would have accepted it you idiot.

Have you ever heard the phrase "the dollar is as good as gold?" That's because the dollar represented gold you fuckhead

>>11073119
Yeah and gold prices the value of things better than anything else. Hence why it's been money for milennia.

>>11073134
gold is not money

>Greenbacks were paper currency (printed in green on the back) issued by the United States during the American Civil War. They were in two forms: Demand Notes, issued in 1861–1862, and United States Notes issued in 1862–1865. They were legal tender by law, but were not backed by gold or silver, only the credibility of the U.S. government.[1]

you don't need gold for fuck sake

>>11073133
all historical data says to the contrary
putting money into precious metals BEFORE a crash is a terrible idea and ive met plenty of people who have done this and been financially ruined

i will ALWAYS post when i see gullible retards being taken advantage of by predatory fucking gold bugs

>>11073147
>only the credibility of the U.S. government.[1]


What could possible go wrong?

>>11073121
Ok I'm confused now....they are issuing or issued gold as currency? The dollar is the currency. Gold is the money backing the currency.

And the kikes took us off the gold standard. So which is it? Gold is good or gold is bad?

>>11073114
You got so fixated in gold you forgot what the function of money should be: to allow the exchange of goods and services. Gold is worth nothing in itself.
Since money should be something that facilitates the exchange of goods, and we increase production of goods each year, it cannot be something scarce. Because if its something scarce, suddenly one unit of this 'money' buys you more than the last year, which encourages hoarding and not spending. You'd be speculating. You'd be buying more stuff with the same unit of money, yet you have contributed nothing. Why should you be rewarded for just holding a unit of money when you are not even investing it?

>>11072978
>I already have it, it's called cryptocurrency.

Got me there. Maybe we could build working communism on blockchain?

>>11072417
Any monetary system that allows credit and purchases on said credit has an automatic printing press built in.
Figure out what to do with that system now.

>>11073163
you don't need anything to "back" a currency you retard, this is the jewish trick. for any big brained anons in this thread reading my post, this is what blockstream is trying to do with bitcoin. they want to make it "gold" so they can back other cryptos off of it.
>kikes took us off gold standard
they owned and ran the show when we were on a gold standard
gold standard is just as kiked as our current fiat system

>>11073163
im talking about ancient times and you bring up the dollar? dude just stfu already you cant even read

threadly reminder that a goldbug infestation is a sell signal
sell short gold on the next dollar spike

>>11073163
gold is a rock
its a rock that is equally as controlled by teh kikes as the dollar

>>11073180
this

>>11073156
Ok if what you say is true.... then what's the point of buying gold then?

When I buy Amazon stock it's to make more fiat.

When I buy gold I'm doing so because I fear a fiat collapse because the govt is out of control.

So tell me... I have 1 million dollars....if we had special knowledge that hyperinflation would hit 1 month from today..... what do I do with that 1 million dollars? Let's say I buy 100k worth of Preps and a house in a low pop area.... where do I put the remaining 500k to protect it?

>>11073200
>then what's the point of buying gold then?
To make pretty jewelry. And for use in electronics. That's about it.

>>11073180
Ok so why did they take us off the gold standard then? Our founding fathers weren't kikes....

>>11073134
>If the dollar was backed by nothing nobody would have accepted it you idiot.
then why is the whole world exchanging goods for it today? and thats with its inflation, imagine if it had no inflation. You dont need gold to back the dollar just a big ass military, a big ass industry and loads of resources in your soil

>>11073205
China, India and Russia have been accumulating record tonnage of gold for a decade now. So they are doing that for jewelry?

>>11073217
You don't even know the history of the US financial system.

>>11073223
Because the Jew govt public schools have brainwashed you into fiat.

The fact that I need a big ass military to protect the value of my the dollars I won is probably the best reason I've heard to own gold.

Your basically admitting my wealth in fiat is in fact worthless and we need a military to protect it.

You literally just gave a Better reason for owning gold than I have in this entire thread, you realize that right?

>>11073205
this
the only metal thats even remotely worth accumulating is platinum, due to its higher rarity than gold (and traditionally higher price), as well as it having more uses in industry. and plat will still continue to plummet until the fuckers who are shorting it (usually the major holders, in this case, prolly the oppenheimers and their cronies) into nothingness, stop shorting it. this likely will continue until the FED shifts policy back to QE or some other doveish bullshit

this scenario weve seen plat in for the past what, three years, is EXACTLY the kind of shit we would see if gold ended up being a safe place to put your money.

>>11073086

Every central bank does this and this is the only way FIAT is generated. It would make at least some sense if sovereigns could print their own money as they see fit and not grovel in front of the (((banksters))).

In the end paper money has to be backed by something. A couple decades ago it was backed by gold, now it's backed by the taxpayers ability to pay taxes and in the future it'll be backed by something else (maybe crypto).

>>11073223
When a fucking dollar buys you much less today than it did 30 years ago it means the kikes stole your wealth through inflation. Because the dollar isn't backed by gold anymore. Which is why they took us off it.

the stock market crash of 1929, and the housing bubble collapse if 2008 were nothingburgers. Literally irrelevant things. The response to the nothingburger is always the cause of the depression.

>>11073254
The price of gold didn't go from 300$ 17 years ago to $1,900 8 years later because of a 6 fold demand in jewelry

>>11073217
The united states financial system has been controlled by you-know-who for longer than it hasn't. And it was all on the gold standard during this time. it was only free when based andrew jackson made them fuck off for a good 40 years but they came back with the federal reserve

gold standard = jewry

>>11073278
Ok so why did they take us off the gold standard?

>>11073156
>putting money into precious metals BEFORE a crash is a terrible idea and ive met plenty of people who have done this and been financially ruined

Tell me how you get financially ruined by putting 5% of your portfolio in precious metals? Please, I'm all ears!

>>11073291
Why are you such a fucking retard? Because that allows them to suck us dry faster. They're still sucking us dry under the gold standard, but under our current one, they can suck us faster.

>>11073278
Implying Jews aren't fucking us now that we are off the gold standard heh

>>11073301
I already said both systems are shit you subhuman

>>11073299
Ok then what's your issue with what I'm saying this entire thread?

A gold ounce in 1800 was 20$ and 100 years later in 1900 it was still 20&

>>11073294
He is larping like every crypto GEN Z subhuman race.

>Financial ruin after a 40% drop which leads into a 500% increase. Okay

>>11073307
So how the fuck do you protect your wealth in the system you want?

>>11073326
Get a higher ROI from your investment than the current (hidden) inflation. Dumb question.

>>11073326
in a system where the government prints its own currency backed by production of goods and services without a jew controlled central bank lending it to them there would be 0% inflation so you would literally hold onto your dollars and they would not devalue or become worth-less over time

>>11073276
adjust that for inflation senpai
you wouldve gotten better returns against inflation HODLing some equities from the bottom of the dotcom bubble

>>11073294
literally no one puts 5% of their port in precious metals. they usually buy a lot of it out of desperation (usually unfounded). the people who are smart enough to not make such mistakes put that 5% in something that will ALSO beat inflation and that will grow in value over time. the real smart ones get paid divs/coupons on the way up and use that money to compound by reinvesting. the really REALLY smart ones do this from a tax advantaged account

>>11073346
Your not suppose to get "returns" on money. That's what investments are For. Money is not an investment.

So some kike will be in charge of that "adjusting" and we will all be great

>>11073346
You don't understand the most basic simple 2+2 = 4 concept.

Gold IS REAL SAVINGS.

>>11073346
>literally no one puts 5% of their port in precious metals. they usually buy a lot of it out of desperation (usually unfounded)

So people who bought at 300$/Oz 17 years ago somehow ruined themselves because it's now measly 1200$/Oz? Thats horrible!

>the people who are smart enough to not make such mistakes put that 5% in something that will ALSO beat inflation and that will grow in value over time.

It's not being smart, it's gambling. Usually you want to have at least some insurance in case your gambling goes south.

>>11073340
WRONG.

You need to fucking get it out of your head that muh govt is ever going to fucking do anything that benefits the plebs.

Our founders said it themselves... there's no such thing as benign govt.

I'm not saying the gold standard is absolutely perfect. But it's much better than what we have now and would still be better than the govt running whatever the fuck it is you want them to run

>>11073384
People who bought at 300$ back then and selling today didn't make a profit. It's a phantom profit. All that happened what's the dollar is more worthless that's all that gold tracks.

You don't see anymore 5$ footling commercial anymore like you used to right?

>>11073370
except money inflates so you NEED to get RoI or your net worth is evaporating
gold wont do that because its controlled by central banks who can short it just like they did platinum, pretty much indefinitely too as they own 90% of it

>>11073374
gold is a rock senpai

>>11073384
>So people who bought at 300$/Oz 17 years ago somehow ruined themselves because it's now measly 1200$/Oz? Thats horrible!
considering that 01 and 08 each cut the purchasing power essentially in half. yes, thats pretty piss poor returns. literally any equity, holding through both crashes wouldve yielded more

>It's not being smart, it's gambling. Usually you want to have at least some insurance in case your gambling goes south.
thats what hedging is for
gold is a poor hedge as its controlled by central banks

>>11072939
kek. This guy fucks.

>>11073403
Gold doesn't inflate. A gold ounce bought a nice suit 100 years ago and still buys a nice suit today. It's your new currency that's inflating.

>>11073417
and you keep conveniently missing the part where im telling you that the moment gold starts saving you from inflation, the central banks will short it because they own fucking all of it

>>11073417
>Gold doesn't inflate.
it does when you mine more of it

>>11073403
Dude you still don't fucking get it through your thick head. Stocks are not money.

You compare the dollar (money) to gold (money)

What's your fuckinng strategy? Put 100% of your net worth in the overinflated cheap money propped up stock market?

Also nobody is saying don't invest...

The issue IS why did there used to be 5 dollar footling commercials yet you don't see them anymore?

Why did a dollar buy you a lot more 30 years ago than it does today?

Why are prices fucking rising?

None of these questions I'm asking you have anything to do with what or what you invest in.

Why the fuck are prices rising so much?

Why was 100k worth a lot more in 1982 than it's worth today.

>>11073433
He doesn't understand that it does "inflate" because the people who own it can take it in-and-out of supply as they wish.

If the banks want to raise the price of gold, they just put it in a vault and take it off the books. He thinks gold is unmovable monolith that's the same forever. He's a brainlet.

If there's only 100 gallons of water in existence, and I own 90 gallons, and I take 50 gallons and put them in a vault, for nobody to drink, and then I sell my 40 gallons, price of water just went up

>>11073449
stop reddit spacing

>>11073435
Yeah and that's a fucking laborious process.... much harder than turning on the printing press. Inflation is fucking fine is its natural and free market under a gold standard.

Not some fucking kike manipulating interest rates.

>>11073403
>considering that 01 and 08 each cut the purchasing power essentially in half. yes, thats pretty piss poor returns. literally any equity, holding through both crashes wouldve yielded more

The point is you said those people are financially ruined. How did buying at 300$ and holding till now ruin people?

Don't claim bullshit if you can't prove it.

>>11073460
Answer the questions I asked!

You can't answer them so you fucking start talking about Reddit spacing

>>11073435
or when even 1% of a central banks gold holdings is sold out into the market

>>11073449
how about you stop derailing a fucking milt thread and actually watch his videos. theyre very well explained so that even niggers like you can understand

but youre so content in your fucking ignorance, youll prolly just walk away from this, learning nothing

>>11073466
go look at when most of the people bought gold dumbass
the people that bought at 300$ are the absolute smallest minority of the gold holding population.
95% of the people bought into gold/silver when it was already up several 100%. and theyre still down. maybe if theyre lucky, fiat will collapse (it wont) nd then theyll be able to break even or use their rocks to buy a plane ticket to lambo/moon island and live happily ever after. but more likely they wont and as the USD continues to moon all year due to FED policy, they will get further and further from that point

>>11073245
Military is a plus. What they actually protect is natural resources which is what holds real value. Value is a man's labor. Value is turning natural resources into product: Factories, energy production, infrastructure, thats value.
The power to make a man work. You can use gold, you can use fiat, you can use whatever that man agrees to exchange his time for.

>>11073267
Because there is interest attached to it and its printed beyond the productive capacity, thats why there is inflation. It doesnt have to be this way, the problem isnt with fiat in itself but how its being done. You believe its the govt nature to screw you because you dont believe honest people can be in charge.

>>11073316
Production of most goods probably quintupled from 1800 to 1900. So you're saying the gold ounce bought you 5x 100 years later. Why should someone be rewarded like this for just holding a piece of metal? Not even investing it, just HOLDING.

>>11073394
Then pick something else thats scarce to back your currency, not something already in control of jews. Is that so hard to understand?

>>11073460
The dollar price of gold does not fucking matter you moron.

Gold gave the dollar its value. So why the fuck would I give a shit about the dollar price of gold?

You value gold and silver using ratios to other real assets. Of which both.... are severely undervalued....especially silver....

Which is why you can buy 3-4 months of food on the black market down there with one single fucking ounce

>>11073472
The price of gold is not stable like you claim. If I own 90% of the gold and take 50% of it out of circulation, the price just went up. This works in reverse too, I can put more in circulation to short it. If i own the majority of the gold, I can manipulate the price of it as I wish, by taking it in-and-out of circulation.

This is why the gold standard is a meme. It's not "real money." It's a carefully controlled commodity that's made to look stable when in reality it's just as easy to manipulate as FIAT.

Manipulating the price of gold and manipulating the price of FIAT dollars is exactly the same process. Only with gold, you have to physically move it. With FIAT, you can just use a pen and paper.

That is the reason to your "why did the kikes take us off the gold standard" question. Because they're too lazy to shuffle gold around and would rather shuffle around numbers on a balance sheet. But if we went back to a gold standard, they'd go right back to physically shuffling it around.

That's why you're a brainlet.

>>11073497
>Then pick something else thats scarce to back your currency, not something already in control of jews. Is that so hard to understand?
L A B O R B A C K E D C U R R E N C Y
A
B
O
R
B
A
C
K
E
D
C
U
R
R
E
N
C
Y
literally the only way to beat central banks

>>11073502
so what are you buying gold with?
silver dubloons?
of course spot price matters fucking tard

>>11073370
Yet you argue for gold which is getting you returns because of increases in production. Production of most goods increases with time, if gold keeps its value its buying you more goods per ounce, therefore rewarding you for holding NOT investing

>>11073528
he thinks gold is literally the same value across all generations and the value has never changed

>>11073515
yes thats why i argue for, labor backed currency. You only print when there is the production to back it up. You dont lend with interests. There you go you beat inflation without using jew gold

>>11072471
>what is bitcoin

>>11073530
>Yet you argue for gold which is getting you returns because of increases in production. Production of most goods increases with time, if gold keeps its value its buying you more goods per ounce, therefore rewarding you for holding NOT investing

This is why the gold standard is parasitic. You make money from doing literally nothing. Jesus was right when he told those jews they couldn't worship god and money at the same time.

>>11073537
no i know, the classic "suit in rome, suit in 20s, suit now"

>>11073544
pretty fucking simple
if we burned down congress, payed the central bankers enough to go to their own fucking country, then initiated labor backed currency, shit would be fixed in a fucking year

>>11073497
Because that metal is a rare earth element that took sweat equity to extract out of the ground.

It's stored economic energy. Gold gets its value from ENERGY USED in the last go get it.

Homes, stocks, bonds, cryptos all get their value from ENERGY you have to produce in the FUTURE.

Honest people WOULD be in charge if you didn't have a bloated huge corrupt govt taking in godly sums of money through taxes. Govt's role is to protect life liberty and freedom pursuit of happiness.... govt isn't there to fucking run the economy.

Special interest and lobbyists exist because the govt has money and power it can dole out. If you take away their power then lobbyists naturally go away. How do you take away their power? No income taxes and get gift out of the economy.

THEN the only people who would run for office would be those that really care about the country because it would be impossible to be bought off if you have no money and power to dole out. And then those people would willingly leave office after a term or two because there is no financial incentive to stay in congress for 40 fucking years if you can't be bought off

>>11073559
BTC has similar problems now tho
its also deflationary, constantly being mined, and is mostly under control of a few very wealth individuals. in fact this whole bear market has been banks coming in and trying to eat all the whales, so its now LITERALLY the same fucking thing

This is the most redpilled thread I've ever read on 4chan and I've been here for fucking ever. Is /biz/ always like this? I feel the sprit of the founding fathers who tried so hard to fight central banking here.

>>11073580
>It's stored economic energy.
No it's not. The sweat, tears, and labor of your fellow man is economic energy. Not a fucking rock.

>>11073582
hallo newfag
PROTIP: do not listen to goldbugs

watch milton friedmans videos up top then feel free to join in

>>11073564
problem is you moved all your factories overseas so you wouldnt fix it that as soon. You need to bring production back home. The argument i always hear is americans wouldnt work for as cheap as third worlders. Well sacrifices must be made if you want your country to survive..

>>11073599
My favorite meme argument in the current year is, "china making all our shit is a good thing because it lowers our prices!"

they don't understand that producing things will give us more long term wealth

>>11073528
Yeah of course the price matters when you buy... but once you buy it's yours and the dollar price doesn't matter since you are buying because fiat is a scam and you fear it will fail.

In fact.... as a gold owner.... I actually HOPE the gold price goes back down to 300$, became that would mean our govt is becoming physically responsible, and we won't have to worry about a currency collapse...

Also.... in a good health economy PRICES DROP.... so in real terms.... gold going down to 300$ would mean a footling sub at subway is 3$ again. So you don't lose in real terms anyway.

The dollar value of gold just tracks how unstable, volatile and lack of store of value the dollar is.

>>11073599
hopefully the tariffs and trade wars and regulation/repeal of legislature that made it favorable to produce in the third world will diminish.

the production wouldve never left in the first place if it wasnt given incentive via legislature

>>11073594
Muh fellow man muh fellow man....

Maybe you should try and understand why gold has been money for milennia and still as valuable today as it was hundreds of years ago despite govt's demonetizing it

>>11073508
goldbugs won't acknowledge the reality of this post. the truth hurts too much and they can't accept it

>>11073580
Terrible thinking and wasted potential. That energy could've been spent doing more productive things.
>it would be impossible to be bought off
impossible to be bought? If you backed your currency with gold thats exactly what would happen, your entire country would be bought. Get this through your skull, (((THEY))) own the gold, and if whoever has the gold makes the rules in your system.

>>11073623
respond to my post here >>11073508 or you're just trolling

>>11073582
Thank you. Finally a free thinking individual in this thread who hasn't been brainwashed by shit tier govt public schools

>>11073642
I don't think he was agreeing with you m8

>>11073609
>fiat is a scam and you fear it will fail.
no, again im under no illusion that fiat will fail because its their favorite scam in the history of ever. theyll do whatever it takes to keep it alive because its easier than moving gold around.

the most likely scenario is that if USD crumbles it will shift over to another fiat currency out of convnience

>>11073646
this
confirmation bias at its finest

>>11073642
Have to say that your argument about the money that isn't supposed to heavily inflate, is fucking redpilled.
I stand with you fren, fuck these banking systems made up by the kikes. Gold all the way.

>>11073634
Your problem is your still valuing gold in terms of dollars.

I don't give a fuck about the dollar price of gold.

You buy gold when it is undervalued compared to other real assets.

Honestly.... why do you think people buy gold? There's coin shops everywhere.... there's online bullion dealers....

Wtf you think people are buying it for?

When you drive by a coin shop and you see someone going in to buy some silver.... do you think to yourself..... what a fucking stupid ass nigger that white guy is?

>>11073651
They can't resist sucking us dry, the most likely scenario is they just keep devaluing it slowly overtime, until our dollars are worth pesos. I'm fully convinced the only reason the dollar hasn't tanked faster yet is because half of the youknowwho population lives in the united states, and tanking the dollar would be shitting where you eat

>>11073623
>why gold has been money for milennia
it wasnt money until jews convinced you it was. Ancient civs were using it as jewelry and decoration! Look at the mayans, the egyptians, temples filled with the stuff. Jews were bandits in ancient times. They accumulated gold then fooled goyims into accepting it in exchange for goods. Thats how their power grew! Then they accumulated so much they started lending it and charging interest. Usury! It was forbidden for a reason. If ancient goys werent greedy fuckers like you they would never have accepted their stupid gold. Gold is literally how they took over the Roman empire

>>11073674
this has nothing to do with what I posted you just keep posting "why do people buy it lol" that doesn't address anything I said at all. my post and analogy is not valued in dollars it's valued in supply and demand which is THE ONLY THING that is true value

>>11073665
>im against kikes
>love their number one tool though

>>11073674
>Your problem is your still valuing gold in terms of dollars.
You always value it in terms of something else brainlet. I ask you for the 3rd time, how much is your house worth in gold without looking at your house price in USD and the USD/Gold pair.
>I don't give a fuck about the dollar price of gold.
Yes you do
>You buy gold when it is undervalued compared to other real assets.
Proving that you are just a speculator, you want to speculate with gold, ie you think money is a merchandise.
>Wtf you think people are buying it for?
Same reason they are buying crypto, to sell to another for more than they bought it for, ie speculate.

>>11073661
He was agreeing with me... he literally mentioned the founders in his post of which I've been mentioning in this thread.

There's nothing fucking redpilled about anything any of you are saying. It's all Jew public school propaganda. Gold is the red pill you fucking dumshits can't fucking swalllow.

First fucking generation in human history who are anti gold. Westerners in Europe and the USA.

Literal fucking starving niggers in sub Sahara Africa with no formal education even understand gold is money. You can literally go in YouTube right now and see them digging in dry river breads trying to pan for .01 gram of gold to exchange for a lot of bread

>>11073508
>>11073508
Implying any asset couldn't be manipulated in the way you are describing. What a dumb fuck is that?

If I cut out half the supply obviously, i can decide whatever i want.

The tiny, tiny, tiny very Tony difference in your shitty example:

>Being able to print Infinite supply
>Shuffling around with finite supply

Obviously the finite one is better, otherwise you get fucked by the increasing supply and the heavy manipulation.

Fucking subhuman race...AI will overtake your spot as first

>>11072503
this is the stupidest fucking post i've read on here in a long time

>>11073619
its what happens when you make profit the number one priority. Yeah no shit slaves will produce more for less reward, thats what slaves are for. But then you depend 100% on the slaves and if something goes wrong, you are stuck with an economy backed by nothing.

>>11073687
There basically the same amount of gold today as there was hundreds of years ago.

So your telling me that when gold was 300$/oz in 2001 and $1,900 in 2011 that the demand for gold more than quintupled in 10 short years? And then since 2011 the demand for gold has cut in half?

You understand these dollar price of gold violent price swings are a result of manipulation and QE and all that bullshit right?

And has nothing to do with fucking demand

>>11073757
>>11073769
>Implying any asset couldn't be manipulated in the way you are describing
That's how it works when you own 90% of it you retard. When you own the majority of it, it can be maniupatled as you wish

Here's a simple analogy to help your caveman brain understand why gold's value is affected by supply and demand just like everything else.

>Long-nose tribe have 100 shiny rock
>Long-nose tribe say shiny rock worth 10 feather
>Long-nose tribe say buy shiny rock, shiny rock value never go down or change, shiny rock worth same as was in ice age
>Long-nose tribe take 50 shiny rock and hide them away so nobody can buy
>Grug try to buy shiny rock but Long-nose tribe tell him it cost 200 feathers now
>Grug confused because long-nose tribe told him value of gold never change....


you see, my fellow grug, supply and demand is the thing that affects the value of something. if longnose tribe reduce supply of shiny rock, value of shiny rock go up. this is why you goldbug brainlets need to stop saying the value is the same and that the dollars just change. NO, THE VALUE OF GOLD IS NOT IMMUNE TO SUPPLY AND DEMAND, AND ITS VALUE CHANGES DEPENDING ON ITS SUPPLY

>>11073720
gold IS the measure of value brainlet!

That's what MONEY does! It measures value!

And nothing measures value better than gold.

A gold ounce equaled a good week salary 100 years ago and today still equals a good weekly salary.

20$ was a good weekly salary 100 years ago and today 20$ doesn't even buy you lunch at Taco Bell for 2

>>11073792
>gold IS the measure of value brainlet!
no its not, gold is not immune to supply and demand, kys

Gold will not rise in value during crisis it will KEEP its relative value

If you want to CONSERVE your money buying gold and silver is a good idea...if you want to make proftits gold and silver are a bad investment.

With cryptos it is vice versa : they are NOT for conserving your wealth but to speculate. Buying cryptos is like saying 'fuck this system and fuck the FED- i believe in something bigger'. It is like buying a decentralised bond. Thats why every government hates bitcoin.

Gold = preserve wealth; mediocre currency system during peace time
Bitcoin = political statement; perhaps making some gains

A gold standard is good, but people are greedy and a gold standard reduces economic growth and you will NEVER be able to have a gold standard during war time. Even the early usa during revolution did not have gold standard because it needed liquidity to finance the war.

>>11073757
dumbass, we're not talking about printing infinite supply. We are against both the current fiat model and the gold standard.
What we say is print only as much as production is increasing. That means having a strong national industry and as close as 100% employment.
That also means forbidding usury, interest on money. Which is what causes endless printing. Do you realize the amount of value is being stolen to pay interest on debt?

>>11073759
Why is it stupid? Money isn't supposed to fucking increase in value.

It's a perfect fucking comparison. You crypto people want bitcoin to be money.... ok well when I earn 100$ I'm not expecting it to buy me a mansion 5 years from now.

But if you bought 100$ worth of bitcoin in 2009 it could now buy you probably 8 houses

That's not how money fucking works

Are deflation and depression empirically linked? No, concludes a broad historical study of inflation and real output growth rates. Deflation and depression do seem to have been linked during the 1930s. But in the rest of the data for 17 countries and more than 100 years, there is virtually no evidence of such a link.

>>11073809
gold works like that too though lol, another anon already gave an example of how gold increases in value

see this guys post >>11073530

why do you think gold is immune to principles of supply and demand? I want an answer

>>11072503

Hah look at this mercantilist fool

>>11073792
PRODUCTION BRAINLET, Holy shit how many times do you have to hear it to understand. If the gold ounce 100 years ago is worth the same today, its buying you MORE goods and services than 100 years ago because production has increased more than tenfold. Which means you were rewarded for HOLDING a piece of metal, not even investing it. Meaning it has turned into something else than a measure of value, it has become a speculating commodity, which is not what money should be

>>11073777
Ok, I'll clarify, I'm not saying it's immune to supply and demand. That's part of it.... but gold didn't go from 300$ to $1,900 on demand alone. It went that high because our currency and economy is fucked.

Again a gold ounce bought you a nice suit 100 years ago and still buys you a nice suit today

>>11073793
Gold doesn't measure value? Then why the fuck has it been money forever?

>>11073838
literally anything can measure value, I can buy a car if I give the dealership enough chickens and donkeys. gold is not special in measuring value

>>11073830
a donkey in 3500BC bought you a nice thatched-roof cottage and a donkey today probably still buys you a nice thatched-roof cottage I don't see how gold is special in this regard

>>11073777
>?????
Do you even read posts you are replying instantly, fucking keyboard subhuman race. You can manipluate any assets even when you hold 50% or let as us even go as low as 25%. That's not even the point and random percentages throwing back and forward.

The point is fiat can be manipulated easier than gold because you can increase supply non stop and how much you want. You can decide THE SUPPLY. While all the other holders are getting burned by the increase.

For fiat...you hold the majority of the supply and furthermore are able to chose the AMOUNT of the supply compared to gold, where you hold the majority.

>>11073581
No, not's not literally the same fucking thing you brainlet cuck.

>>11073845
It is. It is meassured by production and has the best properties to store the value.

Car? Oh nice rust you have there.
Donkey? Oh sorry, he dieded.

>>11073858
>The point is fiat can be manipulated easier than gold
Actually, they're manipulated at the same ease. There's no difference in principle and I don't know why you're defending gold when it's a tool of the jews just like FIAT is.

Banking was started by people who started giving out pieces of paper "gold certificates" instead of physical gold. They realized that few people actually came back to get their gold so they could lend shit out. You don't even have to physically move gold to manipulate it.

>>11073796
This is true in general. But the manipulation and money printing is absolutely unprecedented and we are going to have the mother of deflationary collapses and gold and silver will overshoot its normal relative value by 10 miles.

Like I said.... a silver dime in same economic times equaled a days wage. And that's when people were actually creating real value. Some asshole working in the govt or selling insurance making 150$ a day is equal to 10 ounces of silver a day.... historically that would have taken someone 140 days of hard work to accumulate those 10 ounces of silver. And some asshole can transfer his 150$ in fiat in days wage for 10 ounces of silver

That flies in the face of economic reality.

So when this shit corrects having even 500 ounces of silver will be a small fortune.

Think about it.... when shit melts down... and nobody can afford gas and and everyone is foreclosing it's not like your going to bust out your silver and go about your day buying gas and laying your mortgage with your 100 ounces of silver a month.

That's the time your buying up fucking land and businesses for pennies on the dollar for what it cost you to get in the fiat paradigm

>>11073838
>>11073678
>>11073121
>>11073175

>>11073877
Don't even start the paper vs physical gold debate. Another reason why gold is undervalued and heavily manipulated by the infinite petrodollar machine.

>>11073890
>That's the time your buying up fucking land and businesses for pennies on the dollar for what it cost you to get in the fiat paradigm
more proof goldbugs are just speculators, they want to be rewarded for holding metals, ie adding nothing of real value to society

If you defend the gold standard you an offshoot of the jew tree plain and simple
>muh societal collapse
This isn't going to happen. And if it does, you'll get killed for your gold

>>11073799

Good system but people will abuse it.

Politicans will fake statistics to make the industry look stronger in order to print...in fact the american goverment is doing this since the 80s
Chinese institutions for example value american industry 10 trillion below its current official worth.

Better : a blockchain based money system where the industrial asset worth of all the industry is measured by an independent group...i have no clue how to organise this without corrution... i am too brainlet for this...maybe 'the people' decide the worth ? Or everyone from mayor upwards ?...

>>11073924
>more proof goldbugs are just speculators, they want to be rewarded for holding metals, ie adding nothing of real value to society
they are the moneychangers in the temple, creating 'value' by doing absolutely fucking nothing

>>11073927
>Muh, if you don't like the change, then you are retarded, and even when i am wrong and the change was idiotic, you will get killed.

300 IQ

>>11073824
Anachronistic.... your value was stored doesn't matter if production ramped up.

Gold is savings. Nobody knew if production would ramp up or not.

There is a bible verse saying that 1 ounce of gold bouht you 350 loaves of bread 2,500 years ago. Well guess what? That gold ounce from back then still buys you 350 loaves of bread. You take it to a coin shop you get $1,200 an you take that $1,200 to a grocery store you can still buy roughly 350 loaves of bread.

Your value was stored

History is fake.

>>11073931
>Better : a blockchain based money system where the industrial asset worth of all the industry is measured by an independent group..
this is the crypto we need and be on the lookout for something like this. I'm thinking, an algorithm or AI that can measure economic growth. no humans should be in charge, this is the strength of crypto currencies, once they're coded, it runs itself. cryptos don't need humans running them

>>11073877
Perfect. And who the fuck will obey this utopia rules? I will take the less worse aka gold standard over the infinite petrodollar machine.

>>11073938
>gold is good even though it's the most centralized commodity in existence
It's price is set by people in board rooms and that's a fact

>>11073974
Which isn't asset doesn't fall into that category?

>>11073945
>That gold ounce from back then still buys you 350 loaves of bread. You take it to a coin shop you get $1,200 an you take that $1,200 to a grocery store you can still buy roughly 350 loaves of bread.
It doesn't though. The value of gold changes. It's not the same as it was 3500 years ago and that's where you're just plain wrong

>>11073989
Most of the assets actually. I'm not arguing for the dollar to be backed by real estate. But you're arguing for the dollar to be backed by gold, a centralized commodity.

>>11073829
Ok.... what if I don't want to invest in the stock market? You keep bringing up the stock market you moron. Wtf does the stock market have to do with dollars being debased and prices rising?

I don't give a fuck about the stock market.

I want to know why if I earned 100k in 1981 and put the cash under my pillow for 37 years.......why does that 100k now buy me much less shit than it did in 1981?

People invest I understand that brainlet.... but people also want to SAVE. You can't have a fucking functioning economy without SAVINGS. And all our SAVINGS are being inflated away!

WHY IS THAT HAPPENING?

>>11074010
Everything will be centealized in no time. It doesn't matter which asset you take. The simple reason is the current distribution of wealth. Once again, i'd prefer a limited supply goldstabdard fiat instead of a Infinite petrodollar machine.

>>11073890

We have huge quantities of silver...much more than 200 years ago. Even in relation to the human population. Silver price is mostly driven by industrial use. Despite this the price is very low. Withput industrial use it would, considering the masses available, be below dollars. If there is a collapse, which you need for your thesis, factories will close down on a HUGE scale. The ask for silver will be shut down by industry while on a higher level for private use. It will stay at the relative value it has right now....i see at max 20% more worth

Dont get me wrong...i have some kilos myself...but it wont go up and make you rich. I wish it would...but in fact you will be able to buy the same amount of butter, milk or meat like before...maybe slightly more.

>>11074045
Enough of phoneposting, i am out.

>>11074045
We're never going back to the gold standard. Either start getting into crypto or get over it.

>>11073845
Good plan.... let's take a time machine back to 1435 we will measure value in chickens and exchange chickens for other goods and services. We will barter like peasants... instead of gold and silver neatly tucked away in our homes, we will fucking have 18 chickens running around to represent our wealth.

"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, and debt is the money of slaves."

truly randomized yearly deflation/inflation would be the best

>>11074069
and yet under your gold standard, the money would be based off debt, just like it was when we were on the gold standard, wonderful

>>11073927
Hahahahahaha

Don't own gold because someone would actually kill you for it.

You just made the best argument for owning gold in this entire thread.

>>11074044
where the fuck did i mention the stock market you brainlet?
>I want to know why if I earned 100k in 1981 and put the cash under my pillow for 37 years.......why does that 100k now buy me much less shit than it did in 1981?
Because 1) your country has printed beyond its productive capacity 2) Each dollar printed has interest attached, which means a good chunk of taxes goes to feed a parasitic class.
>all our SAVINGS are being inflated away!
again because you print more than you produce, this wouldnt happen in a labor backed currency system.

>>11073931
Yes if the people in charge are corrupt literally any system will fail. This is the problem you have stopped punishing corruption with the utmost severity, you even encourage it.
But you could fool people what, 1 or 5 years with fake production stats? Eventually they would wise up with the increase in prices, and kick their politicians ass.
Today with blockchain tech we can have a transparent system where you cant fake production stats, and you couldnt fake money printing

>>11073959
Yeah another (((independent group))) forget freedom, market set interest rates, a gold standard.

Let's get some more kike bureaucrats to measure the worlds economic activity of billions of people....
I'm sure they'll nail it

>>11073974
Again.... dollar price of gold does not matter. You literally buy gold because fiat is a scam.

Gold gave the dollar its value.... so it's blatantly retarded to measure gold in dollars

>>11073994
I just did the fucking math for you. A gold ounce (source the Bible) bought you 350 loaves of bread 500 years before Christ was born. And it still buys you roughly 350 loaves of bread today

>>11074154
Okay, dollar price doesn't matter so let's measure gold in how many goods I can buy with it. Gold is still subject to supply and demand. if the gold mafia who owns 90% of the supply takes a bunch of it out of circulation, gold will buy you more bread, if they short it, it will buy you less bread

stop pretending gold has the same purchasing power

>>11073496
>go look at when most of the people bought gold dumbass

Most people are retarded. Thats why they lose money in stock market, dumbass.

>>11074154
i ask for the 4rd time since you ignored all times i asked. How much is your house worth in gold without looking at its price in USD and the USD/Gold pair

>>11074049
We have quadrillion's in paper money and derivatives. When paper fails that shit is going to be racing to the small gold market and extremely small silver market.

Going to be the biggest transfer of wealth in human history

>>11074175
There it goes >>11072732 LMAO
>what is production
Bread production is the same now as 500 years before Christ brainlet?

>>11074115
And you stop all this by having a sound money economic system. Can't have socialism when you have sound money.

>>11074192
oops this was answer to this >>11074167

>>11074199
we told you 500 times already you are too stubborn to understand. JEWS OWN THE GOLD RETARD. You base your economy on gold, they buy your ass

>>11074175
Sure I'm not saying supply and demand isn't a factor...but it isn't mostly

>>11074225
>but it isn't mostly
THEY OWN MOST OF THE GOLD BRAINLET. They can manipulate your shit gold backed economy like childs play

>>11074212
I mean he's right that gold would theoretically not be a terrible means of exchange if it wasn't all centralized and pozzed.

His "kings buy in gold" idiom is from a time when gold wasn't so centralized. Now that gold is centralized, it's time to move on to something else. Silver? Would be better to use as money than gold I guess. gold sucks

>>11074192
What does a gold ounce mined 2000 years ago have to do with increas in bread production?

>>11074249
because the value of something is determined by supply and demand, not gold. if there's more bread, bread is worth less. if there's more gold, gold is worth less.

>>11074212
But under a gold standard your dollar is gold. So you don't have to carry around gold.

>>11074244
So if they own most of the gold the supply and demand doesn't really change.

>>11073564
>if we burned down congress, payed the central bankers enough to go to their own fucking country, then initiated labor backed currency, shit would be fixed in a fucking year

Have fun trying to get your "Labor backed currency" work. You could just as easily try to get communism work.

>>11074249
your argument for gold is literally an argument AGAINST gold. Say production to consumption ratio 2500 years ago was 1.5:1, meaning for every ton and half of bread produced only 1 was consumed the other half was stored. An ounce of gold bought you X bread.
Fast forward today the ratio is 5:1, for every 5 tons of bread 1 is consumed the rest is stored. Gold still buys you X amount of bread. Your gold is buying you the same amount of bread, but since supply of bread has increased you have lost purchasing power.

>>11072644
Silver is a by product of gold mining.
Silver is "inquarted" into gold to refine gold.
Silver has industrial uses.
Silver has medical uses.
Silver is historically at an all time low and I believe it's being artificially depressed by "paper silver" trades.
I'm certain if all the silver trades had to be linked to their physical silver then amount traded would out strip the actual physical silver 1000-100000:1 approx.

I only own 1kg of silver and 100g of gold.

>>11074273
>>11074283
>So if they own most of the gold the supply and demand doesn't really change.
We've gone over this, they can take it in-and-out of circulation. If there's only 100 gallons of water in the world and I own 90 gallons, and I hide away 50 gallons, the supply of water just went down.

Just because it physically exists somewhere doesn't mean the supply didn't change. If I can't fucking buy it, in economics, it doesn't count as supply because its not on the marketplace to be bought.

You seriously need to understand how fractional reserve banking works because this is how the system works, EVEN under a gold standard.

https://www.youtube.com/watch?v=iFDe5kUUyT0

>>11074273
>>11074283
im done with you, you are literally too stupid to understand basic economic principles

>>11074317
I should add, this is how the system works, under a central bank with a gold standard. This is how the US ran its monetary policy when it was under the gold standard with the federal reserve. It's way less pozzed when there's no cenral bank involved.

>>11074260
But there's more people today than 2,500 years ago so of course there is more bread production. If there were only 10 million people on the planet 2,500 years ago and the population remained constant and there was still only 10 million people on the planet today.... it's not like bread production would increase.

Gold is a measure of value if that bread and its remained constant for 2,500 years.

Of course there's keen bread produced today.... there's 8 billion fucking people on the planet. What was the population 2,500 years ago?

>>11074287
commies still used gold and never forbid interest on money. How do you think they funded the commie revolution? With a big stash of gold sent from abroad

>>11074341
>what is production to consumption ratio

>>11072471
>what is XMR tail emission

>>11074307
Dude, again.... the population wasn't probably 1/100th 2500 years ago than what it is today.

I mean you don't even have to go back that far.......

What was the price of bread 20 years ago? I bet it was like $1.50 or so. Today it's like 4$ for a loaf of bread. Your telling me that demand for bread has doubled in a short 20 years?

>>11074326
Thats just how people think it works. My grandpa used to think like that. "Back in my day, I could take my dollars to the bank and exchange them for GOLD!"

He was larping of course, you actually couldn't do that lmao. FDR made it illegal to own gold even while we were under the gold standard. It was paper the whole time!

>>11074350
Wow so you ar me saying they funded something with real money and savings? Doesn't matter if you are funding a communist revolution or if you are funding a whore house.... you need money and savings to get it off the ground.

>>11074307
>Your gold is buying you the same amount of bread, but since supply of bread has increased you have lost purchasing power.
top kek

goldbugs obliterated

>>11074374
So if some commie president makes gold illegal..... that would mean that the plebs would want it? Right? That's how logic works, right?

So if the plebs can't own it that's a bad thing for the plebs right?

>>11074369
population therefore demand for bread has nearly doubled in the last 20 years. If the currency didnt inflate and your production matched the demand for bread the price wouldve remained the same: $1.50. But you have printed beyond production therefore its now worth $4. If your bread production increased as much as you printed money, it wouldve stayed at $1.5

>>11074391
Supply of bread has only increase because there's billions more people on the planet right?

If the population was the same today as it was 2,500 years ago than they wouldn't be producing the amount of bread they produce today with 6 billion people on the planet, correct????

>>11074385
they could fund their commie revolution with gold because retards like you value gold. If people realized what scam it is and gold was reduced to jewelry and decoration use as it was in ancient times this wouldnt have been possible

>>11074407
Ok so what's the issue? They are printing money out of thin air because they aren't restricted by a gold standard. And now bread is 4$ instead of $1.50

>>11074410
the RATIO has increased brainlet, we produce more bread than consumed. 2500 years ago the ratio was LOWER. Price is higher with time because the ratio is not high enough to match the amount of currency being printed

>>11074430
There are MANY WAYS to restrict it, not just gold. This is what we are trying to tell you. There are BETTER ways to restrict it than using something jews own the majority of

>>11074430
and its more about increasing production than restricting money printing to prevent inflation. The focus being on INDUSTRY and LABOR not GOLD

>>11074410
Production is not linked with Population. Even if the population today was the same, we'd still produce 1000x more bread because of technology and science.

This is how dumb goldbugs are. You say, "3500 years ago I could buy a suit with 1oz of muh gold! I can still buy a suit today 1oz with muh gold!"

Well actually, the production of suits has increased 1000-fold thanks to modern technology. So that means the purchasing power of your gold went down by a huge amount.

Which means it's not even a store of value, because gold can't even keep up with increases in production, lol. Suits are cheaper and in greater quantity than they've ever been and yet gold still only buys you one measly suit. Your purchasing power went DOWN. Gold is doing the same thing you were complaining about earlier with FIAT.

>>11074419
I don't even get what you are saying. So what the fuck do we give value to to represent wealth?

Beanie babies? Ok... then the next communist revolution will be funded by beanie babies what's the difference?

>>11074397
not having gold would only affect 'plebs' if they were pleb enough to value gold to begin with! You can have all the gold in the world if people stop giving it value, ITS WORTHLESS. It is your belief that gives it power. The fact humans had this belief for centuries doesnt mean we should continue doing so! It has been our downfall you are too brainlet to see this

>>11074450
And how do you save????

>>11074473
A fiat system wherein money is only created IF there is the production to back it up, as has been stated countless times in this thread.
This way money returns to being something that simply facilitates exchange, not a merchandise to speculate on! Meaning you cant lend it and charge interest because that would be earning from something which is only supposed to be exchanged for goods!

>>11072417
BASED MF

>inb4 das jeden

i love me some sowell and friedman

>>11074484
Without inflation having cash would not be a negative! Your $100 would be worth the same with the years. You can save your money without fear of it losing value.
Why would they be worth the same if money is being printed? Because your country is producing so much it buys you the same, cause prices remain stable.

>>11074452
Even if I grant you what you are saying...... the purchasing power of gold is holding completely steady in comparison to the dollar right?

Gold still buys you a 1 nice suit today just like it did 100 years ago.

20$ bought you a nixe suit 100 years ago but doesn't even come close to buying a nice suit today

>>11074515
Prices remain stable.... kinda like ona gold standard

>>11074520
But the supply of nice suits has quadrupled. Which means your gold was devalued because it's still only buying you one suit even though suits are four times cheaper. How can it be a store of value if it devalues

>>11074520
>gold still buys you a 1 nice suit today just like it did 100 years ago.
but we produce 100x the amount of suits today, if it held its purchasing power it should be buying you 100 suits retard!
>>11074535
without using your goddamn gold! and risking the jews owning 90+% messing with your economy

>>11074557
Answer me....

You work for a week in 1918 and you make 20$ for the week, which is convertible into 1 oz of gold.

You then hop on a time machine to 2018. What are you bringing with you? The 20$ or the gold ounce after you busted your ass working for a week.

>>11074565
Yeah because there are more people! If the population remained the same today as it was 100 years ago than we wouldn't be producing as many suits as we do today!

You think they are producing 1000x the suits today as back then for no reason?

https://www.youtube.com/watch?v=wKDo8IhRWyQ

I'll leave this here. Labor backed currency is what the Natsocs were trying to establish. You dont need gold to have a superior economy. It was such a menace to the bankers they just had to destroy it.
I also leave this book for the goldbugs, so that you reconsider what really holds value, which is a man's work and the soil with all its natural resources.
https://www.nationalists.org/pdf/hitler/manifesto-for-abolition-enslavement-interest-on-money-gottfried-feder.pdf

Remember you americans allied with the commies to destroy this, and murderer Rockwell the one true patriot trying to establish this.

>>11074616
again, RATIO. Holy fuck how many times do we have to explain it to you. Production/consumption RATIO is HIGHER today!!!!

>>11074565
The Jews are able to mess with the economy because they brainwashed us into accepting fiat. Min wage went a lot further 55 years ago than it does today

>>11074631
So what if it's higher? That gold ounce still holds its value it doesn't matter how much production increases

>>11074597
You answer this >>11074184
which im asking for the 5th time

>>11074597
>If the population remained the same today as it was 100 years ago than we wouldn't be producing as many suits as we do today!
We'd still produce more because of technology. We have machines that can make suits. We don't need people anymore.

I'll take the gold, because the gold is worth more than the dollars, but gold is still being devalued in the suit scenario, the gold is becoming worth less over time, therefore it's not a store of value.

At that point, it's just a thing that depreciates slower than dollars. If you want a thing that depreciates slower than dollars, then be my guest and buy it. I'm not stopping you. But don't pretend it's holding the same value forever and ever amen.

anyways im out peace enjoy your gold i guess, i dont know why you're so obessed with gold when silver is better anyway

>>11074633
The jews were able to establish their central banks because guess what, they were in the banking business for centuries! How was that possible? GOLD

>>11074644
If an ounce buys you X of a product 100 years ago, but the ratio of production/consumption is higher today and that ounce still buys you X it means it lost purchasing power, BRAINLET

>>11074651
its not the first thread this guy's in, he literally makes the same shit argument again and again like a broken record. He doesnt consider technology and production at all. He will answer this >>11074671 with: "i still buy the same with the same amount of gold so that means it held its value"

>>11074718
You're an alright anon. Do you want to know how I got started on this journey on being redpilled about gold and learning about production backed currency?

I could tell you but I'd probably have to take this discussion to /pol/ so as to not shit up biz

milton friedman is based af

>>11074671
How much higher is it? In fact....... you look at old pics everyone is wearing a suit back then. People wore suits to baseball games, around town. So I would easily argue that on avg people wore suits more back then compared today, but production has only increased because population increased.

But that has nothing to do with the value of gold

>>11074718
Well the gold did hold its value. So your saying that I work for a week......... good weekly 20$ salary.....which equals one nice suit. And I hold that 20$ in a safety deposit box for 100 years..... now your saying that for that one week of work 100 years ago I should now be able to buy 1,000 suits?

That's just flat out wrong

>>11074795
probably cause you studied the natsocs?

>>11074829
style and fashion changed, there is increased production in suits but demand hasnt increased as much, this would mean in dollars the price should've gone down, but it went up because inflation. If you converted the dollar cost of a suit today to 1910s dollars it should still be cheaper, meaning if your gold is buying you the same suit when its production cost went down you are getting ripped off

>>11074853
a week of work is not worth the same today brainlet. We got machines now producing way faster. Workers got tools that amplify their work.
There is no way to store a week of labor from 100 years ago. If you somehow could yes it should be buying you many more goods than 100 years ago. With gold you are not storing that week of labor from 100 years ago, its depreciating in value but slower than say fiat. If that gold is buying you the same goods as 100 years ago you lost purchasing power because production increased. Use your damn brain

>>11074937
Yeah but I put my energy into working 100 years ago. If I get paid 20$ which is a good weekly salary in 1918.... that money I earn isn't supposed to buy me 1000x the shit 100 years later than it does when I earned it in 1918. That's just fucking retarded. Doesn't matter what production advances there are or how much more production there is.

I mean that's just stupid actually.

I work for a week in 1918 make a regular good weekly salary and that 20$ is supposed to buy me 100 times more shit if I just sit on the 20$ for 100 years? That makes literally no sense

>>11074888
Welp I'm only gonna make one post. But basically I read this http://xroads.virginia.edu/~ma01/Kidd/thesis/pdf/protocols.pdf

It's a book that was allegedly written by head honcho youknowwhos and was "discredited," but most of the stuff in there has or is coming true especially as it relates to monetary policy.

There's a section in it, where it talks the gold standard and how it's used to deliberately wreck economies. They admit they own all the gold and cause depressions by contracting the money supply and hyperinflations by expanding it.

Then they say, when they come 'into power' they are going to do away with their bullshit and institute "industrial paper" which is basically just debt free currency backed by work.

They flat out fucking admit that they set up the system to ruin us. And once they get what they want(total control over the world), they'll run things as they should be. They literally make the world a worse place so they can fix the problem they caused.


read the whole thing but note this part of the gold standard section.

>YOU ARE AWARE THAT THE GOLD STANDARD HAS BEEN THE RUIN OF THE STATES
WHICH ADOPTED IT, FOR IT HAS NOT BEEN ABLE TO SATISFY THE DEMANDS FOR MONEY, THE MORE SO THAT WE HAVE REMOVED GOLD FROM CIRCULATION AS FAR AS POSSIBLE.

>Stagnation of money will not be allowed by us and therefore there will be no State interestbearing paper, except a one per- cent series, so that there will be no payment of interest to leeches that suck all the strength out of the State. The right to issue interest-bearing paper will be given exclusively to industrial companies who will find no difficulty in paying interest out of profits, whereas the State does not make interest on borrowed money like these companies, for the State borrows to spend and not to use in operations

enjoy and peace out for real this time

>>11074974
holy fuck you are stupid. Yes it should be buying you more because with technology we increased production so much, the basic shit that 100 years ago was expensive like a car is way cheaper today. The week of work, say making shoes, was MORE valuable 100 years ago because we didnt have machines mass producing shoes.

>I work for a week in 1918 make a regular good weekly salary and that 20$ is supposed to buy me 100 times more shit if I just sit on the 20$ for 100 years?
if you just sit on those $20 you'd lose it to inflation. If you somehow could store that $20 worth of 1918 and have it today being holding the same value IT SHOULD BE BUYING YOU MORE BECAUSE WE INCREASED PRODUCTION OF GOODS MAKING THEM CHEAPER, BRAINLEEEEEEEET

>>11074976
ahh yes the protocols, they claimed it was a forgery to discredit it because it was leaked and it wasnt supposed to be leaked. And the people just ate it up and now no one takes it seriously.

>>11075025
Yeah but the production increased after you made that 20$ or gold ounce. You put in your sweat equity before the production advances happened .... you got paid a fair wage.... which is equal to one suit.... you shouldn't be able to now buy 80 suits with it. That's not how money works!

>>11075105
>you shouldn't be able to now buy 80 suits with it
of course not brainlet because you are not supposed to be able to store the same exact value for 100 years! Its just not possible not even with gold! You work a week today for $1000 and $1000 buys you X amount of goods. If you could store that value for 50 years it would be getting you 5X goods if we increased production 5X, but you CANT store it for 50 years. Thats not how money works either! Because your week of salary today will be worth way less in the future with increases in productivity

>>11075172
say you exchanged those $1000 for goods, and you kept those goods for 50 years. If in 50 years production increased 5x, those goods are now only worth 1/5.
The only thing that keeps value through time reliably is LAND. Because there is a finite amount of it and it holds other valuable things like resources. Population keeps increasing but the amount of land stays the same.

last bump before thread dies. Its good discussion and a break from all the crypto shilling