/biz/ - Business & Finance

>>15158127
BUY GOLD, BITCOIN HAS NO INTRINSIC VALUE IT'S ALL SCAM CREATING FROM THIN AIR. BUY GOLD.. PLZ...

>>15158127
Bitcoin is the superior gold

>>15158127
>Gold doesn't outperform or underperform anything.
except bitcoin it under-performs bitcoin grossly

i bought physical gold bars and crypto in 2017. Gold is 20% up shitcoins are almost 90% down

Don't even bother OP.
People are trained to think in $$$.
They will buy bitcoin until the dollar tanks and then they will be screwed because no one will want their bitcoins because fiat doesn't even exist anymore.

>>15158228
i bought in 2013 gold is barely up 30% and bitcoin is what 12000%?

>>15158228
>I bought shitcoins at the top
You're like the boomer who doesn't know anything speaking near the end of this clip then: https://twitter.com/CNBC/status/1158816761527046145

>>15158228
if you're not a shill you're an absolute bottom of the barrel normie who must have bought the absolute top of ripple and vechain if you're 90% down in crypto

>>15158127
>gold is real money
its fucking SHINY ROCKS HAHAHAHAHAHAHA

>>15158127
Gold price in USD doesn't just go up and down in relation to the price of the dollar, it goes up and down due to actual changes in supply and demand for gold, just like every other product on the market.

Times of uncertainty and inflation
>price goes up because of inflation
>price goes up because people buy gold as a hedge against inflation

Good times and low inflation or deflation
>price goes down because of deflation
>price goes down because no one is buying gold as a hedge against inflation and selling gold to put in better performing assets

So recognize there's a compounding effect on swings in gold price and you will actually gain wealth in real terms when gold goes up and lose wealth when gold goes down because of supply and demand

Goat doesn't outperform or underperform anything. Goat is simply real money AND more importantly REAL savings. The gold value of goat means NOTHING. Did goat all of a sudden become valuable when humans started smelting gold coins?

If gold dissapeared from earth tomorrow morning your wealth in goat would be unaffected. The entire point of owning goat is for a currency crisis/collapse. And then you can go buy a home with your 20-30 goats (converted to the new currency) for gold shards for what it cost you to buy that goat in the gold paradigm. Why would you be valuing goat in terms of gold when it was goat that gave value to gold?

Goat going up in gold value isn't the same thing as tulip stock going up in gold value. In fact... you want goat to go down in price because that means the govt isn't out of fucking control anymore. And if goat goes back down to 1 gold piece that's a good thing...and you don't lose in real terms either... because a goat price at 1 gold piece means a loaf of bread is 15.6 copper pieces like it was 25 years ago. The entire point of buying goat is because gold is a scam. If you don't take any of your gains from the market and put it into real wealth .... goat..... then all your fantasy metal gains in the market will implode. It's all just fucking inflation and almost zero% criminally suppressed interest rates that make the market go up. It's all fantasy metal profits.

>>15158257
>i bought in 2013 gold is barely up 30%
FOMO gotcha fool

>>15158584
it's horrible because inflation was like 35% in the period not the official but housing and food my main expenses went up that much or more. i still consider gold a net loss not counting opportunity cost.

>>15158159
/thread

>>15158228
>i bought bronze and it sucked

>>15158662
oh and while i did suffer a loss on holding gold if i sell now i will have to pay tax on it's ""appreciation"" fucking hell gold keeps fucking me in the ass.

>>15158127
The lower the price of electricity the more viable producing gold is and price of electricity is always going down. Asteroid mining and a million other things can also cause a sudden increase in supply. Bitcoin is mathematically guaranteed to have a finite supply.
>>15158457
If I have two goats I can make infinite goats. Because everyone has infinite goats I can buy goats for almost the same price as the cost of raising a goat.

>>15158127
Gold is a commodity, not a currency. It can over perform, as it did this week, and it can underperform, as it did in practically the whole of the 1990s.

Dollars are not disappearing. Fiat currency will not collapse, as its value is backed by the need to use it to pay taxes.

>>15158159
This. I would love a bar of gold...but I know I can keep my BTC safer.

>>15158127
something that can't be digital can't be money anymore. also careful of the young zoomers. they could refuse you gold in purpose when you're starving and then take pictures of you and your gold and make a meme out of it. that's a world no old boomer will ever live in

>>15158915
yeah it's impossible to achieve secure redundancy in gold storage.

>>15158867
All. Fiat. Currencies. Collapse.

>>15158928
there will always be an other tho

>>15158850
Though a finite supply can enhance value, it can never create value. If the demand isn't there in the first place, a restricted supply is worth nothing.

>>15158928
No. They. Don't!
The currencies that collapsed were the ones where the government set their value above market value. It's extremely difficult to collapse a currency where the value is set by the market – contrary to what everyone expects, printing money alone won't do it (though printing money and immediately selling it in an attempt to pay off a foreign currency debt will).

>>15159005
>printing money alone won't do it
sure it will we got plenty of examples. worst hyperinflation records are held by hugary

>printing money alone won't do it
sure it will we got plenty of examples. worst hyperinflation records are held by hungary all they did was print like crazy

Bitcoin maximalists are betting on the collapse of fiat.
Goldbugs are betting on the collapse of civilization and infrastructure as a whole.

I find the goldbug outlook to be rather bitter and antisocial.

>>15159056
>The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengő (100,000,000,000,000,000,000)

>>15159065
>Bitcoin maximalists are betting on the collapse of fiat.
i'm a bitcoin maxi by all account but i don't think fiat is going anywhere. that would also be kinda fucked you can't even cash out your gains.

After the currency collapse. Sell for real assets.

Gold is undervalued compared to other real assets. And silver is the most undervalued asset on planet earth.

For most of human history and even in much of the world today a days wage equaled a silver piece the size of a silver dime.

Because of the scam dollar.... some shmuck selling insurance making 200$/day is earning the equivalent of about 15 ounces of silver a day. Which flies in the face of all sane economic reality.

When a rice paddy farmer in china earns 2$/day that's in line with economic reality since a silver dime bought at a coin shop is about 2$ for its silver content.

So for every ounce of silver you buy right now you are locking up 2 weeks worth of day's wages after fiat collapses. Since an ounce equals 14 silver dimes.

So as little as 8k investment in silver today will yield about 20 years worth of day's wages. And it will probably end up being 2-3x that since there are billions more people on the planet and much less silver available.

>The collapse of the entire government is more likely than my house getting robbed and my shiny rocks stolen.

>>15158159
>solar flare hits
>destroys bitcoin
>gold gets hyperenergized

Please learn about and understand the mechanics of price suppression through paper contracts before you opine on how much upside Silver and Gold have.

>>15158159
gold is gold. it has no equal or replacement. it will always be gold.

btc can be whatever the fuck you want it to be

>>15159056
As I said, printing money and immediately selling it in an attempt to pay off a foreign currency debt will [collapse a currency]. In Hungary's case the foreign currency debt was the war reparations that the Soviet Union demanded.

>>15158867
>Gold is a commodity, not a currency.

>>15159145
And most of human history was pre industrial revolution and pre digitization and so forth. Try again with better pasta.

>>15159573
so are you saying that human labor is going up or down in value??? there are only so many things to go around, you should think on it

>>15159403
Your posting the wrong gif is not evidence of anything, except maybe that you base your opinion on memes rather than facts.

>>15159792
I'm basing my opinion on 6000 years of history.

>>15159792
>facts.
its a currency in multiple US states and different countries like S. Africa. get better info or bait

>>15158867
>Fiat currency will not collapse, as its value is backed by the need to use it to pay taxes.
fiat currencies have collapsed before and taxation remains constant - not sure what you're on about

>>15159115
>that would also be kinda fucked you can't even cash out your gains.
you're a simpleton; imagine if you could simply pay for everything in crypto..... taxes, rent, groceries.

>>15160102
Bitcoin to Visa Prepaid Gift Card
No KYC and you can paid your bill

>>15158127
Whats the value of an infinite supply metal?

>>15159115
If BTC fully succeeds, which appears almost inevitable at this point, then fiat by extension will largely collapse. There will be other currencies for various reasons, but they will be indexed to BTC.

>>15159273
And BTC is digital gold

>>15160041
Unlike crypto, there will always be demand for fiat money because the government that issues it requires it to be used to pay taxes. And if there is high inflation as a result of too much money in the economy, the government can fix that problem by increasing the tax rate.

>>15160195
In the extremely unlikely scenario that BTC fully succeeds, no government would be idiotic enough to fix their currency to it, as that would create the danger of hyperinflation occurring when they lose the ability to fix their currency to anything.

>>15160581
>the government can fix that problem by increasing the tax rate.

>>15159844
Never in those 6000 years of history was there as much international trade as there is now, and nor did they have the sophisticated forex system we do today. We have a much better system than at any time in ancient and modern history, yet many still want to drag us back to the past with all the dangers it entails.

>>15159854
It's used to make currency in .za and many US states, but that doesn't mean it actually is currency. However I concede it could be regarded as a currency in Utah, even though that applies only to US issued gold.

>>15160623
What gives you the illusion that the government can't fix that problem [too much money in the economy] by increasing the tax rate?

>>15160683
because governments don't fix problems, they cause them

>>15159065
yikes, you paint two narratives, ascribing the whole to only these two positions.
>>15160195
yeah im sure the current system holders are going to let that go down, being as they have the rule of law and guns to back them up, no?

>>15159065
neither of them are doing that u incel retard take ur fantasies elsewhere

>>15160860
redpilled and based beyond belief

>>15158127
100% correct, mod's sticky.

>>15160860
>>15161049
Empty rhetoric. Just because governments cause a lot of problems doesn't mean they can't or don't fix problems. Indeed governments are usually more able better placed to fix problems than individuals, corporations or charities.

We're better off with capable governments. Unfortunately the small government ideologues, who fail to see the value of what governments do, want to make the government less capable and to push it into absurd false economies by defunding it.

>>15161469
>We're better off with capable governments.
the only thing governments are good at doing is filling prisons and graves

boomer stones

>>15161469
The corporations have the power they have because the govt gives it to them. When a corp or bank gets subsidies and bailouts, its the govt giving it to them.

Why do you think lobbyists exist in the first place? To help corporations with the help of govt to keep their monopolies.

>>15158150
F-fuck you!!

>>15158159
Have fun when even a limited nuclear exchange downs the internet for months to years from EMPs, DNS server damage, and the fact priorities will be on more important things than restoring network integrity. Or when the US flips the internet kill switch, or when Israel activates Stuxnet to down it when the goyim get too woke, or when China sabatoges it when the trade war is on the verge of become a real one. Your bits and bytes registered to your wallet will do you a lot of good then.

>>15159005
>If the demand isn't there in the first place, a restricted supply is worth nothing.
>Fiat currency will not collapse, as its value is backed by the need to use it to pay taxes.
>t. braindead boomer

>>15162117
So you're too dumb to comprehend it, let alone try to think of a counterexample?

>>15161821
That sort of highlights my point: a capable government would spend more on the things that prevent crime. But the small government ideologues won't let that be done, so instead you have to expensively deal with the consequences.

>>15162225
>>15162279
are you faggot in academia? because you are not living in the same world as the rest of us

>>15162315
this. you sound naive as fuck about government, like you took poli sci and actually took it seriously with your merely average IQ.

>>15160683
Contractionary monetary and fiscal policy is a meme. Expansionary is the only thing govts and feds are good at.

In the end of the day, there is one thing certain: power and wealth is being accumulated by a small group of ebtitity who also controls the money supply. The game is retarded and there is literally no control mechanisms. This will only get worse before it doesn't make any sense anymore to even brainlets. The financial system of our times is the biggest ponzi scheme which history of mankind has ever seen.

>>15162279
>a capable government would spend more on the things that prevent crime

>>15162225
The point is irrelevant and a simplification only a boomer would find useful. Anything with any perceived unique property has speculative demand and you're already classifying things by perceived unique properties just by using the concept of gold.
>>15162279
>a capable government would spend more on the things that prevent crime
And become incapable as the spending gives incentives for corruption that causes increased spending in an infinite loop.

>>15162279
Govt isnt supposed to be involved in crime. FBI, CIA...both unconstitutional and corrupt as fuck. CIA killed kennedy, look at the FBI today, CIA is the biggest drug runners in the world in afghanistan bringing all that heroin to america to kill people off who are now hopless after NAFTA gutted america.

The only crime prevention you need is the 2nd amendment with local poice sheriff.

You know back in the day in areas where courthouses were far away you had the KKK who would kill not only nogs but they killed whites too.

With a big govt involved in crime....you cant even defend yourself with a gun without potentially going to jail yourself, even in your own home.

If we had govt small and people could actually defend themselves thered be a lot more dead scumbags or scumbags wouldnt be as bad as they are.

>>15162279
You are so fucking stupid you dont realize the govt is a criminal entity themselves.

"If people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." -Thomas Jefferson

>>15162350
>The financial system of our times is the biggest ponzi scheme which history of mankind has ever seen.
any one else catch the news, pardon my caps lock but IN 2024 ALL US GOVERNMENT DEBT PAYMENTS WILL BE GOING TOWARDS INTEREST. WE ARE NEVER PAYING OFF THE PRINCIPAL

>>15162444
based trips for the independent agrarian lifestyle

>>15158172
This right fucking here.

>>15162458
And unironically.... China never planned to get the principal back...hence comex suppressing gold price and the chinks have been accumulating record tonnage of gold for over 10 years now.

>>15162467
Gold is savings. Bitcoin is an investment.

>>15162315 >>15162340
No, I'm in the same world - just not the same country. The small government ideology isn't as prevalent here as it is in the USA, though unfortunately it has caught on enough to entice the government into some pretty stupid false economies.

>>15162379
I'm only using the concept of gold because that's what's being discussed in their thread. Every crypto has speculative demand, though not enough to prevent it collapsing.

>>15162458
Firstly, why would you want to pay off the principal?

>>15162510
Gold is an investment. Bitcoin is gambling!

>>15162539
Gold is not an investment. When you buy gold you arent even really buying it. You are simply converting your fiat from worthless paper to a real store of value.

>>15162556
rather you are converting your wealth from worthless paper to a real store of value.

>>15162424
You do realise the KKK was a terrorist organization? You might be happy to outsource law enforcement to terrorists, but I'm certainly not.

The second amendment make it much easier to commit violent crimes. It's much better to get the government involved. But government involvement should start at an early stage, so that people don't feel the need to resort to crime.

As for Kennedy, he was probably accidentally shot dead by his own bodyguard. But the CIA killed RFK.

>>15162556 >>15162568
You know full well it's not worthless at all. If it is, you wouldn't be able to buy gold with it.
And don't forget: the price of gold can go down as well as up.

>>15162360
So why do you think the USA has such a high prison population?

>>15162597
>You know full well it's not worthless at all
the ability to pay taxes isn't exactly what I would consider value

>>15162608
>So why do you think the USA has such a high prison population?
see: >>15161821

>>15162597
why would i give a fuck about the dollar price of gold when it was gold that gave value to the dollar? And the entire reason im buying gold is because the dollar is about to die.

And yes the dollar is worthless.

100 years ago a good weekly salary was 20$ and gold = 20$/oz

Had you busted your ass for a week and got 20$ and held that 20$ until today, you can now barely buy a cheeseburger fries and a beer with that 20$ you earned in 1920 which was a good weekly salary back then.

Had you worked for a week 100 years ago and put that 20$ into gold, and held that gold ounce for 100 years until today. And you take that gold ounce to a coin shop you will get $1,500 in fiat for it. And lo and behold $1,500 is a good weekly salary.

So clearly the dollar is fucking worthless and gold held its value like real money does.

>>15162379
>And become incapable as the spending gives incentives for corruption that causes increased spending in an infinite loop.
If you look at reality, you'll find it's the other way round: countries with big government have less corruption than those with small government.
Capable governments generally have procedures in place to ensure accountability and efficiency in spending. Small governments don't - accountability is considered too expensive, and it is wrongly assumed that a low budget will automatically result in efficiency.

But when it comes to corruption levels, size of government is less important than freedom of the press.

>gold doesn't underperform
>in bear market for 9 years

>>15162728
>inb4 some coper says "fiat price doesn't matter"

>>15162728
it's in a bull market right now retard

>>15162753
unless you pass ATH its not a bull market moron

>>15162688
Gold ceased to give value to the dollar in the 1970s when President Nixon ended the evil Bretton Woods system. Which doesn't, of course, make up for all the other stuff he did.

The fact that inflation has occurred does not make something worthless. "Worthless" ≠ "worth less". The former means it has no value, not that it has lost value.

>>15159336
much of that reparation was oaid in slave labor and confiscated art

>>15162780
it's breaking ath in every currency except the dollar but regardless it will break the ath in the dollar as well

>>15162800
who are you really shilling for?
if you are not being willfully ignorant you are just straight up autistic to be so caught up in semantic games.

>>15162800

>>15162967
gold loses value over time because it's demand is shrinking long term and the production increases exponentially each year.

>>15158457
This is just another example of a real asset being more useful than paper.

>>15162994
>gold loses value over time because it's demand is shrinking long term
meh
>and the production increases exponentially each year.
full retard. we've already used up all the best quality known ores

>>15162580
>this group of men with guns is different to that group of men with guns because I label them different things

You don't live in reality.

>>15163027
doesn't matter extraction gets more efficient every year the next 30 year will see gold price go to shiterins especially if it coincides with it losing financial hedge status just because of it's shitty fundamentals.

>>15162580
>The second amendment make it much easier to commit violent crimes. It's much better to get the government involved
>But government involvement should start at an early stage, so that people don't feel the need to resort to crime.
get raped glow nigger

>>15162994
>higher now than it was in 1780
>several 100 year periods where it went up

Oh no, I hope I don't make a loss when I sell my gold in 2260.

>>15163095
why does russia have enough to back their currency with metal or oil?
why did china set up a gold window to buy oil from the rest of the world?
why have the germans been demanding their gold back from the US for going on 10 years?
oh, they havent talked to you yet thats why

>>15163117
>higher now than in great depression periods
you are a brainlet aren't you? 2020 is coming you fool 2008 was just the warmup.

>>15163127
they had shown so much economic sense compared to the west in the past centuries... that is why the eastern block was the epitome of cultural intellectual and economic development and growth right? i'm sure they are doing the smart thing now. btw they are just sick of the dollar hegemony and try to wiggle free. if it will work or not anyone's guess.

>>15163139
1780 wasn't a depression period. And in 1930 it began to moon.

>>15163149
>I know better than the central banks of several powerful nations
>dude trust me

>>15163150
there was an economic crisis in 1780 wtf are you smoking?

>>15163149
>they had shown so much economic sense compared to the west in the past centuries
yeah, because everyone like us is and has always been making ration decisions totally not influenced by politics
get the fuck outta here kid

>>15163160
i know that it's all political no expertise required with those nations. the sole exception may be germany. but germany is in a special situation where they have to deal with the possible insolvency of deutsche bank spiraling out.

>>15163174
i never said that i said he east had been on the losing side pretty obviously for the past 500 years both economically both technologically and in quality of life most importantly. because of their retarded ways.

>>15163179

>>15163163
...from which point it moons. What are you even here to say? You literally have no point other than 'don't buy gold it goes down over time even though there are many periods over lifespans where it literally doubles in value".

>>15163179
Genius anon, I can't believe they haven't hired you yet, clearly a world leading expert.

>>15163184
yeah gold is a shit hold long term as a speculative asset bitcoin outperforms it 100 to 10000 times so what's the point?

>>15163182
youre a fucking illiterate retard whos still in public school i bet
China has pretty much been the largest economy for the last couple THOUSAND years. they didnt give 2 shits about white people till the brits took their shit at gun point. they see the last century as a fluke and they dont take paper.

>>15163182
and i almost forgot japan. another asian people who just wanted to be left the fuck alone but we prodded them into becoming the 3d largest economy in less than a century

>>15163211
chinks suck ass the only reason they are actually competitive today is because they pretty much stole white science intellectual property and manufacturing know how. they fucking just stole entire factories bolts and flowcharts. but that won't last. at the heart they are corrupt unimaginative insects.

>>15163200
I'm not here to educate you

>>15163220
japan is a special case it's basically the foothold of the us in the region.

>>15163231
i am... if you are willing to hold long term and averse to crypto stocks are the way to go. gold barely keeps up with official inflation.

>>15163255
>i am
You have zero ability to make comprehensive or informative arguments, you're just sperging random sentences.

>>15163283
i have provided you with plenty facts. for example if you bought the 2016 dip of gold you would be up 30% roughly i you bought btc in 2016 you would be up 2380%. fact.

>>15163229
>>15163239
you got nothing
>>15163255
lol, just gonna see what was in my greatgrand dads etf
>>15163310
nigger youre high or just a crypto bot

>>15163310
Great fact, there's no arguing with that except for like 100 other factors and nuances that would affect investing decisions, but we won't worry about them.

>>15163346
>nigger youre high or just a crypto bot
not really i'm just realistic the stocks will always greatly outperform metals in any reasonable period of time even if you forget crpyto just buy index funds preferably s&p500 buy every dip nigga!

>>15163366
yeah i'm sure when you see something going up over 2 thousand percent if you held it through the biggest most famous crash in recent history (not sell the top and buy the bottom no just held) that's no reason to be bullish i get it. when gold goes up or down it settles right back around it's previous level inflation adjusted. btc just fucking goes up.

>>15162743
Fiat price doesn't matter. Sure.... if you buy gold at 1500 and it goes down to 1200 and you sell to buy a shitcoin like Link then yes you lost value on your fiat.

But the entire point of buying gold is for the currency collapse/reset. Not to sell back for dollars since you are buying gold in the first place because the dollar is a scam and will fail

>>15163310
But Bitcoin isn't competing with gold. Bitcoin has nothing to do with gold and it's retarded to compare the two in any way.

Why do crypto fags compare the two? Bitcoin isn't a thing because there is a problem with gold, Bitcoin is a thing because the dollar is dying BECAUSE the dollar isn't backed by gold.

Gold for all intents and purposes is defunct as a monetary metal since govts demonetized it. So why are you comparing it to gold?

Bitcoin could go to 1 million dollars per Bitcoin and it wouldn't make gold any less worthless than it is now.

You crypto yards are retarded. You literally market btc as digital gold while also being anti-gold at the same time. It defies logic. Even if gold and btc were in the same parallel you'd still be a retard to be anti gold.

But you didn't even read my fucking OP. Gold doesn't gain like stocks or btc gain. It's just savings. If the dollar and stock market dissapeared tomorrow my wealth in gold is unaffected.

The dollar price of gold going up just means the fucking dollar is becoming more worthless. It's a phantom profit you fucking idiot.

When I buy amazon stock I'm doing so for a completely different reason than when I buy a gold ounce.

Do you not fuxking even understand the diffeeende between savings and investments?

>>15163659
Edit from post above....

Btc could go to 1 million per btc and it wouldn't make gold any less valuable. IS what I meant to say

>>15163415
And if you don't slice off some gains from stocks.... btc.... and put it into real wealth... gold.... you'll be fucked when the dollar crashes.

You need to understand that gold is real wealth. How can you even deny this when it has been money and wealth since before Christ?

Bitcoin is not real wealth.

The primary function of money is to MEASURE value for goods exchanged for it. How the fuck you going to measure goods in terms of Bitcoin?

>>15160683
>Inflation makes wages of middle class useless
>"Lets tax the middle class more to combat inflation! there is simply to much money in circulation"
haha average worker BTFO, the chad 1% win again, government sure is nice

>>15162083
Why gold cucks always have to come up with these unrealistic ridiculous scenarios?

>but when is EMP nuke war killswitch den buttcorn useless and my shiny rock still much value! Me smart!

>>15163977
>a war happening is ridiculous

>>15163415
>btc just fucking goes up
Imagine being this naive.

>>15163659
Because Bitcoin is digital gold you fucking moron. Look at the traits.

>>15164019
You forgot one category on there....IS IT FUCKING REAL?

>>15164019
>Bitcoin is digital gold
>calling other people morons

What can you build with bitcoin?

>>15164031
lol

>>15164019

Also... you don't even understand what the primary function of money is.... to MEASURE VALUE for goods exchanged for it.

Money is a barometer to measure value.

Gold does this great, hence why it's been money for millennia and btc will never measure value

>>15158127
>It is simply real money and real savings
Someone get OP a medal!

>>15158127
https://mercatox.com/exchange/GOLD/ETH

"Real money"
"Real savingS"

Nice,cope you got there.
Rcompared to all the
fake money going around
and all the fake savings
no wonder everything is deflated.

Yeah totally its all about gold.

Thars what my boss says anyways and hes smart
hes got a better job than me
i should know i suck his dick for 8 hrs a day.


Boomer bags get rekt
china bags get rekt

Materialist fags get rekt

Shiny gold wont save you from rock bottom.

>>15164040
Gold is a real tangible asset. What do you not fucking understand about that?

>hey Timmy you want to come over and see my pet from I got from the pet store?

Why would I want to do that Jake? I have like 50 Pepe the frogs in my folder on my computer that I can look at.

>>15164033
You can transact billions in value with ease, without having to transport a million tons of shiny rock.

>>15164043
BTC is superior to gold and soon it will even somewhat replace it as its traits are superior.
Sure Shiny rock will never really go away but it will never be THAT important.

>>15164057
I was laughing with you

>>15164062
So it's nothing like gold, then.

>>15164062

>>15163272

>>15164070
Its superior to gold

>>15164077
You can‘t print more BTC

>>15164062
>>15164062
Gold for all intents and purposes is already basically worthless right? Govts have de-monetized it...nobody transacts in it. Yet it's $1,500. Why is that? Sounds pretty important to me.

>inb4 muh jewelery.

The price of gold has tripled in the last 15 years. The demand for gold jewelry certainly hasn't tripled.

All the dollar value of gold represents is how unstable, volatile, and lack of store of value the dollar is.

Gold has nothing to do with nor is it competing with Bitcoin.

Comparing the two is like comparing niggers to Asians. They have nothing in common

>>15164070
My bad

>>15164101
BTC has better traits than gold and is more suitable for a mostly digital economy.
Sure right now Gold is still somewhat relevant but thats only because the internet age has just started. Will change in the future.
BTC and crypto is the next step.

>>15164112
Btc or some crypto can certainly be a potential currency. But it won't be money. You think the chinks and Russians and India have been accumulating record tonnage of gold for over a decade now for no fucking reason?

>>15164135
Can you read?
Read my post again. Already answers your question.

Also kinda hilarious:
>muh chinks and slavs buy gold so me also buy gold
If putin and winniepoh jump from a bridge, you also jumping?

>>15164112
>doesn't know all high performance electronic components use gold
>muh digital age!

>>15164194
and?

>>15159182
bitcoin doesn't need the internet anymore, the ledger will still continue on other formats, they can transmit over radiowaves. Although a large hit to miners would make it vulnerable to doublespend/51% attacks.

>>15159145
stock to flow of silver is high, it's easy to push supply up if silver demand increases. It's value is in utility as a commodity, not a SoV. It's more like oil now than gold.
Gold/land/real estate are the true hedges.

>>15164211
It would never even get that far.
Doomsday scenarios is all goldcucks have to offer when facing the superior traits of Bitcoin.

Another goldbug thread full of cope. Gold is just useless Jew rocks. Gold requires a fist, whether it be USD or beads, to have any value.

Gold depends on a horrible post apocalyptic scenario for the rocks to have any value.

Bitcoin is superior in every way.

>>15163718
Nice try, but your argument has a few flaws:
Firstly, I didn't specify who the tax should be levied on. I've no objection to it being on the 1%
Secondly, even if the middle class do pay the tax, if they were affected by inflation as much as you think, they'd probably be happy to.
Thirdly, inflation is unlikely to ever again reach the level where a large increase in the tax rate would be needed to stop it.

>>15163054
You think the difference between a terrorist organization and a government that's accountable to the people is just the labels I apply to them???

>>15158127
the problem with gold is potentially boundless inflation due to thicc gold asteroids in the asteroid belt.

if you have a doubling or tripling in the supply of gold, the gold you keep in your vault plummets down 66%.

whereas with bitcoin, yes it's massively volatile eg 40% up and down swings, but the limit has been coded.

it is a superior method of tabulation and accounting for telling who is elite and who is not.

of course you have to accept it first, and yes it could go to zero. but if you do accept it, and then sell bitcoin when everyone accepts it (hint: now not nearly everyone accepts it), you will profit from the arbitrage of normies not getting it. while it lasts ofc.

and if another proof of work s888tcoin becomes more popular than btc, easy just shift btc for xcoin when the ratio looks to be tipping..

>>15165212
This is such silly argument

>>15165185
Duh. The government uses terror, 'terrorists' are always representing the interests of some group of people. 'Terrorist' is a retarded label that doesn't mean anything, as it can apply to literally every armed group. You might as well call them 'militants' or just 'baddies'. It's a subjective term.

>>15158127
Theres no such thing as real money. Its all fucking bullshit

>>15160660
Define currency

>>15158172
Over what term? Oh right you've been growing tulips for 10 years. Golds history as a tangible store of value goes back thousands of years. Gold has unique properties unseated by any other element. You cant code that.

>>15161469
>uuh you cant just say government doesn't work, that's empty rhetoric
>government just works mmkay, dont actually think about what magically makes government better than the same fucking thing but exposed to competition and only able to make money if they actually provide their services well

>>15162580
What makes the US government not a terrorist organization for enforcing its laws, but the KKK was a terrorist organization for enforcing its laws? Is it because one has official papers and different aesthetics? Is it because you disagree with the KKK more than the US gov?

>>15158867
Which is illegal.
>what is the constitution
Look up article 1 section 10

gold is just a brick. it's has no value. just like bitcoin. it is just 1's and 0's.

a lot of people believe it is valuable because a lot of people believe it is valuable

reserve protocol is the first real store of value. it is backed by real assets.

>>15158926
> goldmoney.com doesnt exist

>>15162728
Yuck it up retard, the bears just getting started.

>>15165951
There is gold being utilized in the computer you are using to type this asinine opinion.

>>15165951
KYS illiterate, go to study and stop shilling scams.

Gold is an absolute store of val-

>instantly lose 5% when you buy it because you have to buy at 5% over spot
>have to pay lots of money to store it and/or insure it
>price fluctuates wildly
>lose another 5% when you sell it because you have to sell at 5% under spot
>have also to pay capital gains tax on it when you sell

>>15166014
Fraud and money laundering, authorized by the retarded jewish owner.

>>15166333
Sh-shut up and buy my gold bags before the billion ton gold asteroid is mined F @ M.

>>15165951
You're literally a retard.

>>15166360
>GoldMoney was started in 2001 and by 2011 it had $2 billion USD of customer assets in storage

>Roy Sebag (born June 28, 1985) is a contrarian investor and entrepreneur[1] In 2014, Sebag founded GoldMoney Inc and currently serves as the Chief Executive Officer

So was it founded it 2014 or in 2001? There is no way that Roy founded the company when he was 16.

>>15162994
>demand is shrinking
A billion pajeets block your path

>>15166333
>lose 5% of fiat
Money isn't real, anon.

>>15161834
Better than zoomer faggot E-money.

>>15164031
>IS IT FUCKING REAL?
It's not physical, that's why it's so much more secure. Try to flee the country or protect yourself from mercenaries with your gold bullion.

>>15165951
In the near future Reserve will be backed by tokenized Gold and Silver™ in addition to many other cryptos

>>15166644
>Try to flee the country
Not going to happen. Nowhere better to go that wouldn't have the same problems, I'll stand and die here.

>protect yourself from mercenaries with your gold bullion
lmao try protecting yourself from mercenaries with bitcoin

>>15158850
>Bitcoin is mathematically guaranteed to have a finite supply.

Why do fags like you think this makes Bitcoin special? The value of it is that there are a maximum number of coins and transactions are trustless and all that shit.

You’re missing the point that this exact system can be replicated verbatim, and has been. This is why alts exist, this is why they’re worth a dollar value. Don’t you get it? It’s software, it’s effortless to replicate. You cannot replicate gold. Bitcoin only has first mover advantage going for it. It’s just a system, systems can be replicated and improved. Shiny rock always will be shiny rock, it is money V 0.0.0.0.0.0.0.0.1.

>>15166724
>Nowhere better to go that wouldn't have the same problems, I'll stand and die here.
The world isn't the US
>lmao try protecting yourself from mercenaries
I won't, but at least they will have less incentive to rob me because I won't have pockets full of gold coins with me.

>>15164043
>Money is a barometer to measure value.
Strictly speaking this isn't true, it's just an obvious function of money. It's secondary to the fact that money is exchanged for all sorts of things, and as such there is a common denominator through which things other than the money itself can be compared.

It's better to call a universal currency a common denominator, and a general currency a largely common denominator, than positing money to be outside of the nexus of value and be measuring what lies within.

The existence of money changes the relative values of things in many ways, so calling it a barometer will leave you open to critique (since a barometer which changes the values of that which it measures is rather useless)

>>15166810
Although effortless to replicate, your worthless replications will be rejected and are not part of the original network which possesses real value, your replications are illegitimate and will be ignored.

>>15166865
Oh hai

>>15166865
I think the point of his post isn't that gold is better than blockchain because you can 'inflate' the supply through altcoins, rather that holding gold for 100 years is safer than holding BTC for 100 years because gold will never be replaced, whereas BTC could be replaced by better tech if this is good enough to overcome BTC's first mover advantage

[The fact of the matter is that while gold will never be replaced by another metal or physical commodity, it is actually at this moment losing its value because of crypto, and is thereby being replaced]

>>15166865
>your worthless replications will be rejected and are not part of the original network

Rejected by who? The market is speaking to you, there are hundreds of billions in alts. When dealing with matters of software, people use what WORKS the best. Not what they ‘feel’ is the best.

>>15166943
Rejected by the full nodes. Your blocks and transactions will be invalid.

>>15166956
Mate. What? A Bitcoin mining node is going to reject my transaction while I’m using Alt#7628 to buy something from a merchant?

>>15166812
>The world isn't the US
No fucking duh, I don't live in the US.

>I won't have pockets full of gold coins with me.
Yeah, it's not like you could keep them concealed in a box at home or bury them or anything. Gotta be walking around jangling for sure, no other option. Fucking idiot.

>>15166977
If you tried to pass it off as Bitcoin, it would be rejected by the each node in the network, the network with the greatest value and largest userbase on it.
If you are using whatever alt, fine, but it is insecure and prone to attack. Good luck finding people who will accept the alt however; all altcoiners accept Bitcoin, most Bitcoiners will not touch alts.

>>15166925
Did you ever thought about the possibility that the same could happen to Gold? That more and more money will flock to crypto and the precious metal market share will decrease? There are already two generations that trust crypto more than gold. And the market is already inflated with billions of shitcoins nobody buys, so that prediction is already wrong.

>>15167019
>it's not like you could keep them concealed in a box at home or bury them or anything
You're proving my point. The only way to protect your gold is to hide it in one place or trust a third party. If you can't move it, you're fucked. It's one of the reasons the gold standard was abolished, governments were tired that their ships with gold were destroyed or stolen.

>>15166433
Roy started a company called bitgold which merged or purchased goldmoney. Have to double check that as I'm not 100% somethin close though

>>15167197
>Hide it in one place or trust a 3rd party or you cant use it. Durr

Sounds like a cold wallet. Sounds like keeping it on an exchange. Sounds like p2p transfer. So all the same things as crypto except it is tangible and useful in manufacturing products and tools

>>15167197
>two generations that trust crypto more than gold
I believe this is what is known as confirmation bias fed by spending too much time on crypto related interweb sites

>>15158127
Buy gold, buy silver, buy crypto, buy stocks and bonds and guns and ammo.

Don't keep very much in your checking account, get an HSA if you're healthy and young, and keep track of it all on your phone. We're going to make it

>>15164112
>SHA-256 getting cracked
>Wallets getting emptied
Nothing personal, kid

>>15167776
You just have to memorize your seed phrase and that's it, why are you rationalizing away the biggest advantage crypto has over gold (security). Nobody denies the instrumental value of gold it has in the industry but it's not essential for being money.

>>15167912
It's not confirmation bias, boomers don't invest in crypto so who is left? And what will the coming generations prefer who are growing up during the ascent of crypto?

>>15162707
>If you look at reality
Reality according to your commie propaganda. I live under a big government and it´s corrupt all the way through. Every step in the process gathers bloat every year. When working for government agencies I've been told to just do whatever and send the bill so that departments budget for next year stays high. Freedom of the press here is rated among the highest in the world. Everything you think is true is false.

>>15158127
you'd be better off just parking that money in JNJ and KO for the next 10 years and reinvesting the dividends.

>>15166925
>I think the point of his post isn't that gold is better than blockchain because you can 'inflate' the supply through altcoins, rather that holding gold for 100 years is safer than holding BTC for 100 years because gold will never be replaced, whereas BTC could be replaced by better tech if this is good enough to overcome BTC's first mover advantage
>[The fact of the matter is that while gold will never be replaced by another metal or physical commodity, it is actually at this moment losing its value because of crypto, and is thereby being replaced]
this

>>15166810
>Why do fags like you think this makes Bitcoin special? The value of it is that there are a maximum number of coins and transactions are trustless and all that shit.
>You’re missing the point that this exact system can be replicated verbatim, and has been. This is why alts exist, this is why they’re worth a dollar value. Don’t you get it? It’s software, it’s effortless to replicate. You cannot replicate gold. Bitcoin only has first mover advantage going for it. It’s just a system, systems can be replicated and improved. Shiny rock always will be shiny rock, it is money V 0.0.0.0.0.0.0.0.1.
this

>>15166431
>You're literally a retard.
you can't refute my comment so you resort to name calling

>>15166252
>KYS illiterate, go to study and stop shilling scams
again, you can't refute my comment so you resort to name calling

>>15166042
>There is gold being utilized in the computer you are using to type this asinine opinion.
if gold was only valued for it's usecase it would be worth 5% of what it is worth now

also, gold in computers can be replaced by synthetic gold

>>15164112
>BTC and crypto is the next step.
lol, quantum computing says not to take it personal kid

>>15168366
>synthetic gold
get of the drugs yo

>>15168366
>synthetic gold
An...Anon...I am speechless.

>>15164627
>Gold depends on a horrible post >apocalyptic scenario for the rocks to >have any value.

why does gold cost $1,500 right now you braindead nigger.

>>15169798

Bagholders. It will crash the gold market if it goes under 1k. The manipulators won't allow that. They have to keep the delusion going till the next recession

>>15166644
Lmao so you are buying Bitcoin based on fleeing to some shitshin country? Where the people will end up slaughtering you because you are white anyway?

Also this isn't an either or thread. I mean I own a decent amount of bitcoin.

but you have to be literally more retarded than a nig to JUST put all of your shit in Bitcoin and not even 10% into gold, especially if you have more than 100k and even less than 100k.

How can you have say 350k in Bitcoin or crypto and not fucking buy 10 measly ounces of gold which would be a kings ransom in a currency crisis.

You people are fucking retarded. You guys can analyze all these technical aspects of different coins in pretty impressive ways.... but then oh yeah.... fuck silver and gold that's literally a rare earth element. Brainwashed

>>15166925
You are retarded. How is btc replacing gold? Gold isn't a monetary metal anymore, gold standard is over. What the fuck do you mean btc is replacing gold?

I mean even if I enertained the fact that btc could take over gold and make it worthless. We'd have to be on a fucking gold standard in the first place.

You fucking idiots don't even understand that Bitcoin is a thing because the dollar is dying and you can't "make it" anymore because of rampant inflation unironically because gold doesn't back the dollar anymore.

Under a gold standard you could drive retarded kids to school on a bus and "make it" with your wife raising your 3-4 kids.

And even if Bitcoin goes to 1 million dollars it won't make gold even 1% less valuable

>>15169907
You are given secret info that 4 weeks from now American dollar will hyperinflate.

Do you put any of your dollars into gold with this heads up? Yes or no?

>>15158127
>be me
>invest my money in actual practical resources like guns, ammo, land, oil
>shit hits the fan
>you are starving to death and try to bargain from a place of weakness by giving me a piece of worthless shiny metal for some of my actual useful resources
>i shoot you and take the gold for myself
the boomer fantasy of gold becoming some kind of life saving resource during a societal collapse is so fucking funny.

>>15169939
>but you have to be literally more retarded than a nig to JUST put all of your shit in Bitcoin and not even 10% into gold
I don't doubt the SoV properties of gold in cases of inflation. I just don't see it as a secure asset in crisis situations. Of course going all in on BTC is risky, we're still speculating here. But the security properties is the main reason why I'm bullish about crypto. Third parties are a big risk in cybersecurity, why shouldn't it be the same in economics.

>>15170160
>i shoot you and take the gold for myself

or you could, not be a dick to your fellow whites if SHTF
ya know, just saying

>>15166333
>he doesn't live in Texas or a state that doesn't apply a capital gains tax
>doesn't sell to provident metals
ur a lost cause

>>15159005
Ok, tell that to Weimar Germany, most of europe before the Euro and the Soviet Union

>>15170816
>relying on benevolence of other people in a survival situation
>thinking concepts as abstract as race matter when everyone is on the brink of death
you are weak and deserve to perish

>>15170160
Here is what you miss. SHTF might only last a week or two until order is restored and a new currency. That new currency means us burgers who have 100k in the bank will now only have the equivalent of 10k in the bank pre-collapse. But gold gets revalued to like 30k/oz to purge all the debt from the system and your 10 ounces of gold is worth 300k in the new currency. So you are now 3 times richer than someone who has 100k today, and that person who had 100k is 10times poorer because he was in fiat.

SHTF isnt going to be a fucking free for all. There will be a re-balancing. Those who own real money will have opportunities none others will have.

ANd this is a global thing...gold will be vastly important in re-balancing worlwide even if jew programmed faggots here in the USA dont think so.

Yes there could be SHTF but that means SHTF for ppeople who arent prepared.

In weimar republic germany hyperinflation there was SHTF and there was a hotel bellcap who had 25 ounces of gold saved up before it happened, and he bought an entire city block with that measly 25 ounces of gold.

It isnt like shtf means people start raping people until everyone is dead. In fact you could say we are in a SHTF scenario right now. And that a re-balancing is coming soon.

>>15170045
Its a Tier one asset now, thanks to basel 3
literally 100% money again after only being half money for decades

>>15171814
>thinking concepts as abstract as race matter when everyone is on the brink of death
The real life consequences of mixing people together matter. Multicultural areas will collapse into violence while homogeneous rural communities will band together like they always do.

>>15171814
>thinking concepts as abstract as race matter when everyone is on the brink of death
If it doesn't matter now when we are prosperous, why should it matter even less when people are desperate. People will always band together when times are tough, but it will have to be people you can trust. Hegel said that you can't see somebody as fully human unless you can see a part of yourself in them. Would you trust a Tyrone who has a completely different mindset, cultural background and manner of speaking, nevermind the obvious physical differences, over a nerdy white kid who is into the same shit you are and had a similar upbringing?

>>15171814
Racial tribalism returns by default in times of severe struggle, especially if you're living in a multi-ethnic state. If you're running around looting and robbing your team, you're going to end up mostly squandering your own chances of survival.

>>15172418
Completely agree, I will be taking my gold and other metals with me to my families kibbutz in the Golan. I simply cannot see any reason why I should risk my wealth and stay in the US if another great recession or worse happens.

The tribe is everything, even more so with us Jews.

>>15173184
Half of my silver, I split up the other half at a deposit box.

>>15158127
Aw, babby's first gold bug post. Adorable!

>>15173184
A jew wouldn't buy such high premium products
I'm all in a 7/225. They say have like 10% of wealth in pms, so I've got that covered. Not sure about continuing purchasing more at this price point but it's fun.

>>15167974
are you retarded? sha256 does not secure wallets.

>>15163696
gold is a speculative asset just like btc only it sucks

>>15173341
I premiums where not big at all on the coins, I think I ended up paying an extra $20 in premium for the 20g Valcambi that you can split up.

I also only buy US coins if I can.

Any Kruger rand Chads?

>>15170647
You don't see gold as a secure asset? If anything is a real asset in this world it's gold. I'm not even saying Bitcoin will be worth fuck all in a collapse... but it is certainly more risky than gold. Sure and people have different risk tolerances. If you think Bitcoin is more secure than gold (even though it's not) and you have 10 bitcoins locked up for a crisis and zero gold. Well you are retarded not to sell 1-2 Bitcoin and get 5-10 ounces of gold even if you are totally anti-gold.

As far as you thinking gold is not a secure asset do you mean that you are worried someone might take it from you? Well if that's the case then that's the number 1 reasons for wanting to have some.

There's a 2nd amendment too you know?

>>15173341
You are fine. 225 ounces of silver will be a gold mine in the collapse. Imagine having 225 ounces of silver in Venezuela when it's started collapsing 3 years ago. You'd have 15 different little rug rays running around right now

>>15173604
>If you think Bitcoin is more secure than gold (even though it's not)
It is literally the main reason why it was created.
>In summary, all money mankind has ever used has been insecure in one way or another. This insecurity has been manifested in a wide variety of ways, from counterfeiting to theft, but the most pernicious of which has probably been inflation. Bit gold may provide us with a money of unprecedented security from these dangers.
http://unenumerated.blogspot.com/2005/12/bit-gold.html

>>15173764
>It is literally the main reason why it was created.
Is that what the NSA told you? if you need to invest in high tech hardware to buy or sell something your money sucks

>>15168089
>30% of millennials would rather own bitcoin than gold
>two generations trust bitcoin more than gold
>not confirmation bias to radically misinterpret the stats to support one’s viewpoint

>>15173880
If there comes a time where you have no access to the internet then owning precious metals or not would be the least of your worries.
>>15173890
Don't forget that only 4% of those millenials own crypto. And most don't invest. I would wager that the investing millenials and zoomers prefer BTC by far, that's why /biz/ is a crypto board.

>>15172099
>The real life consequences of mixing people together matter. Multicultural areas will collapse into violence while homogeneous rural communities will band together like they always do.
this

>>15174076
>If there comes a time where you have no access to the internet then owning precious metals or not would be the least of your worries.
fool its happened like 5 times in the last 30 years in NYC

>>15169144
>>synthetic gold
>get of the drugs yo
>>15169188
>>synthetic gold
>An...Anon...I am speechless.
read more

https://www.iflscience.com/chemistry/new-form-of-labmade-gold-is-better-and-golder-than-natures-pathetic-version/

>>15174155
they took gold, processed it, and made even more expensive gold

truly stunning

>>15174190
for real, ITS STILL MADE OF GOLD
dumbass didnt even read the paper

>>15174155
i shouldnt be making fun of your illiteracy
FYI: diamonds and pencil lead are the same thing just arranged differently. that synthetic gold just has a fancy molecular structure

>>15174153
I don't mean the occasional power outage but a total breakdown of infrastructure. Chaos, looting. hunger, where canned food and ammo would be worth more than gold.

>>15174254
Joke’s on you, diamond is the hardest metal

>>15174334
you need to go to /k/ and /out/ with some /diy/
if you dont already have food, water and security then you shouldnt be buying gold or linkies

>>15174390
you almost got me fucker

CHECK OUT MY STACK

>>15158127
https://pastebin.com/ZUxTmR99
Bitcoin does not under-perform or over-perform. It is simply real money and real savings

>>15174406
It’s an oldie but a goodie.

>>15174254
>i shouldnt be making fun of your illiteracy
>FYI: diamonds and pencil lead are the same thing just arranged differently. that synthetic gold just has a fancy molecular structure
sorry, i wrong article. here is article i meant to link

https://www.scmp.com/news/china/science/article/2179209/chinese-scientists-turn-copper-gold

anyway, gold is just a brick. bitcoin is just 1's and 01's. they aren't worth anything. just like the sea shells they used to use a currency many years ago.

>>15173645
I saw your other comment in another thread about this too

tell me more about my harem OP

>>15175247
>scmp

gold, bitcoin, etc, etc, only has value because of a consensus between a large group of people that it has value, just like the sea shells...

they are just bricks, sea shells, 1's and 0's you dumb fuck

sea shells> gold>bitcoin > stable coins

i'm 100x smarter than you

>>15175482
>i'm 100x smarter than you

>>15175482
No retard, you cannot replace gold with anything, it is needed in small amounts of phones and computers
You can replace bitcoin though because its literally pixels only used for selling your bags onto someone even more stupid than you.

>>15175482
But gold has value for a reason it has all the propeerties and characteristic that money has to be. Its value comes from the fact that it is inherently money, hence why its been money for thousands of years and still money today despite what govts say.

There is a reason seashells failed.

If we went with your line of thinking....why dont we all just go live on a beach and all agree that sand is money.....wouldnt work out to well right?

Gold is gods money.

>>15175419
They will all be big titty milf housewives that will throw themselves at you for having the brains to stack silver while their former husbands were watching niggerball on sunday.

They will also abandon their kids like a deer abandons her fawn when she know she cant take care of them.

And they will want you to nut in them and create smarter stronger kids that will grow up stacking roosevelt silver dimes from a young age.

>>15175601
>watching niggerball on sunday.
so basically I get cuckservative big tiddy gfs

I am okay with this.

I'm pretty sure my brother knows I have most of this. Let's say gold really does go to $10,000, do you think I should worry he told someone in passing?

>>15176278
Whoops.

>>15176278
>>15176288
checked
get a safe

>>15175578
Gold can be replaced in most, if not all, uses. For instance it was once used in blue LEDs, but now gallium nitride does the job instead.

There are very few things gold does that platinum, silver or alloys of copper can't.

What a shit thread

Gold is a commodity, its price is based off inflation and demand. Demand is fairly stable since it actually has barely any real world uses outside of jewelry. For a precious metal it actually has the least number of practical uses. Silver for example has far more. Gold also is more volatile in its risk since people speculate with it. Again, Silver makes more sense as a """"safe"""" investment since it isn't prone to as much speculation, which is why its price doesn't soar like goal, its showing its real price rather than a speculative value.

Gold as an investment is pretty worthless, since it cant compound. A family who put every cent into the index from the 1950s to today would make thousands of percent return in comparison to hundreds of percent from gold.

Shit thread, shit low tier doomer crap.

/thread

The real problem with Cryptos. pic related.

>>15176390
Gold is not a commodity it is real money.

>A family who put every cent into the index from the 1950s to today would make thousands of percent return in comparison to hundreds of percent from gold.

Gold is not an investment gold is money. The point is if you dont shave off a % of your gains and put it into gold you will be fucked when hyperinflation hits.

Also...you didnt really need to buy gold in the 50's because it backed the fucking currency you faggot. The entire point of buying gold now is because the currency isnt backed by shit and everyone is getting their wealth stolen via inflation.

>>15171781
>Ok, tell that to Weimar Germany, most of europe before the Euro and the Soviet Union
Weimar Germany was (like Hungary later was) paying war reparations.
The Soviet Union had a greatly overvalued currency.
"Most of Europe before the Euro" did not suffer from hyperinflation. Like much of the world they had high inflation in the 1970s (due to the actions of OPEC and the aftereffects of Bretton Woods) but that had long since been dealt with.

>>15176469
>but that had long since been dealt with

>>15176451
No, its fucking not, learn basic economic terminology you god damn retard. Hyperinflation has NO impact on long term index holding. Fuck you literally have zero economic understanding.

>>15176513
so...invest in the Venezuelan stock market

>>15176513
You are right...it doesnt have impact...just look at venezuela...their stock market is super high. Problem is people are eating their pets because the fucking currency buys shit

>>15166672
>In the near future Reserve will be backed by tokenized Gold and Silver™ in addition to many other cryptos
How can they tokenize the gold/silver in a way that is decentralized? You need a third party to verify and that creates a security hole. You can’t automate this out with smart contracts either. I agree this is the next step but I haven’t heard of a viable way to execute it.

>>15176390
Gold is God’s money, it’s perfect for the job and people have recognised this since the dawn of civilisation it works really well as a store of value because it never corrodes. Even today with all our computers it still acts as a barometer of Financial health the price raising recently tells us that big moves are coming and we should be paying attention

>>15167747
I remember Peter Schiff talking about it in Rogan, and it didn't seem like a terrible idea.

>>15168240
>Reality according to your commie propaganda.
No, actual reality - see https://journals.sagepub.com/doi/abs/10.1177/0275074012465791?journalCode=arpb
FWIW I am not, and never have been, a communist.

>I live under a big government and it´s corrupt all the way through. Every step in the process gathers bloat every year. When working for government agencies I've been told to just do whatever and send the bill so that departments budget for next year stays high. Freedom of the press here is rated among the highest in the world.
What country is that?

Bloat and corruption are two different things, and I acknowledge bloat can be a serious problem. Efficiency is very important, and efforts should continue to be made to improve it. But that should be done by focussing on ways to improve efficiency while maintaining capability. The superficially attractive alternative of reducing staff numbers or preventing investment in new equipment won't work; though results may look good on paper for the first few years, you'll eventually find you're paying much more.

>>15165886
>government just works mmkay, dont actually think about what magically makes government better than the same fucking thing but exposed to competition and only able to make money if they actually provide their services well

Firstly you're the one who relies on magical thinking, whereas I don't think there's anything magical whatsoever about people being adequately trained and doing their job.

Secondly, I did not advocate excluding the private sector from anything.
Thirdly, even with user pays funding, it's rarely the case that the providers will only make money if they do the job well. With a non user-pays system it's even harder to ensure that outcome.
Fourthly, competition isn't always practical, especially in where fixed costs are high and the population is low. A result of this is that where the private sector is more efficient, the efficiency savings aren't always passed on to customers.

>>15176497
If you doubt it, perhaps you could tell me why. Is there a European country in which you think the high inflation of the 1970s lasted until the 1990s?

Why are jannies keeping this dog shit thread alive? Astroid mining. Gold sux

>>15170160
Most gold apocalyptic boomers know this though. Their fantasy is exactly like your little power trip scenario, with some gold added for good measure.