/biz/ - Business & Finance

>>15823208
Definitely not stocks

>>15823208
precious metals, crypto, and guns and ammo

kill yourself doomfag

>>15823208
>thinking that the jews solved the red candle problem
>thinking that the jews solved anything

>>15823208
>twitter

>>15823208
Obviously gold. Has always retained value since the civilization itself, The best hedge against inflation and will keep your value safe. I already have BTC and LINK, But they are not where I store my wealth.

>>15823208
this time fo' real yo
>t. Tyler Durden

>>15823216
100% this

>>15823208
Raoulgm kek

>>15823208
Interest rates are getting dangerously close to bottoming out. Were fucked.

>>15823227
someone explain to me why the fuck we went off the gold standard?

>>15823268
in short, jews. They want all the wealth, So they shifted our economy so the labour makes us money also makes us poorer and poorer each year when we hold it(because of inflation). Meanwhile they can buy the gold up, This way you are eternally in debt to the united states.

>>15823296
Beat me to it.

>>15823296
To add, Gold is not a way to 1000x your money or anything(although you could). Gold makes sure your labor maintains ivalue throughout the ages. The same gold Aureus in rome that could buy you a meal for your family can still buy a meal for your family(and is worth far more today).

>>15823268
Circa 1970 every muthafucker was redeeming the paper for the actual gold at FED because printed too much to “liberate” Vietnam etc so Nixon has no choice . Fucking no one knows what actual gold is left at Fort Knox

>>15823313
Throughout history 30 oz of gold bought a house
2 oz if silver a entire beast (meat)
Hope your ready for the reversion to mean

>>15823333
Checked, And guess what happened. They didn't have enough gold. The price of gold has held and has risen since the dawn of time. I cringe a little when people tell me they have a savings account instead of buying gold with that money.

>>15823342
What do you mean by that?

>>15823268
it takes serious alien technology to print gold out of thin air

>>15823268

Inflate asset prices and pay off debts with inflation.

>>15823208
do you own chainlink

>>15823208
>>15823216
>>15823548

Delusions and more delusions
Thinking cyber currency actually would still exist if it really hit the skids.... silly If it's down to guns and ammo as a factor who thinks cyber anything if worth something. It truly proves how many idiots are in the population.

>>15823313
>>15823342
Classic example, 1880 10$ gold coin could buy a very good suit of clothing in New York. The amount of gold in that coin still buys almost the same level of expensive suit. There are certain realities that hold true even today for true wealth. Examples: Real property, gold, a business and the contacts and reputation to keep that business going.

>>15823603
>implying The Happening will hit everywhere equally
>implying The Happening will even hit everywhere

We're gonna be using magic cybermoney and bullets/beans/bandages. It's gonna be wilder than anything you've ever seen.

>>15823676
I really doubt cyber money will be worth anything if it's a SHTF situation. And if it's happening someplace else then it's not "The Happening" Let's try a experiment. Try to pay for your gasoline or food with cyber money without internet. My emergency kit has cash and gold. How do you transfer electronic currency without a high tech infrastructure.

>>15823268
>someone explain to me why the fuck we went off the gold standard?
http://www.limesonline.com/en/one-belt-one-road
the beginning of this explains it better than most explanations i've seen

the link is in the previous comment if you want to read more

also not i dont believe the bullshit about china that comes later in this article but the explanation of the gold standard and petrodollar seems pretty good

>>15823739
I suppose transferring gold is a lot easier with a gun to your head

>>15823437
Kek underrated

>>15823603
all we know is that shit is going to hit the fan and the US dollar will be worthless.

>>15823268
You were in danger of running out of gold, which would have caused hyperinflation.
Letting the market decide the value of the currency is much better, because it removes the hyperinflation risk.

>>15823208
There won't be a major crisis. 2008 is nothing compared to what would happen this time. BitCoin will be implemented to prevent a crisis, not to fix it after the crisis fact. The elite can't risk it to keep their power. Most of the world would say fuck it this time and there would be total chaos. I can't imagine many people willing to let another crisis slide. I mean what would you do? I make good money and enjoy my 'place' in the hierarchy of society - but it's fucking retarded for anyone with a brain not want and bring down the elite in the process of another crisis, although most people would forgive and just shrug their shoulders again, I rather have it be end of the world versus tolerating another crisis based on corruption, fraud, and greed. Kind of like if we went to war with China and Russia - even if we knew the US would be deleted - most Americans including myself would rather sacrifice it all while bringing down China and Russia with us, versus only the US going down. The elite can't risk any of that shit with their lust of power. Ten 10 2018 on the 1988 economist cover. What happened on October 10, 2018? SV pool went online and mined their first BCH block that day. It's a better outcome for the elites to prevent and transition away from a crisis, versus causing another one. Everything will be put on top of BSV and will actually give the elite more power than they have now. If people weren't so fucking stupid in thinking BitCoin is a good thing and a 'revolution' against the banks, they would see the truth clear as day. BitCoin is a horrible thing. There were only be 2 new wealth classes once everything does online - people who own BitCoin and people who don't. 1 BitCoin is infinitely divisible - not this stupid gay shit that 1 satoshi will equal 1 dollar. Data and energy will be the new currency through BSV.

>>15823994
*Ahem* BCH

>This time its for real.
says increasingly excited delusional collapse fantasizer for the 300th time since August.

>>15823994
Damn The Economist is Kino AF
favorite podcast, never have the time to actually sit down and read about the esoteric stuff, but the editor's picks are usually worth a listen.

>>15823603
Diversify your portfolio you retard

>>15823268
So the kikes and the US could live rent free at the expense of the whole world. It's pretty simple, the whole world give us goods, and in exchange we give them digital clown money we create at will.
But for everyone to accept this (((situation))) you need to act as a lunatic psycho threatning to nuclear holocaust the whole world for no reasons so everyone have to listen and get paralyzed in fear whenever we decide to throw a tantrum.

>>15823268
Coming off the gold rush, we couldn't produce enough gold to stay on it. Any other answer are from those who are uninformed.

>>15824181
imagine being this much of a bluepilled brainlet

>>15823742
De Gaulle was always a huge fucking kike.

>>15823603
If there is an Economic collaspe akin to the Great Depression but not a full on total collapse of society, then crypto will go very up.

>>15824208
>t. shlomo rosenberg
De Gaulle was fucking based and redpilled, he was reading kike's mind like an open book and fucked their plans many times. You are the only juden scum here.

>>15824189
Yeah it’s over for him already. Literally so retarded they will pull him off life support

>>15824181

>>15823208
>Raoulgm
You meant RaoulGMI

>>15823208
>the stonk market collapses
>my link and eth exits the solar system
problem?

>>15823268
short answer: another jewish trick

long answer: so the federal reserve could create money for powerful bankers out of thin air by issuing debt back currency, they can’t manipulate it if it is backed by gold. The federal reserve issued notes allowed the banks to borrow more money making it more profitable for the banks

>>15823353
Sorry I’m late on the reply . Gold will go to about 15K and silver 800 to get the same ratios as historically over last 6000 years. Of course the dollar will have the purchasing power of Somalian dung beetle by then

>>15824181
Almost 7AM in Israel.

>>15824631
30oz of gold is gay. I’d rather have 3 or 4 Bitcoins instead.

>>15823676

i fucking can't wait for the boogaloo

>>15824593
The money won't go into crypto. It's going to put into gold and ironically cash, even though since the bankers destroyed the interest rates given out for savings(despite lending more money than ever before) cash is basically worthless. Oh yeah and real estate. Basically we are fucked. I implore you to looked at the way crypto behaves in relation to stock market dips. I know it's gone up 1000% to the s&p 15% or whatever for all time. I'm talking about the immediate reaction. It's correlated and not inversely.

>>15823994
>BitCoin will be implemented to prevent a crisis
There is literally nothing that can be done with bitcoin, or any other crypto, to prevent a crisis.
However, there is no part of the coming crisis that can't be solved by fiat.

>>15824733

what the fuck am I reading

>>15823208
Needs to fkn happen and the house price in Australia needs to drop at least 50%.

>>15823847
>hyperinflation
You mean hyperdeflation I presume

>>15823739
Dude, there's going to be internet. Shit's going to be really fucked up but we're not just going back to the stone age.

>>15824733
We're watching you

>>15823994
Poo on it

>>15823268
Read pic related. Seriously, it will put everything in perspective.

>>15823208
>aoulgm on twitter posted a thread and many others on my timeline werer esponding.
link please. Can't seem to find it. But Hong Kong and China are going to play a vital role in this crisis, there's too much going on there for it not to have some effect.

Kind reminder to all non-brainlets that cryptocurrencies are one of, if not, the most risky asset class and will go down the most during economic downturns.

>>15825639
it is completely uncorrelated with traditional markets. You just proved you're a retard

>>15825639
Least risky*
Fixed it for your retard faggit monkeytarded ass

>>15825639
This is exactly right . Anon is intelligent investor

>>15825671
What do you imagine will prevent its value from falling to zero?

>>15823268
The elite changed their possessions from receivables to equities > inflation benefits your holdings > come up with bullshit intellectualizations to overhaul the system

Control of our data and the network which surveils us gives the elite class just as much, if not more power than the ability to print and distribute money as they see fit. Why do you think "the cloud" is pushed so relentlessly? The internet is under sustained attack everyday by various factions. If they lose the internet they lose control. I wouldn't count on them losing control. When and if bitcoin becomes worthless, cigarettes, booze, lighters, guns, and ammo will be worth their weight in gold.

>>15823268
Alright Freemason here, The reason why we went off the gold standard was because of a discovery during the late 1800s. Basically, there use to be an ocean over the grand canyon, the canyon acted like a giant gold pan collecting Gold for millions of years. During the time of this discovery the global supply of gold was around 300 million ounces. The Grand Canyon held Billions of ounces of gold. This discovery threatened to crash the global monetary system through hyper inflation. We never went off the gold standard because "we got greedy and printed more GOLD dollars then we could back".
kek, people say gold will moon because the paper to physical ratio is 100:1, if only they knew...

>>15825639
It isn't necessarily that they will go down, but I certainly would want my money in them as things turn for the worse. The most important thing to remember is that cryptos have only been around for the last 10 years, and we've been in a bull market across the board for that entire time. Cryptos have only been tested in the context of economic expansion. I don't think it's realistic to assume that money will flow into cryptos in a recession, as they are generally seen as extremely risky to most investors and the general population. Bitcoin may be used if things get really bad, but a lot of capital will have been lost by then. Bitcoin will only be a tool at that point.

>>15823739
With your mobile phone dumbass easy and groceries store will use their phone/tablet to recieve your bitcoins it's not that hard

>>15825634
There is no link the guy was larping.

>>15824713
Cash may have somewhat of a life left even during a crash. How long until hyperinflation manifests in the average street is anyone's guess.

>>15823208
Its this boards fault. You guys did this.

>>15823208
like every doomsday post it starts with hai guys im legit not kidding doomsday collapse this time srs biz guiz! I checked shit and yup this is it today cuz I totally am right just boooooooleeeeeeeeeve

its about 3-9 days off you dumb queer

>>15824925
No, I mean what I say.

Linking your currency to gold value rather than market value means that when you run out of gold, the value of your currency will collapse.
In a similar way, Venezuela fixing the official value of their currency to the US dollar meant its value collapsed when they ran out of dollars.

>>15823208
OY VEY

PULL THE PLUG MOSHE

>>15827674
run out of gold lmao. bull shit

>>15823208
>go back to gold standard
>research space mining
>mine some gold asteroid
>flood Earth with gold
>now your money is shit
That's how Spain went broke after colonising America. Mined too much Silver and Gold and didn't manage it at all, they were just like "we rich now" and their economy collapsed.

I’m going to prepare for a socialist revolution by becoming more interesting and likeable as a person. I’m going to get good at playing guitar and foraging wild edible plants and mushrooms.

>>15824733
Peak tinfoil

>>15824118
>this time is different

>>15824713
How about when both stoks and currency markets go to shit?

>>15825767
>failed at memeing gold plated fakes
>failed at memeing artificial gold
>failed at memeing asteroid mining
Is this your new trick?

>>15828178
Hmm, that's actually a good plan. I should do the same.

>>15823742
>>15823749
Shit, that's actually really interesting

>>15823208
The economy may flatten for a few years, but this will be meaningless in the long term.

>>15823208
>This time its for real.
I really wish this were true. I want the end of the world to happen already so I can maybe finally get some decent sleep.

>>15827841
The money supply increases much faster than the gold supply, so running out of gold would have been a real danger if America had stayed on the gold standard.

>>15823214
This. If you adjust for inflation when looking at stocks you realize they are actually reasonably priced.

>>15823268
Because when you are on the gold standard you need physical gold to back things up. You cannot just print more money. You are at the mercy of other nations when trying to procure more gold.

finally don't care about crisis cause got my bags of VID

The Fed is extending repo operations to November. QE is already happening.

>>15823994
>BitCoin will be implemented to prevent a crisis
Lol. Even if the governments of the world did decide to go crypto to solve the issues they would not go BitCoin. They would make their own implementation.

>>15827992
they collapsed because (((German bankers))) took care of that gold for them while funding their retarded religious wars all over Europe

>>15828178
Read Marx Lenin and Mao, get educated and become part of the vanguard.

>>15828363

Fucking this. Asteroid mining was the biggest gold false flag in a while.

>>15829343
Fuck outta here with your shit Jewish bolshevism. Why the fuck would someone want more Jewish control over their lives? Are you literally retarded?

>>15823208

Silver, gold, miners and some crypto.

>>15829982
I think R2D2 anon wants the guitar playing faggot to indoctrinate himself and be on the front lines to get rekt
if that's the case you should probably tell every retard to read marx lenin and mao, get the gene pool purged real quick

>>15823214

Why not miners?
Pretty undervalued and stocks are discounted

>>15823994

that's silly

>>15824713

Silver as well

>>15825639

Metalpilled

>>15829982
Have you considered that scapegoating the jews is the same as scapegoating the bourgeoisie? Both are examples of poor people trying to externalize their failures, as opposed to admitting they are lower quality human beings. Keep blaming [insert enemy], I'm sure it will solve your shitty situation...

>>15830458
Keep ignoring the problem, I'm sure that will make it go away too