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/biz/ - Business & Finance

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File: 1.06 MB, 2534x3454, goldback.jpg [View same] [iqdb] [saucenao] [google]
15905009 No.15905009 [Reply] [Original]

Got one free for signing up, figured you fucks would want one. Not shilling, I won't link the site, but look up UPMA

>> No.15905077

>>15905009
woah
2$ in gold

>> No.15905100

>>15905009
How the fuck would it not be subject to inflation?
it would subject to the same inflation as the local utah goods market or whatever, i don't understand what their point is.

>> No.15905111

>>15905100
deflationary asset, unlike fiat

>> No.15905156

>>15905111
can you please explain this

>> No.15905181

>>15905156
I think this sheet of paper is literally 1/1000th of an ounce of gold, so about 2 bucks, it's not tied to the utah market or whatever, it's just a thin piece of gold with some drawings on it.

>> No.15905200
File: 11 KB, 269x187, FRN1.jpg [View same] [iqdb] [saucenao] [google]
15905200

>>15905156
gold is a store of value, the purchasing power remains the same throughout time because there is a finite supply. fiat is subject to inflation because it has an infinite supply

>> No.15905202

>>15905181
really disturbing drawing fucking tree growing from a womans legs and a wolves back...

>> No.15905209

>>15905202
we're all children of the same earth brother

>> No.15905211

>>15905200
>the purchasing power remains the same throughout time
blatant lie gold is a depreciating asset because its mined at a more increasing rate than how demand grows for the past century or two

>> No.15905219

>>15905200
do you know what's a real store of value? land there never gonna be more land on earth.

>> No.15905241
File: 323 KB, 1200x1600, 1200px-Apartment_Building.jpg [View same] [iqdb] [saucenao] [google]
15905241

>>15905219
*blocks your path*

>> No.15905257

>>15905241
still not gonna be more land even if you build them higher than the clouds

>> No.15905277
File: 471 KB, 1920x1080, floating-buildings-merl.jpg [View same] [iqdb] [saucenao] [google]
15905277

>>15905257
*blocks your path*

>> No.15906507

>>15905211
Gold is a tier 1 asset. So no you are wrong.

>> No.15906520
File: 77 KB, 600x431, gold-inflation-adjusted-price.png [View same] [iqdb] [saucenao] [google]
15906520

>>15905200
>the purchasing power remains the same throughout time

>> No.15906527

>>15905211
Surplus supply is the basis of capitalism anon. Only the perception of value matters.

>> No.15906530

>>15906520
>Using CPI to convert Gold to USD value instead of using Gold/USD to convert Gold to USD value.

>> No.15906542

>>15906530
You don't buy food and pay rent with gold.

>> No.15906543

>>15905202
That's her dick

>> No.15906550

>>15905209
Based and greenpilled

>> No.15906555

>>15906542
You can if you convert Gold to USD. That's why you use Gold/USD ratio to measure the value of Gold you fucking retard.

>> No.15907727
File: 45 KB, 890x625, price-gold-real-us-dollars-adjusted-shadowStats-inflation.png [View same] [iqdb] [saucenao] [google]
15907727

>>15906530
it's shit m8 purchasing power losing over the past century a few bubbles have been had, but if you want those crypto is much faster.