/biz/ - Business & Finance

>>16913416
When did you realize incel goldbugs is totally wrong?
When the majority of banks and government were manipulating and controlling the supply of gold.

>>16913438
ok inceloomer

>>16913416
>Sub 80 IQ detected
Stay poor!

did you know that chinese are not allowed to sell gold across the border? this gold will never be available outside of china.

every fucking central bank is hoarding gold for the things that are about to go down. yes goldbugs are wrong all the time except the one time they arent.

imagine not buy into real value creating companies. Gold bugs have been screething about muh fiat collapse for 50 years, they just never learn

>>16913469
and this is a problem how? This is exactly what I mean, always thos "huRr DUrr chiNEaaayy bannks" but how the fuck does it affect you if they wanna hoard big yellow rocks?

>>16913416
>nooo dont own tangible assets goyim

>>16913502
Yeah good luck buying food with your fucking gold bars

>>16913508
good luck with your bail ins dumbfuck

>>16913416
"Just take Uncle Rothschild's Good Goy Coupons, they're as good as goy!"

>>16914300
so far 0 arguments

thanks for proving my fucking point incels

>>16913416
Imagine seriously thinking you can jerry rig the rules of The Game not only to your advantage but in perpetuity as well.

590+ Fiat currencies have failed
The dollar is different. We can print money forever! We ship out paper, and you ship us goods!

>>16913508
> what is fractional silver?
Take the mercury dime pill nigger!!!

>>16913416
The dollar doesn't need to collapse for gold to be useful/profitable

>>16914779
This but unironically

>>16914779
Lots of delusional bloomers are in for a hard shock

>>16913487
supply and demand, look at the graph

if the whole world buys gold price goes up and it also cant go down because it cant leave china and others.

central banks need gold to backup their currency

>>16914841
this makes me hard

>>16914779
>>16915639
So gold is your solution? In current year? Really?
You faggot goldbugs aren't wrong about fiat, but you are going to get rekt by Bitcoin (which is better than gold in every way), and that's hilarious.

>>16914636
>store of value for 5000 years
there's your argument

>>16916858
>In current year? Really?
lol. didnt know trudeau held BTC

Well they're delusional if they're not diversifying into stocks and, if they can afford it, real estate.

HOWEVER, they're not nearly as bad as the silvercucks.

Why would you try to call the bottom in silver?

>>16913469
>for the things that are about to go down
or... for the things that are already going down?
Because their economies are expanding, and no one trusts the fucking Yuan or the Ruble for that matter.

Keep missing out on stocks and complaining about fiat.

>>16914779
/thread
However Boomers are right about muh backed by military
You sell us your oil/wageslaves/goods in exchange for pieces of paper.
No one sane would do that.
No one sane wouldn't do that with gun pointed at his head.

>>16916899
>>16916914
Just because your people have been shitting on the streets for thousands of years doesn't mean everything lasts forever ranjesh. STAY POOR.

>>16917446
Nah. Just the entirety of human history. Btw you fuckin spastic, I own crypto and metals. Dont invest emotionally.

>>16917580
>Just the entirety of human history
Oh, thank you for educating me on the street shitting history of your people. Anyway, I hope you aren't holding shitcoins.

gold is gay boomer delusions of bullion being exchanged for land and horses
problem is we have niggers infested in every corner of the west
a smooth transition off fiat to gold won't happen

bitcoin is better than gold
it's a better system than fiat, a natural step for people, it will be a smooth transition and will save people money and time in the future
gold is going backwards bitcoin is going forwards

sure gold might be the right hedge if niggers and spooks hammer the grid before we can get a distributed one up and running
but guns and ammo and antibiotics and lighters would be a good hedge too

>>16917613
Is Ethereum a shitcoin? What about XRP?

>>16917613
you dont need to worry about my finances, zoomer ;)

>>16917664
>Ethereum
Not a shitcoin
>XRP
Shitcoin

>>16917699
Not a zoomer, also probably richer than you, faggot ;)

>>16917659
and /thread

>>16917659
>what is Idaho

>>16913416
Boomer , white ,over sexed PM stacker and fucking proud of it!
Making gains 500%tax free gainz since 2000!

>>16917659
Gold at least is useful for making jewellery.
There's nothing to stop bitcoin's value from falling to zero.

>>16914779
>590+ Fiat currencies have failed
Firstly, what are your criteria for counting them as failed?
Secondly, what do you mean by "fiat currencies"?
Are you including gold backed currencies (which are always destined to fail when their issuer runs out of gold)?

>>16918179
>Firstly, what are your criteria for counting them as failed?
ugh.. the fact that they don't exist anymore.. duh..

>>16913484
>US Dollar lost over 95% of its purchasing power since inception of fed in 1913.
>not thinking you're in a currency collapse because you can buy cheap shit and watch sportsball on tv
>being this deluded

>>16918260
So you think every currency that was replaced by the Euro was a failure?

>>16918545
An average loss of <1% per year is hardly a collapse.

>>16919000
it switched from being backed by gold to backed by military and regional control
the inflation percentage is much higher now than back before USA officially went off the standard
and now that USA is losing it's regional control and petro dollar status inflation is increasing faster

but as I'm saying it's happening this has been dragged out over decades

>>16919056
With the benefit of hindsight, it was a dumb idea to gold back it in the first place.
Inflation was high in the 1970s and '80s. It's now low, despite the impact of Trump's tariffs.
The petrodollar status was important 40 years ago, but its value declined as financial markets became more sophisticated. Now it's trivial.

Now most of the dollar's value comes from fiat (the need to use it to pay taxes) creating a demand, and from the balance of trade. The military is irrelevant to that
...Although it could be argued that fiat depends on military might as a conquered country would lose the power of fiat – and similarly a gold standard would be even more dependent on military might, as the conquering country could steal all the gold.

>>16919000
Apologies for the miscalculation.
But still, an average loss of <3% is hardly a collapse.

> itt , NOOOOO GOYS DON'T BUY METALS BUY STONKS INSTEAD!!!!

I bought into the gold/silver conspiracy bullshit in 2014. Bought a ton of silver especially and it has gone up like 10% since, lol. Waste of time, buy crypto stupid.