/biz/ - Business & Finance

$1000usd/ounce 2024

>>24751327
Nah it'll still be 1700 per ounce and gold bugs will be "SEE! STORE OF VALUE" but what they fail to realize is that USD lost half the purchasing power and so did Gold

>>24751364
how do you define purchasing power?

>>24751385
In SATs

>>24751414
ngmi

>>24751293
these cunt boomers are why i never looked into btc in 2017. i hope they all die. greedy faggots

>>24751293
Imagine looking at the chart of gold and thinking it is a good investment.

In 1980 it peaked at $800 and then went sideways for 30 fucking years

THIRTY YEARS. Imagine buying gold when you are 20 and only breaking even nominally when you are 50 fucking years old. Then consider the gains that could have made in real estate or the stock market.

Calling bitcoin digital gold is a insult to bitcoin, because gold is fucking trash as a investment and as a store of value.

>>24751462
>THIRTY YEARS.
kek imagine having to wait 30 years. your life is basically over.

>>24751462
If you bought a index of the DOW in 1980 you would have had a 15x in the time it took gold to reach it's ATH.

Gold shills suck people in with some valid Austrian economic theory. However instead of telling people to invest in assets that have a proven history of beating CPI inflation they tell people to buy fucking gold so they drive up the price and increase the profits of gold mining companies. That's all you are doing when you buy a gold bar, you are increasing the profits of gold miners.

>>24751428
You gotta admit, Boomer advise is pretty funny. But it's unfortunate that we all learned way too late that Boomers are dumb as bricks and only got rich because they were a lucky generation. Man if only I learned that Boomers are full of shit when I was 20 I would have loaded up on so much Bitcoin

>>24751462
>THIRTY YEARS.
yep that's the danger of believing schiff
gold is money. it is the only thing that is not an investment. no risk no return.

>>24751487
That's why it's fucking evil that people are shilling gold as a good investment when it's track record has been dog shit.

Even the most retarded normies that fomo'd into the bitcoin top in 2017 broke even this year if they just hodl.

>>24751512
Gold isn't money, money is a store of value, however gold has been bleeding value for 100 years. It's a step above hiding paper money under your bed. At least with paper money you can spend it without paying a retarded premuim.

Don't even get me started with buying physical gold, the amount over the spot price is a scam. and you are lucky if you can even liquidate it at the spot price.

With bitcoin you can buy it and sell it anytime you want for a minimal fee. Could you imagine buying a lump of gold, being 10% down the moment you buy it because of the premium then it bleeding and crabbing for thirty fucking years?

Even today gold is still below it's real all time high if you take into account currency expansion.

THIRTY YEARS.
Imagine holding bitcoin for thirty years and it just CRABBING people would call it dog shit, but because gold is muh shiny yellow rock people forgive it for some reason.

>>24751573
>gold has been bleeding value for 100 years.
define value

>>24751573

>>24751602

>>24751628

>>24751602
Gold in relation to real estate has lost 2/3's of it's purchasing power since 1920.

Not to mention real estate has a yield whilst gold has zero yield. Every 35 years the gold supply doubles so if you bought gold in 1920 today your total share of the gold supply is only 20% of what it was in 1920.

>>24751602
Compare that to wages in gold over the same time period. That started off as almost a year's pay for a man and worked down to almost 2 weeks pay.

That's an enormous drop in value just over that time period.

>>24751648
false >>24751628

price is a function of demand and supply not only supply. If the economy grows demand for money increases.
gold's price changes the least of all things over time, making it money

>>24751648
not to mention they found the potentially biggest gold reserve on earth recently in siberia.

theres always more gold coming in every day.

people that don't own any gold or silver will get assblasted in the near future. Enjoy being a slave to the system.

>>24751661

>>24751672
Sauce?

>>24751672
>price is a function of demand and supply not only supply. If the economy grows demand for money increases.
gold's price changes the least of all things over time, making it money

the supply of gold needs to increase exponentially for it to maintain its value as the economy grows exponentially.
Asteroid mining is no different to gold rushes in america and australia after we had the economy was large enough to make it profitable to get at

>>24751661
go and look at old newspapers to find real prices

>>24751661
The value of human labour itself has decreased due to automation, it is natural for wages to stagnate. This is why we are headed for a society with either vaccines that make the global useless class unable to have children or we give the useless masses UBI. Probably a bit of both.

>>24751721
post body you weakling

>>24751686
>over the same time period
fail

>>24751721
still haven't defined value

>>24751733
>>24751715

you have posted no data

>>24751715
I have, that's how I know I'm telling you the truth.

the average wage in the US in 1880 was $1 per day. In 1750 it was less than a dime. Since gold was fixed to silver you can easily calculate how much gold a US worker made then. An ounce every 6 months in the 1700's, and ounce every month in the 1800's. An ounce every couple weeks now.

>>24751701
You basically just outlined why bitcoin is a better store of value since gold's supply is going to explode as mining becomes easier and easier due to technological progress.

>>24751731
I bet you can't even 1/2/3/4 faggot.

>>24751733

>>24751747
crypto is not a store of value it is an investment.
Money is a unit of measurement of value
a meter that grows 300% per year is not a useful unit of measurement of length

>>24751661
so you are saying gold is undervalued?

>lockdown for another 3-9 months
>central banks will print again
>hyperinflation
>riots/revolution

people will not buy homes, because there is high unemployment. people will not buy stocks, because most companies struggle/are overvalued. they will buy gold and bitcoin.

I have 50% crypto and 50% gold. gold is a "safer" asset, because it is an established form of value for over 4000 years. bitcoins history is short and there could be a black swan event (bitcoin ban, SHA-256 bug, quantumcomputer)

Gold holders say you should buy gold as a store of value however it's supply doubles every 35 years and that is when it's price is crabbing.

If gold did move up meaningfully then the rate it would be mined would explode.

Just look at what happened with the price of oil, it got so high that the USA inventing fracking and made the USA energy independent from the rest of the world.

>>24751747
i probably could i can 1/2 but i don't deadlift or squat because i don't want to be cripple with 50 now post body you digital cunt - owning wealth on a digital basis ain't worth shit as soon there is a digital dollar implemented you will never be able to evade taxes, bribe etc. enjoy getting buttfucked for the rest of your life.

>>24751768
is it wrong to assume everyone that posts anime is a pedo? why do you creeps do it

>>24751767
>so you are saying gold is undervalued?
that's one way of saying it's lost enormous value over time.

>>24751751
>The average US wage in 1910 was 22 cents per hour. The average US worker made between $200 and $400 per year.
between 10 and 20 oz per year
one ounce every month or two

>>24751763
Money is a measurement of human energy. Fiat and gold bleeds energy whilst bitcoin is attracting energy into itself. Bitcoin has zero energy bleed since it has no inflation of it's fully diluted supply. whilst inferior forms of money, gold and fiat bleed energy.


You work, you expend energy in order to convert it into money so you can use that energy in the future to buy something you can't or don't want to build/ work for yourself.

>>24751782
>>24751785
gold cucks when confronted with a superior intellect resort to ad hominem.

>>24751767
idk the way I see it gold is risky, imagine you investing 50% of your assets in gold in 1980 and then for the next thirty years it bleed and crabbed. even now gold is below it's real inflation factored ATH. If you wanted something safe I would rather buy a index of the stock market or real estate.

There's a reason why China and Russia were hoarding tons of gold lately and reason why cucklands like Canada were selling all. You need at least some to survive what is coming in this decade.

>>24751414
Based

>>24751854
>Money is a measurement of human energy. Fiat and gold bleeds energy whilst bitcoin is attracting energy into itself. Bitcoin has zero energy bleed since it has no inflation of it's fully diluted supply. whilst inferior forms of money, gold and fiat bleed energy.
schizo nonsense.

I didn't disagree with you >>24751785
it was a genuine question

>>24751912
Do you think gold since it crabbed in USD price for thirty years is a store of value? If something doesn't increase in price for thirty years it is not storing value, it is losing value. If you can't beat asset price inflation you are not storing value.

>>24751509
At least I know now. In fact if this pandemic has done nothing else of good, it's shown me that the majority of people are stupid as fuck. I ignore most people's advice now. Only person I can trust is my self. I'll listen to other's advice as I'm not arrogant but I'll do my own research and come to my own conclusion. Better late than never.

Money is the tool that facilitates the indirect exchange system, which mankind developed as an alternative to the inefficient barter system.

In the barter system, parties directly exchange the goods they want to 'sell' for the goods they want to 'buy'. This system carries with it several limitations that impede economic growth, and therefore human progress. these limitations are explained fully here: https://www.yourarticlelibrary.com/economics/money/5-main-difficulties-found-in-barter-system-discussed/37849

The indirect exchange system addresses these difficulties. In the indirect exchange system you 'sell' your good not for a good that you need directly, but for another good which you can then 'sell' for the good that you need. This interim 'good' becomes the medium of exchange(money).

For this to work, the medium of exchange must, like all the goods we wish to exchange it for, be a commodity with qualities that ensure there is constant demand. The reason being is simple - if we are to exchange goods for another good(the medium of exchange) rather than the good we want directly, we must be confident that the good which is now acting as a medium of exchange will have sufficient 'demand' from someone else who possesses the goods we want to 'buy' in exchange for the good which is now acting as the medium of exchange.

For example: if a farmer wants to exchange some wheat for say, some furniture from an artisan, there must be an artisan willing to exchange their furniture for the wheat in return. But the artisan doesn't want wheat in exchange for their furniture- however there are wide array of goods in the economy that the artisan WOULD want in exchange for the furniture.

This is where the indirect exchange system comes in. The two parties, who both have goods they wish to exchange between each other, can now use a 'medium of exchange' to complete the exchange.

>>24752021
The artisan doesn’t want the wheat in exchange for his furniture, so therefore they cant barter with wheat. The artisan also isn’t confident that he can exchange the wheat in turn for the goods he wants In the future, so the parties cant use wheat as the medium of exchange. The artisan would however be willing to exchange his furniture for a certain quantity of copper – a commodity which he both has immediate need for AND is confident we will be able to use as a medium of exchange for goods he will need in the future.

The farmer is also able to exchange his wheat for copper, as there is a miner who wants to exchange his copper directly for wheat, and the farmer is confident he will be able to use the copper as a medium of exchange for goods he will need in the future, in this case, the artisans furniture. Thus, the medium of exchange is born, and copper acts as the ‘Money’ which the farmer uses to ‘buy’ the artisans furniture.

We see displayed here one key characteristic of the means of exchange, and that is that is that it is able to act as a ‘store of value’. For a good to act as a ‘store of value’ it means that it can essentially retain ‘purchasing power’, meaning people can be confident that the same quantity of the medium of exchange can reliably be exchanged for the same quantity of other goods throughout the economy. We can now use exchange ratios(prices), to tell us how what quantity of a certain good we can get in exchange for a certain quantity of money. For prices to be stable, and ultimately then for economies to be stable, then it is essential that money to be the best store of value possible. The free market will determine which commodity best serves as a means of exchange, as it is in everyone’s interest to exchange and store their value as effectively as possible.

>>24751956
when you try to find a relationship between two variables value and time you need a unit of measurement that does not change as a function of the independent variable.

crypto is a return of value gold is a store of value the usd is a loser of value

>>24752036
Through much due process over the course of human history, the laws of supply and demand have deducted that Gold and Silver are the most efficient means of exchange.

We can now clearly see what ‘Money’ truly is, and what it cant be.

'Fiat Money', issued by governments, and ultimately backed by nothing but the commodities in which they are manufactured(in most quantities now, nothing, as they are digital) - are worthless and cannot function as a successful means of exchange over the long term. They certainly cannot be a long term 'store of value', as they are not a commodity, there is no 'value' to store, and there is no reasonable expectation that the fiat money can retain purchasing power over the long term.

'Crypto currency', like bitcoin, despite the common consensus, is ultimately no different from fiat in that it likewise is not a commodity and therefore has no 'value' to store. Despite its superiority in a digital, 'decentralised' sense, it is even inferior as a means of exchange, as it is slow, expenses and difficult to exchange(relative to other mediums).

>>24751854
past performance doesn't predict future performance. stocks and real estates are overvalued rn

economics is the OG of corrupt politicized science.
Value is as arbitrary a dimension as time or space, there doesn't need to be opinions.

>>24751462
>Imagine looking at the chart of gold and thinking it is a good investment.

haha, yeah, imagine

>>24752103
it's not a good investment, you are seeing the value of pieces of paper returning to their actual value

>>24751681
>people that don't own any gold or silver will get assblasted in the near future. Enjoy being a slave to the system.

>>24752116
investment is defined as :the action or process of investing money for profit.

therefore, a succesful investment would seem to be one that is profitable. seeing as though gold has clearly been very profitable on a long term basis, we can conclude that you are retarded, and your opinions should be discarded

>>24752159
There isnt anything that hasnt done well against the usd because the usd is not a useful measure of value over time. It is designed thay way so the majority of people can not accurately see changes in price over time and then cannot accumulate enough wealth to stop working so maximising the collective output of an economy at the expense of the peoples suffering

>>24752159
Thinking you have made money because somethings value has gone up against the usd is like believing a field gets longer when you use a shorter yardstick.
This is even more extreme when you adjust the dollar via cpi

>>24752103
Yeah imagine

>>24751767
>9 months lockdown
>People will buy bitcoin

>>24752043
If gold keeps a stable nominal price in USD while USD is losing value it means gold is losing value too, it’s that simple. And there are stats to prove it like how much gold average wage can buy and how much gold does it cost on average to buy a house

>>24752285
>>24751628 house

Wages are a function of the labor force, keynesian economics maximises peoples productivity>>24751686
>>24751715

>>24752103
Just ignore 1980 -2009 where the price bleed for decades lol

>>24752285
Anon, up until like 4 weeks ago I didnt really consider bitcoin, but I knew for months now that Gold was crap. I looked at charts for its inflation adjusted returns, I looked at the fact that it has practically zero intrinsic value, because it's merely a pretty form of a commodity, I looked at the fact that our next real civilizationary crisis, kickstarted by the climate crisis and the then ensuing food shortages, as well as refuge seeking people, would probably be so big as to never allow for boomer tokens to be worth anything. People like to pretend that Gold will always have worth. Their arguments are just built on centuries of lies. Of course Gold had value, when it was a reserve currency for the top 1 percent for millenia, it had value. It stopped having value when the rich dropped it, realising its innate worthlessnes once normal people could own it.
Dont argue with that anon, Bitcoin is the perfect form of money, everyone with more than 100IQ points will see this eventually.

>>24753038
The Bank of International Settlements (BIS) in Basel III document outlined that gold is now a tier 1 asset. That means the central bank for all central banks now considers gold as good as cash and can be kept on balance sheets. Can Bitcoin do that?

>>24753683
Bitcoin can do everything that gold can and beyond. Its only the banking jews that gotta let it happen.

>>24751414
this

>>24751648
You want to look at gold/acre not gold per housing or real estate. Be around longer than a few hundred years and you will understand.

>>24753982
>Bitcoin can do everything that gold can and beyond.

haha it kinda cant though

>>24753038
>Of course Gold had value, when it was a reserve currency for the top 1 percent for millenia, it had value. It stopped having value when the rich dropped it, realising its innate worthlessnes once normal people could own it.

honestly anon what the FUCK are you talking about? this is what i expect to find written in shit on the bathroom walls of a psych ward

>>24751293
So basically... crypto btfo

>>24753683
They look at it as !cash! Let that sink in for a moment. Cash. fiat currency that devalued 4 percentage points every single year since 1970 and recently decreased in value by a factor of 10 with the QE ad infinitum madness that Bernanke and Powell heaved upon the ignorant masses. I could care less what the banking jews of Switzerland think about Gold, if their assessment of it boils down to the fact that it is as valuable as printed cotton-paper.

Bitcoin is finite, it offers everyone with capital a way out of the downward spiral of ever decreasing financial power and once Blackrock, JPM, GS, Citi, Deutsche and every fucking pension and hedge fund realises that, it will absolutely demolish Gold. Gold is a commodity with an intrinsic value of less than 50 dollars a pop. It's supply is virtually limitless if and when the price of Gold picks up enough, because the cost of mining it will then be outweighed by the value it holds. Gold valuation is built on nothing but hollow assumptions like "What if society crashes down"
Yeah, its going to happen Boomie, but guess what, nobody will give you anything once you start being known as the Golden Boy, they will just kill and rob you, and that is in the unlikely case that Gold will even be considered as valuable. It is much more likely that the climate crisis will absolutely kill every useless boomer token and the value of arable land, fresh water and nutrition will go up by 10000%.
Now excuse me while I take a fucking dump and wipe my ass with some gold derivatives, seeing as theyre basically cash, e.g. worthless and debasing your monetary power, I might as well flush it down the drain.

>>24754654
>Disables your crypto with one simple trick

>>24754702
Lmao. You incels never see the bigger picture do you? If the Sun killed our internet forever, trust me, bitcoin being "gone" (its not, because the blockchain protocol is theoretically eternal) will be the least of my, and the least of your worries. The Internet being killed at this point, would propel us into the dark ages.

>>24754789
Lol any idea/algorithm is eternal idiot. The infrastructure and blockchain nodes that hold the full blockchain record need to be connected, otherwise they slowly breakdown and may not work when reconnected to power. People are buying shitloads of canning jars to can their homegrown food like they did in and before the great depression when they haven't in many decades and you think we're just going straight to the "dark ages" (which weren't dark picrel) again?

>>24754789
yeah nothing you own will have any value in a catastrophic event like that. and even if you had something of value left the ravaging hoards of armed niggers will take it and leave you with a raped and impregnated wife and daughter and possibly cut off hands.

what if 3d printers can recreate precious metals lol

>>24754892
Again, you can only think of history and concepts through your ideological lens. You seek out conspiracies behind the term "dark ages" because youre simply too ignorant to realise that the term did never refer to a decreased spectral amount of wavelengths visible to the human eye, but to the fact that there is very little written record of the time frame. Therefore "dark" to historians that actually spend their lives researching about things, as opposed to people like you, who always have an contrarian answer to every solution.
Again, you are a stupid person, you are ignorant and probably voted Trump because you were scared of socialism and "shitskins".
Buy more Gold.

Let me clue you faggots in. Since 2000 gold has returned 10% a year despite being endlessly manipulated via JPMorgan and the BIS via the comex.

The comex exchange has suddenly become a delivery vehicle and is or will soon be out of metal. Then and only then will the true price of silver and gold be revealed.

I own a shitload of BTC but also XRP in addition to Silver and Gold.

Not holding physical metal here is a ridiculous mistake.

>>24751857
Chad Maxentius

>>24755050
Exactly. If the internet shuts down forvever we will literally loose 90% of the current "wealth" we hold globally. Our societies would collapse totally and a lot of nuclear warheads would likely rain down on our heads.

>>24755238
Since 2009 bitcoin has averaged 100%+ CAG.
You invest in both, now tell me what you'd rather see.

>>24751414
u cheeky cunt

>>24751857
This. Add Venezuela to it as well. I love crypto, but my retirement portfolio is in commodities and gold/silver.

>>24755264
even if nuclear winter is skipped the breakdown of legal system means the wealth will be redistributed to armed bandits and eventually warlords. then we start the whole feudal process all over and eventually get back to civilization as we know it. still you better off killing yourself and everyone you love if that happens.

>>24755348
I think if human civilization collapses at this point, due to whatever reason, it will take 10 times as long for us collectively, to get back to where we were, because of all the cumulative damage we have wreaked upon our ecosystem. It will take thousands of years for our earth repopulating itself with diverse beings, whether plants or animals like us. Humankind will literally go back into a post-apocalypse stone age, with all the bad sides of living in a post industrialised world, and none of the upsides available to us now.
I am a firm believer in the 21st century being a century of collapse, we have overleveraged ourselves way too deeply collectively speaking.

>>24755426
i disagree i think with the commutative cultural knowledge it will be a lot faster. but that doesn't mean it will be pretty.

i'm serious the best thing a man can do if a collapse happens is kill everyone he cares about then kill as many assholes as he can before dying a gruesome death.

>>24755289
The time to hold gold and silver is now. The likelihood of a comex failure is extremely high and the true price of these metals particularly silver is likey 50-100x the current price.

Throw miners which are hated in the mix and you have a ridiculous once in a lifetime setup.

Crypto still is a wonderful place to be but ignoring the metals here is a mistake.

>>24755426
(((They))) do not plan the reset to make some kind of mad max/fallout tier chaos but to make more money and have more control about wagies mayby also making population decrease step by step with dooming wagiecucks capital and perspectives but its seems kinda unlikely to fuck whole world to post apo shithole because even for zionists or globallists the standard of living would decrease

>>24755498
Look at the current state of affairs when it comes to erosion of arable land, it literally desertifies constantly and in such hugr quantities that even the first world will not be able to supply itself aith food with its current numbers.
Add on top of that all the sealed away land in otherwise arable areas.
I dont think killing everyone is a good idea. A collapse could be an opportunity to regain our humanity by enabling a more free, non-hierarchically built society and thrive in a post-apocalypse setting. If everyone decent dies, then you can kiss your return to civilization goodbye.

>>24755563
Yea... a non hierarchical society.... heh... sounds like a real paradise i mean African tier hell hole

>>24755552
I dont think any powerful human entity is actually powerful when faced with enormous degredation of ecological realities. You really overestimate humans and especially elites, when you think they would be the stewards (even if by ulterior motives) of mankind in a collapse. I think its much more likely that people like Bezos will go to some island with a few slaves, before being killed by said slaves.

>>24755549
Comex will not fail.

>>24755563
don't think 80% of the population will make it through a collapse m8

>>24755563
>A collapse could be an opportunity to regain our humanity
but i can guarantee you the opposite will happen.
we will lose our humanity way before we lose our sense of history or technical knowledge.

>>24755588
To a pol nigger who loves to suck big government cock constantly, it probably sounds like shit, to every morally capable, intelligent human being it sounds like a paradise.
Keep coping about the fact that Dump lost, your new president is exactly the same as him and every incel who thinks owning guns makes them free™ is a joke to me.

>>24755629
>>24755612
People who only see the worst in human beings, usually can not imagine that human beings once worked together, as social beings, without states, laws or permits.

>>24755638
Imagine thinking the world is filled with morally capable and intelligent human beings.

>>24755629
We already have lost our humanity. It’s just not apparent yet as civilization still has a good bit of inertia

>>24755659
You know, this can be easily debunked with even the slightest review of ancient history.

>>24755668
>imagine believing in the Hobbesian fallacy.
Human beings have the capacity to be moral and intelligent, this is obviously discouraged by our globalist leaders, because it invalidates their hierarchical status.

>>24751293
Schiff has based takes on banks but he is a conniving goldjew himself. Probably controlled opposition.

>>24755692
Most of human history was never recorded because most of it was not spent in patriarchal warlord states, but in socially responsible tribal gatherings.

>>24751414
based

>>24755605
Yes thats why scotia who has been in the business for hundreds of years pulled 17 million ounces of silver off the comex just this past week and left the market.

The only player left is JPMorgan buying and selling shirt for the treasury. The metal is thinning out friend.

>>24755668
Zygmunt Bauman argues that humanity and morals are replaced in any given civilization, by social norms, rules and laws, that then govern the individual in stead of his/her own ethics.

>>24755659
i know people can stick together, but i also know that countries are way too big for that now. the natural community size of humans is 20 to 50 people an extended family or tribe. anything bigger than that and when shit gets tough people start to think about themselves and theirs first.

when shit gets real tough. if there is hope and shit is just locally bad then sure there is no problem.

i have seen enough how people treat other people even their own countrymen just to make a point not even out of "necessity".

the breakdown of law and civilization will be hand in hand with the near complete removal of empathy and compassion. it's hard and long to build it up and very fast and easy to break it down. every fucking modern era war proved this day and day again.

we like to pretend it's just the "lesser" cultures or people but no.
https://www.theguardian.com/australia-news/2020/nov/19/australian-special-forces-involved-in-of-39-afghan-civilians-war-crimes-report-alleges
then
https://www.theguardian.com/world/2018/apr/24/un-peacekeepers-accused-of-child-in-south-sudan

it's in everyone. and today's wars are much more orderly supervised and civilized than anything after a collapse.

>>24751462
Based fire emblem poster

>>24755699
>>24755659
No human beings don't have the capacity to be moral and intelligent. Only europeans and of their descent do

>>24755735
Cope

>>24755818
Your philosophy has no correlation with reality

>>24755855
You make the mistake of assuming that nation states are natural modes of human contracts. Theyre merely hierarchically imposed top down ways for the elites to control their proles. In case of actual collapse, sure many human, maybe even most, will not be able to adapt and kill each other. But the few that are left behind appreciated each other and learned to live and work together. Tribal anarchy is the way if you ask me.
Our view of history and societies has been skewed toward naturally accepting big institutional control mechanisms, but this is not how it should be. Human beings lash out against each other due to their lack of control and the systemic violence heaved upon them. Even rich people suffer tremendously, because we are so far removed from our own humanity and our needs.

>>24755927
Polcels are inferior human beings.

>>24755964
Your autistic theory will have no influence over world machinations now or after collapse, because it doesn't work

>>24755603
Was there any similiar global event? Because dawn of empires, domestic wars or world wars always were just in some areas and even there were cities or villages where life was going just like before that you would not even notice

>>24755939
Then why do tribes kill each other in Africa and pre-settlement Americas

>>24756094
These "tribes" were already pretty massive societal structures, just because they werent on par with european kingdoms that made it out of millenium of constant war, doesnt mean they were any less destructive in their own right.
>>24756072
Human trade was never globalised before, nuclear warheads were not a reality before, human empires didnt rely on industrially produced goods and fertilizers to somehow make "edible" produce. We are witnessing a civilization that is completely and utterly incapable of coming to terms with its own limits and keeps digging its rabbit hole ever deeper in hopes of coming out on top. When it all comes crashing down, these problems will multiply each other to such an extent, that it will not be regional collapse.

>>24755939
>You make the mistake of assuming that nation states are natural modes of human contracts.
i never in my life made that mistake. fuck are you talking about?
>Human beings lash out against each other due to their lack of control and the systemic violence heaved upon them.
actually that's blatantly wrong. just educate yourself about empathy how it forms and evolves collectively and how african tribes have almost none because of simple evolutionary barriers.

http://gains.dob.jp/

never forget

Sold all my physical AU and went full crypto this year. Best decision ever. I'm gonna make it in 2021.

>>24756727
I'm mostly crypto, but I try to keep around 5% in gold & silver. It's comfy. Everyone who mentions Schiff acts like he wants everyone go all in gold, but even he only recommends 5-10%.

>>24756645
Another polcel rant.

>>24757398
no it's the truth. empathy is formed because of foresight and evolutionary strategies adopted because of harsh climates and seasons and cooperative strategies designed to optimally deal with them. civilized law and western culture is basically the end result of this empathy. it was still a painfully slow process taking centuries with setbacks after setbacks. because people in every age mistake understanding and kindness for weakness.

>>24758234
see
>>24757398

>>24758327
for all our sake i hope you never get the chance to learn how fucking wrong you are.

>>24751462
If you bought BTC 3 years ago you've also gone sideways

>>24758426
if you dca-d into bitcoin the past 3 years you are massively in profit tho

>>24755498
>>24755348
>>24755264
>>24755050
MEDS. Now.

>>24758393
>>24758234
see
>>24757398

>>24757398
>>24758327
you are pretty strong evidence that tribal anarchy won’t work

>>24758513
>>24758522
simps

>>24758548
anarchy is a strong vacuum of power and it gets filled asap by anyone remotely stronger than a pair of hillbillies.
such is life.

I don't see gold as an investment. I look on it as a get-out-of-shit token that will be discounted to whatever the pilot/driver/camp guard needs to look the other way. That transaction may need to be done in seconds in an environment that is post EMP or under spark gap disruption and between people without a common language.
The only general use case for it as a man is having some physical impresses women.

>>24758564
>>24758548
Another polcel. It gets tiresome desu.

>>24752048
based.

Asset cycles are a historically documented and demonstrated. What Crypto thrives on is solely speculation that a central bank, major hedge fund, or other similar wealthy elite group will jump ship from their traditional assets and buy it.

They'll make their own centralized Crypto, and regulate/ban yours, not buy the bags of basement dwelling dweebs and the normies they roped into it.

Or maybe the financial system and government will let the free market finally Regin, after 90 years of choking it out, lmao.

>>24751414
BASED
>>24751385
BTFO

>>24752103
1980 until 2010, was the booming period of US economy as the only major economy and superpower and a monopoly and other nations had more trust in the US and printers didn't go brrr so often. However now there several rising economy powers like china and in the long terms BRICS and the US is losing his global hegemony and soon we'll see different aspects of gold and trends. I personally think having a bit of your investment in gold for the next decade is not a bad idea and could help you to hedge against the inevitable hyper inflation and turmoils many economies will face.

>>24751648
hi lyndis poster. Love to see you're interested in discussing Gold vs Crypto. You should really look at the goldbugs as your "antiquated" brothers. We're in the same game for "HONEST MONEY". The bitcoin experiment is a rejection of the USD, and gold should be too.
>Gold in relation to real estate has lost 2/3's of it's purchasing power since 1920.
I think this should be rephrased as
>real estate input costs have inflated against gold by 2/3.
it's tough to really quantify the legislative pieces that go into asset prices, especially US real estate. it's fucking scummy business and it needs a cleansing, tbqh.
>Not to mention real estate has a yield whilst gold has zero yield.
real estate absolutely does not have a yeild, and do not trade your crypto for real estate unless you're going to live in it. you will get strangled to death by taxes, and you want to take advantage of the mobility of renting. 2020 should be a perfect example of how landlord cucks got rekt if they were in a "prime" location in the city. A fool and fortune are never friends. Every grievance you may have with BTC is typically solved in Gold but particularly SILVER. I hope you take another look, lyndis anon. I have a brown haired plains girl and it's fucking bomb.

>>24751648
>>24759643
I forgot to mention that this looks like the trendline. Gold > RE at the moment. Most things should be favorable to RE, tbqh. Debt is the only reason most are picking RE. It's one of the easiest ways to expand debt, but people keep forgetting about TAX.

>>24753038
You are the sub 100 iq and dont understand what i wrote.
Inflation adjusted charts are one of the biggest scams ever perpetrated on mankind. Cpi is antithetical to a unit of measurement it changes arbitrarily every year, ignores the exponential increases in production efficiency of consumer goods and equivocates substitute goods.

>>24759739
Inflation doesnt have to be measured against the CPI, if you measure relative inflation purely on an asset basis, Gold performs even worse. 100 years ago your gold had 5 times as much purchasing power when it came to other scarce assets like land, real estate, art other assets, you name it.

>>24759739
I cannot believe that the guy you're responding to is 22 posts deep into his schtic and you haven't caught on to his trolling yet. How autistic do you have to be to see someone shilling for 'non-heirarchical feudalism', muh peaceful injuns, and value isn't real, before you get that he's fucking with you?

Anyone that doesn't have at least a bit of physical gold and silver isn't avoiding it for any well thought out economic reasons, they're doing it because they aren't nearly as immune to propaganda as they'd like to believe. You know that whole "you'll own nothing and be happy" bullshit? How do you think you make sure everyone is a serf? By conditioning them to not want the one commodity you peg the replacement money to.

The US is in the end stages of the debt trap now. If Tbond rates rise, money floods out of real estate and stocks to get easy returns and pensions collapse. If Tbond rates down, the FED sends a firehose of free money to its friends the commercial banks and asks them to buy up Tbonds despite them not actually returning real positive yields now. This is what QE really is. The really funny part is that now the banks aren't even investing all that funny money in anything; they'd rather sit on it and eat the inflation tax, and the FED is powerless to get that cash into the system.

>>24751364
There's only a tiny portion of people who bought bitcoin for less than $1,000 and all of them are whales who never sell.
99% of people in bitcoin are the guys who leveraged their buys before a dump.

>>24755312
commodities like what? I heard commodities, but can not find out what are the other commodities than gold and silver?

>>24759982
>100 years ago your gold had 5 times as much purchasing power when it came to other scarce assets like land, real estate, art other assets, you name it.
No evidence of that http://pricedingold.com/

>>24759998
I dont give a fuck what he thinks he's doing and what is with all you brainlets thinking i am making an argument for the possession of gold. There is no situation where something is not going up against gold, whether its toilet paper or chainlink. gold is for measurement not investment

>>24751293
I play taps for this fellow

>>24755218

Look I dunno if crypto will ever deliver on the dream of digital gold with no banking system, but I do know this:. the commodities exchange is going to default on deliveries and that will immediately result in a silver panic. It will happen in the next five years.

>>24760566
>Look I dunno if crypto will ever deliver on the dream of digital gold with no banking system
It probably cannot. Gold and silver are unique in that they can function as money and there is literally no counterparty risk whatsoever in ownership.

>>24759561
I personally take profits in gold and silver, but only a small amount.. i'll be 80pct crypto 10pct gold 10pct fiat by at the end. im never selling for inflating to shit national currencies ever again.