/biz/ - Business & Finance

it's only held because it has always been. we need something to break gold. we may be finally coming to that option

>>25721101
>power goes out

>>25720872
(((They))) confiscated and banned the gold hoarding. American education at it again

>>25720872
Paradigms shift with technology.

>>25721184

>>25720872
>i trust a financial system that was created in the 11th century
>i trust an accounting system invented in the 14th century

>>25721184
>not having external battery packs to exchange from your ledger for this scenario

Lmfao ngmi ngmiiiiii

>>25720872
Show me inside their vaults anon , it’s all bullshit and fake

>>25721797
How we were even on the gold standard if after 6102 they banned owning gold for 40 years.

The elements on the periodic table are the only eternal stores of value and always will be. Biztards think theyre useless rocks because muh internet coins

canada sold all its gold

>>25720872
Correct.

gold is useful across many generations, i unfortunately am only going to live once

>>25720872
governments and massive institutions are always slow when it comes to adoption of novel technology, as it is in the nature of large organizations.

>>25721184
In a shit hits the fan situation your hundreds of thousands worth of gold might buy you a cow, or a few of firearms and some ammo.

>>25722710
no surprise. canada is the smartest nation on the planet.

Is this the nocoiner cope thread?

There's gold on mars mates.

>>25720872
For thousands years there was no better option to persist value than gold, now there is ans it's called BTC..

>>25721101
gold has not been used to transact in the global economy since the 1970s. The rabid and increasingly destructive boom/bust cycle you see is the consequence of having done so. This is apparent to anyone who reads about economic history and applies a little critical thinking to the current macro situation.
There's no such thing as "breaking" gold. If anything could be fixed to alleviate economic concerns, it would be the craving, grasping, striving, never-content, always-wanting-more addiction of a weak and insecure humanity. The solution is already here, there's no need to 'break" gold, which seems to me to be a pretty unsophisticated way of looking at monetary progress.

>>25720872
Banks and institutions go through periods where they make money hand over first. What is the only way to freeze and preserve this wealth for a time that it can be applied in the future? By allocating it to a material that is indestructible and has the lowest stock to flow ratio on Earth. This is gold. Gold does not create wealth. It preserves wealth. Brainlets think that by putting their measly paychecks into one ounce of gold they will somehow become wealthy. Wrong. You need to make it big somewhere else, and when you cash out and have more money then you know what to do with, freeze and preserve some of that wealth into gold until you can find a better use for it (typically during a liquitity crisis).

>>25724050
the cope is strong with the shiny metal delegation. the cool part is now i can buy a fuckload of their shiny metal if i wanted to

>>25724050
>oil price
topkek, I forgot about that.

>>25720872
kek Gold cucks btfo