/biz/ - Business & Finance

>>29721958
Imagine not only wanting to own a rock, but also a rock that is obsolete.
That is what boomers are into buying. Rocks that are obsolete. Gold is literally a rock that had one purpose - to arbitrarily store value.
And now that value is rendered obsolete through technology and cryptocurrency.
And boomers are still too fucking stupid to realize, as it typical.

>>29722116
gold is anonymous, something that btc will never be. Ask ISIS. Btc holders are always at mercy of ZOG governments. Not gold. Can you melt down a bitcoin?

>>29722116
Thanks, just ordered more shiny rock.

>>29721958
Because USD is about to moon and gold will drop along with everything else.

>>29722116
actually I see gold skyrocketing with digital central bank currencies coming into play. I am a zoomer and I know blockchain is gay when it comes to privacy. SO there's a new feature for gold.

>>29722278
hahahaha

>>29722209
WOW you boomers have no fucking clue how crypto works.

>>29722278
why do you think USD will moon? Printer keeps going BRR, no?

>>29722346
lol seems like you have no clue how crypto works. nothing on the internet is anonymous. absolutely nothing. not even privacy coins. it's not that I care about privacy that much, but just saying.

>>29722320
>and I know blockchain is gay when it comes to privacy.
Kek fuck you people have no fucking clue what you're talking about.
>I am a zoomer
Doubt, grandpa.
Only boomers from /pol/ even use the term "zoomer"

>>29721958
Because you post thumbnails

>>29722448
Crypto is completely anonymous. In many ways, you can say it's even more anonymous than cash. But whatever bro. Nobody is going to be able to speak any reason to an idiot like you.

>>29722570
i work in blockchain. nothing is anonymous ;)
only little uneducated shits like you think they are not getting doxxed every time they are interacting with a protocol that didn't KYC them.

>>29722116
>Imagine not only wanting to own a rock, but also a rock that is obsolete.
That is what boomers are into buying. Rocks that are obsolete. Gold is literally a rock that had one purpose - to arbitrarily store value.
And now that value is rendered obsolete through technology and cryptocurrency.
And boomers are still too fucking stupid to realize, as it typical.

>>29722346
Global Disruption of Three Terror Finance Cyber-Enabled Campaigns
Largest Ever Seizure of Terrorist Organizations’ Cryptocurrency Accounts
https://www.justice.gov/opa/pr/global-disruption-three-terror-finance-cyber-enabled-campaigns

ISIS split their holdings between bitcoin, physical gold, and land/business investments across the middle east through shell companies. Guess which one was the easiest for ZOG to take?

>>29722777
Based full house of gets.

>>29721958
>Why is this shit just crabbing???
that's the point of gold a steady rock in the storm
when it does go up it's because conservacucks are politically ascared when things didn't play out like they wanted so they think the world is literally going to end.
kek

>>29722777
Posts like this are what happens what morons get their hands on a tiny little piece of information, and suddenly they think they understand the whole picture. And that "they know better than anyone" whether crypto is private, despite them not actually even knowing the first thing about crypto, what it is, how it works or whether or not it's actually private.

>>29722777
How did they take it nigger? The only way is from leaking private keys or keeping it on an exchange.

>>29722116
Imagine not only wanting to own fiat paper money, but fiat paper money that only exists inside a computer.
That is what midwits are into buying, 1's and 0's that don't actually do anything. Crypto is literally 1's and 0's that had one purpose-to transact (and they can't even do that).
And now that value is rendered obsolete because fiat collapse always pushes people back to gold and silver.
And midwits are still to fucking stupid to realize, fags.

>>29721958
1) Gold is still worth exactly as much as it ever was. 1 oz of gold = 1 oz of gold. It is the value against which all other things are measured against.
2) It's not doing as well as one would expect in contract to the USD because bond yields are rising which automatically pushes traders to sell gold. Bond yields would normally be pushed down manually as inflation goes up but instead the FED is just denying any inflation and letting them rise. Gold will do will once the bond yields either go down or pop. They are headed quickly into bad territory that is indicative of the US Government wanting short term money with not so great plans on paying it back.

>>29722209
so is ZEC.

No one who isn't a new banker is allowed to make money under president biden, that's why.

>>29722570
not only is it not anonymous i can see everyones transaction history and account balance

>>29722370
Because Joe Biden is president.

>>29722346
U fckn idiot, it's an OPEN LEDGER
Anyone can read it if they know where to look. If you haven't moved into privacy crypto, ngmi.

>>29724946
>1's and 0's that don't actually do anything muh hurr durrr
it makes people a metric fuckton of money not my fault your lording over your little niggerstack when you could 20x it.
I just bought two more hold kilo bars to put in my safe with my 8 others.

>>29725159
so the fed are artificially propping bond yields? Is that why stocks sold off today?
What is the meaning of bond yields going up? They are now 1.6% for the 10 year. Even a brainlet knows that inflation will be higher than 1.6% over 10 years...

>>29725866
what does that mean?

>>29724281
BTC is not private. All transactions are on a public ledger viewable by anyone. XMR is private, but not fungible, meaning that each XMR has its own unique identifying information. Bullion is fungible and private at the same time. A gold atom is a gold atom. There are no differences or unique identifiers.

>>29722570
t. i bought things i don't understand

>>29725679
That is your own fucking ignorance and not actually true.
>>29725985
It's an open ledger with no names attached to it, and that is assuming you are using an open ledger coin. Which as you reference yourself, does not apply to all coins nor all defy, especially with solutions like NuCypher out there now.

>>29727719
See here >>29728534. BTC is plenty private, in reality. Which is why people used to literally use it to buy childporn years ago and it's still accepted by many darkweb exchanges today. But regardless, there are way more private options and that is the point.

>>29722116
Cryptofags have attached the value of their currency to their ability to remember 12 words.

The government will simply kill people who own a lot of crypto and problem solved. The currency will be eliminated along with the people.

>>29722116
>>29722346
>>29722509
>>29722570
>>29724281
Nigger you better be baiting. I don't know where the memetic of 'boomer rock' came from but it does not describe reality. Boomers are the generation that gleefully tore the US monetary system from any metal peg and sodomized the corpse of Bretton Woods with their love of fiat greed. Boomers have almost no exposure to precious metals, unless its through a gold IRA or some fund that includes a major mining stock or maybe GLD/SLV in the things it tracks. The stereotypical old person holding old silver dollars in a tube sock is from the silent generation at latest, all of which you would know if you actually talked to them, but whatever.

Does it not bother you repeating trite talking points with no basis in reality over and over and over again? It would bother me. I would go as far to say that it would almost seem like some people very good at memetic warfare created the concept 'boomer rock' to shame midwit faggots like you into staying out of an asset class. And because you don't think about the information you absorb and vomit up later, you keep spreading it around, because you think you're on the inside track, you're the one that knows the secret, you aren't going to be fooled by The Man. Which is precisely what The Man intended.

>>29721958
Because people are buying BTC instead. Read this https://thekaleletter.substack.com/p/please-please-dont-buy-gold

I'm buying an ASE 500 oz monster box for $35/oz and 5 oz gold for $1,850/oz tomorrow niggers
Eat shit

>>29728655
>Implying babyboomers voted for Richard Nixon.
That alone proves how full of shit and wrapped up in sophistry your post is.

>>29722370
> pic related

>>29728697
Silverfag here. You sure you don’t want to dollar cost average into that position? I know some people who got burned in 2011 and 2013.

Meanwhile, I was paying premiums on ASEs buying lots of 5 at a time, and my average is $20.

>>29728731
lol fucking retard. They voted for him, they voted for Carter, they voted for Reagan, they voted for Clinton, etc,

>>29728791
Are you not expecting strong inflation? I'm worried about missing out
How do you compare today's dynamics to 2011 and 2013?

>>29728655
based and checked

love my pms

>>29728852
Ummmmm, the oldest babyboomer was 23 in 1968 when Nixon was elected. Almost the entire electorate was not babyboomer and the young people were almost unanimously left-wing back then.

>>29728731
The only reason Nixon didn't smoke Huphrey even harder in 1968 was that he lost most of Dixie to George Wallace who was running on a 'bring back segregation' platform. The boomers voted for him in 1968 and 1972, and didn't give a flying fuck that any later president didn't reopen the gold exchange window on USD, despite being the largest voting bloc by age.

Fucking currynigger

>>29729105
Most boomers weren't even old enough to vote in 1968. The vast majority of them. And the entire generation is literally infamous for it's opposition to Nixon.

>>29728895
I am definitely tempted to buy 100 oz bars on a weekly basis, buy I have to temper that with the reality that not everyone understands the value of PMs right now, and there is short interest.

Will there be catastrophe soon and you’ll wish you owned some PMs? Maybe. Buy a little bit now in anticipation of that. If it doesn’t happen, you won’t have averaged in at high prices. If it does happen, you’ll have more bullion than the average idiot

>>29729159
Nixon ran on getting the boys out of Vietnam lel do the public schools teach anything anymore??

>>29729232
What does that even have to do with anything, you retarded schizo?

>>29728608
It was used to purchase child porn because it was the only electronic medium of wealth transfer that was remotely secure enough for that kind of work. If it was possible to send physical USD or bullion through the internet, BTC wouldn't have occupied that niche. Most illegal activities are conducted in person using USD. Now, there are more private options than BTC. And those have largely replaced it on DNMs. But it lacks the fungibility needed for true anonymity.

Why do you think a very common cash out strategy to evade crypto taxes involves using crypto to purchase bullion before conversion to fiat? Because bullion is the best way to obfuscate the source of income.

>>29721958
its a boomer rock. If you truly believe in the fundamentals then invest in SILVER, not something that was shilled by greedy Jewish boomers.

>>29729191
>high prices
a year from now this will sound silly

>>29729345
>If it was possible to send physical USD or bullion through the internet
Yeah thanks, what a brilliant observation. You let me know when you have a method of transporting fucking gold through internet lines. Fucking boomer moron.
And I hate to tell you, but IF someone is doing something illegal then they're way better off for privacy sake making an electronic transaction with no witnesses and no way to get physically caught, then you are lugging your "suitcase full of gold" to "do the drop" to get your fucking heroin and childporn, you degenerate faggot boomer.

You just have no clue what you're talking about, like every /pol/ack boomer who bitches about bitcoin and gold. You have no fucking clue. You're a fucking blatant retard.

>>29725679

>>29729313
That your entire idea that somehow Nixon was viewed as "le ebul vietnam meaniehead" by the massive boomer-jugend voting bloc finally participating in their first presidential election is retarded on its face. Nixon explicitly campaigned in 1968 on a platform of ending the Vietnam War and bringing the troops home, a platform that was actually much more enticing to the wave of fresh boomer-voters than it was to the older generations. Let me repeat that in caps for you.

NIXON WAS THE PRO BOOMER, PRO PEACE, PRO YOUNG VOTER, CANDIDATE IN 1968.

And this matters because after he got in office, he killed the gold peg and his same voters not only approved and re-elected him, they NEVER demanded sound monetary policy again because they like fiat debt binges too much to go back.

>>29729574
I didn't even say anything about vietnam, you schizophrenic moron. I'm not even going to read the rest of the dumb comment.

>>29729517
Have you ever actually bought anything illegal before besides weed you dumb faggot?
>muh boomer
I'm 26 you fucking moron. Understand the tech you are talking about. Any electronic transaction is inherently less secure than physical meetups with no witnesses.

>>29721958
so I can swoop in and buy a giant stack after I make a killing off crypto

(the real reason is that (((they))) are flooding the market with it to lower the price of it)

jews are going to use the msasive amount of paper gold derivatives to keep the prices manipulated to make you give up on it until it too late and they have all of it and you have none. Basel III revaluation for central banks is end of June.

>>29722116
>not buying crypto backed by gold
ngmi

>>29729716
You explictly said here >>29729159
that:
>Most boomers weren't even old enough to vote in 1968. The vast majority of them. And the entire generation is literally infamous for it's opposition to Nixon

I don't know why you don't think we can all read the conversation in this thread. You literally made the claim that the boomers are known for reviling Nixon and couldn't possibly be held responsible for backing anti-PM monetary policy objectives. Your implication was that boomers must have hated Nixon over his approach to the Vietnam War, when this is demonstrably false considering his campaign planks and the popular turnout by age bracket.

Nigger

>>29730071
Dude you're a schizo. I never even mentioned the Vietnam war. Not gonna respond to you anymore. Fuck schizos.

Dude...take advantage of the opportunity...Hold should be around 30k right now...they are trying to discourage people from buying it, use it to your advantage.

>>29729992
paxos?

>sirs
kek never change, /biz/

>>29729992
That requires trust that they actually hold the reserves. That is not what crypto is about.

>>29730185
You should type the word schitzo again, its clearly making you look very smart.

SO SHINY OMG

Usecase: shiny
Whitepaper: shiny rock
Exchanges: you die and the useless shit you owned goes to next of kin

>>29730185
Maybe if your brain was rotted from all the drugs you buy using unwashed BTC on DNMs you would realize that Nixon won the boomer vote because of Vietnam. He fucked US monetary policy in 1971 and boomers never restored it, imply that boomers don't give a fuck about PMs.

Hence why calling PMs "boomer rocks" makes no sense. But keep embarrassing yourself anon.

Fuck Jews

>>29729440
I hope so, anon.

>>29729938
>physical meetups with no witnesses
impossible

>>29730415
>usecase: used in most electronics applications, fueling digital economy. Applications in other sectors of economy in anything from medicine to food production. Also makes females sexually excited.
>whitepaper: 5000 years of transactional history. Atomic fungibility.
>exchanges: literally anybody that sells PMs or accepts PMs as payment. Untrackable.

>>29730527
(((this))) is (((/biz/real))) nigger
(((we're))) just (((here)))
to sell you our (((memes)))
and part you from your christfag money

>>29729992
The very concept of being "backed" by anything other than provable labor makes no sense in a trustless environment.

>>29730649
>usecase: used in most electronics applications, fueling digital economy. Applications in other sectors of economy in anything from medicine to food production
Sure, that's why they were mining it in the Bronze Age.
>Also makes females sexually excited.
You moron, that's diamonds, which really are worthless.

>>29722116
Enjoy chinas digital rabbit pellets why they buy gold by the hundred tonnes

>>29722116
You hold "Boomer rocks" not for speculation,but insurance, especially if the lights go out.

>>29730802
>>Also makes females sexually excited.
>You moron, that's diamonds, which really are worthless.
not true anon, it get nigger & italian women excited.
not that there's much of a difference between the two

>>29730428
Young people, which is what the boomers would have been back then, just factually didn't vote for Nixon. It's a matter of public record. But whatever.

>>29730889
>yeah because if theres a power outage all your crypto is gone
schiff tier mongoloidism

>>29730802
Actually diamonds (certain arrangement of carbon atoms) are very important. They (natural diamonds) are just overpriced as fuck due to semetic cartels. As for bronze age use, it was mostly due to looks since "refined" gold was insanely expensive.

>>29722570

YOU COMPLETTE IMBOLCE IGNORATNT COCKDUCSKERS YO UBETTER VFUCKING LISTEN UP RIGHT NOW

the methods of these mediums of value, exchange, and transfer, are chiral. Mirroring each other and taking the best of both parts. One is on the network, the other is not. Its not fundamentally required to split these into two different things. Its like saying "the thing in the mirror is not me" while factually correct, the thing in the mirror is indeed you. The data, and transfer of that info (you seeing yourself) remains. This is the function provided. The rest of it is just years of fucking networking value systems that is proven by the telecom industry. Thats right, I'm not even using the god damn internet as an example here. The fucking phone system proved the means.

Info and data have value, and they have just as much value as physical assets. This is the nature of the dematerlization of the future markets we're entering. If you don't fucking get that then I don't know what to god damn tell you. You're fine, if you never wanna buy shit online and you wanna stick to private vaults in the swiss alps. Both of these things are fucking future proof.

But you already know all of this shit because everyone here is just fucking larping anyway.

FUCK YOU I FUCKING HATE YOU FUCKING DIE IN A GOD DAMN FIRE YOU FUCKING RETARD

SO IS ANYONE gonna explain why GOLD is NOT moving at all, when there is fear of inflation?

>>29731735
its -COMPLETELY- manipulated.

>>29731735
This tranny knows.
https://www.youtube.com/watch?v=FgKOH1SrrvU
https://www.youtube.com/watch?v=iDD_QzXdmEo

>>29722209
They should hand out Hank Hill award for boomerism like they give Alan Turing award for computer science.

is this the pmg thread? wait no. they spilled out of their retard containment.

holy shit i feel like my IQ is down 1SD listening to these oldbugs.

musk bought btc because he is planning space mining operations soon. he's gonna bring a fucking asteroid of gold to earth. the exchange rate between gold and btc will be ludicrous.

you were warned oldbugs.

>>29727389
It means he has a low IQ.

>>29731735
Paper derivatives.
>>29731924
A gold atom is exactly the same as another gold atom. Full fungibility. Each transaction has no identifying information. It is impossible to know where a particular atom of gold came from if a bunch of gold bullion is melted down and reformed.

Silver is the only threat to the bankers.

>>29722116
imagine thinking a bunch of 1s and 0s on a network of computers makes gold and silver obsolete

>>29732658
no he is not. he dumping pretty soon, faggot. Will finally make profit for tesla. lol. imagine being that delusional
we all know only DOGE is Mars approved.

>>29733135
Imagine being such a short-sighted smoothbrain retard that you think one of the largest and most ambitious corporations in the world is swing trading Bitcoin....holy shit you really need to go back to r/buttcoin where your low IQ will be tolerated

Because when you pull out some gold to get some paper, someone puts a pistol in your mouth and keeps pulling the trigger till it goes click.

>>29721958
idk brother, but im down almost 40k on my gold position this past month.

>>29733122
You understand that the entire internet is built on 1s and 0s, right? That the entire financial system is built on computers, and so it's built on 1s and 0s? Almost every industry, almost every technology, almost everything in modern society is built on 1s and 0s?
Airplanes fly based on 1s and 0s.
Spaceships go to space because of 1s and 0s.
Everything you do and say is interfacing with 1s and 0s today.

>>29734813
yes, 1s and 0s are very nice. that doesn't make physical gold and silver obsolete. silver in particular is integral to most of the things you mentioned, in fact, and gold is used frequently as a conductor in spaceships.

>>29734936
The amounts of gold and silver that are of practical use are of such a low demand that it would render the metals practically worthless in any sane world.

>>29730980
you are correct, goldniggers are fucking retards as usual