/biz/ - Business & Finance

>>49617417

>>49617417
Based Peter poster

>>49617417
Not getting a real job until Jews get a real job instead of just being parasites

>>49617417
>>49617457
Deflationary or inflationary spiral in the end?
When do they cry uncle?

>>49617417
>>49617457

>>49617417
his next podcast is gonna spicy with that arrogant celsius nigger eating shit

>>49617417
>>49617457
>>49617518

>>49617417
>>49617457
>>49617518
>>49617591

>>49617417
Wait until he discovers Bitcoin SV, and gets redpilled by Craig

>>49617417
>>49617457
>>49617518
>>49617591
>>49617693

>>49617417
>>49617457
>>49617518
>>49617591
>>49617693
>>49617749

>>49617417
Can you explain to me what the point of buying gold is if the price never changes, even as the USD inflates 8% every year? If I bought $1000 worth of gold 10 years ago, I would have $1000 worth of gold toady, which is the equivalent of $780 in 2012 money.

>>49617950
It's beating the S&P500 since 2019 wtf are you talking about.

>>49618145
The price was $1800 in 2012 and it's $1800 today.

>>49617950
It's not uncommon to see charts like this in the stock market, and if you bought Bitcoin at the top you lost 2/3 of your money. You are a retard.

Post your Peters if you dare.

>>49617417
How did we both have the same idea? I was about to use the same image as you too

>>49617417
>check gold price action
kek.

>>49617497

Inflationary IMO. But, it'll be over the whole decade. /biz/ has the brain capacity of a goldfish, so if something doesn't happen within a week, you're considered wrong.

>>49618356

>>49618336
Gold has never beaten inflation. Even if you bought at the absolute bottom in 1970 for $270, that's $2000 in today's dollars. You still would have lost money selling it for $1800 now.

>>49618191
that's why you don't buy an asset only at the exact top of the previous spike but slowly over time and you would understand that if you weren't a disingenuous nigger

He grows stronger every dollar Bitcoin falls.

>>49618485

>>49618560
see >>49618525

Bitcoin is worth nothing in and of itself. The only reason it's worth anything in fiat is because people want to sell it for fiat. It's not a store of value because there is no value to store, it's only valuable to the extent that people want to sell it for fiat. The thing is though is that it's a terrible medium of exchange with high fees and slow transaction speeds. Gold on the other hand is an excellent store of value. Well how is gold different to bitcoin? For starters gold can actually be used for the inherent qualities of the metal. Gold doesn't degrade over time, a bar of gold will still be a bar of gold 1000 years from now. It's scarce there's not a lot of it to go around and it's a lot of work to extract it from the earth. That's why it's been used as money for thousands of years, because it's value is derived from the metal itself. Gold is also valuable because it's needed in technological applications that would otherwise not work without it. That smartphone or computer your using need gold for it to work. And finally, gold is valuable as a form of jewellery, people like the way it looks on their body so they fashion it into rings and necklaces to enhance their appearance. That's why gold has been so profitable for buyers and sellers of gold all throughout history, because of the things you can do with gold, that's what makes it so valuable. Now can you make a profit from bitcoin? Sure, that doesn't mean it's a good way to make profit. You can be profitable as a hitman who murders people because you provide a service that someone is in need of. What service does bitcoin provide that's better than what we already have? It doesn't provide a better service, that's why nobody needs bitcoin to accomplish anything. Instead of buying bitcoin, buy gold. All bitcoin is is a bubble and eventually bubbles pop, and when it finally does pop there are going to be some heavy bag holders and there'll be no one left for them to dump their bags on.

>>49618591
that's pretty clos over that long of a time period you disingenuous nigger and if you knew anything about gold vis-a-vis inflation you know it is a late mover since people move to gold after they start losing faith in the banks/country/government/etc which is just starting to happen now. don't reply me to because i don't care you worthless scumsucker

>>49618525

In 1970 Gold was 35 dollars you fucking retard. It didn't unpeg until 1971.

In 2000 it was 250 dollars. In '2022 dollars' that is 424 dollars. Gold is over 1800 dollars right now. It has done a +700% since 2000 and OBLITERATED inflation. It beat the S&P500 too. Where do you get your bullshit data?

>>49618985
there is also a ton of credit available to anyone wanting to short gold.