/biz/ - Business & Finance

>>52685947
Ok zoomer.

No muh heckin mining

>>52685947
You can make heckin cute dangly earrings and bellyrings out of it. That gives it the value of $1800 an ounce.

Call me schizo, but gold aint like the other metals
Soemthing weird happens in your brain when you have shinny coin in your hand

>>52686224
the fact that it doesn't tarnish, show any sign of age, makes that scientific fact, not schizo.

>>52685947
A story that is over 3000 years old and deeply embedded in the myth, folklore, legends, songs, poetry, fables, literature, movies, metaphors, and maxims of every culture on earth. But, ya, just a story. Baca.

>>52686224
yep and doubly so for an old coin. Literally holding history in your hand

>>52685947
To a drowning man the desert is salvation, to a thirsty man no price can be too high for water, but what of he with an abundance of all? For that there is gold.

>>52685947
gold is backed by gold... idiot.

Gold and silver is God's gift to man in the form of real money. Harmonic resonance, material of the stars. Cannot be created or destroyed. Divisible. Verifiable. Kills kikes who worship Satan through usury, fiat, debt slavery evil corruption of God's civilization.

>>52685947
It’s malleable, more rare than most metals, good conductor of electricity, and doesn’t corrode. You can’t say this about most rocks.

>>52685947
>muh crypto exactly = gold
>actually, muh crypto is actually better than gold,
>because
>muh something something
>ok?

>>52686224
This

>>52685947
>>52685947
Gold is backed by the 10^9000000 gigajoules of energy released during the supernova event that creates it.

Far more wasteful than Bitcoin!!!!

>>52685947
>OMG GUYS COMMODITIES ARENT BACKED BY ANYTHING
>SHORT OIL

>>52685947
But op what if you have smelting and manufacturing equipment
>>52687125
Silver and copper does the same

>>52685947
gold is human history.
fiat is a jumped the shark episode.

>>52689014
>silver and copper don't tarnish
Retard. I'm going to assume you don't own any silver, which turns black if it isn't kept innan airtight container.. But copper pennies, dude? You seriously typed that with a straight face?

>>52685947
>everything must be baked by something else
Sometimes things have value on their own.

>>52687441
Imagine *all* your money tied up in anything non-physical after a Carrington tier solar storm event. Widespread outages of the net until infrastructure can be repaired and connections restored, and no way to actually get to your digital funny money. There's a non-zero chance of this occurring again as well, so it's just a matter of time, and we've got much more reliance on electronic communication than when people were running telegraphs.

>>52685947
BRICS wise it is and if OPEC joins in, then the petro-dollar fucked.

>>52686008
He's a jew not a zoomers
>t. zoomer

>>52688061
Underrated kek

it's basically impossible to counterfeit retards and it doesn't decay, that's why it has value as a currency

The only thing that will destroy the value of gold will be core mining or asteroid mining, and if we're at a tech level where we can do either of those trivially, we're post-scarcity at that point anyways.

>>52685947
>doesn't know his processor needs gold. fucking low iqers i swear

back couple hundred hears ago, their were gian creatures on the earth
giants
dragons
all sorts of shit
big catastrope most of the giant shit is turned to stone
blood in capalaries condenses and tearns into quartz veins
hens the word vein

blood pools in bottom extremeties and forms gold
back then there was much more gold in the envoirment thus the minerals in his blood had gold

giants petriefied and turned to rock

funny aint it

https://youtu.be/eT0Y46-eNgs

>>52687209
>gold is backed by gold... idiots.
ftfy

>>52689513
Kek.
>This guy has a giants feet fetish.
I love these kinds of videos. Wish I was such an enthusiastic hobbyist, too.

>>52685947
Its backed by the fact you need it to make certain items dummy.

where to find gold in the nature? i want to make the gold things.

>>52685947
So?

Gold is backed by the utility of gold
It's an excellent conductor

1 GLD = 1 GLD

>>52689330
government would hand out food etc thru the military and post office till shit got fixed. enjoy your gub'ment cheese for a few months and of course contractual obligations (rent etc) would be frozen legally like during covid. stop jacking off to the road warrior.

>>52685947
It has intrinsic value in the form of jewelry. Try again.

>>52688061
actually a pretty solid argument

>>52691139
>Graphene blocks your path

https://www.minds.com/groups/profile/1201319258750164992/feed

It's backed by Dragons
And 20,000 years of violence

>>52685947
it takes human work to get the gold out of the ground and into a coin/bar
gold is stored human labor
gold is also used in real life, so it is relevant, unlike crypto

>>52689038
debt has existed longer than gold. gold currency is in fact a debt bt the guy whos face is on it

>>52685947
>Another Gold Fud Thread

Whats going on lads?

>>52691257
>government will just fix everything
Lol ur gonna get double raped by raiders within 15 minutes of a Carrington

>>52685947
maybe, but you know what is backed?
your moms pussy, by my dick

>>52687173
Yeah most people don't pay much mind to those old stories. That's the problem