/biz/ - Business & Finance

>>54013242
get ready to have it confiscated to maintain the price manipulation if you live in the usa since russia and china have so much of it and the precedent is already set that the government can take it from you when they want to.

Just how high can gold get?

>>54013457
$5k at least imo

DUDE. Shiny rocks.

two more weeks

>>54013600
Where else is there to go when banks, stocks, cash, and crypto are all collapsing?

>>54013641
real estate, land

or something else you can't print

>>54013242
Can't get anything over 2x leverage. Boring.

>>54013242
>just buy the top dude

>>54013600
Is this a pride rock reference?

>>54013743
>the top

>>54013300
This. all it takes is one headline from MSM about how "people who own precious metals are extremists wing terrorists" and your "Friends" and "Family" will rat you out for even a gold ring.

>>54013457
This is what it should have been nearly 2 years ago.

>>54013826

>>54013300
>>54013832
Kek, thanks for the laugh.

>>54013300
Will never happen.
1. All a gold confiscation decree would accomplish is that the gold would end up in a million holes in the ground.

2. The original confiscation decree obviously did not work, evidenced by the abundance of pre 1933 gold still in circulation.

Stack early and stack often

>>54013664
Real estate doesn't belong to you as long as you pay property tax. You're renting from the state

>>54014064
This is what poor people say

>>54014007
don't laugh at me I worked really hard on that, you should be scared right now

>>54013242
I has 5oz of XAU sers.

>>54013457
As high as the money supply goes, it will eventually go. So, if the money supply does a x4, it will eventually do a x4 to match it. This is because the price of gold is actually incredibly stable, and is not going up: the value of your money is going down because more money has been created to measure relatively the same amount of goods or services. You can’t create wealth by increasing the money supply.

To put it into a way your fat minds can understand it, if you take your pizza cutter and cut the pizza into more pieces, you still have the same amount of pizza, just your pieces are worth less.

>>54014500
stop paying your property tax and see what happens

>>54014670
What if more gold supply floods the market? I’m worried about the Ugandan gold stash

imagine if the bitcoin chart looked like that instead of what it actually looks like. people would have said it failed and would have moved on.
don't get emotionally attached to flawed narratives.

>>54014064
>Real estate doesn't belong to you as long as you pay property tax. You're renting from the state
This. My city just did a 2021 undated assessment at the height of the market. Fucking scumbags raised my property tax by $1600

>>54015259
Midwit cope

Nothing belongs to you, not even your own body. Go break the law and see what happens...

>>54015314
that's why gold has a glass ceiling, and why silver is ultimately worthless these days.
you only mobilize miners when the price goes up, and there's a lot of gold that suddenly becomes viable to mine.

>>54015440
Well silver is more valuable as a commodity. As money, it would depend on if total system failure happens. I can’t see that happening.

>>54015499
but gold is easier to validate in a collapse than silver, which would again leave silver out in the cold. it just doesn't make sense anymore economically.

>>54014500
ironically, this is also what poor people say as a deflection mechanism

>>54013242
Gorgeous cup and handle

>>54015611
now divide by m2

>>54015543
Silver is necessary for small transactions. An economy only using gold would be equivalent to today's system but only with $100 bills and no coins. No one would give a $100 bill in exchange for a few gallons of gas if they aren't getting change back.

>>54015674
thankfully today we have something called alloys

>>54015658
post one from 2000 - now

>>54015674
This. Silver is easier to denominate in smaller transactions. Even grams of gold are too expensive and too small to properly scale.

>>54015836
Yeah but that's literally the only start point where unproductive assets like gold/silver look okay.

The second you stretch out the time horizon even a bit more the numbers get absurd.

It also ignores how someone would invest over the time period.