/biz/ - Business & Finance

this is bullish tho

>>54213707
Kek

>>54213707
Buy high sell low, anon

>>54213707
the entire scheme that the fed has been pulling requires FIAT to work. the entire economy depends on it. i would wager a less than 5% chance they actually switch to gold standard

>>54213707
ok boomer

Bitcoin is 1000x better and can be sent over the internet without a middleman.


Gold is not cleaner.

>>54213723
wait until you see the price of eggs

>>54213707
>back to gold standard
should say CBDC introduced instead

>>54213792
you’re not prepared to survive a weekend without power

>>54213815
that will only be for the citycucks eating cricket flower in their pods. you do live outside of the cities, right?

gold is to btc as horses are to cars.

>>54213906
that’s funny, I don’t see anyone stamping gold logos on physical bitcoins to imply their inherent value

>>54213854
>Le based rural tradcon
Surely all of the obese old fucks and opioid enjoyers in rural Missouri will be fine

>>54213813
DID SOMEONE SAY EGG
WHERE IS EGG
IM HUNGRY OF EGG
WHERE
IS
EGGGGGGGG

>>54213707
what do you call a goldbug being fucked by an austrian and a keynesian at the same time?
>an idiot sandwitch

>>54213723
no it's not, we're at the top of the green

>>54213936
No one cares what stock photos the media uses to portray Bitcoin to retards.
>>54213906
Horses would make an epic comeback in an apocalypse scenario though. You could still transfer Bitcoin over simple radio waves.

>>54213906
>sun flare emp
Oopsy woopsy!!!! All of your 1’s and 0’s currency is gone!!! Sorry about that! Teehee!!!!

>>54214453
>You could still transfer Bitcoin over simple radio waves
I have never read a more retarded sentence. You think ol hickory bill down on the dirt road will be interested in selling you cattle for some radio waves? Delusional and never talked to a regular person in your entire life.

Gold has been used as currency and store of value since before the beginning of civilization you dumb faggot

>>54213839
Venezuelans could while keeping BTC working

>>54214513
Bitcoin's already been transferred without the internet. Look it up.

>>54213707
With what gold? Are they going to confiscate it like they did 100 years ago?

LOL, LMAO even

>>54214566
I don’t give a shit if it’s theoretically technically possible, think with your fucking brain and try to imagine a 70 year old cattle farmer wanting to barter with you for your faggot little fake radio waves

I swear to god you fags do not have the capacity for independent thought and deductive reasoning. Must be third worlders

>>54213707
Oh look you made it technicolor. That's very convincing, but the gold standard is still your jerkoff fantasy

>>54213707
You realise that for them to introduce gold as the std again they need more gold then there is on earth right? Gold would be worth 1 million a fucking once and that ain't going to happen

>>54214663
Yeah, how will old people adapt to technology! Technology is so new that no old people ever have had to learn and use new technology!

You fucking stooge lmao what a retarded mong brain take

>>54215081
>”instead of using a currency that has existed and been used since before the dawn of civilization, everyone will trade with le epic magic radio waves!!!!”
Dude you honestly do not have two fucking brain cells to rub together if you think anyone will give a single shit about your internet money after the lights go out. It must just be one of those weird nerd power fantasies where the pathetic kid who got bullied his whole life imagined an alternate reality where finally he’s the one in charge. Go to the gym and build your confidence

>>54213707
kek
i love it
btc fags be mad cuz they know it true

>>54214953
He doesn’t know

>>54213707
They were ahead of their time

>>54214620
>

>he thinks the government is just going to wake up one day and start being responsible, go back to a collateral they do not control and have their fiscal policy be limited by taxation

>>54215404
they don't have a choice
the BRICS are creating a superior commodity-backed currency
they need to be able to compete

>>54214524
You’re not resourceful like a thirdie and you don’t have a large community like them

>>54215440
Neither do them, if they had their country wouldn't be Venezuela

>>54215415
no they don’t. they just need to buy up everything worth having before the currency collapses. after that you’re on your own.

>>54215487
most of their problems are from US sanctions

>>54215487
Lot more complicated than that

>>54213707
The US government cannot be trusted to not devalue gold certificates

>>54215144
Imagine thinking anybody will care about gold or silver when "muh lights go out"

Hahahhahahhaahha Jesus Christ you're a fucking retard

>>54215144
>>54214663
I imagine you're one of those ten guys who bought the gold suisse bar from Peter Schiff and I'm imagining you trying the break off the one gram pieces while bartering with your 70 year old cattle farmer and it's mildly amusing.

>>54213839
Can you prove your gold is gold without power?

>>54214663
You dumb fucking mong. If old Jim Bob wanted gold for his cows, then I'll trade my Bitcoin for enough food to make his old ass happy. The future is digital not fucking Amish.

>>54215753
You mean like they did before we even had electricity. You're not very bright.

>>54213765
yeah we're not going back to gold standard kek. They already worked hard to get us off it, no point in handicapping themselves

>>54215830

>>54215830
of course

>>54215753
Why do people post stuff like this? Yes obviously people would give a shit about gold and silver if the entire grid got taken down. That would unironically be Gold and silvers ideal use-case. Are YOU retarded? The argument would be the likelihood of that ever happening long term which is relatively unlikely although possible.

>>54213839
my man is betting on a solar flare so his pet rock is worth anything again

>>54215830
What a A touchstone? Alex.

>>54213707
So basically I just have to time the market?
Easy peasy

>>54213707
Bitcoin is backed up by decades of mathematics, cryptography from academia and the technology will evolve to the demands placed onto it by quantum computing it's a better system than the one we have and better than pushing for gold backed federal reserve electronic credits.

BTC has a limited supply it's honest money

>>54217698
ain't nothin honest about magic internet fairy dust

>>54217698
>trust the new fiat goy

>>54215332
Literally a fraction of what is in circulation

LOL

>>54216137
In what world is anybody going to test and verify that what you have is gold when tangible, scarce, and declining existing and useful things, like bullets and guns and seeds, exists?

I don't give a fuck if you have a big ass pile of gold you fucking retarded faggot. I need capacitors to repair my crank radio. You don't have any? I'm shooting you and taking your retarded gold and food.

You metals retards can't comprehend asymmetrical bartering.

>>54215332
Zoom out

>>54217698
>cryptography from academia and the technology will evolve to the demands placed onto it by quantum computing
In other words, if quantum computing becomes feasible Bitcoin becomes obsolete and gets replaced by QuantumCoin with actual quantum cryptography. BTC goes to 0 in scenarios when technology sucks and in scenarios when quantum computing take over

>>54217418
Good luck

>>54215415
going short on commodities is dumb
so using them as collateral is a horrendous idea
gold worked as collateral because it was mainly used for it

there won't be a commodity-as-collateral because
>countries that produce those won't go short on it (borrow the currency against their own produce)
>tying money to a real supply/ demand dependent on external factors is a recipe for disaster

nobody on BRICS is suggesting this idea
you made it up

>>54214663
>third worlders

No. Third worlders are smarter than them because they've seen actual scarcity and don't have the luxury of believing in magic techno bullshit when there's good to put on the table.

These people are a product of modern society. They are worthless, unintelligent, and isolated enough to where they don't attach to everyday people, but they feel like they are superior, even though they're nor, which is why they say the dumbest shit you've ever heard.

Don't worry. They're going to lose all their money b ndnwere going to laugh. It's just going to be a long process for them, it will be painful. They're already down 60% for example and there still out here every day shrieking at all kinds of bystanders.

>>54214953
That's exactly how it's going to happen. The banks will set the price of gold at an amount that wil cover their debts. That's literally exactly what's going to happen you stupid moron. However this wil be in about ten years. In the meantime gold will keep going up (and holding) its value, which is something no crypto will ever do.

>>54215332
Imagine thinking a bank would want to buy a crypto after it has run up as far as it has, and exchanges are going bust left and right, and conman after conman is getting caught.

Stupid. You might as well go on reddit and be a tyranny. Which is what most crypto cultists are. Mental trannies.

>>54215487
They were able to keep their system together because of the propping up from the American system. Wait until ame4ica is unable to support all of these global dependents. You have no idea what's coming and it's probably much too late for you to learn. You'll have to go through it step by step like all the normies and learn as you go, every painful step of the way.

>>54215799
That's exactly how it will go. The coin-op in my town will buy scrap silver. In fact there's five places in my relatively small town i can sell my silver for, whatever form I have it, for spot price.

You're retarded.

>>54215852
Your bitcoin will be worth a lot less than it is now. It will still exist but it will be much lower.

>>54216137
Because they're retarded products of modern society where they don't have to think longer than a year and have a terrible understand of history, even recent history.

They were probably sat in front of a TV as kids and given lots of videogames to play from parents that never spent time intellectualy stimulating them and so they found the internet as a replacement. They've never traveled to a third world country and think food will always be at the grocery store and that "they're right because le smart internet people said so".


Meanwhile they can't even explain basic concepts like what is a market cap? What is price to earnings. What is a moving average. What is a balance sheet.

SURELY PANCAKE COIN WILL MAKE US 4ICH!

>>54217698
Retarded. You can acknowledge this but then ignore gold and silvers several thousand year history which has never really stopped, only in your modern first world country in the last thirty or so years.

You don't have an internal monologue and you are not a human.

>>54215415
Brics is bunch of nonwhites, are you retarded?

>>54213707
SOCIETAL COLLAPSE INCOMING!!!

>>54218532
In modern shit hits the fan situation you want fuel, lighters, bullets and meds

No one gives a fuck about boomer rocks

>>54218572
SOCIETAL COLLAPSE INCOMING!!!

>>54214489
>if this one catastrophic event happens my rocks will be valuable
>even though said event would cause civilization to revert back to the early XIX century whilst lacking all of the infrastructure of said time period
>I wouldn't even be able to move my rocks

>>54213707
The gold standard would never be reimplemented because it has numerous drawbacks and government's have become addicted to printing.

Additionally, they can still seize your gold as they did with Executive Order 6102, so gold has no value compared to BTC.

>>54213707
the gold standard was a colossal failure, retard

>>54214489
>hurr even which would wip out inttanet and most of civilzation brake bitcorn HURR

>>54218673
wow good arguments nerd
not

>>54213707
SOCIETAL COLLAPSE INCOMING!!!

TAKE ALL YOUR MONEY OUT OF BANKS!!

MAX OUT YOUR CREDIT CARDS

BUY EVERYTHING PHYSICAL YOU CAN!!!

USA SOCIETY IS COLLAPSING!!!

>>54218532
Executive order 6102 meant the US seized all gold. Soon thereafter they manipulated the price of it, so everyone who had to hand in their gold for cash was then poorer.

Good luck trying to convert gold or use it if they do the same again, you'll be arrested.

Goldbugs actually wish for a solar flare to wipe out all technology, for this is the only scenario in which gold beats bitcoin.

>>54218695
wow good comeback retard
not

>>54218712
Funny thing is, a solar flare would be unlikely to wipe out every device, so BTC would still exist on several nodes, many of which are in underground areas and able to withstand such an event.

>>54218686
Only when bankers changed the rules

>>54218725
Hell, it probably wouldn’t have broken after WWI if they hadn’t foolishly demonetized the supplemental silver money earlier

>>54218673
The Chinese government has been buying gold en masse since a few years ago. They're probably planning to back the yuan with gold. Not saying it's a good idea, just pointing up that fact.

>>54218823
That's because they're a government. Individuals holding gold is pointless, just pointing up that fact.

>>54213746
You know that ain't happening this time, I gotta admit 15k seems to be the ATL for this bear market, oh I'm in profits if it goes below I still slurp ain't here to cry my eyes in regrets nah not my thing, just going to keep DCAing, staking GMX, RIDE, Aero, CNS, and many more as it comes

>>54214663
I don't hold BTC but what you are saying doesn't make any sense. In my country you are not even allowed to make cash transactions above a certain limit and you have to do it through internet banking ;).

>>54218873
The governments buy the gold as a reserve, in a sense it is still money amongst governments. It also gives legitimacy to their currency, even if it's not explicitly backing the currency, it makes people trust it more, especially those who don't understand the fiat system.

>>54218440
Third worlders are the first persons who are going to use digital currencies. 10 Years ago they already used prepaid mobile-phone minutes as a currency.
https://www.economist.com/finance-and-economics/2013/01/19/airtime-is-money

The West will be the last to replace their legacy systems, simply because its working quite well.

“By the end of 2020, 495 million people subscribed to mobile services in Sub-Saharan Africa, representing 46 per cent of the region’s population – an increase of almost 20 million from 2019.

>>54213765
it wont be the Fed's decision, it will be china/russia/india/the rest of the world dumping hte dollar and refusing to take it anymore a spayment because its worthless trash.
USA will have a chimpout moment but they will be forced to adhere to new realities

>>54213707
i love seeing goldcels seething this hard.
cope, seethe, stay poor.