/biz/ - Business & Finance

>>56101685
Gold physically exists.

>>56101685
Just like my bolt action sub 0.5moa .308 rifle is with more than anything he has since I can just shoot him.
The only universal unit of value is violence, once you understand this you might understand societal structure too.

>>56101805
violence has lost a large portion of its purchasing power in the digital age

>>56101821
If you go and look (and they won't let you look too closely) you'll find that all of the infrastructure running this digital stuff is protected by armed guards who are expected to be violent.

>>56101805
>universal unit of value is violence

Top notch edgy shit bro

>>56101685
More billionaires own Bitcoin than gold

>>56101805
Too bad the state has a monopoly on the legitimate use of violence, no profit for you

>>56101805
>The only universal unit of value is violence
ah shit i wouldve guessed food lmao go to bed andrew

It has some utility, like in niche electronics uses, but it's not as important as goldbugs believe.

>>56101685
They'd be scratching their balls when they find out people spend most of their day at work in exchange for pieces of paper that the government prints

>>56101805
Yes but then the cops would throw you in prison for life, lowering the probability you'll do this by a lot, but Buffet can just hire 10 ex navy seals to fuck your shit up and give a donation to the DA's office to not go to prison, so he has more probability to do it than you shooting him.

>>56101805
>The only universal unit of value is violence
no it's manpower. you are probably 17yo and drinking coke all-day

>>56101685
has this guy never used a computer?

>>56101805
>my bolt action
Your violence doesn't matter as much as everyone's. That's why the idea of land ownership is really an illusion. The military occupies the land and your use of it is delegated from them. IMO it made more sense in monarchies to just say the king owns it all, at least they weren't lying then.

Does this retard say the same about jewelry and luxury goods? Not to mention the electronic applications...

>>56102294
Yeah by the looks of it he wrote his website himself in vim: https://www.berkshirehathaway.com/

>>56101685
Gold is much better than Bitcoin
Gold has many usages
Bitcoin has none

>>56101805
>>56102251

No it's life, such as water, food, babies/women, etc...

>>56101780
So does bitcoin. The digital space is physical.

>>56105004
Grasping at straws

so then why the hell are central banks buying it at record pace these past years since right before covid? why the hell are all the mainstream media articles talking shit about it while people with large multi-million dollar fortunes buying and taking physical delivery of it at such a high rate that premiums on physical precious metals are completely blown up?
Something doesn't add up here with what we are being told to do and what the people telling us what to do are actually doing themselves. A little bit of that old "Do as I say, not as I do" going on here. Didn't this old guy make a massive trade on silver and make a ton of profit off of it a while back as well? What's the deal with people misdirecting the masses like this?

>>56101805
Spbp
/thread

>>56101805
Based Philosophy of Violence Enjoyer.

>>56104921
>47% jewelry
what a waste

>>56105644
jewelry is based if youre not a kike or a nigger with bad taste, fuck you.

>>56101685
Fixed supply, which is actually essential for true currency. The issue that Buffet has, likely because he is a two-faced piece of shit, is that he fails to recognize human nature within economics.

Kikes can't manifest gold out of thin air, can they? No, they can not. Their old alchemical bullshit is what got them killed and exiled from countless countries. They can't resist their nature, which is parasitic.

The value of gold is that it can not be replicated. Same as Bitcoin. Kikes fear a return to this style of system because they have built generational wealth exploiting the fiat currency scheme. Buffet also built his wealth by gleefully joining the kikes in their endeavor to steal from the public.

>>56104921
>>56105644
>>56105842
he's right, you faggot retard

jewelry is 100% completely useless outside of "oh look how much money i have, i can even wear it"

dumb niggerbrain zoomer

>>56101685
>dementia patient says things
who cares about this kike grifter

>>56101685
>How is this any different from buttcorn?

it doesn't matter. lots of people are willing to pay 5 figures for bitcoin now. rich bastards like buffet are always looking where to put their money to get maximum gains, i.e highest specualtive potential.

That's why should acquire Energon instead, since it has functional utility unlike gold or crypto.

Legendary investor (me) said of fiat: "(It) gets cut down from trees in the Amazon or someplace. Then we chop it down again, dig another hole, bury it, and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

>How is this any different from stonks?

>>56101910
"legitimate" only because they define it as such, and they get to define it as such only because they possess the capacity to inflict so much of it. but yes.

>>56101685
You can't carry around 5 billion dollars worth of gold in your pocket. Are you really this stupid?

>>56101805
you have to be 18 to post here, faglord.

>>56105979
Therefor its not useless, dumbass

>>56106244
But gold also doesnt lose 10% of its value in one day

>>56101780
This will never not be a massively retarded argument.
Information isn't physical and it's valuable.

>>56104921
>many uses
>only lists one use
>it's not even an inelastic good in that industry anyways
lol

>>56106903
It lists several uses, dumbass

>>56107620
No it doesn't. It only lists one use.

>>56107625
retarded ape

>>56107643
Not an argument.
Concession accepted.

>>56107646
Yeah, your concession of being a dumb ape

>>56107663
>no argument again
Concession accepted again.

>>56107665
Just fuck off already, nigger

>>56107672
Industrial use is a single use.
Concession accepted. Good to see that even when you tried you couldn't actually come up with an argument.

>>56104846
>https://www.berkshirehathaway.com/
now this is based
imagine your almost 1 trillion dollar company website looking like this

>>56107681
Will you ever fuck off?

>>56107695
Medical use is industrial use. Industrial use is a single use.
Concession accepted again.

>it's a store of value!
Why exactly would you want to *store* your value instead of using it productively?

>>56107700
>it's a store of value!
It hasnt' been a store of value for the last 12~ years.
Anyone who held gold has lost money.

>>56101805
That’s retarded. Control is value. You mistake violence for value because it gives you control in a very narrow way.

>>56107699
I accept your concession, that you are a retarded ape

>>56107722
Medical use is industrial use. Industrial use is a single use.
Concession accepted again.

>>56107726
Keep talking to yourself, ape

>>56107741
Again, industrial use is a single use.
Concession accepted.

>>56101685
Didn't Munger just last year talk about how inflation is the greatest threat to mankind since it brings about authoritarians?

>>56107751
retarded ape

>>56107765
You are only listing a single actual use again, sorry.
Concession remains accepted.

>>56107767
>jewelry
>industrial
>medical
>electronic
>aerospace
>dental
>glass

>>56107808
>jewelry
Not a real use.
>medical
>electronic
>aerospace
>dental
>glass
This is all industrial use.

A single use. Concession accepted.

>>56101685
>(It) gets dug out of the ground in Africa or someplace.

by this he means

> taken out of public circulation and confiscated to be stolen at a later point while ignoring FOIA requests for audit results.

>>56107816
At this point, you're nothing but a liar
And I bet you're proud of it

>>56107821
>back to the no arguments
Concession accepted.

>>56101685
I has utility as money, a tool, through is physical properties, its scarcity. Its like oil or lumber. They "do nothing" except when a person uses Them. They have unity just like gold because it can be used as fuel or for buildings or as money.

Money is part of most economic transactions on the planet. Money is without a doubt the single most useful economic invention in human history. There is really nothing more useful than money in terms of frequency of use. And gold is the best money that has ever existed. Most of the civilized world has been in steady decline since the USA treacherously broke the gold standard. All other money (except silver) is a scam. Buffet made most of his fortune riding on the post-gold standard scam economy. So of course he doesn't like it.

>>56107830
There is no point argueing with a liar

>>56107882

sure there is. namely, to demonstrate that they're a liar.

>>56107882
I j-j-just d-d-don't want to argue!
Concession accepted.

>>56107882
>I j-j-just d-d-don't want to argue!
Concession accepted.

>>56106832
Whoa! Ok Foucault, post modernism much brah?

>>56107914
Fair enough. I guess I managed to show that

>>56107741
Window defagger will be the play 2025, god being based again.
Oh wait, defogger? That’s not an application. STUPID GOLD!

>>56107948
You sound upset that you can't form a rebuttal about it.

>>56101780
How do you know FOR SURE it ACTUALLY physically exists though?

>>56101685
He's lying.
Gold has utility that plebs aren't allowed to know about.

>>56101685
Warren Buffett is a crook and a tax cheat. He does not want gold or any other tangible as a standard because he loves currency manipulation and the printing of unbacked money. It keeps his stocks up and gatekeeps the working class from becoming more entrepreneurial.
I say seize Buffett's assets, liquidate them, burn the money, do not replace the money, and establish a multiple standard system for currency with gold being the premier.

>>56101685
because he got lucky with other things he shits on gold
warren buffett is an old fart that will die soon and I wouldn't exchange lives with him even if he gave me all his wealth

>>56107974
And you sound like a robot retard midwit that can’t take a joke because you don’t get the reference and you’re first instinct is to protect yourself by being aggressive because you’re insecure about your own intelligence (and that’s a good thing!)

>>56101685
This is why crypto is the future. I can pay with crypto via my CryptMi card, which I can't do with Gold and others

>>56107808
Thanks for listing it out
>>56108927
I also use that card for payment but don't look down on Gold because it's useful in different areas of life

>>56108352
So no argument, got it.

>>56106040
*dementia patient CIA sock puppet

>>56101685
that is why central banks are buying gold and telling the poors they don't need it. Old man is just a shill who will dead one day and no one will care. There are many many people richer than him, they buy and old gold, and a variety of other assets for diversification.

>>56106040
This. If I would be blocked from doing most of the moves that made you successful because all the rules and regs have since been tightened to prevent the next scumbag like you from coming along and running the same grift, I'm simply not interested in your opinion about Finance or Business or anything else.

>>56106832
This is a hilarious argument, very clever because you make it seem like information is a store of value lol
Information can be false, expire with time... also we're talking about a metaphysical facet of humanity which is communication... money is not communication, it is physically real lol it's jewellery or necessary for CPU production or making solar panels or making electric vehicles etc...

>>56101805
GOD BLESS THE UNITED STATES OF MUTTMERICA
IN WALMART WE TRUST

>>56109205
Based Chad. They both have their uses differently. Gold has its own market which investors benefit from. Same as crypto which comes with diverse utilities, from Defi to Web3, NFTs, Metaverse and others. Personally, it's the Motorverse that caught my interest as it's changing the narrative of in-car entertainment in all car brands and models.

>>56105004
Fake and gay faggotry. Gold for the win. Silvers a decent second.