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/biz/ - Business & Finance

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File: 1.49 MB, 2074x1383, bullion.jpg [View same] [iqdb] [saucenao] [google]
56854900 No.56854900 [Reply] [Original]

Why do people value big hunks of metal that do absolutely nothing? I see e-coiners getting shat on for trusting 1s and 0s, but the way I see it, it's the same deal with metals. People that produce stuff create the actual value, like bakers or carpenters.

>> No.56854927

>>56854900
because historically the gold mines were owned by monarchs and they wanted to pump their own bags. it's only been a hundred years or so since leaving the fake and gay era of shiny rocks, we still have bagholders clinging to it

>> No.56854934

Utility is value, and proper money is far more useful than shiny rocks for factories

>> No.56854961

>>56854900
> Do nothing
> Is casually used in aerospace, electronics, metallurgy, jewelry, luxury, medicine
Dilate

>> No.56855041

>>56854900
>want to buy something in 6 months
>be baker
>bake bread
>put in closet
>6 months later
>bread is rotten
>lost all my money

>> No.56855087
File: 459 KB, 1021x1024, the-meme-that-ended-SETF.png [View same] [iqdb] [saucenao] [google]
56855087

>>56854900

>> No.56855101
File: 1.55 MB, 955x2142, evolution-of-money-bitcoin-silver-barter-shitcoins-v5g.png [View same] [iqdb] [saucenao] [google]
56855101

>>56855041
>>6 months later
>>bread is rotten

>> No.56855168
File: 61 KB, 500x544, bullshitmarket.jpg [View same] [iqdb] [saucenao] [google]
56855168

>>56855087
I bet you invest in Enron after 9/11.

>> No.56855267
File: 36 KB, 640x260, 382a80561fb553ef8439f41d3080d3ec2f152e1eb3ba6d45efcef0ee5c6ede14_1.jpg [View same] [iqdb] [saucenao] [google]
56855267

>>56855087

>> No.56855360
File: 123 KB, 650x527, 2moreweeks.jpg [View same] [iqdb] [saucenao] [google]
56855360

>>56855267
>14$ in 2010, 14$ in 2023
>0.001$ in 2010, 40,000.000$ in 2023
>the first option is w-winning!
holly mother of all copes!

>> No.56855433
File: 217 KB, 1200x675, exter.png [View same] [iqdb] [saucenao] [google]
56855433

>>56855360
Remember, one asset is ultimately just numbers on a screen. The other is required to make electronics. No crypto without PMs. Once you realize this, there's no going back.

>> No.56855467

>>56854900
let us know when bitcoin becomes useful for anything other than scamming retards and transfering money slower than from bank to bank (and more expensive too lmao)

>>56854900
gold is used in high speed circuits, though.

>> No.56855505
File: 427 KB, 500x701, silver-SETFclock.png [View same] [iqdb] [saucenao] [google]
56855505

>>56855433
>one asset is ultimately just numbers on a screen.
*buys a ship for the "numbers on a screen"*
heh, nothing personal, kid

>> No.56855512

>>56855101
Ironic how this meme admits that BTC is just a tool to get more money: Gold and silver.

>> No.56855515
File: 590 KB, 1350x1576, silver-bullet.png [View same] [iqdb] [saucenao] [google]
56855515

>>56855467
>let us know when bitcoin becomes useful for anything
it made people into millionaires and billionaires
seems you missed the boat
fag

>> No.56855546
File: 2.86 MB, 640x360, 1675486602913574.webm [View same] [iqdb] [saucenao] [google]
56855546

>>56854900
BASED

>> No.56855553
File: 581 KB, 1000x510, bitcoin-2012-2017-2021-x20gains-metal20.png [View same] [iqdb] [saucenao] [google]
56855553

>>56855512
>Ironic how this meme admits that BTC is just a tool to get more money: Gold and silver.
if that is what you want, Bitcoin can grant you that
or can grant you anything else (that has a price)

ironic that the WORST way to get gold is to buy gold (first)

>> No.56855575

>>56854900
>big hunks of metal that do absolutely nothing
Gold and silver have industrial uses and they're useful for jewelry. But you're still sort of correct: they appear to have a lot of market value in excess of that. Why? Gold is used in central banks' trade with each other and there's a chance that gold and/or silver will be used as money in the future.