/biz/ - Business & Finance

>>9619806
how do you day trade when you're not enough of a cunt to shill?

>>9619806
Top KEK. Can you provide further wisdom please.

>>9619806
Of course stocks are in a bubble. You retard millenials with your (((high IQ's)))) actually think that 0% interest rates are normal.

25 years ago if you had told someone we should have 0% interest rates or that at some point we would have 0% interest rates (much less for a decade) you would have been put in a straight jacket and thrown in a mental institution.

Crypto is fine to be in but YOU MUST have silver and gold too (real money). You dumbass millenials don't understand that gold and silver shall be legal tender was put in the constitution for a reason... to keep the Jews from confiscating all our wealth through inflation like they do now.... which is why "income inequality" is a thing and it's unironically half the reason you are in crypto, because the dollar is failing.

When the deflationary collapse of al asset prices hits... you are going to wish you had gold because it will be the most massive transfer of wealth in human history. Which is why china, India and Russia have been accunulting record tonnage of it.

Soon enough... 1oz of gold (converted to the new currency) will buy you a home outright. Only way to purge the debt from the system is to revalue gold much higher than what it is today. Crypto will be currency but gold is money. Crypto doesn't solve the debt problem. Gold does

>>9619943
Read my post above you brainlet millenial

>>9619999
Oh shit the cranky gold boomer is in here

>>9619999
Hey, nice quads
anyways, I have no knowledge on this matter but if you say 1oz of gold could potentially buy you a home, wouldn't it be worthwhile for scientists to artificially create gold? like they do with diamonds?

>>9619999
classic boomer cope

>>9620074
Umm, no?

>>9620074
No.

1oz of good won't be worth a home. As cash becomes worthless, non-cash assets in general will become worth greater and greater amounts of cash.

>>9619999
grandad eat your pills or I'm gonna hit you with soap in a sock again.

>>9620113
You can buy 4 months worth of food with ONE single ounce of silver in Venezuela right now on the black market and 1 ounce of gold buys you a home down there

>>9619999
How does gold solve the debt problem, but not something like Bitcoin, if you see it as a store of value instead?

It has the same properties as gold in an economic sense. It cannot be recreated and is very scarce. You can base other crypto's on it and build as 100% electronical eco-system, which is also an inevitability as we move away from the physical realm and closer to the singularity.

>>9620096
Boomers don't own gold dipshit. Real Americans owned gold before the boomers. When they weren't brainwashed by Jew propaganda like you NEETS are.

You literally market crypto as the "new gold" but at the same time you are anti real actual fucking gold. It defies logic. Public school niggers make you idiots look like geniuses with that kind of thought process.

You stupid niggers don't realiZe people are fleeing to crypto in part because there's a problem with fiat... not gold. If gold backed the currency then there'd be no issue with fiat and the dollar would be...... as good as gold. Just like it used to be.

>>9620145
Your Pepe the frog memes aren't real actual frogs right?

Bitcoin doesn't have the same properties as gold because it's not real! Gold is a unit of labor... and real tangible physical wealth. Bitcoin is just a bunch of electrons running around on a circuit board inside a computer. It doesn't represent shit.

You can have crypto... I'm not anti crypto but you need real gold too. China is moving towards crypto.... but they also stack gold like no other. If you think there isn't going to be a relationship at least in part between the two you are out of your mind.

>>9620145
The only way you can solve the debt problem is revaluing gold and in effect making good all prices... whether tv's or a lambo.... all gold prices.

>>9620145
Also...bitcoin is the opposite of a store of value. And is losing market share and nobody even spends it. How can you make prices of things in bitcoin?

>>9620113
And... yeah just like now... 20$ used to be a good weekly salary yet today 20$ barely buys you a beer and a cheeseburger.

Sooner or later the paper is completely worthless

>>9620074
The cost of the nuclear reactions needed to do that would far outweigh the price of gold.

>>9619806
Should DGX be the new global currency in that case?

>>9620167
It is real, what are you talking about?

Everyone is buying crypto and gold to hedge. Of course you're not going balls to the wall on Crypto, if there's a 15-20 year period where fiat is replaced by gold.

But if you think about it, you do not need anything tangible in this world as you know it. All of these mechanism can be perfectly translated into an electronical form.

This is a perfectly normal and reasonable assumption if you look at how the world is evolving.


Give me a reasonable argument as to why you need something tangible. "Unit of labour" is already mimicked by the Proof of Work algorithm.

>>9620205
>>9620192
>>9620174
>>9620167
>>9620152
>imagine being this retarded

>>9620174
See >>9620219

>>9620174
You can do the exact same thing with whatever thing that can resemble gold.

>>9620192
Never said it was, I am coming from the point that it CAN BE USED as a store of value in the same sense that gold can, as it shares the same values, except tangible (But I already explained why tangibility doesn't matter to other people than brainlets who needs to SEE something, as they cannot wrap their heads around abstract ideas)

>>9620227
Except for the case a CME/EMP/Solar flare wipes out all of our electrical grid, in which case if you've watched the show Connections, I'd rather die than live without electricity knowing how much easier life is with it.

>>9620277
I agree. That is a potential risk to our world in general, not just crypto.

However, with technological advancement (There is already EMP-neutralizing concrete) this is not a problem.

I know this is in the future, and no one knows the full consequences of a large solar flare or the like. So I do agree, should it prove impossible to defend the earth against natural catastrophes as such, crypto currencies as we know them, would see themselves defeated by non-electronic equivalents.

>>9620227

Nonsense. Just look at this thread. It's 90% anti gold. Of course there are some smart crypto people who've made good money and convert to gold and silver. But that's def not what your typical crypto investor is doing.

Some of these idiots will post their crypto values and bank account values and some of them are like 400k crypto 5 k in the bank and absolutely zero precious metals. In those threads where people ask what their values are you might have 1 anon who has like 20k in gold 100k in crypto and 10 k in the bank.

Look... if you don't want something g tangible and live in a make believe world only that's fine. I get it... crypto is being adopted.... but you aren't looking at the big picture.

Like I said... china, india, and Russia and even Jew central banks are accumulating gold in record tonnage. They are doing that for a reason.

>>9620255
Lol except gold has been money for milennia and an ounce of gold 2,500 years ago still buys you the same amount of shit today as it did before Christ was born.

>>9620255
Nonsense ... bitcoin is a POTENTIAL currency... but it is NOT money. Gold is both currency and money. Now obviously we aren't going back to transacting in gold coins but it is still money.

Here's a simple question. If you had to put all of your current wealth into either bitcoin or gold... and take a time machine 150 years into the future. Would you put it in gold or bitcoin???

>>9620229
Yet you have no arguments against my based logic.

You people are literal retards. You market crypto as the new gold while being anti real actual gold. You think gold is bad and don't even understand that fiat is failing because it isn't backed by gold. Gold isn't the problem, fiat is.

Like I said... your guys' logic literally makes public school educated niggers look like geniuses

>>9619999
die of old age peacefully in your sleep brainlet

>>9620167
>the labor in mining real gold means more than the labor in mining bitcoin because bitcoin is just electrons
what the fuck am i reading
not even a corecuck/btrash fanboy, but holy shit you're either retarded or desperate for your gold bags to not be obsolete

>>9620229
You fucking stupid ass nigger millenials are literally the only humans in history who have been anti gold.

And the irOnic part is... you hate fucking jews... because they are fucking up the economy.... yet you are so brainwashed you don't even realie they have been able to fuck up the economy because they've brainwashed you into being anti gold.

You hate Jews... yet their anti gold propaganda has allowed them to use you into fucking up the entire world economically to their benefit.

>>9620456
Gold will never be obsolete you braindead nigger.

How fucking retarded are you idiots???

Literally half the reason you are in crypto is because the dollar is failing BECAUSE IT ISNF BACKED BY GOLD and we have massive inflation because of it.

If you don't want to buy gold that's fine. But you can't be that fucking STUPID to realize that crypto becoming a thing has nothing to do with gold and everything to do with fiat.

I'm not anti crypto but you are fucking retarded to be antigold when there is no fucking reason for you to be. It's been a store of value since before fucking Jesus Christ and sto is today...doesn't fucking matter if bitcoin is here or not.

It's real tangible fucking real wealth. Gold is fucking real actual
Savings!

>>9620436
next year you gonna shill buying shells

>>9620487
your gold will lose value when the space miner robots start extracting asteroids and your gold will worth as much as a oz of sand.

>>9620509
And your bitcoin is going to be worthless when bitcoin cash is used in transactions.

You fucking absolute braindead fucking niggers that think gold will be worthless.

It's like you fucking self important morons think life on earth started when you were born.

And still nobody can answer the fact that china India and Russia have been accumulating thousands of tons of gold for a decade now. I bet they are just doing that for fun.

The fact that you idiots are the first in history to be anti gold just proves how fucking amazingly the Jews have programmed you with their propaganda. Then you come here yelling about Jews and you don't even realiZe how they are fucking you!

>>9619999
Peter please go

How can I buy gold or silver when the jews selling that metal do it at 20% premium or something.

>>9620657
Lol what? Gold is $1,300 right now premium is like 30$-60$ over spot depending on if it's a krugerrand, buffalo or eagle.

>>9620584
Peter? More like our founding fathers and the fact that golds been money for thousands of years

>>9620074
It may well be profitable to artificially synthesize gold at those prices. But it also may well be profitable to mine it from asteroids at those prices. And it would certainly be profitable to mine it the boring old fashioned way at those prices, so if you're starting a venture to get more gold, which one of those three options are you going to choose?

Watch this video https://www.youtube.com/watch?v=GGberGnxiJk
If only a tiny percentage of the money that is currently in stocks, precious metals, speculative real estate, etc goes into crypto, we will see a bull run that will make last Dec/Jan look like child's play. Prove me wrong. Pro tip: you can't.

>>9619999
>>9620005
>>9620138
>>9620152
>>9620167
>>9620174
>>9620192
>>9620205
>>9620387
>>9620397
>>9620415
>>9620436
>>9620458
>>9620487
>>9620537

Based gold-anon is back trying to educate retards. Still doesn't work. Retards still gonna retard.
I've told you before, anon, you're wasting your time with these brainlets. Most of them are in crypto because it's "cool" and because "moon missions". You might think they are in crypto because they understand the ponzi-economic system the jews created for them, but they don't. You're wasting your time here.

>>9620901
Some of us understand it just fine, what you goldbugs don't appear to understand is that the gold market is manipulated in a way it's impossible for the crypto market to be, although the forces that set the gold market up to be that way are trying their damned hardest to subject the crypto market to the exact same circumstances.
Look up the outstanding paper for each ounce of physical gold on Comex.

>>9620901
this
>>9620916
>what you goldbugs
Opinion discarded

>>9620916
You do realize that no one is proposing to go full gold like a retard or use it as a currency. The point was gold holds it's buying power when things turn to shit, like it held it for thousand of years, and it's not a bad idea to have some in case everything turns to shit.
>gold
>food, water and medicine
>guns

This is what you need to thrive when your country goes through a financial collapse, which it can happen even if you are the US. The ponzi is already starting to get too big in Europe and we began "enriching our culture" with migrants in the hopes they can keep the ponzi going since europeans stopped making kids and stopped dying early.

>>9619999
Literally this is Peter Schiff in here kek

>>9619999
Absolutely boomer cope

>>9621021
>China and Russia hoarding gold is a boomer cope
Stay poor but stop spamming our board with the thoughts from your small brain

>>9620957
I don't disagree with that at all, read the picture, gold when actually not corrupted in that way does exactly as you say. But right now, the gold market has been corrupted, and they're trying to do the same thing to crypto.

>>9621162
You cannot manipulate a market forever. Accumulate while cheap.

>>9619806
Good book you should read it

>>9620074
1oz of gold will not buy any homes anon. If the valuable fiat collapses gold will buy a lot of dollars, a home will also buy a lot of dollars. Look at any country with BTFO currencies, you cannot buy homes for 1oz of gold.

>>9619806
No, just don't. There are still several metrics that still state stocks are not "overheated". I will agree in that sense that we are in the longest bull run in history but do not taking anything, especially economic forecasts to heart. Several are them are wrong. And going all in Crypto is pure autism. Cryptocurrencies have never gone through a down economy and we literally have no idea how Cryptocurrencies will perform. There are days when stocks are down, so are CCs. And vice versa. And here is the thing...

>Crypto isn’t going to die because (they) need it now to survive against the inevitable stock market crash.

This is completely untrue. The total CC market cap currently is $335,750,115,103 (coinmarketcap.com). I do agree in that we will have a stock market crash, but we do not know when per se. With the image I posted, J.P. Morgan Bank would essentially take the whole market. And no, you cannot use potential upside as a method to bailout the banks. Even banks are against Cryptos in numerous senses. Blockchain will become a hell of a lot more prevalent in our society than a cryptocurrency.

Whatever your friend told you is bullshit and what you believe in counterfactual.

>>9620710
hey if you make it back i appreciate your perspective. millenial here who thinks you're right and learned something today because of you

here we go again

>stocks are in bubble (like past 10 years they said)
>"buy gold and crpyto"

>>9621250
As long as it's the physical stuff and nobody else knows about it, sure. Good plan.

>>9621757
Appreciate it anon... good that you are thinking

>>9620901
I enjoy talking about it and I also enjoy seeing their psychological disfunction considering what I am saying is so fucking basic and logical. It amazes me

>>9620916
How is gold manipulated dumbfuck? A gold ounce 900 years ago is still a gold ounce today. Doesn't matter if the dollar exists or notZ

Nobody buys gold to get back more worthless fiat. They buy gold so they have money and wealth for when fiat fails because it's a scam. That's the ENTIRE point in buying gold you brainlet.

When you buy a stock you are doing so for a different reason than you are buying gold

>>9621162
Dollar price of gold is irrelevant and means nothing. You buy gold because fiat is a scam and you want money and wealth for when fiat dies. You don't buy gold at 1300 in hope of selling it at 1800.

>>9619806
401k is a scam. it depends on new money to clear out old money. quantitative easing the act of printing money that never makes it to the local economy is how institutions increase stock market prices. b/c it is institutions that get these newly printed monies at zero interest rate to reinvest in the stock market. the elites know that the whole system is broken. and it is becoming harder and harder up keep because our generation has a retarded amount of people that are not putting anything in 401ks. no wonder they are planning a switch to crypto.

>>9621889
We on the same brainwave.
I also hope you really are Peter Schiff I'm pissing myself laughing just thing about if he posted like this anonymously

>>9621629
correct.
purchasing power is the key
the op of this reply is off
he is confusing nominal and real value
and then he is making a claim of gold increasing in value
which isn't true

if what he said is true, then he for goes his own Conclusion

>>9620192
you are a mid wit at best.

>>9620174
debt and currency are two different inter related problems


you can still have debt with a non fiat currency

>>9619806
no shit man. look at fucking snap chat. its a fucking worthless company and you have normies dumping their 401k into it

>>9620916
yes exactly
goldtards put all their trust into a system

hey gold tards....you dont have an immuateble ledger
also your assets literally need to be on your person

literally brainlet tier

>>9620152
you fag are a fag
both are fights against the system gold and crypto
now we understand that you are stupid and don't get the concepts behind crypto
but that's OK this is America we accept stupid people like you

>>9622188
Yeah just a lot less of it.

>>9622212
You can have both moron. Gold has to back the currency. Paper or digital

>>9622233
There'd be the same amount of inflation adjusted debt. We just wouldn't have fractional reserve banking. The government would still deficit spend, but you'd feel better about it because we'd be 1 trillion in debt rather than 20 trillion on paper.

>>9622230
How the fuck is crypto a fight against gold? We aren't on a gold standard anymore and gold is savings and real wealth.

>>9622253
The Jews are literally fucking us and squeezing all the wealtn out of the system because we have fiat not backed by gold.

70 years ago there was no one bitching about income inequality. Because massive inflation wasn't destroying everyone's wealth.

Perfect example right here...

In 1964 min wage was $1.25 and gold was 30$/oz

So a min wage worker could purchase an ounce of gold with a weeks paycheck.

Today min wage is like 9$ and gold is $1,300

So a min wage worker today has to work an entire MONTH before he can purchase that same ounce of gold that a min wage worker could purchase after a week 55 years ago.

So a min wage worker back then was markedly better off than a min wage worker is today.

>>9620167

>Bitcoin doesn't have the same properties as gold because it's not real!

Grug have shiny rock. Grug can touch shiny rock with hand. Bitcoin Grug can't touch. Bitcoin no real. Grug think only shiny rock real value!

>>9619999
Can you pay in gold through your smartphone? Can you send gold through internet in mere seconds ?
No?
Then gold is shit grandpa.

>>9622247
that's what I fucking said you dipshit
goddamn you are mid wit boomer or what

>>9622369
Gold can be used to manufacture stuff.

>>9622593
Gold is currency if need be but more importantly money. You need to back currency... paper or digital... with real money. Otherwise it's all bullshit air

Goldbugs are so unhinged

>>9620023
I wonder who could be behind this post

>>9622728
see you keep proving yourself stupid
currency needs to be backed by value
not money.
goddamn you are like literally exactly wrong

>>9619999
fuarking checked

>>9619999
kek ya ok gramps you gloom and doom goldfags have been saying that for like 20 years

>>9620138

If that's the case, people would just fly out of Venezuela and carry back a lot of fucking good and corner the property market. But that's not the case, you mega-retard

>>9622728
Money can be anything, gold was just adopted as it did not corrode, had a stable supply, took relatively little place but most of all is shiny and malleable enough to do good looking thing (which were used to peacock by the powerful).
Also since every communication used to be done by foot and informations were kept in paper records (when they were recorded) you needed something that had a sensory presence as a "proof" you owned this psychological thing we call "value".
Gold is nothing more than that, it's a "proof of value" it has no intrinsic value, people accept gold as money because they know someone else will, once it's done with cryptos then gold has been made obsolete.

Today we have technologies that allow us to transport informations instantly through the globe and now with blockchain we have a way to make the record ubiquitous and incorruptible.

>>9622728
Money has value because everybody agrees that it has value nothing more. Nobody gives a shit about gold that's just what people used as money back in the stone age

>>9619999
Conspiracy idiot with subpar economy knowladge trying to act like hit shit

Enjoy your bags

>>9619806
>Not too sure how legit this is but he also told me that their general plan is to pump crypto into a bubble and get all the normies to buy into it while stocks cool off and then dump their crypto bags to get back into stocks after the capitulation phase.

Too smart not to be legit my friend.

We Trillion with a T marketcap THIS YEAR

>>9622926

This. It's not the material that the currency is made of that matters, it's the information itself. Who has and how much. The information is all that matters bro.

>>9621903
Golds value is mostly influenced by people buying at 1300 and selling at 1800 to accumulate valuable fiat currency. Buying because fiat is a scam isn't a bad reason, it just isn't the reason most of the money cares about

>>9622926
wrong
gold is scarce. and beautiful
that matters too

>>9622926
You are right once a store of value crypto coin reaches the gold mcap, then real estate will be obsolete too and virtual real estate will take over everything.

Excisting in the real world will always be more worth than only in 0 and 1.

>>9621821

>T: December 2007

>>9621889
>How is gold manipulated dumbfuck?

There is a person who is this stupid in here? Holy shit man, just think about what you just said!

>>9619999
Did you take all your pills today? Cant forget that concoction you faggots swallow up.

>>9623369
A gold ounce 900 years ago is still that same gold ounce today. Doesn't matter if the dollar exists or or

>>9619806
Fuck off Commie

SP500 will rise and there nothing you can about it bitch :)

>>9623091
Most of the money isn't smart money.

Gold just tracks how worthless the dollar is becoming. If you buy gold at 1300 and sell at 1800. That's a phantom profit. All that happened is the dollar became more worthless

>>9622805
A guy who’s seen that dude post his gold rant all over the board several times before? Get my dick out of your mouth.

Gold is trash. Stocks are overvalued trash. Crypto is trash for time being. Dollar is currently king and swinging stocks is the queen.

It's too hard to call the recession within +/- months, so make an extra 20%+ buffer on your stack swinging stocks. Once you do, become more conservative and hold cash 80% of the time while you wait for crash.

>>9619806
>Basically the 1% at the top think stocks are in a bubble

Yes
>and that is why there has been a lot of news of these people leaving to join crypto.

No
> Institutions coming in is not a meme and

No.It is.

> wall street is genuinely scared of a stock bubble.

Yes.

You have it completely backwards OP. The bubble in crypto is a symptom of the bubble in stocks. Crypto is not an alternative to stocks. If stocks crash, expect crypto to go down the pan as no money will flow in but some will flow out.

>>9619806

I work as a risk measure provider for asset managers, often talk with CIOs.

First some basics:
1. Just because you work in finance, doesnt mean you have a clue
2. No one in the financial markets knows what will happen next. No one.
3. There are a few givens:
3a) Venezuela will default (Q is when)
3b) The Eurozone will break-up (Q is when)
3c) There will likely be some sort of sovereign defaults in the next decade
4. Most AMs simply use re-balancing to their specific asset allocation (you can read up some theory, its called "volatility pumping", e.g. in the paper i share here)
5. Every AM is overweight Emerging Market Equity


So, thats the basics. Now where does the fun start:

1) The market always moves in a direction that NO ONE HAS ANTICIPATED. Why is that? Because if the market had anticipated a move, it already wouldve been priced in
2) Interest rates may or may not renormalize. Personally I dont believe in a normalization in our lifetime

>>9624399
You got the result and cause mixed up brah. Seems to serve you, if the purpose of this was blaming of groups of people that you don't feel like you belong to.

>>9619999
>spending your crypto on shiny rocks

>>9622296
interesting. basically gold is overvalued is what you are saying ?

>>9624399
American hegemony was created after the wealth transfer from WWI and WWII. The level of manufacturing and demand for exports that a ravaged Europe essentially had to buy from us created so much wealth for the USA. That level of wealth (a single man w/ high school education affording and supporting a house and family) will arguably never be seen again. Especially not with the sloppy public policy, rampant partisanship, and ineffectual congress the USA currently has.

>>9619999
Wow, a mineral with conductive properties that’s scarce and shines. We should base value off of this!

Goldbugs are the Linkies of the rest of 6the internet.
Strap in boys, 1 oz = 1 house EOY amirite?

>>9619999
Will 5 oz gold and 1700 oz silver stack make it?

>>9620227
Infrastructure goes down btc is nothing.
Gold?
Everything.

>>9624547
What will that do to global markets?

>>9624088
Is there anything more pathetic than Baby Boomers on 4chan

>>9619806
This isn't really new information. Goldman has been saying this stuff publicly for a good year now.

Everyone knows it's in a bubble, it's just a matter of how bad it will be when it pops that nobody is sure about.

I think the real question is what is driving the bubble? Obviously we've been living in an extremely liquid environment, but where is that easy cash going? Usually bubbles are popped when some sort of mass fraud or ineptitude is unveiled. It's that moment when you find that the emperor has no clothes that sends the market into freefall. So where is it? I don't honestly know. Where is all this liquidity flowing?

>>9624088
I agree with everything you said
Idk why you're getting so much hate to be honest.
There is no reason at all as to why you shouldnt at least have some gold after making a decent amount. The jews are in full ''they goys kno call him boomer'' mode

>>9619999
>he fell for the precious metal meme

>>9626364
Liquidity is flowing to top 1% via debt-financing massive M&A deals.

>>9619806
Conspiracy theory is :
Satoshi is a symbolic character created by Investment Banks (with help from NSA cryptographers) in order to construct a new hedge bubble in until stock crashes and stabilises.

>>9626364
I've been wondering this too. I can't find a trail of where all that capital went during the February selloff. My assumption was it would pour into gold. I just can't see how that much got wiped out without showing its hand

>>9626334
No

>>9627017
I don't think gold is where the big institutions are putting their money. It's where individual boomers put their money. If you find out where the big institutions are buying you find the problem. They're over leveraged somewhere, I just don't know where.

Nations are accumulating gold for a reason, this is current news. Either you are smarter than their economic advisors are or they understand the financial scope of the world more than you do.

>>9619999
checked and I love you man
keep spreading the truth to these idiots.
cant save them all

>>9622593
>bitcoin loses half its value in a year
>gold stable after 3000 years
crypto fags are so stupid.
like criminal levels of stupid

>>9626364
>>9627017
>(((nobody))) knows
>t. what is the federal reserve?

>>9627017
you cant use silver and gold as benchmarks for that because they manipulate the prices by futures contracts.
silver is the same price it was in 1980
what other thing is the same price it was in 1980?
Hmm.

>>9626364
Quantitative easing has caused this , they gave the money to the banks hoping they would invest in infrastructure,company's and in ventures that create wealth and jobs. Instead of this they just put it into the stock market pushing the price up as well as being able to spend it before inflation hit.

>>9627590
Cocaine. It's been staring me right in the face this whole time senpai

>>9620916
that pic explains why I only hold btc as a hedge in the case that it does skyrocket due to (((their))) manipulation for whatever reason
LN is a scam

>>9619806
Cool story. Why wouldn't they just buy gold?

>>9619999
>QUADS OF TRUTH
How much longer do you think the petrodollar has?

>>9620135
rude

>>9620145
If we enter the singularity couldn't the AI god just break the algorithm? Who says BTC would retain its value?

>>9620205
>>9620192
>>9620174
>>9620167
>>9620138
Hi, Yogi

>>9619806
Muh uncle works at Nintendo

>>9620901
THAT'S NOT THE REAL VERSION

>>9626917
This guy gets it.

>>9622926
wrong wrong wrong
gold takes work. to mine from ground.

and the proof of work? a star going supernova
so

gold is what again?

>>9622862
Yeah which is why gold is money and currency used to be backed by it. BecUse gold has value AND because gold is the BEST measure of value there is! Hence why it's been money for millenia.

Do you even know the primary function of money is to measure value? And gold does that best!

>>9622296
So then what about poor fags like me who are 22 and barely have enough cash to move out? Guess I am going to get squeezed and fucked when the whole charade comes down. Fuck

Based tremp

>>9619999
Robert Pretcher is that you??
I love you!!

>>9628463
Trump loves gold, he basically does his best to make his appearance like a gold brick. Trump won the presidency. Conclusion? Gold is king.

>>9621889
You never learned about the London Gold Fix? you uneducated fuck

>>9628603
PRECIOUS METALS: Are Stores Of Economic Energy.. Stocks, Bonds & Real Estate Are Energy IOU’s

Bitcoins value relies on energy produced in the future. Gold is a store of value because of energy required to get it in the past.

EROI is falling over the next few years. Bitcoin will not hold its value.

Your missing the key component which is energy

>>9620145
Gold is tangable and has intrinsic value. It's shiny, pretty, rusts very slowly, and has uses both practical and cosmetic.

Bitcoins are just invisible meme currency.

>>9628448
I'm pretty sure you still have time. The great thing about gold... which many gold and silver investors unironically get wrong is they think that if they need a million bucks for retirement that they need a million dollars in gold. Nonsense. To cover that million bucks you'll probably only need 10 ounces of gold and 500 ounces of silver.

Think about it.... for most of human history and even in America a couple hundred years ago a days wage equaled a silver piece the size of a silver dime.

A silver dime costs about 2 bucks right now to get for its silver content. So for every 2 dollars you spend you are getting the equivalent of 1 days labor in a non inflated world.

But here's the best part.... that silver dime will actually probably be worth 3-5 days work after the collapse. Why? Because there are billions more people on the planet and much less available silver.

So you literally have a scenario where 200 ounces of silver will be enough wealth to last like 15 years.

Now obv you aren't going to just bleed it out for that long living like a neet but that 200 ounces of silver will buy you a nice house or couple houses that you then rent out.

So you don't need that much unironcally.

Stick to silver tho since you are poor because the gains will go up even more than gold.

>>9628448
Go to usdebtclock.org and go to the bottom and look at what gold should be at least and then look at silver. It's crazy

>>9628826
Bottom right hand corner I meant

>>9626063
1700 ounces of silver is so much (read my post above) you'll be able to spend all that 5 ounces of gold on just bitches and still not have an issue surviving

>>9628869
Do you have any book recommendations on gold? Or on anything you've been saying in this thread.

>>9628909
to be honest I've never really read a book on gold. The BEST guy talking about this stuff is peter Schiff... but all that I have said above is just thinking and about it and using logic. With how things were in the past compared to now. Another GREAT source of information though is srsroccoreport check that out for sure. Quality info

I mean I come inequality right now is a HUGE issue. People can't make it on 100k salary even. Yet 60 years ago you could make it as a bus driver.

Well, what's the difference between now and today? Back then the moneybhad value because it was backed by gold and prices were low. Today dollars aren't backed by gold and people can barely stay above water even with a gold job.

So it's actually pretty easy to understand.

>>9619999
lel no

>>9629027
my only concern is.. how long can they continue to manipulate this shitshow? i agree with schiff but he's been saying it for years, he's right of course, but its just who knows when its going to collapse. I thought this year would be it, but nope still going so far. Its literally up to them to decide and allow the mainstream media to broadcast it. Will check out srsroccoreport though thanks.

>>9629217
You prob still have some time. It could happen tomorrow or in 2025. But better to be way early than a day late.

.

>>9624547
you might work in finance and know a lot, but the EMH is wrong

>>9620145
Solar flare wipes out the US electrical grid. Gold is physical and can be used in commerce along with cash and goods while Bitcoin wallets would be destroyed unless you keep yours on paper or in a faraday cage.

>>9619999
Asteroid mining will permanently change this.