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11516022 No.11516022 [Reply] [Original]

This is literally based logic.

The dollar value of gold does NOT matter. When I buy gold I DONT want it to go up in price like a stock.

I'm buying it to store my wealth because fiat is a Jew scam, and I want money and wealth transferred to me after a currency crisis/deflationary collapse

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

>> No.11516033

it's called opportunity cost, and gambling on the power of magic money to acquire more real assets, you shitter

>> No.11516045

Actually meant.... I want money and wealth and for when Jew fiat implodes..... and then even more wealth is transferred to youas a gold holder

>> No.11516054

>>11516033
Yes.... that's fine.... I'm not saying don't invest in chainlink or some stocks..... but you NEED to always have a little bit of gold and silver. Because that switch could flip overnight.

>> No.11516062

why would I want big heavy shiny rocks when I can have borderless, near instant, worldwide transactions with something that nobody can confiscate and is supremely mobile
no thanks, I'll stick to crypto

>> No.11516077
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11516077

>>11516062
>no more crypto for you son. Go to bed

>> No.11516078

>>11516062
Because that shiny rock is real actual savings.

Let me ask you....... let's say you had inside knowledge that the hyperinflation would hit the dollar in 1 month. And you have 1 option.... gold or bitcoin to put all your money into. What do you pick?

>> No.11516129

>>11516062
kek goldbugs btfo

>> No.11516152

>>11516078
Bitcoin every time because I can buy it with leverage and almost no oversight, whereas I can't buy leveraged gold without a ton of regulatory faggotry and even then it's not real gold, whereas I actually own my bitcoins. Plus I can leave the country with my btc while my gold has to stay where it's at.

>> No.11516167

I can tell you're at least 50 by the way you type.

>> No.11516176

>>11516022
Pretty much this. I invest in gold because I believe society is going to collapse including crypto and fiat.

>> No.11516186

>>11516167
33

>> No.11516207

>>11516167
Also....... you neee to re-evaluAte..... boomers don't own gold dumbass. They were brainwashed by Jew fiat also.

You have to go back 80 years at minimum when real actual educated Americans knew that gold was real money and real savings.

My dads a boomer and went to univ of chicago MBA and worked for Jew Solomon brothers in the 80's and I still can't get him to invest a nickel into gold to protect himself.

Honestly... go talk to bookers about gold. They don't know shit. Even ones that do know it's good to have some don't even understand that the dollar value of gold is irrelevant.

>> No.11516225

>>11516033
this. your money will do much better working in the stock market than sitting inert in a fucking safe. as much as the internet would like you to believe, the civilization isn't collapsing any time soon. the powers that be value stability and predictability and steady profits above all else. sure, it will suck to live in a 3rd world like europe or china or SEA, but the US will be good for the foreseeable future. OP is a retarded boomer that will pass to his kids a bunch of hard assets that haven't appreciated and a $100,000 funeral bill.

>> No.11516231

>>11516176
Yes.... investing in crypto and buying gold are two completely opposite end of the spectrum investments.

When I buy crypto.... and stocks..... buying those things for COMPLETELY different reasons than when I buy gold

>> No.11516239

>>11516152
>without a ton of regulatory faggotry

not for long crypto kiddie. With SEC coming in big dick theres going to be tons of regulation that will do to bitcoin what it did to gold. Less volatility

>> No.11516260

>>11516152
Wtf is your btc going to be worth when the dollar gets fucked?

Look.... I'm not saying crypto is bad to have in a current crisis.... it may be...but you don't know that.

Let me ask you another question and it's the same question......

Let's say you have 200k to your name.... and you have inside info the dollar will implode. What % are you putting into btc/crypto and what % are you putting into gold? (If any)

That's a better question to ask....

>> No.11516284

>>11516022
You wanna know a secret? There's no actual timeless method of storing your wealth. Anything you invest in could become useless to society over time and therefore worthless.

>> No.11516298

>>11516225
Money and savings (which is gold) aren't supposed to appreciate fuckhead.

When America started issuing dollars backed by gold.... and you worked for a week and made 20$ which was a good weekly salary... you didn't think to yourself.... I better hang on to this 20$ because 7 years from now this 20$ will buy me 2 houses.

Do you get it? Money isn't supposed to appreciate like that.

>> No.11516343

>>11516239
Again you don't fucking get it. Seriously..... how fucking dumb are you guys?

Do you fucking understand that the dollar value of gold doesn't mean shit? In fact.... it was the fucking gold that gave value to the dollar!

And now that gold doesn't back the dollar anymore you have "income inequality" and it's impossible to make it hence why you throw your cash into shitcoins

50 years ago you could drive retarded kids to grade school on a bus and "make it" with the wife at home raising your 3kids. Because under a gold standard prices are CHEAP!

The ISSUE is prices are going UP.... and making everyone poorer. Investing in crypto and 100x your investment just keeps you out of the grasps of inflation that is sinking everyone else

>> No.11516371

>>11516225
That was true for the 10 year long bull run. Now interest rates are going up and the stock market is crashing. Bear market time. This is the perfect time to buy gold.

>> No.11516399

>>11516225
Your fundamental problem is you don't understand that gold is money and dollars and dollar denominated things like stocks are not money.

Gold is wealth. Gold is money. If you have a fiat implosion your fucked in dollars or stocks because they aren't money

>> No.11516519
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11516519

>>11516399
keep clutching your gold coins and hanging on the every word of bloomberg and CNN pundits, cletus. when i retire i'll be richer than you can imagine.

>>11516371
no, it will be the perfect time to take out the money that's been sitting in money market funds (which has been loving the rising interest rates), and use it to buy stocks that will be hitting their new 10 year lows.

>> No.11516547

If you actually believe this then you believe that one day it is a certainty that fiat and the governments backing it will collapse and you are certain that it will be shiny rocks instead of weapons, ammunition, food, women, and arable land that will be the valued commodities after that total government collapse.

You're backing the wrong horse son.

>> No.11516560

>>11516022
nobody gives a fuck doomsday fag if shit actually hits the fan to the point the dollar collapses there are bigger problems how many bars of shiny metal you have

>> No.11516574

>>11516022
This is literally based logic.

The dollar value of XRP does NOT matter. When I buy XRP I DONT want it to go up in price like a stock.

I'm buying it to store my wealth because fiat is a Jew scam, and I want money and wealth transferred to me after a currency crisis/deflationary collapse

21 XRP 900 years ago is still that same 21 XRP today. Doesn't matter if the dollar exists or not.

>> No.11516583

>>11516574
>21 XRP 900 years ago is still that same 21 XRP today. Doesn't matter if the dollar exists or not.
sorry, 21 XRP 6000000 years ago is still that same 1 XRP today. Doesn't matter if the dollar exists or not.

>> No.11516593

>>11516547
How do you buy the weapons, women, ammunition, and arable land after the collapse?

Oh yeah gold and silver! Unless you think we are going to end up in some closed loop barter system till the end of time where people are exchanging toilet paper for Blowjobs.

You need a basis of value after it collapses dumbass. I'm not even saying we are going back to buying bubble gum with silver. You have a new currency and gold and silver owners are the new boss.

I mean why the fuck do you think people buy gold and silver in the first place? For fun????

>> No.11516598

>>11516186
oof

>> No.11516605
File: 53 KB, 1280x640, 1280px-US_Historical_Inflation.svg[1].png [View same] [iqdb] [saucenao] [google]
11516605

>fiat is a Jew scam
this is such total bullshit, inflation is rarely more than 5% and gold is just 1 of 1000s of fungible commodities, assets and financial instruments you can invest in to beat inflation, if it's a scam it's a retarded shitty scam and you need to kys for blowing it out of proportion

>> No.11516616

>>11516022
This.

The price of gold only goes up because the value of fiat is dropping

>> No.11516623

>>11516547
Dollar collapes in 30 days. You have 600k in the bank. What your going to do? Buy 600k in anon and guns and canned food? And preparing for a barter economy till the end of time?

Or are you putting some of your wealth in real wealth and money...... gold

>> No.11516624

>>11516605
If only you knew how far the rabbit hole went. This documentary is a great start for you on your journey.
https://www.youtube.com/watch?v=5IJeemTQ7Vk&t=792s

>> No.11516629

>>11516605
>inflation is rarely more than 5%
idiot.

>> No.11516639

>>11516616
Thank you... at least there isn't one nigger tier brain in this thread

>> No.11516670

>>11516022
What is the intrinsic value of a piece of shiny metal with barely any industrial use?

A real store of value is buying valuable, preferably arable land. That is, if you at least trust property rights to survive.

>> No.11516672

>>11516560
People like you who say "doomsday" are actually the most scared people of all. You know people like me are right but you just don't want to think about it.

That's my theory

>> No.11516684

>>11516605
It's bullshit?

Then how come 60 years ago 9$/hour was fantastic income..... but today 9$/hour puts you in abject poverty?

Why are prices rising?

>> No.11516756

>>11516670
Land is not money fuckface. Let's say we have a currency collapse and dollars are worthless. but you need toilet paper..... or some hot pussy who is walking by starving and needs food for her kids...... and you want her to duck your dick. If you have a silver dime she'll suck it. But if you tell her you'll offer her 1/18th of your land.... she's going to go tell you to fuck yourself because her half niglet kid is starving

>> No.11516783

>>11516670
I swear to god. You inbred day care generation millennials must literally think planet earth was born when you were born. And that the last didn't exist and that 5,000 years of gold and silver being money is just complete retardness

>> No.11516902

>>11516756
A store of value is not a currency. If everything collapses, that includes all currencies anyway. Why would she suck your dick for a silver dime if she's starving and without protection? She'd much rather barter for your food or a weapon.

>>11516783
It's a leftover from early currencies. Something being ancient doesn't make it better. I guess firearms are useless since people have been killing each other with sharp objects since the dawn of time.

>> No.11516954

>>11516624
>le 2spooky4u skits 90 minute long video
>dude the fed printed money xD
and? governments have been issuing currencies and demanding taxes be paid in them since time immemorial, yes, governments are full of dicks and assholes, but again if this is a scam it is hardly the worst they've pulled and the US government at least doesn't seem intent on achieving 20%+ hyperinflation like venezuela or zimbabwe

>>11516629
look at the chart, even at its worst it was only 15% (0.04% a day), oh no, my $100 paycheck dropped in value 4 cents before I had time to spend it, boo fucking hoo

>>11516684
https://www.usinflationcalculator.com

9$/hour would be the equivalemt of $65.29 today, are you legit retarded or trolling

>> No.11517056

>>11516902
Because that silver dime is REAL fucking money..... so when she gives that silver dime to some farmer and that farmer needs to buy some gas.... he can buy some gas with that silver dime. And the gas guy might need to pay rent and he will pay the land lord with that silver time. And the landlord might have a golden shower fetish and pays with that silver dime for goldenshower.com

And why can they do all this? Because it's universally accepted as money.

It's a basis of value.

People say buy ammunition, food, medicine etc for a collapse. And barter it .... ok...... great..... so wtf happens then? People stock up on ammunition and food and medicine to last then 4 year. Maybe 2% of the population does that..... and what happens when it all fucking runs out? The world just ends? After 4 years? When everyone's supplies runs out?

>> No.11517092

>>11516954
you must enjoy reading into unemployment stats too. I'm not going to argue about the livability of the situation, liquidity preference, nor the relatively good position we're in, but I'm definitely going to laugh at you for thinking that inflation "feels" below 5%.

>> No.11517243

>>11517056
Why would anyone automatically accept silver as currency? It's no different than say a piece of... vanadium. If shits really hit the fan, people are not going to care about shiny rocks but practical items that have immediate uses. Slowly, currencies can be rebuilt again, but I would still bet on fiat coming back rather than shiny rocks.

Of course currencies have advantages over a barter system. But for currencies to work, there needs to be trust. Shiny metals are as arbitrary as anything else as far as building trust. Even bullets makes more sense in a post-apocalyptic world as currencies as they can still be divided in small units.

>> No.11517362

Wait, what about a IRA for Precious Metals?
Haven't heard it mentioned.

Does the Precious Metals IRA collect interest?

Is that how you can make Gold actually make dividens or whatever?

[Asking for a friend]

>> No.11517400

>>11517243
Why do you think people buy gold and silver to begin with?

I understand you think they are stupid. But there are coin shops in every city and online bullion dealers. Now ask yourself..... why are people trading their dollars for gold? You might think they are stupid but try and understand their reasoning for doing so.

If the dollar dissapeared from planet earth tomorrow morning. Guess what? That has no bearing on my gold and silver at all. You understand that right?

yo fundamentally understand that gold does not get its value from the dollar existing, right?

>> No.11517405
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11517405

Also gold is high conductivity of electrons so thats why its embedded in many of our electronics.
Ever wonder why there's entities who pay you to drop your unwanted cellular phones into random receptacles at grocery stores all across the U.S.?

>> No.11517457

>>11516954
Yeah you fucking retard..... 60 years ago if you mde 9$ hour it equaled the same as someone making 65$ today.... you just made my fucking point.

So you made 9$/hour 60 years ago and it equaled the equivalent of making 65$ today.

So after you made 9$ in one hour back in 1955..... which was like making 65$ today. And it's 1955 and you put that 9$ in a safety deposit box for 60 years. And today you open up that safety deposit box and you take that 9$ out of it... and you can barely buy lunch at Taco Bell with it today. That 9$ lost like 80% of its value while it sat in that safety deposit box for 55 years.

So my question to you is .... WHAT THE FUCK HAPPENED to the value of that 9$ that bought you a LOT more 55 years ago than it does today.

>> No.11517484

>>11517400
Ur a retard

Gold is useless

>> No.11517523

>>11517484
Literally a nigger tier response. You couldn't fucking answer in any sort of substantive way whatsoever.

Your just an asshole with Stockholm syndrome because your Jew public school taught you something or your college taught you something so it MUST BE RIGHT because you paid for it.

The sad thing is I'm trying to help you fucking idiots understand....... yet you remain stupid like niggers voting for the Democratic Party no matter what obvious evidence I give you you still don't know how to think like a nigger doesn't know how to think

>> No.11517529

>>11517523

Look how insecure you are

Didn't even read that shit

Gold is useless retard

>> No.11517533

>>11517362
No. Have to own the gold in your hand and be able to touch it. Not some kike promoted IRA bullshit

>> No.11517551

>>11517362
Fuxking morons don't understand you have to hold it and not rely on some Jew bank or Jew ira to take care of it for you

>> No.11517563

>>11517529
I know you didn't read it. Because your probably black and can't read

>> No.11517566

>>11517400
People are irrational. Big deal. You know, it's not impossible that people still care about shiny rocks if everything collapses, because people might remain irrational. It's more likely though that people will just laugh at Larry with his pile of useless rocks rather than trade their food, tools and land for it.

>> No.11517573

>>11517529
In fact a nigger is prob smarter than you. At least a nigger doesn't have the brain power to process what I'm saying. You can process it but don't know how to think and learn and change your mind even tho you opened up the thread to try and learn

>> No.11517588

>>11517566
So you are saying that people buying gold at coin shops are literally throwing away their money?

So I have $1,200.... and I want to go buy an ounce of gold. I go to a coin shop and buy an ounce of gold.....

What's your reaction to me doing that? Are you thinking to yourself..... "he might as well just go flush his $1,200 down the toilet?"

>> No.11517608

>>11517566
Also.... you are a farmer.... you have tons of food. You need to sell some.... but dollars don't buy anything. Your telling me you won't accept gold for some of it?

You realize that 1 single ounce of silver buys you 3-4 months worth of food in Venezuela right?

>> No.11517624

>>11517608
there's a reason people in venezuela are using crypto faggot
shiny rocks are useless

>> No.11517631

>>11517588
I just think you're buying overpriced asset. I don't know whether the irrationality of the market will make it even more overpriced or not. My own bet would be that gold keeps losing value over time.

>> No.11517647

>>11517573
Dumbass

Ur kbbiously a gold shill about to pump and dump

>> No.11517660

>>11517631
But you didn't answer my question earlier. You fundamentally understand that gold does not get its value from the dollar existing right?

So if you understand that...... then obviously it doesn't lose value over time.

You understand that right? Gold having the value it does has nothing to do with the dollar. Do you understand that or no?

>> No.11517667

>>11517624
1 ounce of silver buys you 6 months worth of food on the black market. Not saying crypto is useless faggot. I'm telling you that 1 ounce of silver 14$ USD value..... buys you 3-6 months worth of food down there

>> No.11517690

>>11517660
no, gold does not have intrinsic value. it's a shiny useless rock but it doesn't rust away so people began using it as money. many things have been used as money too: seashells, feathers, beans, paper, etc.
as with everything, it only has value because people think it has value, and that's changing with shiny rocks.
you're a faggot.

>> No.11517697

>>11517660
Uh, yeah. What's your point? I also think US dollars currently have some value, as they are a well-accepted currency for hard assets, and I don't think the true value of gold is currently over a thousand current US dollar per oz.

Values of metals can still change over time. Obviously copper and steel are not as useful if you don't have any industry left, to say nothing of more odd ones.

>> No.11517707

>>11516022
Most of you niggers are retarded. Gold is used to hedge your portfolio. You do so that you can lever your portfolio up, or to have liquidity during a decline to buy cheap stocks. Stocks are historically expensive at these levels. Enterprising niggas loaded up on bonds, gold, and commodities will move into equitities when they are more attractive from a historical standpoint.

For example, Warren Buffet made a lot of 5-10X investments because he had ammased cash/cash equivalents before the crisis hit and was ready to buy stocks on the cheap. He dollar cost averaged on the way down. The best value investors are 30-40% cash/cash equivalents right now. Do you think you are smarter than them by being a brainlet whose 100% equities?

>> No.11517716

>>11517690
Ok..... let's assume what you say is true....if it's so useless tho why is it still incredibly valuable and why is it still real money? Beans, seashells and feathers didn't last as money, right? Why not?

Also.... govts de-monetized gold 40 years ago. So for all intents and purposes gold is worthless in the eyes of govts.... yet...... it costs me $1,200 in fiat to buy one ounce...why? Especially when you say it's worthless.

Do you now see how easy it is to totally fuck your arguments with logic? It's literally like arguing against a public school educated nigger. That's how infected your brain is with Jew propaganda

>> No.11517730

>>11517707
You should look up what Warrent Buffett has to say about gold if you're going to bring him to the discussion lmao.

>> No.11517741

>>11516284
wrong. gold and silver can never become worthless because they are actually used for things we need + have you ever used colloidal silver ? made from actual pure silver, it's one of the best medicines out there for a shit ton of things. colloidal gold is okay too but colloidal silver is even better

>> No.11517750

>>11517697
Golds value is constant bro. That's why it's been money for thousands of years.

100 years ago gold = 20$ per ounce. 20 dollars..... or a gold ounce equaled a good weekly salary.....got it? Ok.

Today that 20$ doesn't even buy you lunch for two at Taco Bell. So.... you worked for a week 100 years ago and earned 20$ which was a good weekly salary. And you held that 20$ in a safety deposit box for 100 years. And today that 20$ buys you almost nothing in comparison to what it bought you 100 years ago.

BUT........ had you saved that gold ounce for 100 years.... and took it to a coin shop today..... you'll get $1,200 in fiat for it which is STILL a good weekly salary!

Do you get it now? Gold stayed the same and the dollar lost like 98% of its value.

It's literally the easiest thing in the world to understand right? And I'm literally spoonfeeding you

>> No.11517749

>>11517716
Because of people like you. It's not a mystery to anyone. We're not denying that there is a weird cult of gold up there that's driving up the price.

>> No.11517783

>>11517707
Your fucking stupid. Nobody is saying don't invest in equities. It your comparing apples to oranges dude. Gold is money.... it's not an investment. You invest in Amazon stock to get back more fiat.... and you buy gold to transfer your wealth from worthless fiat to a real store of value.

Did you read my OP? When I buy gold I actually DONT want it to go up in value because that means the dollar is dying. And if it dies I'm glad I have gold because it stores my wealth when fiat is hyperinflating into nothing.

I'm buying gold Because the dollar is dying and our govt is out of control and we are 20 trillion in debt.

If I buy gold tomorrow and the next day it goes to 40k/ounce..... I'm
Not fucking selling at all. If I buy Amazon tomorrow and it goes to 10k an ounce then I am going to fucking sell.

How can you fucking niggers not understand something so fucking simple?

>> No.11517790

>>11517749
Your not answering my questions at all

>> No.11517793 [DELETED] 
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11517793

>>11516022

>> No.11517812

>>11517783
but the dollar has been going up

>> No.11517818

>>11517730
Warren buffet is a fucking illuminati liar. If you don't think buffet owns gold your retarded.

Buffet says not to put money in gold because he wants you Luttig it in the stock market to continually pump his bags

>> No.11517834

>>11517730
I already know that he avoids gold, but has recommended a diversified portfolio of metals instead for a hedge. Like I said you buy gold and commodities to hedge against inflation.

You should look up Modern Portfolio Theory and find that your expected return is maximized when you diversify into more than one asset class given the same level of risk. You can then apply leverage, and you beat the index.

>> No.11517837

>>11517812
Relative to other shit paper currencies.

If gold doesn't have intrinsic value like some of you say .... well..... the dollar sure as fuck doesn't either.

You morons don't understand that it's gold that gave the dollar its value. And since gold doesn't back the dollar anymore the dollar is becoming more worthless and you have all the income inequality you have.

You know what term you never heard under a gold standard? You never heard the term income inequality under a gold standard

>> No.11517850

>>11516239
don't remember your pass phrase, or else

>> No.11518399
File: 24 KB, 400x545, 68vwbeetlelivebelow[1].jpg [View same] [iqdb] [saucenao] [google]
11518399

>>11517092
Where did I say it feels below 5%? I posted the statistics right there. This is where you post your alternate method of calculating inflation statistics which proves hyperinflation is happening or something (mathematically impossible since in just a few years the exponential growth would have resulted in a tomato costing a month's wages), but of course most of you goobers haven't even reached this far in the argument, you are incapable of making 1 logical step. kys

>>11517457
>you just made my fucking point
no, you've missed my point, wages are rising with inflation, nearly everything beats inflation

Do you really think they were paying McDonald's employees enough to buy $500 worth of goods (in today's money) a day?

Nowadays a Volkswagen New Beetle costs $5500 (in today's money).

In 1968 a Volkswagen Beetle cost $1699 (in 1968 dollars).

Nowadays minimum wage is 7.25$/hour

In 1968 minimum wage was $1.60/hour

5500/7.25= 759 hours

1699/1.60= 1062 hours

this is fucking middle school math and you really are legit retarded you horsecum guzzling /pol/babby, kys

>> No.11518545

>>11518399
Then why did people back then buy cars in cash? Nowadays everyone needs to finance them

>> No.11518684

>>11518399
Yeah dude.... min wage was $1.25 (or 5 silver quarters in 1964). So if you worked for 1 hour in in 1964 and saved those 5 silver quarters under your bed until today... and then took those quarters to a coin shop you'd get about 16$ for them.

So.... a min wage earner in 1964 making $1.25 an hour had the purchasing power of someone today earning about 15$/hour.... or roughly twice the purchasing power of someone making min wage today.

Another example........ in the 60's gold was 35$/oz.... so a min wage earner could purchase an ounce of gold after a week of working. Today min wage is like 9$ and gold is at $1,200. So a min wage worker today has to work an ENTIRE month before he has enough money to purchase that same ounce of gold that a min wage worker could purchase after only a week of working 55 year Ago.

Not so sure what is so hard to understand about this? Especially since when people were making $1.25 back then "income inequality wasn't even a term... yet today it's a top 3 issue.

You need to ask yourself WHY are prices rising in the first place? People say we gotta raise the minimum wage.... well.... why are they saying that? BecUse prices are RISING. And prices weren't rising under a gold standard... or at least not nearly as fast as they are rising now.

What are we going to keep doing? Raising the minimum wage until it's at 100$???

>> No.11518710

>>11516284
don't you have a rick&morty season to marathon or sth?

>> No.11518912
File: 95 KB, 680x574, smug_leaf.png [View same] [iqdb] [saucenao] [google]
11518912

>>11516574
>>11516583
>solar flare hits
>destroys all crypto infrastructure
Check-mate retards

>> No.11518916

>>11516022
where do these idiots come from? is there a breeding ground for the financially imbecile?

>> No.11518927

so this is mental illness

>> No.11518966

>>11518916
Can you argue against
OP?

Pro tip... you can't

>> No.11518978

>>11518399
Also you say.... wages beat inflation.... yeah maybe Temporarily but not any longer.

The question is WHY is there or does there need to be masssive man controlled inflation in the first place? Should prices more or less stay the same?

You realize in a healthy vibrant economy prices go down , right?

>> No.11518984

>>11518912
>what are faraday cages?
we'll be fine

>> No.11518996
File: 80 KB, 800x561, stock-market-since-1800.gif [View same] [iqdb] [saucenao] [google]
11518996

>>11518966
of course i can refute all his points easily it's not hard
let's start with gold being a store of value...

>> No.11519009
File: 27 KB, 825x575, total-gold-reserves-total-gold-production.png [View same] [iqdb] [saucenao] [google]
11519009

>>11518996
gold is produced in an exponentially growing rate.
while monetary reserves are declining especially in the west which indicates it's becoming a base industrial metal.

>> No.11519022
File: 45 KB, 890x625, price-gold-real-us-dollars-adjusted-shadowStats-inflation.png [View same] [iqdb] [saucenao] [google]
11519022

>>11518996
the amount of labor an ounce of gold paid for actually declined greatly through the ages. that is obviously for the dual reason of demand for gold decreasing and productivity increasing. so the argument that a gold ounce in egyptian times is the same as now is utterly retarded.

>> No.11519056

now on to the money issue
>that's a misunderstanding money is not made of nothing it represents liability. basically a promise of future performance. money always has been just that and nothing more.
>money is not an actual thing it's just a promise of future performance. that is why you can trade it for services because anyone you give your fancy fungible iou to knows he will be able to in the future exchange it to services he requires. if money is given in return of past present of future performance matters not at all. these things are not magically different you just move the burden of risk around.

when gold was money it was the most convenient medium to prove your claim on future goods and services. gold itself was not money. it was the medium. now elaborate paper bills are the medium and for good reason...

if gold was money only like 5 countries could issue their own currency. how is that fucking fair to you that a country has no sovereignty over it's money? it can't issue it to the need of its growing economy but has to buy it from an other country?? seriously? the fuck is wrong with your head? who the fuck wants inflexible supply for the medium of exchange that inhibits growth? nobody. in the old days gold was the most practical form of money today it's numbers in a database and these numbers are more useful to us than gold ever was. that is why the world moved away from gold.

>> No.11519074

>>11518978
>The question is WHY is there or does there need to be masssive man controlled inflation in the first place?
so that the MEDIUM OF FUCKING EXCHANGE does not sit in pillow cases. it is an incentive for people to use money and keep it producing. if you keep your wealth in bills it's sitting on the sidelines not participating in the economy. that is why inflation is preferred to deflation or stagnation. if you want your wealth too grow take risks by investing it either in productive assets or stocks and bonds, if you just want it to hold it's value buy government bonds or real estate!

>> No.11519147

>>11517837
>If gold doesn't have intrinsic value like some of you say .... well..... the dollar sure as fuck doesn't either
intrinsic value doesn't matter, money is a form of debt end of story. doesn't matter what medium it takes. scarcity of gold made money hard to counterfeit you can think of it as a primitive security feature. golds true intrinsic value is only as an industrial metal, would be less than $50 an ounce if it's also continued to use in jewelry as a fad then maybe $250. rest is just speculative.
>You morons don't understand that it's gold that gave the dollar its value
you are the moron if you think that. what gives money value is the goods and services it purchases. nobody would accept any form of money if he was not certain that he will be able to buy equivalent value to what he got it for with it in the future. when you replace one dept with an other you are basically doing nothing of importance.

>> No.11519194

https://finance.zacks.com/buying-power-gold-over-time-11177.html
also this link sums it up better than i do.

>> No.11519235

>>11519074
You fucking idiot. When we were in a gold standard and prices were low and not increasing you think that people didn't invest?

Why the fuck did Henry ford start building cars? Why make money when your money can remain stable?

You realoe how fucking stupid you are?

Your basically saying the only reason people invest is to beat inflation.

>> No.11519273

>>11519235
>When we were in a gold standard and prices were low and not increasing you think that people didn't invest?
you think investments were anywhere near today's ratio lol? you think the economic growth rate and technological advance rate was anywhere near todays values? gold sucks donkey ass as money. fuck off!

>Your basically saying the only reason people invest is to beat inflation.
inflations main purpose to incentivize wealth to keep producing and not be stagnant and non participating.

>> No.11519332

also the issue with gold standard and why it was dropped in the end was impossibility to adopt monetary policy to changes.

>... In conclusion despised fiat money vulnerability it still remained a better means of exchange than gold standard. The great depression experienced in 1933 that lasted for a decade remained a reference point of the weakness of gold standard against fiat money as government were rendered incapable to bring the economic back. The Implementation of fiscal and monetary policies was made possible with the used of fiat money. No economy can attend economic growth and development if market failures caused by externalities or spillover are not attended for by the government through fiscal and monetary policies.

>> No.11519336

>>11517529
underrated comment

>> No.11519378

>>11519336
Ty

>> No.11519384

>>11519235
>Why make money when your money can remain stable?
rofl exactly if people would not use their money just keep it the gdp would fall because the gdp mostly depends on velocity of money by total amount of money in circulation.

if the gdp falls that's bad fucking news everyone's life is suddenly much harder investors flee infrastructure goes to shit the state is incapable to finance any improvements or social programs. standard of living drops job opportunities disappear industries go bankrupt and so on.

which eventually leads to hyperinflation where your stowed away money becomes worthless overnight.

>> No.11519627

>>11516176
>society is going to collapse
this is exhausting you know, society never collapsed, what makes you so sure it will in the near future, and in your lifetime at that? might as well bought some canned soup or whatever

>> No.11519639

>>11516022
I loves my gold

>> No.11519644

>>11516225
>US
>good
top creaturan kek

>> No.11519757

>population grows exponentially
>meanwhile the amount of gold is constant
>”d-dont invest in shiny rocks!”

Ayyy