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11990665 No.11990665 [Reply] [Original]

I’m thankful I out my savings in gold rather than Bitcoin. Imagine buying Bitcoin at 4k, only to see it vaporize in front of your eyes, as the manipulators cash out of the scam.

>> No.11990685

>>11990665
>buying a bunch of rocks and praying people will accept they have intrinsic value

>> No.11990692

Imagine buying gold at $1200, only for it to be worth 20% more after a decade and Bitcoin is up several thousand percent.

>> No.11990699

>>11990665
How much Tungsten have you accumulated?

>> No.11990809

>>11990699
tungsten gonna be more important than gold soon enough. with the development of the infantry body armor tungsten core ammunition will soon become standard in the developed armies. you don't want gold in war you want steel tungsten and uranium!

>> No.11990884

>>11990809
I was referring to the gold wrapped tungsten bars...tungsten has the same weight as gold btw...Apparently there are a good few in circulation

>> No.11990922

>>11990685
Who has ever not accepted gold as having intrinsic value? Fucking dumb nigger

>> No.11990932

>>11990692
The dollar value of gold means nothing you retard. Did gold all of a sudden become valuable when America was born and the dollar was created?

You don't buy gold which is just a fucking coin hoping it goes up in value like your Amazon stock you moron. You buy gold because fiat is a scam and you want money and wealth when the dollar implodes.

That's the entire fucking reason you buy gold you fucking idiots.

>> No.11990973

>>11990932
Same reason you buy crypto, nigger. USD is just useful in measuring how much the value of gold or crypto has increased. Good luck trading a gold bar for a sandwich or other small shit when USD implodes, while crypto can be divided much more easily.

>> No.11991252

>>11990973
where is the industry that is willing to buy the bitcoin at the current market price and manifacture goods that it is able to sell?

The claim that gold has the same type of value as an artificially scarce speculative asset is beyond hilarious.

How did you people seriously fall for that ?

>> No.11991275

>>11990973
I'll trade my silver for a sandwich and my gold for a house.

>> No.11991297

>>11991252
>The claim that gold has the same type of value as an artificially scarce speculative asset is beyond hilarious.

Or maybe you're just retarded. Gold will collapse anyway when they start mining it in huge quantities from asteroids. It'll be more common than Iron at that point.

>> No.11991305

>>11990884
and i'm telling you they might be worth more than gold soon enough.

>> No.11991331

>>11991297
Or maybe you are just retarded. If the price of gold collapses it opens opportunities for the industry to use it in a way that was not worth it so far. The asset has desirable physical properties while the cryptocurrencies reach zero value as soon as a critical mass of disbelief is reached.

>> No.11991336

>>11990665
why wouldn't the manipulators keep manipulating and make even more money?

>> No.11991415

>>11990973
You can go on YouTube right now and see starving sub suharan African niggers panning for gold in river beds and then exchanging .01 gram of gold for a loaf of bread.

Crypto is doesn't measure value like gold and silver does.

You people are fucking stupid

>> No.11991422

>>11991297
Literal nigger tier IQ. You mean they want to mine gold just to collapse the price?

>> No.11991827

>>11990884
Sonic resonance can detect difference between Tungsten and Gold as they have different vibration/noise and you might be able to replicate density and weight but you cannot replicate density AND resonance, and only much less dense metals have a similar vibration/sound to Gold.
t. metallurgy science guy working for a large commodities producer
inb4 durr hurr they just mix the metals to get the desired weight and resonance, not so easy and the startup cost to produce that material would make it just cheaper to buy the gold in the first place.

>> No.11991828

>>11991336
They are manipulating it so they can acquire more. Jp,organ is now the single largest holder of silver. When they stop supressing it it will explode and they will make their mkney.

>> No.11992201

Crypto is always a long-term play and BTC ain't that play. It will be worthless just like the minds and souls of the NPCs on this board

>> No.11992272

>>11990932
after the first post with "dumb nigger" I knew it was the usual based gold poster anon.
damn I love your contributions.

>> No.11992278
File: 61 KB, 545x409, 1543383257704.png [View same] [iqdb] [saucenao] [google]
11992278

mm shiny rocks

>> No.11992288

>>11990665
i love when I see gold/silver people say they are so much happier in PMs vs. crypto. Makes me think of my friend everytime who tried to convince me to buy silver instead of BTC back in 2013 when 1oz silver = $30 and 1 BTC = $30.

He's holding something like $10k worth of silver and I don't have to work anymore. Feelsgoodman keep holding the shiny

>> No.11992348

>>11990922
You can't even give it away.

https://youtu.be/BgUxF7gvYeE

>> No.11992386

Gold is almost done consolidating and will break out no later than 2019. Smart money entering now.

>> No.11992389

Yeah I bought gold on vaultoro.com in fucking December 2017 when every cunt was yelling hodl. And I'm trading it back to BTC now. I feel like a fucking genious but really it's just fucking the simplest trade I think I've ever made. BTW vaultoro fucking rocks, just wish they had sliver too

>> No.11992491

>>11992386
palladium is going to be the gainer tho. Chart it.

>> No.11992545

>>11992288
Silver is money bitcoin is an investment.

Unironically your friend will win in the end because he turned his fiat into actual real money. So if you were smart you'd buy some silver now since you don't have to work anymore.

1 oz of silver = 2 weeks worth of wages historically since a silver piece the size of a silver dime was a days wage for most of human history. And 1 ounce equals 14 silver dimes

So as little as 500 ounces of silver will be worth 7,500 days of days wages or 20 years worth of wages when the fiat crisis hits.

You already see it in Venezuela where 1 oz of silver equals 3 months worth of food on the black market where their currency has collapsed

>> No.11992572

>>11992348
Is that the mark dice video? I didn't click on it.

And yeah that's exactly what the govt brainwashed the public to be against. Literally nobody in human history going back thousands of years and in all of the non western world ever rejected gold.

That link just proves the failure of the education system and brainwashing. Since being anti gold is like being anti water.

Are you trying to tell me the people in that video are smart? Are you also trying to tell me if someone wanted to give you a gold ounce you wouldn't accept it?

You are very illogical

>> No.11992597

>>11992348
I've seen this video several times.... so what point are you trying to make? Obviously these people are retarded right? So your trying to tell me because a few California airheads would rather have chocolate instead of silver that that means gold and silver aren't exchanged everywhere on planet earth and haven't been money for thousands of years?

>> No.11992656

>>11992572
>>11992597
I'm baiting. Anyway the video shows lack of trust in gold. Plebs don't trust some rando guy trying to give them a shiny rock and saying it has value. If no one around you believes in gold it is literally just a rock.

>> No.11992667

>>11992545
well I disagree with your first statement -- not sure how silver is more money than bitcoin?

I'm not sure what you mean by "in the end your friend will win" at the end of life we all die - so nobody really wins it. In the meantime I've converted almost $1,000,000 out of crypto back into other assets like paying off my house, investing in other real estate properties as well as some stocks and yes PMs. I think my friend put something like $25-30k into silver which is now worth around $10k. So again - not sure how he's going to beat me here.

I don't even have a comment for your last silver = time point. Cool if 1 oz of silver can buy you 3 months worth of food you'd probably never go hungry again if you owned 1 bitcoin.

Cheers with your shiny man. I bought a couple monster boxes of ASEs last year with basically a $100 bill from 2013.

>> No.11992689

>>11990665
Gold is a hedge not an investment

>> No.11992707

>>11992545
>Silver is money
what's you're definition of "money"?

>> No.11992751

>>11992667
Oh well your fine then if you bought some and actually converted it to real money.

Silver and gold is more money than bitcoin because firstly you don't understand what the primary function of money is. The primary function of money is to MEASURE VALUE of goods exchanged for it. Gold has done that for centuries and centuries hence why it has been money for milennia. Bitcoin or crypto doesn't measure value at all.

Example to prove my point....

100 years ago a good weekly salary was 20$ and 20$ also equaled 1 oz of gold. So an ounce of gold back then also equaled a good weekly salary. Since the dollar represented gold.

Had you held that 20$ for 100 years it wouldn't even buy you lunch for two at Taco Bell. But has you held that gold ounce for 100 years the fiat value of gold is $1,200. And $1,200 is still a good weekly salary. So clearly silver and gold are money and dollars aren't.

And bitcoin certainly isn't money. When you earn money at your job that money isn't supposed to magically buy you a house 5 years later for simply holding those dollars.... but that's what bitcoin did. So bitcoin is a speculative asset that you got lucky on. It isn't actual money.

>> No.11992769

>>11992656
You don't think people will learn real quick that gold and silver is money when the dollar implodes? The entire non western world knows that gold is money.

>> No.11992770

>thinking PMs arent manipulated
come the fuck on anon. i am a pm hodler and even I know this shit is manipulated as fuck.

>> No.11992786

>>11992707
Real money is real savings. That's what uneducated people don't realize today that everyone on planet earth going back centuries understood. Gold is real savings.

And my example above proves it.

Real Money is stored economic energy. Gold is stored economic energy

>> No.11992796

>>11990692
buy bitcoin at 18k $

>Bitcoin is up several thousand percent
right, faggot

>> No.11992797

Idiots in these threads never grasp the fact that gold and silver are two of the most conductive metals on the planet and are both used in basically every single piece of electronics/solar panel. Also show me a metal that looks as nice when made into jewellery as gold and silver do

>> No.11992805

>>11992797
Platinum

>> No.11992809

>>11992770
It's the paper price thats manipulated. Nobody buys gold to get back more worthless dollars.

I don't buy gold hoping it goes to 5k like a stock or btc. I'm buying gold because the govt is out of control and we are 20 trillion in debt and I will make it in a reset.

But I'd rather gold go back down to 300$/oz because that means the govt isn't out of control anymore and I wouldn't lose anyway in real terms because a gold price at 300$ means a loaf of bread is 90 cents like it was 25 years ago.

The issue is is rising prices and debt. Bitcoin doesn't fix that. Gold does.

>> No.11992812

>>11992805
we aren't against platinum or palladium or rhodium though. we like those metals too

>> No.11992818

>>11992812
What about Aluminium

>> No.11992826

>>11992786
>Real money is real savings.
then you're just making up you're own definition of money. and also making it redundant with the definition of savings apparently.
what's the word for the thing you get paid in and what you give to the grocery store exchange for food?
>Real Money is stored economic energy.
that doesn't make sense. I mean maybe on a personal level. but the government don't have workers sitting around doing nothing until the gold in fort Knox is used.

>> No.11992827

>>11992769
>You don't think people will learn real quick that gold and silver is money when the dollar implodes?
People no. Banks and governments yes. You are overestimating peoples intelligence. Gold is rare for the average person to own. People in the third world never learn their lesson and buy gold even when they have the information available to them. All they know is things are more expensive, but lack the cognitive ability to understand why. When things go south make sure you exploit these people as much as possible.

>> No.11992832

>>11992805
There's nothing wrong with platinum, but it's still not as useful in electronics as gold and silver.

>>11992818
Aluminum is a bastard metal

>> No.11992839

>>11992832
>Aluminum is a bastard metal
Confirmed for a faggot that doesn't know his history.

>> No.11992871

>>11992839
Im mostly just memeing, but it's being phased out largely in construction, you see a lot more stainless steel for things like flashing or cladding now. It also doesn't have the benefit of obscurity like other precious metals

>> No.11992882

>>11992751
lol dude I'd love to debate some more but i unfortunately gotta go... but come on gold is down 33% and silver is down much more since the time I bought BTC and those are even from ATH prices.

How is something that is up or down 50% over a 5-10 year period not speculative in its own right? There is no guarantee on any of this stuff. The only thing I think we can all agree on is the value of an actual US dollar is going to be worth less in the future than it is today (inflation). Other then that guarantee everything else is speculative. Don't kid yourself.

>> No.11992892

>>11992826
Gold is real savings and gold is money.

Gold gets its value from energy used in the PAST to extract it.

Your homes, stocks, bonds, crypto all get their value from energy produced in the FUTURE to maintain their value. And energy is going to be a big problem going forward.

Gold is stored economic energy. That's where it gets its value.

>> No.11992898

>>11992769
they would still take the snickers
especially when the dollar collapses since you can't eat gold

>> No.11992900

>>11992796
Gold prices can go down too, nigger.

>> No.11992901

>>11992871
Aluminium was once more rare and expensive than gold.
As soon as they learned to draw it out from bauxite it became a cheap metal for light-weight constructions.

>> No.11992902

>>11992809
>I'm buying gold because the govt is out of control and we are 20 trillion in debt and I will make it in a reset.
Same. We will make it.

>> No.11992913

>>11992882
Dude.... it is gold that gave the dollar its value in the first place.... so why would you be valuing gold in terms of worthless paper dollars?

If the dollar dissapeared from planet earth tomorrow would my gold become worthless? Of course not.

Gold was money and valuable long before America was born and the dollar was created.

Gold isn't down 33% a gold coin is just a gold coin. It's stable. That's why it's been money for milennia.

All the dollar value of gold represents is how unstable, volatile, and lack of store of value the dollar is.

>> No.11992927

>>11992871
>>11992839
>>11992818
gold and silver because the bible says it's gods money. aluminum is not mentioned in the bible at all

>> No.11992929

>>11992898
They are going to need that silver to buy a snickers when the dollar implodes.

What do you think happens when the dollar dies? Everything's becomes free?

What's going to happen is we are going to have to return to a money system where the currency has value and that basis of value will be gold.

The chinks have been accumulating record tonnage of gold for 10 years now. You think they are doing that for fun?

>> No.11992941
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11992941

>>11992927

>> No.11992957

>>11992892
>Gold is real savings and gold is money.
you're just repeating that like mantra. it's making you sound more like a cultist than a thought out opinion.
I'm still waiting on your definition of money.
>Gold gets its value from energy used in the PAST to extract it.
>Gold is stored economic energy. That's where it gets its value.
yeah, this doesn't make any sense either. what is economic energy? there's no literature on it.

>> No.11993080

>>11992957
Gold is nothing more than STORED ENERGY VALUE embedded into a metal coin. No, a gold coin does not contain energy, rather acts as a store of energy value which is a STORE OF WEALTH.

>> No.11993084
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11993084

>>11992957
the absolute state of zoomers

>5000 years of money doesn't mean anything!
>buy my shitcoins!

>> No.11993101

>>11992957
Money is a few different things..... and unironically those few different things gold is. Hence why it has been money forever.

Weight and measure, unit of account, anonoymous, indestructible, store of value, medium of exchange, rare but not too rare.....

>> No.11993124

>>11990665
imagined youd bought BTC at 300$ and still dont care abut the correction.

do you believe me if Id say that, back then useless texts like yours where also thrown around.

Do you believe me that Id lought at those peeps when i am driving in my M6, seeing this larps with there fat student Debt numbers above ther heads, or when I am completely drunk.

>> No.11993276

>>11993080
>STORED ENERGY VALUE
you keep repeating this but as far as I can tell you just made it up.
>STORE OF WEALTH
sure, but so is a lot of things, including fiat. and you haven't differentiated fiat from "real money"
>>11993101
>Weight and measure, unit of account, anonoymous, indestructible, store of value, medium of exchange, rare but not too rare.....
I take it you're just referring to the 6 characteristics of money you learn in econ 101. but gold isn't a medium of exchange as long as you aren't actively exchanging it for stuff. it's just not very practical for everyday use; if you want to pay for something under $10, or use a vending machine, etc.

>> No.11993293

>>11990665
Buying gold directly, OP? Bad idea. Better to put your your money in a precious metal mutual fund instead, so you can avoid ownership and storage fees.

>> No.11993316

>>11993293
if you aren't holding it, it isn't yours

>> No.11993363

>>11991297

Yeah sure let me just hop on my spacetruck and drive to the nearest space goldmine.
Real talk though, the eggheads were talking about 25-30 years for a proof of concept and at least 50 years for an actual commercial operation. That's too long a timeframe to worry about it.

>> No.11993438

>>11993276
Fiat is a store of wealth?

100 years ago 20$ was a good weekly salary. Today 20$ Barely buys you a cheeseburger and a beer.

100 years ago gold equaled 20$ and equaled a good weekly salary. 100 years later that gold ounce still equals a good weekly salary because you get $1,200 in fiat for it.

What is so complicated to understand about that?

Federal reserve NOTE... the dollar is a debt instrument

>> No.11993502

>>11993293
lol you gotta be fucking kidding me?

>> No.11993532

>>11993293

so you're just buying it for the sake of ownership, then? You do know you have to pay fees to actually store your own gold, right? In my personal opinion, that makes gold a liability, not an asset... it's not dissimilar from buying a house, you still have to pay bills on it. Yes it retains value (again, like a house), but you're not putting that money to work. It's just... there.

Again, a precious metal fund has fees of course, but in that case you're actually buying rights to businesses that handle those metals. That is actually an asset because you're earning dividend on it. Also if push come to shove you can liquidate your holdings much more easily.

>> No.11993546

>>11993532
meant to quote
>>11993316

>> No.11993589

>>11993532
Dude you can put 100k worth of gold in your pockets.

I'd rather hide my own wealth, then keep it in the bank where the Jews steal your wealth through inflation

>> No.11993594

>>11993438
the value of gold isn't consistent either, the difference isn't fundamental. people in Venezuela buy US dollars with their rapidly inflating local currency because it's a relatively stable store of wealth.
also fiat is first and foremost designed as a medium of exchange. the whole idea of target inflation is to encourage people to hold as little of it as possible and invest what they don't immediately need.
>Federal reserve NOTE... the dollar is a debt instrument
any money can be described as debt. currency as a whole is just a network of IOUs. if you trade a chicken for a nugget of gold that guy is in debt to you the equivalent of one chicken of value.

>> No.11993606

>>11993532
You don't want to liquidate your gold dude.

The ENTIRE POINT of owning gold is so you have money and wealth for when fiat fails. That's IT! So you have a dollar implosion and your 30 ounces of gold will save your ass and the transfer of wealth into those 30 ounces of gold will be immense.

If some faggot fund holds it that defeats the purpose of owning it if your going to liquidate it into fiat which is what you are buying gold in the first place to protect you against

>> No.11993643

>>11993594
>>11993594
People in Venezuela who had a portion of their wealth in gold or silver before the currency collapse ain't starving. Yeah some people try and get some dollars only because it's impossible for them to get gold. Their wealth is already destroyed. You telling me that if you were in Venezuela 7 years ago and knew what was going to hit...... that you would rather just wait for the collapse and try and scramble to get a few U.S. dollars instead of putting your wealth into gold before hand?

>> No.11993656

>>11993594
Gold isn't debt dude. Gold is the payment! The dollar USED to equal gold!

The gold is the payment for the chicken. There is no debt your paying for the chicken right then and there.

You used to be able to go to a bank and give them a gold ounce and get dollars with it and vice versa.

>> No.11993675

>>11993606
>>11993589

I see your point, gentlemen, and I understand that whet you're actually worried about is fiat economy blowing up and leaving you out in the cold. But in this case, wouldn't the smart thing to do be to buy productive assets instead? A farm, or a small hydroelectric plant. That way you have something of value to anyone that you can exchange incredibly easily when the market implodes.

Gold (or to go back to my previous example, real estate) are static assets... they do keep their value, but they require upkeep.

>> No.11993684

>>11993438
It was $300 in 2001. A meh weekly salary.

>> No.11993686

>>11993594
Inflation is fine when you have market set interest rates and a gold standard.

And what the fuck is wrong with "holding" or rather saving money? You understand without savings you don't have a sound economic economy... right?

You realie we are 20 trillion in debt because we have fiat currency and people don't have any savings anymore, right?

If you think holding onto or saving your money is a bad thing.... then Jesus Christ man....you are living in an alternative universe.

Old people can't even retire anymore because inflation is destroying their wealth. Cost of living is skyrocketing. That's because we aren't on a gold standard anymore.

>> No.11993766

>>11993675
Sure... I'm not saying just buy gold. It's good to have those things. Some people say if the dollar collapses its best tonhabe canned food and ammo and shit like that not gold. Well wtf is someone going to do? Put their entire net worth into canned foods and guns?

Also in a currency collapse..... you will have a deflationary collapse of all asset prices. Gold will be revalued somewhere between 10-50k per ounce to soak up all that debt. So a 200k house right now is worth 20k after a currency crisis and now that 1 gold ounce buys you a home. Not saying it will be exactly 1 ounce of gold but that's the idea.

Remember the story of the hotel bellcap in Weimar Republic Germany? He had 25 ounces of gold saved up. Not a ton but a nice little stash of gold. When hyperinflation hit.... he was able to buy an entire city block with that measly 25 ounces of gold.

So THATS where gold shines.

Silver too......... a silver piece the siZe of a silver dime for most of human history and even in much of the world today used to equal a days wage. And only because of fiat inflation does a fine buy you nothing today.

So when shit collapses.... that silver ounce will be worth 2 weeks of wages. Since 14 silver dimes equals a silver ounce. So for 13$ to buy a silver ounce now in the fiat paradigm.....each 13$ ounce you buy is equaling 2 weeks worth of wages. So 500 ounces of silver will literally be 7,500 days wages which is 20 YEARS. And it'll actually probably be twice as much as that when the pendulum swings back the other way because there's billions more people on the planet and much less silver available.

So 8k in silver right now has the potential to be generational wealth

>> No.11993811

>>11993684
The paper price of gold they fuck with. There's a lot of fuckery by comex but over longer periods of time it remains constant like that.

You can go read a passage in the Bible where 2,500 years ago it said a gold ounce bought you 350 loves on bread.

Well if you take that same gold ounce from 2,500 years ago and take it to a coin shop you'll get $1,200 and if you take that $1,200 to the grocery store you can still buy roughly 350 loaves of bread. Since bread is about 3.50$

>> No.11993886

>>11993643
>People in Venezuela who had a portion of their wealth in gold or silver before the currency collapse ain't starving
Venezuelans who held on to stock in companies outside of the country aren't starving either. again you're not meant to be stuffing fiat under your mattress. if you want to invest it in gold, that's fine, but I can bet you that those who invested in equity are better off.
>Yeah some people try and get some dollars only because it's impossible for them to get gold.
you have a source saying that they're preferring gold to US dollars? because it's not like you can buy stuff with strait gold. you would need some quick and reliable way to trust that the amounts needed to buy groceries (flakes of the stuff) are genuine and able to check prices everyday in case of fluctuations of it's value outside the country.
>Gold isn't debt dude. Gold is the payment!
they're both arbitrary symbols of value. you can't use the gold on it's own. you don't do you job because you want gold. you do it because of the stuff you can exchange for gold. it's the exact same with fiat
>The dollar USED to equal gold!
>That's because we aren't on a gold standard anymore.
come to think of it. I've never heard the rebuttable to the deflationary spiral from someone who supports the gold standard.
if bitcoin has demonstrated anything, it's that a deflationary currency causes hoarding and extreme volatility.

>> No.11993948

>>11993886
1. Stocks are different than money. Most Venezuelans in sure didn't have stock outside the country.

2. You don't need a source. If someone is trying to get say..... 10$ in USD with their worthless bolivars. Sure that 10$ USD will probably last them for a little bit but you'd obviously rather have the gold ounce right? Since 10$ wouldn't even buy you 1/100th of a gold ounce. This is just basic logic right?

So let's say a gold ounce will last you 2 years in Venezuela. You don't protect yourself with gold before the currency hyoerinflates away. You have 40,000 bolivars in the bank and that gets you 20$ worth in USD and that 20$ USD is enough to get you just food for a month.

Obviously you want that gold ounce ahead of time right? Sure if you can get your hands on a few bucks USD that's going to help but if you had 5-10 ounces of gold before the bolivar collapsed you'd be sitting fucking pretty as fuck. Get it now?

>> No.11993970

>>11993886
4. Inflation or deflation doesn't matter when you own gold. Your shit is locked in. It is impossible to lose owning gold.

>> No.11994099

>>11993948
>Most Venezuelans in sure didn't have stock outside the country.
if they can't afford a stock portfolio, they're not going to be able to afford gold.
>ure that 10$ USD will probably last them for a little bit but you'd obviously rather have the gold ounce right?
again, how would they spend the gold?
they need money so they can buy necessities. they're not going to bury it in case of of a crisis like you are. they're already in a crisis.
>Since 10$ wouldn't even buy you 1/100th of a gold ounce. This is just basic logic right?
no, you're reasoning is breaking apart somewhere. are you trying to say that the a Venezuelan can buy more value in gold than value in US dollars? that sounds like that skit where the guy thinks a pound of steel should weight more than a pound of feathers.
>4. Inflation or deflation doesn't matter when you own gold. Your shit is locked in. It is impossible to lose owning gold.
maybe on a personal level, but that doesn't cut it on a national scale. you're happy to cite historical events where inflation ruins a country in favor of gold, but setting a hard limit on your money supply has done just as much damage. the great depression, opium wars, etc.

>> No.11994233

>>11994099
>>11994099
1. But you don't need that much gold or silver. Literally 1 ounce of silver buys you 3-4 months of food on the black market down there. So it's not like you need to be some intl stock market investor to have a measly 15-20 ounces of silver or couple ounces of gold.

2. Dude.... you can convert gold into fiat anywhere in the world. You think farmers down there or whoever wouldn't take a gold or silver when their currency is worthless? What is the delusion in thinking that you can only buy something if you have fiat paper? It's pure delusion.

3. No dude.... if someone has $1,200 in US dollars in Venezuela right now then he doesn't need that ounce of gold (in theory) because that gold ounce equals $1,200 on the world market.

If you have $1,200 in USD right now then you are sitting pretty relative to most Venezuelans.

the problem is...... your entire net worth in bolivars might only be able to get you say 15$ in USD after the bolivars collapse. So obviously it's impossible for your avg Venezuelan to purchase an ounce of gold since its $1,200. And they are literally trying to survive down there right now because they are starving. So obviously if your entire net worth in bolivars only gets you 15 USD your going to take it and maybe that feeds you for a couple weeks or something.

But before the currency collapse happened you put your net worth into gold maybe you have 4-5 gold ounces and now you are sitting pretty with that gold since you acted before the crisis.

Now that the crisis has hit and your bolivars aren't worth shit and it's hard to get food.... of course you are going to try and get some USD which has value. Because you need to eat right now.

Get it?

So before the currency collapse you maybe could have gotten 4-5 ounces of gold and you'd be sitting pretty ..... now after the currency collapse maybe you can only get 15$USD for your entire net worth in bolivars. Which won't last you that long

>> No.11994329

>>11994233
actually in venezuela people prefer usd right now to metals. more solvent.

>> No.11994340

>>11994099
I think your problem is you aren't understanding that your value is being stored before a currency crisis. You are just thinking about payment in gold.

If you had inside knowledge that the dollar would hyperinflate in 2 weeks and will lose 90% of its value. Your going to go put most of your cash in gold right?

Well that's what happened in Venezuela. The currency failed. People got blindsided and they lost their wealth. Had they put their wealth in gold before the currency collapsed then the people who did that would be fine.

>> No.11994384

>>11994233
what I'm getting is that you're doing some seriously concerning mental gymnastics and comparing a pre collapse gold purchase to a post collapse USD purchase, which isn't a fair comparison. (honestly you might benefit from seeing a therapist or something)

>> No.11994428

>>11994329
Jesus Christ. Did you not just read my long fucking post? Seriously will you just listen?

I understand that dollars are just fine in Venezuela.

My POINT IS........(and these numbers are totally not accurate but to just make a point l) if you have 100k bolivars to your name prior to the currency collapse..... and that 100k buys you 10 ounces of gold which equals $12,000 USD. But you don't buy those ounces of gold.... and the currency collapses and it's basically worthless. Now that 100k In bolivars you have can be exchanged for say 100$ USD which isn't that much but maybe it lasts you a month or so. But that 100$ is only 1/12th the amount of 1 ounce of gold.

But had you bought the gold BEFORE the collapse now that ounce of gold will be able to get you $1,200 USD which is 12 times the amount of the 100$ that that 100k in bolivars got you in USD after the collapse. And you would have 4-5 ounces of them too.

>> No.11994500

>>11994384
You aren't understanding that that pre-collapsed purchased gold in bolivars is going to yield you tons more USD than a post collapse bolivar is going to yield you USD?

I don't understand what it is you aren't understanding? I understand people use dollars in Venezuela post collapse.

But if you put your money into gold before the bolivar collapsed. You can now use that gold to get tons more usd than if you just let your bolivars become basically worthless and then not be able to exchange it for much USD after the collapse.

Maybe I need to see a therapist but you need to take a class in logic. Not sure what it is you aren't understanding about what I'm saying. Your being spoonfed

>> No.11994562

>>11994428
>I understand that dollars are just fine in Venezuela.
no not just fine it is the most sought currency. preferred over anything else. if you try to do commerce with gold you will get ripped off bad. they will take it maybe 1/4th of it's value.

>> No.11994638

>>11991827
What if you managed to place magneto acoustic metals bands inside of the ingot to achieve the proper resonance?

t. Doesn't know how resonance is affected by environant resonances

Do you know about material engineering anon? I am applying for it soon, do you recommend it? I have always liked knowing about matetial properties, metallurgy, etc.

>> No.11994656

>>11994562
I get that retard. I understand that people would rather transact in usd then gold.

But your fucking retarded and you aren't understanding that those bolivars are basically worthless and barely get you any USD compared to the amount of USD you'd be able to get had to put your once valuable bolivars into gold before the collapse.

Wtf are you not understanding?

if you have your bolivars in a Venezuelan bank and the currency collapses. Maybe you can only exchange your entire net worth for 50$ USD. You understand people are fucking starving there right? So they are transacting in dollars but most people don't have any meaningful amount of USD to buy a lot of stuff with.

But had you had bought say a measly 3 ounces of gold before the bolivar collapsed..... now you can exchange those 3 ounces of gold for $3,600 USD and you are sitting pretty!

If you randomly polled 100 Venezuelans how many of them do you think have $3,600 usd? I'd bet ZERO have that much. But had a Venezuelan bought 3 ounces of gold pre collapse. Which isn't that much...... they'd have $3,600 USD and would be sitting pretty

You guys are brain damaged if you can't understand something so simple

>> No.11994818

>>11994500
>You aren't understanding that that pre-collapsed purchased gold in bolivars is going to yield you tons more USD than a post collapse bolivar is going to yield you USD?
I mean you're supposed to be comparing a pre collapse gold purchase to a pre collapse USD purchase. black markets aside, the price of both didn't change significantly through the crisis.
what you should be comparing is:
bolivars -> USD -> *collapse* -> spending
to:
bolivars -> gold -> *collapse* -> USD -> spending

>>11994656
>If you randomly polled 100 Venezuelans how many of them do you think have $3,600 usd? I'd bet ZERO have that much. But had a Venezuelan bought 3 ounces of gold pre collapse.
why would a Venezuelan be able to afford $3,600 worth of gold, but not be able to afford strait $3,600 USD?
and the vast majority of people don't have thousands of dollars worth of gold sitting in their homes either. if you're going to disaster prep in a smaller country I'd think you'd go for the paper USD you can spend immediately instead of gold you have to find an exchange for and then haggle over rates.

>> No.11995022

>>11994818
1. I see what you are saying.... but why would you be buying and holding another countries currency? I mean in theory and it will happen.... the usd will hyperinflate just like the bolivar. So it makes much more sense to just buy gold. I mean it's not like we are going to go buy another country's currency in anticipation of the dollar collapsing.

2. Venezuelans weren't poor like Africans pre collapse. They lived relatively well. I'm sure it wasn't much of a sweat to purchase a couple ounces of gold ore bolivar collapse for an average Venezuelan.

And you don't need thousands of dollars worth of gold. In Venezuela right now 1 ounce of gold would buy you a home. You don't have to put your entire net worth in gold in America to make out like a bandit in a currency crisis. 5-10 ounces of gold and 2-300 ounces of silver will be like generational wealth

>> No.11995375

>>11995022
>but why would you be buying and holding another countries currency?
because the USD is the international standard. the USA isn't the only country that uses it as their national currency. it doesn't feel like it when you live in the US, but to everybody else it's the go to for stability.
https://en.wikipedia.org/wiki/International_use_of_the_U.S._dollar
>the usd will hyperinflate just like the bolivar.
I guess you're free to believe that, but that's as insane for reasons I'm not getting into. you're to look up why yourself, but it sounds like your pegging anything that supports fiat as a conspiracy theory
>mean it's not like we are going to go buy another country's currency in anticipation of the dollar collapsing.
why not? if you're storing thousands in your house you may as well have a few hundred in Euros or Canadian. people are eventually going to convert that gold into one currency or another. you can't keep expecting every vendor to pull out a micro scale every time someone wants to spend $10 of gold.
>You don't have to put your entire net worth in gold in America to make out like a bandit in a currency crisis. 5-10 ounces of gold and 2-300 ounces of silver will be like generational wealth
I think it's a waste of money, but sure, hide a gold bar under your bed. but that's no reason to want the entire country back on the gold standard. and if it was you wouldn't have your opportunity to make your generational wealth by betting on some disaster.

>> No.11995421

>>11991827
Glencore?

>> No.11995692

>>11994656
>But your fucking retarded and you aren't understanding that those bolivars are basically worthless and barely get you any USD compared to the amount of USD you'd be able to get had to put your once valuable bolivars into gold before the collapse.
that would be idiotic instead you just hold usd you are 4 times better off.