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/biz/ - Business & Finance


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12071047 No.12071047 [Reply] [Original]

>gold is a store of value
lol wut no
current spot price of gold = $1,251.50
current price of gold (apmex) = $1,301.59
in other words you lose 3.85% of your wealth instantly just buy buying gold because of the spread between the market price and spot price

>fiat isn't because of inflation
inflation rate is 1.9%
you can get 2.05% from just putting your money in a high interest savings account
so if you hold your wealth in cash it actually grows at 0.15% per annum

the gold return over the past decade has been 0.1% per annum
so in other word if you buy gold you lose 3.85% instantly + 0.05% annually
gold isn't a store of value

>> No.12071087
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12071087

in other words gold is a scam. i agree. bitchcoin go up more

>> No.12071094
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12071094

>>12071047
>enabling the thot facism by handing tips to roasties
>who then shame you and call you a weirdo for being a nice guy and giving 50$
Why do burgers are such megacucks?

>> No.12071117

bitcoin has replaced gold for millennials and above anyway. gold is going to keep losing relevance and value.

we'll see how many goldbugs kill themselves when gold actually returns to its "intrinsic value"

>> No.12071123

>>12071047

I am legit convinced that the median IQ of this board is somewhere around 80

>> No.12071127

>>12071047
The values you are referring to are bubbles, gold isnt, there was a gold bubble in 2011 but ohterwise it has remained a stable hold of value through most of history. Shit made of gold 2000 years ago is still valuable, dead currencies are not.

>> No.12071129

>>12071047
WHERE IS THE THOT AUDITOR

>> No.12071132
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12071132

>>12071047
and use the stupid pseudo-weirdo excuse just to brag on social media about how strangers find her attractive
Self centered vapid bitches in need of validation are really the worst. Its like the jpg with the duck face cunt in the gym writing "lol new pose?"

>> No.12071147
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12071147

>>12071047

>> No.12071166
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12071166

>>12071127
>it has remained a stable hold of value through most of history.
>he doesn't know about the silver standard swapping scams by lombards bankers, city-state of Venice and the british the east indian company...

>> No.12071180

>>12071047
>you can get 2.05% from just putting your money in a high interest savings account
umm no lol

>> No.12071193

>>12071047

I agree, gold is a fucking shit meme. Currently am dealing with my grandparents gold stash that they bought back in 2011. They got suckered in to buy a whole lot back then and have been holding it at a loss even since.

I'm trying to get them to sell it, but not sure if it might swing up again due to the possibility of another economic downswing in the coming years.

>> No.12071206
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12071206

>>12071180
>2.05%
>high interest

>> No.12071208

>>12071047
>in other words you lose 3.85% of your wealth instantly just buy buying gold because of the spread between the market price and spot price
are people this retarded? you don't lose anything because you can turn around and sell it for that price on the market. the 3.85% or w/e it is is becuase you're buying a product (coin, bar, round etc) that has been refined, measured, verified, and stamped by a private or govt mint, they can't just do that for free, that costs money

>> No.12071228
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12071228

>>12071193
>be traditionalists
>buy gold at ath when you could have bought gold for under $200

are you and your family niggers by any chance?

>> No.12071232

>>12071180
> amex 2.00%
> ally 2.00%
> goldman 2.05%
> barclays 2.05%
when’s the last time you left the basement

>> No.12071265

>>12071208
APMEX buys for $1,254.50, which is under spot.

>the market
lol

>> No.12071276

>>12071228

What does traditionalism have to do with it faggot? I'm white and my grandparents were in their 70's back then and got suckered into buying because some faggot visited their church and told them gold was a good buy. They didn't consult anyone about it beforehand, they didn't even check a chart. I swear it was old age settling in because they both have issues now they are hitting their 80's.

>> No.12071278

>>12071206
No bank gives interest that comes anywhere close to beating inflation. And that's not even taking into account that official inflation is a bullshit statistic in itself.

>> No.12071289

>>12071265
if you sell to APMEX they will give you around spot, which is far better than a pawn shop. Selling like that should be your LAST resort. You can sell to other individuals for what you paid for it.

>> No.12071315

>>12071094
I stopped tipping. I just pay in cash, dont return to the same place.

>> No.12071398

>>12071289
I wouldn't pay some random guy APMEX prices, I'd pay him less.

I see your point but I think you're overly optimistic, and also you would be volume limited to the amount you could sell to randoms.

>> No.12071501

Gold is insurance against fiat crashing.

A few percentage points don't matter.

Take the euro, will it even exist in 20 years or will it go the way of the Venezuelan peso?

Gold protects in a crash

>> No.12071515

>>12071501
ok buddy see you in 200 years when western fiat collapses

>> No.12071538

Gold is fucking useless compared to crypto. Kys

>> No.12071561
File: 65 KB, 1024x471, 1542854218709m.jpg [View same] [iqdb] [saucenao] [google]
12071561

>>12071515
Mate fiat existed for 50 years only. I doubt it'll reach a 100.

>> No.12071585

>>12071315
>I stopped tipping.
based
>I just pay in cash, dont return to the same place.
why? you are afraid they call you out for not tipping last time?

>> No.12071591
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12071591

Nigga plz, gold is the best investment you can make right now. Debt bubble is gonna sink the market in less than a year.

>> No.12071602

>>12071561
the best thing is the kikes start to believe in their own deception & lies
>when you lie and jew people fo so long that you start to jew yourself out

>> No.12071605

>>12071123
Make a point or fuck off faggot

>> No.12071680

>>12071047
Will the millionaires, billionaires, and bankers rush to 10 year old crypto or 2% savings accounts to preserve their wealth when the dollar starts shedding 10% of its value a year?

No, they're not retarded.

This isn't that far off either. Debts are growing exponentially which means the time till the collapse is decreasing exponentially.

>> No.12071719

>>12071585
They're spit in your food.

>> No.12071754

>>12071602
Never goyim

>> No.12071950

>>12071047
>218 AD: 1 oz gold = 1 standard organic cow
>2018 AD: 1 oz gold = 1 standard organic cow
>1 oz gold from 218 AD = 1 oz gold from 2018 AD
stop dreaming about moon lambo

>> No.12072050
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12072050

>>12071950
Your a moron.

>> No.12072115
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12072115

>>12072050
What's that chart have to do with anything? Are you unfamiliar with the concept of purchasing power?

>> No.12072142
File: 20 KB, 483x413, 1537598114192.png [View same] [iqdb] [saucenao] [google]
12072142

>>12072050
BEHOLD
THE CHART THAT KILLS ALL GOLDBUGS

>> No.12072160

>>12071047
At least gold is the last financial asset which isn't in a bubble.

>> No.12072166

>>12072142
Too bad I wasn't born during the Civil War, I'd be so rich by now.

>> No.12072175

>>12072142
That doesn't even include dividends for stocks LOL

>> No.12072178

>>12071276
>Similar to the Bitcoin bullrun in 2017

>> No.12072327
File: 47 KB, 600x349, cur_against_gold-600x349[1].jpg [View same] [iqdb] [saucenao] [google]
12072327

>>12072142
gold was never supposed to go up in value. that meant your currency was inflating to shit. gold is savings.

all currencies were pegged against gold.

that chart also doesn't take into effect taxation loss. overlay global energy use per capita and global population growth on that and you'll find a nice correlation. unfortunately, per capita energy use has actually flatlined since the 2000s and western populations are now declining due to insufficient birth rates.

the folly of humans is extrapolating linearly into the future. japan is the future because demographics is destiny. only 4 components to economy: humans, natural resources, energy and technology. the first 3 are already in slow decline. african population doesn't matter because they have 1/20th the spending power as a western nation.

this picture is what gold is supposed to be a hedge for.

better tell the entire world's central banks that gold is useless. protip: even the USFED lists gold as collateral on their balance sheets.

the time is fast coming that the rest of the world no longer accepts US hegemony in global finance. after the closing of the gold window, the US printed to infinity. deficit spending forever. once a financial reset takes place, there will be no other financial vehicle completely independent of nation states other than gold. bitcoin doesn't count because the old money doesn't own enough of it. if a crypto becomes a new reserve asset, it will be an invention of the powers already extant. the ultra rich however do own what this board hates: gold.

>> No.12072362
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12072362

>>12071602

>> No.12072384

all money is just energy in a different form. BTC and gold are valued by the energy it took to make them and to maintain the network. FIAT is valued by future energy of labor disguised as debt and inflation. it's why it will always out create itself and fail. right now, crypto is being used as a valve to release some pressure, caused by inflation, to keep the system going. it will only be able to continue for so long until crypto is all that is left.

>> No.12072408

>>12072142
Doesn’t this just show that gold is a good store of value compared to USD

>> No.12072534

>>12071047
What has Golds return been over the last 20 years?

>> No.12072597

>>12071602
Israel was the best thing that ever happened to them, now they can see if their ideas and ideology will work or not
I mean, they are definitely hard workers but will it be enough? Find out within the next 50-100 years!

>> No.12072612

>>12072384
Gold will always have a physical value, it is a wonder metal. BTC can be replaced by any other coin.

>> No.12072630

>>12072612
>what is modern alchemy
>what is asteroid mining
No one wants to buy your shiny bags boomer.

>> No.12072682

>>12072630
if energy required for neutron bombing or space mining is cheap, socialism utopia has come and money is no longer needed.

>> No.12072691

>>12072612

Silver is a wonder metal, gold is just heavy useless shit that looks nice and shines.

>> No.12072716

>>12071047
Gold is pretty much more useful as the material used on my HDMI cables than making an actual profit and that pic enrages me

>> No.12072727

gold is not an investment, its:
>an insurance
>a store of value at best
>a currency

>you can get 2.05% from just putting your money in a high interest savings account
an be prone to confiscation by government or new withdrawl limits of your bank

gold as a currency is how old? + 1k years?

>> No.12072771

>>12071047
Goldmoney.com charges 0.5% premium and 0.01% to store per month so 0.12% per year

>> No.12072786

>>12072142
How did they include companies that went broke. From experience, they don't.

>> No.12072817

>>12071605
store of value implies that it is something that will most likely remain valuable regardless of the current economic system, as supported by history records. and that anon is right, the median iq of this board dropped from about 110 straight to 80 after december/january.

>> No.12072890

>>12072771
far lower than tether fee, that is assuming tether can be withdrawn.

>> No.12072946

>>12071047
>guy tips $50 and leaves you a nice comment on the receipt
>practically dox the dude by showing his signature to everyone
women were a mistake

>> No.12073062
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12073062

Gold always goes up in recessions. It's a bag of rocks falling in value until it's not.

Do not use GoldMoney. They are a scam. There are all kinds of surcharges involved that will erase any gains you may have.

Just withdrawing to a bank account costs something like 20$. It's a joke.

I have some gold with those cunts. I will sell it in 1-2 years when the recession kicks in.

>> No.12073076

>>12072771
Fucking lie, try withdrawing - then you will find out what it actually costs.

>> No.12073078

>>12071193
>I'm trying to get them to sell it, but not sure if it might swing up again due to the possibility of another economic downswing in the coming years.
Huh.

>> No.12073489

Y'all niggas can't see the truth, Gold will never lose

>hurr durr fucking boomer lulz

>>12072327
This nigga understand a bit.

Why y'all bitch asses hatin' on gold ? Like this mf said, once we'll hit the reset button, Gold will Always be there. Not you USD or EUR. Maybe bitcoin or some other shit but FIAT"s about to get fucked.

The world is begining to slowly dying , we have maybe 1 or 2 generations left to survive If we don't do anything.

So be prepare to accumulate.

>> No.12073799

>>12072142
This is an idiotic chart since gold can't go bankrupt.

>> No.12073854
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12073854

>>12071047
>inflation rate is 1.9%
You probably believe true unemployment is what the official retarded definition unemployment rate numbers are too.

>> No.12073865

>>12071561
>Mate fiat existed for 50 years only.
See history of china.

>> No.12073868

>>12071719
As they should

>> No.12073894

>>12073854
>muh inflation

why do goys think this matters? OPs point is FIAT currency in a basic savings account performs better than gold. It doesn't matter if inflation was at 10%, FIAT is still losing less vs speculative lumps of metal.

>> No.12073903

Bitcoin obituary is now 9 years old with a heap of entries. Golds obituary of saying its dead it 5000 years long. Don't be a fucking new money fag and understand that gold is absolutely valuable. There is only 1 tennis court cubed above ground. Its fucking rare.

Gold spot is a fraud just like the official gov venuazelan currency price.
But anyway the spot price defines good delivery bars of 15kg (bulk) if you buy smaller units then naturally its going to be a little above spot

>> No.12073912

>>12071047
audit this fucking THOT asap, all tips must be taxed

>> No.12073940

>>12071278
this
if it was as easy as putting money in a saving account then the entire scam called inflation would be pointless and wouldn't even work

>> No.12073977

>>12071680
they will diversify you brainlet, all of you retards are thinking in a 0/1 type of way. They don't need to put more than 1% of their wealth for us to retire soon, stay on the sidelines with your fiat or gold bags and watch us neets making bank, can't wait to see all the smartasses miss out because they thought they were "too smart" for crypto

>> No.12074942

>>12071047
>women on easy mode with cheat codes.
I get happy if I make 50 bucks in tips a week never mind per customer.
If I was a women I'd flirt like a common skank.

>> No.12075494
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12075494

>>12071047
enjoy it while you can, aging woman

>> No.12075518
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12075518

>>12071047
Gold's price in fiat isn't real, you fucking Rothschild pyramid nigger monkey. The purpose of gold is insurance for when fiat fails and goes to 0. Which happens 100% of the time

>> No.12075532

>>12072142
>andromeda research
I'm sure that's a totally legit, well sourced graph

>> No.12076544

>>12071719
"Extra spit please" is a fun one when you order the next time though.

>> No.12076934

>>12072142
1871 yep, now that was a timeline

>> No.12077136

>>12071117
>bitcoin has replaced gold
are you fucking retarded?

>> No.12077376
File: 33 KB, 656x465, Unbenannt.png [View same] [iqdb] [saucenao] [google]
12077376

>>12072534
Breddy gud

Would have made the most if you sold in '11, but it's still paying off

>> No.12077772

>>12071719
>>12073868
These. Thats why the only places I return to are like women owned/operated. That way I hope they spit in my food for not tipping. They think they're being disgusting but they've only fell into my trap.

>> No.12078270

>>12072327
>bitcoin doesn't count because the old money doesn't own enough of it

Pro tip. It doesn't matter what big money thinks at that point. If bitcoin is seen as a viable alternate for FIAT by the common man they can start accepting it whenever they want leaving the big money for dead should they not follow suit. Gold can be used as a hedge not as a medium of exchange in the global world due to it not being fungible enough nor is it fast to transfer long distances.

>> No.12078277

>>12071047
lmao 2%
treasury titles have 11% year interest
and you're STILL losing money to inflation

MODS ban this kike

>> No.12078293

>>12072682
>if energy required for neutron bombing or space mining is cheap, socialism utopia has come and money is no longer needed.

You underestimate mans greed and lust for power. There will never be a communist utopia no matter how much technological progress we achieve.

>> No.12078302

>>12077136
No he is so hopeful that this will be the thing that vindicates his life of all his past failures, including 2017 20k jump, despite spending his best years on the internet that he is becoming delusional.

>> No.12078424

Gonna be getting my first half oz of gold tomorrow
Super stoked
OP will eat his words when the dollar starts to tank next year

>> No.12078443

Gold also has highly obscure and unresearched medical properties when ingested in minute quantities in a mono-atmomic form
Very interested to learn more about that as well
Something that is certainly being hidden from the public

>> No.12078492

>>12078424
>OP will eat his words when the dollar starts to tank next year
Can always spot the younglins. You realize that people have been predicting this for well over a decade? Just around the corner right?

>> No.12078519

>>12078492
You realize the only reason it didnt happen a decade ago is because of the bail outs
The last major crashes were 08 and 98
Both would have been quite serious if the FED did not step it

>> No.12078534

>>12078492
Do you really think that (((they))) can just pump pump pump this thing up into infinity?
Honestly the only reason they patched and pumped it in 08 is because the burst wouldnt have been big enough to get the "results needed"

>> No.12078552

>>12078534
>>12078519
You said it yourself. They control the money supply. They can do whatever they want. A collapse isn't in their interests therefore a collapse won't happen.

>> No.12078562

>>12078443
WHAT???

>> No.12078568

>>12078552
A collapse is in the interest of those whos main savings are not in the form of fiat
(((They))) keep most holdings in stocks, metals, real-estate and commodities
Fiat is a joke to to them

>> No.12078581

>>12078562
Look it up
A lot of info about its properties is exaggerated or simply untrue just like many things in the world, BUT it does have some real benefits
People have been eating gold for thousands of years

>> No.12078590

>>12078568
The government needs fiat to pay their debts and nigger gibs and abortion clinics. Why do you think inflation exists?

>> No.12078597

>>12077772
Yeah and you faggot niggers wonder why people dont want to tip when you.spit in food and demand 50 bucks for handing a plate of food to a table and filling up water cups while making small talk.
I hate relying on tips and I hate people who feel entitled to tips enough to spit in peoples food.

>> No.12078607

>>12078590
The governments clearly arent concerned with paying their debts
Havent you realized thats a complete impossibility at this point and has been for ages?
Why do you think the debts just keep stacking up to the moon?

>> No.12078608

>>12078519
>FED
Why is it that cranks always treat Fed like it's an acronym? In any event, that's exactly why the Fed exists: to mitigate the sorts of crashes that occurred before there were central banks.

>> No.12078625

>>12078607
Actually the government debt (at least for the U.S.) isn't very severe, especially once you consider that a good chunk of it is held by government institutions.

>> No.12078646

>>12078608
Honestly I always wondered the same about why people make it look like an acronym, i cant answer that though im just used to seeing people use that as a shorthand for the Federal Reserve.
The Reserves management of crashes is leading the entire US into an innevitable collapse and every single person who has half a brain knows this is the direction things have been being driven in since 1913.
Do you realize the manner in which they fixed the 08 situation was simply just to print a niggerload of cash and thus cause a niggerload of inflation?
They expand the money supply to a completely unhealthy level which causes the power of the dollar to drop.

>> No.12078650

>>12078607
The government does pay its debts, just a lot slower than it accumulates. If that weren't the case then no one would ever give them loans.

>> No.12078665

when u recognize that those who hold the legal right to the US currency and the organization of its inflation/deflation is that of a foreign nation (IE Israel). It becomes very apparent why those who control the printing and distribution of the US dollar do not have the interest of the nation at hand.

>> No.12078678

>>12078650
When was the last time the US wasnt in millions if not billions of dollars in debt? Honestly I dont know.

>> No.12078680
File: 19 KB, 703x911, 1543428013140.png [View same] [iqdb] [saucenao] [google]
12078680

>>12071278
>>12073940
>inflation is a scam u guise

>> No.12078681

>>12078646
>The Reserves management of crashes is leading the entire US into an innevitable collapse
False.
>every single person who has half a brain knows this is the direction things have been being driven in since 1913.
Meanwhile, the people with whole brains know better.
>Do you realize the manner in which they fixed the 08 situation was simply just to print a niggerload of cash and thus cause a niggerload of inflation?
Except it really wasn't and it really didn't.
>They expand the money supply to a completely unhealthy level which causes the power of the dollar to drop.
Nominal inflation is perfectly normal and healthy.

>> No.12078682

hi

>> No.12078690

>>12078665
Oh, you really are just a troll / crackpot. I guess I wasted my time.

>> No.12078702

>>12078681
Im hearing a lot of talk but no "proper" explanation of those things you claim ive mistakenly stated.
I am willing to hear you out.

>> No.12078705
File: 42 KB, 514x571, jew4u.jpg [View same] [iqdb] [saucenao] [google]
12078705

>>12078680
>oy vey it's a good thing that the government can reach into your pocket whenever they want with no accountability and no transparency

>> No.12078724

>>12078690
Who owns and operates the reserve?
Dual Israeli citizens.
That is a fact.
Do you not understand that?
Why do you think the reserve will never allow itself to be audited?
Why do you think its never been admitted who the founders or current owners are?

>> No.12078765

>>12071315
What happens if I insist on tipping the cook and not the waitress? He makes my food and cooks often make less because the wait staff hogs all the tips except in the rare case where the restaurant distributes tips to all staff

>> No.12078769

>"As of October 28, 2018, debt held by the public was $15.8 trillion and intragovernmental holdings were $5.8 trillion, for a total or "National Debt" of $21.6 trillion."
Wonder why we will never see this reduced to anywhere even CLOSE to zero.
I highly doubt we will ever see it reduced to the MILLIONS.
> Hur dur I wonder why?

>> No.12078772

>>12078724
Who are you referring to exactly

>> No.12078795

>>12078724
>Who owns and operates the reserve?
The Fed isn't "owned", it's a system that involves both private aspects (e.g. member banks) and public aspects (e.g. the board of governors). Asking who owns the Fed is like asking who owns the CIA. The closest thing there is to ownership is that member banks are required to buy shares in their regional federal reserve bank, which doesn't even work the way that shares in a corporation do.
As for who operates it, the board of governors are nominated by the President and confirmed by the Senate.
>Do you not understand that?
The big problem with cranks is that they don't understand how the Fed is structured.
>Why do you think the reserve will never allow itself to be audited?
The Fed is already audited. The whole "Audit the Fed" thing is an intentionally misleading effort to give Congress more direct control over monetary policy, which the Fed was specifically created to prevent to keep partisan politics out of it.
>Why do you think its never been admitted who the founders or current owners are?
It was founded by congress and it doesn't have owners.

>> No.12078824

>>12078772
>Ben Bernanke
>Janet Yellen
>Stanley Fischer
Those are just a few among many

>> No.12078860

>>12078270
gold is fungible down to the atom.

investors can buy 1g coins.

going to gold backing means gold certificates. exactly the system back in the day. we moved to a paper certificate system because it was more convenient than lugging around physical ingots. then fully to fiat. the bimetallic standard also existed for small denomination purchases. gold was never a 1 to 1 backing. it was always 10 or 20 to 1 backing.

physical gold rarely moved. certificates of their ownership moved when the system was functioning properly. because banking is fundamentally about trust. if someone actually demanded physical gold from another, it was because they did not trust the ability to pay.

there's nothing preventing a blockchain based gold monetary system. there would be a small amount of inflation due to real mining but that is necessary to fund new borrowing. otherwise, you're talking about a completely deflationary currency. i don't think you realize what that implies.

the ultra rich of the world own you. they own everything you do, touch and smell. they control the media. they absolutely will control the transition to the next monetary system. whatever it may be.

>> No.12078861

>>12078824
All three of those people are no longer in office.

>> No.12078872

>>12078795
The authority of it was TRANSFERRED from congress to private investors
The right of congress to control the US currency has been relinquished
ALTHOUGH IT HAS BEEN ADMITTED that if congress were to so choose they COULD regain the right of the currency
Watch this video where that is openly admitted although such a fact/consideration has never been acted upon

https://www.youtube.com/watch?v=DNCZHAQnfGU

>> No.12078899

>>12078872
Whoops wrong link
Hold on lemme see if I can find the video
There is one video where either Greenspan or Bernanke literally says that congress can close out the reserve and regain the power to print money if it so chooses, lemme see if i can find it i thought that was it

>>12078861
I am aware of that I will also see if I can find more specific names, those where just the most readily available ones, it can be slightly challenging to look into specifics regarding such matters and I dont claim I have the names memorized.

>> No.12078908
File: 13 KB, 300x300, jr.jpg [View same] [iqdb] [saucenao] [google]
12078908

>>12078795
>Asking who owns the Fed is like asking who owns the CIA

Answer to both: This nigger

>> No.12078910

>>12078872
>The authority of it was TRANSFERRED from congress to private investors
False
>The right of congress to control the US currency has been relinquished
In the way that the printing of currency has been "relinquished" to the Treasury.
>ALTHOUGH IT HAS BEEN ADMITTED that if congress were to so choose they COULD regain the right of the currency
Of course. Congress created the Fed and they could abolish the Fed if they wanted. The authority of the Fed fundamentally derives from Congress.

>> No.12078952

>>12071047
The fuck is this receipt?
Is it normal for the employees to write their own tip and total and even sign it then tell themselves theyre beautiful?
Or was this the customer randomly singing some shit?

>> No.12078983

Only thing that worries me about gold investing is the lack of fractionality. In a true, complete ground-up remake of the monetary system even a 1/10 oz. coin is going to be worth a week's groceries for a family. Tough to get a smaller denomination that that unless you go into gram strips, and that's a lot of premium you pay out for them.

Silver seems like an infinitely better fractional monetary source. Particularly recognizable old silver coins like Mercury dimes and Walking Liberty half dollars - nearly everyone knows they're silver and not easily counterfeited. Throughout most of human history, the silver equivalent of a few Mercury dimes or a half dollar would have bought a days' labor or several days' food and basic supplies. There's always a need for a medium of exchange. Pure barter doesn't work for a lot of reasons, same with fiat. Silver is the nice niche in between.

>> No.12079102

>>12078983

infinitely divisible in a digital world. you deposit your 1 oz gold into a bank and you can spend fractions of it at a time. blockchain can accomplish this to prevent double spending.

btw, i don't own any crypto. only gold and silver.

however, the point of physical bullion is anonymity and privacy. honestly not sure i feel about a gold crypto. nothing is anonymous on the internet.

>> No.12079109

>>12078910
The Fed operates of its own accord and makes its own decisions without any outside influence
No oversight is done at all
Even on instances which are in the past
It was once asked why congress is not allowed to look at the OLD books even if it is "somewhat understandable" that looking at the current books could bring political influence into the decision making and the answer simply was that that could be very problematic for the Fed.
Why is that?

>> No.12079135

>>12079109
>The Fed operates of its own accord and makes its own decisions without any outside influence
False, as already mentioned the Fed leadership is selected by the President and confirmed by Congress. Once appointed they make their own decisions in accordance with their operating guidelines as established when the Fed was created by Congress. This is by design.
>It was once asked why congress is not allowed to look at the OLD books even if it is "somewhat understandable" that looking at the current books could bring political influence into the decision making and the answer simply was that that could be very problematic for the Fed.
The Fed's books are publicly available and audited dude. What the "Audit the Fed" people want to do is be able to control the Fed's actions through oversight, which destroys the entire point of the Fed to keep partisan politics out.

>> No.12079151

>>12079135
Why is Yellen demanding that no one should be allowed to view the books?
https://www.youtube.com/watch?v=pr1QTH-Il4w

>> No.12079158
File: 353 KB, 768x350, Screen Shot 2018-12-10 at 5.33.12 PM.png [View same] [iqdb] [saucenao] [google]
12079158

YOU CANT AUDIT THE FED THATS ANTISEMITIC!!!!

>> No.12079173

>>12078795
>he thinks the FED doesn't have stockholders

>> No.12079182

>>12079151
...did you even watch that video? Yellen is explaining why the Fed shouldn't be subject to second-guessing by an oversight committee. There's nothing about not viewing the books, which are publicly available.

>> No.12079195

>>12079173
This
https://www.youtube.com/watch?v=mXmNpdYpfnk
and this
https://www.youtube.com/watch?v=1QK4bblyfsc
and this
https://www.youtube.com/watch?v=n0NYBTkE1yQ

>> No.12079198

>>12079173
I literally said in there that it does. Cranks just don't understand that the shareholders (member banks) don't have the same rights as shareholders in, say, Apple. Shareholders select 6 of the 9 members of the board of their regional federal reserve banks, with the board of governors selecting the other 3, and all of the regional banks have to operate by overall Fed policy.

>> No.12079214

>>12079182
Where can we view the books?

>> No.12079238

>>12079198
You literally said, word for word, in >>12078795
>The Fed isn't 'owned'.

What the fuck do you think being a stockholder means?

>> No.12079255

>>12079214
On their website. Example: https://www.federalreserve.gov/monetarypolicy/bst_fedfinancials.htm

>> No.12079266

>>12079238
I know what it means in relation to the Fed, though you apparently don't.

>> No.12079297

>>12079266
oh yeah and no one could possibly confuse that as being 'ownership' of the Fed, right?

>> No.12079320

>>12079297
Lots of people get confused about it, which is how a lot of this crankery gets going.

>> No.12079715

>>12078705
did you think inflation is the same as taxes? Kys now

>> No.12080429

>>12071315
Based and redpilled unironically

>> No.12080453

>>12072597
Israel will only collapse once the US has as well. Until then they can count on the good goy Republicans for unlimited handouts

>> No.12080486

>>12071047
>buying physical metals
>not buying ETFs

>> No.12080519

Having a percentage of gold as part of your portfolio isn't a horrible idea, maybe 5 or 10%.
There are enough scenarios where it could have massive upside that it is worth it. Obviosly not gonna be my growth engine but I hsve other holdings for that.

>> No.12080793

Gold is just a shiny rock - it doesn't have an inherit value (inb4 muh electronics). At least crypto has real world uses. You think if a genius like Vitalik puts years of effort into something it will have no value?

>> No.12080833

the only people that like shiny rocks are tinfoil doomers, pajeets, niggers and women aka the bottom of the barrel of brainlets

>> No.12080943

Serious historical bias means boomers can unironically invest in gold for “safety” without deserving mercilessly mockery.

Young goldbugs however are truly the most autistic group in investing.

>> No.12081269

>>12080453
We need Rand Paul to save us

>> No.12081330

>100 years ago an ounce of gold bought a decent men's suit.
>Today one ounce of gold will buy a decent men's suit
>100 years from now an ounce of gold will still buy a decent men's suit
It's amazing that many people still don't understand this about gold

>> No.12081807
File: 1.77 MB, 3840x2160, IMG_0137.jpg [View same] [iqdb] [saucenao] [google]
12081807

When Bittulip get under $300 are you gold haters going to get so mad at us stackers that you explode in a flaming cloud or rage?

>> No.12081828

>>12071047
This is why I don't tip

>> No.12081842
File: 12 KB, 199x253, 149852733493.jpg [View same] [iqdb] [saucenao] [google]
12081842

>>12071719
>Don't tip food
>Go back
>Order more food
>They spit in it
>Leave once they've made your food

>> No.12082550

>>12081807
>theoretically infinite supply, objectively ever-increasing supply
>21 million tokens
better sell before people are getting their shiny rocks from asteroids, boomer ben

>> No.12082737

>>12078443
delet