[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 281 KB, 1111x1746, a52303bfdf6eb47cdefa1cbc05c6c2b3.jpg [View same] [iqdb] [saucenao] [google]
12436483 No.12436483 [Reply] [Original]

Are there any goldfags that DON'T believe that gold is "real" money?

>> No.12436499
File: 640 KB, 640x960, 3232543.jpg [View same] [iqdb] [saucenao] [google]
12436499

Gold is not money, its pure power. Gold has the power to control humanity and even Gods

>> No.12436502

>>12436483
Gold is shiny and easy to work with. So easy you can shape it with sticks and stones and it does not corrode. Also it is not fond in the upper crust of earth in big quantities.
That is all.

>> No.12436590
File: 47 KB, 453x604, Swastika-cake.jpg [View same] [iqdb] [saucenao] [google]
12436590

>>12436483
Gold ain't money.

Real gold (not the pathetic "certificates" you get when you "buy gold") is no more than store of value. To convert gold back to real money you have to preserve it until the society is stable again. You don't want to convert a pound of gold to a pound of bread, even if you're in the middle of WW2 and starving. And the bread owner doesn't want to acquire a pount of brass with "24k" stamped on it. An asset can only be traded when both buyer and seller think they're somewhat able to verify its real value. Most people can't discern between gold and yellowish metal scrap. The physical gold owner may be one of them as well.
During the 1980's Argentina crisis, people literally bartered a house for an old car with a tank full of gas. With a proper attorney, once the crisis was over, the former house owner will be barred to claim property again. He wasted a $350k asset for a $1k car because he decided he needed to move away. We're in 2019 and he's still regretting.

There's a very good reason why schools and colleges manage to not to teach well the subtle differences between wealth and store of value, volatility and stability, personal property and state interference, getting rich and getting money...

>> No.12436626

>>12436483
I've held gold for over 10 years. I believe it's pure shit.

>> No.12436884

>>12436499
If all the gold in the world disappeared overnight, a few people would lose their money but nothing would change.

>> No.12436904
File: 119 KB, 640x555, 32453456.jpg [View same] [iqdb] [saucenao] [google]
12436904

>>12436884
Civilization itself is hold together by the existence of gold. If all the gold in the world disappeared the world societies would collapse to anarchy

>> No.12436940

>>12436626
can you explain Why you held some then ? It's price increased by x4 since 2000. how could this end wrong for you ?

>> No.12436954
File: 57 KB, 645x729, pqafkb6d9ba01.jpg [View same] [iqdb] [saucenao] [google]
12436954

>>12436904

>> No.12436960

>>12436940
I bought 1 kruggarand in september 2012 at above spot and had to pay tax. I lost my ass on that deal. But I now buy pamp lunar series so i have something to look at

>> No.12436965

>>12436904
Civilization is held together by property rights. Physical control of property(gold) is just a small part of that.

>> No.12436975

>>12436940
>It's price increased by x4 since 2000
he said 10 years
>10 years ago
>892/oz
>today
>1260/oz
>not even x2

>> No.12437599

If you still measure gold in paper money value then you will NEVER make it.

>> No.12437650

>>12436483
>Are there any goldfags that DON'T believe that gold is "real" money?
Isn't this literally what makes a goldfag a goldfag?

What the fuck kind of question is this?