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/biz/ - Business & Finance

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13601654 No.13601654 [Reply] [Original]

>200,000 metric tones ever mined throughout history
>15% lost/unrecoverable leaving only 170,000 metric tones
>40% held by central banks and IMF leaving just 102,000 metric tones or 3,280,000,000 ounces in circulation
>gold still superior to anything else

>> No.13601700

>Kikes own it all

>> No.13601711

Based Boromir

>> No.13601736
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13601736

>>13601654
wrong
BTC is Kang

>> No.13601737

>>13601654
gold is a waste of time unless you are a billionaire when are you noobs going to grasp this

>> No.13601748

im about to buy 2 more ounces. fuck BTC.

>> No.13601761
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13601761

>>13601748
>t. fag that misses the Golden Bullrun to 80k

>> No.13601766

>>13601654
>gold still superior to anything else
Only until the 2024 halvening - btc stock-to-flow falls to 100, gold stays stuck at 62

>> No.13602036

>>13601736
>gold divisibility moderate, BTC high
Being that there will only ever be 21 million BTC and it it divisible to 8 decimal places, you might think that places an upper limit on the number of pieces BTC can be divided of 2,100,000,000,000,000. However, the average BTC transaction is approximately 250 bytes in size, so with even the cheapest fee rate of 1 satoshi per byte, the smallest transactable portion of BTC that makes economic sense is about 251 sats. That means that for all intents and purposes, BTC can only be divided (in the best case) into about 8,366,533,864,542 units. For gold to be less divisible than that, based on OPs number of 102,000 metric tons, it would have to be physically impossible to create a unit of gold that weighs less than about 0.00043 ounces.

BTCronies BTFO.

>> No.13602082
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13602082

>>13602036
>using 2015 arguments in 2019
shiggydiggy

>> No.13602091
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13602091

>>13602036
fees are not paid as sat/byte, it's the difference between inputs and outputs you can emmit a transaction with 1 sat as fee whatever size it takes, brainlet scum

>> No.13602100

>>13601654
three words: London Price Fix

>> No.13602112

>>13602082
>using ishiggydiggy in 2019

>> No.13602130

>>13601700
Kikes don’t own my gold retard. Meanwhile anybody can hack your shitcoins.

>> No.13602188

>>13601654
>he does not know about the gold in that one indian temple that got discovered recently, that is enough to crash down by 91%.

>> No.13602236

>>13602188
It’s not even 1 tonne my brainlet friend. If gold wants to go down then the central banks will need to sell their reserves but they won’t since they’re all buying except for Canada.

>> No.13602494

>>13602236
>not even 1 tonne.
Its considered around half a trillion dollar dude. And they did not even open the other chamber.