Gold

[Anonymous No.15992309]

How screwed are boomers when no uses the dollar anymore and everyone just starts using alternative currencies like gold?

[Anonymous No.15992333]

>>15992309
Boomers are the ones holding gold

>???

[Anonymous No.15992343]

>>15992333
>boomers
>holding anything other beer and lottery tickets
yeah no, boomers don't own any assets

[Anonymous No.15992374]

>>15992309
never going to happen, taxes get paid in FRN. Besides gold wouldn't work as we are growing to quick to use gold. the economy can only grow as fast as gold is extracted from the ground

[Anonymous No.15992466]

>>15992374
>taxes get paid in FRN
oh yeah I'm sure when everyone is starving in the streets the first thing they're going to think about is paying the taxes

[Anonymous No.15992522]

This goldback shit is a fucking scam https://goldback.com/exchange

They pay double the price of gold to press this into sheets. Obviously that is simply not true and they are making huge amounts of money off of suckers like you.
Once your tooling is done and automated it should be a negligible cost at scale to produce these laminated gold dollars not fucking 1100 dollars per ounce.
Jesus you boomers are so fucking stupid.

[Anonymous No.15992540]

>>15992343
>If you look at the demographics of who is buying gold and silver coins in the United States, the vast majority of them are professional, college educated, maybe post-graduate degrees as well, upper income, 40-65 years of age, men and women.

First shit if you google for a second.

A fucking thread had to die for your inbecil shit. Kys.

[Anonymous No.15992783]

>>15992522
They don't press them into sheets, they spray the gold on in a vacuum chamber.
Either way I agree that they are over priced but I think they are cool looking and I'd accept them as payment over globohomo money.
>>15992540
shut up street shitter, there's plenty of crypto threads for you to go shit in

[Anonymous No.15992796]

>>15992783
Subhuman race confirmed. Bother someones else with your 2 digit IQ bs

[Anonymous No.15992829]

>alternative currency
>like gold
Shells, toilet paper, even dried shit will more likely be used as a currency than... gold

[Anonymous No.15992847]

>>15992783
>Accept them as payment
Yeah then you are as stupid as I have stated , if they were not so worried about the art concept they could just laminate pre printed paper with gold leaf on it.
Gold leaf is literally just putting a hold nugget of a certain denomination and running it through a press.
Take the pre printed shit and plop a 1/1000th gold nugget on it , run through press, laminate results and bam you have a goldback that cost pennies to make not dollars.

Again this is a scam , no one should accept these have over the value of 1/1000th ounce of gold.

[Anonymous No.15993139]

>>15992847
the problem with gold leaf is getting a precise weight of gold
the process they use to make goldbacks and other aurum products is precise enough to consistently put out the weight of gold it claims to have in-bedded in the notes

[Anonymous No.15993163]

>>15993139
No it is not faggot, now I know you are a buyer or a shill for this scam.
Precisely weighing gold chunks down to the milligram has been something we can do for like 100 years.

[Anonymous No.15993251]

>>15992374
>Besides gold wouldn't work as we are growing to quick to use gold.
We're only growing too quick because of infinite communist money called fiat you fucking morron.

[Anonymous No.15993560]

>>15993163
well don't fucking buy them then

[Anonymous No.15993576]

>>15992309
You cant answer that because youre begging the question of "when" and not "if"

The fed will never let fiat go because it gives them control over the economy

[Anonymous No.15993581]

>>15992374
>supply and demand?
get out.

[Anonymous No.15993584]

I prefer whiskey

[Anonymous No.15993702]

>>15993576
>The fed will never let fiat go because it gives them control over the economy
it's not really up to fed though
it's up to the people
they can't really stop millions if not billions of people from telling the fed and the imf to fuck off

[Anonymous No.15993799]

It is impossible for retail investors to hoard gold anymore, that ship has sailed. posting the pasta
>be interested in gold to diversify
>most sellers offer you "gold certificates", physical gold has 10% premium
>shipping and insurance extra of course
>you have to verify you weren't sent gold plated tungsten
>try to sell years later
>wholesale gold buyers pay only 95% current market rate
>I'm sorry to inform you this MR. Goy, but the bars of gold you sent us were made of tungsten!
>I'm sorry Mr. Goy but we can't send them back to you, you see, they are on their way to Isra... er, they are on their way to a disposal facility! thanks for understanding.

[Anonymous No.15993853]

>>15993799
you paper bugs will come up with any excuse

[Anonymous No.15993873]

>>15992309
Those are some very nice notes. Probably the prettiest I have ever seen. The concept is retarded as fuck though. What's the advantage compared to bullions?

[Anonymous No.15994197]

>>15993873
The advantage is being able to spend small amounts of gold.
A 1/10th ounce coin is the size of a dime and is worth about $150 but 1/1000th ounce goldback is almost the size of a dollar bill and is worth about $1.50.
Obviously the biggest issue with them is the premium.

[Anonymous No.15994511]

>>15994197
I see the problem with a $1 gold bullion being unusable small, but that's what we have silver for. People have used gold and silver for hundreds of year without problem. I feel like this is just another make up a solution to a problem that is not a problem to make money scheme

[Anonymous No.15994683]

>>15994511
Well gold has always had a problem with being used for very small transactions so in some ways this does solve that age old problem.
The bigger problem I have with them is that they essentially cost twice as much as the spot price of gold.

[Anonymous No.15995249]

>>15994683
But I think hes argueing why not just go with junk silver. To hit the value you desire

[Anonymous No.15995486]

stock market made x5 x10 x100.
Precious metals only crab

[Anonymous No.15995886]

>>15995486
Except during recession then silver 4x

[Anonymous No.15995889]

>>15995249
Well look I'm not saying don't buy silver. I mostly stack silver. But what if silver suddenly spikes and goes to a 1:1 ratio with gold?
Then what do you use for a small transactions?
I'm not even saying go out and buy these goldbacks but what I am saying is that in the future they might be a good way of transacting in a post-fiat world.

[Anonymous No.15995996]

>>15995889
Silver will never be 1:1. I also like the idea and I want it to work but that premium is just stupid right now

[Anonymous No.15996369]

>>15995996
yeah the premium is a little much but maybe after the dollar is gone they could have places where you exchange coins for them.

[Anonymous No.15996411]

>>15996369
Straight talk: how likely do you think the dollar will collapse or be replaced ?

[Anonymous No.15996447]

>>15992309
>when no uses the dollar anymore
Adorable.

[Anonymous No.15996537]

>>15996447
Yea cause fiat has such an awesome record

[Anonymous No.15996600]

>>15996411
I think it's just a matter of time.

[Anonymous No.15996679]

>>15993799
Physical bullion isnt for trading. The premiums you pay on buying and selling should be a very small fraction of your gains. If you want to hop in and out of PMs, paper is the way to go.

[Anonymous No.15997402]

>>15995886
muh recessions

[Anonymous No.15997933]

>>15997402
muh stock market

[Anonymous No.15998601]

>>15993873
>>15994197
>>15994511
Obviously it's a technology used to dilute the weight of gold so that ownership can be easily spread out across an overpopulated world populationl.