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18790846 No.18790846 [Reply] [Original]

What will it take for you guys to finally admit that Schiff was right all along?

>> No.18791291

he's wrong about crypto, but you should hold gold as well
bitcoin, bullets and bullion

>> No.18791353
File: 318 KB, 864x602, btc. then and now.jpg [View same] [iqdb] [saucenao] [google]
18791353

>>18790846

>> No.18791422

The reason cigarettes are money in prison is because they have a real world use. Even if you don't smoke, someone else will want to smoke them at some point so they can retain their value until you are ready to sell because there will always be someone wanting to smoke them. If nobody smoked in prison then cigarettes would be a terrible money because they would have no intrinsic value to anyone. Gold can be used to jewellery and electronics, even if you personall don't want to make jewellery or electronics, someone at some point will so you can hold you gold knowing it has some intrinsic value. What the fuck can you do with a bitcoin? Sure, you can trade it for child porn or illegal drugs but if you don't consume child porn or drugs it is worthless to you because there are already superior forms of money know as gold and silver.

>> No.18791503

>>18791422
gold and silver have to be physically traded, can be faked, can be stolen much easier than crypto, and also the value of gold is not totally derived from its potential uses
the government can come and seize all your gold tomorrow. it's unlikely, but if there was widespread uptake of gold as an alternative currency to fiat, they would do that. stamping out crypto is harder, but not impossible

>> No.18791544

>>18791422
Except industrial value accounts for very little gold demand moron. Gold is expensive for the same reason Bitcoin is expensive.

>> No.18791545

>>18791503
Gold and silver actually exist. Is it possible to fake something that doesn't actually exist?

>> No.18791559

>>18791503
didn't FDR order everyone to turn in their gold in the 1930s and they got paid like $20 an ounce or something?

>> No.18791562

>>18790846
Gold going to 15.3million dollars by tomorrow

>> No.18791567

>>18791559
Very few people actually gave away their Gold.

>> No.18791571

>>18791545
literally retarded take. did you not read the bitcoin whitepaper even?
i suppose that doesn't exist either since it's just a pdf

>> No.18791576

>>18791544
Not really, the gold Jewellery market is massive in India, saudi arabia and other asian countries. The demand for physical, tangible money is theoretically infinite too because one can never have too much money.

Bitcoin is a number on a screen, it doesn't evoke the same lizard brain love of accumulating money.

>> No.18791616

>>18791567
source? as far as i can tell there's no statistics

>> No.18791618

>>18791571
I could make shit up and put it on a white paper and act like it means something. That is 100% of crypto. Show me a bitcoin.

>> No.18791651

>>18791422
A currency doesn’t have to have intrinsic use value. It needs durability, portability, divisibility, uniformity, limited supply, and acceptability. Bitcoin may not be accepted everywhere yet, but neither is silver or gold. I can’t go to a coffee shop and buy coffee with gold. It must also be mentioned that we live in a world with increasing electronic commerce. I can’t trade gold/silver online as easily or securely as I can with bitcoin.

>> No.18791662

>>18791618
how much gold in oz do you have

>> No.18791690

>>18791662
(of four nines that is)

>> No.18791754
File: 65 KB, 780x438, West Point working vault July 2014.jpg [View same] [iqdb] [saucenao] [google]
18791754

>>18791662

>> No.18791783

>>18791754
sad. you probably don't even have 1oz of gold yet you feel the need to shit on bitcoin instead of diversifying by having both. GTFO out stupid poor nigger

>> No.18791816

>>18791422
You can trade and store large amounts of it and transfer it over the internet with no third party involved. The day you can upload a gold coin to a decentralized network and trade it to someone in another continent within a minutes, gold will over take crypto. Until someone figures out how to do that, bitcoin has value.

>> No.18791845

>>18791816
It's already done with the Perth Mint's goldpass. Gold can be digitized very easily for trading of micro grams.

>> No.18791860

>>18791816
Bitcoin would have to exist to have true value.

>> No.18791872

>>18791860
you exist and you don't have any value so i guess your framework is flawed

>> No.18791932

>>18791845
if you don't hold it you don't own it. you can PHYSICALLY HOLD the data which represents your crypto in your hot or cold wallet. what you're talking about is a layer of abstraction. your computer/phone does NOT have $100 worth of gold in it with that scheme, it is NOT a trustless system, and it could easily be seized by government actors

>> No.18792141

>>18791422
>Even if you don't smoke, someone else will want to smoke them at some point so they can retain their value
>Sure, you can trade it for child porn or illegal drugs but if you don't consume child porn or drugs it is worthless to you
?????