/biz/ - Business & Finance

[Anonymous No.29178824]

>Gold has a very poor long-term performance record.

[Anonymous No.29178953]

>>29178824
Quadrupling your money in 30 years is pretty shitty. Most houses did that or more and you could have lived in them the entire time.

[Anonymous No.29179044]

>mfw im up 500% with GRT in a month

[Anonymous No.29179260]

>>29178824
Zoom out

[Anonymous No.29179387]

>>29178953
And yet the bitchshits still won't even give anything 6 digit for the 1 we inherited from my grandmother.

[Anonymous No.29179403]

[Anonymous No.29179463]

>>29179260
'k!

[Anonymous No.29179566]

>>29179463
zoom out

[Anonymous No.29179781]

>>29178824
Linear and not log
>NGMI

[Anonymous No.29179972]

There are mouth breathers in here literally trying to fud GOLD.

LITERAL FUCKING GOLD.

[Anonymous No.29180155]

>>29178824
It's not even keeping up with inflation lmao

[Anonymous No.29180211]

>>29179566
Oh, were you even alive before the Bicentennial?

[Anonymous No.29180226]

>>29179463
>Using fiat to determine value of gold
Ishygddt

[Anonymous No.29180317]

>>29180211
I'm a 2000 yr old methuselah cursed to walk the earth for the crime of betraying christ
my gold holdings have underperformed.

[Anonymous No.29180551]

>>29178824
gold isnt an investment really, its wealth preservation and a safety net.


it also happens to be one of the few things that goes up/stays stable in an economic collapse . so it has its uses.

or did you think everyone getting them was a long term investment like stocks? no sorry anon, a lot of people are scared this next one is going to be a doozy.

[Anonymous No.29180567]

>>29178824
It does, since the 90's you could have played the dot com run, housing bubble and crash, cryptocurrency birth and the corona recovery. Buying gold if you are trying to do anything except present current wealth is retarded and even for preserving wealth it's kinda retarded.

[Anonymous No.29180656]

>>29179403
You have to be unironically autistic and retarded to think that you can apply inflation over this kind of a time frame.
You can't even apply price inflation over a 10 year time frame with any reliability

[Anonymous No.29180666]

Crypto is eating into gold's value proposition as a (largely speculative) store of value, but this shift will slow down again, and some might appreciate the high degree of independence in holding physical gold. No Internet, no electricity, no mining network are needed to make it work - it's just there. This could be a good buy now or soon.

[Anonymous No.29180863]

>>29178824
You should look at inflation-adjusted gold chart. It kind of looks like Bitcoin chart t.b.h.

[Anonymous No.29180981]

that graph must be lying, I've been told by the wisest of faggots on here that value must always return to zero, line can't just stay up for 30 years

[Anonymous No.29180996]

>>29180656
Realistically it should be higher if you based it on a scale of median income. Poor dirt farmers could never buy a scrap of gold but random niggers be buying gold chains with their McDonald's checks.

[Anonymous No.29181038]

>>29177195

[Anonymous No.29181289]

musk will start space mining soon.

you (g)oldbugs will soon perish in wave of crypto.

buy some now before i make you work my manor's field.

[Anonymous No.29181349]

>>29179403
>Gold was worth more in ancient times

NO SHIT, SHERLOCK!

[Anonymous No.29181389]

>>29179566
theres no point looking before 1971 einstein

[Anonymous No.29181400]

>>29181289
>quantum computer sends btc to 0
oops

[Anonymous No.29181477]

>>29178824
Wow! Its done an entire 5x in 30 fucking years!
Fucking amazing
I'm selling all my crypto immediately

[Anonymous No.29181484]

>>29180996
Except you also can't do that because "median income" is what you can buy out of the economic production with that money AT THAT TIME.
Even with all of this shit about the median wage not going up in 30 years or whatever, the median person could buy what people had in the 1980s (new version) and it would be virtually free. Car without anything in it, shitbox fridge, tube TV, etc.
Economic environments more than a few years apart cannot be compared like this.

[Anonymous No.29181594]

>>29181484
What is the 1440s equivalent?

[Anonymous No.29181614]

>>29180666
>no mining network needed for gold

[Anonymous No.29181621]

>>29181289
>Why no, I do not understand how supply, demand, and average production costs work! How could you tell

>>29181389
But this is the actual point. Retards look at the dollar returns of gold when the dollar "was" gold and gold had a fixed forex price

[Anonymous No.29181776]

>>29178824
>5x over 30 years

[Anonymous No.29181898]

>>29181594
There isn't one. I think its death from scurvy at 32.
The only way you can really compare quality of life/cost of life is the cost of commodity foods per hour of average labor. Recently that figure in the US has actual stagnated. Like I said, no one would trade median income today with the median consumption that comes along with it for the median income and associated consumption of 1980.
However a lot of people would make that trade for maybe 1995 or 2004

[Anonymous No.29182054]

>checks graph against btc
Hahahahahahahahahahah

[Anonymous No.29182250]

>>29181289
So we should invest in the rocket fuel that would cost more than the minerals? Joking, that would cost Elon more than making bullshit diagrams for things that won't work.

[Anonymous No.29182318]

>>29181594
>>29181898
Wouldn't primitive shit cost about as much because there wasn't better stuff?

[Anonymous No.29182364]

>>29181614
Hello Mr dealer, I would like to exchange this 1 gold for dollars pls
Sorry mr stacker. Mine broken. Can't do the trade

[Anonymous No.29182523]

>>29178824
it does

[Anonymous No.29182653]

>>29182318
Basically you need to think of money as a token of all the production available at that exact moment in time, and time is discrete. So if I own the same amount of the money supply at two different points in time, my actual wealth is drastically different.
Basically money is worth more today than it was in 1400 becasue there are more things that you can buy today. A king could not buy an iphone, a car, gasoline or any other of the highly marketable goods that we spend most of our income on. Even though gold may have had a higher value per labor hour, having that gold, dollar, or whatever is vastly more valuable today

[Anonymous No.29182762]

>>29182523
>You see if I go back far enough to where the quote is literally gold = gold then I win!
The "excess return" of stocks over gold since 1971 has been like 2.5% or something. If you're a bitcoin hodler you should actually be shilling that info as it shows just how much of the wealthy's money is actually just inflation

[Anonymous No.29182806]

>>29182653
>A king could not buy an iphone
stay bluepilled

[Anonymous No.29182819]

>>29181389
Generational wealth retard

[Anonymous No.29183042]

>>29182653
fuck off inflation shill
eat my satoshi dust nigger

[Anonymous No.29183057]

>>29182819
>You see, if I quote horses in horses, one horse is always one horse, therefore it is a bad investment
That is what you're doing with pre 1971 gold prices. See >>29182762

[Anonymous No.29183123]

>>29183042
>Why yes, I do totally reject Say's Law!

[Anonymous No.29183241]

>>29181400
Quantum Computing is a bigger scam meme than Elon’s Hyperloop, and that’s saying something.

[Anonymous No.29183337]

>>29183241
as long as its possible it means BTC is worthless.

[Anonymous No.29183465]

>>29182762
if I've learned anything from gold bugs, it's that life is too short to wait for shiny meme rocks to come back in style.
If it does, I can afford 100x more holding crypto than the metal.
>>29182806
>someone in painting holds a thing
time travel confirmed

[Anonymous No.29183568]

>>29183465

[Anonymous No.29183627]

>>29183337
Hyperbolic discounting fren
You could unironically say the same thing about a solid gold asteroid crashing into earth
Chances are much different but still
>>29183465
Except if gold "comes back in style" its going to be overnight and you won't be able to buy any on the way up. This isn't even conspiracy it's how currency resets work. BTC would start trading down immediately too. Gold is still highly fashionable for insiders, which is what makes it potentially fashionable for governments