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/biz/ - Business & Finance

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52381744 No.52381744 [Reply] [Original]

My boomer rocks seems to hold value while the new store of value have dropped from 80k to 16k. Why is this? Could it be that in order for something to be a store of value it has to have an utility in society (such as gold and silver)? I was told I was a retard for saying Bitcoin isn’t a store of value since it lacks applications beside being a lottery ticket but it seems I was right. It looks as though something has to have a REAL LIFE USE in order to be worth something. Based on this one can assume Bitcoin is worth 0 since it has no real utility. For those of you who cashed out in time congratulations. For those of you who still hold Bitcoin thinking it will rebound my financial advice is to sell while there still are delusional investors in the market.

>> No.52381804

>>52381744
Agreed. The next bull run is starting right now in tradfi commodities and energy, which the world needs. If you want investment ideas, look at what commodities are needed for what the politicians are discussing at COP27, and then buy stocks/options in the companies that produce those commodities.

Oil, natural gas, uranium, copper, nickel, cobalt, lithium, silver, gold.

>> No.52381956

>>52381804
I like zirconium stocks like Daiichi Kigenso Kagaku Kogyo

>> No.52382369

You can be down with silver too, retard. Depends on when you bought.

>> No.52382571
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52382571

ahhhh another man of culture i see. *tips hat in your direction* good day sirs.

>> No.52382581

>>52382369
around $15. im up almost 25% my good man..

>> No.52382762

>>52382581
I'm up that much as well but only because I started stacking early. Had I started 5 years ago I'd be down. Had I bought btc 5 years ago I'd be rich.

>> No.52382902

>>52381744
How do I send it to my aunt in Ukraine with a computer? And how does she hide it if she has to bug out?

>> No.52382953

>>52382902
cope. peasant problems are not my problems.

>> No.52382981

>>52382369
I FOMO bought in Feb 22 and am down hard still after all this rallying.

>> No.52383329
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52383329

>>52381744
Neither gold nor silver had any utility before electricity, you retard. Their only advantages over other resources were that they were malleable and would not decay in the same way iron does, thus making them great for trinkets such as earrings and rings, but also great for minting coins since they would last a long time and could be minted with relatively low temperatures using simple technology. They are also quite rare on our planet, thus making a small amount of silver exchangeable for a large amount of widespread stuff such as wood or stone.
Now, the biggest problem with any post-gold standard currency is that it has to be regulated, otherwise it WILL become unstable, that's just how it is. That's why the government can and should balance the economy, otherwise it's all going to become a fucking dumpster fire.

The gold standard was unironically better in case of total retards being responsible for the market, such as nowadays.

>> No.52383351

>>52382981
Exactly. But short-medium term silver is still a more sensible investment. It must go up and we know it is going to be next year at this pace. With bitcoin you don't know. I believe it's going to moon again but I won't speculate on when. I'm just hoarding silver until it happens and will liquidate some of my stack (at a profit) to move in then and there.

>> No.52383356
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52383356

>> No.52383359

Silver takes up way too much space! I only stack gold. I have 1 silver coin but only because it’s a graded coin from ancient Athens

>> No.52383368

>>52383359
Oh wait I forgot I also have a collection of all the silver coins I could find that were minted by government mints and celebrate Christopher Columbus

>> No.52383448
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52383448

>>52381744
>utility
The only utility paper money has is if I burn it or wipe my ass with it. Yet a $100 bill is worth a lot more than a roll of toilet paper and too diseased to wipe my ass with

>> No.52383477

>>52383359
>Silver takes up way too much space

Yep, and silver is too heavy too. If you have substantial assets, you would be storing literally tons of silver instead of a few dozen kilos of gold.

>> No.52383646
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52383646

Silver is fiat lite

>> No.52383675

I've been collecting ancient coins
can't quite put my finger on it, just have a vague sense they'll skyrocket sometime, plus lots of them actually contain specie

>> No.52383688
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52383688

>>52383646
They artificially increased the value of of silver when the ratio was set, thereby decreasing the value of gold( actualoney at the time).
The whole thing was a stepping stone to straight fiat.
Why didn't Peter Schiff teach us about this???

And why do silverites all have the same physiognomy in these anti silverite posters????

>> No.52383697

>>52381744
If you count value in constant USD you don't understand value.

>> No.52384431

>>52383675
they are just interesting too. anything that old is cool as fuck. I would have a hard time selling unless it was a huge increase in price.

>> No.52386085

>>52381744
>bitcoin up 16k from 0
>silver never gained value in all of existence
silver is the ultimate cope. silver is not an investment. dunno why you wasted the money when you could have invested it in ANYTHING else that could and would make a profit. silver is for poor people

>> No.52386469

>>52383688
It was the original flip-flop historical rewrite in American Economics. The Constitution defines a dollar as 371.25 grains of silver. Gold is not defined, and should fluctuate relative to the silver dollar. The problem was countries were getting caught trying to force their pegged gold:silver ratios, it created free arbitrage opportunities. Instead of only pegging silver, like the Founding Father intended, the world pegged to gold and phased out silver coinage.

>> No.52387425

>>52386085
gold and silver maximalists are all copes. at the heart of the purchase is the hope that they can exchange it for more fiat. if we're ever in a scenario where there's no longer fiat, you'll just be murdered for your metals.

that said, nothing wrong with buying a little of very kind of asset.

>> No.52387515

>>52387425
nah, gold and silver actually have a track record of being money over thousands of years
even in the u.s., our coins were silver until 1965
no one was hodling their coins before then, they were using them as money
of course now they are hodled, but could become money again

bitcoin is the one rooted in the fiat exchange hope, no one is using it to buy stuff

>> No.52387596

>>52386469
bingo