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/biz/ - Business & Finance

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52954295 No.52954295 [Reply] [Original]

Only a promise that this shiny rocks has some type of value

>> No.52954323

>>52954295
Compared to current year paper notes which are backed by debt and hopium

>> No.52954332

>>52954295
Yes.

Also money and all of its forms are LEGAL FICTION.

>> No.52954340

>>52954295
gold is used to trade woman and slaves

>> No.52954356

>>52954295
no shit shirlock this goes for any form of money

>> No.52954361

>>52954295
>oil is backed by nothing
>tobacco is backed by nothing
>coffee beans are backed by nothing
>lean hogs are backed by nothing!!!!

>> No.52954372

>>52954361
all of those things are backed by their utility, gold is just a shiny rock

>> No.52954376

>>52954295
Its rare and impossible to create while also looking pretty. You’re giving humans too much credit.

>> No.52954388

>>52954372
what is the utility of tobacco besides making you feel good and slowly killing you

>> No.52954398

>>52954295
It's actually incredibly useful due to how malleable it is

>> No.52954409

>inb4 goldcucks fail to debunk OP's claim that gold is backed by nothing and create strawman arguments about FIAT to deflect

>> No.52954416

The ancient Egyptians (or, more accurately, the Titans that built the Giza Pyramid) knew their precise location/coordinates on the globe.
There are remains of Roman ships in Galveston, TX and there's evidence they mined copper in Michigan.
Maybe that map is an old picture, but the ancients knew the geography of the Earth well.

>> No.52954446

>>52954295
What if things collapse, no power, no internet, no banks.

>> No.52954529

So the people who use gold for things, because no other metal has the right qualities, are just putting in an expensive substitute for no reason?

>> No.52954561

>>52954295
Wtf I hate gold now

>> No.52954563

>>52954388
It's an insecticide

>> No.52954574

>>52954563
in that case gold is used for electronics

>> No.52954741

>>52954372
Gold is an excellent conductor and very ductile/malleable.

>> No.52954753

>>52954295
It has an industrial and commercial use.

It also has a limited supply

>> No.52954917

>Natural claim on labor for goofs and holds that claim for literally ever
>accepted as currency because it represents the labor put into it
>will always be shiny

Anon you are worth nothing but your labor. Gold is natural money because it stores your labors value.

>> No.52954931

>posts that gold is worthless
>on a device that needs gold to work

>> No.52954955

>>52954931
>a Computer has around 0.310 gram of Gold which is worth around $20
>gold is LITERALLY ONE PERCENT of the value of my $2k build

boomer rockfags literally can't stop losing

>> No.52954962

this thread is full of fucking retards. Gold is backed by the energy it takes to mine it. even panning gold or sluicing takes a great deal of work. if you don't believe me go ahead and try to prospect that shit and tell us just how easy it is.

>> No.52954990
File: 278 KB, 1161x1500, 71B275BF-2392-404A-A43A-FE92B1E33531.jpg [View same] [iqdb] [saucenao] [google]
52954990

>> No.52955241

>>52954372
It isn't a rock you retarded baiting faggot, it is a very useful metal. Goddamn I know you're trying to pretend to be stupid, but you're way too good at it for it to be pretend.

>> No.52955261

>>52954446
you're going to be eating your gold

>> No.52955279

>>52954295
damn i had no idea antarticca was so big

>> No.52955312
File: 20 KB, 365x103, This kills the gold conspiracist.png [View same] [iqdb] [saucenao] [google]
52955312

>>52954741
Which accounts for less than 25% of demand.

>> No.52955347

>>52955312
That's how you know it's money.

>> No.52955544

>>52955347
Money exists in your head, anon. It is a social construct.

>> No.52955650
File: 1.04 MB, 1075x716, 1653937088281.png [View same] [iqdb] [saucenao] [google]
52955650

https://youtu.be/DyV0OfU3-FU

>> No.52955694

>>52955544
No shit, Sherlock. What else could it be?

>> No.52955855

>>52954295
its only value is that it doesnt tarnish and it is malleable

>> No.52956965
File: 76 KB, 962x515, gold.jpg [View same] [iqdb] [saucenao] [google]
52956965

>>52954372
>all of those things are backed by their utility
Gold is used in electronics and jewelry

>gold is just a shiny rock
TIL central banks like buying "shiny rocks" a lot

>> No.52957101
File: 776 KB, 849x565, yourbuild.jpg [View same] [iqdb] [saucenao] [google]
52957101

>>52954955
>>a Computer has around 0.310 gram of Gold which is worth around $20
>>gold is LITERALLY ONE PERCENT of the value of my $2k build
>boomer rockfags literally can't stop losing
Dumb argument. Trying to compare price of a single atomic element to all the complex components (made up of lots of different very cheap materials) that are inside a computer.
Your $2k build will be worthless in the future, apart from the gold content of course, because all the other elements that make up your computer cost very little, such as plastic, silicon, copper, steel, so it's not worth extracting to sell. That's why old computers end up in the tip.
Pic is your computer in the future. Retard.