/biz/ - Business & Finance

[Anonymous No.53211794]

Why is it worthless? It has no industrial application and it certainly isn't an hedge against inflation like Bitcoin. What exactly is the purpose of boomer rocks?

[Anonymous No.53211833]

>>53211794
lolwut?
Btw at least bsv can do microtransactions and smart contracts. Btc is trash.

[Anonymous No.53211869]

>>53211833
i think he's talking bout legit GLD

[Anonymous No.53214389]

>>53211794
People shill gold so retards become eternal holders, die, gold is lost forever thus raising gold prices for the Rockefellers

[Anonymous No.53214413]

>>53211794
Because people are retarded and see value in shiny things.
Gold is just a rich people meme now. That's why they eat it.

[Anonymous No.53214419]

>>53211794
>no industrial application

You wouldn’t be communicating like this(pc,cellphone,satellites,cables)if not for gold.

[Anonymous No.53214963]

>>53211794
It’s scarcity and guaranteed demand as a luxury good in the long term.

[Anonymous No.53215286]

>>53211794
Ask all the Central Banks and major governments that are stacking gold at record rates. Just stupid boomers who don't know anything about global finance?

[Anonymous No.53215307]

>>53211794
gold (and silver) are actually pretty magical. if they were as common as iron, literally every thing would be made of them. every door knob, every pot and pan, every piping.

[Anonymous No.53215311]

>>53215286
And every single empire in the history of humanity.

[Anonymous No.53215320]

>>53211794
Gold is God's money and can't be faked

[Anonymous No.53215323]

>>53215286
The fed hasn't bought any gold for decades, and if they wanted it they would just take it from baggies like they did last time

[Anonymous No.53215324]

>>53211794
silver is where it’s at. technology relies on it. gold is just a currency backer.

[Anonymous No.53215450]

>>53215307
because gold wont rust and decay like other metals?

[Anonymous No.53215465]

>>53215323
picrel

[Anonymous No.53215517]

What is the nigger of metals and why?

[Anonymous No.53216030]

>>53215450
gold is corrosion reistant, blocks radiation, silver is anti bacterial, both conduct electricity. i am sure there are some amazing alloys that havnt even been discovered yet because the two metals are so precious

[Anonymous No.53216083]

>>53215323
The Fed isn't a bank but that's a different disscusion...

The ones stacking the most gold have actually been the individual state banks of European nations. They're also seemingly spreading the bullion around to other Euro banks with lower reserves, proportional to their economic footprint. Presumably this is because Europe has been itching to get out from under the USD since 1945, and no one on earth would be stupid enough to trust the buying power of the Yuan.

[Anonymous No.53218027]

>>53214389
there's a reason most central banks hold gold, and why the eastern block is hoarding gold.
If you revalue your central bank gold you can effectively backstop a sovereign debt crisis. This is something most people never have thought of.
https://seekingalpha.com/article/4554757-governor-of-dutch-central-bank-states-gold-revaluation-account-is-solvency-backstop

[Anonymous No.53218052]

>>53211794
Gold and silver is the key to make the next techbased industrial revolution 2.0 occur in our life time, but zoomers are too retarded to realise.

[Anonymous No.53218102]

Just leaving this here.

[Anonymous No.53218145]

>>53218027
goldbugs usually hate central banks, is the PM investment thesis *really* "the central banks whom I loathe for not pumping my bags will pump my bags"?

[Anonymous No.53218159]

>>53218145
No it’s that precious metals and precious metals equities historically make up 2% of all portfolios globally on average, but right now it’s less than .5%. A return to mean would mean a tripling of demand.

[Anonymous No.53218185]

>>53218159
You accounted for the emergence of a new asset class in crypto in that figuring, right?

[Anonymous No.53218225]

>>53211794
All value is subjective, so anything can be rationalized to be valueless. But in terms of historical perception of tangible value, nothing is more consistent than gold. At no time in the past thousands of years of civilization has gold been worthless or not seen as money. It only had cosmetic application throughout most of that per-industrial history.

You don't really get it until you hold it, but as soon as you do, you truly feel as though you are actually holding money. In a world where most "wealth" is intangible and theoretical, it is truly special to feel real money. It has less direct economic mobility and requires a safe place unlike currency and is slow in growth unlike other investments, but I truly think everyone should have some gold. God knows if this house of cards clown world economy ever does collapse, things quickly default back to a economic reality and what a person can touch and feel. So it's a good bit of diversification to have. And that diversification isn't real if you're buying it on paper or holding it in an exchange or bank.

[Anonymous No.53218226]

>>53218185
cryptos largest ever market cap was a couple trillion, a fraction of gold alone nevermind silver

[Anonymous No.53218238]

>>53218185
Crypto is nothing, it's an idea that can't even be used to build anything. There is no revolution, just mitwits and their greed

[Anonymous No.53218343]

>>53218226
In its first decade it became a trillion dollar asset class and you're downplaying that?
>>53218238
Whether it is a genuine revolution or not remains to be seen, point is that it diverts capital and perhaps more importantly, attention away from PMs. Congrats though: you're no longer the craziest person in the proverbial room.

[Anonymous No.53218803]

>>53218343
no cretin. i am disputing the idea that gold and silver lost market share to crypto. crypto has never been even a quarter of the mcap of gold nevermind stole 75% of it.

[Anonymous No.53218824]

>>53218225
yes, PMs are the original ponzi meme scam used to condition and trick people into giving away useful things and services in exchange for a rock, because the chieftain/king/emperor who owned the mines said it was valuable and killed people for it

[Anonymous No.53218846]

>>53218824
You can understand this in the valuation of platinum. Platinum has better properties than gold, it's much scarcer than gold, it's even shinier than gold, but because the mines could not be easily monopolized and no empire could easily establish a network effect and scampump with their platinum monopoly, it never achieved gold's market value

[Anonymous No.53218855]

>>53218225
Hello, King Midas.

[Anonymous No.53218895]

>>53211794
Physical is one of the comfiest assets to hold. Literally buy it and forget it. But only after you have one of those sigma detectors .

[Anonymous No.53218957]

>>53218225
>if this house of cards clown world economy ever does collapse, things quickly default back to a economic reality and what a person can touch and feel.
Yes, it will go back to bartering. Why would people want shiny rocks? I understand silver, but gold is just a collector's item.

[Anonymous No.53218978]

>>53211794
>Why is it worthless? It has no industrial application
But it does.

[Anonymous No.53218989]

>>53215465
where did you get that chart ?

[Anonymous No.53218992]

>>53218824
>ponzi meme scam
You have no idea what a ponzi scheme is, don't you.

[Anonymous No.53218997]

>>53218957
>shiny rocks?
Metal, you dumb ass, you're think of ore being the rock.

[Anonymous No.53219691]

>>53211794
>he's shit posting something that his phone have in it in order for it to even do the black magic for him to shit post