/biz/ - Business & Finance

>>18328334
That would only apply if the manipulated paper markets that suppress prices stay liquid and solvent. If the paper markets collapse, the price discovery of the free market would inevitably revalue gold and silver upwards. Fiat has an intrinsic value of zero, while gold and silver do not. The paradigm shift would result in a vicious death spiral for fiat, while opposite would happen for precious metals. This is why despite their best efforts, even at the height of thier strength in this current paradigm, gold and silver at worst retain value against fiat inflation.

https://www.longtermtrends.net/stocks-vs-gold-comparison/

>>18206689
Yes but I’m the guy who’s been shilling silver for over a year saying a days wage used to be a silver piece the size of a silver dime.

>>17977077
About 100 times the current purchasing power.

>>14243707
They are.

BSV will be gold backed global currency, it is a match made in heaven.

Think about it: Bitcoin (BSV) is the perfect medium of exchange. Low fees, instant transactions, global payments, decentralized, immutable, unfreezable, fraud resistant and with a hardcap so it can't be debased. It is PERFECT DIGITAL CURRENCY, but it's not a good measure of value due to volatility.

However, the value of Bitcoin is currently measured in Fiat, which is worthless paper money. If fiat collapses, there is no standard of value to measure Bitcoin against.

Unless there is some hard asset that historically has always been money, and a store of value and unit of account that can back a currency... Aha, Gold.

The writing is on the wall anons. Fiat will die as it is worthless paper and totally out-competed by Bitcoin (BSV), which will be backed by gold to create the PERFECT MONEY.

Screenshot this. It's happening.