/biz/ - Business & Finance

>>55616742
>>55616776
>>55616752
>>55616787
>call my cousin
>get loan
>never pay it back

>>53235095
>you have so much money and power that you can move the market ever which way you want and liquidated the common gambler(goy)

>>52292987

>>51270974
>>51271045
>be goyim
>don't have any money to buy into of the upcoming bankruptcies

>be kike
>waiting for this moment for decades
>the crash of everything
>piles of cash ready to buy the bottom

>>51197396

>>50480444
>(((lost)))

>>50117879
Kikes are meme.

>>30087948
thanks, scary shit

is that also true for PSLV and PHYS?

>>22879573
unironically true
On a gold standard, if you wanted to start a business and increase productivity, you would have to borrow from the savings of people. People are shit and they usually don't have enough savings for all the entrepreneurs to borrow. Fiat currency allows potentially infinite borrowing without the consent of the people and the people will see their currency devalued.

In a normal world, the borrowing and inflation would be offset by the increase in productivity generated by these entrepreneurs, so they wouldn't technically feel that you stole from them. The only problem is when the system gets kiked and the borrowing is not done to increase the productivity.

TL/DR: the system is not wrong, but it has some loopholes that allows some people to abuse it and take it to the extrem.

If two countries were competing, one with a gold standard and one with a fiat system, the one with the fiat system would dwarf the gold standard country.

>>18583695
>muh "why would you need gold if it's the apocalypse"
I swear the kike who came up with this dumb shit argument was a genius. It's being parroted by all the retards that think they are smarter than average. I have to admit it does an amazing job of keeping people that are skeptical of the financial system and the government, out of the gold market.
>You wouldn't want gold, goyim. Think about the apocalypse and disregard the fact that gold has survived for thousands of years and now you can literally buy an ETF and liquidate it anywhere in the world, in any currency, with a click of a button.
>ETFs are just paper gold, goyim. You can't be sure
>physical gold will be looted by Mad Max style gangs, goyim. Avoid it.

>>18259930
>If society breaks down gold is useless.
I don't know what kike brainwashed you NPCs to repeat this meme, but I hear it all the time and every time I laugh even harder.

>Yes goyim, don't buy gold cause if society breaks down, it's going to be useless, even though gold survived for thousands of years including 2 WORLD wars and the bubonic plague. This time it's going to be different. You wouldn't want to own this uncorrelated asset that moons like a motherfucker in every crisis, because there's a 0.01% chance that the entire world might turn into Mad Max in all the countries at the same time.
TOPFUCKINGKEK.EXE

>>17194856
There's nothing wrong with trading and investing (lol) in cryptocurrency markets if you know what you are doing. The problem is that most people, here on /biz/ and society at large, don't don't what they are doing.

Something something think about how stupid the average person is something something realize that half of them are stupider than that.

>>16007190
it's funny how retarded boomers took this bait. I'm not a burger, but it always baffled me how in most movies I watched there was this meme that you should kick your kid out of the house at 18. Like wtf? Are boomers retarded or something? Once I got redpilled about the kikes, I immediately realized that this meme was started by them to ruin goyims chances at generational wealth.

21
35k total net worth
Own 1 bitcoin that I bought at 1000 never traded and am never going to trade it
4000 in other stocks, mostly in Disney, Amex and dow
Recently got a 15000 army enlistment bonus

I’m about to deploy overseas so I’ll be getting tax free overseas pay and will only be spending money on wifi, the occasional hooker and bottle of bulleit
Its probably going to add around ~15000 to my net worth over 9 months