/biz/ - Business & Finance

>>29686137

Hope you enjoy suffering op.

Is peter schiff a demon?

>>24313550
>JUST

>>20697867
This is the rare times anyone who is pro gold will ever bring up inflation adjusted because if you look at the chart it plainly shows gold is one of the worst investments you could have made. When was the last time you looked at the inflation adjusted S&P 500 or NASDAQ? No one would use that for support and resistance.

>>15929834
http://csinvesting.org/wp-content/uploads/2017/01/The-Care-and-Training-of-Your-Pet-Rock-Manual-by-Gary-Dahl.pdf

>>15905200
>the purchasing power remains the same throughout time

>>15685296
*cringes*

>>15545212
>At the height of WW2 when Stalingrad was being fought and nothing was sure the international monetary system did not collapse
The Soviet government maintained (for international holders, citizens couldn't do it) gold convertibility actually.

https://en.wikipedia.org/wiki/Soviet_ruble#Fourth_(gold)_Soviet_ruble,_March_7,_1924_%E2%80%93_1947

The USSR heavily backed an international gold standard for obvious reasons (they had a lot of gold mines), they were pissed when Nixon got off the gold standard

>>15545254
How do you delineate "real" vs. "fake" savings? Is it just shiny rocks real vs. everything else "fake" because other assets held market value better in recent history.

>>15521322
>if you define purchasing power by CPI like a slave (as central banks want you to)
OH NO NO NO

>>15490988
>The primary function of money is to MEASURE VALUE of goods exchanged for it
No it's not you fucking retard, the primary function of money is to facilitate exchange and investment and fucking shiny rocks suck at that.

>>15494439
>No, I own gold because I'm betting that people increasingly lose trust in fiat currencies because of the insane money creation by central banks.
Money is created by private banks extending loans today, the central banks function is lender of last resort they don't exactly "control" the money supply the private sector does. Retards have been "betting" on this since governments got off the gold standard and it hasn't panned out and there's even more fiat options today than then like crypto.

>>15496358
Why should a random individual be concerned about the value of a random commodity like gold? You seem to want to cause an economy crushing massive deflation to engineering a massive transfer of wealth to people hoarding gold. Do you know the distribution of gold today and who would benefit from this most?

>>14911467
it's fucked

>>11161038
yeah looks stable to me and not like a shitcoin at all

Redpill me on Gold.