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12181800 No.12181800 [Reply] [Original]

In Venezuela 1 ounce of gold currently equals 300 million bolivars. So that just justs the bolivar is dying.

You buy gold because you fear the dollar is going to implode because fiat is a scam.

So obviously the conclucsion is the dollar price of gold is irrelevant. You don't buy gold hoping it goes up in price like when you buy Amazon stock.

A gold ounce 900 years ago is still that same ounce of gold today. Doesn't matter if the dollar exists or not.

>> No.12181833

based gold poster

but why buy gold when I can buy BTC which has the similar advantages without the cumbersomeness of physical as well as the danger of possessing/transporting it?

>> No.12181834
File: 588 KB, 750x1093, 1545110632337.jpg [View same] [iqdb] [saucenao] [google]
12181834

buy shiny rock sir very edible very trustworthy stable store of vindaloo also very shiny

>> No.12181849

>>12181833
gold doesnt lose half of its value in a day

>> No.12181857
File: 630 KB, 1010x778, 3232432.png [View same] [iqdb] [saucenao] [google]
12181857

ayo hol up wyte boi
u be tellin me u aint invessin in da shine rock?
u fool be trippin yo

>> No.12181872

Because you have to exchange dollars FOR gold, the price in fiat certainly does matter.

Gold has fluctuated in a real sense throughout the 20th century. All you have to do is look up how much an ounce of gold would have purchased you in 1900, 1925, 1950, 1975 and 2000 to realize that.

Input the gold price of all those respective years into an inflation calculator and you get wildly disparate prices.

Gold goes up and down just like any other commodity.

The only time you should hold gold is in an inflationary environment where stocks have shit the bed, just like the 1970s.

If it's deflationary and the stocks shit the bed, gold gets wiped out at the same time. Look at 2008.

>> No.12181887

>>12181800
Not sure what you're trying to say.

Yes, gold (and probably more so silver) is an excellent store of value and barter item. When a particular country's fiat has gone to shit, a neighboring country is always doing just fine - and your gold and silver will do well there.

>> No.12181934

>>12181800
Currently, 1 gram (I'm not working with your retarded units) of gold is worth $39,86
$1 is worth here something like BsS 750.
1 gram of gold is worth ~BsS 30.000
I don't know what kind of maths you're using mate.

>> No.12181960

>>12181849
but it doesnt gain 50% in a day either :^)

>>12181872
>Because you have to exchange dollars FOR gold, the price in fiat certainly does matter.
You can exchange anything for gold retard. Literally anything

>Gold has fluctuated in a real sense throughout the 20th century. All you have to do is look up how much an ounce of gold would have purchased you in 1900, 1925, 1950, 1975 and 2000 to realize that.
Fluctuated a lot less than USD and other commodities

>Gold goes up and down just like any other commodity.
Derp

>The only time you should hold gold is in an inflationary environment where stocks have shit the bed, just like the 1970s.
Right, Nixon caused a currency crisis when he debased the dollar from gold, causing inflation

>If it's deflationary and the stocks shit the bed, gold gets wiped out at the same time. Look at 2008.
In the beginning yes. But if a deflationary spiral actually happened we are in huge trouble. The governments immediate response would be to print money, and thereby cause hyperinflation

Also in 2008, gold spiked, but then crashed when the bailouts and stimulus was announced

>> No.12182000

>>12181960
/thread

>> No.12182005
File: 20 KB, 483x413, 1537598114192.png [View same] [iqdb] [saucenao] [google]
12182005

Behold, the picture that makes goldbugs and doomsday faggots seeth
Behold the power of American Treasuries

>> No.12182052

>>12182005
chart needs to start at 1971 when the world went to fiat. this chart is for brainlets to feel smart.

>> No.12182086

>>12182005
>investing $1US in $1US in 1870 becomes less than $0.1US today somehow.
inflation does not reduce the quantity of USD you have. The Y axis should be purchasing power, and were the other 3 lines adjusted for it as well?
this image was not well done, but i agree with the sentiment.

>> No.12182643

>100 years ago an ounce of gold would buy a good men's suit
>Today an ounce of gold will buy a good men's suit
>100 years from now an ounce of gold will still buy a good men's suit
obligatory meme post about an ounce of gold always purchasing a suit

>> No.12182730

>>12181800
If the dollar implodes the last thing people will want/need is heavy, soft, nearly useless metal. If you think the dollar is going to collapse, hoard coffee, ammunition, guns, medical supplies, vitamins, solar energy production equipment, tobacco and alcohol. Fucking brainlets thinking gold is going to be useful in a full economic collapse scenario deserve to starve clinging to their useless rocks.

>> No.12182757

>>12181833
Because btc relies on the dollar. Gold is money.

I'm not saying not have any btc but gold will be the real transfer of wealth

>> No.12182776

>>12181872
Your looking at the paper price of gold. Why on earth would you be valuing gold in terms of dollars?

If you were logical then you would realize that's dumb because it was gold that gave value to the dollar to begin with.

Now of course we live in a fiat system so if you buy gold and then have to sell to pay bills and the dollar price went down then of course you take a loss but the entire point of owning gold is for WHEN fiat fails

>> No.12182787

>>12182005

that little stock dippu was all it took for a decade long depression

>> No.12182802

>>12181960
Money isn't suppoSed to gain you moron.

If I earn 500$ in 1982....... and I just hold those dollars under my pillow for 35 years I'm not expecting those dollars to buy me 10 times the amount of shit that they bought me in 1982.

BUT I am expecting that they hold their value right? I mean I earned 500$ in 1982.... so why doesn't that 500$ I earned then buy me the same amount of shit today as it did in 1982?

Money is supposed to be stable. It isn't supposed to gain and it also isn't supposed to lose.

>> No.12182818

>>12182730
So what exactly happens when the dollar implodes? Everything becomes free? And/or we live in some sort of closed loop barter system exchanging toilet papers for blowjobs for the next 800 years?

You don't think there will be a revaluation where gold and silver brings value to a new currency?

>> No.12182840

>>12182730
Also.... let's say you have inside info the dollar will implode next month. And you have a million dollars to your name. What are you going to do? Buy a million bucks of ammo and canned food?

Your fucking stupid if you don't have gold.

Nobody is saying it isn't smart to have some preps but you don't put all your net worth in them either stupid.

>> No.12182883

>>12181800
>In Venezuela 1 ounce of gold currently equals 300 million bolivars
yeah but it would only get you $500

>> No.12182891

>>12182883
Which is a shit ton

>> No.12182898

>>12182840
lmao dumb wyte boi. when the gov collapse u aint gonna have nobody to protec u. u gonna get gang raped by brothas and we gonna take ur little yellow pebbles

>> No.12182932

>>12181849

Gold owner here, it did. It peaked at like 40k and then crashed to current prices. Just like bitcoin crashed.

>> No.12182938

>>12182757
but you can buy btc with gold, euros, pesos, whatever ?

>> No.12182950
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12182950

>>12182802
I know that. Its called a JOKE

>> No.12182990

>>12182818
Sure it will have value, but only really after the dust has settled, foodriots, highwaymen and all other chaos has been tamed. Immediately after an economic collapse gold will be worthless. It will only come back in value once societies are stabilized. Survival will be the #1 priority for years in a full scale economic collapse. Precious metals and stones will be relatively worthless. If you had no food or power, you'd trade everything for food and power. That's the idea. Unless the collapse is very localized and you use the gold as an escape mechanism to get away from the chaos just as it sets in, there will be no value for it. The thing is, if the dollar collapses, many other currencies will go with it. Supply chains will stop. Millions and potentially billions could starve and kill each other off fighting for survival. A full scale economic collapse isnt something you just HODL through. You will spend every waking moment trying to find food, water, shelter, and amenities or you will likely die before it's over with. Eventually gold and silver will make a resurgence, but by then odds are you will be dead if you're not prepared for the interim chaos.

>> No.12183012
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12183012

>>12182990
>forget the food, gimme summa dat

>> No.12183189

>>12182990
Except there have been countless economic calamities throughout history and gold and silver have never been useless or worthless. Seriously think about that. It's FUCKING MONEY. People like you I think think that life didn't exist before you were born and you just think oh well nobody uses lulzgold when I'm alive so why the fuck would it have any value when the dollar implodes. It's just fuckinf retarded and you need to re-wire your Jew/public school infected brain.

Also.... the collapse will most likely be a simple 8th grade math revaluation. Where your 100k in the bank is now worth 25k.... and gold is revalued anywhere between 10k and 100k per ounce to purge all the debt from the system.

You better start thinking that you don't know it all because it isn't going to play out exactly like you think. And if you have any substantial wealth and don't have even just a few hundred ounces of silver and 10 ounces of gold there's a really good chance you'll be fucked.

>> No.12183193
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12183193

Alright assholes, I've been thinking of gold for a while just because it sounds like a cool thing to have a little of. But I don't want to get shafted on memes. What brand/type is good for someone who wants a few pieces of it to autistically jingle around? Maybe like an oz or two total. I want something that looks and feels nice but isn't like 15% over spot.

>> No.12183218

>>12183193
It's not a meme you faggot. It's a real asset and real savings. Literally amazing how fucking retarded the public has become.

Go get a couple gold eagles at a coin shop. You pay the 50$ or so above spot so you have it. Are you some sort of Jew expecting a coin dealer to just open up shop and pay all that overhead to give you your gold piece for spot?

You fucking idiots act like gold dealers are the only businesses that mark up their prices to make a profit.

>> No.12183440

>>12183218
When did I say it was a meme? I just want some somewhat small weights (1/4 to 1/2 oz) without paying through the nose. I'm not paying $50 more per 1/4 oz coin (15.6% currently). Fuck that.

>> No.12183497

>>12182891
buy gold for $1300 when everything is alright sell it for $500 when all goes to hell. good deal.

>> No.12183516

>>12183440
You actually pay less for the full ounce compared to a half ounce quarter ounce or 10th of an ounce.

Depending on The coin dealer and type of gold coin you'll pay anywhere from 25$-60$ for a full ounce.

I can get a buffalo at my guy I know for like 25$ over spot for a full ounce and 50-60$ over spot for a gold eagle.

But your paying a premium in too of a premium for the half and quarter ounces.

So if your looking to get 2 ounces total then you want to buy the actual full ounces instead of 4 half ounces

>> No.12183538

>>12183497
No you idiot. That's 500$/usd in Venezuela!

You buy gold pre Venezuela collapse and you have 1 ounce. That guy was saying for that gold ounce you'll get 500$ usd

Now go to google and see what the conversion is of 500$ usd to bolivars. And then go see how much a dozen eggs costs and see how many dozens of eggs you'll be able to get with that USD$

>> No.12183554

>>12183497
500$ usd used IN Venezuela is a shit ton cash.

>> No.12183557

>>12183538
still if he just exchanged it to $1300 usd and kept that he would be more than twice better off. you can't argue with math! you will lose. at this point even tether is better than gold.

>> No.12183578

>>12183554
$1300 > $500
there is zero point to gold, also if you try to run with your gold they will take it off of you at the border, but stable coins can slip through easily. not that i like stable coins but i guess when btc is shitting the bed and you got to run, they are okay for a few days.

>> No.12183585

>>12181800
so did everything else in boliva go up extremely high or is gold the only commodity that increased in price?
in 2007/8 gold and silver in the US went up 5x in value while most other things went down or barely up.
what you are desribing is hyperinflation. when it happened in zimbabwe locals had to start panning for gold to buy bread
gold does not increase in amount but does increase in value assuming the currency its checked against is inflating as it is intended to

>> No.12183590

>>12183189
>and gold is revalued anywhere between 10k and 100k per ounce to purge all the debt from the system.

how does gold revaluation purge debt?

>> No.12183625

>>12183497
This is true. If your local economy is so fucked that your gold is only worth 1/4th what is should be, you can be real fucking sure you still have incredible buying power over everyone around you.

>>12183538
It's really difficult to get USD in Venezuela even if you have the gold/whatever for it. Everyone is bartering without a real liquid currency. It's all fucked.

>>12183516
But I want smaller weights. Are coins still the way to go for 1/4 and 1/2 even when shitty bars seem more cost effective? Are there coins which are still somewhat respectable but cheaper than eagles in smaller weights?

>> No.12183646

>>12183625
>you can be real fucking sure you still have incredible buying power over everyone around you.
unless they hold usd, btc, tether or anything else that can't be confiscated easily and moves across borders just fine and is actually divisible so you can buy toilet paper with it.

>> No.12183682

>>12183646
mind you if the usd goes to shit that's totally uncharted territory. because so far the collapse was always localized and the usd/chf/eur was a very fine substitute to the local cash.

>> No.12183712

>>12183646
USD collapses.......

thank god I have my bitocorns instead of gold so I can go across the border to countries like Mexico and Guatemala full of shitskins who will just end up murdering me for being white.

So your basically valuing bitcoin as a way to escape? Dude.... you have to stay and fight. You won't be able to go anywhere in a global economic meltdown with your 7 bitcoins

>> No.12183748

>>12183625
No dude he's saying that the gold lost value because you bought it for 1300$ and ended up getting 500$ usd for it.

The gold didn't lose value at all. 500$ usd in Venezuela is a shit ton of money. Just because it's $1300 in America doesn't mean you got fucked getting only 500$ used in Venezuela for it

>> No.12183809
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12183809

>>12181800
Red pill me on gold.
Like, I really don't get it. I kind of get it when it's a backing of currency, it would be nice if the government currency is backed by some hard to obtain object like gold, maybe even diamonds or something idk, but why fucking gold of all things?

Am I supposed to believe that in a world where the US dollar collapses that I will
A. be able to travel to another country
B. those countries won't have there own chaos going around.

Am I supposed to believe that for some reason shiny rock will still be worth anything when you can trade something useful. I honestly think in the situation where gold is necessary bullets would be a better alternative.

>> No.12183847

>>12183748
Buy stocks with that 1300$ and you'd have more than 1300$ over time though, during the balkan wars gold wasn't a trading commodity, cigs, ammo, weapons, meds, fuel, lights were.. nobody would want to haul around heavy pieces of metal in a shtf scenario

>> No.12183993

>>12183847
In Venezuela the stock market is at all time highs right now. But who gives a fuck when the currency doesn't buy you shit?

You need to stop being black and understand there's a difference between savings and investments. Gold is savings and stocks are investments.

Obviously Makeout more fiat is a good thing BUT when Shtf like in Venezuela and your paper buys you nothing you'll wish you had gold. And a gold revaluation will happen overnight.

Sure..... if I knew stocks would go up 30% I'd sell all my gold and then re buy back the gold after making the 30% in stocks. But you need that gold in your hands before the reset or your fucked.

And you don't need that much. Maybe 10 ounces of gold and 300 ounces of silver ad you'll have generational wealth

>> No.12184046

>>12183809
lets say all you have is toilet paper to trade, and you are hungry. so you go to the guy who has cows. you want to buy a cow, but all you have to give him is toilet paper. But he doesnt want toilet paper, he wants shoes. so what you do, is you give him some gold, which stores economic energy, which can be used as a medium of exchange to represent value, so that he may then go to someone who has shoes, so he can buy the shoes using his gold, in the event that person does not want to trade cows for shoes

>> No.12184058

>>12183847
>the balkan wars gold wasn't a trading commodity, cigs, ammo, weapons, meds, fuel, lights were.. nobody would want to haul around heavy pieces of metal in a shtf scenario

Yes it was you lying faggot. People literally sold their gold for guns and ammo

>> No.12184071

>>12183809
You buy the tons and silver for when fiat collapses then you buy up assets like farmland or apt complexes for pennies on the dollar for what it cost you to buy that gold in the fiat paradigm.

You aren't going to be crossing borders like a faggot. If you cross borders as a white person to some shitskin country you'll be fucked? Where the fuck are you going to go? Nicaragua? Bangladesh?

A days wage used to be a silver piece the wife of a silver dime for most of human history. That's roughly what it equals in places like china today. You work a month china and that's the equivalent of 2 ounces of silver a month. Meanwhile some fat faggot Insurance salesmen eating kit Kats making 200$ a day while providing zero real value for society is making the equivalent of 16 ounces of silver per day if he converts that Jew fiat to silver. That just flies in the face of all economic historical reality before Jew inflation and Jew fiat dollars.

SOOOO.... every ounce of silver you buy today for 13$ historically equals 2 weeks of days wages. Since 14 silver dimes equals 1 ounce of silver. And like you know now 1 Silver dime used to be a days wage.

So if you buy a measly 500 ounces of silver........ that equals 7,500 days wages. Or 20 years!!!! And it'll prob be 2-3x that because there's billions more people on the planet and much less silver available

>> No.12184077

>>12184046
Bingoooo

>> No.12184092

>>12184077
Yes, its a very novel advanced idea. It was discovered quite recently in fact, about 5000 years ago we realized we could do this

>> No.12184123

>>12184092
I can understand people being brainwashed against gold. But when we explain it so simply, and they still can't grasp the 2+2 = 4 based logic on it...... that's what fascinates me

>> No.12184130

>>12184046
gold does not store econonic energy thats an oximoron anyhow
you cant store economic energy in objects any more than you can catch and shelve photons

>> No.12184145

>>12184130
explain bitcoin then.

>> No.12184157

>>12184071
>every ounce of silver you buy today for 13$ historically equals 2 weeks of days wages
a retarded way of saying silver lost 99% of its purchasing power over the course of history

>> No.12184161

The total amount of gold in the world doubles roughly every 30-40 years from mining. There is enough gold available for extraction that this mining rate won't decrease in the forseeable future.

>> No.12184182

>>12184145
bitcoin does not store economic energy either its just 5000 years more advanced than rocks and better than them in every which way except one. offline transactions kinda suck with crypto right now.

>> No.12184197

>>12181833
Based bitcoin response poster

>> No.12184201

>>12184161
of you look at the charts its growing exponentially while the population capped in 35 yeats known mines run dry tho

>> No.12184208

>>12181857
>implying niggers can afford real gold.

>> No.12184221

>>12182757
1 BTC = 1 BTC. It’s been 10 years man try and keep up.

>> No.12184239

>>12184208
The problem is they are more fixated on diamonds, which unlike gold/silver will always be worthless.

>> No.12184259

>>12183646
>unless they hold usd, btc, tether
USD, maybe, unless it's the thing that's gone bust. You're definitely better off holding gold long term over USD though since it hasn't historically suffered badly from inflation.
Btc and tether? You're probably missing the part where electricity and network access go tits up in these situations. Your liquidity ends up in the shitter.

>>12183847
>Heavy metal
Nigga what. You can carry 100k of gold around in your pockets.

>> No.12184264

>>12184239
Yeah, diamonds are artificially inflated. They're essentially worthless.

>> No.12184270

>>12184221
also 2btc + 2btc = 4btc

>> No.12184288

>>12184259
hold some usd in cash hold most of your wealth in crypto when you make it to a safe country you can cash out

>> No.12184325

>>12182776
Well how do you know fiat will fail? Unless the Fed is shut down, they can't theoretically keep inflating the economy forever.

>> No.12184339

>>12184325
Can* sorry my gf was bugging me with some dog video while I was trying to type.

>> No.12184421

>>12184288
Hm, makes me think. The only risk is that USD is the thing that busts. Could conceivably happen if China decided to go full Germany 1939.

>> No.12184548

>>12184325
>>12184339
sure they can. and since fiat is an exercise in confidence, the people will see what the price of gold would be in that situation. that's when you'll see a bubble in gold prices. china, russia and europe are preparing for the endgame. it's ironic that i constantly see insults of "shiny rocks" thrown around. if these rocks are so useless then why are central banks now NET BUYERS of a useless item? the very banks that control fiat money supply treasure gold highly. what does that tell you.

a fully fiat monetary system has only been in place since 1971. that span of time is literally a blink of an eye.

people aren't dumb. in parts of europe where they already have negative interest rates, people are simply withdrawing their paper bills out and holding them under their mattress.

this is why a fully digitized currency would be inherently bad. central bankers would control the world. you wouldn't be able to hide your wealth any where.

>> No.12184558
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12184558

>>12182757
ok gramps, enjoy getting your wealth confiscated on every border while the masterrace moves $trillions in an out>>12182730

>> No.12184771
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12184771

>>12181800

That's why you buy solid gold miners instead.

>> No.12184891

so is this the same "gold is real savings" guy posting every day or a paid shill group of people reading off a script?

>> No.12184942
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12184942

>>12181833
BTC is for if the dollar crashes
Bullets are for when everything crashes
Gold is for post SHTF when things are rebuilding so you can trade it for whatever is the accepted fiat (if people aren't just using gold and silver) and keep your wealth

If you aren't hodling all 3 you definitely aren't ever gonna make it.