/biz/ - Business & Finance

And the unironic part is the reason you can't fucking "make it" today and are throwing your money into shitcoins is because the dollar is fucking dying BECAUSE it isn't backed by gold anymore.

60 years ago under a gold standard you could drive retards to school on a bus and "make it" with your wife at home raising your 3-4 kids.

The literal revolutionary war was fought over England wanting to subject the colonies to paper money so they could manipulate the colonists.

Why do you think "income inequality" is a thing in the first place? Under a gold standard the term "income inequality" dosnt even exist.

A min wage earner in 1964 had about 2 times the purchasing power as a min wage earner does today because we had sound money back then.

>>13500261
Good take, OP. So does this mean I should buy gold and collapse the government?

>>13500316
If everyone bought a bunch of gold and silver today it would take the power out of Washington overnight

>>13500312
This. Fucking THIS

With a gold standard everyone is richer, has an easier life, can make it with a simple job.

Is gold a safe heaven for when satoshi crashes the market with the tulip trust founds?
Or is better to go all in BSV?

>>13500261
>Gold is both currency but more importantly MONEY
It isn't though. Can I walk into the grocery store and pay with gold? No. Are stock prices valued in gold? No. Gold is currently a commodity and that is all.

>>13500261
>Gold isn't about making gains. The dollar price of gold is irrelevant.
>goes on about how you can make it with gold and the dollar price of gold
? ? ? ?

>>13500657
Nobody is going back to paying for shit in silver and gold but it was like that for thousands of fucking years you mong. So im saying its POSSIBLE for gold and silver to be used as currency.

>>13500657
Gold is a commodity? How so? Govts demonetized gold. So why the fuck is gold $1,300/oz?

>>13500994
Of course it's possible. It's also possible for shells and giant stone wheels to be used as currency. The point is that gold, shells, and stone wheels are not used as currency. While gold can be money, it currently is not.

>>13501014
Commodity (n) a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

>>13500312
>>13500590
GAS THE BANKERS

>>13501028
Just because the faggot govt says gold isnt money doesnt mean its true dude.

LIKE I SAID ABOVE...

20$ was a good weely salary 100 years ago. And 20$ equaled 1 oz of gold. Had you worked 100 years ago for 1 week. Which would you have rather held in your pocket for 100 years to spend today? the 20$ or the gold ounce?

Obviously the gold ounce because when you exchange that ounce for fiat you get $1,300 which is still a good weekly salary. SO CLEARLY GOLD IS STILL MONEY TODAY, while the dollar is a shit poor excuse for money.

>>13500312
>Why do you think "income inequality" is a thing in the first place? Under a gold standard the term "income inequality" dosnt even exist.
income inequality still existed under a gold standard retard
>A min wage earner in 1964 had about 2 times the purchasing power as a min wage earner does today because we had sound money back then.
labor force doubled with when women started entering the workforce in the 60s

going back to a gold standard would help defend against the government inflating the dollar but don't pretend it will solve all of the problems.

>>13501052
Just because you say that gold is money doesn't mean it's true dude. What is money? Money is something that is a unit of account, medium of exchange, and store of value. Of those three functions, gold only serves as a store of value, like other commodities do.

both Crypto and Gold are retarded

What yield you getting on those rocks?

>>13501081
Nobody fucking knew of or used the term "income inequality in the 50's and 60's. Are you telling me "income inequality" was a top 2-3 presidential issue back then like it is today?

>>13501085
If gold isnt money then why the fuck has it been money for thousands of years?

Gold fits ALL the characteristics of money. Rare (but not too rare), indestructible, anonymous, unit of account, medium of exchange, fungible, etc etc.

>>13501085
"Gold is money, everything else is credit." - JP Morgan (1912 testimony to congress before his death)

>>13501101
>Are you telling me "income inequality" was a top 2-3 presidential issue back then like it is today?
No, but lets not pretend income inequality didn't exist back then. It certainly has grown to be a bigger issue, and moving away from the gold standard has played a part but it's retarded to say that's the only reason.

>>13501113
"Being money" is not an intrinsic property of things. What is and is not money is determined by actual usage. Gold was money, but no longer. It is not used as a unit of account or medium of exchange on any serious level.

>>13501121
Morgan made that statement when we were still on the gold standard.

>>13501132
So why is gold $1,300.oz today? Nobody uses it, govts have demonetized it.

I mean for all intents and purposes, gold is basically useless right now. So why is it $1,300/oz?

>>13501124
Thats fine, but its a pretty big reason. Of course it might not be 100% of the reason, but it certainly isnt only 20% of the reason.

>>13501148
>Nobody uses it
Of course people use it. It has industrial applications, is used for jewelry, and is used as a store of value. What people don't use it for is as money.

>>13500261
gold is a natural resource. you can't "back" humanity forever on a natural ressource. we have the technology to do without, and that's fortunate, because at some point we would have had to deal with that issue. bitcoin will measure value better than gold. since it's digital, it will always be more efficient than a natural ressource.

>>13501177
Gold being used in industry isnt the reason the price was at 300$/oz in 2002, then jumped to $2,000 in 2011, and is now $1,300 a good 4x higher in fiat value than in 2002.

>>13501177
Yes, a store of value. Pretty much the #1 attribute of money. Something the dollar does not possess

>>13501207
That's fine, but the fact remains that it still isn't money.

>>13501222
If we are going to say that money has a #1 attribute, it's as a medium of exchange. Also, the dollar does serve as a store of value, it just sacrifices long term value for short term stability. If you have a dollar today, you can be confident in its value tomorrow.

You have a child's understanding of money.
You said so many wrong things, I'm not going to go over them. Even if I did, I have a feeling you'd still be raving about gold and the IMMINENT collapse of the dollar till the day you die.
If you're worried about inflation, just buy TIPS, but stocks generally outperform them.
Gold is in the past. We have a new system now. Gold just sits there. Investments let you profit from other people's work. Nobody cares about gold.
Stop being poor. Sell off your gold already, so that you don't strain yourself all day every day trying to get others in on your hopeless cult.

>>13501199
Your logic is off. The issue isnt that gold cant measure value, gold already measures value perfectly. Bitcoin wasnt created because of a fault with gold being able to measure value.

The dumbest people in crypto are those that are trying to make a case for bitcoin over gold. Bitcoin gaining relevance has nothing to do with anything being wrong with gold. Unironically bitcoin was created BECAUSE the kikes took us off a gold standard, but has nothing to do with gold in anyway whatsoever.

I mean people in crypto literally market bitcoin as the new gold. I'm not against crypto, but it is logically retarded to be anti-gold when you are literally trying to market you invisible coin as the new gold, and the reason you are marketing it as the new gold, has nothing to do with any problems with gold in the real world.

>>13500657
There's a app for that, With a contact less mastercard.
So yes.

>>13501255
>If you're worried about inflation, just buy TIPS, but stocks generally outperform them.

Thats the point retard, inflation. Why do we have massive inflation? Because we went off a gold standard.

I invest in stocks and crypto. Those are investments. Gold is money and savings.

You do know that there is a difference between investments and savings, right?

Thats the fucking point...gold is just supposed to sit there. Nobdy is saying put 100% of your shit in gold. But putting 100% of your shit in dollar denominated rigged overinflated stock market because of criminally supressed interest rates, then you are a dumb nigger.

Even when we werent 22 trillion in debt in the 80's or 90's it was still sound advice back then to keep 10% of your net worth in gold.

I bet if you interviewed 100 money managers to manage your portfolio for you and they broke down what they would be putting your money into or suggest you put your money into....i would bet ZERO of them would say buy actual physical gold and silver, even if its just 2% of your net worth.

>>13501291
Is the merchant actually being paid in gold, or is the app selling your gold for fiat that it then transfers to the merchant?

>>13501244
If there is no store of value then the money doesnt exist bro.

>>13501326
Good thing there is then.

Man, I kind of feel bad for the people getting sucked into precious metals. They really haven't run the numbers. It's either a speculative position or a potential hedge, and the spread on buying the metals themselves from a broker almost never works out in your favor because of a combination of fees and the fact that they sell above spot price and buy below it.

Now, would I speculate on them? Hedge with them? Conditionally I might, but I wouldn't "invest" in them or hoard them on the presumption of some kind of monetary collapse reverting us to using shiny minerals as a medium of exchange.

>>13500312
Fucking this, idiots dont even realize why we fought the revolutionary war. Too bad the kikes established a fiat ponzi anyways, its not sustainable forever though
>>13501096
you can make your pixy dust fiat gains for another 3 decades SMshitter, it only takes 1 day for us rem holders to be right and 1 day for your fiat bags to become obsolete
>>13501148
>why isnt it
two words, Future Derivatives
>>13501199
>more efficient
if plebcoin reached golds market cap, plebcoin would account for 20% of the worlds co2 emissions, no way any climate change hoaxer buys into that shit, PoW is flawed, china owns all miners its centralized and they can 51%, holdings are centralized too with 90% of plebcoins in existence in a mere 1000 wallets, plebcoin is slow as shit and isn’t scalable, yet retards will stay believe that it will become the global currency for daily tx’s

>>13500261
looks like the retarded goldbug is sweating at the idea that a large portion of mcap in gold will go into bitcoin.
just look at the inflation-adjusted chart moron.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
From 1935 to 1971 and from 1980 to 2000 gold kept losing its purchasing power. Buying gold is all about timing the market.

>>13501255
>nobody cares about gold
The kikes that paid you for this post stack it to the ceiling

>>13501338
Gold is real money and real savings. How the fuck can you claim that gold is speculative? You are living proof that public schools ruined this country.

Get it through your head. GOLD IS ACTUAL REAL SAVINGS.

A gold ounce 100 years ago was a good weekly salary and equaled 20$. Today that same gold ounce you earned 100 years ago is still equal to a good weekly salary at $1,300/oz....while that 20$ you earned 100 years ago has lost literally all of its value.

How are you people not able to think at all? Gold is the literal opposite of a speculative position.

How can you retards now understand the difference between savings and investments? Some of your fiat you put into investments, and some of your fiat you put into real savings.

How can you people not grasp this shit?

>>13501371
>Get it through your head. GOLD IS ACTUAL REAL SAVINGS.
no it's not retard see chart >>13501355

>>13501355
Bitcoin could have 50 times the marketcap that gold does, and it still wouldnt change the value of gold one bit.

MONEY isnt supposed to go up and down in value you retards.

When they started issuing dollars in america do you think people earned 20$ and then held that 20$ in a safety deposit box in hopes that it would buy them a mansion 7 years later like with bitcoin?

>>13501371
>how can you people not grasp this shit
Decades and decades of kike brainwashing through the education system, media and news. Little do they know their same indoctrination overlords never stop buying rem, but tell paid shills to say its a worthless rock.
Just let them keep living in clownworld until this shit implodes

>>13501384
That is just manipulation in the short term. Yes, if i buy gold today and it goes down to 900$ and i sell then i lost purchasing power, BUT when you buy gold you arent buying it to sell it back for fiat. You buy gold for the reset, but over longer periods of time you value is stored.

You can read a bible quote from 2,500 years ago saying that 1 ounce of gold bought you 350 loaves of bread. Guess what? If you sell that same ounce of gold from 2,500 years ago today, youll get $1,300 and with bread costing about 3.50....you can still buy roughly 250 loaves of bread.

Now suck it

>>13501384
>muh chart

is my country going to get completely JUST'd?

>>13501439
it counts over the very long term which is totally useless for a human lifespan. What can't you understand in "From 1935 to 1971 and from 1980 to 2000 gold kept losing its purchasing power"? You buy gold in 1935 and your purchasing power (you know, the thing you want to preserve, moron) keeps falling for 36 fucking years. What an amazing saving!

>>13501486
Get out while you still can

>>13501507
The fucking lifespan doesnt matter. Doesnt matter if you live 3 years or 300 years, the point is that gold has held up as money for thousands of years, and even today despite being de-monetized by govts.

Human lifespans or years lived are irrelevant.

>>13500261
>>13500312
>gold is MONEY

typing in uppercase doesn't make it so

>>13501507
Also, did the dollar lose value in those two time periods? YES

Also...what gave the dollar its value? Oh yeah, gold.

>>13501507
Also, you never value gold in terms of dollars.

>>13501547
If it helps you sleep at night when you should have exited gold in 2012 then good for you. Only recent times when buying gold was a good move was in 2000. And sell the bags to goldbugs in 2012 to buy real estate.
>>13501567
Gold isn't a hedge against CPI. USD value counts because you arbitrage it with other goods.

Monetary system with a bit of inflation and we can keep getting forward as a society. It hurts savers but for the greater good of the economy overall.

>>13501313
>savings
>Thats the fucking point...gold is just supposed to sit there.
So it's pointless. I didn't want to laugh at you, but you're making it difficult.
>dollar denominated rigged overinflated stock market because of criminally supressed interest rates
Keep raving like you know what you're talking about.
>>13501406
>MONEY isnt supposed to go up and down in value you retards.
In this system it is. Nobody cares what you want it to be in your fantasies. You're wasting your life raving into the void.

Buy dgd or dgx then you pleb

>>13501667
Why are so many pinning their hopes on bitcoin making it so they make it?

Because cost of living is skyrocketing right?

Why is cost of living skyrocketing?

>>13501667
Gold Isn't pointless is fucking stores value that's the point

>>13501667
"In the absence of a gold standard it's impossible to protect savings from confiscation through inflation - there is no safe store of value." - Alan Greenspan (1966)

>>13500336
Uh, no it wouldn't. If you want to take the power out of Washington, you have to take away what backs the power of the dollar: the labor of the citizens of the U.S. That means many, many people would all have to resign their jobs and find a way to make a living without using government money. This can be done legally such as living on a farm and growing their own food and selling the surplus (feeding the government, potentially) to pay off property taxes and to pay for certain necessities that they cannot create themselves or it can be done quasi-legally by working with a bunch of other people and exchanging services without the use money. Technically, this is barter and the government expects people to pay taxes on it.

Even then, Washington would still have a lot of power if people in other countries need the U.S. dollar. So long as the dollar can be used to buy the labor and ideas of people or physical goods such as land or commodities, Washington will have power.

>>13501261
there's no reason to be anti-gold nowadays. we don't have a lot of gold right now. but bitcoin is simply a better gold. it doesn't have to be backed by gold, it would make no sense. bitcoin has value in itself, like gold. bitcoin is more efficient, and more suitable for technological progress than gold.

>>13501486
Don't worry. You can just sell the rest of Vancouver and Toronto to China. Meanwhile, Canada can buy into Trudeau's idiotic ideas and take in all the illegal aliens the U.S. doesn't want and show the world how beneficial to a country those illegal aliens are.

>>13501344
>if plebcoin reached golds market cap, plebcoin would account for 20% of the worlds co2 emissions, no way any climate change hoaxer buys into that shit, PoW is flawed, china owns all miners its centralized and they can 51%, holdings are centralized too with 90% of plebcoins in existence in a mere 1000 wallets, plebcoin is slow as shit and isn’t scalable, yet retards will stay believe that it will become the global currency for daily tx’s

a lot of your points are flawed, the worst has to be about the tx, it's like wanting to program in binary, you don't, you build layers on top to make tradeoffs (performance/security/usability etc)

>>13501081

>income inequality still existed under a gold standard retard

You mean people getting paid for their labor's worth? He's talking about people getting the value of their money printed out under them without wages rising to compensate for it. You either INVEST, which requires excess income, or you lose.

>>13500994

I'll accept payments in silver or crypto no problem

>>13501815
Most of those points albeit the last one cannot be flawed as they are statistically facts. Keep hodling btc to 0 lad

>>13500261
I stopped explaining this to people who don't care to understand the basic gist of precious metals and their purpose. The people who do get it will likely stack some quietly just in case.

>>13501916
those are not even good points, you talk about 51% attack, well, go tell china to do it and let's see what happens, it's weird that bitcoin hasn't been compromised yet with such a high worldwide exposure, makes you wonder why

>>13501884
It's even nastier than that. If you have enough money to earn a reasonable rate of interest in a savings account or certificate of deposit, the rate of interest is actually less than the real rate of inflation. So right there, you're already losing purchasing power. However, to compound matters, you are taxed on the interest you are paid. A fairer tax would be to allow a certain amount of capital gains, interest, or dividends to be free of taxes to cover for inflation and the remainder to be taxed.

>>13501729
>Because cost of living is skyrocketing right?
Not skyrocketing. Increasing. So do wages. Grow up.
>>13501733
>>13501745
There's no point to "savings". Also, nobody cares about the one cent you lose to inflation on your liquid assets.
gold/savings = pointless
Get it through your skull.

>>13502111
But the question is WHY is cost of living increasing in the first place so wages have to keep up?

Who is benefitting from the increase in cost of living?

Oh yeah.... the Jews in the govt and the federal reserve who are confiscating all our wealth through inflation

>>13500261
I have 5000000 ounces of corn . Will I make it?

>>13501764
>Bitcoin isn't gold but its a better gold

>even tho there was never a problem with gold in the first place. They just took us wolf the gold standard.

>>13502324
>But the question is WHY is cost of living increasing in the first place so wages have to keep up?
Grow up. It's how the system works.
>Who is benefitting from the increase in cost of living?
Everyone who lends money or is otherwise invested into the economy, you highschool dropout.
>the Jews in the govt and the federal reserve who are confiscating all our wealth through inflation
Wrong, you childish racist conspiracy mental retard.
Anybody, even you, can buy treasury bonds to join in this "confiscation".
Gold salesmen are making money off mentally ill people like you.

>>13500606
Unironically both. The new paradigm will be a precious metals backed currency, with BSV (= globally scaled Bitcoin) as the infrastructure and plumbing allowing for great financial flexibility in transfer, record keeping, banking, etc.

The people trying to take out the central banking system are working on many fronts, and both Craig and Trump is part of this alliance with a multi-pronged attack. They are preparing and building the new system that will be the solid foundation when the jew ponzi system collapses.

>>13501486
Yes. You will most likely be annexed by the US as a prison colony for cucks and communists though, so keep your spirits up.

>>13501406

>>13502597
bitcoin was created to counter that

It's pretty much always a losing proposition to sell gold or silver

>>13501978
They’ll time it right to max out profits, they have so much room to dump on you guys its insane

>>13502937
its not, moron. just watch a chart.

>>13502857
Bitcoin was prevented to prevent the annexation of Canada?

>>13502857
To counter what? The annexation of Canada?

Is silver a good investment? It's so much cheaper than gold atm.

>>13502439
And when is that going down?

>>13503500
Yes i dont even own any gold atm
Mining ratio for gold to silver is 1:9 but the current trade ratio is something like 1:85. Silver has more industrial use cases as well.
Hardware tech (computers, phones, cars, solar panels, batteries) is the future and said hardware tech needs silver, silver = future. I wouldn’t be surprised if we even saw silver per ounce surpassing the price of gold within a few decades. Silver is at an all time low, but anons on biz only buy the top and sell the bottom

Chinese are buying retail and shit all over the US cause they know their currency in every sector is doomed. Fed contemplating QE4. Stock market in huge bubble. Whole global economy based on the doomed to fail dollar. Silver $/oz very low. The whole world is stacking up on precious metals. The whole world will turn to precious metals when the dollar fails.

Will ou be caught with your pants down? If you don’t PHYSICALLY OWN any gold or silver, AT LEAST 10% portfolio, you’re a fuckin brainlet.

>>13503500
You don’t own precious metals to make money, you own them to HAVE money. The dollar isn’t money, we will found out very soon.

>>13503591
>>13503614
I don't know if it's true but I've read that in Venezuela 1oz of silver can purchase 6 months worth of food.

> year of Our Lord 2019
> Still engaging in goldbuggery

>>13502597
>washtrading, the boomer rocks version

how is this different than crypto exchanges botting false volume ? Zero evidence that these are individuals organically withdrawing more gold.

>>13503598
This, anything below 10% is suicidal, instead biz would rather invest bullshit volatile internet coins with no intrinsic value based entirely on arbitrary speculative hype, or into the all time high top of the massive bubble stock market, both of which looked at with premise of cashing out into fiat. All fiat over history has failed and all will fail, the USD isnt anythint special. FED even admits verbatim that “default is impossible because we can always just print more money, but we cannot guarantee the purchasing power of that money”, but biz will still deny that the USD cannot and will will not ever fail. For every dollar thats printed, that dollar further devalues all other dollars in existence, they’ve been doing this for almost a century, but biz will deny that the USD cannot and will not ever fail. The banks that own the FED stack and keep accumulating rare earth metals to the ceiling, but biz will say that the USD cannot and will not ever fail. If rem is so entirely useless and entirely worthless than why do the banks that own the FED not only stack but supress its price? Because unlike you 300 IQ larpers they know that their own fiat ponzi, which they created, is not sustainable.

>>13503615
coming to a country near you

>>13503615
Yes that is true, when hyperinflation occurs rem maintains its value or increases its value. A similar event will occur when the USD fails, might not be as drastic as this Venezuela collapse but it will still be huge, as this time it will be global and nobody will be safe for big loses

>>13500261
https://files.catbox.moe/7xgjhx.webm
https://youtu.be/-ps5Tu0kdPY?t=1403 (23:23)

low iq goldbugs have been talking about a fiat collapse for what... decades?

>>13503537
Within the next 2-3 years. The stage is being set right now, the takedown of the crypto casinos is just a preliminary act. The takedown of the Fed comes after. 2019 is going to be wild.

>>13503969
Checks out considering Craig’s grandfather and the fact that Craig and Calvin have been screaming about the exchanges going down for weeks. Before the news came out about finex.

>>13503969
Any other redpills? We are of a like mind, fren.

>>13504101
I got a bombshell, but we get into stuff that most people wouldn't believe. You have to go through multiple layers of cognitive dissonance to see the picture, and not sure you are primed for it. So i'll judge based on your response to this question.

Do you follow Q?

>>13504340
I was in the first thread, haven’t followed tho desu got burnt out by pedogate

>>13504340
dont forget to take your meds schizo

>>13504378
I see, then I won't go deeper, as the puzzle I've put together over the last year won't make any sense to you. Detailed understanding of certain elements of the Q operation (there's 3300 drops now) is a requirement for things to click. If you want to see the big picture of what's actually going on, it's imperative to follow along, even if you are skeptical. There's so much information dropped there that will blow people's minds, you should definitely catch up when you have the time.

Anyway I'll just leave it at this: Craig is a LOT more important and protected than what even most BSV supporters would believe.

>>13501255
>If you're worried about inflation, just buy TIPS
is this real trolling?
>Stop being poor. Sell off your gold already
why dont you just ask to fuck his wife too

>>13504482
I’ve heard he definitely has serious security, and I know of the nsa connections in his family and how that relates to q.
Also, nothing surprises me after pedogate so my mind is open and my own thoughts led me to the same conclusions in your original posts ITT.

I’d be interested to hear more of your thoughts.

>>13504482
Also, it was pretty obvious after jack banned Craig that something was going on.

>>13500261
cool story bro, but you just highlighted your own demise.

we're not gold standard any more. the boomers are dieing. gold will be forgotten about. show me a stat of the number of gold bullion owners, i guarantee it's gone down.

>>13502337
if you feed hogs and makes shine, you could run BarterTown

>>13503598
>10%
x10 fool. all in

>>13500312
Gas the bankers, money war now.

>>13504522
Yep, the NSA connection is definitely a big clue.

Here's another:

>>13504578
And last clue and perhaps last post I will make in this thread.

>>13504623
If you ever feel like making a breadcrumb thread I, for one, am interested. hopefully I’ll be around.

>>13504660
I made one a couple of months ago where I spilled most of the clues I had at the time, that was quite fun if anyone remembers it. Lately everything has gotten even clearer, as events play out.

The world is a stage, and certain actors are playing out their roles. Much of it is controlled by hidden hands, some are fighting for good (light) and some evil (dark). There's antagonists and protagonists, main players if you will. Craig Wright has been selected as one of them.

If you follow Craig/BSV threads going forward I most likely will be dropping more info and clues in the future, depending on how perceptive people are at any given time. Many threads just end up in a shillfest of poopoo peepee attacks and I won't waste my breath. You will probably recognize my posts when you see obscure CSW tweets that probably nobody else but me has saved.

Such as pic related

>Paultards with the same spiel for decades episode

>>13503163
kek at reading the future, it also makes sense for sure for them to end a source of income, let's hope that what they convert into isn't crashed by a big holder of said asset

>>13504743
Thanks, you have my attention and my curiosity.

>>13500261
This whole OP can just be summed up as
>I recently bought gold, please buy my bags

The majority of the world's supply of gold is held by the super-wealthy, including institutions. This means that they control the price. Gold does have intrinsic value, but when the overwhelming majority of the supply is in private hands, it means that the market

>You MAKE IT with gold in a currency collapse or reset. Gold one day gets revalued overnight to 50k/oz followed by a deflationary collapse of all asset prices. And you can buy an apartment complex for 2 or 3 ounces of gold which only cost you 3k or so to obtain in the first paradigm.

Why didn't it happen in the 1930's? If you are going to look at history, you should probably pay attention to gold seizures throughout histories during economic collapses instead of imagining all the undervalued properties you're going to buy up.

>>13504916
I don't need you to buy my bags for gold to have value. Nor do I want to sell my bags until the currency reset. That's when you make it

>>13504916
World wasn't swimming in debt in the 1930's like today.

>>13500261

when you adjust for inflation gold and silver prices are the equivalent to like 1973 right now

>>13505089
>>13505096
I honestly don't even feel like trying anymore. Low-level retail investment is just a fantasy land that people live in, a fairy world of hopes and dreams, where what you would prefer to be real is what you think is real, and you try to push that version of reality on everyone you can possibly shill to

>>13505189
So you are saying that going off the gold standard has nothing to do with people's standard of living declining?

You don't understand what I'm saying because you don't understand that gold is not an investment.

When you go to a coin shop and buy gold you are simply transferring your paper wealth that can be inflated away into a real store of value.

When you buy gold you aren't actually buying anything you are transferring your wealth from fake paper wealth to real wealth.

Do you understand that?

>>13504916

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”

~Norm Franz ("Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order")

If gold is not "money", then why do the central banks of the world hold gold reserves in the first place? It's a handy way of settling large transactions between nation-states (trade sanctions, reparations, etc.). The US government holds its gold in Fort Knox (of course) and also at the US Mint facility in West Point, NY. And the New York branch of the Federal Reserve is a custodian for a portion of other nations' gold holdings; all it takes for a transfer of funds is to take the required bars of gold bullion to the scales, weigh it, and then allocate it to the national government receiving payment. Here's a list of the 10 countries with the most gold holdings:

>https://markets.businessinsider.com/commodities/news/gold-countries-that-hold-largest-reserves-2019-4-1028128947

Even if not currently illegal to do so at the moment, the federal government discourages private citizens from stockpiling gold in bulk through direct and indirect measures. Ever wonder why you have to report transactions totaling $10,000+ to the government? Originally, it was to counter money laundering committed by organized crime syndicates or to fund terrorism, but it also serves as a measure of capital controls (i.e. Preventing money from leaving the country without prior authorization). It's also related to why governments sneer at cryptocurrencies such as Bitcoin, Litecoin. Only sovereign governments have the authority to mint coins and print currency. In other words, the government hates competition, and will do whatever it takes to get its cut of the transaction (cryptocurrencies subvert Uncle Sam as the middleman).

>>13502439
This statement makes a lot more sense now.

>>13505308

It doesn't matter if you have eight 1 oz American Gold Eagle coins in your wallet, or have a stack of $100 bills amounting to $10,000 on your carry-on luggage when going through customs at the airport, government agencies will take an interest if a massive amount of money enters or leaves the country. On the flip-side of the coin, if you're trying to convert your BTC to USD etc, the government wants to know how you came across that money so they can extract their cut of the "protection" fee from your stash.

>>13505372
I think American coins are valued at face value at the border. Don’t quote me on that tho

>>13505392

No, customs will value gold coins based on the prevailing spot price per troy oz. For example, at the time of this post, gold is around $1,270/ ozt. Total value of 8 Eagles would equal $10,160. That triggers the $10,000 FinCEN reporting threshold and requirement to declare at customs.

>https://internationalman.com/articles/crossing-borders-with-gold-and-silver-coins-a-glimpse-of-things-to-come/

Bullion coins, be it gold or silver, have a face value stamped on them, but the precious metal value exceeds face.

pic related for example

>>13505236
I'm not interested in stickmen

>>13505308
If either of you even read what I wrote, I don't think you understood it.

What is the point of me typing up another reply?

>>13500312
>A min wage earner in 1964 had about 2 times the purchasing power as a min wage earner does today because we had sound money back then
Yeah the fact that there weren't millions of shitskins being imported to drive down wages had nothing to do with the purchasing power of min wagies in 1964.

>>13505984
That plays into it as well. But it's not the only or main reason