/biz/ - Business & Finance

The dollar vale of gold means nothing. Did gold all of a sudden become valuable when America was born and the dollar was created? Nope. So why would you be valuing gold in terms of dollars? Also...it was gold that gave value to the dollar, so its completely illogical to value gold in terms of dollars.

buy bitcoin instead

no one needs boomer rocks

i agree, buy gold and bitcoin, not silver

>>15225747
Bitcoin is digital gold

>>15225760
And don't forget to thank me, sir

https://imgur.com/UfeyY6l

how many rock threads you schizos need to spam

>>15225960
we want to save as many anons as possible

>>15225930
Bitcoin is better. You can send it over the internet and it's impossible to counterfeit.

>>15225930

>>15225747
OP i agree precious metals is a vital piece in a diversified portfolio. I own a ton of silver mining stocks. Would you recomend i also own the physical certificate?

>>15225983
Where did I say I was anti-crypto??? Bitcoin is not competing with gold. Bitcoin could be 1 million dollars per bitcoin and it wouldn't make gold even 1% less valuable. People buy bitcoin because the dollar is dying unironically because gold doesnt back the dollar anymore.

If I had only 100k to my name and I could buy only all gold....or all bitcoin....or a mixture of the two. I'd probably buy 70% gold and 30% bitcoin.

Here is the thing though, even if you think bitcoin is much more important to have than bitcoin it is still very stupid to not have 10-15% in gold because bitcoin doesnt solve the world's debt problem.

And it works for both rich and poor people because even just a few ounces of gold could "make it" for you in a currency collapse AND the more money you have the more of an idiot you are for not having gold since youve already "made it" yet arent protecting your assets. And you only need 5-10% of your wealth in gold to make out like a bandit when the deflationary collapse of all asset prices happens

>>15226022
NOOOOOOOOOOOOOOO.....

now Im not saying silver stocks are bad to own, but if hyperinflation happens tomorrow, you silver stocks are denominated in fiat. So youll be fucked. You need to own actual physical metal.

Real wealth is gold and silver. Sure, you might have made 100% on your amazon stock but when the market/dollar collapses that fantasy paper wealth on the screen will dissapear. You need to take a % of your profits to lock it up in a true stroe of value otherwise your fantasy paper wealths will dissapear.

>>15226043
Where did I say you were anti-crypto? Bitcoin is better than gold, but it's probably good to have some gold as backup in case of a solar flare.

shut the fuck up already

>>15226053
if hyperinflation happens stock price goes up dumbass

>>15226075
Saying bitcoin is better than gold is like saying a raccoon is better than a caesar salad. Bitcoin isnt trying to compete with gold. Gold for all intent and purposes is already defunct as a monetary metal. Whatever bitcoin is trying to solve has nothing to do with gold.

If gold didnt exist anymore tomorrow morning bitcoin wouldnt benefit from this.

If gold dissapeared people wouldnt be like...ok... well now its obvious we have to use bitcoin.

You are comparing two things that have nothing to do with each other.

>>15226098
Who gives a fuck when you cash out your stock gains and you cant buy food with it? Fucking retard. Venezuelan stock market syrocketed too and people were eating their pets.

>>15226127
not true and i can proof it

I'm a poorfag but was able to trade up to 1 BTC...thinking about dumping half into silver and gold... talk me out of it please... someone

>>15226140
what am i looking at?

>>15226136
because Venezuela has no industries you moron. Unlike Venezuela USA has actual corporations that produce actual things and services. Your useless shiny rocks produce nothing

>>15225960
There's what, 150 threads on here at any one time and 98% of them are cock suckers like you shilling their imaginary internet tokens with maybe two precious metals threads at the most and we are the ones spamming the board. Go fuck yourself, seriously fuck you.

>>15226127
The main use case for both Bitcoin and Gold right now is as a hedge against inflation. This is why people pay a premium for Bitcoin in countries with high inflation. Bitcoin and gold do compete.

>>15226162
at least each thread shills a different coin. why you need more than 1 thread to shill your useless rocks moron?

>>15226165
How is bitcoin a hedge against inflation when its denominated in dollars?

I agree that buying bitcoin or other cryptos to beat inflation is a good idead since you cant "make it" otherwise....but when the actual dollar fails then you want to be in gold more than bitcoin. not saying dont have exposure to bitcoin but you will want to be in gold.

If I have 100k and you told me hyperinflation would hit next week and I could use that 100k to buy gold and or bitcoin.... Id probably put 30% into bitcoin for the lulz because 70k in gold will be a shit ton of gold to have when hyperinflation hits. And who knows the bitcoin might do great too, but you dont know that, wheras we KNOW gold in hyperinflation will be fucking amazing to have.

>>15226165
Basically if you told me the dollar will still be around in 40 years ill sell all my gold and buy bitcoin. But if the dollar fails and you dont have gold youll be fucked. You still may make it with bitcoin but you dont know for sure.

>>15226220
What do you mean by Bitcoin being "denominated in dollars"? If the value of dollars goes down, you can buy more dollars with the same amount of Bitcoin.

>>15226147
Do it. BUT.... buy all silver. Because the current silver to gold ratio is a totally fucked up 80 to 1...when historically it is 16 to 1 because thats the ratio it comes out of the earths crust. So you buy silver and wait for the ratio to narrow to like 30 to 1 and then flip for free extra ounces of gold, that you otherwise wouldnt have gotten if you bought gold right now.

Gold is undervalued but silver is the most undervaled asset on planet earth and is the achilles heal to the cabal.

Remember anon....for most of human history a days wage equaled a silver piece the size of a silver dime. AND in much of the world today that is still true. When you hear about some chinese rice paddy farmer or picker making 2$/day...that is in line with sane economic sound money reality....since that 2$ that that chink earns...brought to a coin shop....will buy you a silver dime....which costs about 2$ for its silver content.

So because of the fed and massive inflation....some asshole selling insurance making 200$/day producing zero real value for society is making the equivalent of around 13 ounces of silver a day if he took that 200$ after work one day and went and bought silver. THis flies in the face of all economic sane histrical reality.

Put another way.... For every ounce of silver you buy for 16$ you are locking up 2 weeks worth of days wages, since 1 ounces equals 14 silver dimes. So if you buy 5k worth of silver which is what? like 300 ounces or so? You would literally have like 10 years worth of days wages AND it will actually end up being 2x-3x that because there are billions more people on the planet and much less silver available.

>>15226292
Also to add to this.... that 16$ for an ounce of silver which historically would be equal to two weeks worth of wages.....that 16$ barely buys you a jimmy johns sandwich, chips, and drink which just proves how badly the govt/central bank are fucking us through inflation...

In venezeula where their currency collapsed 1 single ounce of silver buys you 3-4 months worth of food on the black market. Yet the 16$ used to buy food in america barely buys you one lunch.

And it all makes sense too because if you worked for two weeks and made like $1,200.$1,200 would be enough to buy food for 3-4 months.

>>15226243
Bitcoin isnt following the dollar being debased. Gold does.

>>15226053
>>15226053
What if people rush to stocks to protect their wealth? This is clown world you know.

>>15226243
The gold price going up = dollar debasement. Thats not the case with gold.

If gold and silver werent being manipulated down by comex... gold would easily be fucking 15k right now and silver would probably be at least 500$

>>15226329
Theyll be fucked. What is coming isn't going to be just a correction like regular where if you have cash on sidelines you can get deals. Let them be fucked. You need to own gold.

Its clown world because even as close back as the 80's it was fucking totally normal to have 5%-10% in actual physical gold and silver. I bet if I went to 100 money managers to ask them what they would do with my money I would bet my left netsuke not one would say put even just 1% of your wealth into gold bullion. Maybe a few would say gold stocks but I bet none would say gold bullion.

And in the 80's things were relatively ok. You werent worried about the dollar failing then. Now we are 20 trillion in debt and nobody is saying buy physical gold? Yes clown world indeeed.

>>15226333
How do you manipulate down an asset for an extended period of time?

>>15226366
naked short selling. I think the actual ratio to contracts traded to actual gold and silver available for delivery is like 200 to 1. its insane.

I also think they are doing it to allow china to stack. Because china has been accumulating gold in record tonnage for a decade now. East has the gold.....west....jp morgan/govt has a lot of silver....

Let gold rise to 50k/ounce, given that silver gold ratio goes back to 16 to 1 and you have a clean reset.

>>15225930
digital fool's gold maybe

>>15226366
1- create paper derivatives based on real assets at 100x, 1000x, 10000x the quantity of real assets
2 - sell those paper assets for the same price as the actual assets
3 - ???
4 - clownworld

>>15225958
shut the fuck up rajesh go scam elsewhere

>>15226147
no that's a good idea

>>15225960
"BUY ROCKS, HAH, THAT'LL SHOW THE BOOMERS", he typed, on his phone or computer, reliant on a variety of precious metals... fucking retard

You guys need to realize gold and silver will be used to buy assets for like a penny on the dollar for what it cost you to buy that gold and silver in the fiat paradigm.

Many gold and silver bugs are idiots and they think its just supposed to maintain their wealth which is retarded. If you have 500k in retirement and you buy 500k of gold....you arent going to just maintain your wealth in a currnecy crisis, your relative wealth is going to explode. Think about it if you have 500k for retirement which isnt that much....and a currency collapse happens, and everyones savings is debased by 85%....and are all now pretty poor as fuck....it isnt like that 500k in silver is just going to let you go along living regular life as usual paying your 2k mortgage and with gas at 15$/gallon now and while everything is melting down and people can barely get food.

That is the time to be buying a fucking apartment complex for 200 ounces of silver free and clear and then you start getting paid in the new currency that the plebs have. Or you relocate and buy a farm or whatever.

>>15226380
not true and i can proof it

>>15226410
your phone is made of plastic and silicon too. better buy some plastic too moron

>>15226380
And don't forget to thank me later, sir

https://imgur.com/f7Xd4Dr

>>15226420
So the idiot boomers will have fucking generational wealth who bought like 500k worth of gold for retirement thinking it would be equal to 500k in todays dollars. So their idiocy wll end up benefftting them more than they even knew.

Which is why im saying you only really need 200 ounces of silver, maybe 10 ounces of gold and your fucking set.

Protecting 500k in todays dollars probably only needs 100 ounces of silver or couple ounces of gold.

>>15226390
How does this effect the price of the physical asset? If there was a difference in supply between paper and physical gold, I'd expect to see a difference in price between paper and physical gold.

>>15226431
That’s dumbest shit I’ve read

>>15226422
China doesn’t report their holdings and the US gold reserves haven’t been publicly audited since the end of Bretton-Woods.

>>15226422
This is bullshit. China accumulates in secret. One day china opens their vaults and they have 13,000 tons of gold and the world turns upside down.

United states does have that much, your fucking deluded.

Although maybe they do since they stole form other countries, libya....gonna get venezeulas gold. not returning germanys gold etc.

>>15226443
That would be logical but there’s a marked preference in financial circles for holding the paper version of pms because of their “convenience.” That’s what gets pushed predominantly to retail investors; gold and silver etfs for example. We live in a clownworld.

>>15226452
Why? See my post above. What the fuck would be the point of buying gold in the first place if you bought say 5k worth of gold and a currency reset happsn....and you then still have equal to th 5k in the new currency that you had when you bought the gold before the reset?

Thats the entire point of buying gold, to "make it" in a currency reset. After a reset a deflationary collapse will happen....so a median priced home right now thats like 170k will be 30k after the collapse. Now that ounce of gold is worth 30k/ounce and you can now buy a home with that 1 ounce of gold that cost you 1500 to get right now.

If you own 50 ounces of gold your relative wealth is going to go up exponentially, it isnt going to be you just living typical life like a boomer paying your mortgage and 15$/dollar gas while roving gangs become a thing.

>>15226443
Once the musical chairs and paper game stops the true physical price of gold will happen. The actual physical price of gold in relation to all the fiat in the world is not the real price of gold.

>>15226502
is not 1500$ i meant.

>>15226485
Some people have a preference for paper, some people have a preference for physical. Any physical gold being sold for too low should get sold out.

>>15226516
It isnt about preferences. When you go and buy gold you arent actually buying it. You are actually just shifting your wealth from worthless paper to a real store of value.

>>15226516
I own gold and my DCA level is probably around $1,200. I would be absolutely thrilled if gold went back down to 300$/ounce, and I want it to go that low. Because a gold price naturally going that low means that our govt isnt out of fucking control anymore, which is the main reason to buy gold in the first place.

AND....a gold price going back down to 300$/oz doesnt mean you lose either, in real terms you dont lose. Because a gold price going back down to 300$/oz means a Footlong subway sandwich will be 2$ like it was 25 years ago.

A good economy, on a gold standard, with no central bank means prices go down not up.

>>15226533
I've bought physical gold. If the price of gold was being kept artificially low there would be a shortage. Price fixing below the market price always results in shortages.

>>15226420
200oz of silver is not enough to make it. 1000oz is the minimum.

>>15226491
Ok my bad didn’t really the entire post and jump into conclusion. For some reason I read as property will rise during a currency crisis. I do agree now that read over and that exactly what I am planning to do when people are to afraid to spend.

>>15226563
totally false. Rememeber....like I said....an honest days wage for all of human history and even in much of the world today is equal to 1 piece of silver the size of a silver dime.

So 200 ounces of silver multipled by 14 silver dimes, since 14 silver dimes equas an ounce means that with 200 ounces of silver you will have the equivalent of 2,800 days wages....or close to 10 years worth of wagecucking historically.

Thats more than enough to make it. You buy an apartment complex and your set.

Also like I said silver has been so fucking manipulated that that 2,800 days wages will actually probably be more like 7,000 days wages historically because there are so many more billions of people on the planet and much less silver available now too.

Also...how many americans do you think own at least 20 ounces of silver? I'd bet its less than 1% easy. 200 ounces of silver? You are probably easily in the top 100,000 silver owners in the country. You own more with 200 than 99.9% of the population. You are far ahead of everyone else even with just 200 ounces.

>>15226422
There is no gold at fort Knox.

>>15226639
$3400 (100oz) to make it seems too good to be true. 99% of biz has more than that in utter shitcoins

>>15226639
How accurate is this pic?

>>15226675
no idea

>>15225747
>a very likely gold revaluation upwards of 50k/oz
lol

>>15226053
what the fuck are you talking about, mining stocks do even better then the physical metal in a hyperinflation BUT you should have both

>>15226639
you always come back to the apartment complex, but be warned that it's a gamble too to buy an apartment complex during a total meltdown and revoultionary times. If the wrong side wins (commies) your apartment complex gets collectivized and you get your personal public struggle session, then shot and thrown into a ditch.
It's better to consider leaving the country and somehow offshore and save your wealth (which is difficult with physical gold) and only come back when law and order and free ownership still exists

>>15226939
If hyperinflation hits what difference does it fucking make if you have silver stocks or amazon stocks? If you dont have the physical your gains in the silver stocks wont be realized because its in the market and when you cash out the paper is worthless doesnt matter if you made 500$ profit or 5 million dollar profit in silver stocks, you still wont be able to buy shit.

The reset will be instantaneous. One day you wake up and golds at 45k/ounce and silver is at $2,000/oz and you will be shit out of luck. Thats how currency resets work. If you dont own the physical when the shift happens you are fucked.

Now of course, you can have some mining stocks but you'll need to cash out some before hyperinflation and buy metal beforehand

>>15227035
Buy when blood is in the streets. Leaving the country for where? Some shitskin country where youll be even more fucked probably?

Fleeing the country isnt an option for most people. Where the hell you going to go? Better to stay and fight, then be a faggot pussy.

>>15227039
Fighting will be fun anyway. Its a happening. What you going to do? Move to fucking bangldesh and shitpost on biz in a land completely foreing to you and bitch and complain

>posting a title
>50k gold and not 50k bitcoin

nice try peter schiff
new fag detected

>>15227058
50k bitcoin is different than 50k gold.

Bitcoin going up means a speculative asset is increasing in demand.

Gold going up means the debasement of the dollar.

I dont want gold to go to 50k per ounce. Granted I will make it but the country will be fucked. Id basically be a slumlord.

I would love for gold to go back down to 250$/ounce like it was 20 years ago. That would mean the govt isnt out of fucking control anymore and has become fiscally responsible. ALSO a gold price at $250 means you dont lose in real terms anyway since a gold price at $250 means a footlong subway sandwich is 2$ like it was 20 years ago.

A gold price at $750 means your $1,800 rent is now 900$

>>15226043
“bitcoin doesn’t solve the worlds debt problem “

was it quantified or nah

>>15225747
gold and silver are both dollar denominated assets op what are you smoking?

>>15226147
it's easy do you want 100x gains compared to gold and silver or not?

>>15226173
>at least each thread shills a different coin
because none of them are worth a fuck

>>15227400
dumbass, they are denominated in ALL currencies

>>15227504
that's true alts are inherently worthless precious metals at least have industrial use which increases as price plummets. so the can never go to zero.

>>15227516
all currencies are backed by usd nigga also the biggest exchanges book gold and silver in usd. it's no different than any other asset. the only thing special about gold and silver is their shelf life.

>>15227530
>all currencies are backed by usd nigga
you best delete this post or they are all gonna laugh at you, nigger

>>15225760
its at all time high in other currencies, off over $400 usd from its highs

>>15227551
you will see in this next crisis cash will be king you all will be remembered as top buyers. only bitcoin will go up and up despite the deflationary market because it still has a lot to go and everybody with a brain knows this.

wallstreet knows bitcoin now as the asset with
>non-correlated asymmetric growth profile

OP is talking about a Jubilee.
I've hears suggestions of 80k/oz.
Hell, we've already seen mention of Jubilee. Did you see the Democrat debates? These guys literally speak about forgiving school loan debt...
Look, no matter how you cut this cake, we see inflation double next year, the same year BTC halves. If things are really going the way it all looks, hold both PMs and BTC once things really start to get crazy.

>>15225760
>The dollar vale of gold means nothing
true it's confusing because it almost makes it look like gold retains value or grows in value when it is clear as day it has been steadily losing purchasing power throughout history.

>>15227601
i agree except that the pm thing you will regret unless a global catastrophe renders the internet useless scattered mess bitcoin will vastly outperform metals.

>>15227598
will you put down the cough syrup you dumb fuck?
you dont even know the basic vocabulary. gtfo and sit in front of some cnbc, thats probably your speed

>>15227632
Some people understand digital workings better than others. Also, volumes of PM increases alongside the corporate draining is hilariously obvious. If you can't see this yourself, I don't know how to help you.

>>15227691
the biggest risk i see for bitcoin is china splitting off from the global internet because of some war tension or internal troubles. this could catastrophically deep reorg bitcoin or permanently split the chain. but hashpower is getting more distributed around the globe so eventually this won't be an issue.

>>15227774
blockstream just started to mine bitcoin big

>>15227632
You don't understand. Im not buying gold for a catastrophe mad max scenario. If you told me we'd have a mad max scenario for like a couple years....before normalcy returns...yeah Id still buy gold but I'm more buying gold for the reset which can be instant with normalcy remaining.

Its simple 8th grade division to fix the debt problem. Re-value gold to like 25k/oz....which purges all the debt from the system, and then the prices of everything from lambos to tampons are effectively gold prices from here on out.

What you people dont even understand is the primary function of money which is to MEASURE VALUE of goods exchanged for it. Money's main function is to measure value.

Fuck all if you think Bitcoin will measure value. Gold has measured value for millennia hence why its been money for milennia and is still money today and measuring value pretty much perfectly despite the fact that govts have de-monetized it.

>>15227774
You faggots still think gold and bitcoin are somehow competing. They aren't. Its like comparing Link to bitcoin.

I would be more confident buying gold long term if it was somehow a unique substance to planet earth. Unfortunately we will be mining it from asteroids in 15-20 years and when we do it's fucked. It will continue to perform while currencies are being devalued but you're going to have to take profit before the paradigm shift. Only bitcoin will win in the end

what all you fucking monkeys don't understand is that a debt jubilee would need a world collaborative effort - not going to fucking happen.

Gold will hit 5-10k USD/Oz as a consequence of QE4 (coming Q1 2020 no doubt) and a flight of capital to hard assets from fiat and speculative stocks. This might take 1-2 years.

There won't be a collapse as in 2008 because all governments are happy to utterly destroy their currencies for the sake of paper profits going up and to maintain an illusion of a stable economy. This is going to be a slow collapse and it'll play into the hands of the gold/bitcoin holders.

Accumulate gold and bitcoin. Then just fucking wait.

>>15228593
this is not 15-20 years away dickhead, more like 50. It's still worth hedging this economic collapse in gold before diversifying again.

But I agree, bitcoin is a better bet.

>>15227774
game theory dickhead. If bitcoin forks due to a deep regorg from China, that version of bitcoin will immediately devalue and the original chain will continue, albeit with short-term reduced hashing power. Remember both miners and full nodes would have to come to consensus on a deep reorg which they'd never do against financial incentives.

>>15228840
Again....you people dont even think. How fucking difficult is this?

GOLD IS SAVINGS AND REAL MONEY

BITCOIN IS A SPECULATIVE ASSET WHICH HAS THE POTENTIAL TO BE A CURRENCY

and currency is different than money. Gold is both money and currency, but obviously we arent going back to exchanging gold for shit, but it is more importantly money. Bitcoin never will be money, but a currency yes possible.

Bitcoin isnt a better bet than gold and gold is not a better bet than bitcoin because their use cases and reasons for buying them are completely different.

>>15228840
To ass to my above comment. When I buy bitcoin and also buy gold im buying each for completely different reasons.

Bitcoin i buy to beat inflation in the event the dollar still stays around for a long time and im buying gold because the dollar has a high risk of crapping out.

If you have 50k to your name and someone gives you inside info that hyperinflation will hit next week, and you can put that entire 50k into bitcoin or gold....you'd obviously put that 50k into gold unless you are black and stupid.

>>15228593
> thinks bitcoin won't be replaced by something better by 2035 but thinks we will be mining asteroids

>>15228840
20 years ago we were barely using the internet. Now everyone has an ultra thin supercomputer in their pocket. We don't need 50 years to come up with the tech

>>15225760
What's your alternative? Should we value gold in gold or should we value gold in bread loafs?

>>15228906
I'm not buying bsv fuck off street shitter

>>15226366
They have infinite money and gold...

>>15228850
>If bitcoin forks due to a deep regorg from China, that version of bitcoin will immediately devalue and the original chain will continue
except there will be a great disagreement about which one is the "original chain" no miner would want to give up his mined coins in a reorg so possible they willingly or unwillingly (just technical reasons) ignore the blocks of the other fork. shit would be bad until and if it resolves finally. i know i wouldn't be transacting if china falls off the internet.

>>15226427
You revitalized my feeling of helplessness for humanity with this post.

yeah keep buying bling bling because traditions are the law. kill yourself you retard nigger

>>15228916
You need to understand what the primary function of money is....the primary function of money is to MEASURE VALUE of goods exchanged for it. Money is a BAROMETER to measure value.

100 years ago a good weekly salary was 20$....and 20$ also equaled 1 oz of gold.

So if you worked for a week 100 years ago and got paid that 20$ and held that 20$ in your pocket for 100 years until today, and then spent that 20$ today you can barely buy a cheeseburger, fries and a beer at a pub with that 20$ you earned 100 years ago which was a goood weekly salary back when you earned it.

Had you kept that 20$ weekly salary in a gold ounce which was 20$ and held that gold ounce in your pocket until today then you could take that gold ounce to a coin shop and you would get $1,400 for it which is still a good weekly salary.

So clearly gold measured value pretty much perfectly over that 100 year time frame. Whereas the 20$ was a horribly when it comes to measuring value over the 100 year time period, since it was a good weekly salary when you earned it but now can barely buy you lunch at a bar today.

>>15228534
>Re-value gold to like 25k/oz....which purges all the debt from the system
not gonna happen first of all no economist today sees debt as a problem.

>>15228999
>.the primary function of money is to MEASURE VALUE
no the primary function is to be a unit of account and a medium of exchange and to be that it needs to have other properties.
>>15228999
had you put that $100 in the stock market you could buy 100 ounces of gold today.

>>15229005
And none of these jew keynesian economists saw the 2008 collapse coming either. Economists dont know shit. They were all wrong. An economist is the most worthless fucking job holder in the world...they are similiar to historians who just fucking tell you a story of what already happened.

You need an economist to tell you the world has a debt problem??? Moreoever you agree with these economists that there isnt a debt problem Are you fucking retarded?

>>15226140
Where did you get that graph from? Do you have more?

>>15229021
What the fuck does the stock market have to do with gold?

Stocks are investments, gold is savings. Your talking about to different fucking things retard.

What if someoine earning money today wants to just save their money instead of throwing it into the kike rigged stock market?

The fucking point is...a good weekly salary equaled an ounce of gold 100 years ago, and today that gold ounce is still a good weekly salary, had you kept that 20$ good weekly salary in the 20$ bill you lost basically all your purcahsing power. The stock market has fuck all to do with someone wanting to save what they have earned and not gamble in the stock market, you can lose in stocks too dumbass.

And if everyoine is making money in the market then its just inflation making it go up.

You think the stock market is going up the last 10 years because of a good economy? Its going up because weve had fucking interest rates criminally suppressed at near 0% for almost a decade. Why the fuck you think the economy is on the brink of collapse?

>>15228999
I think you're getting a little confused.
bitcoin is a evolution of the properties of gold.

There are three broad things every widely used money has;

Store of value
Means of Exchange
Unit of account.

Gold did all of these to the best of it's ability, but the biggest issue was/is
1- validating gold as real (expensive assays, forged in the past frequently),
2- it's easily confiscatable (see Bretton woods etc)
3- its hard to divide to low values as it requires measuring it in dust/micrograms (hence the previous use of silver as a money for lower value goods)
4-difficulty to transport.

Why did gold become a money? It's high stock to flow ratio and lack of decay - it's hard to increase supply in response to demand, and it doesn't oxidise easily/can be stored with relative ease without it losing its appearance or properties.

Bitcoin solves all of the above issues. It's at the very early stage of adoption - speculation to become a store of value, but this is coming. One day, it may become a true money by becoming a means of exchange and potentially a unit of account, but that's far away.

The store of value market is roughly 90 trillion if you just look at land/real estate and gold used for that purpose alone. Gold is 8 trillion alone. If it matches gold, BTC will be valued at 350k/coin. If it captures the wider market, we're talking millions per coin.

>>15229044
agree, read antifragile and black swan by Nassim Taleb. tl:dr economists are retards.

>>15226318
>>15226292
But you don't take into account how technology raises productiveness. An American sitting in an office will do sales between companies worth huge sums of money, which then will translate into work people in storage, transportation, logistics, service, etc. can do for those exchanges, all using technology such as cars, computers, instant communication etc. Meanwhile that rice farmer toils away and his years work can be cancelled with one bad month of weather or some plant disease. And since all his time, energy and means go into toiling for that rice, he will have no safety and no guarantee of payoff.

>>15226043
Look at all that Reddit tier text. Have sex, retarded

>>15225747
You hedging on any inverse etf or just pure gold?

>>15225747
Investing in gold may be pretty good with low risk factors, but investing in Cryptocurrencies that are worthy like Telecoin is pretty smart with no risk as they has a great product with good team which would lead to huge returns.

>>15229089
Gold going up in price has to do with the dollar de-valuing. That is not why bitcoin is going up in price.

Money's primary function ill say it again is to measure value. Bitcoin can't measure shit. its 3k 1 week and 10k the next.

WIth the dollar continuing to shit the bed, I'm not thinking to myself shit im glad i got my bitcorns, im thinking to myself thank god i have gold.

If the dollar lasts another 50 years with it continuing to decline then yes, Id rather have bitcoin than gold, but if the dollar craps out next week youd sure as fuck rather have gold.

>>15229139
Nah just gold. Of course gold and silver stocks arent bad to hold, just make sure you take the gains and buy gold and silver physical with them.

Silver physical is a better play. I'd go 70/30 silver to gold.

>>15229150
This is the fucking type of pajeet that every hate.

>>15229123
I didnt say sales i said insurance salesmen which produce zero value.

>>15229156
80/20 for me

>>15229152
yes, you're right, because bitcoin is still speculative, because it's new. It will, assuming it pans out, have the same properties as gold, but better.

Gold going up in price is two fold - one inflationary pressure on fiat currencies, but direct demand to hedge against risky assets and speculation.

As I mentioned in an earlier post, the USD won't suffer sudden hyperinflation, it'll be a slow decline.

Bitcoin is also being using as gold is in countries with capital controls. Look at China - it devalued the yuan last week, and within half an hour bitcoin price jumped.

>>15229191

>
yes, you're right, because bitcoin is still speculative, because it's new. It will, assuming it pans out, have the same properties as gold, but better.

Except for the fact that it isnt a real tangible asset, you can't get by that. China, India, and Russia, havent been accumulating gold in record tonnage for over a decade now for no reason.

You still need something fucking backing the currency. Bitcoin is NOT money nor will it ever be money. It can be a currency, but definitely not money.

>>15225747
you can't do digital business with gold. giga retard. get fucking crypto like everyone under 40.

>>15229234
'need something backing the currency'
Are you trying to suggest a gold standard? something doesn't need to be physical and tangible to be considered a money.

Perhaps read up origins of money by Menger https://mises.org/library/origin-money-and-its-value

https://nakamotoinstitute.org/shelling-out/ shelling out by Nick Szabo is also useful

https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1 boyapati also nicely summarises how bitcoin can achieve this.

I bought one ounce back in May at $1709 CAD spot, total $1851. I had the chance to buy around $1800 including premium. FUCK FUCK FUCK FUCK GOLD IS TOO EXPENSIVE NOW. PLEASE DIP SO I CAN GO ALL IN!!!!!!

>>15229163
Oh I thought you meant a jab towards any general modern office job.

But how is a safety net not producing value? Shared risk allows for bold entrepreneurship which would otherwise be heavily punished by the costs. And I'm not talking of some scam entrepreneurship like the 2000s dotcom bubble. More like buying a ship and transporting your shit without fear that one accident will end your financial life.

>>15226147
If you're a poorfag you don't have the luxury for the safety that is gold. Diversification is for the rich.

>>15229079
>Stocks are investments, gold is savings.
no stocks are savings gold is throwing money out the window long term. think of gold as insurance! it costs you money. it's definitely not savings.

>>15229234
>Bitcoin is NOT money nor will it ever be money. It can be a currency, but definitely not money.
the difference between money and currency is money is legal tender. both are units of account and mediums of exchange.

>>15229079
>a good weekly salary equaled an ounce of gold 100 years ago, and today that gold ounce is still a good weekly salary
that's wrong tho, gold is not nearly worth what it was a 100 years ago. and your "good" salary is also shit compared to the one a 100 years ago.

>>15226410
>YOU OWN STUFF THERFORE WRONG

>>15226292
>Gold is undervalued but silver is the most undervaled
Gold is overvalued af, and the only PM that is perversely undervalued is Rhodium

>>15229646
Imagine for a second being this much of a brain dead retard..... Nope can't do it, my imagination has limits

>>15229591
A gold ounce 900 years ago is still that same ounc of gold today. A good weekly salary was 20$ 100 years ago....and 20$ equaled 1 oz of gold. So a good salary equaled 1 oz of gold 100 years ago. Today if you sell that ounce of gold you get $1,400...and $1,400 is a good weekly salary. Not sure wtf are you arent comprehending.

>>15229580
Money is not legal tender. Money isnt what some faggots govts say it is. Govts de-monetized gold yet it costs $1,400 per ounce. So what the fuck are you even saying?

>>15229565
Gold is a real asset and real savings shitbag.

If stocks are savings then how come my friends dad blew his head off with a sawed off shotgun when the stock market imploded in 2008?

>>15229646
Rhodium is $3k USD an ounce. It’s at the top atm. Ruthenium and Rhenium and maybe osmium are the pms undervalued right now.

>>15229703
Basel 3 made gold money again. It's a tier 1 asset and quite literally money after being 50% money for a few decades.

>>15229678
Silver is correctly priced and gold is overvalued because silly boomers use it as a safe haven. There is nothing justifying gold being more expensive than platinum, it's a bubble.

>>15229152
Gold is at all time highs in other currencies, and still has room in usd. The dollar is only strong because the others are so weak.
>>15229791
Platinum is not money and has not historically been used as a store of wealth. How can you be so wrong.

>>15228534
So did horses.

>>15229703
>Money is not legal tender.
it is the requirement for money. fore example in my country usd is currency but not money in the us it is money.

>>15228874
Its anti inflationary you meme. 21 Mil of them to be made.

Silver is going to $200+ within a couple years.

how do i buy gold anonymously?

>>15229839
Platinum was historically more expensive than gold, Rhodium was 10x the price of gold. Look how the ratios are now. All this gold price surge came from the excessive shilling in conservative media romanticizing the historical value (which is a meme).

>>15229938
Platinum is pretty useless aside from being a great catalyst. It doesn't matter if you agree with gold being a historical wealth preservation tool, it had been, and still is. It's hard to understand why shill a losing asset. Even if you hate gold, you're leaving money on the table atm because of your bias.

>>15229791
In Veneizuela 1 ounce of silver buys you 3-4 months of food on the black market. The dollar value of one ounce of silver is 16$.......16$ barely buys you lunch for 1 at jimmy johns, yet when the currency fails like in venezuela that silver ounce worth 16 USD buys you 3-4 months worth of food.

There is no asset that is more undervalued on planet earth than silver is.

Remember...a silver piece the size of a silver dime used to be a days wage for most of human history and still is in much of the world. 1 oz of silver equals 14 silver dimes. 1 ounce of silver costs 16$. So for 16% you can buy 1 ounce of silver and lock up 2 weeks worth of days wages historically before this house of cards comes crashing down.

The fact that 1 ounce of silver buys your 3-4 months of food in venezeula yet 16$ barely buys you lunch at a fast food place is all the proof you need to show how badly we are being fucked through inflation by the jew central banks.

>>15229720
just don't cry now
>If stocks are savings then how come my friends dad blew his head off with a sawed off shotgun when the stock market imploded in 2008?
no idea what he did or did not do but a good index will outperform gold long term in total returns vastly.

Is extracting gold from circuit boards worth the effort?

>>15228442
And you think this is a good thing?
Who owns Blockstream?

What's the best place to buy precious metals without getting Jewed on price or scammed with fake gold?

>>15225760
Yeah I kinda agree

Especially if we're talking hyperinflation, what good would $50k be?

>>15230071
The short answer is no, not in a safe manner. That's why we export our electronic waste to third world shitholes

>>15230026
16 usd in venezuela would buy you 16 thousand gallons of fuel. that's roughly the equivalent of 32k usd in the us which would buy you about 2 years worth of food.

>>15230024
I work with precious metals and platinum is by the far our highest volume metal. It has a shitload of industrial uses

Too much doom and gloom here, nothing will fucking happen people are sheep and zombies they have been using paper money so long they can't shake it off mentally that its worth nothing, especially the major currency like usd, eur, jpy, chf and gbp

Relax you fucking schizoid spazzes

>>15230132
>yes goyim everything is fine just keep feeding the ponzi

>>15230024
I'm just trying to understand why it's not a classical bubble, all I see is complacency that gold is the shit and will rise for no other reason because it "be like that" and "it rising", while beating every other PM in existence for no other reason than being the shit.

>>15230120
But not enough to prop the market up.
>>15230173
It's been fucked with by the government. Does that not occur to you, and true price discovery is an illusion currently? What you are looking at is when they lose control over it.

>>15228911
>miniaturization of semiconductors has exactly the same sort of development curve as heavy lift rockets
How long have we been shooting shit into space?

>>15230132
The world is full of doom and gloom and when all is gloomy silver and gold shine brighter than ever.

>>15230054
Gold doesnt outperform or underperform. it is simply savings. Gold going up and down just means the currencies are gaining or losing value. Gold just sits there dummy.

Gold going up in dollar value is not the same thing as Amazon going up in dollar value. You get that, right?

Just bought my first 10 oz of silver. Am I gonna make it, bros?

>>15230173
Gold isnt rising brainlet. Its the dollar thats being devalued.

Gold is just savings and it just sits there. See my post above.

how much silver to make it in next recession

>>15230328
That’s not true gold has just gained value in terms of purchasing power. As different countries go through these times of economic uncertainty people rush to buy safe havens. It only makes sense that they will become more valuable as more people enter the market.

>>15230214
I don't see it as true price discovery, nobody uses it as money and no currency will be ever backed by gold because of its security risks. It has limited industrials use and the high price is explained because retailers started to hoard it after 9/11 and through doomsday merchants selling fairy tales.
>>15230328
It rises because of increased demand and hype, maybe the price floor is higher through dollar inflation but it's not justifying the comparative overvaluation to other PMs.

>>15230328
>Gold doesn't rise or fall depending on demand and availability

Imagine being this stupid

>>15230390
200 ounces or so will be more than enough.

Silver piece the size of a silver dime was a days wafe throughout history and even is today in underdeveloped nations. A rice paddy farmer making 2$ a day is right in line with economic historical reality...since that 2$ brought to a coin shop will buy you a silver dime.

14 silver dimes equals 1 ounce of silver. So for every ounce of silver you purchase you are locking up 2 weeks worth of wagecucking historically. But like I said before it will probably be 2-5x as much at that because there are billions more people on the planet and much less silver available.

>>15230404
Go look up Basel 3, it is money. That's why there's a run on it by Central banks currently. Ever heard of the London fix? It also doesn't cost anything for jp Morgan to short the market.

How much do you think an oz of gold in usd should be?

>>15230400
Yes it gains and falls in relation to other currencies, but gold is always the same.

>>15230404
This is all bullshit. FIrst off....people use currency not money. The dollar is a currency that used to be backed by gold which is money. The reason you are investing in shitcoins is because you cant "make it" anymor because inflation is destroying the dollar BECAUSE gold doesnt back the currency anymore. There is a difference between currency and money. We just say money but thats not what the dollar really is.

Demand? So you are telling me that gold is 70 times more in demand today than 100 years ago when gold was 20$oz?

>>15230514
He meant the short term man come on.

>>15230424
he is right see my post above.

why the fuck are you metals guys shilling so goddamn hard? this seems bearish as fuck desu

>>15230474
This, join the ride in the biggest wealth transfer in history or sit on the sidelines and watch.

>>15230542
Gold is a real asset dipshit. Most of the country thinks gold is useless yet there it is sitting at 1,400$/oz

>>15230542
We never shilled as much as you Ponzi scheme crypto fags

>>15230572
Funny how these idiots are on biz and the entire point of this board is to buy undervalued assets and sell overvalued assets, and they can figure out that gold and esepcially silver are so fucking undervalued compared to other real assets.

You fucking idiots are valuing gold and silver in terms of dollars. THE CORRECT WAY to value gold and silver is in relation to other real assets.

>>15230577
It’s at about 1,500/onow

>>15226639
I have 40oz what could i buy? House maybe?

>>15226153
We have almost no industry in America. Also more than half of the population is on welfare. This is the collapse of the entire 100 year long ponzi scheme.

>>15230610
Possibly....median priced home drops to 20k. silver at 500$ But i would shoot for at east 150 ounces.

150 ounces is more than 99.9% of the population owns.

>>15230610
I'm not all in on the doomsday scene. I'd be happy to double my money if it goes back to 30+ where it was for like 3ish years

>>15230672
Might be smart for you to save a little just in case.

>>15230743
I think that ratio expanded to be more like 7/1.

>>15230514
Literally everything is superior to Fiat, even rice as commodity. My argument is that it's a highly overrated safe haven backed up by memes and gold fetishizers. I see it as what it is, a rock with limited industrial use that is higher valued than rarer and more utilized assets. I don't care what it was historically, just how I don't care about horses that were essential for transport for thousands of years.

>>15230903
The market doesn't care about your feelings, do you see that clearly?

>>15230964
Yeah, and past performance is not an indicator of future performance, so maybe be surprised when gold is not where it's supposed to be in the future.

>>15230903
>it’s a highly overrated safe haven

>>15230903
You are part of the dumbest generation in human history. Litrally nobody going back hundreds/thousands of years has ever been anti-gold. If people living 500 years ago came back from the dead and read this thread theyd think you are all fucking aliens from anothe planet.

>>15231046
Every boomer argument is intrinsically worthless. And what do you even know about what people would say 500 years ago, you can't even see what's in front of you.

>>15229565

Holy shit this NPC Tier bait

>>15230313
>it is simply savings
it's not savings if you lose money ie purchasing power on it it's full retard

>>15231101
gold has been money and savings for millennia. And still is today despite govts de-monetizing it

>>15231203
If gold is not savings then what is savings?

>>15231206
it's no more savings than rice you your pantry.

>>15226140
>gold -0.1 correlation with bitcoin
Wouldn't this suggest they are hardly correlated? As opposed to everything else on the chart which has heavier correlations, whether positive or negative.
Very neat chart though. Seconding this >>15229077

>>15231219
anything that keeps up with inflation preferably has compounding returns way over official inflation.

>>15231222
food isnt savings you dumbass

>>15226140
>correlating the exponential curve of BTC with anything

No shit the growth BTC has had will have fucking little association with anything. Seriously, at least take the log(BTC)~log(...) if you try to do shit like that, or look at sign associations or something.

>>15231258
Youll find people on this board have a hard time understanding the concept of a store of value. They are all about "guns and bullets and food!!!" as if those are places where you can actually store a significant amount of your net worth. I'm guessing its losers with 4 figure net worths posting incessantly.

>>15225747
>gold Will be worth 50k
>The dollar value of gold means nothing
????

>>15231258
it's better savings than gold.
especially if shit hits the fan to any degree.

>>15231336
i'm storing 10% or my net worth in my brain (but it also has backups in case i get brain damage lol) now that's savings.

>>15225960
>BUY DIGITS
Says the crypto C U C K
How much have you profited from hot initial investment in C U C K coin? Have you made it yet?

>>15231336
Value is subjective, how fucking robotic is your mind if you think you can store a constant in a physical object. People who argument with bullets and food know that in SHTF scenarios you will pay gold coins for a can of heinz beans.

>>15231336
No...even boomers say shit like "I'd rather have guns and food then gold!"

These people are so stupid....as if there is some law stating that if you buy food storage that you cant also buy gold as well.

>>15228593
>thinks we actually have the technology is mine asteroids
Operating costs will exceed the value mined
Do you know much it costs to send one pound to fucking space? It’s a money pit

>>15228982
>not buying gold eagles
This is what happens when you cheap out. This goes for anything.

>>15230474
I'm poor as shit, give me the minimum amount of silver to get through

>>15225747
>dollar denominated assets (stocks, bonds, real estate,and even crypto sorta)
Bonds that pay out in dollars is the only "dollar denominated" asset on that list that's necessarily dragged down along with the dollar.

>>15231961
The best method is slow accumulation. Try making a habit out of picking up an ounce or two a week.

>>15231526
>Value is subjective
Yes, hence this entire thread. We're here to discuss where best to keep it (gold, BTC, cash, stocks etc.). Do you really plan on storing 6 or 7 figure net worth in utilitarian objects like food, guns, or offroad vehicles? There needs to be a medium that can effectively hold value.

>>15232024
Agree, in the end it's all about spending fiat as quick as possible for things that appreciate or at least don't depreciate in value.

>>15232017
Best source to do this? If I buy an oz a week of silver aren't I paying much more for mark up and shipping?

>>15231544
>These people are so stupid....
or they lived through tough times. around here people still remember what it was like in the war. many people buried their treasures they still find some when they build new houses. the reason why nobody digged them up is there were no survivors among those that buried them.

ironically the germans then the russians took every food and if you had a gun you got shot faster that save you from starving alright. all the women got raped under 50 also.

>>15229720

>>15232309
Or a real asset. Gold.

>>15233437
My man still shitposting in the same thread for 14 hours.

>>15232829
I do minimum 10 oz purchases, or really as much as I have to spend. Whatever is closest to spot, doesn't matter.

>>15225914
Silver always out performs gold

Thinks deflation is a possibility... Zero and negative interest rates around the corner. Not going to happen.

>>15234679
Deflation follows the currency implosion

>>15234679
"If the American people ever allow private banks to control the issue of their currency, first by INFLATION, then by DEFLATION, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson

>>15227039
What the fuck are you talking about you retard!!!!

Once you have a reset you can sell your shares of the gold mine in the new currency!!!!!

fuck you are stupid

>>15225914
>imagine not being a Silverchad
Bought 200oz last september for $14 a pop, AMA

>>15235234
based jefferson i think he shot a banker or two in his time.

>>15226173
>39 Link threads filtered.

>>15235301
Once the revaluation happens nobody will be selling fuckhead. Imagine you own a coin shop and gold is revalues at 50k and silver is at 1k. You going to sit there like a sitting duck waiting for some nigger to rob you? No your gonna pack it in.

I must be retarded. Looked into buying american eagles today since I am fucking sure negative interest rates are coming. Eurofag btw.

Price €19.95 per 1 Oz coin.
1 Oz silver price €14.25

So I immediatly lose more than 25% of my money by investing in silver? Where the fuck do you buy silver for the actual silver price?

>>15235373
Unless you own a silver or gold mine (like Soros), you can never buy metals at their actual price, dealers will always take cuts. They will also take another huge chunk when you try to sell it too, so plan accordingly and buy low.

>>15235373
>So I immediatly lose more than 25%
it was closer to 35% when i bought it. silver is retarded.

>>15235373
Why are you buying Eagles in EU?
Get philharmonics, Britannias, Maples, or Kangaroos whichever is cheapest.
Do you have to pay VAT on silver in your particular socialist paradise?

>>15235373
Buy Austrian philharmonics. ASEs are imported

>>15235512
Its all the same fucking price give or take a fe cents. Yes I have to pay VAT on this shit as well. So far its not looking like a great investment.

>>15235538
If you have to pay tax on it, its going to be shit as an investment.
Is gold VAT free?
Can you hold silver/gold in an offshore vault VAT free?

>>15225747
>buy gold
>coming deflationary collapse

>>15235864
>not keeping a large cash position for future opportunities

>>15236055
a deflationary collapse means everything collapses relative to the dollar.
This happened in 2008

>>15229234
The fact that gold is made of many atoms instead of a very specific configuration of information is meaningless. Most of gold's vaue is actually fiat based. People think it's valuable because people think it's valuable. If there are no other humans around, what is the value of 1,000kg of gold? It's basically just metal if nobody else is around. Compare that to food, ammo, fuel, and machinery, which has intrinsic and immediate personal value. Those all depreciate physically though, while gold basically doesn't. Bitcoin is the same way. It's worthless if there's nowhere to spend it, just like gold (although gold is useful as a material, it's almost always orders of magnitude more expensive than is justifiable for any given use, therefore most of the value is imaginary). Bitcoin is easier to move and verify, and also it is essentially impossible for it to physically depreciate. It has a similar value as gold, but it's not relied upon by global markets yet, so the value fluctuates quite a lot. Gold is stable because its in the best interest of many wealthy nations that it be stable. Bitcoin will definitely replace most of the role gold now occupies, and the metal will devalue substantially when this happens.

>>15236315
You are scientifically illiterate and rambling

>>15236580
I am literally an engineer who mainly works in finance. If you can't see the truth after reading my post, then there is little hope.

>>15235373
The coins themselves have their own value

>>15237520
>Brainlet

Based goldbullposter has returned to grace us with big tiddy milfy harems

Educate these plebeians on our future slumlord lives

>>15225760
gold was nice when the world wasn't digital

>>15236315
If there are no other humans around, what is the value of 1000 rounds of ammunition?

>>15238771
Hunting, defense from wild animals, an effective way to put down livestock quickly, pleasure, the ability to break it down into lead, brass, smokeless powder and primers, or a last resort. There are many uses for ammunition. Raw gold has shockingly few practical uses. It's heavy and resists corrosion. You could make bullets out of it, but the melting point is a whopping 1,947F where lead is a far easier to reach 621F.

Gold and ALGO is all a pajeet needs

>>15231258
I mean, it takes up more space per dollar than gold does, but if you happen to own a farm and fill a barn or whatever with non-perishable food it is objectively savings.

>>15235319
What is your preferred silver bullion product?

>>15237520
That dont mean ya aint a dumbass

>>15225891
No

>>15225747
5-10% is actually reasonable. Same with 5-10% in crypto. These all-in crypto faggots are too young to understand the benifits of diversification. You're all right OP.

>>15236315
No one thinks gold/silver is useful for total societal collapse, what is the point of your post
>Um, why are you eating and exercising? Sure you'll avoid diabetes, but a car accident could still happen!
Prepare for different things in different ways

>>15236315
There weren't nations 3,000 years ago fuckhead. You are one of those types who is smart in one specific thing but are a retard when it comes to most other shit.

Hey look at me I'm an engineer! As if that gives you some sort of superiority.

Your like people who say I'm educated! Or trump supporters aren't educated. Well educated in what? You can be a brain surgeon but not understand the real education which is our constitution and freedom and liberty.

>>15236315
If gold is valuable because people think it's valuable then why don't we all go live on a beach and deem sand valuable and deem sand money. Won't work to sell now right? It's almost as if gold is valuable and has been money for millennia for a reason

>>15239082
Freshest pasta

>>15225760
it matters because it denominates the labor hours required for an ounce of gold

>>15239099
Rarity is part of it. Gold is just rare enough, but not too rare, that it can be easily used something desirable.

Nobody needs sand, but it can be argued nobody intrinsically *needs* gold for its own properties. Even though sand is used for things (glass) there's so much sand that anyone can just grab a handful, so there's so much of it that even dumptrucks of the stuff aren't worth anything in that scenario.

Gold is just rare enough, and just portable enough, to represent *something* in a way nothing else has ever really been able to mimic accurately. That's why other precious metals have a similar yet not as historical or practical value, ergo why they are called "precious" metals.

TLDR: It's not the same as just saying sand has value and you fuckin' know it.

I love the "gold has no value" meme.
It is most malleable and ductile metal in the world, one of the densest, does not corrode, one of the best conductors known to man, non- toxic to humans, bonds easily, can be made into dozens of alloys. Xrays will not penetrate, can be used in dentisty due to low toxicity.
Just because it's value makes it less cost effective in production does not make it less valuable. Gold is valuable because gold is valuable. People have always known this.

>>15239590
Why make arguments against gold? What is the point. Its worked perfectly as money for thousands of years, so why would one be against it?

You are part of the first generation in human history basically who has ever made arguments against gold and not wanting it. That fact alone proves youve been indoctrinated to be against it for a reason.

I mean there are people here who are anti-gold like others are pro-abortion. Its actually a sickness and a mental illness. How can you be anti-gold? It makes zero sense.

>>15239799
>66 posts by this ID
give it a rest schizo. nobody cares about your useless rocks

I want to agree with what you're saying but we live in a new age now with the internet, cell phones, shared information.

If a collapse so severe happens that the US dollar loses significant value, then there will be blood in the streets type civil unrest. And if that happens having some gold at home ain't gonna help shit.

>>15235335
DUDE ITS OWNERSHIP OF LAND THAT PRODUCES GOLD!!!!!!!!

ITS LEVERAGE TO THE GOLD PRICE YOU RETARRRRRRDDDDDDDD

>>15239799
are erc20's that are redeemable for gold OK in your opinion?

>>15238975
You have finite resources. Putting more than 5% of your wealth in metals is retarded.

>>15239082
I only said I was an engineer because I was called illiterate. I guess I didn't have to, because an ad hominem like that is pretty fucking low tier, but pride got the better of me.
I'm definitely not smart in one particular thing only. My profession requires having a very broad understanding of shitloads of topics, and a very narrow but deep understanding of my specific field.
The topic was gold and intrinsic worth. I'd argue that gold has little intrinsic worth. 3,000 years ago, you'd have better luck hoarding salt and saffron than gold, because people can use salt and saffron. People can understand the value of it with little explanation. 3k years ago, only a small percentage of humans even knew what gold was. The value of it isn't immutable. It's a fiat currency, like all others. There is nothing special about it other than it fit the bill for a good store of value for a reasonably long time.

>>15239700
There are other metals with all those traits, although not all at the same time. But those other metals have their own unique sets of traits which gold doesn't have. Also gold is a really shit conductor of both heat and electricity compared to copper and aluminum. Amalgam fillings are superior to gold because it matches the thermal expansion properties of a tooth, it alloys rather poorly compared to most other metals and x-rays don't penetrate any metal well. All it really has is heavy+won't corrode. Its expense due to fiat valuation pushes if out of almost every available commercial use except extremely thin platings.
If it was as common as copper, it would have less commercial value! True facts.

>>15239786
I don't think anyone is against gold here. Just saying, it's fiat too. That's all.

>>15231353
pic is weirdly hot

>>15240312
>I'm definitely not smart in one particular thing only
>It's a fiat currency, like all others
go back to school and learn the definitions of the words you use dumbass

>>15239786
Wrong guy, I was expressing the same thing as you to the guy saying it's make believe.

>>15240381
Look, i'm sure if you're an actual engineer you have some chops ok, but here you sound like an idiot, and it's only because you don't know what you're talking about (that's ok, you can learn)

Fiat is not finite. Gold is finite.

Don't give me that asteroid mining bullshit, gold is finite.

It doesn't derive value from how hard you have to work to get at it, or smelt it, or it's properties.

It is easily recognizable, and it is finite, while also being found in reasonable quantities across the globe. Yes some places have more than others, but this only helped established its value across civilizations.

We can't print gold

>>15240312
I don't think you've ever seen inside a history book

>>15240679
47 years running this fucking experiment and people are clueless...
You know poor people bitch and complain about fairness, yet they also do nothing to educate themselves on being useful society, and instead choose to do EXACTLY WHAT FUCKING EVERYONE ELSE DOES, and then they complain about the poverty 'cycle'.
We give them a contrarian route to think about the global economy in the 20th/21st century and they literally choose poverty.

>>15240312
>I don't think anyone is against gold here. Just saying, it's fiat too. That's all.

If gold is fiat then why did we go off a gold standard?

>>15240017
Yes, that is more than fine. Again gold has to back the currency. Im not advocating going back to paying for shit in silver or gold coins.

>>15240312
>Amalgam fillings are superior to gold because it matches the thermal expansion properties of a tooth, it alloys rather poorly compared to most other metals and x-rays don't penetrate any metal well. All it really has is heavy+won't corrode. Its expense due to fiat valuation pushes if out of almost every available commercial use except extremely thin platings.

I would take my chances fucking an HIV infected hooker rawdog than ever put amalgram fillings on my teeth.

>>15240666
>Gold is finite
prove it
you can't, it's a belief, like grey aliens

>>15225747
pushing gold or silver is synonymous with genocide whites. the phrase its never been a better time to invest in (gold / silver) means kill whitey and is a jew operation to clear out space for brown guys in the middle east to move in to so that they can make the greater israel which despite john stewarts best attempts is publicly accessible and a known quantity that israel itself put forward

>>15241030
t. Glownigger

>>15241003
The absolute state of thin air vaporware pixel bagholders

>>15240666
>Gold is finite.
Holy fuck imagine believing this. The disinfo of Satan confirmed.
You can't "just" print BTC either, but you can "make" both, and the value of both is mostly "made up". And at least we actually know how much BTC there is. We've got no fucking idea how much gold there is already in bar form sitting in secret vaults for special occasions. Dumping secret gold isn't all you can do to fuck with the market, either. Imagine the US gov got together with the EU and said "we're no longer accepting gold for the payment of any debt". The price would fucking die. Fiat currency valuations are based on the whims of others. The only things with "intrinsic" value are those things you can directly consume to meet a necessary goal. Food and fuel have intrinsic values. They both happen to be abysmal stores of wealth because they depreciate, so we use gold (sometimes) even though its value is imaginary. This whole fucking argument is that gold is fiat, but that doesn't mean it's not worth what it's worth. Same goes for BTC.

>>15240887
It's easier to manipulate currencies when you're the only one in charge of it. Currency manipulation can be a valuable tool for a nation's economic security if leveraged correctly, so it was worth breaking away.

>>15240918
Sorry, I was smoking crack when I typed that bit. I meant to say composite. I wouldn't ever get an amalgam filling either.

>>15241105
I own more Bitcoin than you, if you even own one at all that is.
I can't help you with the conspiracy alien bullshit, but if a round of AU gets people a ride out of Vietnam when no other form of payment would work than I know i'll be fine dumping 2 or 3 million bucks into it.
I probably pay more in fees and premiums on the fucking metals I buy than you contemplate making on your wildest crypto fantasies.

You people have no imagination and this board is cancer. RIP /biz/ 2015-2018

>>15241142
>RIP /biz/ 2015-2018

/thread

>>15241105
>Holy fuck imagine believing this.
can you imagine not? you can deny facts but that dont change them
>Imagine the US gov got together with the EU and said "we're no longer accepting gold for the payment of any debt"
too stupid to even bother
>It's easier to manipulate currencies when you're the only one in charge of it.
thats called fraud. a fiat currency

engineer of what? fucking useless software? you dont know shit about the natural world

>>15241153
This fucking board was literally dogecoin ponzi scheme crypto kittie fuckface central for all of 2014 don't come at me with that reddit tier bullshit
this board had 3 good years.

>>15241160
Anon everybody itt is retarded.
including us

>>15241071
try again

>>15235373
dont buy silver eagles, buy whatever spot silver or gold is cheapest, bars usually, unless the tax breakdown is better for coins, just buy shot or bars, whatever is the cheapest

>>15241198
i agree re silver, but i think 9999 gold is the way to go

>>15241189
Low energy. Your imaginary pixels will vanish into nothing after (((satoshi))) market sells 1m. You will be financially finished.

>>15241030
lol gramps time to take your meds

>>15240666
>Don't give me that asteroid mining bullshit, gold is finite.

There's a great amount of gold on the moon as well. Gold will have a ceiling in value when off earth mining becomes profitable and it will become profitable for more than just gold. Only schiff level boomers deny this. Profitable mining coming in 15-20 years is a conservative guess, there are already massive inflows to the industry. Do any fucking research and that will be obvious. But whether you believe we'll see it in 5 or 50 years the result is the same. Gold will be flipped by something actually finite and the best bet we have is bitcoin.

>>15241142
>t. sperg larper
My dad works at Nintendo and he says you're wrong.

>>15241160
No argument then? Just personal attacks? I'm going to have to start responding with (you) and laughing images sooner than expected.

>>15241799
>Profitable mining coming in 15-20 years is a conservative guess, there are already massive inflows to the industry

Life must be enjoyable if you have a subhuman IQ.

>What are the laws of physics
>Limits in transportation
>Finite ressources plus the cost of ressources

NASA, SpaceX and WHO else you wanna take in account is still struggling with bringing the rockets back down in one piece, but hey let's mine multiple ton of gold from a moving asteroid.

Easy as fuck because i have read a thread on reddit.

>>15232024
you can never store value entirely due to increases in productivity mainly due to technology and scaling operations. You want to 'store' the 'value' of your work or savings which buy you X now but only X/2 decades later because this work becomes worth less with time, thats not even taking inflation and the whole banking system in consideration.

SoV is a meme and OP has been doing the same retarded arguments for more than a year which have been countered time and time again. He's holding heavy 2012 panic bags

>>15241995
Oh, also this

https://en.wikipedia.org/wiki/Gold_fixing

>The London Gold Fixing (or Gold Fix)[1] is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd.

>>15241972
Once the rockets work that is literally the only piece needed, gold is so profitable per oz it will be the first thing mined from the moon.

>>15241799
>Do any fucking research and that will be obvious.

>>15242008
What is platinum

>>15241972

Did i say it would be easy as fuck? Did i say we already have the tech?

>What are the laws of physics
>Limits in transportation
>Finite ressources plus the cost of ressources

I guarantee in the year 2000 if I told you we would have computers 100x more powerful and 100x smaller than your mac dino tower in 20 years you would be saying the same shit muh laws of physics muh limits. When there's that much profit to be harvested sitting in our backyard the tech will come. But you're such a hopeless boomer you think ASTEROIDS SPACE NOT IN MY LIFETIME. Yes, in your lifetime, boomer.

>>15241995
But hasnt gold maintained its purchasing power over hundreds of years? Why would gold give you X/2 when the point is that it doesnt

>>15242215
Brainlet they knew about Moore's law in 2000.

>>15242413
Stop replying to this subhuman race. Emotional replys filled with nothing are confirming my accusation.

>>15225747
Bring bong.

UK - Where do you buy your gold from in the UK?
Thanks

>>15242430
>>15242413
SUBHUMAN SUBHUMAN ASTEROIDS SPACE NOT IN MY LIFETIME

>>15242260
>But hasnt gold maintained its purchasing power over hundreds of years?
short answer is no
long answer is hell no
you only think so because cheap mass produced goods cost the same in gold as he handmade labor intensive equivalents did

>>15227039
"Currency reset" when has this happened bed?

How do you know that's how it will play out?

>>15242112
Platinum is selling at almost half the price of gold. Why would platinum be first?

>>15242676
Because the world is swimming in debt and currencies are failing

>>15225760
Gold is nice until NASA hits up that asteroid with an estimated TRILLIONS of dollars worth of gold and other minerals. Then gold will essentially become worthless.
200 IQ nigga what you know about SPACE GOLD

>>15242668
>you only think so because cheap mass produced goods cost the same in gold as he handmade labor intensive equivalents did

If this has anything to do with it its maybe 5% at most.

You can literally read a passage from the bible about how 1 ounce of gold bought you 350 loaves of bread 2,500 years ago.

That same ounce of gold taken to a coin shop today will give you $1,450 which is still roughyl 350 loaves of bread

>>15243030
https://www.youtube.com/watch?v=fjhLp8AHAYc

Zoomers bls staph
you were supposed to destroy the boomer not join them!

>>15243036
They really don't understand that stability in of itself has great value.

>>15242944
Because fuel cells you absolute brainlet. Kys.

>>15243045
I'm a millennial but I'm just shitposting for lulz
people that think they can predict the markets are just fools to laugh at unless they've actually shown repeated, proven success in their endeavors. I guarantee a hard 90%+ of people here talking about gold have never made it big in the stock market, so their opinions are mostly worthless.
That being said, they could be right. Or wrong. I don't really care in any case.

10y-2y curve has inverted

>>15243036
That means it hasnt really held its value. 350 modern day breads are a piece of crap

>>15243030
Then they just slowly drip in supply like that do with diamonds