/biz/ - Business & Finance

Massive buy signal

>>24310981
but yet the efforts of elon musk and even chin now, will destroy the value of gold.... do you know why they are rushing to space so much? ..... they found asteroids with 100000x the amount of gold and precious metals that the entire earth ever had lol what will happen once they get that? .... thats right..... the value of those metals will drop down to fuck all because they are no longer scarce and very common.

>>24311471
Just sold all my gold for asteroid mining stocks

>>24311471
You believe that's happening in our lifetime?

>>24310981
that boomer faggot called the mortgage crisis and has been riding that high for 15 years. too bad he was wrong about gold and missed out on the golden bullrun for stocks.

ah yes, gold, something that will always be supply limited and has never in history had massive inflation due to new transportation technology

[Laughs in SpaceX Treasure Fleet]

>>24310981
See you at 50k bobo!

>>24310981
Now that the time more propitious for governments to steal the gold from the people(happened during the great depression), I've went all in gold.

>>24311566
Yes, absolutely. Are you unaware of the ridiculous, breakneck pace of Starship development? They're building SN15 now. SN8 is flying next week.

>>24310981
Never go all in on anything.
If you don’t own both crypto and gold as a hedge you are a brainlet.

>>24310981
i figured out a way to change lead into gold and I have 125 tonnes of lead in my back yard so yeah I'm gonna dump your gay caveman currency and I'm gonna smile while doing it.


Buy csv if you wanna be saved

>>24310981
Schiff is a professional bitcoin fudster. He literally spends all day thinking of bitcoin fud so that his gold merchant business doesn't die.

Even his son loves bitcoin

>bla bla bla
>it can't hold above $19,000
Absolute state of FUD, you ain't buying BTC sub 17k ever again buddy

>>24311566
It absolutely will happen in 20-30 years, no doubt about it

>>24310981
>10x on your money in mining stocks


Enjoy losing 91%

>>24310981
Not going to make it.

>when it can't hold above $19,000?

DXY became stronger today bitcoin will be above 300k in a year as dollar devaluation happens.

>>24310981

Enjoy having a real return long term of 0% on gold you dumb rockfag.

Pic related.

>>24311632
Literally happened when we found the new world. They fucked the economy with so much gold

>>24310981
I sold all my Bitcoins and put it into my savings account

>>24311654
I doubt commercial minning happens , extragalactic rays are very cancerous and so are solar rays.

>>24311889
0% compared to official inflation pretty significant losses to shadow stats which is closer to real inflation

>>24311889
it's funny how domesticated goldcucks are , they keep creating paper gold and cucking them below inflation.

>>24311910
could be that medical nanomachines make cancer and most diseases a moot issue the next decade

>>24311909
based

Fiat is already down 96% so how much more could it really go? its due for a pump any day now

>>24311905
yes that was the joke I even referenced the Spanish treasure fleet

Thanks. Bought 100k (of bitcoin).

>>24311924
Yes it's below inflation , that's how cucked goldcucks are.
The worse shit is that they don't understand why this is happening , 12 years of massive quantitative easing , bigger monetary expansion in history and gold flatlines.

And they can't understand why, meanwhile dxy goes down 0.20 points nad bitcoin rises 2k

>>24311910
kek. anon, what if i told you that machines dont get cancer...
oh, so you thought there would be an actual person with a pickaxe on an asteroid?

>>24311924

Yeah, nah cunt.

I'm going to invest in a REAL BUSINESS, with REAL PRODUCTS and REAL CASHFLOWS that then re-invests this money and grows my money at several magnitudes higher rates than your inert rocks.

Is there anything dumber than rockfags on /biz/?

>>24311948
it's a posibility yes if that happens gold is rekt, pic related.

>>24312011
Cunts who invest in nothing at all.

>>24312011
people who still deny Gamestop is a good investment

>>24310981
What has more utility?

Gold, or a token that can be used for secure internet transfers?

answer: both. Gold is required in sciente, secure internet transfer are required for us to purchase goods over the internet without government interference, or even to hide how much money we have from tax collectors.

ur dumb

>>24311889
Metals aren't investments. Gold is a store of value and acts as a hedge against fiat inflation. It's not an asset that provides short term gains, unless you consider major market volatility

>>24311986
With chemical rockets i see it hard to do asteroid mining without humans and ion engines capable of bringing shit will take decades.

Also gold industrial usage is a meme , it's high stock to flow is it's only value

aka pic related

>>24312023

3 or 5 missions doing asteroid gold mining will send gol price below my shit price.

>>24312023
planet earth has enough gold to cover it's entire surface ocean floors and all a meter high.
we are literally sitting on a galactic goldmine.

>>24311471
The reason why gold and silver bullion are worth lots is because the vast majority of the mined stuff goes into industry (electronics, jewelry, etc.). Only a bit goes to mints. Harvesting space precious metals will probably not increase the price, if it ever happens; consider that prices have gone up after the advent of modern industrial mining which is vastly superior to the old methods. And you do not realize the huge costs that will be tacked onto the product due to the logistics: flying metals from space to earth wouldn't be cheap. In fact, it's barely conceivable as being feasible unless you're selling the product for record prices.

>>24312249
>flying metals from space to earth wouldn't be cheap
you can literally drop them gravity will handle the logistics

>>24312249
cope. you'll lose everything in the next decade and I'll be laughing

>>24312164
are you retarded?

>>24312269
in fact since there is no friction in space you don't need vehicles to fly metals towards earth. you just fire them from a mass driver and let gravity do it's thing.

>>24312280
this is a fact look into it... the gold reserves of earth are massive and gold is not even a remotely rare element in the universe. but earth is especially rich.

>>24312269
>you can literally drop them gravity will handle the logistics
you you're saying that you need to fly space ship up there and then get them to shoot packages to earth. Sounds pretty cheap.
>>24312272
Sure, because all of my money is in bullion.

>>24311471
Might cost a few dollars extra to ship the gold from Mars, idk.

>>24310981
Your argument that gold has more intrinsic value than BTC is odd, because gold is no more practical than copper or zinc.
It's only our fascination with it that has increased its value. Just like BTC.

>>24311516
Kekd

>>24312351
drones could do it you don't need manned missions anyhow one way trip too lots of cost saving options if you understand inert mass is just a projectile

>>24311654
Space is fake and gay. Kys faggot

>>24310981
Meh.. Schiff sounded like a stupid broken record in his debate with Saifedean Ammous, and Saif was being needlessly conciliatory and still won it.

>>24310981

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)

>>24312693

6) Solutions like BCH are not the answer, since, the larger the block-size, the greater the centralization. To the point where you might as well simply keep your gold in a vault and use a gold-backed crypto instead, because that is no more centralized than what you will inevitably have with something like BCH or BSV. Kinesis (allocated gold on the Blockchain) does everything which BCH claims to do (banking the unbanked, 24/7 transactions, making microtransactions, etc.). https://www.youtube.com/watch?v=5Q9aYYluRA0

7) Satoshi is really Adam Back, the head of Blockstream. https://www.youtube.com/watch?v=XfcvX0P1b5g Blockstream is controlled by the banks and the Bilderberg Group.

8) Bullion banks are bidding up the price of Bitcoin on the futures exchanges at the same time as they are suppressing the price of gold, as Rob Kientz shows. (https://youtu.be/Bq9SblPW-6w))

9) Promotion of BTC in the mainstream media is unrelenting, showing that they completely back it. The MSM, of course, is controlled by the bankers.

(2/3)

>>24312716

10) Russia, China, and the other eastern countries have been accumulating gold to issue gold-backed currencies after the reset, not crypto. They already have enough gold reserves to do this. The eastern countries are where the real production is, so, if they don't take BTC, BTC is good for nothing.

11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.

12) Money must represent savings, i. e. what is useful for production and industry; otherwise, no country has any reason to take it as an equivalent exchange for their goods and commodities. But crypto stores no intrinsic value. After the reset, then, BTC will go to zero when priced in gold (as Alasdair Macleod says).

13) Crypto has enormous intrinsic disadvantages when compared to gold. If you have gold in a vault, you are protected from the following: Being tortured out of your life-savings within ten minutes; losing them to memory-loss; dementia; a thoughtless mistake when making transactions; a key-logger or other hack; burglary (extremely rare with respect to private vaults); a fire; a hardware failure. BTC also, as I have said, lacks the privacy of gold and silver coins, and is fundamentally unusable as a currency. Whereas digital gold on the Blockchain (Kinesis) or gold-backed currencies in the banking system are perfect as currencies.

(3/3)

>>24312693
No one cares about XRP-schizo-tier theories and /r/BTC cope, stop spamming this copypasta you're not smart. You're just bitter and resentful about not accumulating when it was cheaper.

>Mining asteroids
KEK

>>24312465
You still need engineers and shit up there and people to fly the drones etc. Imagine a normal mine. Now take that and replace all the workers with highly qualified STEM degree holders. If you don't think it would be expensive I do not know what to say. Also fuel: you realize how many millions of dollars it takes to launch a rocket into space. It's about $1,380,000 per launch.

>>24310981
OP probably would have said the internet was worthless in the 90s and would have said electricity was going to ruin the world in the 1800s.

Gold still inflates too. They can make it in a lab, retards. And they can lie about how much they’re mining. You don’t notice how much it’s inflating because (1) the dollar inflates more, and (2) goods used to measure inflation are all more cheaply made now. A dozen eggs in 2020 is cheaper to make than a dozen eggs in 1980.

pic related is average goldbug

>>24311516
just sold all my cold ass hemorrhoid wiping socks

>>24311871
You know what's really fucking hilarious about DXY, I remember when it was 80 at the start of the 2008 crisis and that was the normal level. Now it's 98 and people are screaming that the dollar is weakening fast.

It's JUST LIKE all the morons shrieking "Bitcoin dropped from 19,000! to 17,000!!! It's going to zero!!!" when Bitcoin just rose from 11,500 less than two months ago.

>>24311889
retard, gold and silver are not investments they are money. its a preservation of wealth rather than a gamble of Jew stocks or meme coins

>>24312804
>need engineers up there
Not really, you do it all via teleoperation. Yes, there's a high risk of failure. It's still cheaper than life support for one person for a year.

Go read Daniel Suarez' "Delta-V". It's a hard-SF asteroid-mining novel.

>It's about $1,380,000 per launch.
Which is a pittance considering that the metal in one asteroid could, at current prices, be worth a trillion. Can't even sell it without breaking the market. But it's even more valuable IN ORBIT where it could be gradually sold at "reasonable" prices to governments for space-based manufacturing of orbital infrastructure.

>>24312812
>the internet was worthless in the 90s
TIL OP is Paul Krugman

>>24312823
it's just a cycle going on since 1971

dxy going down is actually apocalyptic since all floating currencies are devaluating agianst the usd since 1971.
When dxy goes down real estate & land & bitcoin goes up worldwide at the same time since it shows all fiat is losing value.
Dxy is going probably lower than 2008 since burger unemployment is going up again.

>>24311889
it's not a rock IT'S A MINERAL

Thanks for your cheap corns. Enjoy your shiny rocks

>>24311675
Exactly. Both are comfy AF. Idk why anyone wouldn’t hold both??? Unless they are just legitimately clueless

>>24312918
>Not really, you do it all via teleoperation. Yes, there's a high risk of failure. It's still cheaper than life support for one person for a year.
>Go read Daniel Suarez' "Delta-V". It's a hard-SF asteroid-mining novel.
Your argument is "read science fiction to beleive me". So your argument is invalid: it is based on a hypothetical future, how things could be in the future based on wild speculation. Never mind that national IQs are dropping like a rock. The pajeets and niggers of the future west won't even be able to get that stuff to work.

>>24310981
>i want to have something real in my hands
laughing baudrillard.jpg

>>24310981
you do realise that if it ever gets to that point even your gold is fucking useless god fuckign damn it. reason all this even has value is because we're all agree on it within civilization. fucking retard, none of this shit has actual value, gold HAS ZERO VALUE unless we say it has fucking value. cryptos/stocks/gold they are ways to generate income over long long periods of time or hold/move wealth. way easier to move 10 billion in fake currencies rather than 10 billion in gold nuggets. you can then exchange that 10 billion to earn little gold nuggets which in themselves hold no real value except to a human that lives in a civilization where they have value.

>>24311889
Gold is still up 575% versus USD in the last 20 years, whereas people who invested in DJIA around 2001 *just* returned to inflation-adjusted breakeven within the past year.

>>24312693
Glowing PhD

>>24310981
10x? who cares about a measly 10x, kek
10x were easy gains even in the last DeFi run, 100-1000x is what we're aiming for.

>>24312804
>You still need engineers and shit up there and people to fly the drones etc
not really no
we don't have engineers on mars to fix or control the rover s either.

>>24312822
this. the supply of gold can be artificially reduced by cutting mining production to pump prices. can't say the same about bitcoin, eh faggots?

>>24313550
>JUST

>>24312804
>Also fuel
yeah about that once asteroid mining starts in earnest we will have orbiting stations to launch from and eventually to build new drones and infrastructure in orbit.
fighting the gravity well at every step is so last century.

>>24313948
well technically you can do the exact same thing but it would collapse the price not pump it.

>>24310981

You can literally transmute gold from other elements, aka unlimited gold. Checkmate goldfags

>>24313933
>we don't have engineers on mars to fix or control the rover s either.
Tiny shitty exploration missions VS industrial mining.

No.

>yeah about that once asteroid mining starts in earnest we will have orbiting stations to launch from and eventually to build new drones and infrastructure in orbit.
fighting the gravity well at every step is so last century.

Cool story. It isn't going to happen though.

>>24312406
The only reason we use copper is because gold is too expensive. If gold was cheap, no one would use copper for anything.

>>24314173
the mining equipment is so cheap it will probably be worth it to send more than repair at first. then as time moves by collecting the scraps and refurbishing or simply scrapping for parts would happen ofc.

>>24314234
not exactly true silver is the best conductor gold is mostly used for corrosion resistant layer in high end electronics. and you can actually form a crystalline structure from copper that is abetter conductor than gold. not to mention chemistry.

>>24311471
>There are people on /biz/ who are actually naive enough to think we will see asteroid mining this century

>>24314352
on electric wiring, gold is more malleable and doesn't corrode making it easier to turn/run/snake around and easier/simpler to terminate. It's just easier to work with in general and nearly as conductive as copper. Yes silver is a bit more conductive than copper and gold, but electricians often use the less conductive aluminum because it is cheaper so it's not a deal breaker. All things being equal, electricians would use gold I believe for ease of installation.. or maybe silver for high amperage distribution lines when they need to minimize losses.

After listening to the debate between Peter Schiff and Antony Pompliano, I have sold every last bit of my crypto, and put it all into gold and gold miners. I don't have anything left. Schiff has completely convinced me. Now that the dollar crisis is actually here I don't trust ridiculous Internet tokens to last--my natural instincts have taken over. I want to have something real in my hand, something eternal, not get caught in a worthless ponzi scheme.

[YouTube] Schiff and Pomp Live on Bitcoin and Gold (embed)

This isn't simply about BTC. I sold everything, ETH, XMR--I'm completely done with it all. I advise you to get out too before it's too late. Don't trade a sure thing (gold) for a dangerously speculative gamble which will probably fail. If you can make 10x on your money in mining stocks, why even bother? Who in their right mind really thinks that BTC is going 10x, when it can't hold above $19,000?

>>24311675
I went all in on link and am rich now

>>24311471
Oh God this again, do you people even understand space travel and how much it costs? Not to mention weight limits on spacecraft? And the sheer amounts needed to change the market? Yeah im sure Elon is going to bust into the atmosphere with enough gold to crash the global market.. imagine believing this nonsense.

gold can be crashed by space travel, crypto by governments and EMPs. I will be stocking up on plankmakers. thats right. making trees into boards will never go out of style. long after the technocracy crumbles.

>>24311889
Stocks didn't return that much. You need to correct the value for getting bancrupted, tax raped and literally dispossessed several times.
What happened to the Chinese stock investors, the Russian ones, Eastern European ones and even German ones?
They all got completely wiped out to 0.
Will happen with US stocks as well.
Or you think US will be in eternal bill market for the next 500 years.
Lol no.
US stocks will eventually hit a phase of misery and decline for several generations.
Good luck.

>>24311909
Ngmi

Schiffs argument for "useful case" for gold... ? cell phones need it?

>There are 0.034 grams of gold in each cell phone, according to the U.S. Geological Survey.
>To extract the equivalent of a one-ounce American Eagle, you'd need the gold from more than one thousand cell phones
>In 2019, over 1.5 billion mobile phones were sold

1.5 billion = 1500 million phones = 1,500,000 thousand phones x (1 oz / 1 thousand phones) = 1.5 million oz. required every year

>Barrick, 2019 total production in thousand ounces: 5,465 = 5.465 million ounces

>>24313550

longing USD is not ever adviced, more breaking news at 11.
returning better than USD is like beating a toddler in basketball, not that impressive.
stock markets ABSOLUTELY ANNIHILATE gold.
even if you bought the literal absolute top of a speculation bubble and never bought the dip, you are still back to even eventually. If you buy the dip continously you are back to even much faster.

stocks absolutely trash gold, fuck gold.
I understand using it as a hedge if you have a quadrillion dollars and need to diversify but investing in gold as a random retailer is so retarded that i blows my mind.

>>24311742
I figured out a way to bruteforce private keys so your crypto is worthless

>>24310981
>peter schiff

>>24310981
No joke I sold
Half my bitcoin at 3k and bought gold. My gold has gone up maybe 50% and crypto like 500% fuck

Taking kike advice and dumping all your crypto.

How gullible can a goy get?

>>24310981
Same here anon. Schiff is the fucking man.
And then I came back and listened some more to Raoul Pal, Michael Saylor, Chamath Palihapitiya (however the fuck you spell his name), Jeff Booth, more Pomp and realized just how out of touch Schiff is.

>>24316591

You can always buy an international ETF if you're bearish on the US.

>>24315533
>Elon
Elon penis go into grimes vagina and now they have a baby. Hehehehehe. Hehehehehehe. Hooo! ;-)

>>24311471
Makes me think on the aliens were here to mine for gold. Why didn't the faggots capture asteroids?

>>24312734
>11) Gold-backed currencies in the modern banking system would work with perfect efficiency, whereas no crypto can function as a currency for more than a minuscule fraction of the world population.
Umm...wrong. Cardano could easily do that with enough nodes. We're post-Shelley, bitch.