/biz/ - Business & Finance

>>29298708
When shit hits the fan the only true currency will be ammunition. When society collapses gold can’t protect you nor get you food.

>>29298708
I kinda liked Schiff 13 years ago.
He is insufferable

>>29298708
Schiff seems eternally butthurt but this is probably the most relevant he's ever been in his entire life. He also accepts payment on his website via Bitcoin so it's probably the most wealthy he's ever been as well. Bravo good sir

>>29298801
Stop living in a failed third world state, you stupid cunt. Security is cheap and abundant everywhere in the developed world.

>>29298708
>gold doesn't need miners
HOW DO THEY GET IT OUT OF THE EARTH THEN RETARD

>>29298708

>An e-mail from the Government
>Layer of trust
>Trusting the government

Whew lad

>>29298801
seeds/medications/tobacco/firearms/etc will be the first currency in a shtf scenario at first.

but slowly we would go back to using gold and silver and a currency backed by it. it could be as simple as a wax stamped signature IOU silver note.

if you understand how money was created you will know gold will never be worthless

>bitcoin spends too much money on simply existing
valid argument
>other people owning your gold is ok because you can go pay them a visit to see they own your gold
dumb argument
in the end bitcoin and gold are both shit, for different reasons. the shit part of bitcoin is tied to proof-of-work and not an inherent feature of cryptocurrency, whereas the shit part of gold is tied to the physical nature of precious metals which inherently cannot scale

>>29298708
also peters emails are worthless if anything drastic happened. do you think you're getting your gold from his vault when a nuclear war hits?

still though why not both? i own PMs and crypto and no stocks atm. Crypto for the massive gains and gold/silver for the safety net.

>>29298801
not true retarded vigilantes will be put down by the community fast. we ALL have weapons. gold will buy me food water shelter land a wife animals and guns.

>>29299067
>...to exist
he’s right nigger gold is created at the death of a star and lasts forever. bitcoin is a scam.

>>29299238
Because raw gold doesnt neet to be processed???

>>29298708
when will this faggot actually shut the fuck up
imagine being close to death while crying like a child about muh shiny rocks bags

>>29299188
> The community
Is just retarded vigilantes that banded their ammunition together

AVAX or gtfo

>>29298801
So invest in ammunition

Hello fellas, did you take part the BAEXplatform(#baex)? Found their advertising, didn't know if defi binary platforms work. What toolsdo you use? I am thinking about Tesla and Amazon but still not so many guides and videos on how to use them profitably

>>29298708

My good Pete is seething and fuding so fucking hard

>You can confirm that your gold exists on your own (supposedly by travelling to the location it is being held at)
Does he not realize that if you wanted to do that you would be spending resources on transportation, not to mention it is an incredibly time-inefficient method of validation. Not to mention that while gold does exist naturally without us needing to do anything, for that gold to get into circulation you need to spend a lot of resources for mining, transportation, administration, storage, etc.

>>29298708
Does this faggot actually think that people are going to go back to bartering rocks?

>>29299238
and it stays embedded and useless in the fucking dirt until miners expend energy to unearth and refine it. Just like the solutions to the math problems that the BTC mining protocol is built around are 'out there', but it takes miners and hash power to unearth them.

If anything, math is more real than gold is. We might actually invent real alchemy someday and be able to turn tin into gold. But 21M BTC will always be 21M BTC.

>>29299828

Not just that.

Literally gold can be made in a fucking lab now. Its only a matter if time before the process is perfected to become less than $2000 announce.

That day will wipe out every goldbug

>>29299828
do you actually think that crypto is going to protect you from hyper inflation that's coming as the US approaches 150% debt:GDP lol. 10% of net worth in gold/silver, 50% in stocks, 20% in crypto, 20% in fiat, is the way to go for maximum safety and good returns. anything you say contrary to that is jewish and/or niggerspeak bebop bix nood.

>>29299993

>>>do people think crypto will protect them

Why yes. And if you havent noticed the gains laying around it seems like its doing just fine.

With APPS like FLEXA you can even use crypto to buy shit circumventing fiat entirely

>>29299089
This. He's a nigger telling retards to buy gold certificates (where there are about 80 certs floating around per Oz)

>>29298801
Low IQ take. If society collapses, Bitcoin will be useless, and Gold would succeed.

However, if hyperinflation takes hold, then Bitcoin will be dominant.

>>29298708
He's right. With gold, I can hold it, I can look at it, I can smell it. If I so choose to I could fashion it into jewellery and wear it, or use it industrially. With Bitcoin, you can do NOTHING. It is just magic numbers floating in a list that may or not be trustworthy. There's nobody to make sure that the bitcoin isn't meddled with. You NEED third parties to ensure there's no funny business going on between the lines. Sheesh.

As you can probably tell, I don't own any cryptocurrencies (or CRAPtocurrencies as I call them). I don't even come to 4chan that much, only popped in now since there's such a buzz around bitcoin (and we all know what happened 3 years ago). Face it, cryptocurrencies are done for.

Can this faggot shut the fuck up already. His 18 yo son is gonna end up making more money in this bull run than he has ever lol

>>29300883

>You need third parties in order to define value to an object

OH NO SHIT SHERLOCK!

>>29298801
Coffee and cigarettes mostly, if you follow other countries that collapse. IDK if people still smoke cigarettes if they would be valuable in todays world but ammo makes you a target, it isnt as tradable as consumables

>>29298708
Peter trying to be relevant. Top shilling the jew

The problem with Schiff is that he's right about BTC but wrong about crypto. BTC has strong downsides as a digital gold alternative. There is another mature coin that doesn't have those which I will be converting my BTC to as soon as it hits the gold price. I'm not telling you which one because I'm still accumulating and its very undervalued, but I'll hint that it has generals on here, has been around for years and is not on most normie exchanges. Don't you dare tell Reddit or I'll kill you.