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/biz/ - Business & Finance

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57379905 No.57379905 [Reply] [Original]

I traded my legal tender for digital 1s and 0s backed by nothing

>> No.57379911

>>57379905
As long as you don't need the legal tender for any upcoming expenses in the near future, you did the right thing.

>> No.57379914
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57379914

>>57379905
>backed by nothing
You traded paper fiat for at least something backed by energy. Still though, gold and silver are better to own.

>> No.57379916

>>57379905
What's the legal tender backed by?

>> No.57379933
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57379933

>>57379916
the law

>> No.57379934

>>57379914
The US dollar is backed by the US military. Still fake and gay albeit thoughever.

>> No.57379944

>>57379905
trust me. that legal tender isn't backed by anything either.

>> No.57379947

>>57379914
>gold better to own because is rock
Why rock good?
>"Because shiny, because no corrode, because electric conductive, because industrial applications"
How much of the demand for gold goes to that?
>"uh like 10%"
So if someone made something that did all the things of gold but was an ugly poop green how much would gold be worth?
>"Idk probably about the same"

>> No.57380023
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57380023

>>57379934
what's the US military backed by?

>> No.57380234

>>57380023
Bucks into MTF.

>> No.57380791

>>57380023
Lockheed Martin and Honeywall