[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 189 KB, 600x449, 2-09-gram-arizona-gold-nugget-3.gif.jpg [View same] [iqdb] [saucenao] [google]
11178947 No.11178947 [Reply] [Original]

Not trying to be cheeky but it really doesn't make any sense when you think about it.

Is human society really so uninvolved that this is still a smart idea?

>> No.11178966

Hooman like shiny

>> No.11178982

>>11178947
It's not a rock.
Rare things are more valuable and prized than common things.
Gold is shiny, it doesn't tarnish, it's malleable, easy to melt, and it's rare. It's no wonder why it would be an accepted currency across practically all societies.

>> No.11179000

>>11178982
>across practically all societies

lol no. The aztec/maya only used it for ceremonial purposes, it was useless to them for practicality and they valued other minerals like obsidian more which they could use to make weapons and tools.

>> No.11179019

Because they're retarded

Daily reminder that if you don't have at least 2 weeks of food and water stored, you're fucked during a collapse or disaster.

Enjoy having your gold confiscated in the fema camp

Gold is not rare and has no monetary value. It's a rock. You can't buy food with it.

>> No.11179101

>>11179000
This analogy is like saying toilets are one of the best inventions to a bunch of sand nigger Indians

>> No.11179110

>>11179019
"Enjoy having your gold confiscated in the fema camp"

Being that you are someone who doesn't use your brain and think.... you actually just made a better argument for owning gold than any gold shill could make.

Geez....gold must not be valuable since FEMA will want to confiscate it

>> No.11179130

>>11178982
It's BEEN a currency and still could be a currency in the event of a bad Shtf scenarios.... but it is MORE importantly real money.

Gold is money .... USD is currency. Unback dollar from gold and it leads to massive inflation where the only way to "make it" is to throw your money into shitcoins and pray.

Gold (money) its first primary function is to MEASURE VALUE for goods exchanged for it.

Nothing measures value better than gold.

Not even shitcoins.

>> No.11179149

>>11179000
Societies that don't value gold no longer exist.

>> No.11179154

>>11179019
It's not about buying food with it jagoff...it's about having a basis of value for the currency. Although you can buy food with it.

Go on YouTube you can find starving African niggers panning for gold in river beds and when they accumulate .01 grams of gold thy can exchange it for a loaf of bread

Gold is rare but it's not TOO rare... if it was too rare then it wouldn't have been as good a candidate for money as it has been.

Pro-tip... being rare is just one of several characteristics money has to be. There are many others that gold also fit perfectly.


Also.... if your argument is money has to just be rare.... then your an idiot... because we use dollars as money and dollars are just about the most least rare things in planet earth.

There's so many trillions and trillions and trillions of dollars

>> No.11179161

>>11179000
Also...who is saying gold is the only valuable thing on earth?

Just because gold is valuable doesn't mean my dildo I shove up my ass isn't valuable either.

>> No.11179173

>>11178947
To answer your question tho OP....

Because certain rocks are valuable and represent wealth. They are physical tangible wealth

Instead of asking the question you asked you should first be asking why do posters on here value their Pepe memes?

Then you'll understand your question with respect to rare earth metals is a stupid question

>> No.11179210

gold can be made into anything and it won't rust, and it's not reactive, it's a good conductor of heat and electricity

diamond can be used to cut, grind and drill other materials

>> No.11179213

>>11179210
And all diamonds aren't equal. All gold is equal

>> No.11179222

>>11179210
Gold is okay, but diamonds are pure jewscam.

>> No.11179229

>>11178947

Have you tried making a spaceship out of wood?

>> No.11179646

>>11179213
Never heard of purity have you?

>> No.11179930

>>11178947
>dude why is this valued lol
what a freethinker you are. what a rebel.

>> No.11180945

>>11179149
This. Natural selection from subhuman mongrels.

>> No.11180986

>>11178947
ok here's the gold blackpill. humans are a genetically engineered species purposefully evolved from earth's native apes in order to gather the precious natural resources of this planet for our creators, the Annunaki. They engineered into our DNA the inherent desire to mine, extract and purify gold and silver from the earth's crust, and stack it neatly into well-protected little piles. One day our creators will return to collect all the gold and silver and dispose of their little worker ants.

>> No.11182074
File: 9 KB, 250x243, 1537320989619.jpg [View same] [iqdb] [saucenao] [google]
11182074

>>11180986

>> No.11182094

>>11178947
You ever try crack? It's amazing

>> No.11182113

>>11178947
Gold is a metal not a rock.

>> No.11182145
File: 219 KB, 327x333, psyops.png [View same] [iqdb] [saucenao] [google]
11182145

>>11180986
Can't they just get their gold and fuck off? Also, if they're so advanced why bother waiting for hundreds of thousands of years for us to evolve instead of straight up mining asteroids?

Checkmate CIA glowinthedark nignogs

>> No.11182156
File: 13 KB, 418x359, 420realization.png [View same] [iqdb] [saucenao] [google]
11182156

>>11182145
jfk in my tag, means I'm right about the CIA psyops

>> No.11182174

>>11178947
its not a rock, its an element, would you call uranium a rock?

>> No.11182207
File: 151 KB, 750x600, muney.jpg [View same] [iqdb] [saucenao] [google]
11182207

>why do real people keep buying things that create value and not my crypto bags

I dunno, its a real mystery. Truly the question of our age.

>> No.11182219

>>11182207
How does a rock create value? Especially if it's been turned into money, which removes any utility it might have.

>> No.11182226

>>11182219
How should i know. Im only posting from my gold iPhone X

>> No.11182271

>it's another brainlet thread
not a goldbug but the actual arguments for gold as sound money are that it's predictably hard to produce. supply only increases by a % point or two a year, and you can't really stretch that. and gold doesn't deteriorate
that's all you need for a store of value, because when you ACTUALLY think about it, the intrinsic value of any good is zero. what you pay for is the value of the human effort required to extract it from the earth, to refine it, to produce it, to bring it to you; in a more abstract way (property rights) you also pay for the right to access the land where said resource is from to the guy or group of guys with enough force (guns w/e) to claim that land
all economy is essentially a service economy even if we tend to imply something else by the word. human transactions are about labor and not resources. therefore gold makes the perfect unit of account, over fiat and digital money who can both be inflated by centralized authorities at a negligible cost
according to goldbugs anyway

>> No.11182331

>>11182145
Vintage matters. The time and the place are unique EM. A stradivarius may not be copied because the conditions of materium are different or more complex like ripples on a pond.

>> No.11182345

>>11178982
>it doesn't tarnish, it's malleable, easy to melt, and it's rare
So... like Bitcoin?
>>11179130
>he thinks people will trade in gold instead of ammo and supplies if society collapses

>> No.11182347

>>11182219
So called mono-atomic gold allows material things to phase in and out of materium. This is usefull for the dyson sphere around one's homeworld.

>> No.11182367

>>11178947
At some point various governments found gold to be a useful form of money for various reasons (reasonably rare, malleable, doesn't rust, and so on). Sound Money (tm) is pretty silly - you can have sudden supply shocks of gold which will have harmful effects on the economy, you have to physically acquire gold to fund your government, and so on. Ideally you have a fiat currency where the money supply increases in line with productivity. People are butthurt about inflation because it makes the value of their money in their bank account go down, but consider that sitting on a pile of money and doing nothing with it is basically usury.

>> No.11182372

>>11182219
Gold doesn't create value brainlet

Gold MEASURES VALUE and has been the best measure of value for thousands of years.

Your problem is you don't understand what the primary function of money is... which is it's a barometers to measure value

>> No.11182418

>>11182367
>sitting on a pile of money, doing nothing with it, but having it still gain value
fixed

>> No.11182437

>>11182345
Try and pretend that life existed before you were born and you will realize that gold has been money for thousands of years.

Ammo and supplies aren't money you fucking moron. What? You think we are going to have some economic collapse and we will then be stuck in some closed loop barter system with people trading blowjobs for toilet paper for years?

Barter is inefficient as fuck. Also... if I have ammo and you have ammo and I got toilet paper and you don't. I'm not going to take your fucking ammo for toilet paper because I already have ammo. See how that's inefficient you dumb nigger?

Moreover, in a SHTF scenario you NEVER trade ammo. Because if I got a bunch of shit and you don't and you need ammo for defense or hunting. Guess what? I trade with you and give you some ammo then you can take that ammo and shoot me in the head and steal all my shit.

Ammo and supplies are valuable for what their use is. Gold is valuable because it's money to exchange for shit. BecAuse if we both have ammo and you need toilet paper, I can give you some of my toilet paper for silver because I can then use that silver to get a blowjob from some crack whore and then that crack whore can go buy heroin with the silver I gave her for a blowjob.

Also, if you had inside knowledge that next month the dollar would collapse.... wtf you going to do? Put your entire at worth into ammo and canned foods like a fucking moron?

You aren't going to put any into gold to protect your wealth? When there will inevitably be a new currency you can transfer that wealth into and make out like gangbusters in a deflationary collapse.

What you thinks going to happen? Everyone's going to load up on 6 months of supples and then die when supplies run out and you can't barter anymore?

>> No.11182457

>>11182345
You also realize that gold has been money for thousands of years in order to not have to barter like a fucking homeless nigger. Gold made the economy much more efficient. Just like swiping your debit card is more efficient than using cold hard cash

>> No.11182466

>>11179161
You'd have to find someone who agrees
Value is completely subjective, but when the majority of people hold something at a particular value then why the fuck would you bother dealing with the ones who don't?

>> No.11182509

>>11182466
Gold being valuable isn't subjective you fuckhead. If every dead person that's ever lived came back to life today.... also including much of the non western world... they will all tell you gold has value.

You only think gold might not be that valuable because you were educated in some shitty govt public school so (((they))) could steal all your wealth through inflation.

In fact, half the reason your investing in crypto is because you can't "make it" otherwise because the dollar doesn't buy you shit anymore unironically because it isn't backed by gold.

What's the problem? Higher prices and skyrocketing cost of living. That's literally it. Under a gold standard you could "make it" driving retarded kids on a bus to grade school while your wife raised 3-4 kids at home. Why? Because under a gold standard prices are cheap as fuck.

You make fun of boomer 10% returns decades ago? Well... 10% returns under a gold standard were like 100% returns in crypto today because prices were cheap as fuck, and weren't going up like crazy like they do today.

>> No.11182917

>>11182509
>steal all your wealth through inflation

In 1980 cumulative inflation since 1913 was 780% and by the year 2000 cumulative inflation was 1675%.

If gold were a true inflation hedge, gold would have climbed with it. But rather than keeping up with inflation the price of Gold fell from the peak of $850 per ounce down to under $300 in 2001 losing 65% of its value.

But in inflation adjusted dollars the scene is even worse. The 1980 peak in current inflation adjusted dollars was over $2337 and by 2001 it fell to $351 losing a whopping 85% of its inflation adjusted value!

>> No.11182986

>>11182509
It is subjective. If you don't like gold then it has no value to you. It just so happens that many, many people do like gold.
The same used to be true of salt, particularly colorful rocks, etc.

>> No.11183082
File: 35 KB, 800x450, oogaboogaaa.jpg [View same] [iqdb] [saucenao] [google]
11183082

Rock is better than Berry. Rock is shiny. Doesn't go bad.

>> No.11183797
File: 22 KB, 485x443, 1515465808410.png [View same] [iqdb] [saucenao] [google]
11183797

>>11178947
Grug smart. Grug only buy rock now. 1 shiny rock can buy goat. In 1000 moons shiny rock still buy 1 goat. Berry no hold value over time.

>> No.11184702

>>11178947
Cuz its shiny nigga and with muh gol' ring i can pump sum fat ass and lil niggas in da hood think imma king ya know