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/biz/ - Business & Finance

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11916812 No.11916812 [Reply] [Original]

daily reminder gold is going to at least 10k per ounce and silver will be 650 per ounce in the coming reset.

>> No.11916829

>>11916812
>10k
What are you smoking

>> No.11916848

>>11916812
>gold will go 10x in value.
I suppose this implies the dollar is going to be worth 10 cents

>> No.11916868
File: 973 KB, 1308x1353, Economics-FED.png [View same] [iqdb] [saucenao] [google]
11916868

>>11916848
The dollar is worth 2 cents already.
Anyways, gold goes up, it just means that the end of the petrodollar is approaching.
It's a decent place to preserve value sometimes, during lucky periods in history.
If we are near one of those now or not, who nose.

>> No.11916894

>>11916868
If only wages went up accordingly to the dollar losing value so purchasing power of people stayed roughly the same

But yeah. Stay retarded biz. Never quit doing what you love (regurgitating retarded shit from an anime imageboard)

>> No.11916901

>>11916812
Gold is already way way overvalued compared to the dollar. I agree that it's not a bad STORE of wealth against inflation and economic downturn, but your gold won't translate into irl value if the dollar devalues that much because something seriously fucked is going on with the supply side of the economy. I imagine a bag of potatoes will cost $60 at that point, and nobody will be interested in buying gold but simply not fucking starving.

>> No.11916912

>>11916894
they haven't.
food and houses have gone up way more than wages
in you scenario the typical wage shoud be 500,000 dollars per year

you're gonna get fucked

>> No.11916982

>>11916912
>LOTS people used to make half a million a year in today's money per year

>regurgitating retarded shit from an anime imageboard

>> No.11917017

>>11916812
I don't doubt it will be 10k at some point OP.
I just don't think it's gonna be that soon. Like maybe 10-15 years.

>> No.11917415

Purchasing power has gone way down, how many families can have one parents working with a stay at home wife and kids.

>> No.11917525

>>11917415
Sacrifice and planning. Corny cliche etc etc, ask for a promotion after provimg youself and actually learn anout the business and live as below your means as possible. You seem smart -look to other low-successful people amd find a memtor. You don’t have to buy into the gloom of a Megahalayan Plumbing Supply Dial-Up BBS.

>> No.11917530

>>11917525
Also, teach me how to spell

>> No.11917548

>>11916901
Are you fucking stupid? The entire point of owning gold is so you have wealth and money for when the dollar implodes.

You don't buy gold hoping it goes up in dollar terms like a stock. A gold ounce 900 years ago is still that same ounce of gold today. Doesn't mater if the fucking dollar exists or not

>> No.11917847

>>11917525
Lol im not talking about my personal finances. The average purchasing power of a single wage has gone down significantly mr autismo

>> No.11918125

>>11916901
This whole post...oh god...kym rn...80IQ subhuman races shouldn't be allowed to post

>> No.11918152

>>11916812
daily reminder that fungible gold on the blockchain is here right now.

Karatbit.exchange
KBC 10USD July 2019

>> No.11918753
File: 1.27 MB, 1590x1983, 3424324.png [View same] [iqdb] [saucenao] [google]
11918753

>>11916868
nice meme chart

>> No.11918774

>>11916812
In the coming reset, people won't think in those terms. They will think in ounces.

>> No.11918782

>>11916901
gold is a shit store of value nigga

>> No.11918783

>>11917525
>Sacrifice and planning.
People like you will be wiped out... for that, I am glad. Nothing puts a smile on my face than thinking of all the stupid people who called me dumb for buying silver and gold.

>> No.11918804
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11918804

>>11918782
Oh yes, I'm sure paper/digital digits is a much better store of value.

>> No.11918819

>>11918804
Mathematics>shiny rocks

>> No.11918839

>>11918819
math isn't an investment it's a tool, like crypto

>> No.11918845

>>11918819
Right, that's why every fiat paper currency other than The Dollar™ has failed.

>> No.11918852

>>11918845
what other fiat failed?
>inb4 muh zimbabwe

>> No.11918861

>>11918852
This question is a joke right?

>> No.11918873

>>11916812
welp, time to sell all my metals. You know something is going to go to shit when /biz/ tells you its going up.

>> No.11918894

>>11918852
well why don't you tell us?

>> No.11918902

>>11918894
meant for >>11918861

>> No.11918935

>>11918894
How about the Roman Empire? Weimar Rupublic? How about whatever currencies Europe used before the Euro. Literally every fiat currency in history has failed except the Dollar only because it became the world's reserve currency when it was still backed by gold.

>> No.11918964

>>11918935
Also, Venezuela bolivar and Turkish lira to name a few recent examples (within the past few years)

>> No.11918988

>>11918935
lmao bucko, fiat system was created only 50 years ago..none of those examples fit

also, an economy collapsing =/= fiat failing. If you have a shitty economy your fiat is obviously gonna crash with it, it doesn't imply it was the fiat that caused it

>> No.11919034

>>11918988
>lmao bucko, fiat system was created only 50 years ago

Imagine being this dumb. Ever heard of coin clipping that was one of the reasons for the collaps of the Roman Empire? Ever heard of what happened to paper (toilet) money during the chinese dynasties?

>> No.11919053

Follow the three Gs off investing and youll survive the next 10 years. Guns Gold Gsilver.

>> No.11919071

>>11916982

>A 17 year old kid working as construction assistant made $3/h during the 1970s
>Inflation adjusted that's $17/h in todays money
>Construction assistant

Yeah, tell me more about how you like to get cucked by the jews.

>> No.11919076

>>11918988
>fiat system was created only 50 years ago
You deserve to be broke.

>> No.11919096

>>11919034
>>11919076
hello brainlets, you are obviously confusing "representative money" with fiat, they might sound similar but are much different. True fiat existed only for less than 50 years

>> No.11919101

>>11918988
>created only 50 years ago
lmao
your average /biz/ autist, everyone. this is who you share this board with

>> No.11919107
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11919107

>>11919096

>> No.11919116

>>11916812
Sure thing Cliff. ask your webbots why they got the 2018 btc price linguistics wrong you fucking old man

>> No.11919120

>>11919096

You must be retarded if you think that somehow makes your case stronger.

>> No.11919127
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11919127

>>11919101
>>11919107
>>11919120
I like how you morons don't even have any argument to say and just sperg out or post memes lmao. stay brainlets

>> No.11919176

>>11919096
Yes, tell that to the people who eventually became known as "the Nazis".

>> No.11919198

>>11919176
>>11919127
so nobody is even gonna try to dispute me? I guess you all did a google search and found out how brainlets you were for not even knowing the definition of fiat

>> No.11919305

>>11919198
What's there to dispute? Your idiocy is self evident. Go play Fortnite or whatever it is you normally do with your time.

>> No.11919312

>>11919305
Wanna run duos with me?

>> No.11919335
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11919335

>>11919305
I like how you continue not being able to disprove me because you are too ignorant about the subject to even make an argument. Come back when you have an actual argument kiddo

>> No.11919365

>>11919335
I hope to wake up one day and come to find that every banker has been hung and wall street in flames. I also hope it means you're broke.

>> No.11919369

>>11919305
>>11919335
Squads?

>> No.11919386
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11919386

>>11919365
the more you sperg out instead of trying to make an argument to disprove me the more you prove you are a complete brainlet that is completely ignorant about the subject and you are just preconditioned to disagree with me anyway

>> No.11919390

>>11918753
>not accounting for the excess printing of the currency

nice not an argument, Mark.

>> No.11919395

>>11919390
>doesn't know the definition of inflation

>> No.11919397

>>11919386
You're the one who is ignorant. Who's going to take all those paper dollars when it's worthless and you can't even wipe your ass with it?

>> No.11919413
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11919413

>>11919397
you made 4 posts so far, and you didn't even try to make a single argument to disprove me.
Let me guess, you are too smart to make an argument? but you still have time to make 4 posts of edgy ad hominems? just admit you are a brainlet buddy, stop embarrassing yourself

>> No.11919425

>>11919053
Guns Gold(andSilver) Grub Ground God

>> No.11919438

>>11919413
You literally are arguing that the Mark wasn't a fiat currency and that the Wiemar Republic wasn't living under a fiat currency. I can only conclude that you are a Jew, and a dumb one at that. You aren't worth arguing because the Jew only knows how to lie and twist words.

>> No.11919465

>>11919438
fiat was never implemented as a system, that was a temporal removal of the gold standard to pay for the war. It was more of an experiment of fiat and not actual fiat. German Weimar had no gold to pay for its debts, they were bankrupt before removing the standard, their fake fiat was just a failed attempt not an actual implementation of fiat like we have now

>> No.11920251
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11920251

Daily minder.

>> No.11920507

>>11920251
Stocks and treasury are both directly tied to the dollar, the dollar declines and everyone flocks to gold.

>> No.11920548

>>11920251
That chart shows me that gold crushes volatility in a portfolio....

>> No.11920576

>>11920251

That chart looks really bad for stocks and extremely good for gold. That is, if you're only looking at 1990 ->

>> No.11920628

>>11919127

Would you like to be in Bolivar right now? There is a textbook example of what will happen to every FIAT out there.

Also, funny how you believe that a worse system is going to somehow succeed (Even though we have evidence to the contrary) when any former system that has tried to move towards that worse system (coin clipping, money printing) has failed.

It must be nice to be a brainlet. Not much can hurt you if you're too dumb to understand it.

>> No.11920638

>>11919465
>fiat was never implemented as a system, that was a temporal removal of the gold standard to pay for the war. It was more of an experiment of fiat and not actual fiat. German Weimar had no gold to pay for its debts, they were bankrupt before removing the standard, their fake fiat was just a failed attempt not an actual implementation of fiat like we have now

This coping is hilarious

>A textbook example of FIAT failed hilariously and exactly for the reasons every FIAT system will eventually fail
>MUHHHH NOT REAL GOMMUNISM, NOT REAL FIAAAT

>> No.11920647

>>11916812
>reset

i bet you're one of those fags who bought zim and dinar

stupid retard

when the economy resets nothing is going up in value, we'll just immediately transition to a cashless digital society, everyone will be given some numbers on a screen, told it has value (even though it doesn't), and everyone will accept it or everything will implode, simple as that

there is no "reset". it's just a "reordering" where the poor have everything taken away from them and given imaginary numbers while the rich get away with everything like they always have. they'll start some dumb world war to keep up occupied and away from them.