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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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12148397 No.12148397 [Reply] [Original]

When you buy gold with worthless fiat... you aren't really buying gold. All you are doing is transferring your wealth from worthless paper that will hyper-inflate into a real store of value and real savings.

The muh high IQ anti gold biznessmen on this board are in reality stupider than Madagascaran niggers who dig up their dead relatives once a year to dance with them.

>> No.12148439

The dollar value of gold is IRRELEVANT. It was GOLD that gave value to the dollar. So why in the fuck would you be valuing gold in terms of debt note dollars?

You are literally throwing your money in crypto because it is impossible to make it anymore unironically because gold doesn't back the dollar anymore.

There is no problem with gold. There is only a problem with fiat. That's why you buy shitcoins.

Under a gold standard you could drive retarded kids to grammar school on a bus and still easily have 3-4 kids with the wife at home taking care of them.

Those 10% boomer returns that you laugh at were in reality closer to 50-100% returns in crypto because under a gold standard prices are cheap as fuck. And today prices are skyrocketing.

>> No.12148728

Bamp you faggots

>> No.12148762
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12148762

>stupider

>> No.12148785
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12148785

>>12148397
>high IQ
>/biz/

>> No.12148789

>prices used to be low.
>now they're high!

So the gold standard itself was really just another scam invented by the baby boomers of the dark ages to ruin their peasant minions' lives? Because prices used to be even cheaper. Can you imagine paying 50 seashells for a bag of corn? That's way cheaper than a shilling.

>> No.12148811

>>12148397
Gold was Fiat before we had Fiat.
If you think regression is the answer, you're quiet literally retarded.
It's only value in today's economy is somehow transgressing today's central bank owned Fiat currencies but being so retroactive, they don't take it manipulating it's value seriously.

Tldr read some Foucault to find the real source of value

>> No.12148839

>>12148785
Thy claim to be high IQ. And to be honest.... some of them are intelligent cu they understand all this tech bullshit but then they are stupid because they don't understand gold is real savings

It's like a black persons in the NFL sounding intelligent when he's talking about a certain play that he can break down intelligently.... but then he doesn't know how to read a paragraph in a book.

>> No.12148851

METAL DETECTORS AT EVERY AIRPORT.
CHECKMATE GOLDBUGS.

>> No.12148859

>>12148811
Yeah but when gold was currency it never lost value!

The dollar used to be convertible at us banks into gold. The dollar represented gold you fucking moron

>> No.12148875
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12148875

>>12148811
Read these you uneducated nigger.

The entire reason the American revolution happened is because England tried to force the American colonies to use paper

>> No.12149123

I can't wait for the limited supply of gold on the planet to be ferried between nations on battleships when they need to pay for international trade. The future of commerce.