Invest in gold bro

Im not selling my shiny blocks in an apocalypse type situation

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you think people will buy your shiny rocks during the apocalypse? bloody hell not even edible

You don't understand the magic of golden liberty tiddy.

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>bloody hell not even edible
Funny how the inedibility of stocks, bonds, cash, crypto and other paper and electronic financial assets never seems to be a problem. My dog is not a fire extinguisher, my favorite armchair is not an airplane and a hamburger is not a telephone. Are all those things therefore useless, merely because they are not something else?

what now faggot

>currency only exists when it's fiat

You are correct but only with shirt thinking. If there is a doomsday scenario you are right people will not want gold but only for a while. Once people are comfortable enough to start building economies again gold will be invaluable if a doomsday scenario were the case.

they have actual values and purposes, stocks for instance are real companies, you can forecast their future based on their balance sheets etc

gold is a speculative investment, so is btc
fake money, fake assets

Gold is down after a 5 year high? Damn better panic and make shitposts on Yas Forums like all the ADHD riddled teenagers here don't trade or invest anything and just larp.

bitcoin

>If you just bought an ounce of gold every month regardless of price since the year 2000 you would've out performed every other asset in the world except for bitcoin during its mania phase

Imagine being this fucking dumb.

It's pointless to invest in gold. They won't make ''golden standard'' soon... and it could go to 10k only if gold standard would be implemented

yeah imagine. haha.

gold standards will never be implemented, anyone with basic economics and history knowledge should know this

every country would love to maintain their power, influence over their currency without any backings, it has worked for decades it will continue to work for decades to come because most people aren't like you or most on the board they don't care

how has outperformed stocks and bonds? Is this a wrong pic?

>they have actual values and purposes
Gold has an actual value. Do you think the spot price is just a joke everyone is playing on you? Gold not only has use value for jewelry, industry, aerospace, electronics, dentistry, etc., it is history's best money. You could speculate on gold if you'd like, but you can insure against currency collapse, invest, save purchasing power better than any savings account. All in a asset with no counterparty risk.

What makes a stock more easily forecasted? Why couldn't you forecast with gold? Since closing the gold window in 1971, gold has an annual compounded return of 8.3%, no speculation needed.

why don't you do some math and figure it out yourself. or you can keep believing that stocks only go up and beat everything.

Gold not only performed better overall, but outperforms during downturns.

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>worked for decades it will continue to work for decades to come

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all the crypto cucks will say bitcoin, which is technically true
But most people here are down on their initial investment, as they joined in 2017/bought near the top in June 2019 ( very obvious due to amount of biz posts increasing at these times)
Gold has beaten the SP500 since 2000 including dividends

>invest in gold
always do the opposite of what boomers do