>Buh, but been used as currency for thousands of years Is it being used like that now? When was the last time you tried to make a purchase using a gold coin, or a gold earring? No no. I'll wait >But the money we all use is backed by gold Is it though? Really? Have you tried taking your money to a local bank and exchanging it for gold? Give it a go, let me know how that works out for you. >But it's used in electronics Yeah. In minuscule amounts maybe. And so what about that? Silver is a better vessel as it relates to electric conductivity, but silver slightly tarnishes whereas gold does not. That's the only reason. >But you can buy stock in Gold on the NYSE Is it real? Can you really buy it? And lets say you did, and you saw that the market was about to crash, what if you wanted to exchange your stock in gold for actual gold? Would you get it?
>But you can use it to barter in a SHTF scenario Good luck with that user. I for one am not trading you my - Ammo, Weapons, Knives, Food, Medicine, Alcohol, Coffee, Tobacco, Water or Supplies for your goofy stupid shiny (nigger tier) rock.
Holds it's value... Explain that. Why does it have value at all? Where does it's value come from?
And if you say it's valuable and it holds it's value quite well, and then try to use it trade or barter with me, and I don't give you shit for your rock, has it still held it's value well?
it comes from the basis of labour required to extract it out of ore and smelting it down. it's a benchmark of the original monetary system
Henry Adams
This. I can see some idiot like (tyrone or jamal) trying to justify buying shiny gold from a store, at least I can understand that. But imagine being such a smooth brain that you actually invest in >Gold Stock fucking hell.
Evan Powell
That doesn't mean jack shit alot of shit is labor intensive yet isn't nearly as valuable. The value of gold bitcoin and any other commidity is what are people willing to exchange for it.
Nobody would wants your shiny rocks when bitcoin and cryptos make it infinite easier to exchange value. The world has always moved toward that which provides us with the most convience. If you don't understand this simple concept you deserve to stay poor.
Xavier Brown
>It's a benchmark of the original monetary system YET has not been used for as long as I can remember as it relates to any type of transaction.
You say it's the benchmark of this and that, perhaps in theory. But.... Have you tried using a gold earring or ring to pay for groceries at the market? I challenge you, go ahead, give it a go. Let me know how long it takes before they either ask you to leave, or call the police for causing a disturbance or disruption.
Zachary Lopez
This. By that logic a Stone Mason or Bricklayer should be a millionaire by the end of the month.
How is fiat more portable than gold? 1oz of $20 is less than $600. 1oz in gold is over $1.5k
Brayden Cooper
It's scarce and pretty and agreed upon as valuable. Thats all a currency is unless you want to barter with Nintendos
James Rogers
Lol who the fuck carries cash on hand nowadays. besides boomers and schizos All that shit is digital in a bank. Crypto is just an evolution of fiat we already use everyday Why keep your money in the bank we you can take total control of your finance.
Parker Hall
wrong, gold is an actual resource the whole wallstreet is a literal meme, and the whole stock market look up how much gold really exist and how much gold is fictional and it's not just the gold but everything, jews run worlds economy also gold's price went up since the covid19 started, you can't buy it anywhere unless the price is significantly higher, companies stopped producing gold bullions
Wyatt Lopez
Another useless opinion from someone who knows nothing about investing
Okay so what i'm trying to say here is, gold is the foundation of currency. before countries started using global banking systems, gold was used as a measurement of value. This is exactly what notes and coins are but they are used to represent a commodity such as gold. It's a measurement of value universally agreed upon due to the efforts required to obtain it.
Noah Cox
It takes me a lot of effort to dig up mud from the bottom of the ocean, that doesn't mean anyone wants a bag of mud for a bag of rice.
Noah Clark
>1oz in Gold is over $1.5k That's exactly why
So what, are you supposed to walk around with a Scalpel and a precision scale and shave off trimmings until you reach the agreed upon amount of Gold dust? And what guarantee do you have that someone will even be willing to trade you their precious resources for your gold dust or rock? What makes you think someone would trade you something as precious and important as Antibiotics for a vial of gold dust or a gold nugget? The gold dust will do NOTHING FOR THEM, it will literally sit there. And even if they trade you for your nugget or gold shavings, they have no guarantee that the next person they might need to trade with will be willing to trade for it.
Xavier Hall
yeah but you see, nothing is as unique as gold as a resource, anyone can get mud.
Brandon Sanders
>It's scarce
Scarcy Doesn't equal value It's a combination of factors
>It's pretty
So what Man has always had an obession with shiny rocks. What makes gold valuable in the past won't make it valuable in the future. It's all about convience It's why Most people who aren't Schizo or a boomer don't use physical cash anymore instead prefer to use a card.
>Agreed upon as valuable
I bet more merchants accept my bitcoin than your gold you fucking Kike
Have fun getting your cashed seized electronically for wrongthink
Jace Richardson
So how long will the medicine hold its value? Will that food, or oil last forever without going bad?
Elijah Garcia
Correct, it's an actual resource. But all of OP's statements are still true. Nobody is going to give you a goddamn thing for a shiny rock. Which means it's a meme just like they said. You might as well be hoarding wompum beads.
Liam Cox
Things change you fucking kike no one gives a shit about gold as a currency. You certainly can't transact with it without resorting to a paper prozy and even then you have to assume that it's being honestly backed.
Wyatt Ross
Gold is an easy sell though and there are always buyers looking to take it from you, same with the other precious metals. Yeah in the grand scheme of things it is worthless unless someone gives it worth(and they do) but then the same could be said of literally everything.
Julian Garcia
Gold and silver have to be mined and processed into either coins or bars. Because of this the money supply in a metallic based economy could not grow at a fast rate. Unbacked paper currency however is borrowed into existence and can be (almost) theoretically infinite.
Hey, Mr. Steinburg, I see things are getting kind of crazy, I thought I would like to go on ahead and just request my actual Gold now before things get worse.
>Oye vey goyim, I'm sorry but it seems our servers are down and oh, what's this, it looks like we will be unable to mail you your physical gold, oopsies, sorry, gotta go goyim
But... Buh... You promised I could request my physical gold at any time.. I ... bu.....buh... buh muh gold....
>Thanks for the money goys
Nathaniel Bailey
Agree to disagree
Levi Mitchell
Prove it
Kayden Cooper
I keep all my wealth in Crypto Ain't no god goverment or 3 letter nigger run agency can take my crypto.
Crypto literally is the only way to fund all the right wing dissedents.
the economy changes, yes. so does the value placed on gold depending on how strong that countries economy is. you don't use gold for retail purchases, that'd be a brainlet thing to do. You will get this exchanged into notes and coins at a bank. now in a shit hit the fan scenario, your bitcoin isn't gonna work that's for sure hahaha. you're gonna need something of equal value to barter with someone fairly, but in a shtf scenario, there is no proper established bartering system so there wouldn't be anything universally agreed on. bitcoin would never hold its value if shit did hit the fan.
Hunter Richardson
>D-don't buy gold! Wait for (((us))) to buy it all up and THEN buy it from us when the price skyrockets! Get yourself some gold boots and walk into the river.
Caleb Richardson
I'm not denying that Antibiotics will eventually expire, and I'm not denying that food will eventually rot as well. The point that I'm trying to make, is that until that Antibiotics is no good, and until that food rots, many people, including myself will not trade you such rare and precious resources for an item that will do nothing for me.
Mason Sanders
The thing is I have a degree in finance and work in private equities. I come here and post from my phone but whenever I try to give sound advice nobody wants to accept it and rather ramble on about nonsense Whatever do what you want put your money in crypto and risky assets
> Inb4 lost all my money thread
Lucas Moore
KEK >Wompum Beads
Joshua Cooper
Meant to reply to
Caleb Roberts
So you admit Gold is literally no different than any other speculative asset.
Past experiences don't actually predict future outcomes. You can hold your shiny rocks all your want I/m going with logic. and I have a feeling more people will want a currency that is truly soveriegn not backed by any country uncensorable programmable with a fixed supply that can't be altered.
Hunter Jenkins
Fuck Using a bank you fucking Hooknosed kike vermin off yourself right fucking now.
I see through your fucking schmes kike. Hitlers should've gassed your rats when he had the chance. His greatest mistake was not lieterally holocausting you rodents when he had the chance.
jesus fucking christ, take your meds cunt. Why am i sitting here explaining this to some uneducated mutt?
Brody Baker
>Hurr Hurr Hurr I have a degee in ginance and work in private equities.
Just means your a jewish dicksucker that is all I have no doubt gold and silver will increase significantly. Crypto 100% has alot more upsides to it that is all.
You invest in your shiny rocks I'll invest in crypto Let's see who is better off a few years from now.
Yes, also your second point doesn't work. Fiat currency replaced the barter system, my 2 cows for 10 goats was determined only on what both parties agreed was their worth. Now everything depends on imaginary numbers (stock) and then worth is determined depending on it. There is nothing that can be used in fixed supply that can viably be used as a currency, let alone one that would be recognized world wide.
Carter Thomas
Your a fucking hooknosed rat who needs to hcoke on some zyklon. Rat
Off yourself kikenigger. What did you expect from Yas Forums
Your a fucking brainlet who has a hard time understanding Normies are literally to fucking stupid to ever use your shiny rocks as a currency. All that matters is convience and Cryptocurrencies are more convienct and possess properties that make them useful as an actually currency used for day to day transactions
Gold is the currency of kings. Food is the currency of slaves.
Adrian Diaz
I never said anything about crypto not being the next big evolutionary step to the fiat currency, just it is an extension of it and it's value depends on what people want it to be. Also it is not fixed dummy. Cash, precious metals, crypto and stock are all tied together LMAO.
Dylan Wright
Gold has for all of human time held value. The single biggest factor for the debt stricken and fucked economy we have today is the abolishment of gold standard.
Trade your gold for brass, lead, and sulfur. Become an aryan, leave the jews behind
Wyatt Russell
this. sven is smart. not before all you faggots die off from corona virus >muh economy
Robert Richardson
fuck off roo, gold is inherently worthless. the economy should be labour-based, not something that can be easily (((speculated)))
Joshua Nelson
under the gold standard, it was labour-based.
Austin Cook
funny how the description of heaven has gold streets and jewels and everyone craps themselves about it. gold is used like gravel and precious stones as common building materials. maybe there's something more worthwhile than shiny objects? something to do with divine purpose? just a thought from a crippled up old working man.
