In a cashless society, what happens to precious metals?
We exchange precious metals as an alternative proxy for value. Or, currency.
Cashless society will never happen. Literally anyone can issue currency.
why are these metals precious again?
gold is now tacky and cringe
iron is no longer needed to make swords and armor
Gold as a currency is fucking useless, it's only value is it's industrial uses.
>Muh used as currency before.
Yeah because people were fucking retraded back then.
When the world goes tits up you can't eat gold.
>why are these metals precious again?
limited resource that cannot be created
metals will always have a value because the only way to inflate the supply of them is to mine other planets
Precious metals sky rocket in value. Everything is computerized these days and gold/silver make up computers.
The government takes rightful possession.
Gold has reached it's limit for it's efficiency in computers it will be replaced in our life time.
>iron is no longer needed to make swords and armor
not investing in old car tires,,
and one ww3 later you can dominate the local wasteland armor markets
Seeds. VERTICAL AEROPONIC APPLIANCES for the winning
>Precious metals sky rocket in value
They even tanked with covid shut down, not a good look for SHTF
Silver is literally half the price during shutdown than is was 10 yrs ago
Same thing that happens now with any commodity? People collect trinkets as much as they like.
You can't synthesize Au, Ag, or anything else for that matter outside of this poor excuse of a golden age until tesla tech rises from ashes
Gold is higher now than it was in February, silver has a far greater portion of market demand towards industrial usage, but is still very likely to rebound to much higher values if past market crashes are looked as models for prediction.
While now in Soviet Russia the millions are ruined and are dying, Chicherin - and with
him a staff of over 200 Soviet Jews - travels by express train through Europe, visits the
cabarets, watches naked dancers perform for his pleasure, lives in the finest hotels, and does
himself better than the millions whom once you thought you must fight as 'bourgeois.' The
400 Soviet Commissars of Jewish nationality - they do not suffer; the thousands upon
thousands of sub-Commissars -they do not suffer. No! all the treasures which the 'proletarian'
in his madness took from the 'bourgeoisie' in order to fight so-called capitalism - they have all
gone into their hands. Once the worker appropriated the purse of the landed proprietor who
gave him work, he took the rings, the diamonds and rejoiced that he had now got the treasures
which before only the 'bourgeoisie' possessed. But in his hands they are dead things - they are
veritable death-gold. They are no profit to him. He is banished into his wilderness and one
cannot feed oneself on diamonds. For a morsel of bread he gives millions in objects of value.
But the bread is in the hands of the State Central Organization and this is in the hands of the
Jews: so everything, everything that the common man thought that he was winning for
himself, flows back again to his seducers.
That shit looks like it will do the job and protect. Chances are it is bullet proof too, smaller and medium cal.
id rather have 10 ounces of gold than $18k right now
with the 10 ounces, I will still have it in 10 years time... who knows what 18k will buy by then...
Gold near the all time high, and silver is down during a depression which is exactly what silver did during the last depression.
Learn a little history instead of posting nonsense.
Presumably you would have made investments and collected interest on it. Inert metal tends not to do the same, so hopefully you'd get the CPI increase matched at least.
They stop being a reserve currency and get dumped on the market, making gold so cheap only poor people wear it?
richfags will still buy
Ew
I would have invested it yes,
but that's why I say id rather have the gold than 18k...
I already have gold, cash and stock investments.... I wouldn't want the 18k more cash or investments right now, I would want the gold
I have a suspicion it will go to 5k within a few years, and if it doesn't.... then I still have it. and I don't care
They are only as valuable as people decide them to be, you cannot eat them if your starving.
They get made into bullets.
Turn them into dildos and buttplugs and stuff them up your asshole
Stock market tanked hard. Did you even know that?
It's easy to lose your entire fortune in the stock market and many rich men lost everything in the 1930s. (Gold never lost its value, but governments/banks like to steal it)
Tell me when in the last 5,000 years gold has "tanked" or that poor people could afford gold?
BTW gold is near the all time highs right now.
People decide them to be valuable based on their rarity and unobtainability, not arbitrarily like with paper money.
>Gold near the all time high
fucking KEK
you kids really need to get out more, no better today than 10 yrs ago
They can mine as much gold as it is cost effective
There is no end to it
I'm not selling Mr Shekleberg.
>Not knowing what a short is
So you're the fool who is easily parted with his money.
They become one of the means of exchange for the black market.
that´s what they do user
The FED hoards it so why not do the same.
>The FED hoards it
Are you sure about that?
They get rightfully absorbed into our diet.
states will create their own sovereign cash
Daily reminder paper currency was a mistake, you should not be allowed to create currency out of thin air. The finiteness of physical currency also forces economic sociopaths to ease up on prices. With fiat currency you get ridiculous shit like stuff causing billions of dollars.
>you should not be allowed to create currency out of thin air.
Production and GDP isn't "thin air", idiot.
.22lr will pen car tires
Me : Gold is near the all time high.
You: Yes, Gold is near the all time high.
Thanks I guess.Ten years is really nothing in the history of gold. A mere moment.
Disclaimer-- Bitcoin raped gold and every other investment.
shiny boomer rocks will get seized by the FED, that's what happened in 1933.
Paper currency is the natural result of the creation of banks and concepts like debt.
Keynes, is that you?
>implying Shekelberg would want to buy back his gold coated wolfram
Nice cat.
Metals are useful in the tech required to become a cashless society in the first place. Also to become interstellar.
Shorting is great, but I don't have the nerves for it, so my physical gold hedges my DOW position.
The mint is creating money out of thin air, money that didnt exist until the (((FED))) decided it should exist. Its like if literally every leaf on this rock was currency, oh ran out of leaves? Let pick some more at interest then watch that inflation slowly destroy your nation.
I would like to live in a society were everything is free but you have to gain enough social credits to unlock things
>Production and GDP isn't "thin air"
How the government pulls $2 trillion coronavirus stimulus money out of thin air
chicagotribune.com
Ben Bernanke said the FED holds gold as a form of reserves.
Do we even have any gold left in the US or did the Shekelsapiens stash that in Israel?
The purpose of a cashless society is to allow the elites to create money without personal consequences.
Precious metals in this environment will tend to appreciate as credit tends to zero.
Sell that shit to niggers, they'll still like shiny stuff.
wen new Hitler sir I cri evrytiem
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