The gold standard

Your problem is you've been brainwashed by the Jew and shitty American commi public schools

And you don't realize that gold is real savings.

GOLD IS SAVINGS. That's what you low IQ niggers don't understand. Actually niggers in Africa starving with no formal education even understand gold is money and savings

Gold is dead. Business process is the king of value. Everything else loses value over time or cost money to keep.

>gold is dead
>8 trillion market cap

Here come the goldbugs the second most delusional kids next to linkies

>GOLD IS SAVINGS
What about gold makes it so? Because gold is not savings on its own, it's a "bigger fool" scheme where it only retains value because people believe that it should retain value. There's nothing about gold that backs this value.

Past performance does not imply that it should, or will, remain so in the future.

Your fucking stupid and you were educated by shit public schools. You think muh college degree makes you special.... when literally everyone and their mom goes to college and actual black people are easily able to graduate from college.

You were never taught how to think.

In your BS economics glass they never even taught you or me that gold is money.

You can go to the Bible and read a passage saying that 2,500 years ago a gold ounce bought you 350 loves of bread..... today if you take that same gold ounce from 2,500 years ago to a coin shop you'd get $1,300 bucks for it in fiat. And that $1,300 still buys you just about 350 loaves of bread at safeway 2,500 years later.

The reason gold has been money for milennia is because it's real savingsz moreover... governments de-monetized gold decades before bitcoin was ever created.... yet it still $1,300 per ounce.

If your braindead nigger ass can't figure that even if the entire world put all their money into bitcoin tomorrow that gold would still be as valuable tomorrow as it was 2,500 years ago then you are a fucking retard who needs to start fucking using your brain

It's a fucking rare earth metal you stupid ass motherfucker. Those Pepe the frogs you see all over Jow Forums aren't real actual fucking frogs. You understand that right?

Jesus Christ. A fucking stock of Amazon is valuable but it doesn't mean its fucking money or savings.

You stupid pajeets don't fucking understand that if you earned a silver dime in 1964 you could buy a gallon of gas. If you held that silver dime until today and take it to a coin shop... you'll get about $2.50 for it.... which still equals a fucking gallon of gas.

You worked for 15 mins in 1964 and got paid a silver dime. And your wealth was preserved for almost 60 years.

How fucking stupid are you people that you can't understand something this fucking simple?

It doesn't retain value because people believe it retains value. It retains value because it's fucking actual real tangible physical wealth and stored economic energy.

If all that's needed is a belief that it has value then why the fuck is the dollar failing and lost 98% of its purchasing power?

while gold has been demonetized and still as valuable today as it was 50 500 and 5000 years ago

You assholes don't even understand that a gold standard means low prices!

You could drive a bus 60 years ago and have multiple children with the wife staying at home.

You guys laugh at 10% stock boomer returns... well when prices were cheap as fuck 10% returns were like 100-% returns in crypto today.

You can't fucking make it today because cost of living is skyrocketing because we aren't on a gold standard anymore. Your fleeing to crypto because the dollar has no backing. And you can't make it otherwise

Yes, your wealth is preserved but it never grows. Which is a massive waste.

Gold is dead

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How fucking retarded are you?

All moneys are only worth what someone will pay for them or the good and services you can buy for them.

Gold doesn't have HERP DERP the same value. The value of gold changes constantly the same as any other commodity or asset you stupid faggot.

Read Money Mischief by Milton Friedman or KYS either or.

The value of gold and silver where artifically pegged by the governments who used them as a reserve for their currency. That's the only reason their value was ever constant.

> the dollar has no backing

Other than a country that is ready to start wars because of it you mean?

>Your fucking stupid
pic related

Your only argument has been so far that gold was always considered valuable. And then you extrapolate that it will therefore always be considered valuable. There's no basis for that argument other than historical data. There's nothing intrinsic in gold that supports its value.

>gold
>rare earth metal
You failed chemistry, didn't you? Gold is a transition metal, not a rare earth metal.

Gold isn't even particularly rare, there's plenty of other metals or elements that are rarer. It's not particularly difficult to extract, there's plenty of other metals or elements that are more difficult to extract. It's just that it's a very pretty metal and people though "hey this is pretty, that's probably valuable".

>If all that's needed is a belief that it has value then why the fuck is the dollar failing and lost 98% of its purchasing power?
Because nobody believes in its value long-term. Do you? Thank you for proving my point.

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Bro.... I'm not saying you can't invest your fiat you dope.

The POINT is... WHY does my dollar that I earned 40 years ago worth MUCH less today than it was 40 years ago???

What is happening???

Why can't I earn a dollar in 1950..... and it buys me the same amount of goods in 1950 as in 2018???

Why is the dollar being destroyed and for what purpose? Because your savings is being confiscated that's why. Your earning a dollar and they are stealing your wealth.... under a gold standard your money doesn't get stolen.

The point is you shouldn't be forced to invest in a rigged stock market to try and keep pace with inflation.

Do you fucking understand what I'm saying now?

Like I said..... you can read a bible passage saying that 2,500 years ago a gold ounce bought you 350 loves of bread. Look it up.

Today that same gold coin buys you roughly 350 loves of bread in the year 2018.

100 years ago a gold ounce equaled 20$. A good weekly salary 100 years ago was 20$.

Today that gold ounce worth $1,300 in fiat STILL equals a weekly salary.

What in the fuck can't your grasp about this?

The dollar value of gold doesn't mean shit. Did gold all of a sudden become valuable when America was born and the dollar was created? No... it didn't you stupid nigger. So why the fuck would you be valuing gold (real money) in terms of worthless paper dollars?

>What in the fuck can't your grasp about this?
Again, all you present for your point is historical data, but no reason why it should remain so in the future. You're just guessing and hoping. The fundamentals of gold indicate a price below copper, anything above that is just hype. Very consistent, long-lasting hype bordering on delusion or brainwashing, but really just hype in the end.

My only argument is that gold was always considered valuable?

It's still considered valuable today you dumbass! Because it's real money despite what the Jew kike govt says, and demonetizing it.

Gold hasn't been circulated as money for decades yet it's still 1,300$/oz

They tried to prevent Americans from owning it. Why? Why was gold illegal for 40 years? Because they wanted to brainwash plebbit tier IQ people like you to trust their fiat currency so they could steal all your wealth through inflation.
"In the absence of a gold standard there is no way to protect savings from confiscation through inflation - there is no safe store of value." - Alan Greenspan (1966)

Dude...gold and silver are rare earth elements. You think because fucking bitcoin cash was created some internet funny money that gold and silver will become worthless? Is that what your plebbit tier IQ actually truly believes?

Crypto is LITERALLY marketed as the "new gold." But you think gold will become worthless? Fucking real tangible wealth will become worthless? Real frogs won't be frogs anymore because Pepe the frog memes exist in the internet?

You people literally should be executed that's how fucking dumb you. I find it fascinating how you morons can't understand something so fucking basic.

The problem isn't with gold you morons. The problem is with FIAT! And your literally throwing your money at shitcoins to make it because you can't make it anymore unironically because gold doesn't back the currency anymore!

You people are so fucking stupid it hurts.

Yes, you keep repeating yourself like a broken record. But you still can't answer the question WHY you think it is valuable. You need to answer this to disprove my assertion that it is valuable because people believe it to be valuable, which is consistent with the historical data you keep repeating every time you post.

It was, and is, valuable only because people believe it to be valuable. That means as soon as people stop believing this hype and find something better to replace gold, its value will drop below that of copper.

It's just hype? Fucking 5,000 years as money is just hype?

It's almost as if you think life didn't exist before you were born.

Go to any pajeet country full of stinky Indians and Asians and they ALL know and ALL understand gold is money.

The fucking word for money in many foreign languages is literally the word silver.

>Dude...gold and silver are rare earth elements.
No, they're transition metals. Rare earth elements is a different category. Neither are they particularly rare metals.

>Crypto is LITERALLY marketed as the "new gold."
I don't care about crypto, stop trying to change the subject.
>You people literally should be executed that's how fucking dumb you.
At least I can construct full sentences. But thanks for proving again that ad hominem is the only thing left in your arsenal.
>The problem isn't with gold you morons. The problem is with FIAT!
Again trying to change the subject. Fiat being shit doesn't imply that gold should have high value.

Because it's a rare earth metal you clown. Gold has all the properties that money HAS to be.

You cryptofucktards literally cite bitcoin being money for the reasons gold is money.... divisible, fungible, rare, unit of account, anonymous.........

....... except for one big fat important detail....... bitcoins aren't fucking real and gold is.

There are no ad hominems in literally typing multiple paragraphs in each post spoonfeeding you why gold is money backed up by evidence. Just because I call you fucking idiots for not understanding doesn't mean I'm just fucking ad hominem attacking you

I'm not changing the subject at all. It's fiat that's losing value not gold.

What's your issue with the gold standard? You realize there was no such thing as "income inequality" 50 years ago when in a gold standard, right?

Yet now that we aren't on a gold standard "income inequality" is a top 3 issue.

And you don't see the connection?

So basically your issue is...... I don't like gold for whatever retarded reason, even tho it serves as a basis of value for milennia, and has never had a problem serving as a basis of value for milennia.... but you just don't like it so like let's get rid of it even tho it has doesn't it's job beautifully for hundreds and thousands of years

Pretty much this.

The fact that you're forced into investing in equity to gain value and to stave off inflation is a ploy to artificially prop up the economy, and it's why we have boom bust cycles. By buying gold (or bitcoin "digital gold") you're ensuring that in 10 years you won't suffer that 3% inflation a year and also you're protected from the whims of the market. The entire fucking US government could collapse and in 50 years when the world somewhat restabilizes your gold/btc will still be valuable, while your Amazon stock or US dollars won't be.,

>Gold has all the properties that money HAS to be.
It is not easily divisible. It heavy and bulky and therefore difficult to safeguard and secure (why do you think nobody uses gold coins anymore?). It is easy to fake and cut for instance with tungsten, making it worthless unless you have a paper certificate to prove that it's genuine or an expensive mass spectrometer, so as soon as you pay for something with part of your gold bar you can no longer prove that it's genuine. Neither can you check if the change you're getting is actually real gold.

It's literally one of the worst items to use as money.

You keep thinking that I don't understand your point. I understand it fine. I just don't think it proves anything you want to prove, because my arguments aren't just based in hype.

>there was no income inequality in before the debackening of fiat from gold

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>I'm not changing the subject at all. It's fiat that's losing value not gold.
No argument here. Gold isn't losing value and hasn't been. But that value isn't a property of the gold and there's nothing that would stop its value from dropping should people stop believing in it.

>What's your issue with the gold standard? You realize there was no such thing as "income inequality" 50 years ago when in a gold standard, right?
My issue with a gold standard is that gold shouldn't be the basis of a currency because its value is inflated. That doesn't mean an unbacked fiat system is fine. It's not.

What's your alternative then?

Cause you get 30 grams per tonne of rock in the richest mines in the world, if youre lucky.

I agree with your general ideas 18 year old goldbugs but gold is going sub 500 I’ll buy it off you then when you puke at the bottom

it was never going to last

Dollar value of gold does not matter.

I own a lot of gold and I HOPE that gold goes down to $300-$500/oz

You know why? Because that means our govt isn't out of control anymore printing and spending fake money.

Moreover.... if gold does down to 500$ that means prices will go down too... because the economy will be sound. So in real terms you don't even lose with gold going down to 500$/oz

Seems to be you guys don't even understand the entire point of buying gold in the first place. It's to protect your wealth.... not sell it to get back increasingly worthless fiat.

You value gold in relation to other real assets. When the fiat crisis hits and we have a deflationary collapse.... then maybe 5 ounces of gold buys you a home... which only cost you 15k to get in the fiat paradigm.

Gold and especially silver is way undervalued compared to other real assets. That's why you buy gold. And then unload it for real assets when the pendulum swings

I don't have one. It's definitely not crypto as it exists today, although I believe that's a step in the right direction. But the replacement will probably be invented in no more than a few decades, and when governments buy into it and sell their gold you can bet your ass that gold will be pretty worthless afterwards, until industrial and medical use catches up with the worldwide gold production.

Quite honestly I think that an economy that requires something like gold to back it is fundamentally broken and needs to be improved. The gold standard doesn't work. The fiat system doesn't work. There's got to be something that does work.

There's other metals where you get even less. That's not a point in favor of gold, really. It's rare, but not THAT rare.

You buy gold when your govt is out of control and running up insane feels of debt. Dollar value does not matter.

If the dollar dissapeared from planet earth tomorrow. Im comfy because my gold is unaffected.

The point is there doesn't need to be a replacement it works perfectly. Your literally trying to find a replacement for water.

A gold ounce buys you the same amount of shit today as it did 100 years ago and 2500 years ago.

Reread this: the primary function of money is to value goods. Money MEASURES value. And my evidence above proves gold is the ultimate measure of value.

And yes..... gold is rare but not that rare. And that works in its favor. Being rare is just one characteristic that money has to be. If 98% of the gold that currently exists didn't exist... then gold wouldn't have been money for thousands of years.

It's rare but not too rare