We have RISING prices. Cost of living is SKYROCKETING. That is literally the only issue. Rising prices means a more worthless dollar.
When the dollar was as good as gold under a gold standard we had cheap prices. A min wage earner in 1964 making $1.25/hour had twice the purchasing power as someone making min wage today. Because if you take those 5 silver quarters to a coin shop today you'll get about 18$ for them. So a min wage earner in 1964 had the purchasing power of someone making 18$/hour today.
This board is full of NEETS throwing their money in shitcoins otherwise you can't make it because the dollar is dying unironically because gold doesn't back the dollar anymore.
>this board is neets throwing their money in shitcoins Go rant on plebbit
Henry Powell
In 1981 100k went a lot further than it does today. So because we don't have a gold standard EVERYONE. Becomes poorer. Min wage earners.... those making 50k .... those making 100k and even millionaires are poorer today than in 1981
Jaxson Ortiz
>the dollar is dying unironically because of your stupid president pretty much sorry!
David Martinez
This is pretty much the kind of thread I expect from a faggot gold bug
And what happens on a currency crisis? What happens to all your overinflated dollar denominated assets and stocks?
Nobody is saying not to invest and go 100% into gold....
But on the flip side it's insane that one would be 100% in equities considering everything is inflated by criminally suppressed interest rates and cheap money.
Your telling me it's stupid to keep even just 20% of your wealth in actual real savings? Gold
Robert Parker
And what happens in a deflationary collapse? You don't think housing prices are inflated by cheap money?
If a house is an asset why did so many people go bankrupt and lost their homes in 2008?
Matthew Allen
>And what happens on a currency crisis? What happens to all your overinflated dollar denominated assets and stocks? they will rise in value more than anything else long term no matter what happens in a given year that's the point nigga. gold is stupid it's useless for the foreseeable future because it's mined at an exponentially increasing rate while world population growth capped. until those mines run dry gold will not move except down.
Jace Wright
How do you protect you wealth than? Their is no true savings vehicle except for gold.
"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)
Christian Rogers
>And what happens in a deflationary collapse? then gold gets hit hard also.
Carter Cook
If you knew the dollar was gong to fail next month. You had 1 month before 100$ doesn't even buy you a pack of gum...
What do you do?
Jack Barnes
It is truly incredible how amazingly the Jew has infected your guys' brains. I find it fascinating. Not realizing that gold is real savings.
Literally the dumbest most brainwashed group of people in the last 5,000 years.
Being anti-gold is like being anti-water
Nathaniel Walker
No it doesn't. Gold is savings.
Did gold all of a sudden become valuable when the dollar was created? Of course not.
So why in the world would you be valuing gold in terms of dollars?
Literally the entire point of buying gold is because fiat is a scam and you want money and wealth for when it implodes
Evan Nguyen
>What do you do? euros and btc obv
Alexander Ortiz
>No it doesn't. Gold is savings. in deflation cash is king learn it already! every deflation gold gets hit also like all asset class. and in inflation stocks outperform it.
Jace Barnes
>there is no safe store of value. well real estate is actually a pretty safe store of value. it performs about 1% over inflation on average.
Jason Price
you really would buy bitcoin to protect your money? what a faggot :D
Grayson Nelson
i would it protects against various things like confiscation and taxes. long term it outperforms everything. but i would only go like 30% tops. rest is 60% stocks (just different market then what's crashing) and 10% cash.
Connor James
for how long?
Matthew Gonzalez
We have money printed out of thin air so each unit is losing in buying power. Uniformed people think the prices are rising. Central banks are buying your time with numbers on the screen. Then they'll shut the money stream and collapse the market and collect the real tangible wealth you built during the boom. Rinse and repeat
Wyatt Mitchell
just saying if you want your wealth stagnant and not make profit for you but also safe real estate is the thing. the upkeep should be covered by rent. maybe if you are lucky you make money on it even.
Blake Carter
People talk about value and how to store it. The real value is intrinsic value. A house to live in is a house to live in. You can't store monetary value, money is a medium of exchange.
Julian Garcia
user, you're retarded. Our wages don't buy us as much as they used to because they aren't increasing to match the inflation rate. Inflation itself isn't a bad thing. Kept within reason, inflation helps an economy grow. Compare inflation before and after the gold standard was dropped, and you'll see it used to be much more volatile in the past (which is bad).
Wages aren't increasing because workers' rights have been steadily eroded and we've lost the bargaining power we used to have.
Cameron Butler
>You can't store monetary value sure you can that's the whole point of savings. >The real value is intrinsic value what kind of faggot talk is that?
Thomas Lopez
the best combo is gold + ALTS
ALTS for the speculative gainz, gold for the hedge against collapse
btc is unreliable
Blake Powell
The US is headed for a deflationary collapse, which the government will try to solve by mass printing, which will then cause hyperinflation
Nolan Nguyen
>literally buying NoseBergStein's rock collection
Ethan Ortiz
in which case qe goes straight into stocks once more. which means gold would first drop then stay the fuck down.
>finance pointless conflicts that don't benefit the US oh boy of course it benefited the us greatly war is big business unless it's fought on your own land.
Caleb White
we'd make more money selling all of our guns out in the open to african nations that have zero chance of uniting to form an actual threat, and putting the more useless troops to work in gun manufacturing plants
Luke Foster
>brianlet
Your brian is small and weak
Anthony Gomez
you think african nations can dish out the sort of money it would take to buy any current hardware? don't make me laugh.
Julian Lopez
Gold doesn't outperform anything. Gold is just Gold. It's a store of value. Gold was there as money 2500 years ago. 2400 years before the stock market or dollar even existed.
You don't buy gold for the same reason you buy stocks you numbnuts
Luke Sullivan
Lol QE going into stocks and inflating their prices isn't going to make you come out ahead since costs of goods will be going up as well.
Geez... all we need to get rich is to have the govt pump funny money into the stock market.
