Daily gold and silver reminder

anyone that bought before the price of 1k ( so everyone who bought before january 2017 ) had its value stored pretty well you abso tard.
they r still up 6x right now.

not an argument just a bunch of bullshit and insults. fact is gold is not rare. it's inherent value would be around $50-200 an ounce tops. the rest is speculative. these are facts you can deduce this from the use and price of elements that are much more rare than gold.

so gold is insanely overpriced right now and expected to fall. why are you trying to scam people into buying it?

>buy BTC in 2011
>make several million %
>random biz brainlet thinks this is worse than casino chips

Kek gold is like bitcoin but shttier in every respect

>why
because he'll profit from it, obviously

The insults are backed up by facts and reality. Tantalum wasn't even discovered until 1800.

Tanatalums melt point is 3x higher than gold. So even if it was discovered thousands of years ago it still wouldn't have been used as money as there would have been no way to fucking melt it you brainlet.

You don't argue these points because you can't do instead you focus on my insults to you which are in fact justified because I BTFO'd your tantalum shill

>gold booms because of boomers
>buy gold bar on ebay
>try to sell years later for a loss because need money
>turns out gold bar was fake

Never invest in the same stuff as boomers.

>Tantalum wasn't even discovered until 1800.
the question was rarity nigger why are you moving the goalpost? it's pathetic.
>Tanatalums melt point is 3x higher than gold.
not a problem today nope. also moving the goalpost. rarity nigger. if tantalum is harder to work it should have more value than gold btw.
>You don't argue these points
because we were talking about rarity and how you tried to imply golds inherent value stems from it's rarity. stop moving the fucking goalpost and admit that you were utterly wrong!

You are stupid. The fact that bitcoin went up in value is just as good of a reason why btc is not money as well

Money is stable. Money is a store of value. Gold has been stable for milennia. It's measured value accurately for thousands of years.

When America was born and the dollar was created and banks started issuing dollars.... and you worked for a week and made 5$ in the year 1850..... you didn't hold that 5$ and expected it to buy you a home 5 years later, right? Because that's not what money does

Had you bought 100$ worth of bitcoin in 2008 and held it for 5 years you could probably buy 10 mansions. That's not how money works.

So what if it's not hard to melt tantalum today? Gold has been moneyfor thousands of years and works perfectly as a store of value... so why the fuck switch it to tantalum?

All the arguments your making for tantalum being money already exist for gold. So why do you like tantalum and don't like gold?

Yeah rarity is just one characteristic money has to be. The user above said something like it doesn't have inherent value. It's a earth metal of course it's got inherent value and the other characteristics in addition to it being rare is why it has been money for milennia

I'm not even saying tantalum wouldn't work as money. But why the fuck change it, when gold does it perfectly already?

You realize you are investing in shitcoins has nothing to do with problems with gold right? Unironically your investing in shitcoins because the dollar is dying because it isn't backed by gold

>Gold has been moneyfor thousands of years
gold is now a speculative commodity not money. and it was only money until we finally had something better more useful and convenient. it beat the fuck out of having nothing but it was not good especially.
>Yeah rarity is just one characteristic money has to be.
good that concludes gold is not money because it's not fucking rare. it has practically infinite supply and is mined at an exponentially increasing rate.

Yes gold is not convenient... which is why paper dollars were created.... but those paper dollars got their value from GOLD.

And just because gold isn't recognized as money anymore by corrupt govt's just proves it's real money. I mean.... we didn't have the term "income inequality" under a gold standard because prices were cheap. Now that we don't have a gold standard we have rampant inflation and "income inequlity" is a top 3 issue in America. See how that works?

income inequality has social reasons and not monetary ones

Also.... a good weekly salary was 20$ 100 years ago. And 20$ = 1 oz of gold.

Today that 20$ you earned in 1918 doesn't even buy you lunch for 2 at Taco Bell. But that gold ounce earned in 1918 which equaled a good weekly salary taken to a coin shop today would give you $1,200 in fiat.... which is STILL a good weekly salary.

So the dollar failed as money over 100 years and gold stored your value perfectly over 100 years... which is why despite govt demonetizing it.....is still real money

Wtf does that mean? The issue is prices are rising and everyone is getting poorer. Because we aren't on a gold standard anymore.

100k went a lot further in 1981 than it does today right? So what's changed? And why?

Yeah gold isn't rare.... that's why people spend lots of money mining it.

The volatility of BTC is going down with the growth of the market cap though, check volatility index graphs. It seems high now, but it's nothing like when it was around 1$. It will become stable when people actually start measuring value in BTC, which is not possible yet.
I wouldn't bring history of gold as a strong argument - developing a distributed ledger wasn't fucking possible until recently, new technology changes behavior. We don't use horses because muh history.
With cryptos you can accurately predict the inflation and you can know for sure that there won't be a large pile of BTC found in the universe, it's determined by code.
Also its literally the only commodity that can't be confiscated from you. Real estate, gold, fiat money - you only 'own' them because your government isn't desperate and allows you to.

pretty retarded example gold has been much cheaper to produce and is much more abundant as workers wages are much lower in purchasing power than back then. if anything it proves gold is not an inflation hedge.

no it's a pretty abundant element in the universe and earth is especially rich in it. now bitcoins on the other hand they are quiet scarce. very easy to store and transact even over great distances.

but I'm not buying bitcoin in hopes that value will be measured in it. I'm buying bitcoin to get back more dollars.

So your telling me that if you could magically make bitcoin conpletely stable right now....the price of bitcoin at 6200$ will be the price of bitcoin going forward for 100 years.... and value could me measured in it accurately..... that you would make this happen right now?

Beautiful things, you can get hundreds of year old ones for spot price because they minted millions all over the empire.

Literally impossible to lose money on a lucky dip tube of those things.

>the price of bitcoin at 6200$ will be the price of bitcoin going forward for 100 years....
that's impossible of course if bitcoin is adopted as money it would be over $1mil a coin. but golds price is not stable either. so you are trying to use some double standards here.

the only reason you should use store of value is if you want to have a small emergency fund.. its best to use your cash to make more cash...

You can literally go read a bible passage right now... showing that 1 oz of gold bought you 350 loaves of bread 2,500 years ago.

If you take a gold ounce to a coin shop today you'll get $1,200 for it. And if you take that $1,200 to a grocery store you can still buy roughly 350 loaves of bread today.

The point is there's too much inflation. Because we have Jew dollars inflation has become rampant. What you want is ZERO or close to ZERO inflation.

In the year 1800 a gold ounce = 20$

100 years later in the year 1900 a gold ounce STILL equaled 20$.

Today gold is $1,200

What's changed? What's changed is massive inflation. The point is to stop inflation and have prices go down. Not to fucking accurately predict it and accept inflation.

Inflation is destruction of wealth.
You don't want to accurately predict it going forward..... you want to FUCKING END IT.

A gold ounce 900 years ago is still that same gold ounce today. It's the same ounce of stored economic energy.

You THINK gold isn't stable because you are incorrectly valuing gold in terms of paper dollars. All the dollar price of gold represents is how unstable, volatile, and lack of store of value the dollar is

Gold gave the dollar its value! So why on earth would you be valuing gold in terms of shit paper dollars?

Logic dude logic

>but I'm not buying bitcoin in hopes that value will be measured in it. I'm buying bitcoin to get back more dollars.
If you buy it to get more wealth, then you speculate that people will use it as means for payment and a way to store value.
It doesn't happen with magic, the market cap just has to become so big that it's difficult on manipulate. It's a fraction of gold and different fiat money's. When the volatility reaches about 5% per year then you can start measuring value of real world wealth in it.
Bitcoin has the biggest market cap of all cryptos and it is the least volatile % wise, see the connection?

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>Durr jeeewz

Wrong, ideological wars required infinity money to fund. So you can thank communism v capitalism after ww2 for *most* of the blights in the world today.

And this comment is a perfect example of the Jew infecting people's brains in shitty public schools.

You actually believe that savings is a bad thing.

And what happens when dollar denominated assets collapse? You realie everything is overinflated in price because of criminally suppressed interest rates at 0% for a decade right?

25-30 years ago had someone said we would have 0% interest rates.... let alone for a decade.... you would have been put in a straight jacked and thrown in a mental institution...

But brainwashed people like you think it's normal today

Who gives a fuck if you are making more money in the market when the cost of everything is rising as well?

>You THINK gold isn't stable because you are incorrectly valuing gold in terms of paper dollars.
everything else is pretty stable in dollar price so if gold is not then that means it's not stable end of story. it's not the dollars fault that the purchasing power of gold rollercoasters so badly.

If my salary for the month is $6,200 and my employer decides to pay me in 1 bitcoin. Why would I accept that? Bitcoin could be $3,500 at the end of the year.

So I'm being paid with hopes that people will use this payment system and increase its value? That's retarded you realize that right?

>A gold ounce 900 years ago is still that same gold ounce today.
no it has been greatly debased actually. it is worth much less labor than before. magnitudes less but it's understandable as we have craptons more gold today than back then.

listen gold will fall in price it will be an industrial base metal nothing you can do about it. all your whining about how it was in the middle ages won't change that fact. gold is not money nobody wants it as money it sucks. and it's not even an inflation hedge.

dollar could be worth 0.5 euros by eoy why would you accept that?

This is the issue:

My monthly salary is $6,200. I busted my ass for the month and I just want to SAVE my money. My employer offers me 1 btc...... $6,200 in fiat....... or 5 ounces of gold.

And I want to save that money for 15 years and have it buy me the same amount of shit in 15 years as it does today. Where do I put my money?

Yeah it's stable until it isnt. 100k bought you a shit ton more stuff 40 years ago than it does today. Tell me why

I can't wait to dump on retards when gold pumps.

You realize they took us off a gold standard to steal our wealth through inflation right? You realize a dollar went a lot further under a gold standard than it does today right?

"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)

Money isn't JUST a medium of exchange.

The PRIMARY function of money is to MEASURE VALUE of goods brainlet. Gold does that just as well today as it did 100 years ago and 3000 years ago

who cares about 40 years? shit has to be stable year to year. nothing else matters. with inflation prices go up and wages go up and investments hedge against you losing wealth. stocks go up more than inflation you actually gain wealth if you invest. gold in a box under the bed doesn't participate in the economy. that's why it sucks so much.
>Gold does that just as well today as it did 100 years ago and 3000 years ago
hell no that's the most ridiculous falsehood ever.

Yeah, customs will totally allow you to wander through carrying that kek. Or, you buy DGX, memorise your mnemonic code and access your wealth anywhere & instantly.

Silver >>>> gold

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Your racist undertones prove that you are a poor baby child.

Well it's not fucking Panamanians or Mongolians who are control of the money supply and destroying our wealth.

It's the typical money changer Jews.

Still a poor baby child.

You lost the game before you even started playing. Enjoy writhing in pathos and enjoy your boring life.

As I said..... one ounce of gold bought you 350 loaves of bread 2,500 years ago. There's a passage in the Bible on it.

That gold ounce from 2,500 years ago.... brought tona coin shop today will give you $1,200 in dollars.

If you take that $1,200 to a grocery store today you can still buy 350 loaves of bread roughly just like you could 2,500 years ago.

Your value was stored for thousands of years in that gold coin

What you mean I lost the game? I have lots of gold

What you do not recognize is.... im actually trying to help people.

I'm just messing around. I was only upset by the racism. I don't know anything about how much money you have and I hope you have a great life.

Why the fuck are you holding gold over silver? Makes no sense to me

Why does racism upset you? Who cares?

Nobody buys anything when it's low

If the average dummy thought it was a good investment it wouldn't be low

awww, how cute. a cave man

The fact alone that silver is not used in utensil ware and coinage should open peoples eyes to the value of the metal.
The average family could never buy a set of utensils to eat with made out of silver let alone a pitcher to safely store your liquids.
Now let me ask you this.
Why?
Slow confiscation of wealth THEY want YOU graveling hand and foot for your every need. With silver coinage less germs are spread also with a silver pitcher your liquid remains clean of contaminating germs.
Its to bad all THEY want you to own is fake plastics and fake houses most will never own while never truly owning anything not even their soul.

lmfao only retards would believe this "chart"
>doesn't account for scarcity
>doesn't account for demand
>doesn't account for processing energy

you're despicable, thats exactly why I offer counterfeit services to boomers

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I'm sure you walk around and pay your groceries in gold. If you can't buy anything with it, it's not money.

It's not about buying shit with gold it's about gold backing the currency otherwise the paper is worthless and you have massive inflation which leads to a bunch of NEETS throwing all their money in shitcoins to hopefully make it.

Under a gold standard you could drive retarded children to grade school and "make it" with your wife at home raising the children.

The issue is skyrocketing prices and cost of living. Which doesn't happen on a gold standard.

This is easy stuff to understand

Looks like this chart is wrong

sdbullion.com/blog/how-much-silver-gold-is-there/

good luck when the Pinkertons come looking for you

Ah so you actively don't want to increase your wealth, got it

Is bitcoin guaranteed to go up asshole?

Is Amazon stock guaranteed to go up?

The ISSUE is why is fiat being inflated away and not wanting to be FORCED to invest in shitcoins or overinflated stocks to keep pace with inflation.

If the dollar was backed by gold then you wouldn't have to worry about thenjews confiscating your wealth through inflation.

Do you get my fucking point now?

And nobody is saying DONT invest asshole.... but if I want to put aside 30-40% into actual savings I can do that unless I put it into gold because the dollar isn't backed by gold.

If you have 100% of your net worth in stocks and crypto your fucking retarded. We have had 0% interest rates for a DECADE .....that MUST end in economic ruin

You have scaling of metal just like fiat. The only difference is, our fiat stopped being backed by the metal. If the economy disappeared tomorrow, I could trade small pieces of silver and gold for petty purchases, coins on medium purchases, and bullion on large purchases. It's literally the most ancient form of trade. How retarded are you?

They will eventually use crypto to microchip people and control our lives. They will probably wipe the internet, buy the best platform, and regulate everyone further with even more corruption. Crypto is just for shorting until financial institutions assfuck everyone.

>All man made currency proxies eventually fade to a valueless state, while gold bullion never bankrupts nor becomes worthless.

Is summation, there is about 2.5 billion ounces of gold bullion above ground today in the world. Again more than half of it is currently owned by governments and their central bank partners.

>29 posts by this ID
yikes
good luck trying to sell gold to zoomers when you're retired LOL

>It's literally the most ancient form of trade.
Besides barter. But yes, it is "safer" than fiat or crypto.
>Ah so you actively don't want to increase your wealth, got it
Gold/silver shouldn't be used to build wealth, but to maintain it.

I still believe silver is a better investment than gold simply due to the amount of uses it has.

Zoomer logic. They will wake up one day...prob too late

>one ounce of gold bought you 350 loaves of bread 2,500 years ago.
yeah but it costs fraction of that to produce it now so gold has been greatly debased it's not money, it's not a store of value, it's not an inflation hedge it's a speculative asset.

mike balooney please go!
>Is bitcoin guaranteed to go up asshole?
it is actually.

it probably only counts what's at comex which is greatly misleading. there is a crapton of silver mined each year.

thewest.com.au/business/gold/rnc-minerals-uncovers-two-huge-gold-specimens-in-once-in-a-lifetime-discovery-ng-b88955143z
blowout soon

poorfag so might buy a 1oz kinebar at some point.

Why are we having this retarded conversation everyday ?

Intelligent people have both

>buy gold bar on ebay
Everyone else is an idiot, I am an genius.

most gold bars on ebay are fake, only a retard wouldn't know this. stick to coins and only buy from major sellers if you use ebay (apmex, jmb, libertycoin, pinehurst)

youtube.com/watch?v=s2SJdUW-Km0

because muh shiny rocks

Gold Prices also change continuously and is subject to inflation.

Jokes on you nikker. I got both btc and gold.

based and redpilled

PM maximalism is delusion in itself boomer.

Someone help me dig up that video of the "unboxing ebay gold" where everyone in comments points out half the bars are counterfeits

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based and redpilled