You DONT buy gold hoping it goes up in dollar price like a stock. Amazon is a business making revenue. Gold is just fucking gold... it isn't supposed to provide you returns.
Gold is money and savings to protect your wealth and exponentially increase it when fiat fails. That's the entire fucking point of buying gold.
The dollar value of gold is irrelevant. Gold didn't all of a sudden become valuable when America was born and the dollar was created so why the fuck would you be valuing gold in terms of fiat?
Also it was fucking gold that gave value to the dollar.
As someone heavily in gold, I agree. It's not an investment in the sense of giving you lots of gains or returns. It's a store of value and allows wealth to be transferred from one paradigm to another.
Thomas Kelly
Yet even gold bugs don't understand this on many cases
My grandma asked me to hold onto a bunch of gold for her in my safe, its frustrating that she wont let me sell it and put that money into stocks and bonds, pretty big opportunity cost to hold onto significant amounts of gold imo.
I do have a little stack of silver coins myself, but I mainly just got them because I like super shiny metal with pretty pictures etched into it. More as a collection than an investment really, its not worth more than a few hundred bucks.
James Ortiz
cherry picking at its finest If you bought gold at the beginning of this year you'd only be down 3%, but if you bought crypto you'd be down 80%
Nathaniel Ross
I am a new age Gold investor and I've realized this before I've started storing portions of my wealth in gold.
I try to explain this to gambling crypto addicts but they just don't get it. Which resembles the reason why they are down 90% from their IV
People who took out mortgages and bought the top didn't think it was a top because you cryptofags were promising them $100k EOY. All you were was the early adopter of what amounted to a digital pyramid scheme. Non of this speculation is what cryptocurrency is suppose to be about.
Noah Foster
"In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A Ponzi scheme is a zero sum game. In a Ponzi scheme, early adopters can only profit at the expense of late adopters, and the late adopters always lose. Bitcoin can have a win-win outcome. Earlier adopters profit from the rise in value as Bitcoin becomes better understood and in turn demanded by the public at large. All adopters benefit from the usefulness of a reliable and widely-accepted decentralized peer-to-peer currency.[4]
It is also important to note that Satoshi Nakamoto, creator of bitcoin, has never spent a bitcoin (other than giving them away when they were worthless) which we can verify by checking the blockchain."
>gold is valuable because it is limited by laws that no man can change: geology >but man can mine asteroids whoops at least bitcoin is protected by math. Pretty sure they aren't gonna find any math in those asteroids.
Nolan Martin
>What are quantum computers Sha-256 will be fucked. But then again BTC wont be alive anymore in a few years
>early adopter You had 8 years to buy bitcoin before it mooned. Jow Forums has even been telling you to buy during that entire time. Not my fault you're a retard.
Jace Powell
Hi goldbug user how was your Thanksgiving? In case you haven't realized, people on this board by internet chuck e cheese tokens, not shiny rocks. thanks!
Kayden Mitchell
>Gold is money not anymore no, it's a commodity
Ryan Russell
No such thing as paper gold. If you can't hold it in your hand, you don't have any of the benefits of gold, period. Bordering on useless.
Caleb Garcia
gold is beyond useless i can't imagine how useless that makes paper gold.
Connor Ross
based and redpilled
Cooper Cox
Exactly.
Gold is a little like a .zip file. Take something valuable which could be active and growing (or crashing and dying) and just freeze it in carbonite. It may go up and down in dollar value, but no matter how badly shit hits the fan, it's going to be there and valued at least as highly in relation to actual purchasing power as it ever was.
Gold has been great for people fleeing collapse, because gold talks when you need to book passage to get the hell out of a war torn area. Heck, you could hide a lot of value in gold in a pocket, shoe, or your favorite orifice.
For people trying to survive a collapse but remain in place, fractional silver is the way to go. Small enough to barter with and will hold value well.
Blake Martinez
>the same goldfag returns once again to tell us that gold is valuable
Jose Roberts
>the same cryptofag returns once again to promise lambos and $100k EOY
