Gold isn't a store of value

>you can get 2.05% from just putting your money in a high interest savings account
umm no lol

I agree, gold is a fucking shit meme. Currently am dealing with my grandparents gold stash that they bought back in 2011. They got suckered in to buy a whole lot back then and have been holding it at a loss even since.

I'm trying to get them to sell it, but not sure if it might swing up again due to the possibility of another economic downswing in the coming years.

>2.05%
>high interest

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>in other words you lose 3.85% of your wealth instantly just buy buying gold because of the spread between the market price and spot price
are people this retarded? you don't lose anything because you can turn around and sell it for that price on the market. the 3.85% or w/e it is is becuase you're buying a product (coin, bar, round etc) that has been refined, measured, verified, and stamped by a private or govt mint, they can't just do that for free, that costs money

>be traditionalists
>buy gold at ath when you could have bought gold for under $200

are you and your family niggers by any chance?

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> amex 2.00%
> ally 2.00%
> goldman 2.05%
> barclays 2.05%
when’s the last time you left the basement

APMEX buys for $1,254.50, which is under spot.

>the market
lol

What does traditionalism have to do with it faggot? I'm white and my grandparents were in their 70's back then and got suckered into buying because some faggot visited their church and told them gold was a good buy. They didn't consult anyone about it beforehand, they didn't even check a chart. I swear it was old age settling in because they both have issues now they are hitting their 80's.

No bank gives interest that comes anywhere close to beating inflation. And that's not even taking into account that official inflation is a bullshit statistic in itself.

if you sell to APMEX they will give you around spot, which is far better than a pawn shop. Selling like that should be your LAST resort. You can sell to other individuals for what you paid for it.

I stopped tipping. I just pay in cash, dont return to the same place.

I wouldn't pay some random guy APMEX prices, I'd pay him less.

I see your point but I think you're overly optimistic, and also you would be volume limited to the amount you could sell to randoms.

Gold is insurance against fiat crashing.

A few percentage points don't matter.

Take the euro, will it even exist in 20 years or will it go the way of the Venezuelan peso?

Gold protects in a crash

ok buddy see you in 200 years when western fiat collapses

Gold is fucking useless compared to crypto. Kys

Mate fiat existed for 50 years only. I doubt it'll reach a 100.

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>I stopped tipping.
based
>I just pay in cash, dont return to the same place.
why? you are afraid they call you out for not tipping last time?

Nigga plz, gold is the best investment you can make right now. Debt bubble is gonna sink the market in less than a year.

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the best thing is the kikes start to believe in their own deception & lies
>when you lie and jew people fo so long that you start to jew yourself out

Make a point or fuck off faggot

Will the millionaires, billionaires, and bankers rush to 10 year old crypto or 2% savings accounts to preserve their wealth when the dollar starts shedding 10% of its value a year?

No, they're not retarded.

This isn't that far off either. Debts are growing exponentially which means the time till the collapse is decreasing exponentially.

They're spit in your food.

Never goyim

>218 AD: 1 oz gold = 1 standard organic cow
>2018 AD: 1 oz gold = 1 standard organic cow
>1 oz gold from 218 AD = 1 oz gold from 2018 AD
stop dreaming about moon lambo

Your a moron.

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What's that chart have to do with anything? Are you unfamiliar with the concept of purchasing power?

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BEHOLD
THE CHART THAT KILLS ALL GOLDBUGS

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At least gold is the last financial asset which isn't in a bubble.

Too bad I wasn't born during the Civil War, I'd be so rich by now.

That doesn't even include dividends for stocks LOL

>Similar to the Bitcoin bullrun in 2017

gold was never supposed to go up in value. that meant your currency was inflating to shit. gold is savings.

all currencies were pegged against gold.

that chart also doesn't take into effect taxation loss. overlay global energy use per capita and global population growth on that and you'll find a nice correlation. unfortunately, per capita energy use has actually flatlined since the 2000s and western populations are now declining due to insufficient birth rates.

the folly of humans is extrapolating linearly into the future. japan is the future because demographics is destiny. only 4 components to economy: humans, natural resources, energy and technology. the first 3 are already in slow decline. african population doesn't matter because they have 1/20th the spending power as a western nation.

this picture is what gold is supposed to be a hedge for.

better tell the entire world's central banks that gold is useless. protip: even the USFED lists gold as collateral on their balance sheets.

the time is fast coming that the rest of the world no longer accepts US hegemony in global finance. after the closing of the gold window, the US printed to infinity. deficit spending forever. once a financial reset takes place, there will be no other financial vehicle completely independent of nation states other than gold. bitcoin doesn't count because the old money doesn't own enough of it. if a crypto becomes a new reserve asset, it will be an invention of the powers already extant. the ultra rich however do own what this board hates: gold.

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all money is just energy in a different form. BTC and gold are valued by the energy it took to make them and to maintain the network. FIAT is valued by future energy of labor disguised as debt and inflation. it's why it will always out create itself and fail. right now, crypto is being used as a valve to release some pressure, caused by inflation, to keep the system going. it will only be able to continue for so long until crypto is all that is left.

Doesn’t this just show that gold is a good store of value compared to USD

What has Golds return been over the last 20 years?

Israel was the best thing that ever happened to them, now they can see if their ideas and ideology will work or not
I mean, they are definitely hard workers but will it be enough? Find out within the next 50-100 years!

Gold will always have a physical value, it is a wonder metal. BTC can be replaced by any other coin.

>what is modern alchemy
>what is asteroid mining
No one wants to buy your shiny bags boomer.

if energy required for neutron bombing or space mining is cheap, socialism utopia has come and money is no longer needed.

Silver is a wonder metal, gold is just heavy useless shit that looks nice and shines.

Gold is pretty much more useful as the material used on my HDMI cables than making an actual profit and that pic enrages me

gold is not an investment, its:
>an insurance
>a store of value at best
>a currency

>you can get 2.05% from just putting your money in a high interest savings account
an be prone to confiscation by government or new withdrawl limits of your bank

gold as a currency is how old? + 1k years?

Goldmoney.com charges 0.5% premium and 0.01% to store per month so 0.12% per year

How did they include companies that went broke. From experience, they don't.

store of value implies that it is something that will most likely remain valuable regardless of the current economic system, as supported by history records. and that user is right, the median iq of this board dropped from about 110 straight to 80 after december/january.

far lower than tether fee, that is assuming tether can be withdrawn.

>guy tips $50 and leaves you a nice comment on the receipt
>practically dox the dude by showing his signature to everyone
women were a mistake

Gold always goes up in recessions. It's a bag of rocks falling in value until it's not.

Do not use GoldMoney. They are a scam. There are all kinds of surcharges involved that will erase any gains you may have.

Just withdrawing to a bank account costs something like 20$. It's a joke.

I have some gold with those cunts. I will sell it in 1-2 years when the recession kicks in.

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Fucking lie, try withdrawing - then you will find out what it actually costs.

>I'm trying to get them to sell it, but not sure if it might swing up again due to the possibility of another economic downswing in the coming years.
Huh.

Y'all niggas can't see the truth, Gold will never lose

>hurr durr fucking boomer lulz

This nigga understand a bit.

Why y'all bitch asses hatin' on gold ? Like this mf said, once we'll hit the reset button, Gold will Always be there. Not you USD or EUR. Maybe bitcoin or some other shit but FIAT"s about to get fucked.

The world is begining to slowly dying , we have maybe 1 or 2 generations left to survive If we don't do anything.

So be prepare to accumulate.

This is an idiotic chart since gold can't go bankrupt.

>inflation rate is 1.9%
You probably believe true unemployment is what the official retarded definition unemployment rate numbers are too.

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>Mate fiat existed for 50 years only.
See history of china.

As they should

>muh inflation

why do goys think this matters? OPs point is FIAT currency in a basic savings account performs better than gold. It doesn't matter if inflation was at 10%, FIAT is still losing less vs speculative lumps of metal.

Bitcoin obituary is now 9 years old with a heap of entries. Golds obituary of saying its dead it 5000 years long. Don't be a fucking new money fag and understand that gold is absolutely valuable. There is only 1 tennis court cubed above ground. Its fucking rare.

Gold spot is a fraud just like the official gov venuazelan currency price.
But anyway the spot price defines good delivery bars of 15kg (bulk) if you buy smaller units then naturally its going to be a little above spot

audit this fucking THOT asap, all tips must be taxed

this
if it was as easy as putting money in a saving account then the entire scam called inflation would be pointless and wouldn't even work

they will diversify you brainlet, all of you retards are thinking in a 0/1 type of way. They don't need to put more than 1% of their wealth for us to retire soon, stay on the sidelines with your fiat or gold bags and watch us neets making bank, can't wait to see all the smartasses miss out because they thought they were "too smart" for crypto

>women on easy mode with cheat codes.
I get happy if I make 50 bucks in tips a week never mind per customer.
If I was a women I'd flirt like a common skank.

enjoy it while you can, aging woman

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Gold's price in fiat isn't real, you fucking Rothschild pyramid nigger monkey. The purpose of gold is insurance for when fiat fails and goes to 0. Which happens 100% of the time

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>andromeda research
I'm sure that's a totally legit, well sourced graph

"Extra spit please" is a fun one when you order the next time though.

1871 yep, now that was a timeline

>bitcoin has replaced gold
are you fucking retarded?

Breddy gud

Would have made the most if you sold in '11, but it's still paying off

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These. Thats why the only places I return to are like women owned/operated. That way I hope they spit in my food for not tipping. They think they're being disgusting but they've only fell into my trap.

>bitcoin doesn't count because the old money doesn't own enough of it

Pro tip. It doesn't matter what big money thinks at that point. If bitcoin is seen as a viable alternate for FIAT by the common man they can start accepting it whenever they want leaving the big money for dead should they not follow suit. Gold can be used as a hedge not as a medium of exchange in the global world due to it not being fungible enough nor is it fast to transfer long distances.

lmao 2%
treasury titles have 11% year interest
and you're STILL losing money to inflation

MODS ban this kike

>if energy required for neutron bombing or space mining is cheap, socialism utopia has come and money is no longer needed.

You underestimate mans greed and lust for power. There will never be a communist utopia no matter how much technological progress we achieve.

No he is so hopeful that this will be the thing that vindicates his life of all his past failures, including 2017 20k jump, despite spending his best years on the internet that he is becoming delusional.

Gonna be getting my first half oz of gold tomorrow
Super stoked
OP will eat his words when the dollar starts to tank next year

Gold also has highly obscure and unresearched medical properties when ingested in minute quantities in a mono-atmomic form
Very interested to learn more about that as well
Something that is certainly being hidden from the public

>OP will eat his words when the dollar starts to tank next year
Can always spot the younglins. You realize that people have been predicting this for well over a decade? Just around the corner right?

You realize the only reason it didnt happen a decade ago is because of the bail outs
The last major crashes were 08 and 98
Both would have been quite serious if the FED did not step it

Do you really think that (((they))) can just pump pump pump this thing up into infinity?
Honestly the only reason they patched and pumped it in 08 is because the burst wouldnt have been big enough to get the "results needed"

You said it yourself. They control the money supply. They can do whatever they want. A collapse isn't in their interests therefore a collapse won't happen.

WHAT???

A collapse is in the interest of those whos main savings are not in the form of fiat
(((They))) keep most holdings in stocks, metals, real-estate and commodities
Fiat is a joke to to them

Look it up
A lot of info about its properties is exaggerated or simply untrue just like many things in the world, BUT it does have some real benefits
People have been eating gold for thousands of years

The government needs fiat to pay their debts and nigger gibs and abortion clinics. Why do you think inflation exists?

Yeah and you faggot niggers wonder why people dont want to tip when you.spit in food and demand 50 bucks for handing a plate of food to a table and filling up water cups while making small talk.
I hate relying on tips and I hate people who feel entitled to tips enough to spit in peoples food.

The governments clearly arent concerned with paying their debts
Havent you realized thats a complete impossibility at this point and has been for ages?
Why do you think the debts just keep stacking up to the moon?

>FED
Why is it that cranks always treat Fed like it's an acronym? In any event, that's exactly why the Fed exists: to mitigate the sorts of crashes that occurred before there were central banks.

Actually the government debt (at least for the U.S.) isn't very severe, especially once you consider that a good chunk of it is held by government institutions.

Honestly I always wondered the same about why people make it look like an acronym, i cant answer that though im just used to seeing people use that as a shorthand for the Federal Reserve.
The Reserves management of crashes is leading the entire US into an innevitable collapse and every single person who has half a brain knows this is the direction things have been being driven in since 1913.
Do you realize the manner in which they fixed the 08 situation was simply just to print a niggerload of cash and thus cause a niggerload of inflation?
They expand the money supply to a completely unhealthy level which causes the power of the dollar to drop.

The government does pay its debts, just a lot slower than it accumulates. If that weren't the case then no one would ever give them loans.