When you buy gold you aren't really buying it. You are just transferring your wealth from Jew paper that can hyperinflate away into real sound money and wealth where you are becoming your own bank.
Americas economy was strong on a gold standard and now that we've been off it for 40 years everything is wrong in the economy.
If you don't put your fiat profits from the stock market into gold you will lose it all when the dollar implodes.
Stocks are good for making more fiat but you need to protect your profits before the dollar hyperinflates
We already know this. We've always known this. Why do you keep making this same fucking thread everyday?
gold standards are shit because they make people forget gold is money over 2 generations
reminder that just cause gold is money doesn't mean you should never invest
don't be peter schiff
Most don't know it. Most think gold is a Jew scam.
I'm and angel from Jow Forums who has flown over here to bless you with important info
>buying gold when the market is down
shiggy
No shit nigger nobody is saying don't invest but if the dollar implodes then you are fucked. Always have 10% of your net worth in gold at least.
It's impossible to lose tho if you have all your net worth in gold.
Gold is savings
doomsday kit kat
>nah I don't want your food, water, women, etc. gimme summa dat shiny rock
Hey buddy. I was the one that complimented your pic in the last thread.
Good to see you again
hello friend
When you suck cock you aren't really sucking it. You are just transferring your saliva from your mouth that can drool away onto an other mans glans and balls when you are becoming your own man.
Ancient greeks were strong independent man liberated from the vaginal-jew for 400 years, now everything is wrong in gender dynamics.
The spot price on gold and silver dipped significantly this year. Good time to buy?
Yes
gold is not money sorry cucks it's a commodity.
money is what you measure the prices of goods and services in. the motherfucking unit of account. and currently that's fiat.
you are half arsed
investments' value don't have relationships with the usd they have relationships with gold
the collapse of the usd will have no impact on an investment that was justified by its performance priced in gold
sucking golds dick/being a gold permabull is as bad as thinking cpi is the definition of value
if you tried to find the relationship between velocity and time of a projectile using a meter that changed with CPI you would think projectile motion is stochastic as well
gold is the value datum because all things value change relative to gold
As much of a cliche it is, I don't think you understand the basics of market exchange or supply and demand, OP.
Having all your net worth in gold is an absolutely terrible idea. The value of Gold, like all commodities, is subject to supply and demand. Say new gold mines are found with rich ore deposits, the value will go down. Or say that a synthetic alloy starts to replace its function in electronics. This will also cause the value to drop. You should always have some diversification. Alot of gold's current value, btw, is in fact due to massive accumulation in terms of fiat money. Normal people don't have the time or money to invest in gold and it certainly isn't in most people's retirement plans. You eliminate speculative investors, the demand for gold will go down.
On a deeper level, however, there is a big confusion here on how money works. "Real" and "money" are an oxymoron in terms, nominal values are just that. Trying to treat a commodity as if it has some sublime properties inherit in its chemistry is like buying the hype of a coke-a-cola commercial. Gold has real value because it is a commodity, and commodity's have an exchange rate with each other that does not have to be expressed in nominal terms, and could be expressed as a ratio instead. Money and price is just an expression of the value commodities have, it's not that value itself.
Probably. I'll be buying silver soon.
You could say the same about literally any commodity. All other commodities can theoretically be expressed as a ratio of value with that commodity through their exchange ratio. That's the whole idea behind general commodity markets.
the projectiles speed is not constant at any point there goes your shitty parallel into the trash.
>gold is the value datum because all things value change relative to gold
arbitrary. all commodities value changes in relative to all other commodities. that's why we have money ie usd to simplify this complex relation to 1:n
this but unironically.
no you couldn't because gold changes the least
silver corrodes and is volatile as a function of industrial productivity
platinum was relatively esoteric until high temperature furnances
everything changes relative to gold. there is no other reasonable measure of value with respect to time
it changes against itself but that change is a measure of the growth of the economy
even if i was to indulge you, what do you think is a good measure of value over time? CPI? copper? foreskins?
if someone thinks you made an coherent argument they deserve to not understand my point
>if someone thinks you made an coherent argument they deserve to not understand my point
so you are a brainlet not just a misguided gold shill
>what do you think is a good measure of value over time? CPI? copper? foreskins?
unironically land
what do you think people should measure value with respect to time with?
you are talking nonsense btw there is no need for measuring value over centuries. most people live month to month or week to week, if money is stable in purchasing power reasonably for a year it's perfectly fine to use as money.
Gold cons:
>heavy
>melts
>easily faked
>no security
>practically infinite amounts of it
>[too many more to list here]
Gold pros
>kind of shiny after specific maintenance and treatments
shekkles were made of gold and that's why I hold it.
the golden ponzi is coming back.
>land
I can respect this (would obviously vote for currency debasement against housing rather than consumer goods)
but I ultimately disagree as land price is a function of population, population density and house construction price
I do not believe anyone should have their wealth stolen via inflation because debasement incentivizes deceit and thus suffering, whereas if we define value objectively we incentivize value creation
debasement is communism
I'm asking you how do you define purchasing power, because if you answer anything other gold you are the shill and there's a percentage of lurkers that haven't realized you are a shill (even though I am fully aware you are)
basically bitcoin shits all over gold in every aspect except one, you can't transact bitcoin offline as of yet. at least anyone accepting it takes unreasonable risks. ln kinda changes that but needs you to commit to a specific transaction beforehand (in case of offline use of channels).
>I'm asking you how do you define purchasing powe
that's pretty hard official inflation is tweaked by politicos obviously shadow inflation is more to the point. but it only matters long term and long term you don1t want to hold money you want stocks specifically index funds they will beat the living crap out of anything else long term.
land is finite gold is not, land can be used to produce value without losing it gold is a raw material a consumable if you use it for production. land shits all over gold as a store of value.
I feel like my comments about buying the hype of coke also apply to your posts
Gold is also used in industry and is pretty volatile in its own right. Plenty of other materials are rather chemically stable, but more importantly, it's an absolute fallacy to reduce economic value down to chemical structure, which is fundamentally absurd.
Heavy? If you look like your god vitalik then yea.
Melts? LOL. So can your thumb drive..
Easily faked? Stop messing with children.
No security? LOL. Your obviously too young to even own a gun.
Infinite amounts? LMFAO
Go ahead big guy, invent the next asteroid harvested.
>I'm asking you how do you define purchasing power, because if you answer anything other gold you are the shill
nigga nobody defines purchasing power in gold nobody. i personally pretty much just compare my living standards and savings rate to previous years. if i see them drop i know it's time for a raise.
No one is taking you seriously or even finishing reading what you wrote the you start off with "nigga".
Go lynch yourself. Btfo.
>shekkles were made of gold
i'm fairly sure shekel was a unit of weight and the first standardized shekel based payment methods were silver bracelets
next you gonna say ounces are made of gold and liters are made of vodka?
NIGGER
nigga suck my dick nigga! no fucking body is paying with gold or defines purchasing power in gold on this fucking planet. not even pajeet goldbugs.
yeah go to a coffee shop try to pay with gold shavings! have fun! ask them hog many micro-grams of gold a latte is!
All I hear is oogaa booggaa nigga noggaaa.
Hahahahahahahahahahahahahahahah.
Remember not to smile at night or the cops can see you.
Even the strongest man in the world stru
ggles to overhead press nine million pounds. Heavy is heavy,
it
has abso
lutely nothing to do with strength. Thumb drive is less likely to melt than gold. Melting point of g
old is many times lower. Gold is too soft to make into an effectiv
e gut. Infinite amounts ur mo
m gay. Go ahead, gay boi, kill yourself.
Gold is for the wealthy. Not for a nigger like you to get 2 Newport loosies from your local jungle store.
you sound way too defensive about this nigga thing are you actually black?
Learn to type pajeet.
Back to the recycling bin you go.
Shoo shoo.
>Gold is for the wealthy.
you mean for pajeets right?
oh no this guy is actually a curry nigger! that explains everything.
The stock market has always recovered.
Index fund it, and buy every dip as it comes.
gold is the best way to measure value over time. every major civilization in history have independently come to use gold as money because the better you can price something the more efficient you can allocate resource the better you are at economy and war
don't be a brainlet
we are talking about measurement not investment. Because we want prediction, science is about prediction.
the definition of a unit of measurement is something that has a constant dependent variable value with respect to the independent variable
there are no deterministic relationships between two variables when the unit of measurement is not constant with respect to the independent variable
----
i didn't reply to the rest of the people that replied to me because I'm drunk and am making the assumption you are all making the same fluoridated arguments as the above
But i
'm reddit spa
cing just
like
you
.
That's why everyone accepting BTC is instantly changing it for FIAT and furthermore the majority of companies have cancelled the crypto payment option due to the insane volatility risk.
Bitcoin really shits gold. Sick shit. Ever compared the mcaps? But keep watching random graphs who are throwing around with properties of these assets
How can you guys be so fucking stupid?
Gold has been money for milennia precisely because it is the best measure of value ever.
The literal primary function of money is to measure value for goods exchanged for it and nothing does that better than gold. Dollars suck at measuring value. Gold is real money (not a commodity) and measures values better than anything else
How does bitcoin shit on gold?
The entire fucking reason your buying shitcoins is because the dollar is dying.... unironically because it isn't backed by gold.
There's no problem with gold. There's a problem with the dollar
It's not about buying shit with gold you nigger it's about the currency having a basis of value.
Nobody fucking bought shit with gold under a gold standard but that fucking dollar represent gold that we had
>Gold has been money for milennia precisely because it is the best measure of value ever.
amen brother.
at the end of the day unless the majority of people become aware of this we will never have societies free of debasement.
governance distributed by work is not a new idea, non debasable currency has always existed in gold
bitcoin is one of the greatest inventions of all time but the redemption of liberty for common people is still gonna come down to individuals understanding the implications of currency debasement
>gold is the best way to measure value over time.
well it inflationary at one hand but fungible at the other land is not inflationary but not fungible
crypto is the future asset backed money is a scam
Gold is worthless tho. 7% is actual industry application rest ist speculation. It has very little utility and actual. Even worse if you look at the potential supply which is practically endless in the universe
the current monetary money system actually isn't even real. the economy gets manipulated over and over again and just cause bubbles happen doesn't mean shit the way they keep it up is just by playing with the fed reserve money number on the computer and just flooding money here, make a few country trades and watch the dollar stabilize.
the only way this economic system could collapse is if the masses dont participate, and if they dont participle they cant eat food so.