Which is why it has been money for millenia.
Some of you idiots think LAND is a measure of value lulz
The literal primary function of money is to MEASURE VALUE of goods exchanged for it. Money is a barometer to measure value.
And obviously the dollar sucks at measuring value since 100 years ago 20$ was a gold weekly salary yet today it barely buys you dinner at a bar.
But that gold has measured value great for 100 years since it was a good weekly salary 100 years ago and still ifs today
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Gold is real savings
silver is pretty good too
Golds going up as stocks go down
If you google is gold a good investment you literally get the worse analysis of gold in mankind.
They literally talk about investing in gold mutual funds and gold bonds and not actual real gold.
Then they say gold has value cuz everyone thinks it does.
Fuck google
based gold boomer poster
I heard some guy yesterday, said we should only be accumulating silver and ZECASH/LINK. I think this is the ultimate folio
Silver is great.
Every 1 ounce of silver bought right now for 14$ is equal to two weeks wages historically. Since for most of human history 1 single silver dime was a days wage and even today in much of the world that's the equivalent of what some people make in fiat in comparison to silver.
So as little as 500 ounces of silver is equivalent to 7,500 days wages historically after this fiat system full of inflation happens.
14 silver times times 500 ounces since 14 silver dimes equals 1 ounce.
You have worthless Americans today making 200$ A day for selling insurance which is the equivalent of like 15 ounces of silver per day when converted to silver. Which flies in the face of all sane economic reality
>(((google)))
That guy was me
Does this mean I should invest in commodities
Pretty much
I mean unless you’d rather buy high and sell low like the other bizlets losing their savings
Gold is not a commodity gold is real money
>And obviously the dollar sucks at measuring value
nah, we use the dollar to compare value of goods for a reason, because it's the fucking best at it.
of course it's a commodity. gold is not money and never really was. it's a fucking element for fucks sake! money is a unit of account (basically unit of measurement for value).
pls sirs buy the yellow rock is the real vindaloops and very shiny too buy now sirs
ayo hol up whyte boi
da shine rock is da real shit yo
u fool be trippin if yo ass isn't have the shine rock, buy now fool!
are you even aware of how dumb you are?
Wish I could buy gold but my religion (Islam) doesn't let me wear it, I don't have any sheep or women to put it on and the banks in my country steal it
shine rock is da real shits
da raciyst gobermen is only give you the fake shits to trick yall
fuck dat shit yo. shine rock is da real shits. it gots shine, it gots values and da chicks get crazay for it yo
JPY currency pairings go up as stocks go down.
see, when interest rates are low, traders who borrow Japanese Yen will then use it to buy risk assets like realstate and stock. But when the stock market goes down and those traders sell their stock, they then need to take the proceeds and purchase JPY in order to payback their loans. This causes JPY to go up shortly after drops in the stock market. The inverse is true when stocks rise.
Money is a universal trade good within a limited scope. Since almost all humans see gold as valuable, the scope is very large so gold is one of the best forms of money. You are confusing value and money. Money claims value, it isn't value itself. All economic prosperity results from an excess in food production. Without this excess, people are only interested in sustaining themselves and thus they have no use for gold. When there is an excess, people want to trade various things which complicated without a universal trade good, as food spoils. Thus gold and silver make excellent mediums of exchange as they do not spoil and even silver barely oxidizes.
dunno to me calling elements measure of value is retarded, next time you gonna say water is the measure of volume.
>Money is a universal trade good within a limited scope
no i'm telling you it's a unit of account and a medium of exchange. which gold is not.
Exactly, you can't ever say 500 apples = 1 troy ounce of silver because prices are never stable
Gold is INSANELY overinflated. Industrial use represents only 10% of traded volume.
It's going back to triple digits.
not just that, but when you specify 1 troy ounce you specify a unit of measurement and a quantity. which silver is not. when you try to find comparable value for that 1 troy ounce silver on the market you gonna convert it to real money value called usd. and check the usd price of goods.
you can maybe say silver is money when this step is skipped and you get the price of goods in troy ounce of silver. even then i have a few observations about why it's retarded, but then you are allowed to make the argument without looking like an utter brainlet.
Wrong layer, you always have to exchange layer 1 currencies for more localized ones. Can't pay with usd in europe.
>dunno to me calling elements measure of value is retarded
but calling pieces of paper with numbers on them and digits on a computer screen is not retarded?
well usd and eur is the same really or any national fiat. they are the unit of measurement for wealth. some of them are better some of them are worse usd is the most universal maybe in international context. if i compare prices in my national currency it being a smaller market i run the risk of some discrepancies cause by local supply issues.
no see the point is money is the unit of those numbers. the numbers themselves don't mean anything without it.
The value of gold is subjective like everything else.