Gold

the only reason my gandpa and my dad didn't spend it all with prostitutes is because they died before they knew it, alzheimer's and lung cancer. I'd rather use it to buy a house and rent it and later give it to my son. what you think user?

you keep gold as a savings that you can pass down to your children. its real savings, unlike FIAT. the purpose of holding gold is to preserve your wealth in case FIAT fails, which it is designed to do if you have ever read a book

Also the elites are harvesting the Earth for gold to give to the ayys, but that is a story for another day

wait for the fiat collapse before doing this

>hoarde gold
>wait for market to crash
>cash out gold
>buy shitloads of houses
>????
>profit

Land is good. It appreciated in value and it can be used to gain more value through renting. It is, however, volatile. What if a bunch of reprobates move in and make the area undesirable? What if the area floods and your house is washed away? Also you have to pay taxes and maintenence and shit.
You don't have to do this with gold.
It depends on if you can be bothered with the fuss.
If you're really motivated then it makes sense to buy a nice house in an affluent area, or one that is on the up and up, and rent it out to cover costs. You have to be engaged though, being a landlord is more difficult than most morons assume it to be. Tenants can be faggots and much of the law in many countries sides with them.

This is true but if you are going to do this take it out of the bank. If the bank folds then they will not give you your gold back. If the country folds then they will take your gold through some sort of eminent domain bullshit. This has happened before. en.wikipedia.org/wiki/Executive_Order_6102

Get it out and bury it somewhere safe.

land is good, but you can't buy eggs and milk with land. HA

Historically fiat regimes don't last more than a hundred years. US is right on that mark. If you choose to wait a bit longer you may be able to buy an entire block when gold/silver/btc gets reevaluated to purge debt from the current system. If that doesn't happens you will at least be able to pass it on yet again to your children. Sounds like you want to be a boomer and blow it right now on one property though.

British Pound Sterling is 1200 years old.

The idea that bitcoin has stolen the limelight from PM investment... well, it's like saying that has made music's best forefathers irrelevant. Or that Bill Nye has totally made Newton, Einstein and Hawking his bitch because he's been on TV more.
Anyway, forgetting that stupidity, the correct answer is that if you had 5kg of gold, you're looking at what, about $200k or so? (By the way, freaky weird but a kilobar looks roughly like an iPhone 4. Pretty small, just heavy as shit.)
Smart things to do with it would be pay off all debt, purchase a (carefully researched) home without mortgage, invest in a DJIA index fund. Beyond that, things get a bit risky.
If you already have zero debt, a decent mortgage free home, and a nice index fund account, sure, stick it back for a rainy day.

none of that has anything to do with the fact that bitcoin has stolen the fanfare from gold permanently amongst the younger generations, and they've never coming back.

Just like socialism has stolen the hearts of the Venezuelans and they are never coming back to a capitalist economy, right?
Yeah - something that's a pop fad and flames out once people realize it's fucking stupid doesn't mean that it's "stolen the fanfare permanently." At all.

This

youtube.com/watch?v=bXQnSpLErGU

Most gold demand is speculative or not necessary (jewelry) and industrial usage can actually go DOWN as they figure out how to use gold more efficiently.

If bitcoin reaches a new high everyone will want to buy it again but who will buy gold at $2000?

We're at a 300-year low in the price you goddamn retard, keep that money for your smart kids and don't burn the family fortune on whatever gay retard shit you were going to do with it, goddamn yes you piss me off

You clearly have no idea or interest in what you're doing so just hold onto it

At the bottom of the pm market and the absolute peak of the housing market? REALLY?

>at the bank

you're so fucked

I use Vaultoro.com to trade bitcoin into and out of allocated gold because, we'll, screw banks. Banks are only insured to 100k and the gold can be insured to however much you hold. The gold is also at full reserve where as the banks are jewing away with people's deposits.

Gold is a great redundancy for crypto. I hold over 400k in gold

no, just like the internet has been eating away at physical storefronts for the past two decades, amongst other businesses. if you can't see it, it's too late for you anyway, so don't fret.

Dumb fuck. What happens when society collapses and everyone does a bank run? What makes you think the banks will give you your gold?

You need to dig a hole, create a cement prison and lock your gold in there indefinitely.

Post collapse, when stability is returned and society is restructured... dig it up and use it as collateral for loans.

During that time it has had many convertible periods to other commodities such as gold, or to other currencies. However since 1992 it has been free floating fiat, convertible to nothing. Just because Britain and USA are first world doesn't mean they are immune to the currency crisis that places like Venezuela suffer from. In some way or another, the whole globe is going to be along for the ride. We've never done anything close to quantitative easing in the past 1200 years.

Wrong. Amazon beats brick and mortar because we're lazy and order shit while we're at work or bored.
Pray tell, other than hoping other people will buy it for more than what you paid for it, what inherent value is there in crypto? How does possessing or using it make our lives easier? If shit goes bad now that AOC types have control of the Democrat party's economic policy, how much do you estimate your crypto wallet will be worth? Venezuelans have had access to crypto as long as we have, how are the Venezuelan crypto millionaires paying for bread scraps out of a trash can? What's the last thing you bought with crypto, and other than getting to larp as a hacker crypto boss, what advantage did you get out of the deal? How much of your income do you convert to crypto before spending it?

I want the ayyyy story please

lol when SHTF bitcoin is going to zero and metals are going to the moon. Why do so many plebs on here think bitcoin will moon when every fiat on the planet collapse?

When this massive deflation or hyperinflation happens, normies wont put a single cent into crypto, they’ll put it all in gold/silver like they always do

Attached: 298EC2BC-CB16-4FEE-8A86-833620D933FE.jpg (1225x810, 276K)

Yeah I don't know why I included btc for that scenario. I do think at some point we will see btc used along with a basket of goods to back stablecoin currencies or a reserve currency.