My major problem with gold

I think Venezuela bought gold from Europe and it was stored in European banks. I don't know the full story, all I know is that they demanded their gold, which was theirs by right, and Europe simply refused to send them their gold by making up some excuse like dictatorial regime etc.

this! btc is so much easier to secure against every and all threats... for example, could you hold this for me? i may need it later and it's possible my home will burn down!

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there is no need strictly speaking it's impossible to confiscate btc or stop it at borders.

I just need you to once fuck up and disclose your address, then I will cut you to bits until you give me the private key

i can't speak for retards, but they can't confiscate mine.

impossible to confiscate, yes
but if you use your wallet I will find out how much money you have, and splitting the money does not help
imagine that smell

there is the private key... on millions of copies all over the internet. also secured offline at multiple sites. can you do this with boomer rocks?

I need a drill and fork
you might reconsider your options

i can just send it straight to an exchange dude which is a big tumbler for you.

you cannot deny you have the money as it is visible and 100% verifiable you have the money

dude, your bitcoin is garbage.

>they can confiscate them
>only a few merchants worldwide accept bitcoin >without electricity: no bitcoin

now screw you, nu male faggot

KYC exchange right
because BTC is legitimate
the one using the drill on you might be the goberment

it's a long long long term investment, gold is bound to go up it's a finite resource

Jesus christ....you people are so stupid MUH GROCERIES, you are all like a pack of parrots repeating the same bullshit

Listen dipshit...I'm about to fucking redpill you completely on gold.

Gold is REAL SAVINGS and REAL MONEY. There is no fucking risk.

The DOLLAR VALUE of GOLD is IRRELEVANT. A gold ounce 900 years ago is still that same ounce of gold today. It doesnt fucking matter if the dollar exists or not. If the dollar dissapeared from planet earth tomorrow morning, my gold is unaffected. That is the ENTIRE POINT in buying gold, because fiat is a scam and you want money and wealth for when fiat collapses.

All the dollar price of gold represents is how unstable, volatile and lack of store of value the dollar is. As a gold holder, I in fact do not want gold to go to 10k/oz. I would prefer it goes back down to 300$/oz. Why? Because a low gold price means our govt isnt out of control anymore and has become fiscally responsible. ALSO...I do not lose at all if gold goes down to 300$/oz because a gold price at 300$/oz means a loaf of bread will cost 95 cents like it did in the late 90's. So in real terms you dont lose.

Now what will probably happen is gold will be revalaued to 25k or so overnight to purge all the debt from the system, there will be chaos but THATS how YOU MAKE IT WITH GOLD. Gold rockets up overnight followed by a deflationary collapse of all asset prices and a median priced home in america thats like 180k right now will cost 50k after the collapse and then 2 ounce of gold (exchanged into the new currency/crypto) will buy you a home outright.

Remember the story of the hotel bellcap in weimar republic germany wheere he had a measly 25 ounces of gold saved up and after hyperinflation he was able to buy an entire city block with that measly 25 ounces of gold.

Gold going up in dollar terms just means everything else is melting down around you. You make it with gold after a currency reset and buying assets for pennies on the dollar

>sends bitcoin to an exchange

lol

and gold or cash or diamonds or whatever boomer shit is impervious to the drill method?

no it is worse
BTC is better
but privacy cryptoes are the complete solution
gold is store of value
coins are tools to send value over

>Now what will probably happen is gold will be revalaued to 25k or so overnight to purge all the debt from the system, there will be chaos but THATS how YOU MAKE IT WITH GOLD. Gold rockets up overnight followed by a deflationary collapse of all asset prices and a median priced home in america thats like 180k right now will cost 50k after the collapse and then 2 ounce of gold (exchanged into the new currency/crypto) will buy you a home outright.

thats my dream

>just gold bug things

Seriously people not getting into crypto have a learning disability.

This reminds me I need to put some backups in my email. Just in the off chance my fireproof safe gets 9-11'd. Second best part of doing this is all you need is the encrypted private key. That way your public address is hidden as well. Not only would a person not be able to steal your funds, but they wouldn't be able to tell how much you have either by checking the public address.

I actually have you to thank for showing me this, namefag. I was doing it all wrong before, hiding everything behind pgp. I disagree with you entirely on btc and bch though lol

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Moreover, it was GOLD that gave value to the dollar, so why in the fuck would you be valuing gold in terms of worthless paper dollars.

You measure gold in terms of other real assets of which it is veyr undervalued, and silver is out of this world undervalued, which is why in venezeula 1 ounce of silver will buy you 4 months worth of food on the black market. The dollar price of silver is 15$. 15$ doesnt even buy you dinner at Five Guys, but when fiat collapses that silver ounce buys you months worth of food.

A days wage for most of himan history and even today in underdeveloped worlds equaled a silver piece the size of a silver dime. The only reason a days wage is $150 today is because of inflation.

Every single ounce of silver you buy right now is equal to 14 days wages historically since a 14 silver dimes equals 1 ounce of silver. So if you go out and buy 500 ounces of silver you will have roughly 20 years worth of days wages historically.

And it will probably be 2-3x that amount beause there are billions more people on the planet and much less silver available.

THE PRIMARY FUNCTION OF MONEY IS TO MEASURE VALUE. Gold measures value perfectly, the dollar measures value horribly.

100 years ago a good weekly salary was 20$ and 1oz of gold = 20$. Today that 20$ you earned 100 years ago doesnt even buy you dinner at a bar, but that gold ounce at $1300 is still a good weekly salary.

>without electricity: no bitcoin
Or anything else that matters. No electricity requires bullets and food.

So you know how in places like bangldesh or wherever people earn the equvialent of 2$???

Well if you go buy a silver dime at a coin shop it will be about 2$.

So you basically have the greatet oppurtunity of a lifetime right now. Since someone making say 150$/day is making the equvialent of 10 ounces of silver per day, which flies in the face of all sane economic historical reality.

Jews like Ben Shekelstein shilling for gold does not improve my trust in gold.

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>Seriously people not getting into crypto have a learning disability.
you know there are people who lost a lot of money in crypto? you are probably one of them, now hoping for the next bullrun, because muh lambo

this bullrun will never come again, deluded 16 year old anime fag

Here is how dumb crypto people are. They market crypto as the new gold, while at the same time being anti real actual gold. It defies logic.

Crypto has its place but it isnt real money.

Here is a pro-tip morons.....the reason you are invested in crypto is because the dollar is dying....unironically because gold doesnt back the dollar anymore.

You arent fucking investing in crypto to buy fucking starbucks, you are investing in it because it is impossible to MAKE IT TODAY with massive inflation BECAUSE we went off a gold standard.

60 years ago you could fucking work some menial blue collar job and easily raise 4 kids with the wife at home raisng them. Today if you make 100k a year its virtually impossible to have even just 2 kids in any city of suburbs

So fuck it, don't buy then. What do you want us to do about it?

you just made a bullish case for gold. Every gold person knows the banks are lying about how much gold they have. The problem is many people still trust the banks or at least hope.the secret doesnt get out or get validated.
When eventually someone major says fuck you where is my gold and there is found to be none or its been rehypotecated away Panic will set in and gold prices will readjust.
The problem is actually when will that happen..Honestly who knows.
That said im not anti gold however there are better real asset alternatives than owning gold.

example timberlands. You get a yield from them and people will never not need timber and there are plently of auxiliary uses for timberland and the timber they produce.
You could own 100k of gold and it wont produce a penny.

buy ice cream
it has more intrinsic value per dollar than gold

1. Gold is a commodity. People can buy, sell, pump, dump it freely. Gold price has crashed many times in history. It is not safe from manipulation or devaluation. It will never be.
2. Moving signifcant amounts of value in gold is non-trivial. Many people lose it all when fleeing during war. Ask western chinese who fled from the communist era for example. Many had to leave their gold behind or it got stolen at the border.

i can sell them on the street nigga (especially after adoption), i can use localbitcoins i can use a fucking chink exchange that gives zero fuck about us authorities i can buy a coinbase reg from a pajeet for $100 exchange to zec and disappear with it.

really? you can say for 100% i did not just downloaded that image but i actually own the btc?

Yeah, I want money. Sue me. I also want an end to the beast system and to have sound money. Crypto is better than PM in every single way except one and that's electricity, but as I said before without electricity I dont want your shitty metals either. I want food and bullets.

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>especially after adoption
is that like the second coming of satoshi
what adoption, BTC can't do it you are paying 30 dollar fees

>Second best part of doing this is all you need is the encrypted private key.
that's true, but i'm trying to make a point here so i did something stupid on purpose.

3. The scenario goldbugs are betting on (the system failing but gold becoming money again) might never happen or only happen centuries from now. Suppose you were a goldbug for the last 30 years. That's half a lifetime. Stocks, crypto, and many other investments beat it, hard. People secured their families' future and the goldbugs didn't.

gold isnt pumping and dumping. fiat is pumping and dumping. Gold is just savings. thats it.

You can go read a bible passage from 2,500 years ago how 1 ounce of gold could buy you 350 loaves of bread.

Guess what? If you take that same gold ounce to a coin shop today and exchange it for fiat you'll get $1,300. If you take that $1,300 to Safeway to buy bread you'll still be able to buy roughly 350 loaves of bread, with bread being about $3.50 a loaf today.

you spend 1 satoshi for coffee
i know you address and the full history of that satshoi, i know it came from a bigger wallet that is yours

you go on and buy 1 dorito with paulo , palulo calls me to get the drill

Gold is STILL money dude. Why do you think gold is $1,300 right now, and 18 years ago it was $300?

And in that same time frame prices and cost of living have skyrocketed. Its almost as if gold is tracking how worthless the dollar is becoming.

Gold is still money and still valuable despite being demonetized 60 years ago. What does that tell you? That tells you gold is still money.

Nobody bought shit with gold in the 1950's. Its purpose IS TO BACK THE CURRENCY, and can also be a currency if need be but obviously we arent going back to that, but golds main role is that it is money. Dollars are not money they are currency.

How can you guys not assimilate such basic common sense?

>They market crypto as the new gold, while at the same time being anti real actual gold. It defies logic.
it doesn't if you think about their fundamentals. btc -> capped supply decreasing production only 21 million ever
gold -> uncapped supply exponentially increasing supply 6 billion oz already mined
btc you can easily store at multiple locations in plain sight if you want high redundancy gives you better insurance against everything it's easy and fast to move unlike fucking boomer rock gold.

I hear a lot of gold shills say that gold is an "uncorrelated asset" doesn't your assertion suggest that the there is a correlation between price of gold and price of bread?

we will see, if i thought there will not be 100x in adoption pretty soon i wouldn't be running my mouth about btc here.

>tfw bch has cashshuffle on the wallets now

I've never been more comfy spending bitcoin than I am now. It's no Monero privacy, but I'll take it.

BTC is shit
its only sales point is, it only goes up

yeah bitcoins public- anyone can see whats in your wallet system is- dangerous
its like walking around with your bank balance in large fonts.
its why im so pro monero

so you gonna be able to get my id and address form a coffee shop where i bought without giving them fuck all? that's fucking magical.

BCH is on the right path
you can do anonymity in many ways, but it is essential
cash is anonymous

Gold has pumped and dumped relative to fiat and corrected for inflation many, many times in (not just recent) history. Like any thing you can freely buy and sell. It's as if markets are based on human psychology!
Furthermore food production has become way cheaper because of technology, 1300$ gets you more than 1300 loaves if you're not a retard about it.
But your position is that at any time in history 1 ounce of gold got you 350 loaves of bread? What goldbug blog you got this ridiculous fact from?

Paulo there is a gringo here he has 4 BTC

btc is the only one trustless permissionless publicly audited ledger to date that is secure. end of story.

Gold is easy to debase. A fiat peg on bch would work 1000x better and it would be a lot easier to account for.

gold-eagle.com/article/coming-revaluation-gold

>The revaluation of gold does not mean that prices of goods and services will rise in tandem with the higher price of gold. Established prices will by and large remain the same prices that existed before the revaluation. However, prices will have to re-adjust to reflect the new economic realities. Many goods that we have taken for granted will disappear, as their artificial cheapness vanishes.

>Another characteristic of a world that has begun to trade with gold-backed currencies as money, will be that one-way flows of gold from one region to another, or from groups of countries to a single country, will be impossible; such a flow would become a permanent drain on gold for some region or some country, and a permanent increase in gold for some region or some country. Eventually the gold would tend to pile up in some region or country, leaving the rest of the world with a lack of gold.
For a visual appreciation of the coming conditions, we have provided a few graphs. The first column illustrates the present condition, with present CB Reserves at $11.025 Trillion dollars, plus an estimate of CB Reserves of 31,110 tons of gold at $1,100 Dollars an ounce (according to an authoritative calculation of 183.000 tons of gold in existence at present, of which 17% are calculated to be held as Reserves by Central Banks around the world). The second column presents the present CB Dollar Reserves, below CB reserve gold revalued at $22,000 Dollars an ounce. The third column presents the present CB Dollar Reserves, below 50,000 tons of reserve gold revalued at $50,000 Dollars an ounce. We use the larger figure for CB gold, because some analysts think that China, and also Russia, have far larger gold reserves than they disclose

Who like silver

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honestly why the hate. Do the smart thing get some crpto and some gold. but honestly the smarter choice is to just buy gold stocks

>ignores literally every feature

THE PRICE THO

nah you will see that i got 0.0001 btc on that address i pay with. it's also possible that everyday purchases (assuming lightning is a bust) will be done via service providers and online wallets, while my actual wealth will be nice and secure. same as how you don't pay for coffee by shaving scraps off a gold brick.
you are trying too hard just accept that btc is safe as fuck compared to everything else but even there you will have some amount of risks.

IT IS NOT
there are hundreds of cryptoes that are on par and most are better

i don't like gold much but i absolutely fucking hate silver. fuck silver!

are you willing to wait 20 30 years for gold to go up to 50k.
even if fiat is shit its still money and that money sitting as gold doesnt have the same opportunity cost

yes. Gold is an asset.

I am gonna attach those electrodes to your balls
you are walking around with 200k in cash bro

There is no hate, I'm educating people. Goldbug blogs use half truths to, guess what, sell gold. Nothing wrong with a couple percentage hedge in PM's.

Why

Just as outdated as gold.

assets produce income so you can buy more of if. gold isnt a liability but an asset its not

>smarter choice is to just buy gold stocks
If I were to buy gold (and I may get a little for novelty) I'd buy physical. With stocks you dont own shit.

no there is no other that has btcs fundamentals and i'm not talking about tech here. see this list of worthless crap! they can all do what btc can do in theory but not in practice. because bitcoin is consensus first and foremost but it's also the hashpower and the code. just the code ain't worth shit tho.
Bitcoin Cash (BCH) #478559
BitcoinX (BCX) #498888
ABitcoin (ABTC) #498888
Bitcoin Hot (BTH) #498848
Super Bitcoin (SBTC) #498888
Bitcoin Platinum (BTP) #497757
Bitcoin Oil (OBTC) #498888
Bitcoin World (BTW) #499777
Bitcoin Stake (BTCS) #499999
Bitcoin Faith (BTF) #500000
Lightning Bitcoin (LBTC) #499999
Bitcoin Cash Plus (BCP) #501407
Bitcoin Silver (BTCS)
Bitcoin Uranium (BUM)
Bitcoin Top (BTT) #501118
Bitcoin Pizza (BPA) #501888
Bitcoin File (BIFI) #501225
Bitcoin God (GOD) #501225
BitEthereum (BITE) #500283
Bitcoin Smart (BCS) #505050
Bitcoin Ore (BCO) #501949
Bitvote (BTV) #505050
Bitcoin Interest (BCI) #505083
Bitcoin Rhodium (BTR)
Bitcoin Atom (BCA) #505888
Bitcoin Private (BTCP)
Bitcoin Hush (BTCH)
Quantum Bitcoin (QBTC)
Bitcoin LITE (BTCL)
BitcoinClean #518800
Bitcoin Lunar (BCL)
Bitcoin Prime
Anonymous Bitcoin (user)
Bitcoin ABC (ABC)
Bitcoin SV (BSV)

You have to understand. When you buy amazon stock you are doing so for a completely different reason than when you go to a coin shop and buy an ounce of gold.

When I Amazon i want the fiat price to go up.

When I buy gold, the fiat price going up is not a good thing.I want the fiat price of gold to go down, but if it goes up and or a overnight revaluation then Ill be sitting pretty to scoop up real assets for pennies on the dollar for what it cost me to buy that gold in the fiat paradigm.

You guys are not thinking the right way. GOLD IS SAVINGS AND MONEY.

STOCKS ARE INVESTMENTS.

GOLD IS NOT AN INVESTMENT

Bitcoin Segwit is a fork too. Its deviated more from the whitepaper than bch, by far.

fuck off with these fork
the only legitimate fork is BCH and it is more useful than BTC and it pumped more in the bear market you cuck

how about
Monero
Zcash
Dash
Zcoin

Gold is a market, just like any other market. It 100% behaves as any other market ever. This has been studied as far as millenia back, e.g. the roman empire.
The takeaway is that everything moves in trust cycles. Fiat can (evidently) be printed at insane rates and still not crash, as long as people believe. Since USA is by far the most trusted entity for economic participants that matter, the dollar actually gained in strength while goldbugs were screaming "any time now". Traders missed the biggest stock runs in history yelling"any time now"!
It has nothing to do with being coupled to gold or not, since the price of gold and other PMs has gone through the same fucking cycles in history. Conveniently ignored by goldbugs.

This is utter bullshit. This comment is proof the govt fucked up the entire education system. GOLD IS A FUCKING ASSET. ITS LITERAL FUCKING SAVINGS.

You could have been alive 2,500 years ago and have a gold ounce in your pocket and if you were able to live for 2,500 years until today in 2019, with that gold ounce in your pocket, your wealth would still be with you.

And you are telling me it is not an asset?

Is a home an asset? Even if I dont rent it out to make money?

segwit is an opt-in addon you don't have to use if you don't like or trust it. i don't so to me btc didn't change one bit. adding layers to the base protocol without changing the base protocol and adding optional changes is perfectly fine in my book. it's also contrary to cashie mythology childs play to roll back segwit. we can abandon it without forking even.

Monero hands down.

>fuck off with these fork
it's just proof that code and technology in itself is worthless. btc is not the best crypto in any one technological regard it's just the best and most important overall.

>the dollar actually gained in strength while goldbugs were screaming "any time now"

LMAO... 100 year ago a good weekly salary was 20$. 20$ = 1 oz of gold 100 years ago.

Which is more vauable today? That 20$ of the ounce of gold?

You people are retarded.

store of value = gold
coins = tools

you are desperate bag holder of the legacy tool btc

The point that you all need to realize is that gold doesnt need to be shilled. ITS FUCKING GOLD

vat premium cost of delivery and store adds up to 30-40% to me and silver is disinclined to go up as the fiat deappreciates. i would also have to pay taxes on any "appreciation" not including costs. (boomer logic) thank god i only have a few oz i keep it in a "pirate" chest on display to remind me of my folly. meanwhile btc went from around $100 to $5k.

we will see nigga, in the next 1 or 2 decade i'm betting on bitcoin ruling supreme before it really hits the scaling limits hard.

Money is supposed to be stable fuckwad. You arent supposed to earn 100$ and hold it for 7 years and then be able to buy a mansion with it.

When they started issuing dollars backed by gold nobody fucking worked for a week and made 20$ and then just held it in a piggy bank hoping it would buy them a 100x the amount of shit 6 years later than when they earned it.

>cashie mythology childs play to roll back segwit
There was no roll back, it never had it. Segwit makes btc not meet the definition of bitcoin/blockchain. As a blockchain is a series of digitally signed transactions. Segwit is more insidious than people realize.

I'm so sick of hearing this opt-in nonsense. Whether you use Segwit yourself or not you're transacting with those who do and share block space with. Continuing they say LN is opt-in, but it's really not when fees and transaction times are super high.

Even if btc actually scaled up blocks, there is no going back because of Segwit. It's literally destroyed the chain. Also I don't think Core can increase blocksize anymore anyway. They've got themselves too deep on LN.

At one moment you say that the price of gold is correlated to the price of bread and another moment you say that gold price is uncorrelated. Which is it?

If the price of bread suddenly goes up, imagine that there is a shortage or wheat or whatever, does the value of gold accordingly go up with the price of bread or not?

All of your statements are like religious doctrines.

Money being stable is literally impossible. Markets are cyclical, made up off people all working in their own intrest and with varying levels of power, and will thus fluctuate.
The loaf of bread is a great example. 1 ounce of gold was worth 350 loaves, nowadays the true value of a loaf of bread through mass production is sub dollar.
Funny how your own example works against you.

>All of your statements are like religious doctrines
I'd laugh, but I'm just as fanatical about crypto.

where do you buy gold?

retail sellers in my town sells coins, bars etc.
but the price is higher than the market price

Gold was 20$ 100 years ago.

Today gold is $1,300

Is this price rise because of increased demand? Or is it because it is based on the devaluation of the dollar?

I dont see many people buying gold. I bet less than 1% of the population owns 1 ounce of gold.

When I was growing up in the 80's investment advisors always said keep 5%-10% in physical gold and thats when shit was semi stable. today we are 20 trillion in debt and you never hear investment advisors saying put 10% of your net worth in physical gold.

So clearly the price rise from 20$ to $1,300 in 100 years has nothing to do with supply and demand.

>but here is a major problem that I see
your major problem is youre a poorfag. real men hodl gold

Why wouldnt the price be higher than the market price???? You expect some dude to open up a coin shop and buy a shit ton of gold and sell it to you for what he paid for it?

When you go to Subway to get a sandwich do they sell you the sandwich at cost? or do they try and make a profit like every business in the world?

Not to be a dick at all or disrespectful but do you guys know what thinking is?

Is it hard for a brainlet to understand that the value of fiat and gold BOTH fluctuate due to multiple causes?

but to answer your question, yes at coin shops