The gold and silver whitepill to end all crypto vs gold faggotry

Of course it's possible. It's also possible for shells and giant stone wheels to be used as currency. The point is that gold, shells, and stone wheels are not used as currency. While gold can be money, it currently is not.

Commodity (n) a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.

GAS THE BANKERS

Just because the faggot govt says gold isnt money doesnt mean its true dude.

LIKE I SAID ABOVE...

20$ was a good weely salary 100 years ago. And 20$ equaled 1 oz of gold. Had you worked 100 years ago for 1 week. Which would you have rather held in your pocket for 100 years to spend today? the 20$ or the gold ounce?

Obviously the gold ounce because when you exchange that ounce for fiat you get $1,300 which is still a good weekly salary. SO CLEARLY GOLD IS STILL MONEY TODAY, while the dollar is a shit poor excuse for money.

>Why do you think "income inequality" is a thing in the first place? Under a gold standard the term "income inequality" dosnt even exist.
income inequality still existed under a gold standard retard
>A min wage earner in 1964 had about 2 times the purchasing power as a min wage earner does today because we had sound money back then.
labor force doubled with when women started entering the workforce in the 60s

going back to a gold standard would help defend against the government inflating the dollar but don't pretend it will solve all of the problems.

Just because you say that gold is money doesn't mean it's true dude. What is money? Money is something that is a unit of account, medium of exchange, and store of value. Of those three functions, gold only serves as a store of value, like other commodities do.

both Crypto and Gold are retarded

What yield you getting on those rocks?

Nobody fucking knew of or used the term "income inequality in the 50's and 60's. Are you telling me "income inequality" was a top 2-3 presidential issue back then like it is today?

If gold isnt money then why the fuck has it been money for thousands of years?

Gold fits ALL the characteristics of money. Rare (but not too rare), indestructible, anonymous, unit of account, medium of exchange, fungible, etc etc.

"Gold is money, everything else is credit." - JP Morgan (1912 testimony to congress before his death)

>Are you telling me "income inequality" was a top 2-3 presidential issue back then like it is today?
No, but lets not pretend income inequality didn't exist back then. It certainly has grown to be a bigger issue, and moving away from the gold standard has played a part but it's retarded to say that's the only reason.

"Being money" is not an intrinsic property of things. What is and is not money is determined by actual usage. Gold was money, but no longer. It is not used as a unit of account or medium of exchange on any serious level.

Morgan made that statement when we were still on the gold standard.

So why is gold $1,300.oz today? Nobody uses it, govts have demonetized it.

I mean for all intents and purposes, gold is basically useless right now. So why is it $1,300/oz?

Thats fine, but its a pretty big reason. Of course it might not be 100% of the reason, but it certainly isnt only 20% of the reason.

>Nobody uses it
Of course people use it. It has industrial applications, is used for jewelry, and is used as a store of value. What people don't use it for is as money.

gold is a natural resource. you can't "back" humanity forever on a natural ressource. we have the technology to do without, and that's fortunate, because at some point we would have had to deal with that issue. bitcoin will measure value better than gold. since it's digital, it will always be more efficient than a natural ressource.

Gold being used in industry isnt the reason the price was at 300$/oz in 2002, then jumped to $2,000 in 2011, and is now $1,300 a good 4x higher in fiat value than in 2002.

Yes, a store of value. Pretty much the #1 attribute of money. Something the dollar does not possess

That's fine, but the fact remains that it still isn't money.

If we are going to say that money has a #1 attribute, it's as a medium of exchange. Also, the dollar does serve as a store of value, it just sacrifices long term value for short term stability. If you have a dollar today, you can be confident in its value tomorrow.

You have a child's understanding of money.
You said so many wrong things, I'm not going to go over them. Even if I did, I have a feeling you'd still be raving about gold and the IMMINENT collapse of the dollar till the day you die.
If you're worried about inflation, just buy TIPS, but stocks generally outperform them.
Gold is in the past. We have a new system now. Gold just sits there. Investments let you profit from other people's work. Nobody cares about gold.
Stop being poor. Sell off your gold already, so that you don't strain yourself all day every day trying to get others in on your hopeless cult.

Your logic is off. The issue isnt that gold cant measure value, gold already measures value perfectly. Bitcoin wasnt created because of a fault with gold being able to measure value.

The dumbest people in crypto are those that are trying to make a case for bitcoin over gold. Bitcoin gaining relevance has nothing to do with anything being wrong with gold. Unironically bitcoin was created BECAUSE the kikes took us off a gold standard, but has nothing to do with gold in anyway whatsoever.

I mean people in crypto literally market bitcoin as the new gold. I'm not against crypto, but it is logically retarded to be anti-gold when you are literally trying to market you invisible coin as the new gold, and the reason you are marketing it as the new gold, has nothing to do with any problems with gold in the real world.

There's a app for that, With a contact less mastercard.
So yes.

>If you're worried about inflation, just buy TIPS, but stocks generally outperform them.

Thats the point retard, inflation. Why do we have massive inflation? Because we went off a gold standard.

I invest in stocks and crypto. Those are investments. Gold is money and savings.

You do know that there is a difference between investments and savings, right?

Thats the fucking point...gold is just supposed to sit there. Nobdy is saying put 100% of your shit in gold. But putting 100% of your shit in dollar denominated rigged overinflated stock market because of criminally supressed interest rates, then you are a dumb nigger.

Even when we werent 22 trillion in debt in the 80's or 90's it was still sound advice back then to keep 10% of your net worth in gold.

I bet if you interviewed 100 money managers to manage your portfolio for you and they broke down what they would be putting your money into or suggest you put your money into....i would bet ZERO of them would say buy actual physical gold and silver, even if its just 2% of your net worth.

Is the merchant actually being paid in gold, or is the app selling your gold for fiat that it then transfers to the merchant?

If there is no store of value then the money doesnt exist bro.

Good thing there is then.

Man, I kind of feel bad for the people getting sucked into precious metals. They really haven't run the numbers. It's either a speculative position or a potential hedge, and the spread on buying the metals themselves from a broker almost never works out in your favor because of a combination of fees and the fact that they sell above spot price and buy below it.

Now, would I speculate on them? Hedge with them? Conditionally I might, but I wouldn't "invest" in them or hoard them on the presumption of some kind of monetary collapse reverting us to using shiny minerals as a medium of exchange.

Fucking this, idiots dont even realize why we fought the revolutionary war. Too bad the kikes established a fiat ponzi anyways, its not sustainable forever though
you can make your pixy dust fiat gains for another 3 decades SMshitter, it only takes 1 day for us rem holders to be right and 1 day for your fiat bags to become obsolete
>why isnt it
two words, Future Derivatives
>more efficient
if plebcoin reached golds market cap, plebcoin would account for 20% of the worlds co2 emissions, no way any climate change hoaxer buys into that shit, PoW is flawed, china owns all miners its centralized and they can 51%, holdings are centralized too with 90% of plebcoins in existence in a mere 1000 wallets, plebcoin is slow as shit and isn’t scalable, yet retards will stay believe that it will become the global currency for daily tx’s

looks like the retarded goldbug is sweating at the idea that a large portion of mcap in gold will go into bitcoin.
just look at the inflation-adjusted chart moron.
macrotrends.net/1333/historical-gold-prices-100-year-chart
From 1935 to 1971 and from 1980 to 2000 gold kept losing its purchasing power. Buying gold is all about timing the market.

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>nobody cares about gold
The kikes that paid you for this post stack it to the ceiling

Gold is real money and real savings. How the fuck can you claim that gold is speculative? You are living proof that public schools ruined this country.

Get it through your head. GOLD IS ACTUAL REAL SAVINGS.

A gold ounce 100 years ago was a good weekly salary and equaled 20$. Today that same gold ounce you earned 100 years ago is still equal to a good weekly salary at $1,300/oz....while that 20$ you earned 100 years ago has lost literally all of its value.

How are you people not able to think at all? Gold is the literal opposite of a speculative position.

How can you retards now understand the difference between savings and investments? Some of your fiat you put into investments, and some of your fiat you put into real savings.

How can you people not grasp this shit?

>Get it through your head. GOLD IS ACTUAL REAL SAVINGS.
no it's not retard see chart

Bitcoin could have 50 times the marketcap that gold does, and it still wouldnt change the value of gold one bit.

MONEY isnt supposed to go up and down in value you retards.

When they started issuing dollars in america do you think people earned 20$ and then held that 20$ in a safety deposit box in hopes that it would buy them a mansion 7 years later like with bitcoin?

>how can you people not grasp this shit
Decades and decades of kike brainwashing through the education system, media and news. Little do they know their same indoctrination overlords never stop buying rem, but tell paid shills to say its a worthless rock.
Just let them keep living in clownworld until this shit implodes

That is just manipulation in the short term. Yes, if i buy gold today and it goes down to 900$ and i sell then i lost purchasing power, BUT when you buy gold you arent buying it to sell it back for fiat. You buy gold for the reset, but over longer periods of time you value is stored.

You can read a bible quote from 2,500 years ago saying that 1 ounce of gold bought you 350 loaves of bread. Guess what? If you sell that same ounce of gold from 2,500 years ago today, youll get $1,300 and with bread costing about 3.50....you can still buy roughly 250 loaves of bread.

Now suck it

>muh chart

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is my country going to get completely JUST'd?

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it counts over the very long term which is totally useless for a human lifespan. What can't you understand in "From 1935 to 1971 and from 1980 to 2000 gold kept losing its purchasing power"? You buy gold in 1935 and your purchasing power (you know, the thing you want to preserve, moron) keeps falling for 36 fucking years. What an amazing saving!

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Get out while you still can

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The fucking lifespan doesnt matter. Doesnt matter if you live 3 years or 300 years, the point is that gold has held up as money for thousands of years, and even today despite being de-monetized by govts.

Human lifespans or years lived are irrelevant.

>gold is MONEY

typing in uppercase doesn't make it so

Also, did the dollar lose value in those two time periods? YES

Also...what gave the dollar its value? Oh yeah, gold.

Also, you never value gold in terms of dollars.

If it helps you sleep at night when you should have exited gold in 2012 then good for you. Only recent times when buying gold was a good move was in 2000. And sell the bags to goldbugs in 2012 to buy real estate.
Gold isn't a hedge against CPI. USD value counts because you arbitrage it with other goods.

Monetary system with a bit of inflation and we can keep getting forward as a society. It hurts savers but for the greater good of the economy overall.

>savings
>Thats the fucking point...gold is just supposed to sit there.
So it's pointless. I didn't want to laugh at you, but you're making it difficult.
>dollar denominated rigged overinflated stock market because of criminally supressed interest rates
Keep raving like you know what you're talking about.
>MONEY isnt supposed to go up and down in value you retards.
In this system it is. Nobody cares what you want it to be in your fantasies. You're wasting your life raving into the void.

Buy dgd or dgx then you pleb

Why are so many pinning their hopes on bitcoin making it so they make it?

Because cost of living is skyrocketing right?

Why is cost of living skyrocketing?

Gold Isn't pointless is fucking stores value that's the point

"In the absence of a gold standard it's impossible to protect savings from confiscation through inflation - there is no safe store of value." - Alan Greenspan (1966)

Uh, no it wouldn't. If you want to take the power out of Washington, you have to take away what backs the power of the dollar: the labor of the citizens of the U.S. That means many, many people would all have to resign their jobs and find a way to make a living without using government money. This can be done legally such as living on a farm and growing their own food and selling the surplus (feeding the government, potentially) to pay off property taxes and to pay for certain necessities that they cannot create themselves or it can be done quasi-legally by working with a bunch of other people and exchanging services without the use money. Technically, this is barter and the government expects people to pay taxes on it.

Even then, Washington would still have a lot of power if people in other countries need the U.S. dollar. So long as the dollar can be used to buy the labor and ideas of people or physical goods such as land or commodities, Washington will have power.

there's no reason to be anti-gold nowadays. we don't have a lot of gold right now. but bitcoin is simply a better gold. it doesn't have to be backed by gold, it would make no sense. bitcoin has value in itself, like gold. bitcoin is more efficient, and more suitable for technological progress than gold.

Don't worry. You can just sell the rest of Vancouver and Toronto to China. Meanwhile, Canada can buy into Trudeau's idiotic ideas and take in all the illegal aliens the U.S. doesn't want and show the world how beneficial to a country those illegal aliens are.

>if plebcoin reached golds market cap, plebcoin would account for 20% of the worlds co2 emissions, no way any climate change hoaxer buys into that shit, PoW is flawed, china owns all miners its centralized and they can 51%, holdings are centralized too with 90% of plebcoins in existence in a mere 1000 wallets, plebcoin is slow as shit and isn’t scalable, yet retards will stay believe that it will become the global currency for daily tx’s

a lot of your points are flawed, the worst has to be about the tx, it's like wanting to program in binary, you don't, you build layers on top to make tradeoffs (performance/security/usability etc)

>income inequality still existed under a gold standard retard

You mean people getting paid for their labor's worth? He's talking about people getting the value of their money printed out under them without wages rising to compensate for it. You either INVEST, which requires excess income, or you lose.

I'll accept payments in silver or crypto no problem

Most of those points albeit the last one cannot be flawed as they are statistically facts. Keep hodling btc to 0 lad

I stopped explaining this to people who don't care to understand the basic gist of precious metals and their purpose. The people who do get it will likely stack some quietly just in case.

those are not even good points, you talk about 51% attack, well, go tell china to do it and let's see what happens, it's weird that bitcoin hasn't been compromised yet with such a high worldwide exposure, makes you wonder why

It's even nastier than that. If you have enough money to earn a reasonable rate of interest in a savings account or certificate of deposit, the rate of interest is actually less than the real rate of inflation. So right there, you're already losing purchasing power. However, to compound matters, you are taxed on the interest you are paid. A fairer tax would be to allow a certain amount of capital gains, interest, or dividends to be free of taxes to cover for inflation and the remainder to be taxed.

>Because cost of living is skyrocketing right?
Not skyrocketing. Increasing. So do wages. Grow up.
There's no point to "savings". Also, nobody cares about the one cent you lose to inflation on your liquid assets.
gold/savings = pointless
Get it through your skull.

But the question is WHY is cost of living increasing in the first place so wages have to keep up?

Who is benefitting from the increase in cost of living?

Oh yeah.... the Jews in the govt and the federal reserve who are confiscating all our wealth through inflation

I have 5000000 ounces of corn . Will I make it?

>Bitcoin isn't gold but its a better gold

>even tho there was never a problem with gold in the first place. They just took us wolf the gold standard.

>But the question is WHY is cost of living increasing in the first place so wages have to keep up?
Grow up. It's how the system works.
>Who is benefitting from the increase in cost of living?
Everyone who lends money or is otherwise invested into the economy, you highschool dropout.
>the Jews in the govt and the federal reserve who are confiscating all our wealth through inflation
Wrong, you childish racist conspiracy mental retard.
Anybody, even you, can buy treasury bonds to join in this "confiscation".
Gold salesmen are making money off mentally ill people like you.

Unironically both. The new paradigm will be a precious metals backed currency, with BSV (= globally scaled Bitcoin) as the infrastructure and plumbing allowing for great financial flexibility in transfer, record keeping, banking, etc.

The people trying to take out the central banking system are working on many fronts, and both Craig and Trump is part of this alliance with a multi-pronged attack. They are preparing and building the new system that will be the solid foundation when the jew ponzi system collapses.

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Yes. You will most likely be annexed by the US as a prison colony for cucks and communists though, so keep your spirits up.

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bitcoin was created to counter that

It's pretty much always a losing proposition to sell gold or silver

They’ll time it right to max out profits, they have so much room to dump on you guys its insane

its not, moron. just watch a chart.

To counter what? The annexation of Canada?

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Is silver a good investment? It's so much cheaper than gold atm.

And when is that going down?

Yes i dont even own any gold atm
Mining ratio for gold to silver is 1:9 but the current trade ratio is something like 1:85. Silver has more industrial use cases as well.
Hardware tech (computers, phones, cars, solar panels, batteries) is the future and said hardware tech needs silver, silver = future. I wouldn’t be surprised if we even saw silver per ounce surpassing the price of gold within a few decades. Silver is at an all time low, but anons on biz only buy the top and sell the bottom

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Chinese are buying retail and shit all over the US cause they know their currency in every sector is doomed. Fed contemplating QE4. Stock market in huge bubble. Whole global economy based on the doomed to fail dollar. Silver $/oz very low. The whole world is stacking up on precious metals. The whole world will turn to precious metals when the dollar fails.

Will ou be caught with your pants down? If you don’t PHYSICALLY OWN any gold or silver, AT LEAST 10% portfolio, you’re a fuckin brainlet.

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You don’t own precious metals to make money, you own them to HAVE money. The dollar isn’t money, we will found out very soon.

I don't know if it's true but I've read that in Venezuela 1oz of silver can purchase 6 months worth of food.

> year of Our Lord 2019
> Still engaging in goldbuggery

>washtrading, the boomer rocks version

how is this different than crypto exchanges botting false volume ? Zero evidence that these are individuals organically withdrawing more gold.

This, anything below 10% is suicidal, instead biz would rather invest bullshit volatile internet coins with no intrinsic value based entirely on arbitrary speculative hype, or into the all time high top of the massive bubble stock market, both of which looked at with premise of cashing out into fiat. All fiat over history has failed and all will fail, the USD isnt anythint special. FED even admits verbatim that “default is impossible because we can always just print more money, but we cannot guarantee the purchasing power of that money”, but biz will still deny that the USD cannot and will will not ever fail. For every dollar thats printed, that dollar further devalues all other dollars in existence, they’ve been doing this for almost a century, but biz will deny that the USD cannot and will not ever fail. The banks that own the FED stack and keep accumulating rare earth metals to the ceiling, but biz will say that the USD cannot and will not ever fail. If rem is so entirely useless and entirely worthless than why do the banks that own the FED not only stack but supress its price? Because unlike you 300 IQ larpers they know that their own fiat ponzi, which they created, is not sustainable.

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coming to a country near you

Yes that is true, when hyperinflation occurs rem maintains its value or increases its value. A similar event will occur when the USD fails, might not be as drastic as this Venezuela collapse but it will still be huge, as this time it will be global and nobody will be safe for big loses

files.catbox.moe/7xgjhx.webm
youtu.be/-ps5Tu0kdPY?t=1403 (23:23)

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low iq goldbugs have been talking about a fiat collapse for what... decades?

Within the next 2-3 years. The stage is being set right now, the takedown of the crypto casinos is just a preliminary act. The takedown of the Fed comes after. 2019 is going to be wild.

Checks out considering Craig’s grandfather and the fact that Craig and Calvin have been screaming about the exchanges going down for weeks. Before the news came out about finex.