The way you MAKE IT with gold is having even as little as 10 ounces and waiting for the dollar implosion. Fiat, stocks, bonds are NOT wealth they are financial assets. You might make 200% in crypto or stocks BUT you have to shave off some paper wealth and convert it to real wealth - GOLD.
You do not buy stocks for the same reason that you buy gold. A gold price going up just means the dollar is becoming more worthless. So you aren't looking to make returns in gold because you can't make returns in gold.
The dollar price of gold is irrelevant. Did gold all of a sudden become valuable when America was born and the dollar was created? Of course not. So why would you be valuing gold in terms of dollars? Moreover...it was gold that gave value to the dollar, so logically it makes no sense to value gold in terms of dollars.
Gold is not in competition with bitcoin. Bitcoin is a thing because the dollar is becoming increasingly worthless, unironically because gold doesnt back the dollar anymore. So massive inflation because of this is making it so it is impossible to make it. Under a gold standard you could drive retards to grade school on a bus for a living and "make it" with your wife at home raising your 4 white kids.
Silver is also great. For most of human history a days wage equaled a silver piece the size of s silver dime or roman denarius.
So right now...for the 16$ price of silver you are locking up the equivalent of two weeks worth of wages. Since 14 silver dimes equals 1 ounce of silver. Because the dollar is the worlds reserve currency you see in many underdeveloped countries today where people like rice paddy workers are earning the equivalent of 2$/day....which is right in line with sane economic historical reality, since that 2$ equals the price of a silver dime.
You have moron workers selling insurance providing zero real value for society earning 200$/day which is the equivalent of about 13 ounces of silver a day which flies in the face of all historical economic reality.
So if you buy as little 500 ounces of silver you are literally locking up 20 years worth of days wages when the dollar collapses. It will actually though probably be 2x-3x that though because there are billions more people on the planet and much less silver available.
Justin Scott
Also when you buy gold and silver you are not really buying it. You are simply converting your wealth from fake paper wealth into a real store of value that wont allow the jew to confiscate your wealth through inflation.
Noah Fisher
Average Roman worker and solider earned around 38 oz of silver a year, at the height of the Roman Empire. Equivalent to about $600 USD a year. It’s quite amazing that so little provided so much back then. A loaf of bread probably cost $0.1 but then again if you lived in Rome bread was free.
Isaac Thompson
IMAGINE NOT HOLDING THE VALUE
Kevin Bailey
Let's assume 90% of the population don't buy gold and silver
What happens when the economy implodes? They all die? Of course not, what benefit does having gold do?
Jace Brown
wealth transfer. You’d have an advantage financially to none holders.
Mason Gutierrez
Boomer rocks lmfao Muh jewerly
Caleb Ward
And why are you telling us this? Out of the goodness of your heart?
If this is true, why wouldn't you want to keep this to yourself? Sounds like you are shilling your boomer bags sir
Joshua Walker
Hey cryptocucks. What happens when all of the world currencies go to 0?
