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?
Remember the story of the hotel bellcap in Weimar Republic Germany who he 25 ounces of gold saved up..... and was able to buy an entire city block with that measly 25 ounces of gold after hyperinflation
Tyler Collins
>4 white kids Stopped reading there
Nathaniel Wright
>direct barter you are aware that direct barter was still around for the 6000 years that silver was used as money right?
Anthony Mitchell
Lmao
Gavin Ortiz
of fucking course you did you goddamn mongloid that was the literal end of the post
I hole-hardedly agree, but allow me to play doubles advocate here for a moment. For all intensive purposes I think you are wrong. In an age where false morals are a diamond dozen, true virtues are a blessing in the skies. We often put our false morality on a petal stool like a bunch of pre-Madonnas, but you all seem to be taking something very valuable for granite. So I ask of you to mustard up all the strength you can because it is a doggy dog world out there. Although there is some merit to what you are saying it seems like you have a huge ship on your shoulder. In your argument you seem to throw everything in but the kids Nsync, and even though you are having a feel day with this I am here to bring you back into reality. I have a sick sense when it comes to these types of things. It is almost spooky, because I cannot turn a blonde eye to these glaring flaws in your rhetoric. I have zero taller ants when it comes to people spouting out hate in the name of moral righteousness. You just need to remember what comes around is all around, and when supply and command fails you will be the first to go. Make my words, when you get down to brass stacks it doesn't take rocket appliances to get two birds stoned at once. It's clear who makes the pants in this relationship, and sometimes you just have to swallow your prize and accept the facts. You might have to come to this conclusion through denial and error but I swear on my mother's mating name that when you put the petal to the medal you will pass with flying carpets like it’s a peach of cake..
Anthony Taylor
You are and idiot
Grayson Fisher
I only have two more ounces to go.
Asher Peterson
Get robbed by the person that has guns
Owen Hughes
holy shit you boomers are dumb as fuck
Brayden Ross
Gold is a decent store of value. Definitely lost relevance since most currencies stopped being backed by it 9notably the US dollar). Usually people buy gold to hedge against a crisis. But, if you live in America I recommend guns and ammo over gold. Stores value just as good, and will actually be useful if shit reeeaaly hits the fan.
Jason Harris
why not own both?
Joseph Lee
>PMs are a real store of value >crashes to all time lows even while speculators are jumping ship from the incoming storm of 2020
rly mkes u tunk
Andrew Adams
Gold is good to have as a security measure against hyperinflation. It is not something you drop your money into hoping to make massive returns, it is something you put a % of your overall profits or savings to ensure you don't get fucked over as badly during a hyperinflation event most recently seen in Venezuela or even Zimbabwe. Honest suggestion would be to get 500 ounces of silver and 20 ounces of gold and just sit on it long term, not that much fiat in the long scheme of things but more than enough to have a pretty huge head start vs. everyone else if things reset to 0
