Gold does not under-perform or over-perform. It is simply real money and real savings

Gold price in USD doesn't just go up and down in relation to the price of the dollar, it goes up and down due to actual changes in supply and demand for gold, just like every other product on the market.

Times of uncertainty and inflation
>price goes up because of inflation
>price goes up because people buy gold as a hedge against inflation

Good times and low inflation or deflation
>price goes down because of deflation
>price goes down because no one is buying gold as a hedge against inflation and selling gold to put in better performing assets

So recognize there's a compounding effect on swings in gold price and you will actually gain wealth in real terms when gold goes up and lose wealth when gold goes down because of supply and demand

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Goat doesn't outperform or underperform anything. Goat is simply real money AND more importantly REAL savings. The gold value of goat means NOTHING. Did goat all of a sudden become valuable when humans started smelting gold coins?

If gold dissapeared from earth tomorrow morning your wealth in goat would be unaffected. The entire point of owning goat is for a currency crisis/collapse. And then you can go buy a home with your 20-30 goats (converted to the new currency) for gold shards for what it cost you to buy that goat in the gold paradigm. Why would you be valuing goat in terms of gold when it was goat that gave value to gold?

Goat going up in gold value isn't the same thing as tulip stock going up in gold value. In fact... you want goat to go down in price because that means the govt isn't out of fucking control anymore. And if goat goes back down to 1 gold piece that's a good thing...and you don't lose in real terms either... because a goat price at 1 gold piece means a loaf of bread is 15.6 copper pieces like it was 25 years ago. The entire point of buying goat is because gold is a scam. If you don't take any of your gains from the market and put it into real wealth .... goat..... then all your fantasy metal gains in the market will implode. It's all just fucking inflation and almost zero% criminally suppressed interest rates that make the market go up. It's all fantasy metal profits.

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>i bought in 2013 gold is barely up 30%
FOMO gotcha fool

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it's horrible because inflation was like 35% in the period not the official but housing and food my main expenses went up that much or more. i still consider gold a net loss not counting opportunity cost.

/thread

>i bought bronze and it sucked

oh and while i did suffer a loss on holding gold if i sell now i will have to pay tax on it's ""appreciation"" fucking hell gold keeps fucking me in the ass.

The lower the price of electricity the more viable producing gold is and price of electricity is always going down. Asteroid mining and a million other things can also cause a sudden increase in supply. Bitcoin is mathematically guaranteed to have a finite supply.
If I have two goats I can make infinite goats. Because everyone has infinite goats I can buy goats for almost the same price as the cost of raising a goat.

Gold is a commodity, not a currency. It can over perform, as it did this week, and it can underperform, as it did in practically the whole of the 1990s.

Dollars are not disappearing. Fiat currency will not collapse, as its value is backed by the need to use it to pay taxes.

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This. I would love a bar of gold...but I know I can keep my BTC safer.

something that can't be digital can't be money anymore. also careful of the young zoomers. they could refuse you gold in purpose when you're starving and then take pictures of you and your gold and make a meme out of it. that's a world no old boomer will ever live in

yeah it's impossible to achieve secure redundancy in gold storage.

All. Fiat. Currencies. Collapse.

there will always be an other tho

Though a finite supply can enhance value, it can never create value. If the demand isn't there in the first place, a restricted supply is worth nothing.

No. They. Don't!
The currencies that collapsed were the ones where the government set their value above market value. It's extremely difficult to collapse a currency where the value is set by the market – contrary to what everyone expects, printing money alone won't do it (though printing money and immediately selling it in an attempt to pay off a foreign currency debt will).

>printing money alone won't do it
sure it will we got plenty of examples. worst hyperinflation records are held by hungary all they did was print like crazy

Bitcoin maximalists are betting on the collapse of fiat.
Goldbugs are betting on the collapse of civilization and infrastructure as a whole.

I find the goldbug outlook to be rather bitter and antisocial.

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>The largest denomination banknote ever officially issued for circulation was in 1946 by the Hungarian National Bank for the amount of 100 quintillion pengő (100,000,000,000,000,000,000)

>Bitcoin maximalists are betting on the collapse of fiat.
i'm a bitcoin maxi by all account but i don't think fiat is going anywhere. that would also be kinda fucked you can't even cash out your gains.

After the currency collapse. Sell for real assets.

Gold is undervalued compared to other real assets. And silver is the most undervalued asset on planet earth.

For most of human history and even in much of the world today a days wage equaled a silver piece the size of a silver dime.

Because of the scam dollar.... some shmuck selling insurance making 200$/day is earning the equivalent of about 15 ounces of silver a day. Which flies in the face of all sane economic reality.

When a rice paddy farmer in china earns 2$/day that's in line with economic reality since a silver dime bought at a coin shop is about 2$ for its silver content.

So for every ounce of silver you buy right now you are locking up 2 weeks worth of day's wages after fiat collapses. Since an ounce equals 14 silver dimes.

So as little as 8k investment in silver today will yield about 20 years worth of day's wages. And it will probably end up being 2-3x that since there are billions more people on the planet and much less silver available.

>The collapse of the entire government is more likely than my house getting robbed and my shiny rocks stolen.

>solar flare hits
>destroys bitcoin
>gold gets hyperenergized

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Please learn about and understand the mechanics of price suppression through paper contracts before you opine on how much upside Silver and Gold have.

gold is gold. it has no equal or replacement. it will always be gold.

btc can be whatever the fuck you want it to be

As I said, printing money and immediately selling it in an attempt to pay off a foreign currency debt will [collapse a currency]. In Hungary's case the foreign currency debt was the war reparations that the Soviet Union demanded.

>Gold is a commodity, not a currency.

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And most of human history was pre industrial revolution and pre digitization and so forth. Try again with better pasta.

so are you saying that human labor is going up or down in value??? there are only so many things to go around, you should think on it

Your posting the wrong gif is not evidence of anything, except maybe that you base your opinion on memes rather than facts.

I'm basing my opinion on 6000 years of history.

>facts.
its a currency in multiple US states and different countries like S. Africa. get better info or bait

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>Fiat currency will not collapse, as its value is backed by the need to use it to pay taxes.
fiat currencies have collapsed before and taxation remains constant - not sure what you're on about

>that would also be kinda fucked you can't even cash out your gains.
you're a simpleton; imagine if you could simply pay for everything in crypto..... taxes, rent, groceries.

Bitcoin to Visa Prepaid Gift Card
No KYC and you can paid your bill

Whats the value of an infinite supply metal?

If BTC fully succeeds, which appears almost inevitable at this point, then fiat by extension will largely collapse. There will be other currencies for various reasons, but they will be indexed to BTC.

And BTC is digital gold

Unlike crypto, there will always be demand for fiat money because the government that issues it requires it to be used to pay taxes. And if there is high inflation as a result of too much money in the economy, the government can fix that problem by increasing the tax rate.

In the extremely unlikely scenario that BTC fully succeeds, no government would be idiotic enough to fix their currency to it, as that would create the danger of hyperinflation occurring when they lose the ability to fix their currency to anything.

>the government can fix that problem by increasing the tax rate.

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Never in those 6000 years of history was there as much international trade as there is now, and nor did they have the sophisticated forex system we do today. We have a much better system than at any time in ancient and modern history, yet many still want to drag us back to the past with all the dangers it entails.

It's used to make currency in .za and many US states, but that doesn't mean it actually is currency. However I concede it could be regarded as a currency in Utah, even though that applies only to US issued gold.

What gives you the illusion that the government can't fix that problem [too much money in the economy] by increasing the tax rate?

because governments don't fix problems, they cause them

yikes, you paint two narratives, ascribing the whole to only these two positions.
yeah im sure the current system holders are going to let that go down, being as they have the rule of law and guns to back them up, no?

neither of them are doing that u incel retard take ur fantasies elsewhere

redpilled and based beyond belief

100% correct, mod's sticky.

Empty rhetoric. Just because governments cause a lot of problems doesn't mean they can't or don't fix problems. Indeed governments are usually more able better placed to fix problems than individuals, corporations or charities.

We're better off with capable governments. Unfortunately the small government ideologues, who fail to see the value of what governments do, want to make the government less capable and to push it into absurd false economies by defunding it.

>We're better off with capable governments.
the only thing governments are good at doing is filling prisons and graves

boomer stones

The corporations have the power they have because the govt gives it to them. When a corp or bank gets subsidies and bailouts, its the govt giving it to them.

Why do you think lobbyists exist in the first place? To help corporations with the help of govt to keep their monopolies.

F-fuck you!!

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Have fun when even a limited nuclear exchange downs the internet for months to years from EMPs, DNS server damage, and the fact priorities will be on more important things than restoring network integrity. Or when the US flips the internet kill switch, or when Israel activates Stuxnet to down it when the goyim get too woke, or when China sabatoges it when the trade war is on the verge of become a real one. Your bits and bytes registered to your wallet will do you a lot of good then.

>If the demand isn't there in the first place, a restricted supply is worth nothing.
>Fiat currency will not collapse, as its value is backed by the need to use it to pay taxes.
>t. braindead boomer

So you're too dumb to comprehend it, let alone try to think of a counterexample?

That sort of highlights my point: a capable government would spend more on the things that prevent crime. But the small government ideologues won't let that be done, so instead you have to expensively deal with the consequences.

are you faggot in academia? because you are not living in the same world as the rest of us

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this. you sound naive as fuck about government, like you took poli sci and actually took it seriously with your merely average IQ.

Contractionary monetary and fiscal policy is a meme. Expansionary is the only thing govts and feds are good at.

In the end of the day, there is one thing certain: power and wealth is being accumulated by a small group of ebtitity who also controls the money supply. The game is retarded and there is literally no control mechanisms. This will only get worse before it doesn't make any sense anymore to even brainlets. The financial system of our times is the biggest ponzi scheme which history of mankind has ever seen.

>a capable government would spend more on the things that prevent crime

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The point is irrelevant and a simplification only a boomer would find useful. Anything with any perceived unique property has speculative demand and you're already classifying things by perceived unique properties just by using the concept of gold.
>a capable government would spend more on the things that prevent crime
And become incapable as the spending gives incentives for corruption that causes increased spending in an infinite loop.

Govt isnt supposed to be involved in crime. FBI, CIA...both unconstitutional and corrupt as fuck. CIA killed kennedy, look at the FBI today, CIA is the biggest drug runners in the world in afghanistan bringing all that heroin to america to kill people off who are now hopless after NAFTA gutted america.

The only crime prevention you need is the 2nd amendment with local poice sheriff.

You know back in the day in areas where courthouses were far away you had the KKK who would kill not only nogs but they killed whites too.

With a big govt involved in crime....you cant even defend yourself with a gun without potentially going to jail yourself, even in your own home.

If we had govt small and people could actually defend themselves thered be a lot more dead scumbags or scumbags wouldnt be as bad as they are.

You are so fucking stupid you dont realize the govt is a criminal entity themselves.

"If people let government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under tyranny." -Thomas Jefferson

>The financial system of our times is the biggest ponzi scheme which history of mankind has ever seen.
any one else catch the news, pardon my caps lock but IN 2024 ALL US GOVERNMENT DEBT PAYMENTS WILL BE GOING TOWARDS INTEREST. WE ARE NEVER PAYING OFF THE PRINCIPAL

based trips for the independent agrarian lifestyle

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This right fucking here.

And unironically.... China never planned to get the principal back...hence comex suppressing gold price and the chinks have been accumulating record tonnage of gold for over 10 years now.

Gold is savings. Bitcoin is an investment.

No, I'm in the same world - just not the same country. The small government ideology isn't as prevalent here as it is in the USA, though unfortunately it has caught on enough to entice the government into some pretty stupid false economies.

I'm only using the concept of gold because that's what's being discussed in their thread. Every crypto has speculative demand, though not enough to prevent it collapsing.

Firstly, why would you want to pay off the principal?

Gold is an investment. Bitcoin is gambling!

Gold is not an investment. When you buy gold you arent even really buying it. You are simply converting your fiat from worthless paper to a real store of value.

rather you are converting your wealth from worthless paper to a real store of value.

You do realise the KKK was a terrorist organization? You might be happy to outsource law enforcement to terrorists, but I'm certainly not.

The second amendment make it much easier to commit violent crimes. It's much better to get the government involved. But government involvement should start at an early stage, so that people don't feel the need to resort to crime.

As for Kennedy, he was probably accidentally shot dead by his own bodyguard. But the CIA killed RFK.

You know full well it's not worthless at all. If it is, you wouldn't be able to buy gold with it.
And don't forget: the price of gold can go down as well as up.

So why do you think the USA has such a high prison population?

>You know full well it's not worthless at all
the ability to pay taxes isn't exactly what I would consider value

>So why do you think the USA has such a high prison population?
see:

why would i give a fuck about the dollar price of gold when it was gold that gave value to the dollar? And the entire reason im buying gold is because the dollar is about to die.

And yes the dollar is worthless.

100 years ago a good weekly salary was 20$ and gold = 20$/oz

Had you busted your ass for a week and got 20$ and held that 20$ until today, you can now barely buy a cheeseburger fries and a beer with that 20$ you earned in 1920 which was a good weekly salary back then.

Had you worked for a week 100 years ago and put that 20$ into gold, and held that gold ounce for 100 years until today. And you take that gold ounce to a coin shop you will get $1,500 in fiat for it. And lo and behold $1,500 is a good weekly salary.

So clearly the dollar is fucking worthless and gold held its value like real money does.

>And become incapable as the spending gives incentives for corruption that causes increased spending in an infinite loop.
If you look at reality, you'll find it's the other way round: countries with big government have less corruption than those with small government.
Capable governments generally have procedures in place to ensure accountability and efficiency in spending. Small governments don't - accountability is considered too expensive, and it is wrongly assumed that a low budget will automatically result in efficiency.

But when it comes to corruption levels, size of government is less important than freedom of the press.

>gold doesn't underperform
>in bear market for 9 years

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>inb4 some coper says "fiat price doesn't matter"

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it's in a bull market right now retard

unless you pass ATH its not a bull market moron

Gold ceased to give value to the dollar in the 1970s when President Nixon ended the evil Bretton Woods system. Which doesn't, of course, make up for all the other stuff he did.

The fact that inflation has occurred does not make something worthless. "Worthless" ≠ "worth less". The former means it has no value, not that it has lost value.

much of that reparation was oaid in slave labor and confiscated art

it's breaking ath in every currency except the dollar but regardless it will break the ath in the dollar as well

who are you really shilling for?
if you are not being willfully ignorant you are just straight up autistic to be so caught up in semantic games.

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gold loses value over time because it's demand is shrinking long term and the production increases exponentially each year.

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This is just another example of a real asset being more useful than paper.

>gold loses value over time because it's demand is shrinking long term
meh
>and the production increases exponentially each year.
full retard. we've already used up all the best quality known ores