The biggest meme on the planet or a good investment?

The biggest meme on the planet or a good investment?

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None, it's a store of value

shiny rocks pretty but it go slow

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Stale bread

you have roughly one year for accumulation before the real shit hits the fan

Meme. It might have been suited as a store of value in the 1800s but these days gold is ridiculously overpriced. I don't always agree with Warren Buffet but this quote of his says it all:

>Today the world's gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce - gold's price as I write this - its value would be $9.6 trillion. Call this cube pile A.

>Let's now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world's most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?

more like it's insurance, it costs you money under most circumstances to hold it. meaning it's got negative profitability inflation adjusted.

Gold to 10k within 2 years

Everyone wants gold. China and Russia been buying it like crazy. India buys it like nuts. There will always be a demand.

>There will always be a demand.
Why? Because everyone wants it? There will always be demand because there is currently demand? What awful logic.

women brains don't age beyond the age of 12.
every cunt likes shiny things, every dick likes cunts, do the math

The jewelry usage is only responsible for like 0.1% of gold's current market value.

It’s the single most consistent and globally recognized valuable good over literally all of human history.

things change many say today information is the most valuable commodity.

you dont have to put it on her
you just need to own it
show her all things shiny and her pie is wet and tiny

Are you kidding me? Not even fucking close.

>measuring worth in fiat currency

K

You measure worth in purchasing power, and fiat is usually closely aligned to that so it's practically the same thing.

Can someone tell me what will happen to gold prices when the bond bubble pops? On one hand, rising yields are bad for gold but on the other hand, if the bond bubble pops, it may introduce systemic risk.

>cuck rock
>fedora nugget

This is fucking stupid

Gold is not an ‘investment’ brainlet, it’s a hedge and store of value. Exon could go bust, crop fields could all be wrecked by bad weather in one season. Gold is still gold.

If you’d ever held a couple of ounces of gold in your hand you’d understand why it’s universally considered valuable.

Huh? Jewelry is around 80% for gold.

The jewellery is largely priced by weight of gold, with a small (5-10% max usually) premium for design.

>Gold is still gold.
It is far more likely that some other material is invented that does everyone gold does except much better and for much cheaper, effectively killing all its value, than it is for trillions of dollars in productive assets to lose all their value for whatever reason. So even as a hedge and store of value it is terrible in comparison.

>Huh? Jewelry is around 80% for gold.
I'm not talking about what it is used for, I'm talking about the demand that gives it value. Its utility such as jewelry is not why people buy it, therefore if gold was only recognized as a material for use in the jewelry industry and not as an investment vehicle, it would be worth far, far less. That's precisely why it's overpriced.

hmmmm

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Slow and steady wins the race. Of course if you manage to time bubbles you can earn much more, but no one can consistently do that. Show me the graph again in 30 years.

Everyone wants it because the (((fiat paradigm))) is collapsing.

A gold standard is a fairly good bet for the next phase of currency.

This may surprise you OP, but the term "meme" is nos synonymous of "scam" or even "joke". Look it up.

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Buffet knows investing but he has demonstrated time and time again that he does not understand money. Gold is money. That is why you pick cube a over cube b.

Wise, maybe not smart.

MEME

It's an under performing asset compared to bonds, stocks and real estate and secondly if we do have hyper inflation than shinny heavy rocks aren't going to do anything for you. Food and firearms are what's going to matter. Inflation is only a problem to those that hoard money rather than keeping it in circulation and putting to work. Let your money work for you.

Also I'm a austrian econ fag

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