NATIONS DEMAND GOLD - NOT BITCOIN 2

>just as a get rich quick scheme
Wat?

Its used to preserve wealth.
Not as an investment

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BUY
SIGNAL

>preserve
>Down 10k from peak
I get that gold isn't preserving it's value well either. Skip that.

Thats the fiat currency value changing.
Also, theres gold ETFs to take into acount. The gold market is manipulated by ETFs (paper gold). Your gold doesnt miraculously become lighter

When all these ETFs fail, Gold will find its true value in USD

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I hope this new thread attracts new posters, so there are more people telling you two you're wrong.

>As long as the aristocracy values gold - its valuable.
Fucking elitist fool.

Silver also meets those requirements.

gold is completely useless too, its only value is that its shiny

Gold doesn't have intrinsic value

Nikka what?

Im not saying BE the elite.
Im saying if they value it, its valuable. The elite want you on their fiat bullshit or crypto bullshit

Although I recognise that Crypto currencies (CC) are worth real money, and can be used to buy and sell, I am not convinced that it's truly a currency. Everyone mostly seems to treat it as a stock, and cash in one day (or HODL). I mean, I guess even with regular currencies (Such at the Pound, or Dollar) it goes up and down in value, and people buy and sell, so I suppose there isnt really much of a difference.

Do the die-hard religious crypto users believe that one day we will exclusively be using Crypto to buy and sell things? Isnt it too unstable to do so? And whales control it far too much? Or is this a trend in regular currencies as well?

explained here > >Please read the thread before commenting

explained here > >.

Please read the thread before commenting

>gold is completely useless too, its only value is that its shiny, goyim

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They have always manipulated money as their method of control over humanity.

An interesting history lesson about the first version of the petro dollar, the goat shekel.

Jews back in the time of the Romans had a tradition where once a year all the travelling merchant jews all over the roman empire had to return to Jerusalem and sacrifice a goat.

Obviously they will not bring a goat with them, they will buy one in Jerusalem. The Pharisees of course kept large herds of goats at the temple for easy purchase.

However the merchant jews came from all over and would have a lot of currency from rome and other nations, the goats could only be purchased with a Tyrian silver shekel. So they had to exchange roman money for shekels to buy the goat and of course the pharisees would manipulate the exchange rate, this of course made Judea and the pharisees phenomenally wealthy.

So all the merchants would come to Judea, trade their Roman silver for shekels (usually at a steep exchange rate) guy a goat, kill it as an offering to Ba'al (Master/lord/owner in Hebrew). These are the money changers Jesus found in the temple that pissed him off so much.

So the Pharisees then took all this Roman coinage out of circulation, trimmed the silver off of it, then reintroduced it back into the system but devalued. They gained enormous money with this system and also began loaning out money from the temple to fellow jews but they found the best deal was to make massive loans to foreign governments. So they started making loans to the enemies of Rome, vast sums for the enemies to buy and pay for armies they would wield against Rome all the while the merchants and Judea are operating under protection from Rome.

As you can see the Romans had many reasons to want Judea annihilated.

Yeah, someone brought that one up on the last thread, and they came back with some bullshit about gold not being dissolvable in nitric acid. Haha. It takes a combination of nitric and hydrochloric acid to dissolve gold, actually. I was so busy telling them they were wrong about other things to even get to that. The funny thing is who cares? Hahaha! Is someone gonna start profiting somehow by dissolving their coins in acid or something? Or are they afraid they'll accidentally spill their silver coins into those vats of nitric acid that are always just strewn about town? Hahaha This guy's an idiot.

Most value exists since we believe it's valuable.

In times of starvation bread is more valuable than gold.

This guy gets it

Yeah Silver too. i mean Gold and silver

The property that OP seems to value most is that gold is "intrinsically" valuable. The preference of the aristocracy is not intrinsic. The fact that aristocracy is his point of reference makes this guy even stupider. I'm enjoying watching him burn.

>hurr durr
people valued gold and metals in general in old times because it was the only way to reduce counterfeiting. that is completely irrelevant in this age

True, but that value is immediately destroyed upon eating. Simply being valuable doesn't make something a good currency.
In times of starvation, wealth storage will be the least of our problems.

>Bitcoin is a meme and its value is based on youtube fluff. Its value is not linked to use, demand, supply, volume or anything.

Why do precious metals autists feel the need to make their selected form of "currency" an 'Us vs. them' issue? What exactly are you trying to accomplish? I really don't get it.

>people valued gold and metals in general in old times because it blah blah

NO - BECAUSE OF ITS PROPERTIES

he is a gold bagholder. he thinks if he convinces enough people to buy gold it will increase its value so he will be able to finally sell his bags

in the Talmud it actually says Nero converted to Judaism and Nero is seen as a great hero to the jewish people. There was even storys by Rabbis in the Talmud about Nero possibly returning as a savior for the Jews. Funnily enough he was the first roman emperor to start shaving silver from their own coins and devaluing them causing massive rates of inflation.

Gold's value being recursive doesn't mean it's useless. Shit like this is why guys like OP think everyone who's saying gold's value isn't intrinsic believe that it's worthless.

These are the properties
>>Durable
>>Transferable
>>Divisible
>>Intrinsically valuable
>>Scarce
>>Recognisable
>>Fungible

Only gold and silver qualify

I guess. But I use crypto for literal productive purposes and have a stash of silver in my safe. I never felt the need to attack either one so I don't really get why others do it.

It's important to remember and mention silver because it plays so heavily in all the old lore; the wizard of oz(ounce), vampire and werewolf mythology, Judas and Judah, the JFK silver certificates, and so on.

interesting

If I've learned anything, this means I should buy.

I only said worthless metaphorically, ofcourse it has some value the same way rocks and coal also have value

The Hidden Secrets Of Money

Part1:
youtube.com/watch?v=DyV0OfU3-FU

Part2:
youtube.com/watch?v=EdSq5H7awi8

Part3:
youtube.com/watch?v=y-IemeM-Ado

Part4:
youtube.com/watch?v=iFDe5kUUyT0

Part5:
youtube.com/watch?v=OQWMd_NPSBA

Part6:
youtube.com/watch?v=8GP87dgTqF8

Part7:
youtube.com/watch?v=P4_1pwsm5LY

Part8:
youtube.com/watch?v=SF362xxcfdk

Part 9:
youtube.com/watch?v=OuOcnGAv4oo

Part 10:
youtube.com/watch?v=fiCKf7hfagk

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This did not warrant a part 2 thread

>This reason alone makes gold valuable - because it has 1000s of years of reliability.
This literally means that the value is not intrinsic.

Money HAS TO BE:
>Durable
>Transferable
>Divisible
>Intrinsically valuable
>Scarce
>Recognisable
>Fungible
Substantiate this.

It is these properties that gove gold INTRINSIC value.
One property cannot grove something an intrinsic property. The fact that these properties give gold value makes that value derived, not intrinsic.

Maybe you're not the original poster from the last thread, so I'll be nice. The opinion of aristocracy is not a viable and stationary position to base anything on. While what you said is true, we're talking about using gold as a currency. This presents a few fundamental problems. First, it's needed elsewhere; if it's a coin, it can't be a computer chip. While the element itself isn't subject to forgery, any coin made from it certainly would be, and impurities are easy to hide in gold. As a coin, its value would be agreed-upon, unless it could also be traded at a market value as a resource, in which case it would be silly to waste the energy to cast them to begin with. Gold as a currency is a terrible idea.

those that shill for a specific thing as global currency are always nutjob conspiracists. they either think the world is gonna end soon or the evil jews control everything so they need a "new paradigm"

Fucked up most of the green text, shit.

Don't be dissuaded, posters, these fuckers are basing their argument on flawed logic. Please come argue with them. They need to see the error of their ways.

>Substantiate this.
see pic

>makes that value derived, not intrinsic.
No - the properties are IN the material. Your opinion doesnt make it non-corrosive - it just is

Dipshit, gold has immense value. Being able to trade gold for large sums of money makes gold valuable.

Sorry this pic

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>gold is valuable because its valuable, thats why its so valuable

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>basing their argument on flawed logic.

According to Aristotle,
Money HAS TO BE:
>Durable
>Transferable
>Divisible
>Intrinsically valuable
>Scarce
>Recognisable
>Fungible

It has intrinsic properties that make it useful as a store of value.
It's not a big jump to go from "gold=useful intrinsic properties" to "useful intrinsic properties=value"
So let's just skip it and say that gold is most useful as a store of value and fucking dissolve this "intrinsic" debate.

Even if it weren't a currency, it's still used in circuit boards because gold is the best conductor for electricity.

Gold and silver are both resources needed elsewhere. The reason money works is that resources aren't locked into them; money only symbolizes the resources being present to back it. If you make the resource BECOME the money, it's no longer a resource that's available for other things, but a symbol of the resource that ironically consumes the resource in order to exist.

>Gold, due to its properties has INTRINSIC value
Retard detected

Platinum, palladuim, ...any scarce and malleable metal that doesn't rust would do. Too bad all of them are more valuable to humanity as a resource to waste them making fucking coins.

its not though, silver is a better conductor

They won't listen. Too stupid.

This commie read some books, everybody watch out.

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Obviously not or it would be used being cheaper.

It was only the insistence of OP that he isn't a moron that caused this thread. It's like when the whole class has to stay late because one student doesn't get it.

There's no such thing as intrinsic value. Everything has value as a function of their relation to something else and it is completely interpreted from the human perspective. For an ant gold is completely irrelevant.

it is a better conductor, they simply use gold instead of silver because its less corrosive

Silver is too easily corroded.

>see pic
?

>No - the properties are IN the material.
The properties being in the material doesn't change that the value is derived from those properties.

>Your opinion doesnt make it non-corrosive - it just is
True, but how much people care about the properties of good IS what determines how valuable gold is to them.

If intrinsic value is simply value caused by intrinsic qualities of the object, then most economic value is intrinsic value. This is an idea that is almost completely discredited in economics. The Austrian School's subjective value theory is correct.

Meaning it's pointless to use, so for electronics gold is the best suitable conductor. Deal with it.

Dude the enormous FUD on fucking Jow Forums of all places should be a massive buy signal if you arent retarded

The Jew recoils in fear with this thread

Aristotle lived before electricity lmao

It’s true. When bitcoin is being shilled on Jow Forums you sell. When it’s being made a mockery of its time to buy.

Not to mention by an organized spam poster from ENGLAND (!). That should trigger all of the jew financier flags.

not really, even if there was 0 gold in the world tech industry will still continue just as good. If gold was THE ONLY conductor in the world then you might have been right

That is literally how it works. Its recursive. Gold can be traded for large sums of money, fairly reliably. This gives it a highly valued utility, which means there's significant demand, which means high price, which means it can be sold for large sums of money. The differences between good and fiat currency are where the trust is placed, and the level of cultural inertia (with good having mountains of it).

Gold's "intrinsic" value doesn't support it's current over-valued price. Since the emergence of crypto, neither does it's scarcity. Sorry faggot.

>Gold
>More valuable as a resource
>Industry uses 15 tons a year
>World mines over 2000 tons a year
Is it?

Copper is most common I'll give you that but no the tech industry would grind to a halt, especially space tech.

Aristotle isn't a constant, user. That said, if you tie up a resource using it as currency, you no longer have that resource for other things. Gold and silver were good currencies in the beginning, before fiat currencies existed, because it's been universally agreed-upon to be valuable since before written history for the reasons listed. It is no longer a viable currency because it is needed elsewhere. It can't be faked, but it can be diluted. The dollar bill is still a dollar bill no matter what you do to it. You can't rip one in half, tape hand-drawn halves to the other sides and make two dollars. Gold can take a little copper, some silver, maybe some tim or even a bit of nickel, and that ounce of gold might just be an ounce and a half of something that looks just like it. Gold as a currency is a terrible idea. I could keep going with reasons why. It's heavy as shit and hard to transport. There's no way to track it. The biggest one yet is that it's needed elsewhere.

>Platinum, palladuim
These are indistinguishable from Silver to the layperson. And as stated

MONEY HAS TO BE RECOGNIZABLE

The intrinsic argument is because OP is saying that gold locked into a coin has value even though it can't become the resource it "represents."

you are missing the whole point, just because gold has application its still worthless as a currency

I already answered

>There's no such thing as intrinsic value.

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>Aristotle isn't a constant
Reality is.
The nature of reality will mean only Gold and silver will be money until the end of time

literally nobody uses gold or silver as money today

THIS
>THIS

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>THIS

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>THIS

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>THIS

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>Industry in the US mined 205 tons in 2016 alone
>Only 6.7% of world production

It isn't expended on use and as a resource is needed in far less quantities than produced.
"If we make coins out of it, we can't use it in electronics and space shielding" is a shit argument

No - We use fiat bullshit. Which is why debt is all time high and we living on bank bailouts

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I'd say it is as a currency but only because it's not scarce, it's scarcity is controlled.

yes yes the ebil jew fiat is bad, and look how economies were when they had gold standard. literal stagnation and 0 growth for decades

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>Money HAS TO BE:
>>Durable
Blockchains are cryptographically secure.

>>Transferable
>>Fungible
All blockchains meet these requirements at a base level. Blockchains which incorporate privacy features are arguably more fungible than any other form of currency.

>>Divisible
Yep.

>>Intrinsically valuable
This is debatable. The knee jerk answer is "no" when it comes to a blockchain. But the thing few people get is that blockchains offer inherent security and automate key accounting functions. That what "mining" computers are actually doing. There is intrinsic value in a form of currency that is cryptographically secured and cannot ever be off or fudged like human accounting books.

>>Scarce
Yep.

>>Recognisable
Yep.

Now, I won't dismiss the possibility of a blockchain being created by governments for evil intent. There's also the problem of people creating new blockchains out of their asses which does a partial end run around scarcity. But you can't dismiss blockchains out of hand as "hurr durr not currency."

>scarcity is controlled
True, but there's not an infinite supply of gold. Even though the available supply is wonked, there is still only so much gold

Do Anons value anonymity?
Bitcoin offers anonymity.
Do Anons value free speech?
Bitcoin offers free speech.
Do Anons value freedom of movement?
Bitcoin offers freedom of movement.
Do Anons value a fair/transparent set of rules to play the game?
Bitcoin offers that too.
Perhaps worth considering?

Bitcoin IS a fiat currency as well, that's all that's allowed.

>Durable
Fundamentally dependent on infrastructure.
Granted, you could make the argument that we'd probably all he dead in a catastrophe large enough to sweep electronics out from under us, but even if we nuke ourselves for fun, the gold would survive past us.