Watch the shills sperge out as we prove that gold and silver have INTRINSIC VALUE due to their PROPERTIES which uniquely position ONLY gold and silver to be money
VENEZUELA WANT THEIR GOLD BACK
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Gold has been valuable to societies all over the earth for 1000s of years. This reason alone makes gold valuable - because it has 1000s of years of reliability. There were no iPhones or tech in medieval times yet gold was valuable. As long as the aristocracy values gold - its valuable.
Money HAS TO BE:
>Durable
>Transferable
>Divisible
>Intrinsically valuable
>Scarce
>Recognisable
>Fungible
time and time again people try to replace real money with something else and it fails every time, and what are those people forced to revert back to? GOLD
Gold is the ONLY substance (along with silver) that has ALL the properties needed and meets all the requirements to be defined as money.
It is these properties that gove gold INTRINSIC value.
The Hidden Secrets Of Money
Part1:
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Part2:
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Part3:
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Part7:
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Part8:
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Part 9:
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Part 10:
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England is the thief of the world, steals monuments and statues, genocides and starves people, and doesn't even honor its own contracts. Despicable nation
>give gold to foreign country
>expect them not to steal it
Why do people do this? You can't even trust them with domestic gold deposits.
I concede we should give the Elgin marbles back. I assume thats what you're talking about.
And we should give Venezuela's gold back - although we probably dont have their gold
lol suck a dick bitch
Its to protect from looting due to political unrest or potential war breaking out and shit like that
...
They shouldn't have agreed to let it be kept in Gringotts. We're gonna have to send Harry Potter in there to get it back.
Holy shit are you the same brit that's been trying to shit on cryptos all fucking week?
We should meme JK Rowling as racist/antisemetic for portraying jews as sneaky goblins
Yes - I guess you are the venezuelan whos been shilling cryptos all week
.........even though their own government wants their GOLD back.
I'm sure the UK government can invent some bullshit crypto out of the blue for you if you prefer crypto. We can call it "bullshit for stupid cunts coin"
I know you want me to bump your thread, but I'm not really feeling your baits. Shame.
Explain why your government wants GOLD rather than some bitcoin or other crypto.
Yeah - EXACTLY
Quick rundown?
Why does England have Venezuelas gold to begin with? Unless of course it isn't their gold at all and they are just assblasted a out some nonsense 6 gorillion years ago.
If it is their gold just keep it anyway. Fuck em.
I guess its their gold bullion that the UK is keeping. Its not gold that we stole during empire days. Its like when Germany wanted their gold back from the US, and you were all like, "no".
Venezuela would be doing just fine, along with Cuba et al., if it weren't for the fucking Americans fucking with them. Americans are fucking retards. Cuban people and Venezuelan people are generally hard-working folk with good hearts, and so Americans should make friends with them, although not just take them in willy-nilly. I mean, shaking hands and making friends is all well and good, but let's not get all crazy.
The only thing that's gonna get that out is right wing death squads. Just my opinion.
That was already tried years ago. Nobody took the bait.
The gold is not there.
Probably sold to China years ago
>nobody wants nothing back
k
Sure. And losing gun rights is for our safety.
?
See > >
It is unclear whether Venezuela is now in possession of the gold previously held by the Bank of England, but Reuters reports that the bank has "sought to clarify" what Venezuela is actually planning to do with the gold before handing it back.
Venezuela really wants its R8 billion worth of gold back from the Bank of England
Will Martin , Business Insider US
Nov 06, 2018, 07:21 PM
Salt has all these qualities too, as well as a large number of spices.
Because they have the best vaults/ security in the world. An island nation surrounded on all sides by allies, and a reputation, quickly deteriorating, as a stable place.
The only important value of a money-system is to replace inefficient bartering with a pricing mechanism. That is the intrinsic value - the huge value of setting prices in a single denomination across all goods and services so that everyone's transactions are facilitated. Therefore even "worthless paper" can have great value because it is part of a price-setting system.
The problem with gold or any other commodity is that its scarcity or abundance does not correlate with the total goods and services that need pricing. So it artificially goes up and down disrupting all the prices for everything that everybody is actually trading. The fiat currency increases with the total economy since it is supplied via loans that are approved according to the demands of businessmen who apply for them as their businesses grow or projects develop. More economy, more money, and therefore prices remain stable, and the efficiency of the currency regime remains optimal.
If one were to demand that money be backed by some commodity, gold or silver would be the worst one since only limited people have access to it. The fair and honest commodity to price money at is "man-hours" since every person then can generate his own, it increases with the population, and nobody can corner the market.
>Scarce
>salt
id make an anger joke but nah
* The elite
>you cant grow spices
Obviously chop it in 32 million pieces and hand out to the public
Gib big tiddie Venezuelan gf pls
>you can't mine gold out of the ground
>and you were all like, "no".
more like, "we're not saying we don't have it, but we don't have it.... also it's totally not in an underground bunker in isreal"
Would you fucking tools fuck off. No one here has any money you faggots. Shill your shekels somewhere else
That's sadly possible. Everything about the UK government is suspect at this point, and I can see the possibility of a new people's uprising, if only for our children.
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Why can we not fight again, but this time for our lives? It's really just not funny anymore.
>INTRINSIC VALUE due to their PROPERTIES which uniquely position ONLY gold and silver to be money
Explain why only gold and sliver are money due to properties and not platinum, or tungsten, or stainless steel, or bronze, or brass, or Iridium?
yeah, thing is it doesn't cost ~$1000 labour/resources to produce a single ounce of spice
Reason it has value is because it had value before humanity as we know it was even here:
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I wouldn't give it back either fuck those shitskins
Saffron.
Salt and spice have both literally been used as currency in the past.
I'm honestly curious as to why the BofE should feel that it's any of their business as to what Venezuela wants to do with its money.
Anglo-American-Ashkenazi capitalism was both the worst possible system to take over the world and also the one which would inevitably succeed
Any usable product can be used as money..
Name somewhere where salt was used as a currency, no rome did not pay its soldiers in salt you nigger, they got salt rations, modern day soldiers aren't fucking paid in mres even if they are given them
What the fuck is it even doing over there?
Have something to trade oil with since their currency is worthless and they're out of USD and can't get more
>Ashkenazi
No worries, mate. That part of the equation is going to get trimmed back pretty soon, and nothing of value will be lost.
Salts not durable nor has intrinsic value
No. This is the dumbest post in the thread
Even if you pressed a button and every Jew disappeared a bunch of Anglo-American[-Indian] elites would instantly fill in the gaps and start doing the same thing
No.
There are crooked people in every society, but a whole society of crooked people is a phenomenon. See also: Roma
Jews and Roma are both pretty filthy, and it is no wonder that civilised people don't want them around.
>Unique properties
Yeah. You can't print it out of thin air.
It would be interesting to know whether the BofE just doesn't have the funds in gold, because that would be pretty telling.
Only the nig example there is them actually using salt as a currency.
This could be us America if you guys would just vote Democrat.
> 12 tons of gold what do you need 12 tons of gold for?
> All this kvetching goy ove a measly 6 tons of gold
> Its not like you can do anything with 3 tons of gold.
Dont forget to pay your storage fees on that 12 tons of gold goy.
How much gold should an individual have if its valued by countries
Name somewhere.
Names somewhere.
ONLY ONE OF THEM DID IT.
nothing has value but tools, homes, food and family..you can shove the rest up yo ass bank nigger
Hey, we already voted in this faggot. What more do you want?
>Intrinsically valuable
Nope.
All those other things are true though.
No. Only Americans and/or huebros can reclaim venezuela.
This, I don't hate the average Anglo, but the Belgrano was a dick move from your leaders. And still hurts.
>meanwhile in Brazil
>hey guys, let's start digging for gold and other precious metals again. We have enough that we can replace the whole African continent as the world's top supplier of precious metals, because no-one wants to buy it from nigger warlords
Chad Bolsonaro is going to do for Brazil's precious metal mining industry what Trump has done for America's fuel industry. Meanwhile Virgin Venezuela gets on their knees and begs the Britbongs to give them their gold back. Maybe they can finally answer the age old question of whether British cock tastes like tea, or fish and chips?
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Depleted uranium, lead, and tungsten have these properties themselves and don't corrode. Aluminium used to be money too until we figured out that it's everywhere.
>Depleted uranium, lead
toxic
>tungsten
brittle
>Aluminium
cheap