Watch the kike shills sperge out as we prove only gold and silver have the properties necessary to have INTRINSIC value and be therefore be uniquely placed to be money.
The kike agenda is to promote economic non-accountability allowing for unlimited debt spending
Other urls found in this thread:
youtube.com
youtube.com
twitter.com
>CARE ABOUT THIS ROCK
No.
See.
This is a kike shill damage controlling
>calling gold and silver rocks
>I swear its not the equivalent of turquoise and amerindians
Yeah - its not.
As explained, only Gold and silver have the properties to be considered money
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.
I have no intention of killing my fellow white man for your shiny pebbles, anglo
This has nothing to do with the conversation
Give Venezuela their gold, bong
Stop manipulating forex with unbacked paper
Money is whatever people accept as currency. Might be seashells as well as gold or pieces of paper with numbers on them
No.
Only gold and silver qualify due to their properties Explained here > >
>Give Venezuela their gold, bong
We should.
But Im quite sure its not there
Thats the really truth
You are correct, gold and silver have never sparked conflict.
Yeah thats why there are a shit ton of gold coins in the ocean the magically appeared there kek
If youre not a bot, youre an NPC.
Youre responses have nothing to do with my posts
cool so nasa just covers their space equipment in shiny rocks and it does nothing.
>space equipment
Looooool
>I can't debate you so you must be ai
I'm flattered
>your country is broke
My country has the world's third largest reserve of gold (4th if you count the IMF)
youtube.com
skip to 8:00
Oil is the only true currency on the planet
Pls another libertarians meme idea.
It should also have no other use besides being a currency. Gold doesn't meet this criteria. Gold is more useful in industry than as currency
Land, fuel and wombs are the strength of a nation
Its not a debate. Your posts have no relation to mine. Your just posting in your own little world
It will be the only accepted currency for a time when (((current monetary system))) got destroyed. Bitcoin are a sham, no energy no money and after destroyed infrastructure after a massive war nothing except pre computer tech will work. We will have to start in the early 1900s again after WW3, that much is certain, so better to learn some survival basics now, like fishing, hunting, etc
Whoever is accustomed to the current city life wont make it
Libertarians are for Austrian Economics.
That means a 100% backed or accountable monetary system that cannot be printed at will and devalued like the current debt based fiat system can be.
This factor alone makes Libertarians THE BIGGEST THREAT to the status quo and the jew overlords.
This is why libertarianism is constantly attacked and NatSoc is promoted as it keeps government relevant and even worshipped.
If you've fallen for the natsoc meme, you have fallen for pol psyops and social influencers.
My money is bullets. Name a better investment.
Bullets run out when no one produces em anymore, also it's the currency of criminals
Article 1 section 10 US constitution: only gold and silver are money
>swallow the gold pill
daily reminder only bitcoin cash is money
You're right, mentioning that I'm not willing to die/kill for gold is not challenging its value established by thousand years of armed conflict
Currency is a debt based upon the future productive output of the country that prints said currency.
The only way that gold and silver are more valuable than the currency is if the nation that prints the currency fails..
Buy food and ammo, you can't eat your gold and silver when the economy collapses.
You cant make replace money with gold simply due to inconvenience.
It works in a fairytale but falls apart as soon as you imagine an everyday life with gold as a currency.
Bullets will be currency in a shtf scenario. Not fucking gold or silver.
t. Fag with parents from the yugoslav wars
>INTRINSIC value
>INTRINSIC
Nope
Why? Doesn’t utility make it a better currency because it has actual value in reality?
True.
best ammo
>No 20mm HEI
pfft, nice nerf collection
Violence weighs intrinsic value
Wouldn't water or food be a more urgent, necessary, and overall more valuable currency in that scenario?
I like my money warm and furry.
Money is not true wealth LOVE is :)
Zest for life LOVE life BE HAPPY. Create with joy in your heart and the wealth will neverend. A new dawn has come. evil will end LOVE will reign
No. If it were an apocalypse food/water would be the currency
LOVE
I LOVE you all and I meme it
there are three things that are sure investments in this world
in order of most importance
1. weapons
2. people
3. gold
take the grand you we’re gonna spend on an ounce of gold and buy 2 pistols and ammo
when the shit hits the fan would you rather have a pound of gold or an arsenal of weapons?
next, either be charismatic enough for people to like you, or bad enough for people to fear you
either way if people follow you, power follows you
then you can have your gold
1488 Double Up
88 Infinite
14 (2x7 Spiritual LOVE)
barbarous relic, pleb
did you know if you took all the gold in the world it would only fill about tree fiddy
sup shlomo? even your postnum shows off your allegiance to hell
I'm not buying your bags, OP. You'll just have to wait for the next recession like everyone else.
Austrian Economics is evil and stupid. It claims to be based on psychology, but ignores all psychological factors that don't fit its predetermined outcomes.
Fiat money, with its value determined by the market, is far superior to using precious metals as currency. The latter approach requires the government to waste resources acquiring those precious metals. And with fiat money, the government can always ensure there's the right amount for the economy's needs, whereas using precious metals causes severe boom bust cycles.
Money is a great servant and a terrible master. Fiat money serves us; using gold as money forces us to serve it.
Should I start investing in Silver Eagles?
Gold/silver/platinum etc will only become more valuable too considering their electrical conductivity properties and value for technology.
Isnt it odd that this metal humans have dug up as far back as recorded history and used for trade purposes, thats not really that good for any other purposes other than ornamentation ends up becoming the most valuable mineral for high technology 5,000+ years later....
>>Give Venezuela their gold, bong
>We should.
>But Im quite sure its not there
During the Cold War period, West Germany had offshored most of their gold holdings to NYC and London fearing a Soviet invasion. In January 2013 the German government asked the NY Fed, in whose vaults the gold was stored,to let the Germans repatriate their gold. The NY Fed said that was impossible and the soonest Germany could get their gold back would be 2020 [Germany ended up repatriating their gold in 2017] The Germans then asked if they could visit their gold in the vault to see if the serial numbers of the bars matched their list (How 20th century...) The NY Fed told them that they couldn't do this.
In so many words, the gold was no longer there. And buying gold in the open market to meet the obligation would cause the price of gold to skyrocket.
Within four months of Germany's request that could not be met, the price of gold had been smashed down hundreds of dollars. It still hasn't recovered
Not the most valuable at all. Semiconductors (other than silicon) are worth far more.
The utility means it should be used and not hoarded. The reason paper money makes a good currency is because it is designed solely to be a currency
> you're an NPC
> * angry face* YOU'RE AN NPC!!
is that 5.7x28?
never hurts to buy some silver. it's cheap!
This. It's basically at the cost of production right now. Miners are refiners are making basically nothing at these prices, it can't go much lower with current supply.
It's a zero-risk investment which will at least protect you against inflation better than a bank account with current interest rated.
T. own 20+kg of silver and 10 ounces of silver.
Guns and ammo are the two things you never barter in a SHTF scenario.
If you have the guns, it makes it much easier to just take the water and food.
But yes, go get a few bags of rice and beans, and some canned meat (beef has a ridiculous shelf life of something approaching 5 years). Sugar, salt, and spices.
>INTRINSIC value
Gold does not have intrinsic value. If the economy collapsed and I mean when shit REALLY hits the fan and people where starving do you think that gold will still hold its value? It will not. The only things that have intrinsic value in those situations are things that will help you stay alive i.e food, water, toilet paper, hand sanitizer, ect ect. You can't fucking eat gold and I'm sick and tired of the gold and silver meme. When shit hits the fan, I know I'd rather have 50 cans of food than a piece of metal you can't eat.
Depends on the company. AISC for some silver producers can be as little at $5-8/oz
Only services and inherently useful objects are money. Gold is grossly overvalued. Data would probably be a better currency; like bitcoins made of encyclopedias.
>>When shit hits the fan, I know I'd rather have 50 cans of food than a piece of metal you can't eat.
I'd rather have 150 cans per person plus a bunch of guns and ammo plus a bunch of metal for when things return to normal
>Gold being worthless is something a Jew would think
O-okay...
imagine believing this
Truth.
But I can take gold from the ground here, so I've diversified-- silver and sweat-investment in gold. Got 8 grams just panning the creek a few times. Once I've got an ounce, I'll take it to the assayer.
Nice meme. So what does a country do if it has no gold? I mean historically? Trade its women's pussy holes and cut down its forests and let someone control its assets. Better to just print money