2018

Literally said savings, which is different from investment

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HRRRM HRRM GOLD NOT GOOD HRRR
IMAGINARY TOKEN MUCH BEETTER

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any form of money is useless in a broken world you fucker, but you bet on the future that there are more spoiled fucking kids with 24k gold iphones in the kindergarden

Yep. Guns and ammo are a much better store of value. If you buy a gun close to the cost to manufacture, it will hold its value very well.

>Do you think you are going to be able to buy a loaf of bread with your gold?

Yes. People sold their gold for guns and ammo in the bosnian war.

they're both shit

Gold will rise when the shit hits the fan, sure, but it goes back down from peak after the emergency is over.

So you buy gold just in case the world ends. But what happens if the world doesn't end? Here's the price chart from 1973 to 2017. Sure, you had a spike during the housing crisis, but it was dead money for nearly 20 years until that happened.

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>hurr durr cant trade gold for anything

>Money soon becomes worthless. Expect to barter, with all the exchanges occurring in the street. If not living by theft, stockpile more food, hygiene items, batteries, accumulators, little trading items (knives, lighters, flints, soap). Salt was expensive, but coffee, cigarettes, lighters, and batteries were even more expensive. Alcohol traded without problems. Own as many small, unnoticeable, useful things as possible in terms of space and money. 1,000 disposable lighters are compact, cheap, useful, and can always be traded. Gold & Silver could be traded for guns and ammunition. Never trade at home, never in great amounts. People should never know how much and what you have at home. Always value weapons and ammunition the most.

You retards fantasize about the US government collapsing and the dollar being worth nothing. If that ever did happen then the country and the entire world would be in a state of chaos. No one's going to give a shit about your gold coins you bought on the internet. You'll have 1000 bigger problems to deal with

>Women
Women have a pretty low value in times of crisis, as all the roasties will be offering up their flaps for a can of beans.

I'd buy gold but the only way to sell is to sell to some coin shop that takes your ID and files an SAR/CTR with the IRS/FINCEN

no thanks

The world didn't collapse, just Bosnia. People could sell gold to countries who valued gold for it's aesthetic value.

End of world it has no purpose. You can't sell it anywhere.

Gold is money stupid. It's not an investment. People been using gold to buy shit since niggers became homosapiens

its money, its a store of value, fungible, medium of exchange. bartering is a pain in the ass

yes when the world is burning its kind of useless. but when the dust settles you will need to trade at some point

Gold is an asset.

You are a brainlet.... all that happens is gold is revalued much higher one day to purge the debt from the system. You think china has been accumulating record tonnage of gold for a decade now for fun? What about Chinese citizens too who collectively own 6k tons of gold in their hands.

You think those ghost cities were built to be ghost cities still the end of time? Just build cities for no fucking reason and nobody to live in them?

As soon as gold is revalued between 10k-100k per ounce... those ghost cities are going to fill up faster than your head can spin.

Gold is an asset AND real money.

"Gold is money - everything else is credit." -JP Morgan (testimony to congress 1912)

>Yes
Read: No

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Won't come to that. Overnight revaluation. We wake up one day soon and gold is somewhere between 10k-100k per ounce to purge the debt from the system.

Chinese become wealthy and lawyers in America are sucking dick to make rent.

Going to be the biggest transfer of wealth in world history. Especially silver.

Right now in Venezuela 1 gold ounce JUST 1 is equal to 5 years min wage down there. Now imagine having 15 ounces which isn't much.

50 ounces of silver for a median priced home after the deflationary collapse of all asset prices. Converted to the new currency of course

>but when the dust settles you will need to trade at some point
any decent civilization would move back to fiat currency as soon as possible. having a fixed money supply is retarded when you're trying to rebuild

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Yeah and when the world is in a state of collapse and people are scrounging for food and weapons and shelter then the last thing anyone's gonna give a fuck about is your coin collection you retard

>Right now in Venezuela 1 gold ounce JUST 1 is equal to 5 years min wage down there. Now imagine having 15 ounces which isn't much.
yeah because their currency is massively inflated, you aren't making a point here
their currency is worthless, so obviously one chunk of gold is worth a lot, that doesn't make gold special, you're just reiterating the fact that venezuela has worthless currency
$1500 buys the same shit dude

It's not for aesthetic value you fuckig normie Jew. Gold is REAL MONEY.

You think china has been accumulating record tonnage of gold for over a decade now because to just pretty to look at?

Jews really fucked this country's minds. Not understanding gold is real money. And the reason we have rampant inflation and income inequality.

You should try shorting the Total US Stock Market or start investing exclusively in Chinese ETFs then if you're so confident. But you're not that confident, you're just trying to justify your precious metal autism

How the fuck you think you are going to buy food??? You fucktards are so Stupid. Nobody buys gold to get back more worthless fiat. You buy gold because you want money and wealth when fiat collapses.

It's like you faggots actually think life didn't exist before you were born. The world has seen countless financial calamities and not fuckinng once has gold ever been worthless.

So we have a economic collapse... and you brainlets think the world is going to become some closed loop barter system to the end of time with people trading chickens for soap?

>since niggers became homosapiens
you mean never?

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>You think china has been accumulating record tonnage of gold for over a decade now because to just pretty to look at?
they also have record demand for ivory and jade

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this is a meme

You'd probably live life a lot better in this cataclysmic scenario by teaching yourself first aid and starting a farm now. But you obviously won't do that because you know that this probably isn't actually going to happen and you just want to feel cool looking at your shiny rocks

>implying there will be a centralized government and not balkanized farming states

how are you going to buy farming materials?

you know what else people used for thousands of years? Horses as transportation. Until one day something better came along and now horses are nowhere to be seen.

Gold as money made sense before computers and the internet. Now it's a relic, a novelty, used only for amusement, just like a horse drawn carriage.

>EMP strikes
>welp there goes all your life savings

Buy them right now and start sowing if you want to be prepared for the apocalypse you're fantasizing about. You'll be a lot more prepared that way

if that happened, gold wouldn't be much use to you either. Food and bullets would be the only currency that matters.

Also, with bitcoin, that EMP strike would have to be simultaneous world-wide to have any permanent effect. Even then, can restore from satellite backups.

Literally just bought a cow last week. Lol. Family friends nearby had a little farm homestead. Chickens, goats, ducks, roosters. And my friend said his family is buying a cow , to have a bunch of meat Available . Although they aren't into it because of economic collapse. And 3 of their family members went in on the cow.

So I said hey I'll buy one and you guys keep it on there and you can have most of the meat if you want. They don't know that I know shit is going south. So they think I'm just buying it to have some meat in abnormal world when I'm really hedging my bets so when shit collapses me and my senpai can be taken in since I was smart enough to slyly by a cow for me for them to have.

Couple months ago as a gift I bought them like 150 dollars of survivial seeds off amazon. They've already lamented them all on their growing.

They think I bought them it to be nice. I bought them it so my senpai won't starve when the Jews take us down

Family* not senpai

Funny because they now can create gold in a science lab. Real scarce if you ask me lol

You know user, I think you're a paranoid fuck but I respect you for actually committing to it instead of starting a coin collection and pretending that'll cover you like some of the people in this thread like to pretend. Hope you enjoy your cow.

not investment, it's insurance

#
Literally just bought a cow last week. Lol. Family friends nearby have a little farm homestead. Chickens, goats, ducks, roosters. Young family just getting starred up. And my friend said his family is buying a cow , to have a bunch of meat Available . Although they aren't into it because of economic collapse. And 3 of their family members went in on the cow.

So I said hey I'll buy one and you guys keep it on there and you can have most of the meat if you want. They don't know that I know shit is going south. So they think I'm just buying it to have some meat in a normal world when I'm really hedging my bets so when shit collapses me and my family. can be taken in since I was smart enough to slyly by a cow for them to mostly have.

Couple months ago as a gift I bought them like 150 dollars of survivial seeds off amazon. They've already started growing them and saw how they were coming along the other day

They think I bought them it to be nice. I bought them it so my famy won't starve when the Jews take down this economy once and for all.

Im sneaky.

Yea but they'll definitely care about your BTCP

Equally retarded as gold

That is in case if trade as occupation dies.
As long as there are any trade routes or commercial loans stable currency, eg gold, would be in demand

I mean yeah bro... of course its good to have food, guns, ammo etc.

But a lot of these stupid ass niggers... say things like "only ammo and guns will be valuable not gold."

Well of course ammo and guns are valuable in a collapse. But those don't protect your wealth.

It's like these dumbasses think that there's a law stating that you will go to jail if you buy gold... and then go buy some ammo or freezes dried food also.

Newsflash morons...... you can buy ammo, seeds, guns, AND gold too. It isn't an either or proposition.

>autistic obese retarded NEETs think they wouldn't just get shot and looted

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Exactly... it's like these morons think we will be in some sort of closed loop barter system forever after the dollar implodes

$600 Silver must come it will come

i own $40k worth of gold

am i retarded

industrial scale trade has been conducted with paper money since the crusades
gold is fucking heavy, no one wants to carry it around if they can help it

>>>>/zerohedge/

40k worth of gold will be generational wealth when the dollar implodes. Silver is even better.

For most of human history and even in America a days wage was a silver piece the size of a dime.

But now we have billions more people and much less silver available. So after the deflationary collapse... you'll potentially have a situation where 3-4 days of work will be worth a silver dime. Because we have so many more people than before back in the day and much less silver.

So as little as like 8k worth of silver right now will probably be worth 25-30 years of days wages

I'm not SAYING we are going back to fucking giving silver eagles to the grocer. But it will have to back the currency to purge all the debt from the system in a revaluation of metals.

First it was barter... then gold made it so we didn't have to barter. Then paper currency came so we didn't have to carry gold or silver around. But it STILL has to back the currency otherwise you have what we have now with the world swimming in debt.

And the only way to purge the debt is a revaluation of gold

I personally think comex has been keeping prices low for china to accumulate Cheap...because our dollar is becoming more worthless and thy hold a lot of our debt.

But at the same time.... the east is allowing us to stack silver cheap (JP Morgan's silver hoard.) and keeping the gold to silver ratio as high as it is right now... at 80 to 1.

Then when the revaluation happens of gold.... silver and gold will move to its historic ratio of 16 to 1.

And nobody loses. Since obviously Fort Knox doesn't have our gold anymore

no its not, holding a 1oz coin is a lot easier than holding a wad of $1440

bet if I buy your mom some gold she'll suck my dick

since you're underageb&, she'll be a quite young and tight for a milf I'd imagine

Earlier than crusades, boy. Look up Mesopotamia.
These guys were active traders millemia BC. Sure, they used ious, but ious are useless if you wanna trade long-distance. Nobody's selling you spice, or slaves, or mercenaries, or silk or whatever, if all you can give in return is a legal tender to recceive N pots of grain in some distant city you come from.

> gold is fucking heavy,
Yep. I am not sure if that is true for other countries, but in XVIIIc Russia the govmtt never transported collected taxes, cos it'd require barrels, guards, trolleys etc.
But if you are a long distance merchant, you:
1. Use gold: the most compact form of wealth instead of copper and silver;
2. Dont operate with such sums that you would be unable to carry;
3. May obtain goods to trade on your way back;
Also, if the trade route is well developed, you can expect to see trade houses or guilds or whatever from your start point. Ye, those guys can receive paper money or stamped money at higher price than locals, but that is only because they receive ppl from the places where there is trust in these currencies. Whenever they needed to interact with locals, they would use gold (or their currencies at the price of its material), cos locals don't give a shit about lord Farquad's from Faraway kingdom obligation to pay you 12oz of gold.

If we're talking total collapse, trade volume would likely be low enough for you to carry all your profits from a long trip in a lunchbox

So what woman basically supposed to do with piece of metal? That's not even iPhone

user, most people are cucks and want DADDY GOVERNMENT to take care of everything for them. most people are stupid fucking cretins, they are cockroaches. i wouldn't even call people "sheep" because that's an insult to sheep.

every time gold is mentioned, anywhere, be it here or other sites, there will always be some faggot who says gold is a terrible investment, when in fact, gold is what underpins all value. just look at btc, its entire marketing strategy was based on calling it the digital gold, and its even shown as a gold coin. so anytime you fuckers say gold is a terrible investment, and that you would've made more with crypto or stocks, that is true, but you forget that gold isn't an investment, it's a hedge, and the ultimate store of value. gold will never drop to 0 value whereas stocks and crypto have that inherent risk, even if it's bluechip stuff. it's still possible.

>inb4 but we can mine gold on asteroids
lel, ok, sure bud, we can't even fucking go back to the moon and you think its feasible to mine gold on asteroids? go find out how cost-effective that is.

>First it was barter
there's actually no significant evidence that any civilization every used a part economy. it's just a story people use to explain economics in simple terms
>But it STILL has to back the currency otherwise you have what we have now with the world swimming in debt
why would gold prevent debt? why do you think debt is a bad thing?
>And the only way to purge the debt is a revaluation of gold
this doesn't even make sense either. in a doomsday scenario debt is purged when the loaners can't enforce it.

you should really take some economic lessons from people who aren't trying to sell you more gold

and you're going to pay for a soda with dandruff sized gold specs?

You have such narrow vision that you'd never make it in the total collapse economy.
Big amounts of gold let you be the merchant in the wreck of the world.

You get to stamp your own currency, you get to establish trade routes.
While everybody else is busy farming and fighting, you get to trade shit.

If you have guns, sure, you can give them in return for what exactly?
Another gun? But that guy doesn't have one, that's why he came to you in the first place.
It is a whole new story if you have a gun, but you don't give it to that guy. You say that the gun costs 20 shekels, but he got zero. So you offer him to guard you for 5 shekels a month. When he got enough shekels he can buy that gun and leave, or he can continue guarding you with the gun in his hands for a stable income.

Jeez, no wonder jews managed to get on the top of this world

Kek.

>but ious are useless if you wanna trade long-distance
IOUs are useless if you never expect to see the guy again. they're perfectly find as soon as the two locations conduct regular contact and trade.
the trader who can establish enough trust to use IOUs are going to quickly outpace those who are burdened with physical gold
and I don't know what kind of collapse you're imagining but phones, cars and planes should pop back up pretty quickly. it's not like they would have to be re invested

>physical object of worth across dozens of mostly isolated cultures will suddenly not hold value after thousands of years of being precious

tshnrdtnfxtnd

>haha that's worthless!
>come disaster I will trade you goods in exchange for your currency!

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buy rhenium

> H-hey neighbor that's a nice garden you have i-i have a gold coin to trade for some food

Not having food for 6 months is more important and bullets will be the new currency. Who is carrying stacks of gold if shit hits the fan? Silver is also better for personal exchange.

this

the point of guns is to protect your gold, ie your WEALTH. Gold = Wealth. thats why jews have been hoarding it for 5000 years and are constantly passing it down

so much brianlets itt

your argument is against money, not gold. you are saying money is irrelevent in SHTF, which is only true in the very beginning. when all is said and done money will still be needed

Why does everyone think you can only have regular life or mad max hellscape? Gold is for decade long depression situations like the 1930's, which are far more likely to happen again than the apocalypse. And even in end of the world situations if you can afford gold you'll be stocked on guns and supplies also if that's really what you're preparing for.

You guys are all brainwashed. Bartering is how it will be done and gold will never be a currency again. It will retain value of course as it's useful and a precious metal. You're better off accumulating skills and assets (books, guns, ammo and etc) as nobody will give a fuck about gold until the bartering system evolves a medium which will not be gold.

You know, who doesn't expect to see the ppl they meet again?
Mercenaries. Mercenaries can't be paid with ious, cos they know perfectly well that its issuer may be their next adversary.

IOUs are ok only in small communities. A town with surrounding farms tops.
If you wanna trade with other towns, you don't want to trust in their ability to pay their debts. You son't want to check it either. Paying with gold solves this problem.
It has been trustless and untraceable long before economics became relevant as a science.

fpbp, truly sad seeing the state of nu-biz

Barter is a myth.
No society can function properly on barter.
Money is as old as humanity itself.

people will suddenly stop using gold as a medium of exchange which theyve done for the past 10,000 years in order to trade using a less efficient system

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you seem to have some idea about the history of money, but deny the conclusion civilization came to that brought us our current prosperity.

>You get to stamp your own currency, you get to establish trade routes.
>While everybody else is busy farming and fighting, you get to trade shit.
you want a very specific doomsday scenario where gold is valuable, but somehow doesn't hinder commerce
are you imagining society is so shit that people can't be trusted, but not so shit that people won't just trade immediately consumable resources?

Inflation adjusted historical price chart of gold: macrotrends.net/1333/historical-gold-prices-100-year-chart

Current price: $1,327.05
Price in 2001: $366.76
Price in 1970: $229.89
Price in 1920: $246.96

Gold's industrial and luxury demand is only a fraction of it's price. Most of it's price (90+%) is due to it's store of value and hedge against other markets.

However, now that Bitcoin is here it's been eating into gold/silver's store of value. It'll only get worse over time as it eats into it more and more.