Actually when gold go down it means strong confidence in market
Kayden Nelson
JEWS ARE CASHING OUT
Tyler Nguyen
Maybe stop connecting your thinkpad T60 to Jow Forums using free AOL dial-up internet discs
Nathaniel Thomas
Gold is for when the US dollar dies and you need another store of value. Buy now while it’s on sale unless you truly believe the compounding interest of the US dollar makes it a better store of value than gold.
Connor Roberts
You people are fucking dumber than niggers. The dollar value of gold irrelevant.
Think about it... did gold all of a sudden become valuable when America was born and the dollar was created? Of course not. So why would you be valuing gold in terms of dollars.
You don't buy gold to get back more increasingly worthless dollars. You buy gold because fist is a scam and you want money and wealth for when the dollar implodes.
Then a couple ounces of gold will buy you a nice home after the deflationary collapse following hyperinflation
Dylan Carter
Nice try >Meanwhile bitcoin is dropping too.
Austin Harris
Bingo sort of like I said above
Jacob Anderson
Or it means more Cheap money injected into the system to trick the market into everything being alright. Just like what has happened the last 9 years.
William Roberts
doesn't work in non crypto. dips are usually for big reasons and it wont recover from them any time soon
Hudson Gonzalez
And here comes the gold autist who lives on Jow Forums
Jayden Morris
gold has no inherent value. uranium on the other hand has a lot of value because it can be used to power cities for aeons
David Reed
I could say the exact same thing word for word about bitcoin gramps. Except bitcoin is a lot more liquid and easier to store/trade than gold.
And has all the properties that real money has to be.
Why the fuck you think it's been money for thousands of years?
China, India, Russia all accumulating gold in record tonnage for a decade now. You think they are doing that for fun???
Why do you think we are on the brink of WW3? Cuz the chinks and Russians don't want to use the dollar for trade anymore... why? Because it isn't backed by gold and the dollar is Vaporware like tron
Christian Green
>Gold inherent value is that it is real money. lel how so?
Bentley Nelson
Your infected by Jew propaganda just like most Americans.
How the fuck is bitcoin a store of value? The price of bitcoin was 20k 5 months ago. Now it's 7k. That's literally the polar opposite of a store of value.
Moreover, the primary function of money is to measure value. Bitcoin doesn't measure value. And nothing has measured value better than gold for thousands of years.
You can go into the fuckig bible and it tells you that 1 ounce of gold bought you 350 loaves of bread 2500 fucking years ago...
And guess what? If you take a gold ounce to a coin shop today you'll get 1350$ for it and you can still Buy just about 350 loaves of bread for it today.
2500 years and your value was stored.
You dumbasses literally market bitcoin as the new gold while being anti real actual gold. It literally defies logic. Niggers in public schools are geniuses compared to you when you use that kind of thought process
Cameron Robinson
Because it's physical tangible wealth that represents a unit of labor you braindead pajeet.
Bitcoin is just a bunch of electrons running around on a circuit board inside a computer. It doesn't represent shit.
You fuckers come in here saying fuck the Jews, yet you are anti gold. How the fuck you think the Jews destroy the dollar and confiscate all your wealth through inflation? Because gold doesn't back the currency anymore. That's why.
And I'm not saying you can't have crypto but you need gold to back it .
Nathaniel Lewis
>Because it's physical tangible wealth that represents a unit of labor you braindead pajeet. Then how come we have fiat currency now, and not gold-backed currency?
Chase White
Gold is garbage. Only retards and boomers still believe in it
In fact... the main reason youbare in crypto is because the dollar is dying... because it isn't backed by gold (whether you realize it or not)
100 years ago 20$ = 1 oz of gold. And that 20$ was a good weekly salary. Today that 20$ barely buys you lunch at a bar. But that gold ounce (if you convert to fiat) gives you $1,350... which is still a good weekly salary.
So gold held up as real money while the dollar was decimated.
Ever hear the saying the dollar is as good as gold? Well that certainly isn't the case anymore.
There was no faggot kids bitching about "income inequality" in 1950 because gold backed the dollar.
Cameron Lee
Because the creature of jackal island - t boomer
Cameron Morgan
Because the Jews at the fed took us off of it so they can confiscate all our wealth through inflation. Except now the rest of the world is mad too. What do you think WW3 is about?
Russia and china want out of using the dollar in intl trade. Their debt is being devalued. And the Jews and military industrial complex cause war all over because they want to cling to the power that the dollar as the reserve currency provides them.
Joseph Martinez
>implying it wasn’t
Wyatt Morris
Literally half the reason you are in crypto is because you can't "make it" at a regular job anymore because your purchasing power is being destroyed through inflation by the Jews......
BECAUSE the dollar isn't backed by gold.
You guys laugh at boomers for their 10% returns yearly. Well 50 years ago 10% returns were like 100% returns in crypto because under a gold standard prices were cheap. And stayed cheap.
Justin Gray
The boomer goldbug cringe is real.
Gold is a shiny metal that is pretty abundant and is still being mined in quantities we can never know for certain. Just like anything that isn't food etc., the value is entirely fictional.
David Gomez
Explain what happened to WTC 7? How could it collapse exactly like the rest?
Ryder Wood
Also gold isn't liquid? I can go anywhere in the world and exchange gold.
Go on YouTube and you can find starving niggers in Africa panning for .01 gram of gold in riverbeds who immediately exchange it for a loaf of bread.
James Garcia
WHALES ARE ACCUMULATING
Ethan Parker
guess where they are going to put it
Adrian Long
No Gold is desirable for the microwiring in the next-gen semi-conductors.
Angel Jenkins
How do you buy food? How have people bought food for thousands of years you retarded nigger?
Gold and silver. The word for "money" in many foreign languages is literally the word silver.
Fucking dumbass. What do you think people have bought food with for milennia? Their piss?
You can go on YouTube right now and find starving Africans panning for gold in dry riverbeds and when they accumulate .01 gram of gold they can exchange it for a loaf of bread.
The ironic part is you are all anti Jew and don't even realize your being cucked unironically because gold doesn't back the currency anymore. Where the fuck you think all the income inequality comes from?
You people are all stupid
Kevin Davis
Kinda true. Watching boomers who look like they should be in a nursing home, are instead driving Tesla’s suvs and land rovers being paid by my 9$/hr wage . It fucking makes me sick
William Myers
"Gold is money, everything else is credit." - JP Morgan (testimony to congress 1912) "In the absence of a gold standard there is no way to protect savings from confiscation through inflation - there is no safe store of value." - Alan Greenspan (1966)
Anthony Carter
And that gives it its current value?
>How do you buy food? How have people bought food for thousands of years you retarded nigger? People used all kinds of things all the time. Like shells, salt, ...
Nathan Williams
Reminder gold is for boomers the new gold is Bitcoin
Thomas Hughes
>1912 The gold standard was in effect.
Alexander Davis
This faggot, in every thread posting the same shit about gold.
Michael Clark
This is just a healthy correction, buying the dip.
>How do you buy food? How have people bought food for thousands of years you retarded nigger? People used all kinds of things all the time. Like shells, salt, ...
Jonathan Butler
LMFAO I need 50cc of Peter memes in here STAT
Isaac Reed
I hope all these retirement fund institutions get crypto shorted to the ground by the Jew banks. Just like the banks shorted on institutions subprime mortgage contracts during the 2009 financial crises
Colton Perez
Actually the opposite. Whales are dumping and banks are accumulating. You thinks institutions will buy crypto from hedge funds. U stupid fucking cunt kys
Jaxon Nelson
Yeah... and now the gold standard isn't in effect and we are 20 trillion in debt and People fleeing to crypto.
Here is a great example....
In 1964 1oz of gold = 30$. And in wage was $1.25.
So after one week a min wage earner could purchase an ounce of gold.
Today gold is $1,350 and in wage is around 9$.
So a min wage earner today has to work an ENTIRE month to purchase that same ounce of gold that a min wage earner could purchase after a week in 1964.
So a min wage earner today is not early as well off as a min wage earner in 1964.
And that my friend is how the Jews are fucking you
Alexander Reed
>In 1964 1oz of gold = 30$. And in wage was $1.25.
So after one week a min wage earner could purchase an ounce of gold.
Today gold is $1,350 and in wage is around 9$.
So a min wage earner today has to work an ENTIRE month to purchase that same ounce of gold that a min wage earner could purchase after a week in 1964.
Thanks for confirming that gold is overvalued as fuck.
Carter Ward
He probably believes the government spies on its own citizens without a warrant too, what a tin foil hat lunatic am I right?
Ayden Fisher
Market crypto as the "new gold"
But being anti REAL actual gold.
Defies logic. People like you make niggers look smart.
Adam Cruz
>Yeah... and now the gold standard isn't in effect and we are 20 trillion in debt and People fleeing to crypto. Just saying that quote you used does not have the same relevance as at the time.
And gold value is just as fictitious as anything that isn't food, weapons, or shelter.
Tyler Hill
Behold the weak hands of crypto babies.
No one ever loses with gold or real estate. No one.
Carter Wilson
It's not overvalued you stupid pajeet. All the dollar value of gold represents is how unstable, volatile, and lack of store of value the dollar is.
There were no income inequality memes in 1964. Income inequality is probably a top 3 issue today.
So it's obvious that the dollar is what is fucked.
A gold ounce 900 years ago is still that same gold ounce today. Doesn't make a fucking difference if the dollar exists or not.
How are you guys so devoid of logic and thinking skills? It's fucking scary how infected with Jew propaganda your brains are. Then you come in here bitching about Jews not even realizing the Jews and their commie public schools have trained you to do their bidding for them.
Cameron Nguyen
How do you buy and or value that food and weapons?
If gold is so fictitious why don't we all go live on the beach and seem that sand is money. Wouldn't work out too well right???
Isaiah Sanchez
>If gold is so fictitious why don't we all go live on the beach and seem that sand is money. Well sand does cost money.
Hunter Collins
>> comparing 1912 to 1918 The absolute state of this board. Fucking brain dead invasion like this retard who claims to know what he’s talking about.
Let me add to your peanut brain some valuable information. Bitcoin just like gold has a limited supply and it has a foundation that only experts can understand. You can’t Trade actual gold bars across the world at lighting speed. Kid you’re fucking retarded kill yourself
Carson Cook
And of course that quote is relevant. Time doesn't matter.
Like I said... 100 years ago 1oz of gold = 20$. That 20$ was a good weeks salary.
Today that 20$ doesn't even buy you lunch at a bar. But that gold ounce is worth $1,350.... which.... lo and behold.... is still a good weekly salary 100 years later.
So obviously time doesn't matter when you hold real money. Gold.
You could go buy a gold ounce right now and take a time machine back 100 years or 2,000 years and you'll be able to buy the same amount of shit that that gold coin could buy you today.
You idiots are so dumb. Bitching about Jews but then being brainwashed by their fiat.
That's funny because if I had bought $20 of bitcoin 8 years ago, I'd have $3 million today.
Gavin Johnson
>Because it's physical tangible wealth that represents a unit of labor you braindead pajeet.
What benefit should that be? Nobody cares if you can touch and feel a store of value as long as it literally stores your value.
>Inbe4 some random BTC ATH comparison
Daniel Ross
This is the real reason people don't understand why bitcoin has value. It's too abstract to them. Literally a sign of low IQ.
Jose Gutierrez
You are a stupid.
Nobody is talking about transacting in gold to buy twinkles. Gold is BOTH currency and money. Obviously we aren't going back to paying for shit in gold but you NEED real money backing the currency.
You can have crypto but it needs to have backing just like when the dollar was redeemable in gold.
Bitcoin is a POTENTIAL currency but it is not money.
Look at china... they are big into crypto but they have also been accumulating record tonnage of gold. You think they are accumulating all that gold for fun and it won't have any sort of backing with the new currency???
And the bellcap at the hotel in Weimar Republic Germany who had 25 ounces of gold was able to buy a city block after their hyperinflation event.
There's a difference between investing and having real money. You don't buy stocks for the same reason you buy gold.
Bitcoin is speculative investment for now. It isn't even a fucking currency.
Think about it... when the dollar was strong in say 1910... and you earned 100$ and you put that 100$ under your pillow for 30 years. You weren't expecting it to buy you 10,000$ worth of goods 30 years later right?
That's not how money works. You can't just give a hooker 100$ for a Blowjob and it's worth 1k a year later? That's not how it works.
Robert Watson
my bags
Lincoln Watson
Survivalist supplies... BECAUSE THIS IS THE BEGINNING OF THE END!
End of the world, people will arbitrage the gold to the east where there's a higher price. West will be depleted of gold reserves and China will become our new overlords once they back RMB with gold.
Good luck carrying a ton of gold around with you, ignorant faggot.
Kevin Thomas
But it's not storing your value pajeet. If it was a store of value then why are the normans out?
Because they started buying at 20k and it's 8k now. That's the polar opposite of a site of value.
Now gold..... I actually hope gold goes down to 300$/oz because that would mean that our govt isn't out of control anymore and is becoming fiscally responsible.
And gold at 300$ means that prices of everything would drop. So you wouldn't lose in real terms if gold dropped 70%.
Gold was 300$ about 20 years ago. And overall prices were much cheaper, right? i got a jimmy johns sandwich, chips and a drink yesterday for 12 fucking dollars. 20 years ago that same meal cost probably 5 bucks.
Gold just represents how strong or worthless the dollar is
Benjamin Wilson
Dogecoin
Jayden Evans
It's not about carrying around gold to buy things it's about backing the currency with gold so the Jews can't steal our wealth through inflation.
I can't believe you faggots on Jow Forums are this dumb. You literally blast the Jews for fucking everything economically and you don't even understand that they are able to do that because gold doesn't back the dollar anymore.
Even fucking niggers with no formal education in Africa understand gold is money. That's how dumb you fucktards really are. Thinking your so edgy and smart.
Kevin Morris
...
Jason Carter
good luck with gold. Are you going to chip off pieces of your gold bullion to pay for a bag of potatoes at the market in this event?
if dollar collapses, you have WAY bigger problems than holding gold is going to fix. If crypto takes off it will be much more efficient and can virtually replace gold or currency in some capacity from the start to still allow trading,
Robert Robinson
Imagine being stupid enough to actually be a goldbug. Fucking kill yourself autist. And gold is falling because rates are rising since gold is just a relative yield play
Colton Sullivan
Gold is so useless you can't even virtualize it lmao. On the other hand, machines know exactly what a bitcoin is
Sebastian Mitchell
Gold is money, Bitcoin is on the way to becoming money. You should have both.
Zachary Green
The entire point of owning gold is because you fear a dollar collapse. That's the entire point you fucking stupid nigger. WTF you going to put all your wealth into? Canned goods?
How fucking stupid are you brainlets??? The EXACT reason you buy gold is because jew fiat is a scam hijacking all your wealth.
Aiden Evans
Nice dub trips.
Easton Perry
Wrong gold is money and bitcoin is a potential currency. They can work together.
If you took a time machine 200 years into the future and you could put all your wealth into gold or bitcoin... what would you choose?
Gold of course.
Anthony Jenkins
chill out faggot. Explain to me how having 10 lbs of bullion is useful in an event where the dollar collapses and brings everything down with it including industry and jobs.
first, how the fuck will you guard it? secondly, how are you going to spend it? Its extremely impracticable. gold is great for keeping with inflation, but that is it.
in an event like above, if crypto takes off, it will be way more efficient. you can actual spend it, secure it extremely easily and its very accessible.
Mason Ward
Gold is worthless. It's inferior to other metals in every aspect. The only value of it is that it's rare. That's it. And the belief of people.
Guess what? Bitcoin is rare as well but it can be transferred. It also has the value based on scarcity and the belief of people. That's why gold will soon be worthless. This dip is just the beginning. People are actually pulling out on gold and putting the money into crypto. The future.
