HLOD on!

I remember when people were posting upward parabolic breakout trajectories breaking out of the existing Bitcoin parabola on Twitter in December last year

If anything has illustrated the value of gold to me it's the BTC/BCH split. Cryptos are software and can, and are in the case of BTC, be overrun by ideologues. Gold will always function as gold. It's just metal.

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fuck yes. I remember when my huge stack of crypto money just kept growing and growing daily without me doing jack shit, and watching the numbers reach crazy high numbers, and thinking I was set for life. I thought I was some genius trader back then and I could predict the market and 10x my money over and over again. And I started spending money left and right, even though I only cashed out $20k in December.

Are Goldies the ultimate faggots? Instead of banding together with cryptocucks and forming an anti-usury alliance, they engage in petty infighting and sectarianism because they are butthurt that their bags are so heavy (pun not intended), which sort of reveals that there is no ideology behind their position. They just want mad gains but are too scared to participate in a real market, crypto or otherwise, so they horde Gold and Silver and watch from the sidelines.

This. Then I remember when my portfolio dropped from 600k to 400k I thought I was fucking broke so no point cashing out, and I chilled waiting until finally cashing out 240k because I kept hoping we'd re hit highs. Then traded that 240k down to 200k where I'm at now.

Pretty shitty bros.

this

If only it was us vs the statists

you nailed it. checked.

Schiff was trying to help people

He just wants to sell his fucking gold man. That's it.

that just human nature in this doggy dog world mang

Gold is real money AND real savings. That's what you uneducated rats don't understand.

You don't understand that gold is savings.

The dollar value of gold is irrelevant. Gold didn't all of a sudden become valuable when America was born and the dollar was created, so why would you idiots be valuing gold in terms of dollars.

And you idiots can't figure out this basic 2+2=4 logic. Because the Jews have brainwashed you with their anti-gold propaganda.

If the dollar dissapeared from the planet tomorrow and bought you nothing. My gold is 10000% unaffected by that happening.

You fucking idiots don't even realize the entire point of buying gold is because fiat is a scam and you want money and wealth for when paper dies.

enough about your gold you fucking boomer no one gives a shit

Maybe, but I'm sure he can't resist telling them "I told you so" now

this

Hey I want to make a coffee stand that specializes in also selling magic the gathering cards. Give me money $50k

Top kek

Maybe so.... but so what asshole? Do you say the same thing about stock brokers selling you stocks? Everyone is selling shit everyday in every industry.

When you go to breakfast do you say... "wtf is up with this bitch server trying to sell me an omelette?"

Also... schiff is worth 200 million and gold is the smaller part of things he does and what he sells.

And he might be trying to sell you gold but at least it's fucking actual real money and actual savings.

Why keep your money in Jew banks where your cash is eaten away by inflation when you can park your wealth in the ultimate store of value... gold?

Truly they are. There is nothing wrong with owning gold and cryptocurrency. They are both tools used to fight usury created by the greedy foreskin eating jew

Are you stupid? Boomers don't own any fuckinng gold. The Jew anti gold propaganda has been going strong for 100 years.

You think your typical normie boomer owns gold? I bet you less than 1% of the entire population doesn't even own 3 ounces of physical gold.

In reality the boomers are just as stupid as you are. BecAuse they think the dolllar is real savings.

And the irony in it all is you come here and shitpost about Jews not even realizing the entire economy is fucked up and we have massive income inequality because gold doesn't back the currency.

Which allows the Jews to confiscate your wealth through inflation

>When you go to breakfast do you say... "wtf is up with this bitch server trying to sell me an omelette?"

Whoa!

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Deluded goldie.
Newsflash: gold is nothing but a shiny rock. Good look trading it for goods with an actual use if SHTF. In a socio-economic collapse where "paper dies" and we likely don't even have electricity, the only "real money" is bullets, weapons, fuel, fresh water, canned food, soap, whiskey, and medical supplies.

Kill yourself.

>asteroid gold mining becomes a thing
>gold is dirt cheap now
>goldcucks kill themselfes

Lmao

>so why would you idiots be valuing gold in terms of dollars.
I can't spend gold.

Truly gold owners are what?

It is FUCKING IMPOSSIBLE to lose owning gold.

The delusion is you faggits having a problem with gold. When nobody in human history the last 5,000 years ALWAYS wanted gold

are there asteroids with lots of gold in them floating around?

of course

How you going to buy those bullets, fresh water, food, etc???

With gold you dumbass.

Wtf you think is the entire point of owning gold you moron???

If you went to the coin shop right now to buy an ounce of gold.... why would you be buying it???

Also... in a societal collapse... wtf are you going to do? Put your entire net worth into canned goods??? I mean you think after ansocietal colllas we are going to live forever in some sort of closed loop barter system where people exchange blowjobs for toilet paper?

You need a baseline for money and a new currency you fucking moron.

There's no law stating that if you go buy bullets you will go to jail if you buy gold also. You can buy both you moron. You can prep and then protect the rest of your wealth with gold.

You people truly are fucking dumber than a bunch of public school educated niggers

>Truly gold owners are what?
ultimate faggots
what if an asteroid full of gold crashed into the earth? would the gold be preserved?

Holy fuck Peter Schiff is in this thread. Do you smoke weed with JPMorgan and Warren Buffet?

Yeah you can't spend it now because the Jews force you to use their debt instruments.

Why is gold cost $1,300 tho even tho you can't spend it? Because it's real money that tracks how worthless the dollar is becoming.

Just because your god the Jew govt says that gold isn't money.... DOESNT MEAN IT STILL ISNT. And if you put your wealth in gold they can't fuck you and steal your money through inflation you brainwashed kike lover

>Watch as the goldie becomes visibly distressed at a civil discussion on how cryptocurrency and gold can be mutually beneficial instruments serving different purposes, but that gold is fundamentally less flexible in its uses than crypto, the goldie becomes ever more agitated. It has been a long time since he has seen a mate; and he is getting desperate and hungry.

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They are gonna mine that shit in orbit and then send it back down here for further refinement.

They're faggots. Not gold owners, but gold supremacists. Crypto and gold could be working together to defeat the jew, but kikes like peter shill are too jewish to take action against the jews. Gold is good. Gold and crypto is even better.

>sell the gold right before the first asteroid mining mission starts

easy

>They are gonna mine that shit in orbit and then send it back down here for further refinement.
how much gold is in any given asteroid? do you have any examples of a big chunk of gold found inside an asteroid?

Bitcoin is the better Gold.

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gonna be priced in before you hear about it, goldbug.

Lmao, enjoy those heavy bags Boomer.

Shut up with your faggot fantasies.

You people are all fucking stupid. You don't even understand gold is savings. It's literallly the most basic concept for fucking thousands of years.

And your Jew infected brains reject it.... yet come here and shit post about Jews not even realizing that because gold doesn't bakcnhe currency anymore you can't "make it" and have to specualtenin cryptos just to have a chance.

60 years ago you could drive a fucking bus and make it... because gold backed the dollar.

10% returns in the stock market 50 years ago that you guys laugh at now we're probably equivalent to 100% returns in crypto because prices were fuckingg cheap as fuck back then.

do you type this up manually? because if not you should definitely automate it. You could literally write a python bot to reply with this autism

Hundreds of thousands of tons of that shit are flying around.

>a relatively small metallic asteroid with a diameter of 1.6 km (1 mi) contains more than US$20 trillion worth of industrial and precious metals

Gold has a low correlation to stocks and bonds

If we get another "lost decade" like the 1970s or 2000s, 10% in gold (and annually rebalanced) would save the portfolio

why not make crypto backed by gold?

No I agree with this... I'm not anti crypto... but gold needs to back crypto. And the people who are anti gold are retarded.

Half the reason people are fleeing to crypto is because the dollar is dying... because it isn't backed by gold....(whether they realize it or not)

Some of these idiots think there is an issue with gold. There's no issue with gold. The only issue is that gold isn't backing the dollar

LOL wtf?
who put the gold there?
God??
think again...

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Exactly

humans were created as a slave race to the annunaki to mine monoatomic gold for them. true story

>Deluded goldie.
>Newsflash: gold is nothing but a shiny rock. Good look trading it for goods with an actual use if SHTF. In a socio-economic collapse where "paper dies" and we likely don't even have electricity, the only "real money" is bullets, weapons, fuel, fresh water, canned food, soap, whiskey, and medical supplies.

Most people who own gold, do not do it because they fear a Mad Max scenario. It is insurance.

Only a retard wouldn't expect the bulk of their gains to come from income-generating stocks.

How is fiat not just as durable as bitcoin? They're both just 1's and 0's at this point.

>en.wikipedia.org/wiki/Peter_Schiff
>Schiff was born to a middle-class Jewish family in New Haven, Connecticut.
Every single time.

I would rather use gold, or something backed by gold, or even bitcoin, but I can't. I need to measure gold in something that I can use. Saying that gold is money and has been money for thousands of years is meaningless to me if I can't convert it into something that I can buy bread with.

Crypto IS gold.
At least BTC and BCH are.

If the server at my breakfast restaurant hires out ads on tv and radio and constantly tells me and all my friends that all food except waffles™ gives you cancer, that her waffles™, will protect you when everyone else gets sick and dies, and btw did you know 200 years ago people only ate waffles™! To the point where my boomer parents spend their money buying useless frozen waffles from her to keep in their freezer for when the apocalypse comes...

Then yes I'd call her a bitch. All whilst buying and hoarding pancakes which are newer, better, and more popular right now anyway.

You still don't get it.

When you buy 1k worth of apple stock and then go to the coin shop and buy 1k worth of silver...

You are doing each of those things for completely different reasons.

I'm buying the stock so I can get returns.

And I'm buying the silver because the currency is a fraud and I want to have money and wealth for when paper dies.

In Venezuela right now where their currency has collapsed. 1 SINGLE ounce of silver buys you 4 months worth of food on the black market.

That silver ounce costs you 17$ at a coin shop today in America. $17 dollars barely buys you lunch at jimmy johns... yet when paper fails the equivalent of that 17$ in silver buys you months worth of food.

And that is how bad the Jews are actually fucking you.

Remember for most of human history and even today in many underdeveloped areas a days wage equaled a silver piece the size of a silver dime...

Your avg American makes $150 a day... which equals like 8 entire ounces of silver.

Many of them in worthless jobs like insurance providing no real value for society. It's truly all completely backwards

>Easily Transactable
Only if you mean BCH, not BTC.

Morons like you should literally be put down. Crypto is gold. Jesus Christ... the absolute stupidity.

Starving niggers in Africa with no formal education understand gold is money. You idiots are literally dumber than them

>annunaki
praised be

>In Venezuela right now where their currency has collapsed. 1 SINGLE ounce of silver buys you 4 months worth of food on the black market.
because it held its value against their currency, not because it's magic, you stupid fuck
this applies to literally any commodity, LITERALLY

Read it in his voice and kekd

What a smug asshole. Money doesn't just bring out the worst in people, it brings out the worst people.

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I LIKE SHINY ROCK

Venezuela got help from Russia to make a cryptocurrency which is the Petro. USA banned citizens from buying it. They used crypto as "support" for their fiat that collapsed. Would like to think the US and other countries are setting the markets up so crypto is a fall back plan when the rest of the fiat currencies die.

It's not about converting it to bread...

Gold IS the measuring of value. You have it backwards. That's why gold has been money for thousands of years because the primary function of money is to MEASURE VALUE for goods exchanged for it.

You know what a gold standard is? It
Means that all prices... peanut butter or lamborginis or TV's are all gold prices.

You can literally go in the Bible and find a passage saying that an ounce of gold bought you 350 loaves of bread 2,500 years ago.

Today if you go sell your gold ounce at a coin shop you'll get about $1,300 for it.... and if you take that $1,300 to a grocery store you can still buy roughly 350 loves of bread just like you could 2,500 years ago.

Loaf of bread is like 3.50-4.00 multipled by 350 loves equals about $1,300 dollars

>Gold
>One of the densest metals on earth
>MODERATE PORTABILITY

That's right goy, bitcoin is over.

Yeah it held its value!!!!!!!! You got it dumbass. Silver held its value because its real fucking money. And the Jews are inflated the prices of everything with their fiat money.

A days wage historically equals a silver dime or Roman denarius. 14 silver dimes equals 1 ounce. So that 1 ounce is equal to 14 days work historically.

If you worked for two weeks straight and put your entire 2 weeks paycheck into just food that would be about 3 months worth just like that 1 ounce buys you 3 months of food now that paper collapses.

So if you go to a coin shop and buy like 8k worth of silver and the dollar collapse you'll literally have like 25 years worth of days wages

Because you have to remember... today.... there are billions more people on the planet and much less silver available. So that silver dime that used to be worn a days wage will now be like 3-5 days wages.

Now do you see why you buy gold and silver?

You'll be able to buy a fucking small town with maybe a mere 1,500 ounces of silver.

Ever hear the Weimar Republic hotel bellcap story? Kid had 25 ounces of gold saved up and after hyperinflation and then deflation following it.... he bought a fuckingg city block for 25 ounces of gold

>this applies to literally any commodity, LITERALLY

lol the boomer rage

Actually in goldies defense, yes it applies to literally any commodity, but out of the options for what commodities to hold as a hedge, silver has advantages over say a barrel of oil, or a bag of grains, because it takes up very little space, is easy to find places to buy and sell etc.

Like if you were to be in venezuela and know what was gonna happen, what commodity would you want, excluding foreign currency and crypto?

Silver and gold aren't commodities you moron they are both real money.

You can't fucking go buy shit with basedbeans.

The word for money in many foreign languages is literally the fucking word "silver."

Again silver and gold are real money. They aren't commodities

zimbabeweans bought BTC at 20k because it's "more stable" than their currency
LOL

Peter's gonna get rekt in the next 5 years. I think he sees it coming and is nervous as fuck.

Yes, keep saving your dollars good goy. You say the reason Bitcoin will appreciate in value is because it is a limited resource. What do you think is happening to the dollar which is being printed as they see fit?

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If you were going to take a time machine 100 years into the future and you had to put 100% of your wealth into 1 thing.....

Gold, dollars, bitcoin, or basedbeans.... which would you bring with you into the future?

Fiat can be made useless by centralized organisations, bitcoin was supposed to be different, practically its not

This guy knows his shit. Shut the fuck up and listen faggots. However crypto will be a part of the future that they want to create. They make us work like animals in exchange for toilet paper that barely buys us food and barely puts us in a shitty rented appartement. In return of our time and health they get technology, massive infrastructures, gold, silver, power, food, water and everything else. We should fucking execute all freemasons.

>You still don't get it.
>When you buy 1k worth of apple stock and then go to the coin shop and buy 1k worth of silver...
>You are doing each of those things for completely different reasons.
>I'm buying the stock so I can get returns.
>And I'm buying the silver because the currency is a fraud and I want to have money and wealth for when paper dies.

You were too busy grandstanding

"Insurance" = a decade of high inflation (currency fraud as you put it)

We don't disagree

Exactly, thank you.

That's the ultimate irony of this board. They don't even understand why they shitpost against Jews. They don't even understand that the Jews have fucked up EVERYTHING economically for 1 simple reason. Because they detached the dollar from gold.

All those Connie Bernie sanders supporters upset about income inequality.... have no idea that income inequality is an actual thing because gold doesn't back the dollar anymore.

That's literally the one thing that has fucked fucked up everything.

These idiots come here and yell about Jews and don't even know why, while claiming to have high IQ's LOL

>Silver and gold aren't commodities you moron they are both real money.

Perhaps they are money, perhaps they are commodities.

There is a case to own 0% of either. There's also a reasonable case to own gold.

I favour a simple 5% or 10% (or higher) allocation, and rebalance as necessary. Trying to time the gold market or buy into emotional stories is foolish.

Some people claim gold miners can act as a leveraged play on gold. The theory is great, but a study of gold stocks from the mid 2000s to 2011 doesn't bear that out. I'd rather just own gold via a cheap ETF.

>They don't even understand that the Jews have fucked up EVERYTHING economically for 1 simple reason. Because they detached the dollar from gold.

Every civilisation has debased its own money - it's too tempting.

Blaming the Jews is also too easy.

5-10% allocation in a sane world like 25 years ago.

20 trillion in debt today...definitely more than 5-10%

High net individuals should easily have 50% of their net worth in gold and silver.

That's what a lot of people do not understand. You literally can't lose owning gold and silver. It's real money and stored economic energy

Gold is valuable in of itself, it's still used in processors, electronics, and other items that require it's conductivity.

But large purchases of gold as a safety net is not a good sign of the state of the economy

I don't understand why anyone wouldn't just keep their savings in gold as opposed to dollars

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True.... but nobody understands that.

Min wage debate is a great example.... the left wants to raise min wage... which is stupid.

The right says get better educated and get a better job and that min wage wasn't meant to be a living wage. Now that's good advice but it doesn't get at the heart of the problem which is prices are going up.

And nobody on either side of the aisle understands prices are going up because their wealth is being stolen through inflation.

What's your point?

Gold is still more stable in a the long term than crypto

For sure

Digixgoldtoken?