OH NO NO NO ROCK BOOMERS BTFO
MOST GOLD IS FAKE
zerohedge.com
>guess what can't be faked?
crypto :^)
OH NO NO NO ROCK BOOMERS BTFO
Levi Allen
Tyler Thompson
Priced in. There is tons of miners in Alaska mining 10000 ounces a day
Luke Adams
The take home from that article is that chinks are scammy, which is hardly news. All the bars in the story are in China, but as always caveat emptor
Leo Thompson
>a relatively small number of gold bars are worthless scams
vs
>literally ALL crypto coins/tokens are worthless scams
yeah man boomers really "btfo" this time, huh
Thomas Reyes
>china counterfeiting things
Literally known for decades now.
Jose Morales
Year of our lord 2020
>buying gold from China
>buying literally anything from China
>allowing Chinese nationals anywhere near your shores
>even talking about China as a supplier
Is like you like cancer or some shit, I think the world has learn that if you want your economy to be rektd every 5 years you should make China you'r sole and only producer and I mean is not like they're goin to stop producing pandemics every 5 years or so
Hudson Stewart
Told my mom this, she asks what gold is worth at the moment and I said about 55k a kg. She asked what copper is worth, I said not 55k a kg.
Bentley Martinez
Ok, so if you don't have fake chinese gold, your gold is now worth more, retard.
Jeremiah Wright
They have $28 "ounces" on the chink site dhgate
Liam Allen
What's your next stupid talking point?
Asteroid mining?
Parker Campbell
this. anyone dumb enough to trust anything chinese deserves to lose their money
Samuel Martinez
>Priced in. There is tons of miners in Alaska mining 10000 ounces a day
what? todd hoffman couldnt get 1000 oz in a whole season
Mason Green
the beautiful ringing of my gold eagle says otherwise
Jaxon Baker
>lots of fake gold
>less gold
>my real gold worth more
Adrian Price
Duh. This is why I'm all in Kleros.
Ethan Martin
People say bitcoin is illiquid but physical gold = illiquid shitcoin. With bitcoin you're interacting with a global market of buyers and sellers.
With gold you're limited to your local market with bad spreads. Buying/selling online might help a bit with spreads but then fees kill it.
That being said holding it for generational wealth as less than 5% of what you own is fine, or trading paper gold.
Austin Fisher
This guy gets it.
Jackson Nelson
This is incredibly fucking bullish for Goldminers.
Kayden Moore
>assuming Zig Forums PMGbros are dumb enough to buy large brick bars of gold from chinks that are probably fake
nope
Ian Diaz
>MOST GOLD IS FAKE
>83 tons of gold made and traded almost exclusively in China among large corporations as loan collateral
Okay user.
Parker Bell
Unironically bullish that means there is less gold in the world than we think. Supply is low price go up.
Jayden Flores
a male orgasm?
Jackson James
All this right here. OP's article is like complaining that touching a hot stove hurts, it's common sense
Lincoln Gray
You know what else can't be faked? Gold that wasn't made in china
Based. 99% of crypto will go nowhere, but you'll still hold it for 10 years with hopes and dreams.
Ian Jones
Not true, ask Kramer.
Hudson Reed
and how are bitcoins any better kiddo? you can counterfeit bitcoins too
Zachary Sanchez
oh wow I've seen this fud like in March already lmao. Didn't know shills were recycling fuds.
Julian Hill
imagine browsing Zig Forums and thinking bitcoin is a scam
Gabriel Jenkins
can you proof that it's not retards?
Isaac Jones
>assuming Zig Forums PMGbros are dumb enough to buy large brick bars of gold from chinks that are probably fake
how new are you?
we had a thread just a couple months ago with one of you morons discovering the bars he bought and then resold were Chinese fakes
hell, we used to have threads where you idiots were purposefully buying fakes on Alibaba and reselling them. Most of those faggots are probably in prison now though.
Alexander Miller
It's incredibly bullish for gold you abysmal cretin. Those fake bars have been collateralized up to ten times. So it's not 'only' 83 tons vanishing from the markets, but almost 830 tons from the books.
Meaning you now have 800 less tons in circulation.
And let me tell you a lil secret : this scandal is a baby nano scandal compared to what's really going on. It's estimated by intelligence services that up to 60% of the gold bars held by central banks around the world are tungsten filled. It's tens of thousands tonnes of fake gold. Now you multiply this by the 1:88 ratio of real gold to paper GLD ETFs traded on the comex to keep the prices suppressed, and you start to get an idea over the true magnitude of this whole shitshow.
Remove the tungsten, the collaterals and the ETFs and you end up with real gold's price around $100,000/oz.
Gabriel Smith
The difference is gold is real while your shitcoin is not. It's pure nothingness, just a fucking ponzi scam for greedy retards.