>>The year is 2023 >>The U. S. economy has implemented a state-backed crypto, and gone to negative interest-rates >>The real economy is now in a third-world state >>Authoritarianism has overwhelmed the world >>You can only leave your house for basic necessities, and you must carry a mask and a vaccine-card at all times
"Officer, officer! Look! That man over there is trying to transact in silver instead of FedCoin! GET HIM!"
The paper investors are going to mass rope when reality sinks in
Carson Diaz
>This assumes that currencies have a measurable value I mean they do. Most things do. The price is what others willing to pay or give you for it. A Euro is 1.2 dollars for example. >You are trusting the Federal Government, Treasury. and the Federal Reserve with maintaining a paper note that absolutely does not have a limited supply. Neither does gold, as more and more ounces are mined each year. Though gold naturally can not yet be mined out of space for another hundred years and has a limited supply on earth, both economical and physical in nature.
The fact remains that gold is in itself not worth anything. Just like a rock. Its people giving that rock value. And its value will only increase or even stay stable if people think holding the asset will be profitable, whether by itself or part of a risk strategy. The reason people buying EUR for USD is because they believe in that asset being safe, the same goes for gold. If people would decide that platinum is prettier and that gold offers no value to their portfolio then gold would drop. >Dollars are a currency at best, and worthless at worst. So, cicling back... The same goes for gold. Gold has no inherent value. It will not work for you. It does not feed you. It sits there and looks pretty. >Gold in itself has the value of a rock that can be used as money. I think were both coming to the same conclusion here desu Its just that you think the risk of the USD imploding is higher than I believe it is
Gold has no value in itself. Its a rock. Its people giving that thing value by moving currency assets into it to profit from the scarcity and "unprintability" of that asset. Its value will drop when people think other assets are more profitable and increase when they think gold is.
>St. Louis Fed: The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability. Remember that prices for metals don't make sense. You're trading a currency with a rapidly expanding base/supply for real money when you buy precious metals!
Oliver Hughes
Be honest with me bros is the pullback ever coming?
theyre going to absolutely flock to online bullion retailers. anything not nailed to the warehouse shelves will just accelerate out the door. LCS will close from lack of inventory. people will break in and rip up the shelves for a merc dime that might have rolled under it
Ethan Long
I want to buy 30oz but I need to pay 33% above market. Is this normal?
I love how the gold reflects on the silver. Nice picture, user.
Jaxon Morales
I didn't know you could get privately minted coins slabbed.
Carson Campbell
gold is a rock that has embedded economic value due to -scarcity -difficulty to process in labor and technology
we are not going to space for gold unless the gold is priced accordingly. it costs to go up and costs to bring it back. going to space for gold would be bullish.
USD holdings as FX reserves are the lowest they have ever been. china and russian have been dumping their treasury holdings.
Nicholas Peterson
>Gold has no value in itself. This logic can be applied to everything, even services, the point is moot.
Christian Bell
i guess NGC is willing to under a 'fantasy' category. i paid probably too much but eh, provided its real its worth it to me
Jeremiah Young
Are we ever going to see $20 silver again in our lifetimes?
Xavier Campbell
is hyperinflation coming?
William Price
Opinions on MTA? They just added kirkland properties to their portfolio.
Noah Phillips
maybe deflation seems most likely from what discussion we had this morning
Carson Brooks
To have that much of a sharp drop means that you won't see 30 ever again.
Jeremiah Lewis
You can slab your booger freshly picked from your nose if you want. They are a money making businesses and they'll slab anything for a fee
Liam Harris
>deflation What? How? Why? Every single country out there is printing, more like a Stagflation. What did you guys talked about?
Nicholas Brown
>The fact remains that gold is in itself not worth anything. Just like a rock. Its people giving that rock value >Gold has no inherent value. It will not work for you lmgtfy.com/?q=industrial applications of gold shut the fuck up faggot
Leo Wood
>we are not going to space for gold unless the gold is priced accordingly. Children born now may see the first tests for space mining when they retire. Its nothing that concerns us. Exactly. My point is that gold is not a "special asset" that is somehow not affected by this. Its not "money". Its value will in- or decrease with higher or lower risks in other asset classes.
Zachary Butler
Silver is for poofags. Gold is the only chad PM out there
Brandon Lee
>The fact remains that gold is in itself not worth anything. Just like a rock. Its people giving that rock value In the new Paradigm we'll have to implement the law to execute the retardation genetic like this one.
Camden Hernandez
Did you not buy the $24 dip? Lots of shit was sold out fair enough but C'mon bro
Nathan Cox
>Neither does gold Gold is literally limited in supply until asteroids, in which case, we're probably beyond needing things like money. >The fact remains that gold is in itself not worth anything. Just like a rock. Addressed prior. Gold has the intrinsic value of being able to be used as sound money. Very few things can be used as money. >Its just that you think the risk of the USD imploding is higher than I believe it is It doesn't need to implode. It's unsound and not worthy of trust. >Its value will drop when people think other assets are more profitable and increase when they think gold is. And these assets are few and far between right now. Gold's value should be measured against the valuation of these other assets. Gold is the unit /pmg/ uses and against gold, those assets are incredibly risky and overvalued. 13 ounces of gold to match the Dow Jones? 150 oz for a tax liabilty that lasts 20 years tops? peh.
Matthew Smith
...
Matthew Diaz
I'm waiting for the asteroid dip
Caleb Kelly
are you saying my Elvis Presley NS70 booger is just a meme?
