lets take a short moment to remebmer and honour those who have fallen along the way and sold early. protip for everyone here, NEVER listen to peter schiff.
Goldanon
Zachary James
Noah Robinson
$1000usd/ounce 2024
Luis Hall
Nah it'll still be 1700 per ounce and gold bugs will be "SEE! STORE OF VALUE" but what they fail to realize is that USD lost half the purchasing power and so did Gold
Jayden Ross
how do you define purchasing power?
Nicholas White
In SATs
Christopher Lopez
ngmi
Joshua Morales
these cunt boomers are why i never looked into btc in 2017. i hope they all die. greedy faggots
Samuel Roberts
Imagine looking at the chart of gold and thinking it is a good investment.
In 1980 it peaked at $800 and then went sideways for 30 fucking years
THIRTY YEARS. Imagine buying gold when you are 20 and only breaking even nominally when you are 50 fucking years old. Then consider the gains that could have made in real estate or the stock market.
Calling bitcoin digital gold is a insult to bitcoin, because gold is fucking trash as a investment and as a store of value.
Gabriel Edwards
>THIRTY YEARS.
kek imagine having to wait 30 years. your life is basically over.
Zachary Russell
If you bought a index of the DOW in 1980 you would have had a 15x in the time it took gold to reach it's ATH.
Gold shills suck people in with some valid Austrian economic theory. However instead of telling people to invest in assets that have a proven history of beating CPI inflation they tell people to buy fucking gold so they drive up the price and increase the profits of gold mining companies. That's all you are doing when you buy a gold bar, you are increasing the profits of gold miners.
Camden Price
You gotta admit, Boomer advise is pretty funny. But it's unfortunate that we all learned way too late that Boomers are dumb as bricks and only got rich because they were a lucky generation. Man if only I learned that Boomers are full of shit when I was 20 I would have loaded up on so much Bitcoin
Carter Evans
>THIRTY YEARS.
yep that's the danger of believing schiff
gold is money. it is the only thing that is not an investment. no risk no return.
Luis Hall
That's why it's fucking evil that people are shilling gold as a good investment when it's track record has been dog shit.
Even the most retarded normies that fomo'd into the bitcoin top in 2017 broke even this year if they just hodl.
Gold isn't money, money is a store of value, however gold has been bleeding value for 100 years. It's a step above hiding paper money under your bed. At least with paper money you can spend it without paying a retarded premuim.
Don't even get me started with buying physical gold, the amount over the spot price is a scam. and you are lucky if you can even liquidate it at the spot price.
With bitcoin you can buy it and sell it anytime you want for a minimal fee. Could you imagine buying a lump of gold, being 10% down the moment you buy it because of the premium then it bleeding and crabbing for thirty fucking years?
Even today gold is still below it's real all time high if you take into account currency expansion.
THIRTY YEARS.
Imagine holding bitcoin for thirty years and it just CRABBING people would call it dog shit, but because gold is muh shiny yellow rock people forgive it for some reason.
Angel Collins
>gold has been bleeding value for 100 years.
define value
Jason Adams
Austin Powell
Cameron Reyes
Gold in relation to real estate has lost 2/3's of it's purchasing power since 1920.
Not to mention real estate has a yield whilst gold has zero yield. Every 35 years the gold supply doubles so if you bought gold in 1920 today your total share of the gold supply is only 20% of what it was in 1920.
Landon Foster
Compare that to wages in gold over the same time period. That started off as almost a year's pay for a man and worked down to almost 2 weeks pay.
That's an enormous drop in value just over that time period.
Eli Foster
false price is a function of demand and supply not only supply. If the economy grows demand for money increases.
gold's price changes the least of all things over time, making it money
John Roberts
not to mention they found the potentially biggest gold reserve on earth recently in siberia.
theres always more gold coming in every day.
Leo Morris
people that don't own any gold or silver will get assblasted in the near future. Enjoy being a slave to the system.
Jose Wright
Mason Ross
Sauce?
Benjamin Parker
>price is a function of demand and supply not only supply. If the economy grows demand for money increases.
gold's price changes the least of all things over time, making it money
the supply of gold needs to increase exponentially for it to maintain its value as the economy grows exponentially.
Asteroid mining is no different to gold rushes in america and australia after we had the economy was large enough to make it profitable to get at
Josiah Sanders
go and look at old newspapers to find real prices
Andrew Moore
The value of human labour itself has decreased due to automation, it is natural for wages to stagnate. This is why we are headed for a society with either vaccines that make the global useless class unable to have children or we give the useless masses UBI. Probably a bit of both.
Joshua Wood
post body you weakling
Nolan Sullivan
>over the same time period
fail
Josiah Lopez
still haven't defined value
Austin Ramirez
you have posted no data
Gavin Turner
I have, that's how I know I'm telling you the truth.
the average wage in the US in 1880 was $1 per day. In 1750 it was less than a dime. Since gold was fixed to silver you can easily calculate how much gold a US worker made then. An ounce every 6 months in the 1700's, and ounce every month in the 1800's. An ounce every couple weeks now.
Carter Campbell
You basically just outlined why bitcoin is a better store of value since gold's supply is going to explode as mining becomes easier and easier due to technological progress.
I bet you can't even 1/2/3/4 faggot.
Luis Long
Kevin Lewis
crypto is not a store of value it is an investment.
Money is a unit of measurement of value
a meter that grows 300% per year is not a useful unit of measurement of length
Ian Torres
so you are saying gold is undervalued?
>lockdown for another 3-9 months
>central banks will print again
>hyperinflation
>riots/revolution
people will not buy homes, because there is high unemployment. people will not buy stocks, because most companies struggle/are overvalued. they will buy gold and bitcoin.
I have 50% crypto and 50% gold. gold is a "safer" asset, because it is an established form of value for over 4000 years. bitcoins history is short and there could be a black swan event (bitcoin ban, SHA-256 bug, quantumcomputer)
Ethan White
Gold holders say you should buy gold as a store of value however it's supply doubles every 35 years and that is when it's price is crabbing.
If gold did move up meaningfully then the rate it would be mined would explode.
Just look at what happened with the price of oil, it got so high that the USA inventing fracking and made the USA energy independent from the rest of the world.
Jaxon Lee
i probably could i can 1/2 but i don't deadlift or squat because i don't want to be cripple with 50 now post body you digital cunt - owning wealth on a digital basis ain't worth shit as soon there is a digital dollar implemented you will never be able to evade taxes, bribe etc. enjoy getting buttfucked for the rest of your life.
Ryder Richardson
is it wrong to assume everyone that posts anime is a pedo? why do you creeps do it
Cameron Scott
>so you are saying gold is undervalued?
that's one way of saying it's lost enormous value over time.
Jaxon Wilson
>The average US wage in 1910 was 22 cents per hour. The average US worker made between $200 and $400 per year.
between 10 and 20 oz per year
one ounce every month or two
Noah Baker
Money is a measurement of human energy. Fiat and gold bleeds energy whilst bitcoin is attracting energy into itself. Bitcoin has zero energy bleed since it has no inflation of it's fully diluted supply. whilst inferior forms of money, gold and fiat bleed energy.
You work, you expend energy in order to convert it into money so you can use that energy in the future to buy something you can't or don't want to build/ work for yourself.
gold cucks when confronted with a superior intellect resort to ad hominem.
idk the way I see it gold is risky, imagine you investing 50% of your assets in gold in 1980 and then for the next thirty years it bleed and crabbed. even now gold is below it's real inflation factored ATH. If you wanted something safe I would rather buy a index of the stock market or real estate.
Wyatt Barnes
There's a reason why China and Russia were hoarding tons of gold lately and reason why cucklands like Canada were selling all. You need at least some to survive what is coming in this decade.
Blake Clark
Based