You are all being set up

me

Gold is money. Has been for 6000 years of recorded human history. Bretton Woods ended before you were born. We're a blip on the timeline bruh.

Jews

Zoom out (human history).

Gold is ancient Bitcoin. It has very little inherent worth and its value is 99% speculative, but short of total societal collapse it will always be there, so people trust it.

buy gold

have the choice of either buying paper or the physical thing

if buying paper you will eventually get jew'd, that's a fact!

if buying physical, your country is now full of niggers and other "minorities" and you will always be anxious about leaving your stash unattended even for a minute because it may get stolen

No thanks.

TOP signal

Yeah I fucking know its unintuitive, yeah its just a fucking rare nice looking inert rock
it is a BEAN COUNTER of value
is it stupid YES is it convenient for governments YES

gold got used as the first intermediary and emergent properties arose
that being that excess value could be *stored* and meant more people could store more value and adopt it
it's like how everyone uses google because its convenient and reliably
its where the US Dollar and BTC get their value

its just convenient to shuffle around gold as universal representations of wealth dawg, don't overthink it

So what's the safest thing to hold then?

If you lack physical security but are surrounded by unsophisticated attackers, then digital assets like crypto are more secure if they're reasonably protected. However, if you lack physical security and are surrounded by sophisticated attackers, nothing is safe and you've already lost.

God in your heart.

if you lack physical security and are surrounded by sophisticated attackers, nothing is safe and you've already lost.

Correct. People will just torture you for your keys if they can't find them.

if you'd just look at the picture, sir

If a central bank used it to prop themselves up wouldn't that crash the gold price as they sold to defend their currency value?

Well yeah.
Everyone is talking about a 'reserve currency' without realizing that it is a relatively new term. Central banks outside of Japan and Germany only started accumulating reserves (buying UST) on a large scale after 97 Asian financial crisis. Because it turned out that when international capital gets skittish and rushes toward the exit you need something to sell to defend your currency/banking sector/economy/bond market.
Now some countries see the cold war vol 2 coming and are trying to diversify into gold. So when the actual moment of truth comes they will try to market sell gold.

Amen

It's still gold, arguably silver despite being volatile it spits in the face of gold being a useless pretty rock. Silver does many things, beyond it's electrical and chemical properties in photovoltaics and electrical contacts, it's used in every weapon of war of consequence, a torpedo contains .5 to 15 kg of silver, a tomahawk cruise missile contains 500 os that can never be recycled, it's in AGZN batteries that the military is so fond of and in certain primers for explosives as a more environmentally conscious choice than alternatives. It cannot be replaced in these roles so fourth and sixth generational warfare is dependent on a material so undervalued that it has a production deficit every single year and PVs alone will deplete above ground stocks by 2050, a claim made by that industry. It being a monetary medal is secondary but allows holders to benefit from both being a cheap gold with derivative properties and a strategic resource that is going to be used by every militarizing state. You can bury it, you can put it inside your walls or under your floors. In a fire it will lose shape but anything recovered can be sold near melt value and recycled into specie again. BTC will never be a replacement because it's not being bought by BRICS every day in increasing amounts nor can it be used to kill people by the thousand. And poors are so disassociated with these metals few even understand their worth. You should buy firearms as well if you haven't already regardless of your investment plans, those that would steal from you aren't going to stop because you're a poorfag. Also, I heard that China was the largest producer of nitrocellulose and America has a single producer, do with that what you will.

is it convenient for governments YES

Then why would they end its convertibility to the US dollar

to dethrone it as the primary bean counter
now everyone uses the dollar as a bean counter
of which the US government can print more of at will
we basically fleeced every country who held US dollars with the assumption they were exchangable for gold

Because of Keynesian economics, you can get greater production out of a line of credit than paying in full in gold backed dollars. And it limits the ability of a government to issue currency as they need to buy or mine to back whatever they issue lest it be devalued. This was all true when a dollar of credit yielded governments profitable returns on investment. Slowly the returns approached zero and now the government spends money and gets nothing back, treating unsustainable debt as a normal thing needed to keep the economy going, until it doesn't. You cannot steal from people with a gold backed dollar, you cannot inflate away their savings in the same way is attempted with sovereign debt and this is the thing that is truly held dear in fiat. Gold and silver notes were a promise that held back growth and forced the government to be honest, otherwise everyone with such notes could give back the paper and take the metal. Dollars today don't promise shit, sure its implied as a reserve currency but if that was still the case there wouldn't be a whole world looking for an alternative. BRICS is moving towards gold in anticipation of participation in of fair trade between the non western world. Having gold be the unifying factor in settling trade imbalances their various currencies cannot cover and being unprintable which led dollar holders around the world into commodity shortages and food riots for half a decade now. It helps too this economic block generally are commodity producers that faced physical and economic obstacles between trading with their neighbors. Chinas belt and road initiative, alternatives to the swift payment system, and large scale gold purchases are all means of bypassing and defeating the American economic domination of trade. They still lack a proper blue water navy but between Russia and China they have enough to get started.

silver is superior
for no reason than mass purchasing of it can break the system easily

so we're going back to gold standard?

keep in mind most of these people telling you to buy gold dont even buy gold themselves, they buy worthless paper gold lmaoaoaoao

China is about to rugpull them.

source

I have made 80 million dollars predicted and taking advantage of boomer stupidity in the markets, and their kids are somehow even more retarded.

everyone uses google because its convenient and reliably

jeet

Central banks are buying it so they can sell it to their citizens, they aren't fucking transacting either it

Gold is nice if you physically have some because you can sell it behind the governments back and avoid taxes, but not if you're a euro and aren't allowed to have guns to shoot nigs who would steal it from you

Gold is down almost 3% today.
I thought it was only going up?

How much gold was used a currency during the Great Depression?
Times have changed grandpa.
Governments, currencies, and borders are established and enforced even more now than even from a few decades ago.

Shut this thread down NOW

It's crazy that less than 10% of gold is actually used in industries and whatever. At this point it's more worthless than mined diamonds.

What percent of bitcoin is used in industries?
Oh wait its literally nothing.

Bitcoin could potentially be used in every industry, as digital capital. As in 100% of industries, all the industries, forever.

Yes, BTC is worthless.

"they" use it to make colloidal gold for anti aging

Bitcoin could potentially be used in every industry

Lmfao

We're a blip on the timeline

then why should i care about it having been currency for 6000 years
i wont outlive stocks, bonds, or crypto either