Why are you still buying Gold?
Why are you still buying Gold?
Did you watch CNBC yesterday?
They were shitting all over gold and praising BTC during fast money after the market closed
No one is buying gold when asteroid mining is just around the corner and will make the price go down HARD.
Gold
No, I buy silver.
Gold has 5000 years of history as money backing it, Bitcoin is some code written in 2009, you actually believe it will last? kek, one overnight advancement in AI or computer tech and Bitcoin goes to zero.
No one is buying gold when asteroid mining is just around the corner and will make the price go down HARD.
they got bamboozled by the Anon Babble install gentoo meme
i'm sorry for your loss.
#thoughts and prayers
5000 years of history as money backing it
backing it
no, retard
you don't understand why gold is money
the idea of money is lost on a bagholder like you, it's probably impossible to teach you
bro we're going to spend billions to mine this thing that will crash hard
you don't understand asteroid mining
you don't even understand mining
quantum computing will destroy mining and security for BTC wallets.
quantum computing will destroy mining and security for BTC wallets.
you're worried about crypto wallet more than your bank account?
with quantum computing everything will be at risk
quantum computing will result in technological singularity, post-scarcity, and ultimately extinction of the human race.
cracking bitcoins is just the warning shot
five minutes after that happens, gold and everything else becomes worthless
Just wait till gold is tokenized on Chainlink, BTC will competition for the first time ever, just like the altcoins.
Nah boy. Elon will colonize the moon and your shiny rocks will be worth nothing.
blerreegghhhtttlllllpppppp nhahwgagagahhahhhhh :DDDDDD
one more pump after the credit downrating
I've got loads of long term edge that's giving take profit signals and I've actually recently sold 25% of my gold and rotated it into silver, bitcoin, stables and SPY. With that said I predict the US revaluing their gold to book value and probably committing to regular purchases, could even see a US gold window again, this will shore up USD and debt, it would also open the door to really long dated (50y, 100y) gold backed bonds if bond issuance becomes an issue.
Even if it could do useful work, which the video even admits it can't, the speedup is only quadratic. Ultimate fucking nothingburger lol.
youtube.com
I feel bad for goldfags. They were so close, they almost understood money, but not quite. They hitched their horse to an outdated, inefficient, deprecated form of hard money which would have been useful a century ago, but now it has no use case. It's like hoarding shells just when people start replacing it with precious metals as currency.
There are people who hold fiat or god forbid silver so goldfags don't have it too bad. Gold and the S&P500 stayed about even with the M2 the last 100 years. Yeah no citadel for them but its not own nothing and be happy tier either.
asteroid mining
you're mentally handicapped if you actually believe in this shit
is that why central banks keep buying gold. they defnitely don't undeerstand money.
the best case scenario for them is that they will just keep their purchasing power.
I would argue though that there's a significant risk of it bleeding value over to BTC. if it loses to a harder money the only value it can have is in manufacturing, which is not even 5% of its current valuation
they are the ones responsible for the fiat currencies people buy gold to run away from, and the ones believing fiat money is sound money, so that's a strange assertion
It will bleed against BTC, forever. But obviously fait will bleed even faster.
the people in charge of money don't want their money but instead use their made up money to buy a hard asset. very strange that it's a strange assertion. clearly, this indicates that the hard asset has zero value to those in control of actual circulating currency.
Because few of you understand it, the economy or the future. Just keep buying your BTC, TQQQ & V00. No gold bulls are going to convince you to buy gold, predominantly because they don't need you, retail being the stuff of ants moved by the whims of leviathans. Nor do they care if you keep buying what may be considered bubbles. Some of you talk about things like asteroid mining and expect us to take anything else you say as meaningful. Worry about yourself and maintaining your permanbull thesis.
buying gold in current year
Only explanation is mental retardation
horses have 5000 years of history back them, steam engines are made with some machines slapped together in 1700s, you actually believe it will last?
ITT:
people who don't understand how bitcoin and computing works arguing with people who don't understand how gold acquisition works
Boomers who don't understand technology are going to get fleeced hard when crypto gains mainstream adoption (currently happening), they finally capitulate, and then it suddenly evaporates into nothing.
see grandpa the decentralized immutable ledger shows right here that you are poor
thanks for the liquidity tho, I bought a house
steam engines
you actually believe it will last?
They didn't...
ashkully even nuclear power still uses steam
It's true, someone will spend trillions of dollars to mine and asteroid then bring the gold back to earth and make it worthless.
Why wouldnt so eone do that?
At some point most of the available gold will be used up in all electronics, right? There's only so much indians can harvest from scrap to reincorporate into the market. If it's not valuable now it will be when it becomes a proper material necesity.
kek
the only value it can have is in manufacturing, which is not even 5% of its current valuation
for gold*
Main valuation metric for silver already is manufacturing, and has been for quite a while really.
There's only so much indians can harvest from scrap to reincorporate into the market.
kek i wouldn't worry for that, anon. Gold get mined out of the ground at a far higher pace than what we use in electronics. Thankfully for everybody, gold & silver have the higher malleability and can't keep their structure with only 2 atoms thick layers, which is perfect for plating, which is what computers needs. That's why the scrappers only are looking for old CPU & RAM too, the modern ones have gold layers too thin to bother scrapping them down.
To put it back in context, we now mine as much gold in 1 year than we used to between 500-1500 AD. And our collective gold reserve is so large, that still only represent a 2% supply inflation yearly.
can keep their structure*
quantum computing will result in technological singularity, post-scarcity, and ultimately extinction of the human race.
Oh please, God, make this happen.