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» Gold and Silver, the true king.
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post 1651957433 12-04-2021, 09:33 AM
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Gold and Silver, the true king.

L@L if you don't have any.
post 1651957523 12-04-2021, 09:35 AM
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Gold over silver.

Gold will always be true GOAT
The misc is full of a bunch of simp ****ots
post 1651957563 12-04-2021, 09:36 AM
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According to every coincel, gold and silver are for boomers.

Lol
I probably banged your mom.

Eat the whole animal like a real man.
post 1651957623 12-04-2021, 09:37 AM
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Number of hours worked by average person to obtain 1 ounce of gold in 10 A.D.

Equals

Number of hours worked by average person to obtain 1 ounce of gold in 2021 A.D.



Sounds like a great asset to hold for the long haul.....not
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post 1651957653 12-04-2021, 09:38 AM
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Originally Posted By OT2000
According to every coincel, gold and silver are for boomers.

Lol
I've been saying for years and years, everyone should own some gold and silver. True money for over 5,000 years (maybe even longer).
post 1651957673 12-04-2021, 09:39 AM
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Gold and silver are a scam. People buy it for a doomsday scenario without realizing that the same scenario would render it useless.
post 1651957693 12-04-2021, 09:39 AM
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NAME CAGR
cash 1.00%
bonds 5.90%
stocks 10.40%
real estate 3.50%
gold 3.00%
inflation -3.00%
post 1651957743 12-04-2021, 09:40 AM
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#8
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What about Platinum? Palladium?
*Simplicity is the key to life*

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post 1651957843 12-04-2021, 09:41 AM
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Originally Posted By volleys
Gold and silver are a scam. People buy it for a doomsday scenario without realizing that the same scenario would render it useless.
Not true. I could use 1 silver coin to buy some of the Misc to be my personal security.

You NEED to have a few thousand oz of silver minimum imho.
post 1651957883 12-04-2021, 09:42 AM
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Originally Posted By keyboardworkout
Number of hours worked by average person to obtain 1 ounce of gold in 10 A.D.

Equals

Number of hours worked by average person to obtain 1 ounce of gold in 2021 A.D.



Sounds like a great asset to hold for the long haul.....not
What was the price of gold in 10AD?
The misc is full of a bunch of simp ****ots
post 1651957953 12-04-2021, 09:45 AM
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#11
  1. ProteinEnough
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Originally Posted By keyboardworkout
Number of hours worked by average person to obtain 1 ounce of gold in 10 A.D.

Equals

Number of hours worked by average person to obtain 1 ounce of gold in 2021 A.D.



Sounds like a great asset to hold for the long haul.....not
Read again what you just wrote, you proved my point. Over 5,000 years guaranteed value.
post 1651957993 12-04-2021, 09:45 AM
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I own companies who make money by producing and selling that black gold
post 1651958003 12-04-2021, 09:46 AM
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Originally Posted By SuperHercules
Properties and weapons to protect them in the worst case scenario is the only guarantee
Thinking better, but they're worthless none the less. Better off investing in survival supplies/ammo/guns
Originally Posted By ProteinEnough
Not true. I could use 1 silver coin to buy some of the Misc to be my personal security.

You NEED to have a few thousand oz of silver minimum imho.
Why would a miscer in an apocalyptic scenario want to defend you for a useless shiny rock? it's not antibiotics that are going to keep you alive when you get an infected wound. it's not ammo you use to defend yourself. it's not a water desalination kit. might as well say you're hoarding jewelry to pay people off. just lmao at putting your life on the line because someone paid you 7 diamond necklaces in the wasteland.

only reason why gold/silver became a thing was because Jewish bankers in the 13th century pushed it so hard, srs.
post 1651958193 12-04-2021, 09:49 AM
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Originally Posted By ProteinEnough
Read again what you just wrote, you proved my point. Over 5,000 years guaranteed value.
Guaranteed same value.

Why not invest in an asset that will grow in value over time?

Listen to what Warren Buffet has to say about gold.
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post 1651958203 12-04-2021, 09:49 AM
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Originally Posted By volleys
Thinking better, but they're worthless none the less. Better off investing in survival supplies/ammo/guns


Why would a miscer in an apocalyptic scenario want to defend you for a useless shiny rock? it's not antibiotics that are going to keep you alive when you get an infected wound. it's not ammo you use to defend yourself. it's not a water desalination kit. might as well say you're hoarding jewelry to pay people off. just lmao at putting your life on the line because someone paid you 7 diamond necklaces in the wasteland.

only reason why gold/silver became a thing was because Jewish bankers in the 13th century pushed it so hard, srs.
It's human nature. Humans tend to follow a leader that can pay them with real money. Thousands of years it has been like this and will continue to follow this trend. Just L@L if you think being a lone wolf will get you anywhere when the ones with gold and silver can pay for security to take your possessions at will.
post 1651958303 12-04-2021, 09:52 AM
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Originally Posted By keyboardworkout
Guaranteed same value.

Why not invest in an asset that will grow in value over time?

Listen to what Warren Buffet has to say about gold.
I'm not saying go 100% into gold and silver but you NEED to have some just in case. Gold and silver has and will always retain their value.
post 1651958513 12-04-2021, 09:54 AM
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#17
  1. volleys
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Originally Posted By ProteinEnough
It's human nature. Humans tend to follow a leader that can pay them with real money. Thousands of years it has been like this and will continue to follow this trend. Just L@L if you think being a lone wolf will get you anywhere when the ones with gold and silver can pay for security to take your possessions at will.
Humans bartered for goods long before anyone agreed to use metal. With the breakdown and collapse of society fiat currencies will also die off. But by all means continue hoarding your rocks with an impressive 0% (negative roi if you take data from 2011) return rate.
post 1651958633 12-04-2021, 09:57 AM
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#18
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Originally Posted By volleys
Humans bartered for goods long before anyone agreed to use metal. With the breakdown and collapse of society fiat currencies will also die off. But by all means continue hoarding your rocks with an impressive 0% (negative roi if you take data from 2011) return rate.
Name those other methods. Are they still around?
post 1651958793 12-04-2021, 09:59 AM
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Originally Posted By GordonXXX
NAME CAGR
cash 1.00%
bonds 5.90%
stocks 10.40%
real estate 3.50%
gold 3.00%
inflation -3.00%
You forgot crypto 350%/-350% (depending on day of week)
post 1651958833 12-04-2021, 09:59 AM
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“Critics of fiat currencies always make the same stupid mistake. They repeatedly point out that there is “nothing backing the US dollar”. What they utterly fail to understand -- either out of political correctness, or deep ignorance of geopolitics -- that what backs the US Dollar is quite literally the strongest and most unchallenged military in the history of the world. If the connection between military might and the strength of one’s currency is confusing, consider that ‘control of resources’ is a widely agreed upon measure of value for any nation’s currency. Another way to think of it is this: America alone has a near infinite supply of oil. Anyone arguing against the continued dominance of either the Euro or the Dollar simply needs to look at Libya. Any questions about the strength of those “currencies” now? Fiat kids are typically those who finished first year Econ, and are aghast at the audacity of the Federal Reserve and the power to create near infinite money and credit. While admittedly shocking to the neophyte -- that ability should not shock nearly as much as the other powers of our government which include the ability to take anything, anywhere, any time, at any human cost. Politically incorrect? Absolutely. Factually correct? Absolutely.” – popo
post 1651959063 12-04-2021, 10:04 AM
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Originally Posted By ProteinEnough
L@L if you don't have any.
If they are the king then why are they tanking
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post 1651959163 12-04-2021, 10:05 AM
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shills chitcoins
crypto tanks
back to shilling gold and silver

/biz/ is leaking again.
post 1651959273 12-04-2021, 10:07 AM
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Originally Posted By ProteinEnough
Name those other methods. Are they still around?
The method is direct exchange of goods for one another, bartering, eg: I trade someone some antibiotics for a water filter/grease/radio/etc.

You can still see it in uncivilized parts of the world where there is little-no government/banking oversight like Africa/parts of the middle east. That's what the world is going to be like if chit hits the fan.
Originally Posted By GordonXXX
“Critics of fiat currencies always make the same stupid mistake. They repeatedly point out that there is “nothing backing the US dollar”. What they utterly fail to understand -- either out of political correctness, or deep ignorance of geopolitics -- that what backs the US Dollar is quite literally the strongest and most unchallenged military in the history of the world. If the connection between military might and the strength of one’s currency is confusing, consider that ‘control of resources’ is a widely agreed upon measure of value for any nation’s currency. Another way to think of it is this: America alone has a near infinite supply of oil. Anyone arguing against the continued dominance of either the Euro or the Dollar simply needs to look at Libya. Any questions about the strength of those “currencies” now? Fiat kids are typically those who finished first year Econ, and are aghast at the audacity of the Federal Reserve and the power to create near infinite money and credit. While admittedly shocking to the neophyte -- that ability should not shock nearly as much as the other powers of our government which include the ability to take anything, anywhere, any time, at any human cost. Politically incorrect? Absolutely. Factually correct? Absolutely.” – popo
Good quote.
post 1651959853 12-04-2021, 10:17 AM
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#24
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I want to invest in silver/gold but if society collapses what can you do with it? You can't eat it. You aren't going to make wires to conduct electricity. You aren't going to use it as antibacterial. Gold and silver only function as hedges against inflation. Precious metals are only valuable if fiat currency is valuable.

I think putting money into objects that can give a return is much more valuable. For example putting $3,000 into all the supplies and knowledge to raise rabbits and chickens which will give meat, eggs, and fur. The meat eggs and fur you can actually trade as they are useful. $3,000 of gold/silver just sits in a closet doing nothing.
post 1651960123 12-04-2021, 10:22 AM
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Not the worst idea in the world to have a few silver Eagles and smaller gold coins, but you have to be a legit retard to spend significant money on it when crypto and playing options on stocks gives such huge and easy profits.
post 1651960133 12-04-2021, 10:22 AM
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If society collapses you better be invested in guns and bullets not gold and silver.

Unless it’s to pay off the guy with the guns and bullets.
I probably banged your mom.

Eat the whole animal like a real man.
post 1651960393 12-04-2021, 10:25 AM
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Originally Posted By smashedurgfx10
If they are the king then why are they tanking
Do you mean crypto? Zoom out, nothing goes up all the time. But in the last decade crypto has been statistically the best investment in the history of humanity, just a few weeks ago I made 500% on one cryptocurrency, there is no other investment that can do that so easily and so often.
post 1651961513 12-04-2021, 10:52 AM
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#28
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Originally Posted By kusok
Do you mean crypto? Zoom out, nothing goes up all the time. But in the last decade crypto has been statistically the best investment in the history of humanity, just a few weeks ago I made 500% on one cryptocurrency, there is no other investment that can do that so easily and so often.
I have 10% of my net worth in crypto at the moment but I'll be the first to say I consider it gambling and not investing.
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post 1651961763 12-04-2021, 10:59 AM
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True statement.
#FreeCryptoBandit
post 1651962263 12-04-2021, 11:12 AM
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#30
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Originally Posted By volleys
Humans bartered for goods long before anyone agreed to use metal. With the breakdown and collapse of society fiat currencies will also die off. But by all means continue hoarding your rocks with an impressive 0% (negative roi if you take data from 2011) return rate.
I wonder why so much Egyptian chit is made out of gold and not copper or iron.
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