I buy my gold from that dude on the Fox News commercials

do your parents have a reverse mortgage from Tom Selleck too?

Come to my shop. I'll give you bank notes worth twice the face value

Times are drastially different now. We will likely enter a looong bear market for stocks, and the stocks just go up meme can finally die. I remember you posting this exact post previously. History doesn´t guarantee the future.

Yes and a room full of my pillows and pc matic floppy discs

I´m not talking physical gold in hand, with the nominal value, which is far less than the real value.

Glintpay.com is a FinTech business operating a multi-currency account and debit card that uniquely enables gold to be used as money. Founded in the UK in 2016, Glint established the first app based account in February 2018 that gave clients in Europe a low-cost way to buy, sell and save physically allocated gold and for the first time instantly spend it via the Glint Mastercard anywhere in the world Mastercard is accepted.

storing your wealth is for cucks. invest your wealth

"This time it's different." - the 4 most dangerous words in investing.

gold at all time high or fiat money at all time lows?

I’m gonna buy a gold pinky ring soon

1. The USA – The US holds 8,133.5 tons of gold.The yellow metal makes up 79% of its total monetary reserves.

2. Germany – Germany owns 3,363.6 tons of gold totaling 75.6% of its monetary reserves. In 2017, Germany completed the repatriation of 674 tons of gold, bringing it back into the country from vaults in France and the US.

3. Italy – Italy holds 2,451.8 tons of gold making up 71.3% of its total monetary reserves. The Italians have held their gold reserves steady for a number of years.

4. France – French gold reserves total 2,436.0 tons. That makes up 65.5% of its total monetary reserves. The French central bank has sold small amounts of gold over the years. There is some support for a freeze on the future sale of the country’s gold.

5. Russia – Russian reserves total 2,299.9 tons making up 23% of its total monetary reserves. The Russian central bank led the world in gold purchases for seven straight years and overtook China in the fifth spot in 2018. To pay for its gold, the Russians sold off a significant amount of US Treasuries. In April, the Central Bank of Russia announced it would halt gold purchases for the time being.

6. China – Officially, the Chinese hold 1,948.3 tons of gold representing 3.4% of its total monetary reserves. The People’s Bank of China has not reported any gold purchases over the last nine months. It’s not uncommon for China to go silent and then suddenly announce a large increase in reserves. Many analysts believe China holds far more gold than it officially reveals. As Jim Rickards pointed out on Mises Daily back in 2015, many people speculate that China keeps several thousand tons of gold “off the books” in a separate entity called the State Administration for Foreign Exchange (SAFE).

7. Switzerland – The Swiss hold 1,040 tons of gold making up 6.5% of its monetary reserves. Switzerland holds the largest gold reserves in the world per capita.

8. Japan – Japan’s gold reserves total 756.2 tons, making up 3.2% of its monetary reserves. Japanese reserves are low given that it has the third-largest economy in the world.

9. India – The Reserve Bank of India holds 657.7 tons of gold, making up 7.5% of its monetary reserves. As already mentioned, the RBI has significantly increased gold hoard over the last couple of years and recently took over the ninth spot from the Netherlands.

10. The Netherlands – The Dutch only hold 612.5 tons of gold but it makes up 71.4% of the country’s monetary reserves.

The World Gold Council says it expects central bank demand for gold to continue in the near-term.

This literally makes no sense.

I'm still praying for the day I find some sap who will use a 50 dollar 1oz coin for legal tender.

It doesn´t make much sense, but there is no doubt big things are happening to the golbal monetary system

Even the world economic forum is shilling it. While the federal reserve and BIS are working together to create a new digital dollar.

Buying Gold bars for the long run isn't a bad idea because it'll literally never go out of style or be worth something. Everything else possibly could. Remember the Great Depression? I bet brahs with gold bars were flexin on everyone

dummy gold is insanely rare all gold in wolrd wwot be enough to fill olympic swimming pool

There are several digital solutions emerging that allows you to pay with gold backed tokens, in any place that accepts mastercard/visa.
All the gold ever mined could fill 3 olympic swimming pools if I´m not wrong. It´s an estimate, some say two pools. All the platinum ever mined couldn´t even reach up to your ankles in one pool.

I think the gold collecting market will become more popular over the next years, of course since gold itself will become more popular.

What’s interesting was I was just watching something last night on the Great Depression. In the video the guy goes on to say that gold and precious metals still pretty much held their value during that time. What peeked my interest is right now, we are having a coin shortage, supposedly, while all this other crap is going on in our county. Is there a connection of some sorts? Are we heading towards something and the government is trying to recall and hoard precious metals in preparation?

The plan is to move away from cash bills and coins as everyday payment. Digital soulutions, on a blockchain maybe. Physical rare metals will of course never lose all it´s value, and the more digitalized the world becomes, the more sought after will rare physical things be. Increased digitalization of the global monetary system is bullish for gold. As there will of course always have to be something physical backing it to some degree. You can´t have digital assets backing other digital assets in a never ending loop. There has to be something physical at the bottom, anchoring it to reality.

Goverments across the world have been buying up gold lately. They havent bought this much gold in 50 years.

LOL at still believing people will be trading metal and not goods and services.

That gold means jack vs. some chickens, or ammunition, etc.

B-b-b-but gold is used to make X, Y and Z.

Yeah in normal times, in depression nobody will care because people aren't gonna be focused on making gold parts for smart phones that nobody's buying.

All it takes is a little common sense to see that.

And thats were gold jewlery comes in to fill some of the gap.Of course it would lose a lot of value in such a scenario, but it wouldnt go to 0 like fiat and crypto would.