Why did people forget what real money is?
Why did people forget what real money is?
Jackson Rogers
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Leo Thomas
Jacob Sanchez
How many shops can you walk into and buy products with gold?
Would you ever exchange your gold for mere products?
There you have the two fundamental issues with your shiny rock.
Now for the fun one: why won't you sell your gold at spot price?
Nolan Turner
kiloanon, checking in
Jayden Brooks
fuck i have 100g but i want more
Jaxson White
Alibaba Mint best investment
Daniel Reed
>fuck i have 100g but i want more
1kg bars are really hard to buy here now in London. I will get some coins until then, both are kind of cool but bars obviously the best.
Ayden Scott
Because I can't easily buy a chocolate bar with a lump of silver or gold.
Sebastian Turner
>Because I can't easily buy a chocolate bar with a lump of silver or gold.
Are you really so poor that this is your main consideration when it comes to investments and assets?
Isaac Martinez
> "Why did people forget what real money is?"
> can't buy most day-to-day goods with it
We're not talking about investments. We're talking about money. You know, the thing that you have to exchange for goods and services?
Adam Moore
For thousands of years you could go into stores and buy products with gold. In many parts of the world (mostly outside the west but apparently Utah as well) people are willing and eager to trade their goods for gold. But if one has gold and fiat currency, and the goods or services they seek will accept both in exchange, they’ll obviously choose to spend the fiat currency instead. This is called Gresham’s law.
Gold is typically used for savings that hedge against inflation, but yes, people who stack PMs have the intention on trading their gold for “mere products”. You can’t sustainably eat or live in gold, it is simply a store of value over long periods of time.
And people won’t sell their gold at spot price right now because it’s tremendous undervalued. I can’t say for certain what fair value is, but the dollar to gold ratio is something to consider.
Juan Sanchez
>For thousands of years
Who gives a flying fuck? For thousands of years the world was controlled by non whites (Chinese, Arabs). Where are they now?
Samuel Ross
>Really hard to get
>still no increase in price
Enjoy your kikery, gold fags
Sebastian Taylor
Silver and Gold is the only way to destroy the Jewish menace.
Levi Lopez
there's no such thing as real money. never has been.
Nicholas Moore
IM NOT BUYING YOUR ROCKS RANJEESH
Jack Cruz
>thousands of years
That’s called a track record. Farming has also worked for thousands of years, and it seems to be a reliable way to acquire food. Gold has been money for thousands of years, and that’s why central banks hold it in their reserves.
>where are the Chinese and Arabs now
In China and Arabia?
Daniel Williams
Jews hold more gold and silver right now than you ever will
Julian James
come on user, you cant really be this stupid?
Hudson Rogers
yes you could do all these things until like the last 100 years or so
Kayden Powell
Rocks are not convenient as digital currency
Henry Rodriguez
even if true, returning to a gold/silver standard would still be a massive step down for them, compared to the infinite money printer they control now
Julian Cooper
digital currency is convenient, yes. that's all it has going for it. it will be used to transfer funds.
it will not be used to hold wealth indefinitely, that would be retarded
Tyler Foster
>How many shops can you walk into and buy products with gold?
goldback.com
Jackson Young
people let satan into their lives.
Joshua Watson
That's what copper is for