/biz/ - Business & Finance

>>24722376

Why do you think its a scam?

>>24722376
metals are metals not money

>>24722376
So true

Okay you dumbfuck rockhead, I'm going to break this down for you

Gold has relative scarcity
Bitcoin has absolute scarcity

Gold isn't accepted as payment anywhere
Bitcoin is accepted at more places of business than gold

>>24722376
Gold has no intrinsic value. It can be used for microchips and shit but those don't have a fixed value either.

In fact the rise of crypto has hurt gold because it's another alternative to the dollar.

I know it's scary but you gotta face it, it's all a ruse. Gold is just the oldest surviving ruse.

>>24722419
you dont know how wrong you are

>inb4 closed mind

>>24722450
inb4 doesn't dismiss criticism retard, you are closed minded and don't understand Bitcoin or the implications it has as the challenger to fiat.

Math-based currency is where its at, get with the times Grandpa

>>24722419
Gold has never decreased more than 50% and that was post 70s inflation during the 80s/90s stock boom.

>>24722489
https://goldprice.org/

that's a store of value

>>24722484
stupid zoomer i have both!

>>24722412
Wrong, they have all the attributes of money

>>24722505
Well yeah it's highly stable but not the only store of value. There's also gems, land, buildings, art, and money of course. The volatility of the value varies and BTC is to volatile to be a good currency right now, but you can't say gold and silver are the only money simply because they're the most stable. Nobody can see the future and gold could very well fall out of use at some point. That's economics.

>>24722538
I could give a fuck that you hold some shiny coins and .01218986 BTC, old man
The future is now

>>24722447
What is the intrinsic value of Bitcoin? What can you "do" with a Bitcoin?
The answer is nothing, it's just a number on a screen

For the retards (such as ID: sXGx9Fm+) who need a lesson in the evolution of money

>>24722571
post poorfolio big mouth

>>24722564
Here's the thing. I'd buy btc but its too expensive right now and might be prone to manipulation and market collapse. Gold is a larger market to manipulate and is unlikely to be banned compared to crypto.

Also pic related.

You silly bitcoiners don't understand that once the 'switch' is flipped a ounce of gold will be worth a million dollars and a ounce of silver will be worth $100'000 dollars.

And bitcoin will go to zero LOL (laugh out loud)

>>24722598
I don't hold bitcoin because I'm not retarded like you. I hold an absolutely scarce resource with many uses called Chainlink, and have been in since before main net.

You may now proceed to sneed

>>24722376
Do girls really do this?

>>24722587
That's just a chart somebody made you brainlet. It's not a definitive evolution of money. Governments of the world have created their own currencies for thousands of years they've always reverted back to gold and silver after they fail.

>>24722680
i thought you hold that crap. sorry to say that but you not gonna make it.
swapped my btc to tether at top!

>>24722634
>>24722642

my fellow goldbugs, gold ALWAYS had its value and will have:

https://news.goldcore.com/title-golds-role-as-a-store-of-value-over-centuries-mark-obyrne/
https://www.thebalance.com/gold-price-history-3305646

>>24722695
It's a marketing narrative. Math/computer based monies have already existed since they started using computers at banks more than 50 years ago.

>>24722695
This
Bitcoin will fail for the same reasons gold and silver failed; deflationary currencies, or those not easily printable, are not compatible with the modern economy
PMs and crypto will live or die together

>>24722634
Yeah, a solar flare EMP is a real risk. A meteor is a real risk. Gold losing its value is a real risk as well. That's what I'm saying, you can't KNOW the future. There's definitely a possible future where gold outlasts BTC, and going by history, I'd say it's the more likely future. But there's also a possible future where gold slowly devalues, and a more remote possibility that it could quickly devalue as a result of speculation on asteroid mining.

You can't know the future. Deal with it. Accept it. That's why I'm trying to diversify my assets.

>>24722736
>that it could quickly devalue as a result of speculation on asteroid mining
It'll probably get devalued because le asteroids but anyone with a brain knows that this is one, not possible in our lives, and two, a catch-22 because a decrease in the value of gold can completely delete the revenue from an asteroid mining operation

>>24722689
You're looking at a cartoon and asking if that's something girls actually do.

>>24722758
>he doesn't plan to live to 400 years old....

Pfft, not gonna make it.

>>24722787
I mean if I can, sure, I'll do it to achieve wizard-boomer status, but in any other conceivable timeline it's just wack

>>24722736
>A meteor is a real risk
Less so and more rare than solar storms.

If you are worried about a meteor you shouldn't be buying gold but hoarding food or building a bunker.

>>24722758
Actually, can I ask if it makes sense to buy gold through an investing account? I'm trying to diversify but haven't bought BTC yet. Can I buy some golds through a Fidelity trading account in the meantime? Or do I need to do it outside a bank?

Unfortunately most of my liquid assets are in my Roth IRA, so I can't spend as much on gold outside the account as I can in it.

>>24722689
Yes

>>24722813
You could also own gold miners. When gold goes up gold stocks go up. One way to invest in gold indirectly.

>>24722856
Tahnks, I'll look into it!

>>24722680
SNEED. BASED. SNEED. BASED

>>24722813
its called papergold but sure not the real thing.
best is to get in anon otc.

>>24722822
Please tell me there's more
I tried looking this up but I'm not sure if this is the right thing. Google gave me Cream Lemon

If this is it what episode is this from and is this H

>>24722376
sauce anime op please

>>24723241
episode 4 around the 7 minute mark based on the WAIT (what anime is this) results

>>24723257
https://myanimelist.net/anime/37786/Yagate_Kimi_ni_Naru

>>24723262
based
I hope whatever you own in your portfolio does a x5 this week at the very least anon

>>24722376
Why are gold and silver money?

>>24723275
thankyou

>>24722634
Bitcoin is 100% manipulated upwards, to fool people into its welcoming arms. Gold and especially silver have been manipulated down for years. It’s coming to an end though because physical supply is running out.

>>24722419
Gold has natural genuine scarcity.
Noone can create gold. Alchemists have tried to no success.

Bitcoin has artificial scarcity.
People can create bitcoin with a machine.

>>24722642
are you trolling? honestly can't tell since there are some people that are actually this retarded.

Silver is not money, it's an industrial metal.
You can't store value in silver unless you are incredibly poor you have to fill a fucking house with silver because price per unit volume is so low.
There's some case to be made for gold as a store of value but silver is just a meme.

>>24722419

neither gold or btc is money unless you convert them to dollar first. your entire argument is pointless.

https://btcpeers.com/bitcoin-will-become-the-new-gold-jpmorgan-chase/

JP Morgan chase have literally declared BTC as the new gold, Wall Street is loading up on crypto.

>>24723897
JP Morgan has been hoarding gold and silver, while telling goyim like you to hoard bitcoin.

Goyims like you need to remember the quote by the very founder of the bank, JP Morgan himself.

>>24723777
Checked

>>24722376
Bitcoin might be a scam but it isn't credit

>>24722556
Except the most important attribute, which is to be actually used as currency

>>24724519
Why does bitcoin need to be used to buy bread and milk? It's digital gold, you use apple pay to do grocery shopping and stuff. Bitcoin can never compete with these payment systems without comprimising it's number one use case as the most secure computer network / store of value in the world.

Its not a scam but highly speculaitive, and you should threat it as such. I think when BTC becomes stable store of value is still a long time ahead. We need more people involved in BTC or its just a circlejerk that can fluctuate wildly.

Gold is money. Silver is not. /pmg/ doesn't seem to understand this. Silver was only valuable for a short period of time when a cheap, secondary metal was needed for coinage that wasn't as valuable as gold. Since the invention of gold backed paper money, silver has only gone down.