/biz/ - Business & Finance

>>53196088
You can't artificially print more gold in order to push technological progress further than it naturally would

>>53196088
Gold is an asset with real value, fiat is paper. The fed knows this and happily prints worthless paper to buy assets with real value.

>>53196088
Ask Mannarino. They want to own it ALL.

After Bretton Woods collapsed there was simply no way forward without fiat. By the time of the oil crises we were bleeding gold and the only way for America to survive and outlast the Soviet Union was by converting our entire economy into a consumption pit, which required the ability to manipulate the currency to keep imports cheap without running into a bonds crisis.

tl;dr it was the devil's deal our government made to retain global hegemony

>>53196088
Jews.

>>53196088
Adjusted for inflation, it's worth the same amount of money. Gold only holds its value against the dollar, it doesn't become worth more over time.

>>53197469
Are you fucking retarded?

>>53196233
>Gold is an asset with real value
Gold has no value, just like paper money has no value. The agreement between humans to use currency id what gives it value.

>>53197761
Without gold you wouldn’t be typing or communicating like this at all.

>>53197740
Compare monthly wages in 1933 to now.

>>53196233
>gold has no value
Then I suppose you wouldn’t mind me snapping my fingers and removing the gold from your house and property. Get that junk out of the way for ya. I’ll take the cash and dollars too since they also have no value you absolute fucking retard.

>>53197818
Less than 10% of mined gold is used for jewlery or industry, 90% is just stored by a handful of entities that control the entire supply.
There is 100x more paper gold than real gold.
The value of gold is entirely derived from network effects and completely divorced from any real utility it provides.

>>53197782
Seethe you economically illiterate loser

>>53198048
>he doesn't know
Lol

Why not? Or are you, for some reason, getting paid in 1933 Dollars?

>>53196124
Yes you can and they do with derivatives aka “paper gold”

>>53196088
Checked

>>53196088
gold is real, dollars are not

>>53196088
Now do bitcoin

>>53198013
You just proved gold can 100x, you might actually be a glowie

>>53197809
In 1964 the minimum wage was $1.25.
If paid in quarters, the silver content of those 5 quarters today is worth roughly $23.38. Again, a <minimum> wage paid in silver quarters would be $23.38.

Simply put, the money is the problem.

>>53196088
the stack of money on the left is just all one dollar bills, absolutely fake and gay, faggot-tier homosexual propaganda

>>53198095
If you were being paid in coins minted in 1933 you'd be richer than most of your peers because the actual money has fucking silver in it

>>53198269
All the bills are $1 bills take some of that money out of Monkey Jizzcoin and invest in a pair of fucking glasses Holy shit

>>53196088
Inflation is a grift against all citizens so that the government can print money to give to poor people in exchange for votes.
That's how (and why) the government erodes the middle class. Wealthy people have enough money to get out of inflation because most of their wealth is in a variety of assets (businesses, REITs, real estate, stocks, bonds, etc.) Even middle-class people may not have that level of diversification.

The government fucks workers over with taxes, inflation, and increased national debt, all so that Democrats have people who don't know better and will continue to vote for them in exchange for "free" shit.