Why is this shiny useless piece of shit so overvalued?
Why is this shiny useless piece of shit so overvalued?
They need it for their atmosphere.
because there's only about three swimming pools worth of it in the world
Shiny, good conductor, rare, does not tarnish over time.
Needed for ayys atmosphere.
It shines it's maleable it practically cleans itself
useless
Nobody tell him lol
buy a gold coin and you'll understand
it's magical metal that is pretty, heavy, and can be easily shaped
Because it is money.
It's used to purchase Bitcoin
It's actually the perfect object to use for currency. It's rare but not so rare it's unusable. It's extremely resistant to corrosion. It's soft with a low melting point so it's easy to work with.
Silver is a better conductor
Bitcoin is a better store of value
Because the US is finished as a credible nation, as a global hegemon in all arenas, especially world finance, and possibly even as a UNITED states. So it's a hedge against the current and coming chaos and reordering.
You voted for it. Happy?
Tons of applications in tech.
Obviously there's something else about gold they don't tell us.
perfect object to use for currency
Sir, your donut costs 10 dollars
Fine, take this bar of gold and cut 10 dollars of it
Why are boomers so retarded?
It's rare, long lasting, and wasn't useful for anything else. Yes.jewlery was a thing but gold jewlery was because gold was valuable. Because of this, gold's value was stable with very few dips and rises in it's value. That made it a good yardstick for accounting and trade.
That being said, gold was pretty much useless until we figured out electronics.
silver is better
bitcoin is FAR more valuable than gold has ever been, but is still dependent on an electronic infrastructure
Bitcoin is a better store of value
lmao, only when it is bid up with infinite fake tethers. Like a $100,000 candy bar at the store next door to a counterfeiting operation.
There is very little actual volume in the crypto market when you subtract the fake Tether volume. Meanwhile the gold market is the deepest, most liquid in the world.
>Fine, take this bar of gold and cut 10 dollars of it
Collapsed economies in the third world literally do this.
financialpost.com
Gold is for old weak retards.
Silver is the alpha metal.
Never long anything openly sold by the government
3 swimming pools
I know it's supposed to be olympic-sized pools, but I still have a hard time believing it.
There is so much gold that was previously found and then lost at sea or buried under ground.
If just the previously-found-and-then-lost gold magically came to the surface today I bet that amount alone would be at least 5 Olympic swimming pools.
Gold and silver had rarity even in antiquity, but there would've been much more gold available and much fewer people alive, so it didn't have the scarcity it does now. That meant they could find gold and then use it for all sorts of decorations and jewelry and shit. You think you're going to find your gold earrings that fell in the sand a little while back? Nope.
So much refined gold buried under ground or at sea
Why are boomers so retarded?
it wasn't boomers, it was just shekel counters with scales, gold is heavier, and that's what helped cement it's value in terms of currency in addition to it's rarity
btfo
Imagine being so poor you have to split a gold coin and don't just lay one on the counter and walk out.
because we all agree it is. its an ideal.
it's bullshit, like bezos or musk is the richest man in the world at any given time
lol please
overvalued
Are you hold piece of pure gold in your hands?!
Boomers have been catastrophically wrong and giving younger generations terrible advice for 40 years.
Boomers ARE the retards.
Because the universe itself doesn't produce much of it and it only occurs during a supernova, only then is the pressure enough to squeeze together atoms to form gold and it's a great electrical conductor and doesn't corrode
It's undervalued.
Bitcoin is a better store of value
Lol. Bitcoin is just nothing, bunch of digits, gold is physical object with unique properties.
boomers want you to throw all your money into 401ks and IRAs that are all based on markets now so that their stocks can continue to go up
hello zoomer, you are aware there were previous generations before boomers yes?
that gold was used as currency in ANCIENT times
if i had a time machine, i would send zoomers like you back to watch you get flayed alive
The difficulty of separating Gold and rare earths from the ground and ocean water isn't as important as the fact that the best computer chips need some of it and several other rare earths to make something the size of a postage stamp perform ten trillion calculations per second and not get hot. The price of gold is much more "Big-demand side" than "small supply side" because customers will pay any price for a magic box that can do work without the net expenditure of effort on the person pushing the button for the named outcome to happen at this location.
youtube.com
youtube.com
The most important parts of an intel chip is made of gold, because gold has very desirable properties relative to others on the periodic table of elements.
Dave Ramsey show admitted that bitcoin is here to stay and you should have a % portfolio allocation. That disingenuous boomer fuck finally admits bitcoin has a place but precious metals, as an inflationary hedge... What the fuck is wrong with their brains?
What Nigger? I'm an elder millennial whove dealt with boomer and gen x retard IQ my whole life.
I've got my PM stack. Don't lecture me about metals if you don't have more than 50% of your portfolio dedicated insurance against financial ruinous central banking.
/thread
oh shit nigger, you're even dumber then lol
gold is at ~3400
btc is at ~103k
keep stacking dat metal boiiiii, because you do know what happens to the price of gold as the market stabilizes after trump gets all his renegotiated trade deals from tariff pressure, right???
i lied, i would do it myself
bitcoin is here to stay
Until it collapse. It just pyramid with no real value or purpose. Buy bitcoins when it cost few usd was genius move, buy it now, retard move.
Its easy to prove its real gold even in SHTF scenarios where most of the country has been blown up by nuclear weapons and you need to barter for food and supplies.
meth doesnt preserve wealth Jim
What makes you think I don't have more crypto than you?
Godl is money
USD is shite
wont be for long
It's being made in a lab for about $50000 an ounce in China. They take copper and bombard it and it's impossible to tell the difference between it and real gold. Same properties. Only a matter of time before the gold industry gets shit on.
Now silver. It's in the goldlilox zone for boomer metal hoarders. Not expensive enough to lab make but still a good hedge on ibflation
NIGGA DAS GOLE
It's being made in a lab for about $50000 an ounce in China
They do it already many dozen years ago. Nothing changes since then.
In order to manufacture/reproduce these materials it in any meaningfully usable quantities it requires forces as high as a neutron star colliding with another neutron star or a neutron star colliding with a smaller black hole.
Particle accelerators require insane amounts of electricity, and only produce minuscule, barely detectable quantities.
The rarity lies in our inability to mine the asteroid belts.
You can't pick silver out of a stream and you can't make it in a lab.
The 10,000+ patents for industrial uses is the value over gold.
Gold in electronics is not a very strong argument. It's mostly jewelry and superficially assigned the title of "wealth" . But why?
If a small % of the wage earners in the US purchased silver with 10% of their extra cash, for a sustained 12 months. You'd see some extraordinary results on par with "Too Big to Rig"
Silver squeezes are too short to be affective and measurable.
There are a lots of supernova tho
Silver is actually useful for shit. It fucks with microbes, can form useful compounds, and has a higher conductivity than copper. Ironically, this makes it bad for storing value since everyone will be melting the silver down to make useful shit.
the argument for buying gold is as a hedge against inflation.
realistically it is a terrible investment sold to 'investors'. it doesn't give dividends or an income, and there is a constant supply of gold as it is mined.
especially when it was at an ath like a week ago.
looks good and doesn't tarnish over time
easy to work with, doesn't need furnances to melt
stable quantity on circulation, doesn't swing into scarcity or oversupply easily
Because there is a lot of fear around. When people believe the whole financial system is going to shit the bed they buy gold.
Didn't you hear the recent news? Chinks can create gold from copper through a nuclear reaction. This is why Governments are switching to Bitcoin
It fucks with microbes
I'm fascinated by the fact that silver was used especially for eating and serving utensils ,solid or plated, for centuries before the germ theory existed. Someone knew it made you less likely to get sick without knowing about microbes.
It's rare, long lasting (doesn't corrode), and it's difficult to counterfeit and easy to check. Natural material for coin.
Almost like ancient man wasn't as dumb as we were lead to believe
rare
en.wikipedia.org
World gold production was 3,612 tonnes in 2022.[36] As of 2020, the world's largest gold producer was China with 368.3 tonnes of gold mined in that year. The second-largest producer of gold was Russia where 331.1 tonnes was mined in the same year, followed by Australia with 327.8 tonnes.
If you want the real answer here it goes:
Gold have been the universal currency in all of the world for thousands of years. Every currency is the world was backed by gold before becoming fiat, which happened just ~50 years ago.
After fiat was detached from gold backing, every fiat currency have rapidly lost its value as governments and private entities pile up more and more debt.
In essence fiat is by design inflationary. It loses its value because it was designed too.
The world is heading towards a global currency crisis. You don’t want to hold fiat when that happens you want gold.
No gold is superior in all of these things, problem is that it’s also a lot more expensive.
Silver may see a price surge however but for other reasons than gold.
just pyramid with no real value or purpose.
Your are inherently wrong.
Pyramids are fully controlled by its emmitent, they can print more pyramid tokens at will or cancel pyramid completely.
Bitcoin and other proof of work cryptos creators have no control of them. That is fundamental and crucial difference. Putin had more control over Ukraine than rh as over Bitcoin
How does it makes you feel?
Jews
Because pussy is overvalued...do you have any idea how much gold and jewels women can absord?
Oh wow, haven't heard about that.
That's big if true.
Why is this shiny useless piece of shit so overvalued?
Basel 3
Since I'm the only poster here who knows the actual answer, here's a QRD
Basel III also reclassifies physical gold from a Tier 3 asset to a Tier 1 asset, allowing U.S. banks to count physical gold, at 100% of its market value, toward their core capital reserves as of July 1, 2025.
There is a banking collateral shortage. Tier 1 used to be just USD. However, since Biden decided to hold Russia's treasuries hostage after 2022, global banking decided to change the rules so that Gold is Tier 1 too. The other countries started this already, but the US has dragged its feet for a couple years. July 1, Basel III Endgame takes effect in the US.
That is why gold is mooning now. Banks are slurping it up as collateral.
Also, isn't it funny how Glow Inc. knew to invest a ton in Gold just before it mooned?
markets.businessinsider.com
Ancient man was just as smart as we were. They just had a lot less data to work with. Read Pliny's Naturalis Historia for a real trip into the ancient mind.
Gold is only superior in density and being useless for everything else.
big if true
true
memeflag
oh sweet summer child
Why is this useless piece of shit so overvalued?
The residents of any commie states that try to break away from the US will be butchered. Just move to Europe with the rest of the faggots.
1 kg bars don't even look like that. A bar that thick would be at least 10kg. Pic related is a gold bar.
It's the physical embodiment of whatever the opposite of volatility is. Stability, probably.
Because it doesn't tarnish, is a perfect conductor, and is malleable enough to work easily with hand tools.
It has intrinsic value; you're just stupid.
this nigger is poor
While heavy, gold is still much less voluminous than several suitcases of money-notes, plus it is not tied to any other currency, other currencies are tied to it.