Anon Babble utterly btfo'd.
Anon Babble utterly btfo'd
Why you need gold or house
All I need is the knowledge that G-d's chosen people are winning!
Why is it so valuable? What can you do with gold that is so expensive?
confiscated by democrats in 1933
thanks for playing :)
the vax keeps winning folks
I dare you to ask your father
Says the guy who melted all of his towns gold to worship a golden calf
Rock shiney
wow how long did the average person have to work to get a bar like that in 1929? : )
Its funny you think thats a got ya.
How so? We’ve always advocated for gold as a store of wealth
Skipped gold, bought BTC when it was less than 200 bucks. I haven't had to work since I was 36. I'll never have to work again, and live off of the interest. You have fun with your gold, KEK!
it is, now answer.
Who actually gets physical gold when they talk about buying gold?
I doubt many on Anon Babble or even Anon Babble were buying bars from CostCo.
congratulations over a 100 year period you increased your wealth 0%
Now let's compare it to bitcoin....
stay gay broke and old peter
Those two words describe capitalism, lol.
It's valuable because it's nice to look at but mostly because people know other people value it, which is to say it's a store of value, and one of the oldest known to man. It's rare enough that nobody will find a mountain of it but not so rare that its impractical for daily use. The problem now is that there isn't enough gold in the world for it to function as a medium of exchange that comes anywhere close to the value of the goods and services on the global market. Also the global financial model is predicated on electronic transactions taking place at light speed.
It's weird, less than 10% of gold is actually used in or to create tech and in other industries, the rest is bullion, coins, and jewelry.
The average home is $1 million dollars?
Depends on the locality. LA? Probably. Bumfuck WV? No.
energy goes out
now your investment is worth zero lmao
Huh that's kinda funny because a middle class family made close to 15k yearly in 1929 and an ounce of gold was worth 20 dollars but now an ounce of gold at spot costs almost 3400 USD but 30K USD is considered a livable wage yearly.
So, essentially what you are saying is that we should be happy to cope and buy gold even though the ability to buy close to 100 Oz of gold on a yearly salary went down to 9 Oz and we should just ignore the income disparity because it doesn't exist even though it does?
missing a factor of ten. please resubmit.
who actually gets physical gold?
Close to 100%
I've never heard someone claim to have gold and then find out it was stocks or certificates.
Buying gold = buying gold
one gold equals one gold!!!
At least 2 years for one, depending on how much they were able to save. Mean income was ~$1600 and 1 kg was ~$640
If you can't hold it, you don't own it paperfag.
The problem now is that there isn't enough gold in the world for it to function as a medium of exchange
That's why it should be revalued, together with silver.
who the fuck thinks 10 slabs of metal are worth a full house with the land it's built on?
gold is the biggest scam in history
Not an argument.
sorting by creation date
i remember when i realized i was an attention whore too
Someone is paying people to post this. It's not a coincidence that this gets blasted everywhere all at once.
ask your brethren in NYC's diamond district.
Its valuable because people want it.
Have to work 10 jobs for the same payoff
Yes the fuck it is. Opinions don't change facts you retarded fag.
why would I want a slab of metal instead of something actually immediately useful for me
And what about a average American home 1929 vs average American home 2024 comparison, would be the critical point I think.
Actually, it's the opposite. /pmg/ has shills and bots going 24/7 for the last couple years promoting crypto and fudding precious metals. Whoever is doing it is violating several Anon Babble rules and they appear to be working for govt, banks or hedgefunds because they are violating SEC rules about manipulating markets. Someone really really doesn't want us to buying physical silver and gold.
in 1929 the average american was broke
durable
corrosion resistant
attractive
scarce
chemically stable
Precious metals are prized for their unique qualities and scarcity. Fiat is unbounded - it can theoretically be printed into infinity. Modern monetary systems issue government securities to justify circulating more money, but it creates inflation and a perpetual cycle of debt that cannot be repaid while unsustainable practices enlarge budgets beyond revenues. If your monetary system is a finite resource such as gold and silver, then it naturally constrains government spending due to the difficulty in acquiring more currency. Modern government hate precious metals since they restrict frivolous spending. Any commodity can serve as a token of exchange when generally accepted (bones, wood, shells, marbles, or cigarettes) and have intrinsic value from both their utility as trade mediums and properties that are prized by humans.
You’re a spic, all you need to stay mentally engaged is some sticks and mud
energy goes out
now your entire country turns into a shit pile on fire, when the lights go out the banker kikes lose and we all revert to 0 not just the cryptobros.
Gold has a lot of convenient chemical properties that make it amenable to being a value store, like not corroding or tarnishing while being relatively malleable. It's rareness works it's in it's favor here of course.
That can be true while also the fact that this exact meme has been posted hundreds of times on several major websites and by prominent actual accounts all at once. Also probably violating SEC rules.
just trade beans for coca cola then guey
It doesn’t lose its sheen
I don't know where you're getting this meme is plastered all over the place all of the sudden but whatever.
Also probably violating SEC rules.
Lying about commodities violates SEC rules. Telling the truth does not.
What the fuck are you even talking about you schizo fagget.
Did you seriously get so assravaged about gold that you think anyone who's not gambling on shitcoins is just a paid shill and not just smarter than you?
Looks good
Gold has gravitas
Fedbux have balloonitas
it's valuable because other people think it's valuable
No different from crypto or fiat, apart from the "muh shiny rock" primitiveness of it
People that buy gold dummy
July 1 2025 gold is officially money in the US again
shut the fuck up lamp shade
being a cryptokike whobets on "line always go up" doesn't make you smart. You should bow before your jewish masters, because their love of unearned income is the only reason your speculative grifts are so legally protected and immensely profitable.
The median income was $1500. And based on gold prices then that was 72.6 ounces of gold per year.
Yes that’s what the gold is for , it’s hard to store a million dollars worth of beans.
Lol, go try to buy a house with gold.
You cant even buy a cheeseburger at mcdonalds with it.
All that "value and worth" but you cant spend it.
Again it’s officially money again starting July 1st this year and yes I just bought and airplane with gold coins , poor nigger
Average Anon Babblenigger is unable to understand this principle.
Class of 2015 here, thank you Nakamoto-sama for making it possible for me to retire.
Gold holders would become overnight billionaires, and wearing gold jewelry would be painting a giant target on your back
Not just the US. The BIS regulates 63 central banks in the world and all of them are implementing the basel 3 regulations. Comex just broke the all-time record for physical gold delivered in May. Every bank on the planet is scrambling for physical.
An airplane isnt a house.
Go buy a house with blocks of gold and then get back to me.
Half a year for 1kg (based on median US income in 1929).
You’ve described depressions being equally oppressive no matter at what time they occur. Good job.
a middle class family made close to 15k yearly in 1929
LOL not even close. You're off by 10X. It was $1,500 yearly in 1929.
Not all people in the world live in tents
I need gold because I like gold
I need a house to stack all my gold in there.
Next question.
what is money
brown "person" discovers the concept of inflation
he doesn't hedge
you can only buy physical at costco
you can't buy a house with cash, so cash has no value
the absolute state
this place should have stayed dead