Why does pic related make investors and governments seethe? If it is worthless, why are so many central banks buying so much of it? Give me your take, /biz/.

>>60752354 (OP)
It's a real asset, not some digital bleep bloop that can be copy/pasted.

>>60752354 (OP)
>1oz of Gold can stretch 50 miles.
>1oz of Silver can stretch 5000 feet.
How many feet are there between you and the fridge? Is there steak in there?
How many miles between home and your job? Have you even been turned down when spending a $100 bill?

>>60752354 (OP)
gold make people seethe only in the minds of shiny rock collectors, they despise central banks and disregard anything they say or do, except when they buy gold, gold isn't worthless because there is demand for it, but it already stopped being a medium of exchange, it is trending down as far as monetary use is concerned, so the store of value aspect will also go away over time, money is technology and gold is no longer able to fit the role, past success isn't indicative of future success, because adaptation is a requirement, which gold is inherently incapable of doing, since it's just a material.

>>60752396
Jokes on you I'm already a millionaire in Argentina.

>>60752396
>money is technology and gold is no longer able to fit the role
There's gold and silver in every modern electronic device.

>>60752411
there's also sand, that doesn't make it very valuable, removing the monetary use from PMs will result in a spectacular trend down, which will be a good thing for humanity, who will enjoy more easily affordable materials

>>60752373
>copy/pasted
kek you sound like you came straight from 2015

>>60752447
>>60752448
Seethe harder crypto dorks

>>60752396
>cash
rots
>bitcoins
bitrots unless stored on gold
>silver
tarnishes
>gold
stays the same forever

gold (and bitcoin keys engraved on gold) are the only things that you can own that never rot

>>60752354 (OP)
it's not worthless. but really its biggest merit is that it just keeps up with inflation. 1 ounce of gold will buy you basically the same amount of "stuff" now as it will in 50 years. it makes sense that governments experiencing severe inflation and deficit spending right now would buy something like this with their fiat dollars.

outside of that though the coin community is made up of insufferable racists and tax avoiders AKA jews and honkeys. if you want to do better than just keeping up with inflation you should buy shares of businesses you think will produce more value than the shiny wonder-rock that conducts electricity well, doesn't corrode, and makes jewelry

PM chads shall inherit the earth

>>60752483
>but really its biggest merit is that it just keeps up with inflation.
gold has already increased in value more than inflation, sooo point disproven sweetie

>>60752658
for now, sweaty. wait until it reverts to the mean. or rather, sell before then.

>>60752658
Gold is the store of value wjich means it definitionally cannot lose to inflation. Price changes against it IS inflation. Gold is the deflator.

>>60752480
how about space grade ceramic, tantalum, silicon carbide, graphene, iron, and more?

>>60752749
your question will be answered in high school, try to avoid scrolling tiktok when you hear the teacher say "noble metals"

>>60752354 (OP)
It's a good fairly safe store of value, probably the best there is, but it's generally speaking a bad investment.
It's not a way to gain more wealth, it's a way to preserve the wealth you already have.

>>60752765
>It's not a way to gain more wealth, it's a way to preserve the wealth you already have.
It's both actually

>>60752447
The difference is that sand isn't rare and gold and silver are. Don't act so stupid please.

>>60752698
It will never revert

>>60752354 (OP)
govt realized they couldn't print $35,000,000,000,000 in debt with a gold standard.
you can thank Alan Greenspan for that.

>>60752698
>sell
>physical assets for fiat debt receipts
That's retarded.

>>60752354 (OP)
1. people REALLY like yellow shiny things. maybe because it reminds us of the sun. many people with near death experiences report being engulfed by a bright light and several artistic depictions of heaven or the divine use the gold color. the instinctive bias for the appearance of gold triumphs over anything else
2. gold is hard to mine and limited so possessing it signals status. it is also perfect for jewelry since it doesn't decay and for the previous reason

these are the 2 main reasons that give it value. anything else you can come up with: coinage, electronics, store of value, is negligible. gold was relevant and valuable way before the first gold coin was minted, way before the tech industry started using gold. and it continued remaining relevant long after the gold standard was dropped.

governments seethe at it for the same reason the 500 euro bill was abandoned: massive density of value that can be transported without government involvement. it is also universally recognized as valuable without needing a government seal of approval or recognition as legal tender.
there's also some pseudo-economics that attribute recessions and depressions to the gold standard, this propaganda was used to justify executive order 6102 and some midwits may genuinely believe in it

>>60752354 (OP)
>governments seethe
how are govs seething? central banks are the biggest holders of gold

>>60754225
uh oh you cracked the code that Dr. Inherent PhD couldn't

>>60752763
hey wanna buy some argon

>>60755557
yes but if people start buying gold en masse, then they can't make money off of all their financial products anymore

>>60755046
Goldfren,
Saw someone mention that it is very beneficial to buy gold coins from govvy mints with low legal tender denominations because if you then transport them internationally you'd only be taxed on the currency the coins are denominated in and not the value of the gold

>>60752394
>Have you even been turned down when spending a $100 bill?
Yes. Even the US Embassy won't take 100$ bills older than 2009.

>Have you even been turned down when spending a $100 bill?
Yes was at a national park in virginia and told that I could not pay cash. Credit Card only.

>Have you even been turned down when spending a $100 bill?
Yes, i've been told my 100$ had a mark on it (from a testing pen) and the bank would not buy it (Not in the USA).