/pol/ unequivocally btfo.

>>508755864 (OP)
I don't understand your point. Does /pol/ think gold is fake or something now?

>>508755864 (OP)
(((Gold)))

>>508755864 (OP)
The average home is $2,300,000?

>>508755964
I think it's supposed to be debunking inflation, or a gotcha by boomers saying that "hah, you think we had it easy, you millenials whining and delusional like usual!"

>>508756131
are you dumb?

...if I could save up enough to buy 10 gold bullions why would I not just buy a house to begin with?

>>508756231
Can you read? It says 1 kg of gold. Ten of those is 1.2 million at current prices. Pardon my typo.

>bro just hold onto a million dollars worth of gold so you can buy a house in 100 years
I don't get it.

this is probably about how jews ruined everything and i agree, but how do we define average home?

>>508755864 (OP)
How hard did boomers have to work for 10 of those vs someone today?

>>508756287
This is what I don't get. I know some paranoid retards that refuse to buy stocks because "stocks aren't real, what about the apocolypse, your stocks will be worth nothing!"
Meanwhile they literally hide gold in vaults like they'll be able to eat it when the world becomes the walking dead. If you want to avoid stocks because you are afraid of stocks being fake, buy assets like real estate, tools, hoard canned goods, off the grid infrastructure, etc.

>>508755864 (OP)
Which is why the gold standard was a good thing and (((fiat currency))) is bullshit.

>>508756399
In my religion (Christianity), we are required to buy some gold, if we can.

>Buy from me true gold
Sure it's spiritual, but it's literal as well.

actual quote:
>I counsel you to buy from me gold refined by fire, so that you may be rich, and white garments so that you may clothe yourself and the shame of your nakedness may not be seen, and salve to anoint your eyes, so that you may see.

>>508756420
Not very hard, 1 ounce of Gold was $38.90 in 1970, which is $315 today.

However, Gold today costs $3350 per ounce, so you could say that Boomers had a 10 x advantage on Gold buying. It was 10 x more affordable for them.

Im not one of the millennials to bitch and moan all the time about how good boomers had it.... but yeah.... they had it REALLY good in those days.

>>508755864 (OP)
How so?

A Kilogram of gold is 35 ounces.
An ounce of gold was $20 in 1929.

10 * 35 * 20 = $7000 USD

10 * 35 * 3300 = 1.15 million USD

Mostly correct, Gold has held its value wheras the US Dollar has lost 90% of its value every decade since 1930 due to Jewish Kikel Moneyprinting.

It was illegal to own for ten years though, so there's that.

You had to be a Fugitive in the USA for ten years to store your money in that. Which means you're endorsing crime.

>>508756508
Idk about a house in an apocalypse scenario because you'd just be a constant raiding target. And you'd have no way to enforce ownership of other real estate. Gold at least would make some sense in terms of shiny rock good which would hold some value in an event like that.

I guess it's kind of a hedge between 'financial collapse' and 'full blown prepper paradise'. Because if you're expecting prepper paradise then yeah you just buy canned goods and ammo.

>>508755864 (OP)
1KG of gold would buy you a house.

10KG of gold 22 pounds would buy you a mansion.

>>508756287
That's what I thought. What are we supposed to do with this knowledge.
Like okay, I get that gold holds value, and fiat currencies' value declines, great. I can't go back in time to buy 10kg of gold.
It wasn't easy for someone to buy 10kg of gold in 1929, and it sure as fuck isn't now.

>>508755964
He has proven that gold has no investment value whatsoever and is merely an effective inflation hedge. So, duh.

>>508755864 (OP)
>what is opportunity cost
gold was worth $20.67 per troy oz in 1929
= $664.67 per kg
Investing 6.6k in the S&P 500 assuming an average annual return of about 10% in 1929 would yield today:
A=6,647.70×86,706.47≈
576,161,882
That's 576 MILLION dollars
Today, 10kg of gold is worth about 1.085m dollars

compound interest >>>> boomer bitcoin

>>508756287
Its a wealth preserver. You can buy the bars of gold, wait, go through a hyper inflation, etc. Then still have enough to buy an average house.

>>508756287
...To preserve wealth?

>>508756617
>1 ounce of Gold was $38.90 in 1970

People were not legally allowed to own gold for decades. Imagine being such cucks.

Many people didn't realize it was a good investment until the early 2000s.

>>508756612
for those interested, I know this was his goth phase, but it's an important piece of Christian dress.
https://en.wikipedia.org/wiki/Kohl_(cosmetics)

>>508756770
Regardless of the year, all it would buy you is a gold digger.

>>508757184
The gold is to lure them in close.

Just borrow money from the Jewish bank and never pay it back, they literally don't care that you don't, since they get to print infinite money, it's literally no skin of their back, ever.

Don't tell anyone the cheat code, if everyone does it, then we have to murder half of you, don't try me, this always happens.

Gold is free. OP BTFO!!!

>>508756617
>which is $315 today.
>Gold today costs $3350 per ounce
What is an average wage though?
That is how economy on gold standard really works. If those numbers are essentially the same, say 1 months wages then nothing really changed.
Though you need to factor in cost of living expenses as well of course.

>>508755864 (OP)
But nowadays you don't get the OG asbestos, as in the past or the lead on paint and gas; quality has gone downhill!

When are we going to kill the richest people, /pol/?

>>508756826
it seems like a niche scenario where you have enough wealth to make a big chunk of it non-liquid, but also anticipate a crash accurately enough to not just be eating the opportunity cost from not just going into index funds. I guess you could be buying gold passively as like a secondary non-liquid emergency fund over time. But who has the bandwidth for that on top of actually trying to build wealth vs hedging?

>>508755864 (OP)
lol sure thing, buddy, take your gold where you can trade it and test it out

You forget inflation again? Silly boy

>>508756379
How heavy is a kg in heterosexual measurements?

>>508756177
>>508755964
Are you genuinely retarded?
The image’s point is that gold keeps its value unlike fiat currency

>>508755864 (OP)
Slimy lying kike
So easily refutable with something as simple as a calculator

>>508758545
roughly 2.2 pounds

>>508758655
the same people who determine the price of gold determine the fiat currency

>>508757775
two more weeks

>>508756287
house needs upkeep and eventually goes to rubble