Thread 509775056

My coworker who invested thirty percent of his portfolio in gold to hedge against inflation just had a screaming match with the cryptobro again.

WOW! It should crash into earth and kill us all.

>>509775056 (OP)
Doesn't finding more goal inflate the value of gold?

>>509775351

deflate

>>509775351
No,because the economy is fake and gay.

>>509775163
based

>>509775056 (OP)
how they sell it
>enough to make everyone on earth billionaires
what they mean
>the stockholders of the mining operation quitillionaires
the goyim would never see a cent of that gold

remember your place, cattle, you are only here to mine and stock up all that wealth for your masters.

>>509775449
>Deflate
But there's more gold, that's like machine go burr is it not?

>>509775163
This but to own the libs

>>509775642
Yeah but the value of each unit goes down
There's more to be had so its not as rare
>"EVERYONE WILL BE BILLIONAIRES"
Means no one will be billionaires
Thus it will never happen

>>509776992
It just means a ton of gold and a ton of copper would be the same price

>>509775056 (OP)
>zimbabwe IQ

>>509775056 (OP)
ANUNAKIFAGS BTFO

>>509775056 (OP)
sounds like a cool premise for a sci fi novella. I should have Grok write it for me and put it up on amazon

i love gold

>>509775056 (OP)
>My coworker who invested thirty percent of his portfolio in gold to hedge against inflation just had a screaming match with the cryptobro again.

literally why involve retards in your investment strategy. So stupid. Why get upset about any of that. The entire idea is that you buy or sell something. Youre either right or wrong.

Like lol. Also crypto is cringe. If you bought bitcoin when it was 10k or before, then youre a winner, else youre gay.

>>509775056 (OP)
What is he hedged with? A gold enjoyer should not waste any energy screaming at cryptohobos.
>>509775351
Based retard.

>>509776992
That's inflation. There is more money, but it's worth less.

>>509775056 (OP)
Wow, a fuckton of gold where nobody can get to it.

>>509776399
this

>>509775163
>>509775573

>>509775056 (OP)
...but you know full well, either it will all be owned by the elites ...or the price of gold would drop with such a surplus.

>>509775579
It wouldn't matter either way. Mining all that gold and bringing it to Earth would make gold worthless. Nobody would become billionaires off it and the people who do have their wealth stored in gold would get ruined.

>>509780170
You don't understand, we need to tax the billionaires so that poor people have more money to spend on disposable forever trinkets to throw into the ocean.

trust the plan

>>509775056 (OP)
30% is insane. 5% max in metals.
also crypto is very much like an asteroid field. each one (btc eth etc) is finite but the choices are limitless and thus all of it worthless. only a matter of time until crypto becomes a race to the bottom. remember the value is in anonymous secure transactions. that means new cheap coins are the future not legacy bloat coins

>>509775163
We can only dream

>>509775056 (OP)
>found to contain
oh, how was this determination made? I'm sure it was thoroughly scientific and not at all based on conjecture.

>>509775163
yeah I thought "dont look up" was an okay movie

>>509775056 (OP)
Every quarter they say they find a new gold deposit that should make the current inventory of gold less valuable yet nothing ever materializes from these finds and central bankers continue to stack gold. They do this to manipulate the price of precious metals, and everyone falls for it.

>>509775056 (OP)
Asteroid mining kills precious metalfags
Quantum computing kills cryptofags
It's over

>>509777977
You asked if it inflates the value of gold, not money. Please stop making Americans look dumb, which we are.

>>509775056 (OP)
whoever posted this should be executed

>>509775056 (OP)
The jews know. Space bound jews already have the gold to crash the market, but only at the right time when all the goyim have put everything into it

>>509775056 (OP)
>start mining it
>price of gold instantly drops to negative numbers due to sheer quantity
>asteroid is now not only worthless, but costs billions for every second spent mining it

>>509775056 (OP)
What is the proper way to protect wealth?
What would you do if you just got 500K after taxes from a lottery?

>>509780374
>disposable forever trinkets to throw into the ocean.
picrel

>>509781260
>Not money
Gold is money. Explain the difference between machine going burr and more of a rare substance being introduced?
Is it not true that spain somehow fucked up its economy importing tons of silver and gold from the americas?

>>509775056 (OP)
>everyone will be billionaires, own nothing, and won't be able to afford to eat meat

>>509781603
USD is what's known as a fiat currency which means it is not backed by a physical good, it's all government issued.

>>509777420
In fairness to him, the whole term "inflation" is kind of backwards, because it implies growth but is actually a matter of currency becoming worth less.

>>509775163
>gold has over twice the density of iron
It will totally kill the entire planet if it hits

>>509781797
That, as far as I'm aware, doesn't affect the phenomenon of inflation outside of making it easy by simply creating more fiat.

Mining a metric fuckload of gold means more gold exists on the market, does it not? So why wouldn't the price dip since the scarcity has gone down?

>>509780170
its not about the financial wealth, but how the gold would be utilized.
by altering the dna, and making it so that the body would use gold instead of iron, we'd be propelled into a new age of man.

>>509775056 (OP)
gold wont be worth shit if that much ends up on the planet.

>>509775056 (OP)

This isn't how economics works. The more common something is, the less it is worth. The scarcity of a resource bound up in a distant body in space is determined by the cost of getting to it and extracting it. So the price of gold would drop but anything else used to get to it and bring it back would increase in value.

>>509775056 (OP)
The fuckers that already have gold on Earth will never allow that asteroid to be mined.

>>509775056 (OP)
It's composition is mostly nickel and silicates. The pic in OP is a literal imaginary art that was drawn by NASA's faggots, while in reality it's way more plain.

>>509782293
It will never be economically viable to use chemical rockets to mine asteroids for gold. Unironically, there’s no chance.

>>509775056 (OP)
you wont get a cent

>>509782581
They won't even let you mine all the gold in Africa.

>>509775056 (OP)
The idea of rich vs poor isn't so much as to the scarcity of gold, rather the retention of power.
Even if that asteroid were to be mined it would not make a difference, the financial classes are the way they are by design.
Also, what a stupid fucking article.

>>509775056 (OP)
Image captuon is grammatically incorrect.

>>509781797
There’s no such thing as a fiat currency. The dollar is still a paper proxy for gold, it’s just been heavily debased. Every other currency is a derivative of the dollar. The fiat label is a psyop as government decrees can’t create value.

>>509775056 (OP)
Why is your coworker worried about such a nothingburger? We can't even mine the moon at this point, much less an asteroid that we haven't even visited yet with a probe. Your coworker is retarded, not just for this but also for having 1/3 of his portfolio tied up in gold

>>509781593
>What would you do if you just got 500K after taxes from a lottery?
i would probably buy a house and rent it out. Then I would put all the income from the rental into BTC, gold and stocks

>>509775056 (OP)
So I looked in to this, whoever wrote it's made of gold is full of shit. It's metallic, but scientists say it's mostly iron and nickel with maybe trace amounts of gold. A NASA probe will get there in 2029, I guess they'll find out for sure then. And the estimated value is 10 quintillion (a lot, I know) not 700 quintillion.

>>509775449
"Inflation" in common usage is short for "price inflation." It doesn't refer to the currency itself.

Billionaire in the Zimbabwe sense

>>509775351
Not if everyone wants a house made out of gold.

Gold would still be really useful for its actually useful purposes, like electrical contacts, high efficiency mirrors, corrosion resistance.

The chance of mining that asteroid is about 0% if not obvious.

>>509782701
Yeah I wonder if there is even a proposed technology to mine asteroids. I can't imagine anything but a nuclear drive being feasible for the amount of delta v and the amount of mass to move.

Maybe it's some very long term project that takes thousands of years to be financially viable.. in which case I don't think any country really thinks that far ahead.

>>509777977

no, there is more gold, and the value reduces. the correct word is actually depreciation, sorry about that. for a currency backed by gold, inflation would indeed occur.

>>509775056 (OP)
man, imagine how much better we could make our computer chips

>>509775642
supply/demand. how fucking dumb are you nigger? fucking hell man...

>>509783964
none % better

>>509783676
shut the fuck up you misestard

>>509779529
this

>>509775056 (OP)
You won't find trillions of dollars of butcoind in space. Just sayin

>>509775163
Rolling....

>>509784152
>I send greetings on behalf of the people of our planet. We step out of our solar system into the universe seeking only peace and friendship, to teach if we are called upon, to be taught if we are fortunate.

>>509775056 (OP)
>everyone becomes billionaire
>price of a loaf of bread now a million dollars

>>509775163
If we blow it up into smaller pieces it might just work!

>>509784378
That wouldn't even happen, the most powerful people would just hoard it and make themselves richer.

>>509779529
not this
>>509784066
but this

PSYCHE thats the wrong numba!

>>509775056 (OP)
If there were that much gold it would be worthless

>>509775351
a box of twinkies will cost 10 million dollars

>>509784605
It still has intrinsic value as a super conductor.

>>509783987
Gold doesn't have a demand that is uncorrelated to its scarcity?

>>509785315
its not a superconductor, its only the best naturally occuring conductor. copper is slightly worse but a lot cheaper, even with niggers and meth heads driving up the price, but has a lot of other problems

>>509785382
jeets want all the gold.
they hoard all the gold.
they keep it in little tubs underneath their bed.
it would be a shame if the local vagrants heard about all the gold that jeets keep under their bed.

>>509775163
Jewish mentality.

>>509775056 (OP)
>again
kek

>>509775056 (OP)
>>509775163
>>509775351
If this shit was real, I mean if even 1% of that gold was real, (((they'd))) have already sent 100 probes to go mine that thing.

>>509785690
It doesn't even have any gold in it. /thread

>>509785911
It's far af, too

>>509775056 (OP)
Scarcity is what creates value.

>>509781225
There are ways to harden blockchain infrastructure against future quantum attacks. The same technology will probably used in whatever succeeds sha 256 encryption. It's not like the second quantum computing came online everyone was planning to throw their hands in the air and go, "lol, ok, I guess I can't encrypt anything anymore."

>>509775056 (OP)
Bro, just fucking diversify, If you had put like 50$ a month into both no matter the price he would be rich. The Jews will never let the number go down as long as the stock market exists.

>>509775163
Poetic irony
Based

>>509786726
what are you, 12?

>>509775056 (OP)
They keep coming out with these stories. >>509781074
It's hilarious how they keep trying. It's nice to see they're going back to the asteroid template, the last couple attempts have been new large deposits found in China or someplace.
I will always stack and I will never vaxx.

My current offer prices are as follows:
$20,000 per pint of pureblood
$20,000 per troy oz of gold
$200 per troy oz of silver
$5,000 per shot of puresemen if extracted by 8+/10 nurse
$10,000 if solo extraction

>>509780170
>people who do have their wealth stored in gold would get ruined.
>>509782293
>gold wont be worth shit if that much ends up on the planet
Aren't you NPCs glad you don't own any gold? Like not even a single gram. Articles like OP must make guys like you feel so good.

>>509780724
30% is aggressive but given the post covid environment is anything but insane. It's speculative.
I'd say 5 to 10% is where most should be, but if they have none at all (like 99.9% of western normies), then dollar cost averaging over time up to 5% should be a priority. I agree with your crypto take, so with some balls you will make it.

>>509775056 (OP)
>Power outage and gov't loicensing

>>509786880
No I am telling the poors, how to start investing if you had invested in bitcoin and gold for the last 10 years you would be endlessly wealthy this is a fact. Do you think it will magically stop now?

>>509785502
Why would we still use small amounts of gold in electronics today if the difference between copper and gold is nominal?

>>509776399
lmfao

>>509787548
gold is used for wirebonding (die to leadframe/package connection) because of its mechanical properties. there are some weird copper and aluminium alloys that people have been trying out for the last several years to replace it. the on-chip wiring is copper or aluminum or both

>>509787051
buy when the market crashes like the kikes do

>>509775056 (OP)
If everyone on earth is a billionaire, then no one is a "billionaire," at least the way we would have used to think of it. If that happened, you'd need to be a quadrillionaire to be wealthy. Besides, what would we do, just go around trading wheelbarrows full of gold with each other? Shit isn't practical anyway. Gold is going to be scarce as long as everyone posting on pol right now is still alive. Shit like this is for centuries in the future, if it's ever relevant. Mother fuckers need to successfully send astronauts to Mars before they go space mining for gold.

>>509790011
robots, you dumb nigger. for making your burger and for going mining in space.

>>509780934
I liked it a lot more than the critics and most anons here did. I thought they did a really good job of satirizing the mainstream media and news companies. I think that's what hurt feelings and caused some of the poor reviews. I saw a lot of parallels between the movie and how Covid was being handled in the media. I thought it was pretty clever. Way better than a lot of people gave it credit for.

>>509775056 (OP)
>My coworker who invested thirty percent of his portfolio in gold to hedge against inflation just had a screaming match with the cryptobro again.
Why? Is his cryptobro a kike, a faggot, or a nigger?
Oh wait, this is a bait thread that you have abandoned, awwwe, you're the cryptobro and all 3.

>>509775056 (OP)
Gold is already rare enough as is on Earth, and we're supposed to believe there's entire asteroids of pure gold just floating around out there in space?

>>509775056 (OP)

because of the aliens who'll buy that gold from us or what. retard

>>509775163
A 9.4 km gold asteroid worth 700 quintillion dollars, striking Earth at 20 km/s, would release ~$1.67 \times 10^{24} \, \text{J}$, causing a global catastrophe far worse than the dinosaur extinction. It would create a massive crater, trigger apocalyptic wildfires, tsunamis, and a centuries-long climate collapse, likely wiping out all complex life. The gold’s value would be meaningless in the face of such destruction.
kek.

>>509775056 (OP)
Wow a fucking CGI picture, thanks nasa niggers

>>509790675
It's only rare because we can't get to it economically.
>The concentration of gold in Earth's crust is about 4 parts per billion, or 0.004 grams per metric ton, so all the particles in the crust put together likely weigh around 441 million tons (400 million metric tons), according to The Royal Mint.

>>509791728
LET IT RIDE GOY BIG MONEY

>>509775163
At least, I would die rich.

>>509775351
The problem with gold is not the gold it self, is the mining operation.
on earth is becoming ever more inefficient to mine it, pretty much all the gold that was at surface level has been raked the fuck out, so they're are having to go deeper and deeper in to mines to find enough gold worth the investment to rig an operation.
They can't even get to the fucking moon anymore what makes you think they can bring 700 gorrillion dollars worth of gold from a floating rock somewhere in the fuck all galaxy

>>509775351
think of it like this, we already have enough diamonds to make everyone on earth a millionaire. but everyone is not a millionaire because jews artificially restrict the supply. they would do the same with infinite gold from an asteroid

Mining gold is easier than mining bitcoin. Especially if you live near culverts.

>>509781593
why the fuck am I seeing so many typos and shit like this everywhere, is it jeets? I swear to god I've even seen it on wikipedia
it's like everyone suddenly forgot how to speak fucking english I feel like im having a stroke every time it happens

>>509792761
yes. kids have been surrounded by shitskins for a long time now and picked up their mannerisms. and guess what, its 2025. people born after 9/11 have been able to drink for a long time now

>>509775163
and again, the law of fpbp boggles the mind.