ALL Gold is Fool's Gold in America ...
(media.scored.co)
This is one of the dumbest posts ever made on this board.
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26 comments:
I was suggesting that people who are trying to save money to eventually buy a house or land to convert their fiat dollars to gold, silver, or maybe even Bitcoin.
SNES_X argument is that gold is a ripoff because a coin shop charges 3% over the wholesale spot price.
I disagree with this. So maybe his post relates to our debate.
I think the premium is low relative to any other investment you make, and that gold is actually very liquid and if you only pay a 1-3% transaction fee converting to or from fiat dollars that it is STILL a great investment, can't be tracked easy by big brother, etc.
I am bias and in favor of gold stacking. I think it can help destroy ZOG if we save gold/silver instead of jew dollars or buying shares in rigged jew stock market
Jews don't want White people to own gold. Which is why all mainstream news tells you it is a bad investment. But they data proves otherwise
If we all listened to ron Paul and bought gold 15 years ago we'd be outperforming stock market and most other investments just by holding on to gold rocks/coins.
By the way gold and silver are up big today. 3% and 5%. You think I give a shit about some $80 premium I paid over a year ago? I'm up over $10000 this year just on gold and silver coins.
Guys with Bitcoin see big gains too. That is because the fiat USA dollar is crashing way sooner and faster than normies want to admit. Most currencies only last 80 years on average. Federal reserve system is 112 years old. In its decline.
SNES_X argument is that gold is a ripoff because a coin shop charges 3% over the wholesale spot price.
I disagree with this. So maybe his post relates to our debate.
I think the premium is low relative to any other investment you make, and that gold is actually very liquid and if you only pay a 1-3% transaction fee converting to or from fiat dollars that it is STILL a great investment, can't be tracked easy by big brother, etc.
I am bias and in favor of gold stacking. I think it can help destroy ZOG if we save gold/silver instead of jew dollars or buying shares in rigged jew stock market
Jews don't want White people to own gold. Which is why all mainstream news tells you it is a bad investment. But they data proves otherwise
If we all listened to ron Paul and bought gold 15 years ago we'd be outperforming stock market and most other investments just by holding on to gold rocks/coins.
By the way gold and silver are up big today. 3% and 5%. You think I give a shit about some $80 premium I paid over a year ago? I'm up over $10000 this year just on gold and silver coins.
Guys with Bitcoin see big gains too. That is because the fiat USA dollar is crashing way sooner and faster than normies want to admit. Most currencies only last 80 years on average. Federal reserve system is 112 years old. In its decline.
better give your wealth to the banks to manage on your behalf instead
A drug dealer doesn't want to trade cocaine for weed, or pills for needles. They don't trade for the shit they're slinging.
Metal (((traders))) are no different. They all want your cold "worthless" cash.
WHY would the (((dealers))) give up their "precious" metals for my "soon to be worthless" dollars? Their pitch don't add up!
Metal (((traders))) are no different. They all want your cold "worthless" cash.
WHY would the (((dealers))) give up their "precious" metals for my "soon to be worthless" dollars? Their pitch don't add up!
This is the dumbest post I've seen on here in ages.
I've been to a lot of local coin shops. The owners are always gold bugs. They keep a large portion of their personal wealth in gold and silver. Yes, the business takes in dollars. The owner then converts a portion of their profits into gold or other hard assets. They need dollars to pay their employees and to buy more inventory. The dollar isn't going to collapse tomorrow. People have been talking about the dollar collapse for like 25 years since Sept 11 2001.
Shop owners tend to be Genx to Boomers. They got their gold when it was $400 / oz. They're already rich. The smart ones are diversifying their gold holdings into other political jurisdictions like Singapore, Canada, Switzerland, and Australia. (I know they're all problematic in certain ways)
I've been to a lot of local coin shops. The owners are always gold bugs. They keep a large portion of their personal wealth in gold and silver. Yes, the business takes in dollars. The owner then converts a portion of their profits into gold or other hard assets. They need dollars to pay their employees and to buy more inventory. The dollar isn't going to collapse tomorrow. People have been talking about the dollar collapse for like 25 years since Sept 11 2001.
Shop owners tend to be Genx to Boomers. They got their gold when it was $400 / oz. They're already rich. The smart ones are diversifying their gold holdings into other political jurisdictions like Singapore, Canada, Switzerland, and Australia. (I know they're all problematic in certain ways)
Well, don't waste your time talking to me. Go dump all your savings into *PRECIOUS GOOOOLD!*
Tell your employer that you only want to be paid in gold. Leave gold dust at restaurants to pay the bill.
*"Why hold onto WORTHLESS dollars? Prices are only going higher. Secure your investment -- BUY NOW!"*
Tell your employer that you only want to be paid in gold. Leave gold dust at restaurants to pay the bill.
*"Why hold onto WORTHLESS dollars? Prices are only going higher. Secure your investment -- BUY NOW!"*
When the dollar crashes and you're starving while I have the ability to buy 21,000 loaves of bread, I will give you nothing. Maybe I'll feed your wife and children, if you have either. But not you. Lol lmao.
Hey we don't have to argue about it.
Please suggest to me a better store of value
I make more money each month than I spend. What do you suggest I do with these extra fiat dollars? Honest question.
>Tell your employer that you only want to be paid in gold. Leave gold dust at restaurants to pay the bill.
I am my own boss but I would absolutely love for customers to pay me in silver and gold coins and I would even give discount for it.
Also, why is this a trigger point for you? You do know that prior to 1964 all USA coins had real silver in them, right? And prior to 1933 $20 was a one ounce gold coin. Now one ounce gold costs $4000 fiat dollars. I rather have that $20 gold coin.
Please suggest to me a better store of value
I make more money each month than I spend. What do you suggest I do with these extra fiat dollars? Honest question.
>Tell your employer that you only want to be paid in gold. Leave gold dust at restaurants to pay the bill.
I am my own boss but I would absolutely love for customers to pay me in silver and gold coins and I would even give discount for it.
Also, why is this a trigger point for you? You do know that prior to 1964 all USA coins had real silver in them, right? And prior to 1933 $20 was a one ounce gold coin. Now one ounce gold costs $4000 fiat dollars. I rather have that $20 gold coin.
you just said it in your earlier post
they make money on the margin
they make money on the margin
> they make money on the margin
But WHY WHY WHY would they want that "worthless" cash we they've got "precious" GOLD!?
Think a little harder, dude. The pitch for gold is the same pitch for $2k Pokemon cards. It's the same scheme.
But WHY WHY WHY would they want that "worthless" cash we they've got "precious" GOLD!?
Think a little harder, dude. The pitch for gold is the same pitch for $2k Pokemon cards. It's the same scheme.
because they make money on the margin
would you rather them hoard gold like a dragon?
why would grocery stores sell food for cash? are they stupid, you can't eat cash after all
would you rather them hoard gold like a dragon?
why would grocery stores sell food for cash? are they stupid, you can't eat cash after all
If you're comparing gold to food, then it's not worth continuing with this discussion.
The grocery store is telling me that I need to buy chips and soda now so that I can trade them in for 10x their value next week.
The gold (((dealers))) are telling me that my cash will be "worthless" unless I trade it for gold.
So, again, which you refuse to answer: WHY would they want my "worthless" cash for their "precious" gold?
The grocery store is telling me that I need to buy chips and soda now so that I can trade them in for 10x their value next week.
The gold (((dealers))) are telling me that my cash will be "worthless" unless I trade it for gold.
So, again, which you refuse to answer: WHY would they want my "worthless" cash for their "precious" gold?
For the same reason a refiner refines gold instead of just keeping it. They make more profit moving merchandise. They get more gold in long run by making a margin by moving gold.
Why would a miner sell gold instead of keeping it for themselves? Because there are people making money moving product from raw source to retail counter.
The same reason a farmer sells food instead of keeping it all for himself.
Velocity of money, profit margin, leverage
You seem to be hostile toward gold investors. Why? Obviously it's worked out well the last year. Check out goldprice.org
Are you upset because you think you missed out? Look at it this way. Most of the gold I bought was when it was at all time high. And guess what? It kept going up.
Gold at $4000 an ounce is higher than it was last year but next year it will be $5000 per ounce. You get in now and stop worrying about old prices you missed out on. One ounce used to be $20 but it never will be again.
Also gold has a floor price. An ounce of gold always costs what it costs to mine it out of the ground which is at least $2000 at no profit to the miner
Now if you prefer Bitcoin then hey okay. I prefer gold but Bitcoin still seems like better store of value than the fiat jew dollar so we can debate but the idea is we don't want jews printing fiat and devaluing all our hard work and labor.
Why would a miner sell gold instead of keeping it for themselves? Because there are people making money moving product from raw source to retail counter.
The same reason a farmer sells food instead of keeping it all for himself.
Velocity of money, profit margin, leverage
You seem to be hostile toward gold investors. Why? Obviously it's worked out well the last year. Check out goldprice.org
Are you upset because you think you missed out? Look at it this way. Most of the gold I bought was when it was at all time high. And guess what? It kept going up.
Gold at $4000 an ounce is higher than it was last year but next year it will be $5000 per ounce. You get in now and stop worrying about old prices you missed out on. One ounce used to be $20 but it never will be again.
Also gold has a floor price. An ounce of gold always costs what it costs to mine it out of the ground which is at least $2000 at no profit to the miner
Now if you prefer Bitcoin then hey okay. I prefer gold but Bitcoin still seems like better store of value than the fiat jew dollar so we can debate but the idea is we don't want jews printing fiat and devaluing all our hard work and labor.
Today is 11-12-25
Gold is up 4.78% since date of op post two days ago
Silver is up 9.8% the last two days! LET'S GOOOO
LOL i would have had to wait YEARS to get 9.8% gain in a savings account.
The U.S. fiat dollar is going to keep devaluing The political parties can't get a budget deal done that isn't full of pork and debt spending. Interest only payments on the national debt are the largest budget item. Trump threatens with military which requires huge military budget. Wars for Israel. Hostile trade talks with every nation. Europe in decline. USA losing faith and credit that backs its fiat currency. Foreign nations don't trust USA since USA froze all Russia's USA currency assets. Now foreign nations want to hoard gold instead of buying USA Treasury bonds.
Not only does the technical analysis support the bullish sentiment in gold but all the geo-political stuff supports future increased prices in gold. Also if CBDC gets further implemented, which it will, the backlash will also push gold and silver prices up as people seek black market methods to transact.
Who cares about a 3% premium when that gets erased with less than one week's gains? Gold is up 55% in one year and is going to keep running because there's no good bearish argument why people should trade in their gold for fiat jew dollars in high inflation environment.
Gold is up 4.78% since date of op post two days ago
Silver is up 9.8% the last two days! LET'S GOOOO
LOL i would have had to wait YEARS to get 9.8% gain in a savings account.
The U.S. fiat dollar is going to keep devaluing The political parties can't get a budget deal done that isn't full of pork and debt spending. Interest only payments on the national debt are the largest budget item. Trump threatens with military which requires huge military budget. Wars for Israel. Hostile trade talks with every nation. Europe in decline. USA losing faith and credit that backs its fiat currency. Foreign nations don't trust USA since USA froze all Russia's USA currency assets. Now foreign nations want to hoard gold instead of buying USA Treasury bonds.
Not only does the technical analysis support the bullish sentiment in gold but all the geo-political stuff supports future increased prices in gold. Also if CBDC gets further implemented, which it will, the backlash will also push gold and silver prices up as people seek black market methods to transact.
Who cares about a 3% premium when that gets erased with less than one week's gains? Gold is up 55% in one year and is going to keep running because there's no good bearish argument why people should trade in their gold for fiat jew dollars in high inflation environment.
Toast message
It's not an easy business, with huge swings in the price you can end up holding the bag
*"Prices are only going higher. Secure your investment -- BUY NOW!"*
The only people who got rich off the California Gold Rush were the merchants selling pickaxes to prospectors. It's the same scheme.
Gold is good because it's hard to fake and the supply is limited. Fiat sucks because they can poop out as much as they want. Pokemon card is basically fiat money, not gold at all.
The only scenario that I can see gold making sense is if private owners held a weekly or monthly meeting where they could buy or sell gold to each other at market price. No fees, no premiums, just value-to-value trades. But I don't see that happening because "somebody might scam me." Right, but the jew behind the counter, who wants another fee to take back the gold he sold you, is trustworthy?
I'll check out the book, but my point is this: at the end of the day, you're valuing gold -- measuring the value of its worth -- in dollars.
At the end of the day, it all comes down to dollars! "All roads lead to Rome."
It's the most reliable store of wealth.
Also, you pay a premium for anything. Wheat, milk, copper, cotton, tobacco.
Why would you expect gold to be refined and minted and transported and sold at retail shop for a wholesale price?
If you want wholesale then invest in gold mining companies. Research ASIC
If anyone here is making more money than they spend each month, what do you propose they do with their extra money? Please suggest a better alternative.