Reminder that the gold standard is bullshit. Anyone who believes in it doesn't understand economics or the purpose of currency.
Reminder that the gold standard is bullshit...
Caleb Thomas
Other urls found in this thread:
Zachary Young
Jew detected
Colton Rogers
Fiat literally has no intrinsic value, it's worth is purely arbitrary.
sage, inb4 ban
Joseph Flores
Currency only serves as a medium of exchange and isn't meant to be a vessel of wealth.
Leo Brown
Gold standard can't really handle rapidly increasing levels of global trade. Especially if you're using gold for small everyday transactions within your country.
That said you should definitely have some gold and silver in your possession for the coming currency collapse.
Xavier Stewart
A firearm would have a better ROI in the case of economic collapse.
Christian Edwards
>currency isn't supposed to be worth anything, you're just supposed to be able to trade it for resources
Robert Gonzalez
yup.
Anthony Jenkins
OP IS A JEW
William Russell
Obviously you should have that, too. As well as some water in portable containers, spare gas for your vehicles, and so on and so forth. I shouldn't need to explain to you everything you'll need for a proper bugout bag.
You all do have an exit strategy, right?
Joshua Perez
Gold is money. Currency is a note that says it's worth money. What are you talking about?
Dylan Campbell
Xavier Powell
Time for Jew gold joke.
I can't believe I posted this.
Ian Morris
I'm already living my exit strategy. I've got 40 acres with lots of forest, surrounded by Amish. If the world goes down, I will be able to survive no matter what. Got a massive vegetable garden, maple trees, and an orchard as well. River runs through the property for fish too. Plenty of venison and turkey in this area.
Tyler White
>gold isn't good goy!
saged and reported
Aaron Phillips
sage isn't a downvote.
Noah Morales
You're living the dream man. I'm going to do the same in a few years once I've got enough money saved up.
Jackson Bennett
>trying to escape the (((central banking system))) makes you a r*dditor
Hudson Sullivan
>
Carson Davis
>Fiat literally has no intrinsic value
WRONG.
There is a demand created by Autistic women.
prove me wrong.
Nolan Russell
This. Gold is retarded, buy bitcoin and ride the wave of the future.
Chase Walker
Please, either stop spamming, stop making awful music, or kys.
Preferably all three.
Michael Roberts
Adam Hill
Headed in this direction as well. Have yet to decide between Washington and Idaho though.
As for the gold argument, it's worth noting that since discovery it has always had value as a commodity for trade. Sure, maybe I wouldn't take it, but the fact that somebody else will gives it value because value by it's very nature is subjective.
Jaxson Morris
Bitcoin isn't even the best crypto stupid goy
Anyways, I'm sad that you dumbasses have fallen for Keynesian propaganda to be willing recipients of anal rape at the hands of banks and government inflating away the value of your currency.
Easton Rodriguez
Both the Gold Standard and Fiat Currency are retarded in the modern era.
In the case of an economic collapse, gold will eventually be nice to have, but until things stabilize again you're going to want alcohol and bullets for your trading purposes.
Ryder Watson
>In the case of an economic collapse, gold will eventually be nice to have, but until things stabilize again you're going to want alcohol and bullets for your trading purposes.
It's amazing to me that people are this retarded. Name any instance of recent hyperinflation where alcohol and bullets became the primary means of trading?
You can't, because it doesn't happen you retarded faggot. Maybe in Africa, but not even in Venezuela which was a 3rd world shithole infested with browns.
I will concede that alcohol being traded is far more likely than bullets.
Landon Russell
Both of them are worth more than gold in the case of an economic collapse.
Ryder Butler
Day of the rake needs to come soon
Andrew White
austrian "economics" is horseshit, only dumb teenagers fall for their investor scams
Charles Jackson
print more fiat for the drugwars
Xavier Allen
Mason Morgan
>the gold standard is bullshit.
look at this dude ha ha ha ha! No no no no Tha ha ha ha ha look at the top of his head HA HA HA HA HA
- In All Fields
Oliver Rodriguez
I was wondering how long it would take before the Jews started Larping about the gold standard. Goodbye Fed organized crime syndicate.
Gabriel Martin
You are fucking retarded. By weight? or at what quantity?
>Investor Scams
What?
Charles Phillips
Without a fixed rate of exchange to some tangible asset, a currency can be hyperinflated into oblivion which is exactly what is happening. No currency is currently backed by anything, which means central banks are free to print as much money and pump it into the stock market as they please. Now only major economies can get away with this, smaller central banks would be punished on the FOREX market. But it is happening. Every major central bank is printing as much money as they can. None of it is entering the real economy, and we're going to be stuck in a situation where we have zero interest rates and incredible stagflation. All of this is a result of not having currencies backed by a government promise to convert those notes into a hard asset at a fixed rate of exchange. Just look at the plummeting purchasing power of the dollar and tell me I'm wrong. We only don't notice it because every other major currency is doing the same thing so central banks are inflating the money supply by the same amounts and the exchange rates stay relatively the same.
You're obviously a ((( FED ))) shill, OP. But I thought I'd counter your dumb post in the hopes some non-shills will read this. Cheap and easy money is the most corrosive thing to a properly functioning economy imaginable. The debasement of the dollar has been going on for over 100 years now. And it's all about to catch up with us.
Hudson Reyes
I have stockpiles of building materials, construction equipment, oil, etc.
Austin Peterson
>Reminder that the gold standard is bullshit. Anyone who believes in it doesn't understand economics or the purpose of currency
Tyler Foster
Question: Do (((plutocrats))) hoard gold, and if so, if there’s a real happening, won’t (((they))) already have enough to make whatever we save nearly worthless.
Jacob Jackson
People aren't going to want gold when they're starving.
People aren't going to want gold when they want to drown their sorrows in alcohol.
People aren't going to want gold when they need wood or steel to build shit to stay alive.
In the event of an economic collapse, gold is not going to be the thing you trade. Alcohol and bullets will serve you better until things stabilize, this is assuming you aren't outright bartering.
Aaron Hughes
Ian Peterson
The Gold Standard isn't bullshit, it's the standard that society would actually choose if given the liberty to. However, the government has removed the ability for individuals to use a currency of their choosing. Instead, forcing others to abide by a Fiat currency system--by making U.S dollars the only accepted currency to pay taxes--which the global bankers can print money to fund various government and banking operations. Moving the money into their pockets. All the while, the rapid inflation destroys the savings of the working class Joe. Those savings transferred to a little intellectual elite at the top of the bullshit system they force on the masses.
Tyler Taylor
Name one time where this has happened in recent history.
I asked you this before, but you won't because you can't. People just find an alternate means of exchange. Usually another currency. That could be gold, but usually it's just another foreign currency, or even bitcoin right now.
Jacob Reed
Bad goyim
Cooper Reed
All value is extrinsic, retard.
Henry Allen
...
What? Explain this to me please.
Benjamin Wright
>bullets will serve you better until things stabilize
/this
I am pretty sure next big crisis we will don't give a fuck about gold or coins or whatever currency. You don't survive with gold or some papers.
Elijah Jones
weird that it worked for all of human history up until 1964.
Gavin Flores
Can I come user? Sounds comfy. I can be your farmfu
Elijah Cox
This is the argument every single pseudo-intellectual makes. Yet, they can't cite a single case where this was the case in a hyperinflation western country, or even 2nd world country.
Hudson Myers
Liam Morgan
check world debt clock, if wasn't any precedent before does not means it can't happen.
Liam White
I have 120oz of silver, 2oz gold, 3oz platinum, 1oz palladium and about 4000oz of lead.
Jackson Morris
>this
KANGS need pussy covered in gold and NASA needs gold plating. discuss.
Mason Hall
Nothing has inherent value.
Christopher Gonzalez
gold is rare and easy to melt
I do understand the principle of rarity and utility.
Luke Davis
Thanks just bought 100oz
John Nelson
and thats where youre wrong
Ryder King
We do not live in a barter and trade society. For something to be used as money, it must meet eight criteria:
>It must be easily portable
>It must be easily divisible
>It must durable
>It must be generally accepted
>It must be scarce
>It must be easily recognizable
>It must be stable / hold it's value
>It must not be easy to counterfeit
After an economic collapse, paper currency is worth only as much as the paper it's printed on. While gold consistently maintains value.