Gold is a retarded investment in the use case (you) are thinking of.>THE DOLLAR IS WORTHLESS, BUY GOLD!Yeah, that one.If the thing you want happens, Gold = 0$\They can and will seize your gold if it rivals the dollar. There won't even need to be a supreme court case about it, its already in the law.>ill burry it in my back yardPeople did this when they did it before, they got sent to prison for 10 years. Even if you manage to keep it secret, you cant use it and you cant use it after the fact because they track the origin.This is not a "oh they might do it watch out thing". The government is 100% guaranteed to take all of your gold during hyperinflation. Its as certain as the sun coming up in the morning.In 99% of cases gold is a retarded investment. You need things to get so bad there isn't even a government anymore, in which case A) All non physical ownership gold is worthless anyway B) just have bought more guns instead.
Thank you for your concern for my financial well being.
I have an easy time understanding the lost of purchasing power with inflation…but what I have a hard time understanding is….what happens if you buy a lot of gold at 4k or whatever as a hedge against the collapse of the dollar…and the dollar does indeed collapse…what happens to the value of the gold? So say I could buy a car for 50k right now or say for 12 ounces of gold…so if the dollar collapses and we move to a new currency or system….what would that do to the purchasing power of the 12 ounces of gold…Does any of that make sense?
>>611449891toz=1toz
Name one person who went to prison.
>>61144999Go on…
>>61144954Everything is a retarded investment.>THE DOLLAR IS WORTHLESS, BUY ANYTHING!Yeah, that one.If the thing you want happens, Everything = 0$\They can and will seize your stuff. There won't even need to be a supreme court case about it, its already in the law.>ill store it in my headPeople did this when they did it before, they got sent to prison for 10 years. Even if you manage to keep it secret, you cant use it and you cant use it after the fact because they track the origin.This is not a "oh they might do it watch out thing". The government is 100% guaranteed to take all of your stuff if it wants it. Its as certain as the sun coming up in the morning.In 99% of cases everything is a retarded investment.
Wow we now have dedicated fud threads for gold just like chainlink
>>61144954>and you cant use it after the fact because they track the originHow does that work? Is every single gold item tagged? What if you melted a golden chain, how is that tracked?t. stackless noob
>>61144989If the currency collapses and someone has a car but no money they will accept less money (gold) for the car than it is worth so they can buy essentials their paper can't
They can't take my gold since they can't find it.They can take your cryptocurrency because they have already confiscated lots of it
I wear my gold on my neck.
>>61145016John
>>61144954Shalom
What's wrong with just growing your wealth with stocks? The stocks we got grow wealth pretty good.
Well that’s why you buy bullets too. Second of all you live in a country where the globohomo is a double edged sword. You call their bluff and see that the gun buyback in Canada has absolutely failed already. If they can’t get the guns they’ll never get the gold.
Mossad post
>>61144954>They can and will seize your goldsorry officer, lost it in a boating accident
>>61144989Basically the price goes nominally up due to inflation, but netted to inflation will go down due to the collapse of complex society and the loss of demand that collapse brings. Gold bugs are chuds though and just want to be nominally rich when society collapses and values their rocks highly, probably so they can sexually exploit people or whatever vermin like that think.
>>61146519uhm, excuse me, i invest in both gold and silver, and i vote for the democrats in every election. stay mad
>>61144954If I happened to have a large amount of gold, say enough to retire, I would leave this conservative shithole. They can't take it if I'm not here.
lost all my gold in a boating accident
>>61144954Gold and silver are THE most difficult assets for government to confiscate. Bank accounts, brokerage accounts, IRAs, 401ks, stocks, bonds, cars, houses, pensions, ALL easier to confiscate. So you think the government is going to go door to door, facing hundreds of thousands of angry ARMED homeowners to grab a few tons of gold? Who exactly do you think is going to do that? Local LEO? Hahahahaha! The army will be just as likely to turn on the government as against the citizens. ain't going to happen Schlomo. Try again.
>>61144989Markets will spring up to set prices. Even in prison camps, prisoners develop currency using what they have (often cigarettes) and prices develop quickly.
>>61144954This is why i stack copper
>taxes for buy/sell saar>transfer limits saar>confiscation saar>fake ingots saar>tracking of your purchases saar>crypto is digital gold saar>you are incel saar
>>61144954They confiscated all the gold yet somehow there's millions of pre 1933 gold minted coins floating around at dealers.
>>61147110$20 for that coin is a steal. Finna pick a few up
>>61146609
>>61147118That's the original denomination of those coins. They're over $4000 market value now. That's how the currency has been debased.
>>61144954Ok jeet
>>61147155Oh. I'm retarded
i have lived through a hyperinflation, the currency did not stop existing, it even has the same name, but our savings and pensions in the fiat currency went up in the air. hyperinflation mainly leads to erosion in the social system and made the state dysfunctional for a long time. the economy got gradually worse - prices constantly changed, devaluation made imports unfeasible, which is why many firms stopped investing and employing new people, some transitioned to the shadow economy, making transactions in foreign currencies. lots of money were leaving the country in suitcases and by air. of course, this meant that the state couldn't tax them. at the same time public employees were always protesting for money - if your tax base is shrinking, how do you pay both the teachers, the doctors and the policemen?in most cases the governments make a bad choice to support the armed forces in order to protect themselves from the crowd. this never really seems to work and political changes followed. anyhow, anything that was perceived to provide safety, value or inflation indexed income was sought after and often bought at insane premiums (gold, real estate, stocks, foreign currency). Stocks did well initially, but they slumped once it was clear that the new government is going to kill the economy to get inflation under control. Ultimately spreading your investments between different assets proved to be a wise choice. Financially literate people managed to side-step the crisis and then scooped companies, materials and machines for the cheap. Because at the high of the crisis everything is for sale since there is no tomorrow. Pensioner and people who had no savings or they were all in the local currency got royally fucked. Ultimately the fiat system is a game of trust. And history has shown that sooner or later the government will try to fuck you.
>>61147469You always pay the armed forces first. The French crown learned that the hard way when unpaid troops rebelled against them in the 1790s.
>>61144954>They can and will seize your goldI will kill every fed who tries to get their zog paws on my metals.An not in minecraft, in real life. This is not a threat, it's a promise.If they stay away from my gold them we don't have a problem.Simple as.
>>61144954phew anon thanks for the warning, i'll go all in on silver instead
investing in gold is great, just dump on fools before it crashes
It didn’t matter if they took the gold in the 30’s. Cuz America still had plenty of runway. And the dollar had value. I would have cucked and gave my gold back then. >takes my gold at 20 in the 30’s. >oh no we only experienced a golden age after thatCome take it now if you want I want to put a bullet in my head anyway. I don’t care lol.
>>61144954Rent freeUs stackers literally forget you faggots exist till you're either trying to associate yourself with gold or shit on it. You're like kids scrambling to be associated with the big boys.You know what noone has ever said? Gold is the new BTC. You know why? Because the king doesn't associate itself with peasants
>>61147110Yea what’s the official explanation for that?
>>61148060boat accidents
>61144954>*type type type*>aaaaand that's the end of crypto Yeah, I think I'll just avoid bank boxes like millions of Americans did in the 1930s and be just fine, but thanks for taking time out of your day to try and psychologically manipulate me into buying into your pyramid scheme, OP.
>>61148068A boat accident makes you LOSE gold, not find gold that was supposedly confiscated
>>611465191 FWTDHWAHQAD coming right up!
lolall these desperate shill threads
>>61144954piss off kike
fiatcels are hilarious
>>61144989When priced in gold everything will get cheaper because as the dollar loses value. People might still earn 100K a year at their job but if ou have 100% inflation in a year and gold goes 200% in the same time, the end result is just that they're poorer. Your ideal position when this happens is to have large amounts of money so you can buy things from people who are selling because they're broke.
>>61146785I already addressed this in the post. You'll simply be arrested if you use it anywhere. I could give you a 1 million dollars right now, but if spending a cent of it on anything carried a sentence = drug smuggling, you really wouldn't be any richer than had I not given it to you at all.Money you can't spend now or later isn't money.>i can wait it out.Except they'll know people will attempt to do this.They caught ppl doing it in the 30s when people could have 20 different families in 30 different states and never be tracked down for child support.Now you need a fucking passport (REAL ID) to fly in your OWN COUNTRY from Jacksonville to Miami. Everything is gigga documented. I'm just giving you a heads up.I have a 1oz bar I got for my birthday 8 yrs ago and no bear possition and nothing to rly do with gold.But I feel like a lot of you don't know that this is a certainty, and its retarded seeing all the people using the worst possible outcome for gold as a reason to buy gold.
>>61148060The "confiscation" wasn't men going around door to door taking gold. FDR pitched it a patriotic move. Bring your gold to a bank and turn it in and we'll pay you more than it's worth. Gold pegged to $20 at the time, and they paid people like $22 - 23 for turning it in. Americans weren't allowed to officially transact directly in gold anymore but they were allowed to keep 5 ounces per household. A lot of them probably kept way more than that secretly. Some of the rich families sent their gold off to Switzerland for storage. Then a year or two later after the redemptions, FDR then officially pegs the value of gold to $35, basically cutting all purchasing power almost in half. Americans were allowed to own gold again after Nixon admin defaulted on France in the 70s and switched to the petrodollar system.
If you want to see what a modern confiscation looks like, it doesn't involve gold as things stand, because the dollar has no direct convertibility per the US treasury. Modern confiscation is instead written in US banking laws like the Dodd-Frank Act of 2010. That law passed under the Obama admin gives banks the authority to keep funds from accounts in excess of the FDIC's $250K limit in order to stay solvent. The bank compensates the depositor with bank equity in return. So if you have more then $250K in a bank, they reserve the right to pay you pay in their own stocks beyond the FDIC limit.
>>61146352A wild metal detector appears>i-ill put my gold in a Faraday cage!A faraday cage detector blocks your path. You can't win, anon
>>61148902I think for gold to be profitable in a crash you need to buy it 30 years ago when it was cheap…if you blow your entire wad of ultra inflated fiat on gold at the peak (where we are now) and then everything crashes…no one has yet explained how that would really work out
>>61147702That's edgy as fuck, and I mean coldsteel the hedgeheg levels of edginess
>>61149323KYS glownigger
>>61146785>ban the sale of it >have undercover feds act as buyers on the black market and bust all the chuds illegally sellingIts that easy to turn your gold into a paperweight that you cant sell. You might be able to sell it on the darknet markets with the help of monero but those are glowie infested and still run a severe risk. >muh I'll just barter it to based patriots Your based prepper friend will get caught up and they will end up ratting on you. It will be the same situation as drugs, would you feel comfortable having your networth in a large sum of illegal drugs that, if caught with, will get you decades in prison?
>>61144954OP just admit that you live in the third world and you need exit liquidity for your shitcoinalso>hyper inflation happens>government seizes your crypto because its all tied to an electronic account, or makes it virtually impossible for you to transact because they can shut off electronics and telecommunication infrastructure>meanwhile they have to invest the money they dont have to pay soldiers (who don't want to do the work) to go door-to-door to seize precious metals from people who will most likely shoot them or hide their metals
>melt gold into ring >Sell ring There i solved it
>>61149320The dollar system crashing is basically the national version of losing your job. Yeah if you've been saving for 30 years you'll do better than someone who just started saving. its not anymore complicated. When people are telling you to buy gold for the dollar crash, they're not pitching you a cool and hip investment scheme to get rich. The pitch is about keeping your money when the economy implodes.
>>61149487So basically anyone born after 1990 will always be turbo poor thanks to inflation…fuck this fucking gay ass “monetary system”
They didn't seize shitYou really think they weren't the same chicken shits trump is now?
>>61147702Damn leprechaun hands typed this shit
>>61145016One notable case involved Frederick Barber Campbell, a New York attorney who had over 5,000 troy ounces of gold in a Chase National Bank account. When he attempted to withdraw it, the bank refused, leading Campbell to sue. He was subsequently indicted for failing to surrender his gold, but the prosecution ultimately failed due to a technicality—Executive Order 6102 had been signed by the president rather than the Secretary of the Treasury, as required by law. Although Campbell was not convicted, his gold was still confiscated, and the federal government's authority to seize gold was upheld
>>61146387free john!
>>61147175im sure you can find a totally real one on aliexpress for $20
>>61144954Still not buying your shitcoin
if SHTF to the point where the government starts seizing gold, then what's stopping them from seizing virtually anything? who's to say YOUR portfolio would be safe, but not mine?keep in mind 1933 is not a precedent in this case, because the dollar is no longer backed by gold the way it was then. it wouldn't serve as a currency stabilizing function, it would be arbitrary robbery no different from the state seizing your house or your wallet at gunpoint. if the government starts grabbing gold it means your society has already collapsed
>>61149164“Allowed to own gold”. Said in America. Just unbelievable.Fren, I’d pick up a rifle over that. Not in Minecraft, no edginess, that’s just the limit.
>>61149343real life is not a hollywood movie.even in communist cuba black markets thrive
>>61146888Absolutely nobody acknowledge these trips.
>>61151677Imagine trusting a Bank with your assets, assume anything not in your hand or ass belongs to someone else.
>>61154283stop whining fag
>>61144954>>61154649This. Only cucks and retards would give up their gold or other physical assets to the government or let banks hold them. Government ain't getting shit.
>>61148907Hahahaha Who do you think is going to enforce this prohibition? Local LEO? They will nope the fuck out at the first drop of blood. And the Feds won't have anything to pay their agents with except funny money. And even if they did, they will be less effective curtailing PM black market than they have been with the black market in drugs - meaning totally ineffective. But none of this is going to happen because EVERYONE will be using silver as money. Including the police.
>>61144954It isn't communism if it is for the good of the big banks right?
>>61144954If the government's money becomes worthless, how will they pay people to go around and confiscate precious metals?Also, if confiscation is sooo effective, why are there millions of pre-1933 US gold coins on the market today?Maybe the whole confiscation idea is just another desperate FUD attempt by cryptofags whose even less-tangible-than-paper "wealth" is in extreme danger of disappearing if the public stops putting money into their pyramid schemes. Maybe it's projection, since crypto can be made completely valueless and nontransferable by just one executive order and a few keystrokes.Both gold and silver are up again today, by the way.
