>hello my good post-civilization collapse vendor i would like a coke>sure that'll be $1.35>okay my good man, i've got this bar of gold, the only real money in the world>sure, just shave off 0.00096 ounces into this laboratory weighing scale pleasedo goldfags really?
>>61159532There's these things we invented thousands of years ago called "coins".
>>61159532gold is a store of wealth. The only true and tried store of wealth in human history. You can barter for your sugary drinks, I sure as hell won't be trading gold for a carbonated drink filled with synthetic fructose.
>>61159558>gold coin for a coke
Sir, you don't use bullion for purchases. You see, there are these things called "coins" that are produced and standardized by entities called "mints".
>>61159583If only there were other metals worth less that could be traded for less expensive things
>>61159619so we should invest in bronze?
>>61159532silver solves this
>>61159532retard, smaller transactions are with silver and copper coins.If you look at prices during the gold standard, you paid that shit with 6 silver quarters, and a few copper pennies and a silver dimes for change
>"here, take this IOU"
>>61159636Gold = large transactions (land, house, car, boat)Silver = average/small transactions (groceries, goods, services)Copper = change to break down silver (small transactions)thats why boomers always talk about how houses cost 10k and a full cart of groceries was 20 bucks, and a soda and hotdog at a gas station was 1.25 because there still was a fucking gold standard in their time.moron
>>61159683Actually unreal that gold was pegged to $35 for so many years
>gold is money>actually we need cheaper denominations, so silver is also money>also uh, copper is money toolmao.
>>61159748Actually unreal we didn't need to pay interest to jews just to have a currency for hundreds of years
>>61159776>>61159680>carrying this metal around is kind of inconvenient, what if we just get the bank to hold it for us and start carrying the IOUs from the banks around?
>>61159532you had 10 years to buy gold, hell you had 20 actually
>>61159851you literally had 60 fucking years actually (since the dismantlement of the gold standard)
>>61159776Been like that since -600BC, problem?
>>61159866where are you supposed to keep all your money?in your house?wouldn't every house become a target for theft as soon as people went to work?
>>61159882Idk, how ppl did for 2600 years of coins hodling?
>>61159895I believe they got robbed a whole fucking lot.If I got mugged I'd lose my phone and wallet not my life savings.
>>61159882probably because their societies were homogeneous. The punishment for theft was severe, and they didn't have millions of third world migrants and nigs roaming around preying on them. Its funny, we forget that such great civilizations lasted for thousands of years because of these things
>>61159558>your local roaming warband demands you give them ur gold coins or theyll shoot youNo thanks
>>61159532I literally and unironically do this for certain transactions. Most shops around here accept it as payment. It just works dunno what to tell you my man.
>>61159532Why wouldnt this work? Imagine you just carry a small nugget of gold and instead of POS devices we have small drills or chomper like devices that always extract exactly 0.01g of gold (around 10 cents). Would be based
>>61159935how do I un-watch this
>>61159796>Actually, carrying all these papers around is tedious and inefficient. What if I send an electromagnetic signal to the bank telling them to pay you?
>>61159943you'd need to also carry your own calibrated weightset around because the temptation to make the scale read low would be great for the shopkeeperand then you'd have a bunch of weight arbitration disputes you're also going to discover why official weights and measures offices have been such a big deal throughout history
>>61159794That's what happens when you run deficit after deficit
>>61159976oh yeah, AND, the shopkeeper would need to do XRF to make sure it wasn't watered down with silver or mixed with tungsten powder or somethingand even then it might be hard to check it was pure gold all the way through
>>61159532Gold as a savings and silver as a checking acct
>>61159532>he doesn't know what gold certificates areWhy do you pretend to be retarded?
>>61159532No one but a few lunatics buy PMs to be prepared for post civilization collapse so your post doesn't make any sense. You trying to argue with lunatics?
>>61159796Yes that's what gold/silver people are advocating for and there's nothing wrong with it
>>61159532Goldfags also have silver, which is easier for small purchases. Like how in MMORPGs you have 100 silver per gold. Duh.
This will be the 600th time humanity has returned to using gold after collapsing a currency and we have become exceedingly efficient at it.
>hello my good post-hyper inflation vendor I would like a coke>sure that'll be $1.35 of newUSD or 4 billion dollars of oldUSD>it's okay my good man, most of my wealth was in gold, so I was able to exchange some for newUSD to make small purchases like this>that's great friend, gold has value wherever and whenever you go, you'll always be able to convert it into any currency you need
>>61159583If only there was a fungible, readily available, but finite supply of a metal somewhere that is intrinsically valuable but less so than gold.... >>61159776>Gold is moneyNo it's not and no one said it did. Gold stores value. >Silver is moneyYes, silver fits all the qualifications to be money>Copper is also money. No, copper is monetary. You really need a dictionary because your vocabulary sucks. You use the word money for everything. No wonder you are confused. You lack the required lexicon needed to form complex concepts.
>>61160082>mr. noseberg has set up a new kind of bank which will let us borrow IOU's at very reasonable interest! finally we can afford our very own hovel
>>61160162Closer to. >I would like a coke>Sorry sir, that's not available. I have brown soda water with sugar, taste just the same and it only cost 2 nubucks! >Me "accidentally" dropping a Merc. >Oh! I am sorry sir, come in to the back with me for a moment. >How many cases would you like sir? I'm sorry but you have to take at least 5 as I don't have change that big.
>>61160162wholesome
>>61160186history always repeats, why resist?
>>61159532COKE is no longer manufactured you seethat will be 11 billinon dollars I will also accept a bar of solid gold
>>61159532Tether Gold fixes this.
>>61159581What wealth? if you can't exchange gold for goods and services then it is not really wealth.Instead of hoarding gold for the inevitable(?) currency collapse, just go on a spending spree, stock your house with actual high-end goods that has value to you. A telescope, stainless steel knives, furniture, paintings, that has real barter value.
>>61160229>>61160186That's not what full reserve banking is, you absolute fucking retard. The gold certificates must be backed 1=1 by the actual asking of gold the bank owns, otherwise it's fraud.You nazi shit eaters are so economically illiterate it's unreal.Also lending money at interest is fucking based and even the nazis did it lmao
>>61160308>actual askingActual amount*
i though about how only physical gold as currency would work. i think in such a situation people would come up with little pez dispenser thingies that push out little 0.01-0.1g pellets or foils of gold. foils can be made extremely thin to the point where you can cut few bucks worth with scissors too. but realistically, silver and copper solves this. metals like platinum and iridium would also be stockpiled as a store of value. even more realistically, post fiat future will be both metal and crypto. prepare for XAU-XBT.
>>61160016Deficits after deficits is what happens when the people who print your currency have an interest in interest
>>61159532there was no reason to ai generate this image
>>61160298>Gold has no barter value broooooos>In my fictional Mad Max apocalypse that I made up in my head (while ignoring every real financial crisis and war that has ever happened) Lord Humungous and his band of cannibal raiders will never accept gold coins! >This telescope and painting will DEFINITELY be barter material in the post-apocalyptic hell lands!Now you are just being a retard
>>61159532>hello my good post-civilization collapse vendor i would like a coke>sure that'll be $1.35>*pulls trezor out of ass*>ah there it is, where do I plug this in?
>>61159683They don’t know that’s the reason tho. Maybe 85% of MAGAfags don’t even understand gold is supposed to back the currency.The left is totally correct about “income inequality” they just have no idea how it’s happening. MAGA will say “go get an education to get a better job, or work harder.” Not understanding that a cashier in the 60’s was making the equivalent of someone making $30-$35:hour today in terms of purchasing power
>>61159532In the sort of situation you're describing none of this matters.That's why gold bugs are so fucking retarded. The only good investment for a situation like that is a picrel (that you don't tell ANYONE about and build yourself) and 3-4 years of food supply. There are 400 million people in a country that supported a few hundred thousand without giga-industrialized farming.If what you're talking about happens the only way to survive would be to hide in one of those or join a tribe in which case all your property will be held in common anyway.>I GOT MY GUNS COME AND TAKE IT!they willanyone who's ever played an mmo knows loot is shared in the clan and a solo player gets wrecked in the anus by a clan, except irl there are no respawns.
>>61160601Well sure, in a worldwide total and complete collapse of society and economy, you’re best bet is the three Bs(Bullets Bunkers and Beans). But there are a lot of stations between “everything is normal and fine” and “let’s head down to the vault and try this again in 219 years”
>>61159532Youre the dumbest black gorilla nigger
>>61160162>imagine having such a high trust culture people are just intrinsically nice to one anotherI'm so tired bros
You are all wrong.If the hellscape you guys imagine actually happened everything is worthless, food, water, shelter and tools (including weapons) are the only thing that actually retain value. Not because you can trade because am I fuck trusting people in that situation, but because they keep you alive. If fiat were to go to zero, it would be like the Venezuelan crash. Yeah money is worth basically nothing but it’s not the be all end all. Pms have purchasing power yes, but not in a huge scale. It won’t be the new money.It’s not like the fiat for every country on earth would all crash at the same time, right? Nuclear is very unlikely to happen considering no one wins. That’s why cyberattacks, mass unchecked illegal migration, and economic warfare are so prevalent. You don’t destroy a large country with wars anymore. (As in large allied countries).
>>61160379You literally use paper and digital gold certificates.This is how it always workedWhy is everyone here so historically illiterate?
>>61159532>cross checkpoint>”heh give us all the gold you’re carrying”>”all I have is this mere coin, sir”>”good, now hand it over and be on your way”>continues on, *smirks*>they always forget to ask for the cold wallet…>*pulls it out at destination and unlocks using photographically memorized seed phrase on account of my superior intellect*>mfw just successfully transported 100 gold bars worth of money with zero trouble using a superior form of value storage
>>61160180>Yes, silver fits all the qualifications to be moneyExcept being accepted as money by anyone, huh smartass?
>>61160180>No it's not and no one said it did.And obviously gold and silver and even copper all have the potential to be money. Gold for big transactions, silver and copper for mundane ones
>>61159532Not just that>Well IDK man I don't think .00096 ounces of gold is worth $1.35, I will take .001 though. We'll have a deal then.>No that's too much; .00096 oz gold per coke is a fair rate right now>haggling ensues>finally agree on a price>gold is so soft that simply handling it and cutting some off will mean some gold dust and small slivers of gold will be lost on each transactionsorry gold bugs. there is a reason every economy in history has alloyed gold or resorted to paper representations of gold.
>>61159532This has to be the most retarded shit I've seen for months at least, good work anon
>>61159935why would you exchange your gold for things instead of fiat ?im holding most of my net worth in gold, and when i want to buy something i use fiat for that
>>61159776yes?
>>61159949>You know what, its stupid to have the maximum size of our economy arbitrarily limited by the availability of a single type of metal, why not just under our currency from gold entirely?
>>61161136Because then you have to go deeper for primordial value. Beyond gold is just raw state violence. That's what it actually means to return to monke
>>61160801Dumb,If the US economy collapsed, all economies but Russia and North Korea would collapse as they all owe each other money. But not as whole countries but as many different credit lines to different people
>>61161160that's why I always said bitcoin was phenomenally good value for the energy usethe thing you should be comparing bitcoin to is the US military
>>61159532silver dumbass, and white people dont buy 1 coke. were buying the 24 pack or something
>>61159532Nah. It's worse. They imagine there to be some sort of entity that measures/equaizes it. Which is the exact same as what we have. No mercy
>>61160308You know the nazi jokes only gained momentum in the first place because Jews got the most butthurt about the jokes.
>>61159796>>61159949>>61161136lmao
>hello my good post-civilization collapse vendor i would like a coke>sure that'll be $1.35>okay my good man, i’ve got this bar of gold, the only real money in the world>sure, just shave off 0.00096 ounces into this laboratory weighing scale please>*goes to coinsmith* here's your gold bar in the form of coins>actually gold coins are kind of difficult for smaller purchases, what if we use silver for the smaller stuff?>sure, but now we have a bimetallic system, where exchange rates between metals change daily, and everyone argues which metal is “real money”>well, whatever it's better than the alternative...>actually carrying sacks of metal is dangerous and heavy, what if the coinsmith holds it and gives me a receipt?>okay, here’s a nice handwritten IOU from the coinsmiths saying you can redeem your gold anytime>Wait, now everyone wants the coinsmith's IOUs instead of gold and silver because it's more convenient>coinsmiths realize they can issue more IOUs than they have gold because nobody actually redeems them>coinsmiths now wearing small silly hats and calling themselves "financial institutions">trust us bro, we definitely have the gold in the back>government sees this and says "wow that’s our job now">introduces national banknotes backed by gold reserves (now with nice portraits of dead politicians)>starts a big war and realizes they need more notes than gold available>"temporarily" suspend convertibility. totally temporary>after a while people forget what convertibility even means>the IOUs are now promises for other IOUs.>but everyone keeps using them because the economy runs on inertia and vibes>Bretton Woods: "let’s peg everyone’s currency to the U.S. dollar, and the dollar to gold. one ounce = $35"fractional reserve banking unlocked! infinite paper = infinite prosperity!>trust us, we have so much gold>Nixon: haha actually we don’t. closing the gold window, good luck
>>61161327>now the IOUs are just… IOUs for more IOUs.>the numbers in your account represent a claim on… numbers in someone else’s account>the entire global economy runs on collective belief in database entries>but don’t worry, it’s backed by the full faith and credit of a government that’s $30 trillion in debt>computers go brrr and suddenly everyone’s rich again, until they’re not>people start buying imaginary internet coins because they miss when money was shiny>It’s decentralized bro, no one can print more!>ten thousand identical coins later>now your grocery store accepts stablecoins, which are digital IOUs backed by dollars, which are IOUs backed by nothing>some guy invents NFTs so you can finally own a receipt for your monkey picture>central banks panic and invent :CBDCs": government-issued database entries pretending to be innovation>people still just use tap-to-pay because it’s easier than thinking about any of this>economists hold a conference to argue whether money is "real" or a "social construct">meanwhile, someone’s grandma is paying her rent through 14 layers of abstraction>the world economy is now a matryoshka doll of just-trust-me-bro certificates, institutional promises, and JavaScript queries>so anyway, my good post-civilization collapse vendor, I’d like a coke>sure thing, that’ll be one social credit token, please
>>61159683>boomers always talk about how houses cost 10kmy grandpa told me that a house used to cost $3000 and he made $1 an hour at that time
>hello sir i would like to buy one slice of bread but all i have is this 100kg bar of gold>would you like me to put it on your tab sir?>ok>upon leaving the slice of bread store I get robbed by Niggers because I live in Americauhm Goldchads?
>>61160851>Except being accepted as money by anyone, huh smartass?>Where do I put the coins on my hard drive anon!!! There are places to buy things outside of Amazon and Walmart anon. Take some silver down to your co-op or green market or butcher. Or your landscaper. Bet silver is money. The oy thing silver can't buy is goyslop.
>>61160870You need to learn the requirements of money.
>>61161124Copper stinky though.
>>61161327Redstone solves this
>>61159532>worked through the collapase of the roman empire, wars, the black plaque and all of human history>somehow will stop working nowretard
Digital nothing burger troons coping hard right now.
>>61159949>Actually I'm just going to live in my parents attic until I'm 70 and eat whatever food appears in the fridge or what fast food they pick up on the way home from work
>>61161202>Which is the exact same as what we haveLmao you have downs syndrome
>>61162255They don't even understand how historical gold standards worked.They don't even careThey're just manipulative liars
>>61159532>okay my good man, i've got this bar of gold,this is where you ask him to throw in his two finest virgin daughters and some live stock for a clean 1/4 oz
>>61160308Yet almost the entire gold market today is backed by gold that doesn't exist and you don't give a shit.Interesting huh.
>>61162621Untrue
>>61162621>backed by gold that doesn't existhu?
>>61161346My time playing skyrim could have bought me a house
>>61160016You literally can't though. Which is why they left the standard.Luckily Ripple invented the new standard.
>>61159976Ok how about everyone carries a spool of thin 0.2mm diameter gold wire with markings that are always equal so you know when you're paying 10cents (that would be around a milimeter of wire)The modern wallet becomes a carrying enclosure that automatically counts the markings as you unroll. Now how to combat forgery? The only solution i can see is government issued spools of wire sealed with barcodes engraved into the wire itself that is checked upon transaction
It do be like that.
>>61159532You must be a retarded Zoom Zoom. Ill never understand how the zoomie gay tards got such a huge ego and believe they know better than thousands of years of human history.You will be the first to die in any kind of societal collapse unless someone else kills you because we all know zoom zoom are scared of actual violence
>>61160235Then buy coke stonks and coke will be manufactured. Better buy your own machines and manufacture it yourself. Errythings better than owning rocks.
>>61160229because it doesnt have to.
>>61159532Someone on Steven Goyder shilled Goldbacks. idk I guess you can just get extremely paper-thin strips of gold
>>61161774>Take some silver down to your co-op or green market or butcherretarded rural bumpkins trading shiny rocks lmfao>this is real money>you cant use it in any commercial hub or city with a population over 500>it also loses value relative to fiatthis is literally an IRL shitcoin. no mass adoption, only accepted by a tiny insular community, and doesnt even outperform the dollarsilverbugs are the proto-bagholder
>>61166118you have to be a shill. there is not a person who would not find it extremely comfy to buy things with silver coins
>>61159532Yes.. yes they do..https://www.bloomberg.com/news/articles/2021-10-20/venezuelans-break-off-flakes-of-gold-to-pay-for-meals-haircuts
>hello my good post-civilization collapse vendor i would like a can a beans>"sure that'll be a bottle of clean water">i have something better, gold!>"i cant drink gold, fuck off">b-but you can trade it for a bottle of water IF someone comes with one later and IF he doesn't have an immediate need for bartering goods like both of us are doing right now
>>61159558any then we invented cash notes, credit cards, and fully electronic payments
>>61167274im a zoomer, theres nothing fucking "comfy" in my life. its all hell. thanks.
>>61167295bunch of spray painted rocks as currency
>>61159532Who is laughing now?Pic related are my life savings. Do not steal.
>>61164560goldkeks on biz want to be more like 3rd world lmao
>>61166118>only accepted by a tiny insular community,I love that you have no idea my community even exists. You're like those niggers that laugh at white kids in school thinking you're winning while millions of white peopleare homeschooling in record numbers to get their kids away from you.
>>61159532No as soon as it is known you have precious metals you will be killed by a massive army of desperate people.You are supposed to spend a year living like everyone else, working like a slave for almost no pay in metals before slowly having a bit more to spends>>61159796"this time we will make sure to not depeg away from gold and everything will work out"
>>61159583gee if only there was a thing called silver
>>61159904>>61159895>>61159882When my great grandparents lived in Weimar Germany, they buried a ton of jewelry and carpets in the backyard because they knew the currency was collapsing and they must have been worried about getting robbed
Ngl I feel I could sell copper at a higher price than gold during the apocalypse and would probs hoard the fuck out of that. Screw shiny gimme that moss blue
We're not going to get a new apocalyptic Wild West where you get to prance around the crumbling cities and trade some gold flakes for a pint. You're going to go into the vr pod and you'll be tube fed live beetles.
>>61159532>be in Warcraft>lets see, we have copper, silver, and much later, gold>full suit of mail for less than one gold
>>61159935kinda shidded panz
>>61159558>selling your precious post-apocalypse coke for shiny coinsI shogun diggu
>hello my post-civilization collapse vendor i would like a coke>sure got anything to trade?>yea I have gold>oh I'm sorry I cannot accept, you see, I'm not faggot that needs shiny rocks in the post-world to feel something
>>61168268Jeet
>>61172050Jeet
>>61159636Nigger have you paid attention to any medieval or fantasy setting everCopperSilverGold100 copper coins is a silver100 silver coins is a gold100 gold coins is infinite girlfriends
>>61159532God this all sounds annoying. Why can't we have something that's as scarce as gold, as untethered to institutions as gold, while also being really easily divisible? Seems like it would solve a fundamental problem of storing value if a technology could do that.But alas, guess I will just get a gold shearing knife or something
>>61172045>Yeah, I propose we set up another tent where we argue how many chickens a haircut is worth for 3 hours>What do you mean we're being raided by people who were 30x more efficient than us?!?!
>>61159636>so we should invest in bronze?When ZEC and LOCK are sending hard? make your pick
>>61168360Well I am a zoomer and I have to say you're wrong
>hello post collapse vendor i would like this can of tuna>ok sir that will be 1 silver piece >uh actually retard i am going to pay for it using this physical bitcoin, you can trade it for fiat paper currency when the electricity comes back on>ok sounds good man, heres your tunaWas that so hard?
>>61172992cowrie shells unironically solve this problem (provided you're a long way away from a natural source of cowrie shells)
>>61172999kekthis turned into a genuinely educational threadyou can see the problems of divisibility, coinage, weights and measures, efficiency which made the present financial system inevitable, despite its shortcomingsthanks for participating anons
>>61161160>Beyond gold is just raw state violence.Perhaps we should start a murder-backed coin called murdercoin.1 murdercoin will get you a professional assassin to kill 1 person you hate.Coming up next, prostitute-backed coins called sexcoins.
>he thinks everyone who holds gold worldwide is a doomsday prepping burger
>>61178884How about cumcoinsI just thought of thisFleshlights will be digitally linked to a proof-of-cum (PoC) systemAfter a cumcoin is cummed it can be spent on pornography or simping
good thing I have this perforated sheet of tiny gold pieces
>>61159532lmao this is how I imagine them just hoarding gold bars in their safe like they’re a pirate or mcscrooge duck
>>61160834>completely open ledger>perfectly traceable to you>exchanges all KYC'd(you)
>>61181701>1 gram a pieceanon, that's still like $130. You could buy a hundred cokes for that. At that point, the cokes themselves would probably function better as a currency.
>>61182542>At that point, the cokes themselves would probably function better as a currencyyes it's called bartering
>>61168497It was fucking hilarious when all those ape NFT links died during the AWS outage. Salt in the wounds for people who spent thousands of dollars on one or two pics.
>>61181701I love my gold and silver combibars>>61182542with and if we have a stable ratio of silver:gold, one gram of gold could equate to a whole silver combibar.
>>61159584ok redditor I'll sell you one coke for your gold coin
>>61159532The form of currency we use will be the least of your worries in an apocalypse scenario. If there is no legal structure then all the gold coins/cans of coke will end up with the biggest baddest cunt who has the means and willingness to take it from youAnd no before you start LARPing in your head it won’t be (you)If you can’t leverage social connections and assert yourself to the top of power structures on easy mode then you’ll be even more retarded and gay when the stabilisers come off. The first people to come across you will kill you for being socially awkward
>>61185467>The first people to come across you will kill you for being socially awkwardy-you too
