>Crypto works well for exchanges and has utility as a currency.>Stonks allow you to own shares of a company that generated revenue and profits>Property generates cash flow though rentWtf does gold do?
>>62325112>Crypto works well for exchanges and has utility as a currencyStablecoins might, but even that seems to be overengineered BS. The rest is a gambling fad.
>>62325112>Why is gold valuable again?everyone wants it, you'll understand if you hold some
>>62325112it's highly desired because it's difficult to get. This is a self-reinforcing cycle that's been going on for several thousand years. that by itself isn't reason to value it though.the actual reason it's valued is because anyone can go out and get it. Like say I have the opportunity to go get a pound of gold every year just by myself working the dirt. Then to me it's worth encouraging the belief that it's valuable, right? Nobody that mines gold wants the price to go down, and lots of people mine gold. Like there's far more people mining gold than there are people working at walmart. because of that they're not going to sell their product for less than market rate, even though pretty much every other product in the world wholesales for far below market.anyways it's not important. The value of gold is very simply because it's valuable, and you don't really need to understand that. It's just how it is
>>62325155Oh. So it's valuable because people like touching it?
>>62325112In the same way it is costly to mine bitcoin, it is also costly to mine gold. Gold does not tarnish. It is used in electronics. It's a pretty neat metal.
>>62325348Yeah kind of like with tits and pussy.
Gold is actually private
>>62325827combo breaker
Why do zoomzooms and boomers want to make imaginary numbers actually be worth something when something of worth already exists and you can touch it? Shitcoins and stonks are literally nothing. Property is for creating value and has an inherit value because of that, but it should not be inflated else nobody except a few will own it.Gold and silver are money.
>>62325112Gold is a monetary asset hoarded by central banks because they don't have all that much trust in the USD. You may not want the central banks of the world to consider gold sound money, but they do.
>>62325112Cuz it measures value
>>62326220Zoomera don't own anything. They use rideshare and don't own cars, stream all their music and movies etc. They rent and don't own property. They can't comprehend actually owning something physical.
>>62326309Crypto is also a very new concept and basically still an experiment while gold has been the standard since ancient history.
>>62325112Its chemically inert to oxygen in the air so basically eternal.
>>62326220>Gold and silver are money>>62326309Central banks of the world to consider gold sound moneyBut why?
>>62326745Because it has been money for thousands of years. It just works well for that purpose. Inert, easy to work with, fungible. Fiat money always dies. Crypto has similar properties and can try to replace it, but it has its own risks and other issues and not much history. No central bank is in a rush to replace their gold with crypto because gold still serves its purpose.
>>62325112>>62325348>>62326745thounsands years old trust
>>62326799Ah that makes sense. It's value comes from it's properties that make it useful as a currency; transferable, fungible, rare, practically impossible to counterfeit. A bit similar to why people value cryptocurrency l.
>>62325112Gold is artwork produced by the universe itself during supernova nucleosynthesis, neutron star collisions, and magnetar flares.
crypto is terrible as a currencyyou'd want something fairly stable for a currency
>>62325112You’re comparing investments to money anon. A stock’s job is to generate profits. A rental property’s job is to generate rent. Gold’s job isn’t to produce cash flow. Its job is to store purchasing power across time.Your house doesn’t “do” anything either while you sleep, yet you’d rather own the house than a pile of melting ice cubes or rent. Gold is monetary ice that doesn’t melt.The real question isn’t “what does gold do?” It’s “what asset can sit idle for 50 years and still reliably buy human labor, energy, food, and assets on the other side?”Gold has spent 5,000 years answering that question.Money is not a productive asset. Money is the asset productive assets are priced against.Gold’s entire value proposition is that nobody owes you anything. No tenant. No CEO. No government. No exchange. It’s an intrinsic feature, not a bug. That thinks like FIAT and Crypto have tried to mimic and improve. But so far have failed. -Stored purchasing power across time.-Transferable economic value across generation of family.-Universally/globally recognisable monetary asset.-Politically neutral asset with no issuer or counterparty (can’t weaponise)-Settlement asset that extinguishes obligations rather than creating new ones. FINAL SETTLEMENT!-Highly saleable and liquid store of value on a global scale.-Low-trust claim on future resources, requiring no promise from a government, bank, corporation, or debtor.-Gold never bankrupts
I thought there was a good joke yesterday posted by some wit on SMG that distilled the current difference between gold and crypto “coins”. >Gold and Silver plummet 75% as Hacker Labs discovers a major bug in the metals that went undetected for years, that allows an attacker turn Lead into Gold and Tin into Silver.
>>62325112>>Crypto works well for exchanges and has utility as a currency.No, it doesn't. The amount of people actually using crypto as a currency, that is a medium of exchange for goods and services, is so vanishingly small that it might as well be non-existent.
the moment asteroid mining becomes a reality gold is going to 0the only thing government cant print more of is bitcoin so i guess till then gold is fine
>>62327431Can I see one of these missions? The plans? The nugget asteroid? How long to reach it? How it will be mined? The cost analyses?
>>62327337So definitely not usd then
It feels nice in the hand. With something this old, you should assume that the value comes from something anthropological.
>>62325112Gold is the King of money.Silver is the Queen.Fiat is nothing.Crypto is a clown.Companies generate fiat.Properties are traded in fiat.Gold is eternal.
>>62325112Same kind of question as why should we wear clothes.
>>62325112Is dense, is shiny, has the color of the sun, it doesnt corrode and is scarce.
>>62327524Violence is the god emperor of value.
Gold has had many application in history in many sectors. Medicine, dentistry, technology. Plus it's beautiful and does not tarnish or corrode. Gold has intrinsic value.
>>62325112it's valuable because mentally ill dying fossils still think it has value and it can be used as money at the store
>>62327414still vastly superior to those using gold as a medium of exchange>>62327720intrinsic value doesn't exist, value is subjective>>62327377>Politically neutraldebatable in the current times considering it requires a third party to be used as money>Gold never bankruptsits monetary premium can vanish which would lower its value by a lot>>62326220because gold is the reason why fiat was allowed to exist due to its limitations>>62325337circular logic, gold is valuable because it has been the #1 money for millenias, but it has limitations in our era
>>62325112>>62325155>>62325348>>62325827/thread
>>62327742
>>62327742Intrinsic value exists.I am a dentist so I can speak more in depth about that. Gold is easy to work, malleable in extremely thin sheets unlike any other material, not subject to corrosion, bimetallism or toxicity. The speed it wears out by chewing is extremely close to natural teeth tissue and to this day there are no material which can replicate that.Likewise it has extraordinary applications in other fields.All of this gives it value. You cannot deny it with subjectivity. You cannot make a filling out of shit because you subjectively like it more.
>>62327767no, value is always subjective. you meant utility. that is useful for you. you might like gold for teeth yourself, but if all of your clients hated the color or would find it way too expensive for the extra advantages (this is my case) then it would be of no use for your work. value is subjective and offer and demand creates the price, if no one consider gold as useful (hypothetically) then it would have no value. gold have industrial use, around 10% of its current value. 90% of it is monetary. your use of gold does not justify the current value of gold. and we have no guarantee that all of the industrial uses of gold won't be replaced by a superior material in the future. the utility you get from gold is not the same I get from it. for me gold is completely useless. >>62327764retards always fail to defend their retarded opinions
>>62327801>too expensive for the extra advantages (this is my case) then it would be of no use for your workIt would be useful for his work that could actually be afforded by people. Just because you are poor does not mean the best tools cannot exist for people who are not
>>62327823you can be wealthy and still consider something is too expensive for what it brings, this was not the subject, it was a thought to understand how value is subjective and how utility can also depend on the people, there's no objective truth to it
Gold has been hoarded by banks and they use it to collateralize the money supply. They then dilute the fuck out of it and create massive credit based wealth-extraction schemes and then they declare bankruptcy on all of the "assets" you think you own by revaluing gold. All of that gold should be in coinage and be in circulation so they masses actually own it.
>>62325112It's shiny.
>>62327851the fact that gold real supply relies on audits, cannot be known for certain and is slightly inflationary, and the fact that its use as payment relies realistically in the use of a third party, opens large areas for centralized and undetectable abuse at first glance, only when it is too late to take back power, that's why banks love gold
>>62327801The current value is greatly influenced by speculation, that is true.However gold has intrinsic value because even if you can't afford it it would have those propreties on your teeth
>>62325112>gold atomic code arranged by god>bitcoin electron state sequence arranged by jews
>>62328034again, utility is not value. if the supply of gold would x100000, the utility would be the same. the value would not. if a material would be found and would replace gold for teeth in every way, it would be useless for that purpose. value is always subjective, only individuals can appreciate if something have value or not. nothing intrinsic in that.
Gold has survived every tyrant, disaster, war, genocide, financial collapse, societal collapse for thousands of years. Despots actually hate gold and have tried to replace it for thousands of years, but their designs always fail and society always reverts to gold because it is a perfect bedrock of a store of value. Gold isn't valuable because everyone chose it to be. Gold is valuable because everything everyone has tried to choose has failed. For thousands of years. It survives everything.
>>62325112Gold doesn't rely on electricity, an internet connection, or foreign miners. Also, you can't create five million variants of gold out of thin air.
>>62325112Gold makes expensive jewelry
>>62325112Gold is the archetypal zenith of material possession. Its color is unique among metals, it doesn’t harm the human body, its weight communicates value to our subconscious minds, it doesn’t change over time, its malleable enough to be made to represent any 3D form, it exists in quantities that make portable quantities feasible as a media of exchange, and women like jewelry made from it which links it to the core driver of all life and commerce: sex.
>>62325112Gold is money the ultimate money , gold is not a counterparties liability.If you dont understand gold you don’t understand moneyIf you don’t understand money you should definitely not be investing
>>62325112Gold has been money for most of the world for most of history. Money is the single most useful commodity there is. That's it. Gold buried 3000 years ago and dug up today is still valuable. It is enshrined in myth, literature, poetry, history, song, and children's stories. Gold MEANS value.
