So should we return the gold? Why/why not?
This is the kind of meme the financially illiterate make.Outpacing inflation with your savings is so easy that a child with down syndrome could do it.
>>221818027there are better ways to fight inflation and generate more goldinflation isn't theft to you it's supposed to be theft for the uber rich because without inflation they sit on the money and the economy crashes inflation forces you to invest and not make dragon hoards and not supposed to affect anyone who is worth less than 1 million USD in today's money if it's at 2%
>>221818067Ah yes, and finding a job is as easy as going to office(any office), firmly shaking the managers hand while looking him im the eyes and saying "hire me, because I'm ready to work hard". Right, granpa?
>>221818095The uber rich just have their money in """"investments"""" that do not produce anything worthwhile.
>>221818145The "uber rich" have their investments diversified throughout the entire economy so everything of use or superfluous that gets made is invested in by them
>>221818145invesments produce something worthwhile unless it's some illegal venture that isn't taxed>>221818121no really outpacing inflation really is as simple as asking your bank manager for an investment account and having them manage it for you
>>221818175>bank manager1950's called
>>221818175>invesments produce something worthwhile What does crypto produce?
>>221818175>simple as asking your bank manager to manage it for youThen you or the child with down syndrome isn't doing it but the professional who manages the account and it isn't so easy since you need an actual professional to do it.
>>221818225This kek. Fixing your car is as easy as telling your mechanic to do it, a retard could manage that!
>>221818027So I did a bit of quick resesrch and found out this is not true, a kg of gold is worth a lot more vs a house today than it was in the 1920s. Also houses back then didn't have heating, indoor plumbing, or electricity, so its not really a great comparison either way.>>221818121So you don't have a job but you think your financial problems are becuase the price of the money you have isn't pegged to gold?
>>221818121You don't need anyone to take you on like it's some sort of job.You open a savings account with an interest rate that beats inflation (guaranteed to do unless you functionally live in a failed state).If you're able to buy government bonds without too much bureaucracy then that's even better.>>221818225They don't manage your decisions, they manage (store) your money.An investment account is a completely different story - you want to not only beat inflation but make a huge additional profit doing so.
>>221818067that's only if you're a retard that believes inflation is 3%, real inflation is closer to 10%
no because it's hard to create money like this
>>221818328The realest of the real inflation is closer to 9000%.If you're going to argue over core inflation, CPI in the US for instance, etc. then you'll have to define "inflation". Inflation as it's normally defined by economists and not thirdies on 4chan is easily beaten.
>>221818225He probably (rightfully) think you're too dumb to open a free account on some investment app and buy a msci all country world etf
>>221818200bank advisor? i dunno what it's called in englishbut that's what i did with my bank>>221818221nothing but i thought we were talking about the biggest thing investors invest in companies stocks crypto is barely 1% of the global investment pool lol>>221818225yeah he said beating inflation is something so simple a downie can do ita downie can open an account with a bank and invest like that
>make /int/ thread>the comments fill with /biz/ discussion>the jannies find out, delete my thread and ban mewhy did you guys set me for failure? I'm very disappointed in you. This is supposed to be a thread about latinxs seething
Really fucking gross how economists talk about inflation all the time. It's such a strange fetish, keep that on deviantart.
>>221818353only if you're a goldlet>>221818483>bank advisor? i dunno what it's called in englishthey go by 'financial advisor', but it's a very low standard qualification and they just sell the banks productsmaybe yours are better
>>221818612no genuinely if you want to lend someone money and it doesnt exist it's really fucking expensive to dig up gold
>>221818656you know that gold advocates usually call for centrally held gold, and then paper money is an iou on it?there's still problems with it, it makes sense for americans to like it more than you guys would
>>221818548We're kinda having an old style gold rush right now, kinda like the wild wild west
>>221818095>it's supposed to be theft for the uber rich because without inflation they sit on the moneyI've seen this hypothesis being thrown around a bunch in 2021 when firsties experienced >5% inflation for a few months, but it's retardedrich people don't have scrooge mcduck moneypits, they have assets, and assets become more valuable during inflationary periods>richfags own houses which appreciate, poorfags are forced to pay ever increasing rents>richfags own cars, poorfags lease them>richfags own businesses that produce yet more appreciating assets, poorfags receive an ever shrinking wageif that little thesis was correct then countries that experienced the most inflation would have the lowest inequality, but that's not the caseI'm fairly sure back in 2021 Elon Musk's net worth was around 250 billion, and now he's approaching a trillionhas your net worth multiplied by 4 in the last few years too?
>>221818027>So should we return the gold? Yes. You need to return the gold that you stole from indigenous peoples to their descendants in North America.
>>221818779>North America.you mean mexico right?
>>221818027that's a 1kg gold barvalued at 150,000usd10 of these is 1.5 million usd. you can get a house for much less.
>>221818739they have assets because of inflationwithout inflation they'd be like scrooge mcduck do you get it? it's not like this didn't happen before it did for most of human history>elon muskhis value is not based on anything economically rationalhis stock's value is from reddit and other shit as tesla barely produces anything worthwhile >has your net worth multiplied by 4 in the last few years too?it has but that's not relevant to the discussion of the average person
>>221818095But (((investments))) cause inflstion. Property and hpusing is expensive because the rich use it for investing. Same with enshittification and price hikes in products. Its caused by public companies doing everything they can to increase revenue and pay out dividentsOnly the rich can invest peoperly and it gives them more money and growth than if they just parked their money like scrooge. And the goverment uses tvis as en exuse to massively tax the plebs and kill upwards mobility all thw while forcing them into the jewish scheme that is financial services
>>221819010i am against housing being an investment thing personally but that's not what rich people use for investment i was talking stocks companies and other things of that nature>Same with enshittification and price hikes in products. Its caused by public companies doing everything they can to increase revenue and pay out dividentsit's also caused by monopolies because america is the biggest economy on the planet and it has very shitty laws to protect consumers
>>221818686why would americans like it more? their current currency mafia is robbing the entirety of the world while they produce absolute fuck all>and then paper money is an iou on it?yes dumbass that's how it used to work and central bank had a massive fucking problem getting more gold to owe to peopleif anything that is exactly what fiat opposers DONT want. Abstracting from the fact that central banking may or may not be cancer that killed the west even before ww1 and directly caused weimer republic. but i havent thought about it enough to have strong opinions on it.
>>221818027No, today's economies are too complicated to be backed with gold. It was fine before when not much stuff was produced but it's not practical today.
>>221818175Does it takes into account the state's cut. It's about 21% of whatever the profits the fund would manage to achieve in my cvnt.
>>221819076stop trying to sneak in silver with gold lolit's literally a byproduct of mining >>221819723usually yeah they do and most of the time you don't get taxed if it's something like a retirement fund etc
>>221818707I heard about chinese companies ravaging Bolivia, but nothing about Peru. It's more like individuals mining the gold themselves?
>>221818937Ok, more like 5 bars. You don't know how batshit insane houses have became.
>>221818027But without the artificial driver that rapes your savings, how can the poor companies sell you things you don't need? :'(((((
