[ - ] MaryXmas 1 point 2 monthsFeb 25, 2025 22:52:28 ago (+1/-0)
You are right in saying this is a speculation, not an investment. It will never be more than what it is. If we have a currency crash, it could be very good to hold. At 140k gold prices, an oz of silver might be 10k... So silver might be a good way to enter. The prices of electronics would shoot through the roof.
I don't know if the price will go up or down. It looks cheap because everything else is falling apart ..
I want to know what the common person can do with gold other than sell it.
What makes it so coveted? You can't eat it, can't drink it, you cannot use it in any way other than a sign of wealth, but gold is heavy, it's cumbersome, and I just do not grasp it's usefulness in any application.
🔶 Uses of Gold 🔶 1. Currency & Investment Gold Bullion & Coins – Stored as wealth and traded globally. Gold Reserves – Held by central banks as a financial hedge. Gold-Backed ETFs & Digital Gold – Modern investment options.
2. Jewelry & Ornaments Rings, Necklaces, Bracelets – Most common use of gold. Traditional & Cultural Jewelry – Used in weddings and religious ceremonies. Luxury Accessories – Watches (e.g., Rolex, Patek Philippe).
3. Electronics & Technology Circuit Boards & Connectors – Used in computers, smartphones, and TVs. Medical Electronics – Pacemakers, hearing aids, and high-end sensors. NASA Space Technology – Coated on satellite and astronaut visors for radiation protection.
4. Medicine & Healthcare Gold Nanoparticles – Used in cancer treatment, drug delivery, and diagnostics. Gold-Based Drugs – Treats rheumatoid arthritis (Auranofin). Dental Fillings & Crowns – Biocompatible and long-lasting.
5. Industry & Manufacturing Aerospace – Used in aircraft components for conductivity & corrosion resistance. Glassmaking – Gold dust used to tint glass (e.g., cathedral stained glass). Lubricants & Coatings – Used in extreme environments where oil fails.
6. Scientific & Research Applications Particle Physics – Gold used in experiments like those at CERN. Catalysts – Helps in chemical reactions (e.g., converting CO to CO₂). Thermal & Electrical Conductors – Essential in high-precision lab equipment.
7. Cosmetics & Luxury Products Gold-Infused Beauty Creams – Claimed to have anti-aging properties. Edible Gold – Used in gourmet food & drinks (gold-leaf desserts, liquors).
8. Religious & Cultural Significance Temples & Religious Icons – Used in Buddhist, Hindu, and Christian artifacts. Gold Offerings – Used in traditional ceremonies and tributes. Gold-Leaf Artwork – Decorates paintings, statues, and architecture.
đź’ˇ Gold is valued for its rarity, durability, and conductivity, making it indispensable across multiple industries.
What can you as a normal everyday mother fucker do with it?
Assume this is the times of before christ for instance.
Grid is down, no running water, gotta hunt for food.
What other than nigger trinkets is gold good for?
Because let's face it, gold has remained a commodity for all of time, and honestly in comparison it isn't a valuable as clean drinking water, as manpower, skilled trades, nutrient dense foods. So how in the fuck did mankind determine its value?
Ok, but why? Who and why did anyone consider it valuable? I don't see how shiny gold rock is ever more valuable by common people, or say during the dark ages.
I know the purge siren going off, people value guns, ammo, toilet paper for God's sake. Costco sells little gold bars, no one was picking up gold in 2020 is all I am saying.
Keep in mind when buying gold, the price of gold isn’t really going up, it’s the value of the dollar that is going down. Gold usually retains the same buying power throughout history (sure there are small variations but it evens out over time.)
Buying gold is a good way to preserve your wealth. But as an investment, not so much. If the economy crashes or the value of the dollar goes down the toilet the Venezuelan way, gold will still have purchasing power. As a buy low sell high investment it’s not that good. Unless you’re digging it out of the ground yourself it’s very hard to profit.
FWIW, Stay clear of monetary (minted) and just by bullion. Jump on any silver shot you see. It will be easy to weigh for purchases and save on liabilty for correct change in transactions. Silver rounds are cheaper than silver coin for the same weight. Also picking up junk silver coins adds up. Truth worth is what I hold in my hand
You must have missed my post from a few days ago....
The price of gold, as valued in dollars, is just a book entry at the FED. The real question, is it undervalued against real goods, or not.
To the jews in charge, its value in dollars just a book entry. Can be adjusted on a whim to settle debts whenever necessary.
Here is the exact wording. Section 2.10 Financial Accounting Manual for Federal Reserve Banks.
"The FRBNY accounting staff sends an advice of these entries to the Board. Also, whenever the official price of gold is changed, Treasury adjusts the account and, simultaneously, the deposit account."
The price of gold is set in their books at 42.22 per troy ounce. Yes, 42 bucks.
If the Treasury were to reprice gold to a value that would wipe out US Debt, the price would have to rise north of 130,000 per ounce. That is if we have the gold we say we have as well.
Gold is money, along with silver, and to a lesser extent copper. They are the best 3 items on the periodic table to fit the requirements of the word MONEY.
When the bankers need to reprice their gold as the SHTF, they will, just like that. And they now have the perfect blueorangeman in place to help assist the process. JUBILEE AINT FOR YOU AND ME
Well it will probably price discover on its own eventually don't you think? How would all nations, including one's that have had their gold stolen, or waiting for delivery are going to cooperate on a global fiat scheme to control prices? You expect the dollar to be perpetual?
That’s just it. The entire market has been artificially depressing the price since 1971 solely to keep fiat in use. They’re not going to stop that. Every single country on Earth now uses the same financial system, tied to the same bank (IMF, and therefore Federal Reserve), and no actual money is used for transactions anywhere. Unless an external threat destroys the production side of the economy (supervolcano, Carrington Event, asteroid impact; that’s literally it), they can keep depressing the value of gold forever.
How would all nations, including one's that have had their gold stolen, or waiting for delivery are going to cooperate on a global fiat scheme to control prices?
They already do. They do it because the US military will invade you, kill everyone in your government, and replace it with a compliant one if you refuse. Did you think Gaddafi was killed because he was actually evil? No, he wanted to take the Lira back to gold.
You expect the dollar to be perpetual?
Aside from an external, non-human threat, it already is. They’ve done pilot programs for CBDC in every country on Earth now. All they have to do is fake a stock market crash and everyone will instantly beg them for salvation… in the form of replacing all paper currency with digital-only currency.
I was thinking that about a year back so I did. It was $1800-$1900 an ounce. The question is, how much does it cost, on aggregate, to get it out of the ground. THAT's the long term thing you must know.
The US debt means the value of the dollar is tanking. This will make getting gold out of the ground more expensive which will cause the gold price to rise.
The explosive factor for gold is the veil being lifted off the paper gold scandal, but who knows if and when that will happen.
But gold at $3k is the direct result of three dollar going to shit so it takes more dollars to get that ounce of of the ground.
[ + ] Version6
[ - ] Version6 1 point 2 monthsFeb 25, 2025 22:57:38 ago (+1/-0)
[ + ] MaryXmas
[ - ] MaryXmas 1 point 2 monthsFeb 25, 2025 22:52:28 ago (+1/-0)
I don't know if the price will go up or down. It looks cheap because everything else is falling apart ..
[ + ] HonkyMcNiggerSpic
[ - ] HonkyMcNiggerSpic 1 point 2 monthsFeb 25, 2025 22:34:53 ago (+1/-0)
[ + ] hylo
[ - ] hylo 1 point 2 monthsFeb 25, 2025 22:13:00 ago (+1/-0)
[ + ] Anotherone
[ - ] Anotherone 1 point 2 monthsFeb 25, 2025 21:44:07 ago (+1/-0)
What makes it so coveted? You can't eat it, can't drink it, you cannot use it in any way other than a sign of wealth, but gold is heavy, it's cumbersome, and I just do not grasp it's usefulness in any application.
[ + ] BushChuck5002
[ - ] BushChuck5002 0 points 2 monthsFeb 26, 2025 08:02:15 ago (+1/-1)
1. Currency & Investment
Gold Bullion & Coins – Stored as wealth and traded globally.
Gold Reserves – Held by central banks as a financial hedge.
Gold-Backed ETFs & Digital Gold – Modern investment options.
2. Jewelry & Ornaments
Rings, Necklaces, Bracelets – Most common use of gold.
Traditional & Cultural Jewelry – Used in weddings and religious ceremonies.
Luxury Accessories – Watches (e.g., Rolex, Patek Philippe).
3. Electronics & Technology
Circuit Boards & Connectors – Used in computers, smartphones, and TVs.
Medical Electronics – Pacemakers, hearing aids, and high-end sensors.
NASA Space Technology – Coated on satellite and astronaut visors for radiation protection.
4. Medicine & Healthcare
Gold Nanoparticles – Used in cancer treatment, drug delivery, and diagnostics.
Gold-Based Drugs – Treats rheumatoid arthritis (Auranofin).
Dental Fillings & Crowns – Biocompatible and long-lasting.
5. Industry & Manufacturing
Aerospace – Used in aircraft components for conductivity & corrosion resistance.
Glassmaking – Gold dust used to tint glass (e.g., cathedral stained glass).
Lubricants & Coatings – Used in extreme environments where oil fails.
6. Scientific & Research Applications
Particle Physics – Gold used in experiments like those at CERN.
Catalysts – Helps in chemical reactions (e.g., converting CO to CO₂).
Thermal & Electrical Conductors – Essential in high-precision lab equipment.
7. Cosmetics & Luxury Products
Gold-Infused Beauty Creams – Claimed to have anti-aging properties.
Edible Gold – Used in gourmet food & drinks (gold-leaf desserts, liquors).
8. Religious & Cultural Significance
Temples & Religious Icons – Used in Buddhist, Hindu, and Christian artifacts.
Gold Offerings – Used in traditional ceremonies and tributes.
Gold-Leaf Artwork – Decorates paintings, statues, and architecture.
đź’ˇ Gold is valued for its rarity, durability, and conductivity, making it indispensable across multiple industries.
[ + ] Anotherone
[ - ] Anotherone 0 points 2 monthsFeb 26, 2025 13:48:17 ago (+0/-0)
Assume this is the times of before christ for instance.
Grid is down, no running water, gotta hunt for food.
What other than nigger trinkets is gold good for?
Because let's face it, gold has remained a commodity for all of time, and honestly in comparison it isn't a valuable as clean drinking water, as manpower, skilled trades, nutrient dense foods. So how in the fuck did mankind determine its value?
[ + ] BushChuck5002
[ - ] BushChuck5002 0 points 2 monthsFeb 26, 2025 14:04:31 ago (+1/-1)*
Commerce has existed since the beginning of time, and will always exist. For the vast majority of that time, silver, gold, and copper have been money.
Silver, however, has many lo-tech "off grid" uses, such as purifying water.
[ + ] Anotherone
[ - ] Anotherone 0 points 2 monthsFeb 26, 2025 23:46:13 ago (+0/-0)
I know the purge siren going off, people value guns, ammo, toilet paper for God's sake. Costco sells little gold bars, no one was picking up gold in 2020 is all I am saying.
[ + ] BushChuck5002
[ - ] BushChuck5002 -2 points 2 monthsFeb 27, 2025 09:11:34 ago (+0/-2)
You're going to base your life strategy on what normies panic buy at costco?
Bonne chance, ami.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 1 point 2 monthsFeb 25, 2025 21:32:09 ago (+1/-0)
[ + ] Portmanure
[ - ] Portmanure 3 points 2 monthsFeb 25, 2025 21:12:48 ago (+3/-0)
Buying gold is a good way to preserve your wealth. But as an investment, not so much. If the economy crashes or the value of the dollar goes down the toilet the Venezuelan way, gold will still have purchasing power. As a buy low sell high investment it’s not that good. Unless you’re digging it out of the ground yourself it’s very hard to profit.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 1 point 2 monthsFeb 25, 2025 21:37:20 ago (+1/-0)
[ + ] glooper
[ - ] glooper 4 points 2 monthsFeb 25, 2025 21:00:48 ago (+4/-0)*
No one is looking at it at the moment and it's VASTLY undervalued.
Those cute little 1 Oz "UN trade bars" might come in handy one day...
Don't get kiked though, make sure they are real... The chinese like to do funky stuff with tin and brass and such...
[ + ] texasblood
[ - ] texasblood 1 point 2 monthsFeb 25, 2025 20:29:30 ago (+1/-0)
Stay clear of monetary (minted) and just by bullion.
Jump on any silver shot you see.
It will be easy to weigh for purchases and save on liabilty for correct change in transactions.
Silver rounds are cheaper than silver coin for the same weight.
Also picking up junk silver coins adds up.
Truth worth is what I hold in my hand
[ + ] TheSimulacra
[ - ] TheSimulacra 2 points 2 monthsFeb 25, 2025 20:11:16 ago (+2/-0)
The price of gold, as valued in dollars, is just a book entry at the FED.
The real question, is it undervalued against real goods, or not.
To the jews in charge, its value in dollars just a book entry. Can be adjusted on a whim to settle debts whenever necessary.
Here is the exact wording. Section 2.10 Financial Accounting Manual for Federal Reserve Banks.
"The FRBNY accounting staff sends an advice of these entries to the Board. Also, whenever the official price of gold is changed, Treasury adjusts the account and, simultaneously, the deposit account."
The price of gold is set in their books at 42.22 per troy ounce. Yes, 42 bucks.
If the Treasury were to reprice gold to a value that would wipe out US Debt, the price would have to rise north of 130,000 per ounce. That is if we have the gold we say we have as well.
This man explains it far better than me.
https://www.youtube.com/watch?v=rLtGWYMdy64
Gold is money, along with silver, and to a lesser extent copper. They are the best 3 items on the periodic table to fit the requirements of the word MONEY.
When the bankers need to reprice their gold as the SHTF, they will, just like that. And they now have the perfect blueorangeman in place to help assist the process. JUBILEE AINT FOR YOU AND ME
[ + ] Tallest_Skil
[ - ] Tallest_Skil 1 point 2 monthsFeb 25, 2025 20:04:05 ago (+1/-0)
It won’t be allowed to price discover. Fiat currency is perpetual.
[ + ] TheSimulacra
[ - ] TheSimulacra 2 points 2 monthsFeb 25, 2025 20:14:19 ago (+2/-0)
[ + ] Tallest_Skil
[ - ] Tallest_Skil 2 points 2 monthsFeb 25, 2025 20:41:20 ago (+2/-0)
That’s just it. The entire market has been artificially depressing the price since 1971 solely to keep fiat in use. They’re not going to stop that. Every single country on Earth now uses the same financial system, tied to the same bank (IMF, and therefore Federal Reserve), and no actual money is used for transactions anywhere. Unless an external threat destroys the production side of the economy (supervolcano, Carrington Event, asteroid impact; that’s literally it), they can keep depressing the value of gold forever.
They already do. They do it because the US military will invade you, kill everyone in your government, and replace it with a compliant one if you refuse. Did you think Gaddafi was killed because he was actually evil? No, he wanted to take the Lira back to gold.
Aside from an external, non-human threat, it already is. They’ve done pilot programs for CBDC in every country on Earth now. All they have to do is fake a stock market crash and everyone will instantly beg them for salvation… in the form of replacing all paper currency with digital-only currency.
What did you think Agenda 2030 was?
[ + ] Sector2
[ - ] Sector2 5 points 2 monthsFeb 25, 2025 19:43:33 ago (+5/-0)
[ + ] BushChuck5002
[ - ] BushChuck5002 0 points 2 monthsFeb 25, 2025 22:32:46 ago (+2/-2)
In Weimar Germany you could purchase a stately manor for an oz of gold.
[ + ] registereduser
[ - ] registereduser 1 point 2 monthsFeb 25, 2025 19:14:22 ago (+2/-1)
If you paid me to take it I would tell you to fuck off. Gold is completely useless. For fuck sake, plastic is more useful.
As an investment, it is even worse. Been steadily climbing for many decades. Only the dumbest mother fucker on earth buys when that is the case.
Stop eating stupid for every meal, it is not helping you.
[ + ] BushChuck5002
[ - ] BushChuck5002 1 point 2 monthsFeb 25, 2025 19:20:29 ago (+3/-2)
[ + ] registereduser
[ - ] registereduser 0 points 2 monthsFeb 25, 2025 20:44:57 ago (+1/-1)
[ + ] BushChuck5002
[ - ] BushChuck5002 0 points 2 monthsFeb 25, 2025 22:17:22 ago (+2/-2)*
I have a couple thousand ounces of silver, and enough gold bullion to choke a donkey.
I've been hoarding since gold was $500/oz
You enjoy your CBDC universal income, buddy.
And if you think that makes me a target, I highly encourage you to seek out people like me, and test your luck.
[ + ] FreeinTX
[ - ] FreeinTX 1 point 2 monthsFeb 25, 2025 20:41:11 ago (+1/-0)
[ + ] AugustineOfHippo2
[ - ] AugustineOfHippo2 2 points 2 monthsFeb 25, 2025 19:11:11 ago (+3/-1)
scroll down for interactive chart.
https://www.moneymetals.com/gold-price
it couldn't hurt to buy gold, at the very least it will maintain it's value, and most likely go up. if you have extra cash, i'd say go for it.
[ + ] Questionable_2
[ - ] Questionable_2 [op] 2 points 2 monthsFeb 25, 2025 19:15:04 ago (+2/-0)
[ + ] BushChuck5002
[ - ] BushChuck5002 2 points 2 monthsFeb 25, 2025 19:24:13 ago (+3/-1)*
[ + ] PoundOfFlesh
[ - ] PoundOfFlesh 6 points 2 monthsFeb 25, 2025 19:10:43 ago (+6/-0)
Alternatively, buy ammo.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 4 points 2 monthsFeb 25, 2025 21:35:07 ago (+4/-0)
[ + ] Belfuro
[ - ] Belfuro 3 points 2 monthsFeb 25, 2025 22:45:30 ago (+3/-0)
Yep gold inflation.
The fuckers literally flood the market with Gold that only exists on paper.
[ + ] Sniggers
[ - ] Sniggers 3 points 2 monthsFeb 26, 2025 00:18:10 ago (+3/-0)
[ + ] Belfuro
[ - ] Belfuro 1 point 2 monthsFeb 26, 2025 13:26:47 ago (+1/-0)
But i believe that this is how they fix rare metals.
They put out a sell order for 100 ton of gold.
Bidders buy the gold, depressing golds spot price.
The gold is transferred on paper only, the buyers know it to be fake.
The buyers get reimbursed over time. Perhaps even through usaid.
An audit of the worlds banks would csuse gold prices to soar imho.
[ + ] BushChuck5002
[ - ] BushChuck5002 -1 points 2 monthsFeb 26, 2025 14:08:18 ago (+1/-2)
If you aren't in physical possession of your metals, you're a sucker.
Only retard normies own paper metals.
[ + ] beece
[ - ] beece 3 points 2 monthsFeb 25, 2025 19:04:25 ago (+3/-0)
[ + ] Questionable_2
[ - ] Questionable_2 [op] 2 points 2 monthsFeb 25, 2025 19:16:25 ago (+2/-0)
[ + ] BushChuck5002
[ - ] BushChuck5002 1 point 2 monthsFeb 25, 2025 19:10:16 ago (+3/-2)
What it costs to mine means nothing.
[ + ] FreeinTX
[ - ] FreeinTX 2 points 2 monthsFeb 25, 2025 20:46:30 ago (+2/-0)
The explosive factor for gold is the veil being lifted off the paper gold scandal, but who knows if and when that will happen.
But gold at $3k is the direct result of three dollar going to shit so it takes more dollars to get that ounce of of the ground.
[ + ] BushChuck5002
[ - ] BushChuck5002 1 point 2 monthsFeb 25, 2025 21:44:32 ago (+2/-1)
The price of precious metals has nothing to do with extraction cost.
It's as though you think the miners are setting the price, lol.
[ + ] FreeinTX
[ - ] FreeinTX 1 point 2 monthsFeb 26, 2025 06:43:13 ago (+1/-0)
You are literally retarded.
[ + ] BushChuck5002
[ - ] BushChuck5002 0 points 2 monthsFeb 26, 2025 07:54:25 ago (+1/-1)
Keep being 'tarded.
Just know that people are laughing at your ignorance when you take a position like this.
[ + ] FreeinTX
[ - ] FreeinTX 0 points 2 monthsFeb 26, 2025 11:07:27 ago (+0/-0)
[ + ] BushChuck5002
[ - ] BushChuck5002 0 points 2 monthsFeb 26, 2025 12:13:23 ago (+1/-1)
[ + ] FreeinTX
[ - ] FreeinTX 0 points 2 monthsFeb 26, 2025 12:49:30 ago (+0/-0)
[ + ] SirNiggsalot
[ - ] SirNiggsalot 3 points 2 monthsFeb 25, 2025 18:52:39 ago (+3/-0)