Poweredbythesun wrote:Aquarius wrote:T.A.O.L. wrote:There are sooo many reasons why buying physical gold is stupid.
1. The obsession with physical gold is jewish.
2. Its super expensive and prices will most likely stay low for a longer period of time. Thus not giving you any return for your gold.
3. The economy can collapse this year and it wont be back up in this form or similar in any way at all. Which basicly means, that a piece of gold wont be worth the same in trades as it is now.
4. In some places the government reuires to know about those things you bought if you want to sell them later on.
Bye bye privacy. Theyre obviously trying to get you to pay more taxes.
I am sure one can think of even more reasons.
exactly, I believe mageson or hoodedcobra covered this already in a discussion with him
Exactly, it drives me crazy when people tell me or others to buy gold and precious metals. I mean, Sulfuric Acid is needed to make a lot of modern materials, but you don't see people buying and hoarding it. Because it's NOT useful on it's own. The same is true with gold, iron, silver, lead, and many other materials.
One of the upsides of gold though is a gold / gold plated ring does look nice. And I've found that wearing a gold plated ring helps me when I'm low on willpower, but that's just my experience.
The reason why you buy anything to profit or acquire wealth is to see comparative value with it. Gold is comparative to money as it was originally the backing behind paper money and it still exists as an anti counterparty easy liquidity asset. The assests that are set as financial assests are different than sulphhuric acid or any such things. That's why we have gold bonds and gold stocks and not sulphuric acid bonds and sulphiric acid stocks.
Originally value was compared with gold and thus labour was compared to it. In pagan societies you had gold,silver and bronze coins and such. Adolf Hitler created a society where value was relative to labor itself. That's a Utopian society where the economy never collapses or has any kind of risk. And labour,innovation and excellence is valuable. However you currently do no live in that kind of society.
You live in a kind of society where value is relative to oil. And more wars you make around the world for jewish interest,the more easily you get what you want. A 70% consumer economy cannot sustain itself. The united states outsources cheap labor and enjoys a standard of life they haven't deserved. The massive debt will someday come to bite the people. Someday rates will go up, and you will have to give back the debt.
I'll give you a very nice example of the situation the US is in. In 2008 ,a few bad banks made a few bad bets on a few bad housing markets and created a massive bubble where the consumers life savings were supposed to be annihilated. The fed came in at the crucial moment, bailed everyone out and made everything solvent. No one went to jail and nothing was fixed. They did that by borrowing at a lower interest rate massive amount of money and flooding the economy. They kept the interest rates low for as long as they could in the Obama administration. Donald Trump increased the national debt to 21 trillion dollars when he had said beforehand in a speech that the fed was being political by keeping the interest rates low. Well go figure. Now that Trump has exceeded the debt of 21 trillion dollars ,he complains that the fed has "gone crazy". Well the fed was already crazy. He should have cut the budget in half and pull out of Syria and all billions of dollars of ventures all around the world and paid back the debt when the interest rate was low.
This is the fatal kind of situation the us is in and its mathematically impossible to prevent the rates from going high. And its now unpayable. If i sound apocalyptic ,go see the numbers yourself. Someone said im fear mongering or some shit. This is a fucking fact. This is something everyone should be knowledgeable about and beyond cognitive dissonance on.
Whatever you do ,do after researching said phenomena of economics. I already gave you the resources. You can make a much mature decision than anyone on the internet telling you. Its your money and your insight. I wouldn't be surprised if you delved deep into the subject and found your answers yourself. Though if you're satisfied with the current predicament then its fine.
