Do you know what is worse than being suckered into wasting money on gold?

Creating endless fake accounts thinking that it's fooling anybody.

Buh-bye.

the coin market is basically a controlled market of knowledgeable traders, as the coins themselves lose value the minute an exchange has happened. their new value is simply whatever the next exchange is.

gold itself has a tendency to behave similarly in squeeze points, because it's also a controlled market formed out of specific minting, vintages, and international systems of authentication. big steps up from coins, but still fundamentally cartel economics.

consequently when either one gets into a bad situation, like the market tends to bottom out, they rely on criminality in either the form of laundering or the form of theft; to explain why the capital for a given fund is missing for instance.

as such getting people casually interested in gold, as a concept, pays off in reducing public scrutiny of these illegal processes. once you get into it you see how controlled the market is, and you stop believing in illegality; it's simply legal monpolism.

Ah yes, the “only dumb people buy gold” take. Next you’ll tell me people who stock up on Energon are suckers too. When your fiat currency melts faster than an overheated GPU, don’t come begging for my shiny metal stacks while I’m reclining on a throne of coins like Smaug.

Gold’s not a scam -it’s the save game of wealth. Fiat’s the rogue-lite mode where you lose everything on death.

it's like a pyramid scam where if you hold long enough you'll get more money back than you put in.

expect to earn 1y gains for a 10y hold.

is this good? well, if you literally have so much money you need to build a throne of coins just to store it all...yes, and any other reduction in the nuisance your own wealth has become is welcomed as well.

Oprindeligt skrevet af a sentient mcnugget:

No wonder all those right-wing pundits keep advertising it on their shows.
Cause only their viewers would fall for such a scam!

AND UR THE MOST INTELLIGENT PERSON AMONG 4 BILLION PPL LOL

Oprindeligt skrevet af THUNDERCRACKER🔰:

Ah yes, the “only dumb people buy gold” take. Next you’ll tell me people who stock up on Energon are suckers too. When your fiat currency melts faster than an overheated GPU, don’t come begging for my shiny metal stacks while I’m reclining on a throne of coins like Smaug.

Gold’s not a scam -it’s the save game of wealth. Fiat’s the rogue-lite mode where you lose everything on death.

Tell that to the people who got their gold confiscated by the Fed:
https://en.wikipedia.org/wiki/Executive_Order_6102

Besides, if gold was such a good store of value, why would the people hawking it want to be paid in fiat money?

Oprindeligt skrevet af a sentient mcnugget:

Oprindeligt skrevet af THUNDERCRACKER🔰:

Ah yes, the “only dumb people buy gold” take. Next you’ll tell me people who stock up on Energon are suckers too. When your fiat currency melts faster than an overheated GPU, don’t come begging for my shiny metal stacks while I’m reclining on a throne of coins like Smaug.

Gold’s not a scam -it’s the save game of wealth. Fiat’s the rogue-lite mode where you lose everything on death.

Tell that to the people who got their gold confiscated by the Fed:
https://en.wikipedia.org/wiki/Executive_Order_6102

Besides, if gold was such a good store of value, why would the people hawking it want to be paid in fiat money?

so they can buy into the closed-circuit economy without having to find a coin exchange.

You gotta be pretty dumb to buy gold.

They're just trying to find a way of safe guarding their wealth.

Everyone who saves a few dollars does it, it just depends how far you're willing to go.

Have you ever hold 12kg of gold? It makes you feel powerful

Oprindeligt skrevet af Tiberius:

Have you ever hold 12kg of gold? It makes you feel powerful

You sound poor

Maybe some people just like it.

I buy gold for it's international and as an easy to sell commodity. You will be surprised how many legal loopholes gold can bypass amongst trade. It's also a good security asset if things such as disaster and war occurs i.e. banks limit withdrawals.

Oprindeligt skrevet af Angel:

I buy gold for it's international and as an easy to sell commodity. You will be surprised how many legal loopholes gold can bypass amongst trade. It's also a good security asset if things such as disaster and war occurs i.e. banks limit withdrawals.

Buy Solana.

The real gold.

money is a scam, the only thing worth value is one's heart

I thought this was about gonna be about RWT in video games, I feel scammed.