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These are all good points. He also says everyone should move to costa rica.
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Nov 24, 2017 19:35
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I will say I like the appeal of smacking somebody's teeth out with gold bars rather than a sackload of dollars.
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Nov 24, 2017 19:42
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jonathan posted:These are all good points. He also says everyone should move to costa rica.
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Nov 24, 2017 19:44
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Manic Technophile posted:Why Costa Rica? Less taxes
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Nov 24, 2017 19:44
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EorayMel posted:I will say I like the appeal of smacking somebody's teeth out with gold bars rather than a sackload of dollars. I think an iron brick is probably going to be better at that iron: the new gold?!?!
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Nov 24, 2017 22:12
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Costa Rica or Panama are where I'm planning on retiring. Just need to learn Spanish and I'm good!
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Nov 24, 2017 23:14
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Solice Kirsk posted:Costa Rica or Panama are where I'm planning on retiring. Just need to learn Spanish and I'm good! Spanish is just loud slow English, yes?
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Nov 24, 2017 23:41
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Solice Kirsk posted:Costa Rica or Panama are where I'm planning on retiring. Just need to learn Spanish and I'm good! This was Ross ulbrichts plan
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Nov 24, 2017 23:44
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Uranium 235 posted:yeah if the USD hyperinflates into worthlessness then i'm going to get eaten by some prepper maniac. who cares if i have gold bars or bitcoins
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Nov 25, 2017 05:30
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Uranium 235 posted:yeah if the USD hyperinflates into worthlessness then i'm going to get eaten by some prepper maniac. who cares if i have gold bars or bitcoins Number of times USD has inflated out of usefulness: 0. Number of times Gold has been dropped as a standard of monetary value: several
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Nov 25, 2017 17:33
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Drone_Fragger posted:Number of times USD has inflated out of usefulness: 0.
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Nov 25, 2017 17:43
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Let's put America back on the BTC standard.
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Nov 25, 2017 17:57
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Uranium 235 posted:what are you trying to say he's saying to buy bitcoin buy Buy BUY MORTGAGE YOUR HOUSE AND GO ALL IN
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Nov 25, 2017 22:10
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QuarkJets posted:he's saying to buy bitcoin buy Buy BUY
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Nov 25, 2017 23:24
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Drone_Fragger posted:Number of times USD has inflated out of usefulness: 0. I'm not disagreeing with it being idiotic to buy gold bars. But the USD has been hosed out of usefulness, but because of it's prevalence, instead of being inflated out, really weird poo poo has happened. The USD went to the gold standard real late, made it through WW2, world being so hosed the Bretton Woods system occurred, where most the world pegged their money to the USD, and the USD was pegged to gold... until the US gov't lied about it to pay for Vietnam and the French called the US out on it. Nice bit of instability and things eventually worked out, but it was a huge failure and the USD lost tons of cred worldwide. It's a fair bit more complex than that still, but USD definitely got inflated out and had a rugged recovery period. Gold, like Bitcoins, like USDs, all have no intrinsic value. Buying gold is no different than buying any other currency, but if you're reading this thread for investing tips, here is the best one: DO NOT BUY LITERAL PHYSICAL GOLD WHAT IN THE gently caress IS WRONG WITH YOU IF YOU'RE EVEN CONSIDERING BUYING INTO GOLD BARS. THIS WILL NEVER EVER PAY OFF, PLEASE TALK TO SOME PROFESSIONALS ABOUT YOUR MONEY BECAUSE YOU'RE STUPID ENOUGH TO BE CONSIDERING BUYING LITERAL GOLD BARS. No idea how you have money to invest if you're that bad with money to begin with
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Nov 25, 2017 23:34
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Solice Kirsk posted:Let's put America back on the BTC standard. lol
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Nov 25, 2017 23:39
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Gold is a hedge against inflation E: if bitcoin goes bust , you have a long math problem. If the dollar is devalued and you bought gold, you can trade in your gold for more money than you bought it for
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Nov 25, 2017 23:46
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killmeimmafailure posted:Gold is a hedge against inflation bitcoin is worth as much as gold
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Nov 25, 2017 23:51
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Mumpy Puffinz posted:bitcoin is worth as much as gold Right now. Son, you ever hear of the dot com boom? Where were you when Enron collapsed? I’m not a gold bug, but lots of people are. Gold is used in computer and high tech manufacturing. It’s shiny, bitches love shiny things. Bitcoins are semileagal penny stocks. Don’t be surprised when people get hit with lawsuits
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Nov 25, 2017 23:59
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I’m not a gold bug, but lots of people are. Gold is used in computer and high tech manufacturing. It’s shiny, bitches love shiny things. Bitcoins are semileagal penny stocks. Don’t be surprised when people get hit with lawsuits E: how do you guys report capital gains to the irs?
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Nov 26, 2017 00:00
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1st_Panzer_Div. posted:DO NOT BUY LITERAL PHYSICAL GOLD WHAT IN THE gently caress IS WRONG WITH YOU IF YOU'RE EVEN CONSIDERING BUYING INTO GOLD BARS. THIS WILL NEVER EVER PAY OFF, PLEASE TALK TO SOME PROFESSIONALS ABOUT YOUR MONEY BECAUSE YOU'RE STUPID ENOUGH TO BE CONSIDERING BUYING LITERAL GOLD BARS. No idea how you have money to invest if you're that bad with money to begin with
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Nov 26, 2017 00:04
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killmeimmafailure posted:Gold is a hedge against inflation Stocks are a better hedge against inflation long term.
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Nov 26, 2017 00:07
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With all this interest in gold bars I'm going to invest into gold bar molds.
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Nov 26, 2017 00:09
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Inept posted:Stocks are a better hedge against inflation long term. bitcoin!
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Nov 26, 2017 00:09
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Inept posted:Stocks are a better hedge against inflation long term. Oh no doubt. I’m just explaining levels of hierarchical stupidity.
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Nov 26, 2017 00:10
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1st_Panzer_Div. posted:
My thoughts are that gold is still gold. It's fairly rare and will always be valuable as it has uses in jewelry and industry/electronics. It's not an investment but more of a failsafe. Maybe I'm an idiot and just don't know economics that we'll, but I do have a lot of money I'd like to keep. If you Americans gently caress your dollar up, my Canadian monopoly money is chasing it down the hole. Edit: I got triggered because you don't need to be an investor to have money. Some of us earn it with hard work and lucky career choices. jonathan fucked around with this message at 00:21 on Nov 26, 2017 |
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Nov 26, 2017 00:19
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Uranium 235 posted:hm ar eyou sure that sounds risky Don't worry I have thoroughly studied the risks, you can trust me 
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Nov 26, 2017 00:20
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Lupin posted:I know a guy with maybe ~$20 million that buys gold bars all the time, in order to hide his assets from his 4th wife (whom he'll almost definitely end up getting divorced from). He probably isn't checking SA for tips either, asset hiding is a whole nother world from investing. All that gold poo poo said, gold does have a -.6R from bitcoin, it's an interesting thing to note, haven't' been able to determine exactly why.
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Nov 26, 2017 00:29
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jonathan posted:My thoughts are that gold is still gold. It's fairly rare and will always be valuable as it has uses in jewelry and industry/electronics. It's not an investment but more of a failsafe. Maybe I'm an idiot and just don't know economics that we'll, but I do have a lot of money I'd like to keep. If you Americans gently caress your dollar up, my Canadian monopoly money is chasing it down the hole. Sorry, didn't mean to offend. You can have money for a lot of reasons. But anyone looking at gold and bitcoins as investments should not be investing. Gold has no value. None. Jewelry/electronics/etc is just man putting value into it. The value in electronics is crazy small to the prices it trades at.
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Nov 26, 2017 00:31
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The value of a computer= cost of the compenants (raw materials)+ labor used (wages, which are high b/c the work takes expertise)+ capital expenditures (office, place to work, machines to make computers , etc). Economic profit is zero because it takes into account wages and dividends paid to ceos and stockowners. Large firms also take into account economics of scale (ie buying in bulk is cheaper than buying one at a time)
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Nov 26, 2017 00:48
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jonathan posted:My thoughts are that gold is still gold. It's fairly rare and will always be valuable This is a big assumption. While it may always have some value to someone, it could easily drop 50% or more in value. People holding gold aren't doing so because of its practical uses, there are rarer and more useful elements out there such as iridium and palladium that are cheaper than gold. Gold currently has value because people think it has value, same as bitcoin.
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Nov 26, 2017 00:56
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I’ve changed my mind. Please, do what your heart tells you
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Nov 26, 2017 00:58
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Can't wait until we really can turn lead into gold but it takes 0.13% of all the world's electricity to do it.
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Nov 26, 2017 01:22
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CassandraZara posted:Can't wait until we really can turn lead into gold but it takes 0.13% of all the world's electricity to do it. It won't be long until it costs 31%
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Nov 26, 2017 01:28
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CassandraZara posted:Can't wait until we really can turn lead into gold but it takes 0.13% of all the world's electricity to do it. I'm pretty sure if you fire enough neutrons at lead you could turn it to gold. The energy used would be more than just buying gold. In that sense that sort of alchemy is just like bitcoin. A better option would be to turn gold into lead, it'd be much easier. That's also like bitcoin by turning gaming hardware into scrap.
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Nov 26, 2017 02:09
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1st_Panzer_Div. posted:He probably isn't checking SA for tips either, asset hiding is a whole nother world from investing.
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Nov 26, 2017 04:07
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Yeah it's up to 8800 holy gently caress. There will be divorces caused by Bitcoin.
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Nov 26, 2017 04:23
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Lupin posted:I know a guy with maybe ~$20 million that buys gold bars all the time, in order to hide his assets from his 4th wife (whom he'll almost definitely end up getting divorced from). IRS whistleblowers get a % of the recovered tax monies just fyi. Don't buy gold.
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Nov 26, 2017 04:35
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Lupin posted:I know a guy with maybe ~$20 million that buys gold bars all the time, in order to hide his assets from his 4th wife (whom he'll almost definitely end up getting divorced from). That's one hell of an attempt to dodge alimony. Unless he's finding wealthy private sellers he'd likely have to go through a vendor/store. Certain bullion is instantly reportable, and any kind of fun in precious metals gets you slapped with an IRS 8300 pretty quickly. Leads to a pretty big paper trail to avoid money laundering etc.
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Nov 26, 2017 04:58
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Manic Technophile posted:Yeah it's up to 8800 holy gently caress. There will be divorces caused by Bitcoin. about to be over 9000 any minute now vegeta.png
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Nov 26, 2017 05:53
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