The federal reserve is printing away your purchasing power

Invest in gold or silver today

No thanks, I try to refrain from """investing""" in worthless shiny things with no inherent value.

>>2
Nothing has inherent value, idiot, value is always subjective. Nevertheless, gold certainly has more value than your shitty paper dollars which are getting less valuable by the day.

Invest in my anus!

>>3
Oh really asshole? Then why the fuck doesn't the McDonald's accept a hunk of gold in exchange for a meal? Or are you literally planning to eat your gold?

>>5
Because the federal reserve holds a monopoly on the printing of legal tender. Our crypto fascist left wing government has made it illegal to use any alternative currency. Nevertheless, gold has served as currency for thousands of years, either in the form of direct coinage, bullions, or as the reserve standard which backed up the value of paper currencies. Without gold backing up our currency, the federal reserve is making your paper currency weaker and weaker. The point of investing in gold is not to make some return on your investment, but to store your savings in a tangible medium.

Also, fuck you.

>>6
You can also try hoarding phosphorus, its a limited resource and its production will soon peak.
https://en.wikipedia.org/wiki/Peak_phosphorus

I'm going to hoard chlorine and use it to gas >>7-aho.

>>7
PhosphCoins - each coin granting holder rights to one ton of phosphorus.

It's interesting because you can not eat gold, silver, dollars, or phosphorous, yet only one of those can be exchanged directly for food (the dollars). It is almost as though, only dollars are valuable. I guess that's why people love swapping their gold and phosphorous for dollars.

>>10
you can use phosphorus to 3d print food, given enough energy.

>>11
Too bad that you need to pay dollars for that energy.

>>10
What makes the dollar valuable? Dollars are not scarce resources, they have no precious metals backing up their value, and they are printed from thin air by a centralized bank which constantly inflates their value. Think about what 5 dollars could buy you 100 years ago when it was backed up by gold and compare it to what you could buy today. Dollars are only valuable simply because they're the only currency you are allowed to use.

>>13
Think about what 5 dollars can buy you today and compare it to what a lump of gold can buy today. That's right, to get any value out of gold you have to exchange it for dollars. Not for food, housing, medicine. Just dollars.

>>13
There are lots of men with guns that accept dollars in exchange for not killing you or kidnapping you and throwing you in the oubliette until you die. That males it pretty valuable.

>>15
Tinfoil alert. There's no such men with guns.

>>16
Wow, I'll tell HR to change my withholding to married and nine kids then. No sense paying taxes if the IRS isn't actually real. Thanks for the advice.

>>14
The purchasing power of gold remains constant though. One ounce of gold will buy what it was able to buy 50 years ago. Even though your gold will be traded for worthless inflated dollars, the amount given will be able to buy whatever an ounce of gold was once able to buy, even accounting for hyperinflation. However, if you just hoard a bunch of 100 dollar bills, well, there's no telling how useless it will be in the future. $100 cannot buy what it used to.

>>18
I don't get it? So gold is worthless unless exchanged for dollars but dollars are worth less than gold..... What?

>>19
He said gold is a stable medium for storing value.
Gold can be exchanged for dollars(or whatever paper money exists), but you can't print more gold.
Gold reserves are limited and scarce. Paper is not.
Dollars(paper money) are essentially like pokemon cards with agreed upon material value. If pokemon fad dies out or the marker becomes saturated with the cards, the pokemon cards lose their value.

There a couple of nuances here. While gold is stable medium for storing value it works within a civilization that has use for gold(jewelry,coins,tech,etc). If a civilization collapses, the value of gold vs material objects will plummet(tools, batteries and food become more important).
Gold value is preserved under local crisis, as long as trade networks work. When trade is disrupted, the prices and barter systems change to value more immediately useful goods.
Gold is valued at what it could be traded for - the subjective idea is that gold represents 'scarce resource' depends on its non-currency value(as decorative/jewelry) which is culture-specific(a culture could favor large seashells instead).
Gold also has problems as moving and storing it has non trivial difficulties and security risks, while money can be electronically transferred worldwide and stored in small wallets.

Take this shit to reddit

Le obligatory check em

>>20
One day it might be possible to print gold, we can make diamonds so why not? Even if not, there is no real reason to think gold can maintain its value throughout the kind of situation which would remove the value of money. Sure, you can claim that 'inflation' is removing the value of money slowly, but that would only be an issue if you're too stupid to know what to do with money to protect its value yet have so much of it that you need to protect it for descendants.

If you're considering buying gold because you foresee a banking collapse of some kind, you should instead invest your money in things that can be directly bartered or keep you alive. Solar panels, water filters, farmable land, weapons, chickens, etc. Maybe if you're a billionaire with children buying some gold is worthwhile, but the average person will find that they will die during that downtime where nobody can "buy" gold and nobody wants to trade it for food.

If people don't agree that gold is valuable, it's not. In the event of a collapse, people will only agree that essentials like food, warmth, and weapons are worth anything.

The federal reserve is printing away your purchasing power

I knew those motherfuckers were up to no good. Now, thanks to OP, I have proof.

Thanks, op. Thop.

Those evildoers must be stopped!