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Thread: Gold will be stupidly worthless in a hyperinflation scenario

  1. #1

    Gold will be stupidly worthless in a hyperinflation scenario

    The gold supply has increased enormously since 1776. In a peak oil social collapse there might be 1 million people surviving and 1000 tons of gold. If gold is 1% of the economy like it always has been then your annual income will be a ton of gold.

    Gold would be extremely abundant in a social collapse scenario, the gold morons will die and people who buy things that are practical/useful wont.



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  3. #2
    Quote Originally Posted by mustang19 View Post
    The gold supply has increased enormously since 1776. In a peak oil social collapse there might be 1 million people surviving and 1000 tons of gold. If gold is 1% of the economy like it always has been then your annual income will be a ton of gold.

    Gold would be extremely abundant in a social collapse scenario, the gold morons will die and people who buy things that are practical/useful wont.
    The gold supply has not increased as much as the FRN supply rolling off of the US Treasury printing presses. That's why yo cash ain't nothing but trash.
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  4. #3
    That doesn't help you, gold is pointless.

  5. #4
    Gold is a hard asset with no counterparty risk. It's a store of wealth. If you don't like it, more power to you. See you after the reset.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  6. #5
    Are you saying the value of gold will go down during the crash of the "world's reserve currency"?

    Sorry. Don't see it.
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  7. #6
    Obviously when 99% of people die. Gold is abundant and worthless, buy land, horses, something useful and agricultural.

    Honestly since pennies are worth more as copper it is literally better to hold money than gold.
    Last edited by mustang19; 04-01-2020 at 04:56 PM.

  8. #7
    Quote Originally Posted by mustang19 View Post
    ...
    Honestly since pennies are worth more as copper it is literally better to hold money than gold.
    That's some fine police work there, Lou.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  9. #8
    Quote Originally Posted by mustang19 View Post
    Obviously when 99% of people die. Gold is abundant and worthless, buy land, horses, something useful and agricultural.

    Honestly since pennies are worth more as copper it is literally better to hold money than gold.
    If and when 99% of the people die, won't everything be abundant? And while it's still abundant, will it not be cheap with some odd 99% of the demand gone?

    Seriously, why prepare for the 99% dead scenario? Survive that and you'll find a hundred of everything lying there for the taking.

    If there's two things being among the one percent who survive the holocaust will give you, it's plenty of resources and plenty of time.
    Last edited by acptulsa; 04-01-2020 at 07:38 PM.



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  11. #9

  12. #10
    Neg this fool. Obviously a troll of some sort.

  13. #11
    I am trying to figure out which central bank for what dictator Mustang is running . His stated goals are killing 99 percent of the people and wants you to save cents and not gold .

  14. #12
    Gold will be worth less than the copper pipe in your house. Copper is very useful and important gold is an utterly worthless luxury that began use as money 2000 years ago.

  15. #13
    World copper and gold inventories are about the same on LME yet copper does everything while jewelry is .1% of the economy.

  16. #14
    Quote Originally Posted by mustang19 View Post
    Obviously when 99% of people die. Gold is abundant and worthless, buy land, horses, something useful and agricultural.

    Honestly since pennies are worth more as copper it is literally better to hold money than gold.
    If 99% of people die then our species will return to the original standard of violence. (Which is the final standard even today).

  17. #15
    Quote Originally Posted by mustang19 View Post
    Honestly since pennies are worth more as copper it is literally better to hold money than gold.
    Well, Fire11, since you are a bad penny (or, at least, you keep popping back up like one) I guess it would be rude of us to diss copper in your earshot.

    But you'll excuse us for not holding currency instead of gold, since the U.S. doesn't make any coins out of pure copper any more.

  18. #16
    99% of people dying? That escalated quickly.



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  20. #17
    Quote Originally Posted by mustang19 View Post
    The gold supply has increased enormously since 1776. In a peak oil social collapse there might be 1 million people surviving and 1000 tons of gold. If gold is 1% of the economy like it always has been then your annual income will be a ton of gold.

    Gold would be extremely abundant in a social collapse scenario, the gold morons will die and people who buy things that are practical/useful wont.
    9/11 Thermate experiments

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  21. #18
    Quote Originally Posted by mustang19 View Post
    That doesn't help you, gold is pointless.
    lol. All recorded history says otherwise. Checkmate.
    Quote Originally Posted by Swordsmyth View Post
    They are coming home, all the naysayers said they would never leave Syria and then they said they were going to stay in Iraq forever..... just like Trump said.



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  22. #19


    is this what you’re trying to say?

    The full episodes pretty good too. “The Rip Van Winkle caper”
    Last edited by sam1952; 04-02-2020 at 08:32 AM.
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  23. #20
    Quote Originally Posted by dean.engelhardt View Post
    99% of people dying? That escalated quickly.
    Yes , yes it did .

  24. #21
    Quote Originally Posted by Todd View Post
    lol. All recorded history says otherwise. Checkmate.
    Gold supply has increased enormously.

  25. #22
    Quote Originally Posted by mustang19 View Post
    Gold supply has increased enormously.
    Think of it like your penis. The bigger and more of it there is.... the more the chicks want it.
    Quote Originally Posted by Swordsmyth View Post
    They are coming home, all the naysayers said they would never leave Syria and then they said they were going to stay in Iraq forever..... just like Trump said.



    Whenever you find yourself on the side of the majority, it is time to pause and reflect - Mark Twain

    Fascism Defined

  26. #23
    Quote Originally Posted by Todd View Post
    Think of it like your penis. The bigger and more of it there is.... the more the chicks want it.
    Um no there will be a ton of gold for every surviving person in the US. It will be as abundant as copper pipe.

  27. #24
    Quote Originally Posted by mustang19 View Post
    Um no there will be a ton of gold for every surviving person in the US. It will be as abundant as copper pipe.
    How many survivors will there be other than me ?



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  29. #25
    Quote Originally Posted by mustang19 View Post
    Um no there will be a ton of gold for every surviving person in the US. It will be as abundant as copper pipe.
    And that's why copper pipe is one of the most stolen items in the US.
    Quote Originally Posted by Swordsmyth View Post
    They are coming home, all the naysayers said they would never leave Syria and then they said they were going to stay in Iraq forever..... just like Trump said.



    Whenever you find yourself on the side of the majority, it is time to pause and reflect - Mark Twain

    Fascism Defined

  30. #26

  31. #27
    Quote Originally Posted by mustang19 View Post
    Because its good?
    Delicious.

  32. #28
    For years, gold bugs were relegated to the fringes of financial markets. Often viewed by mainstream investors as tinfoil-hat conspiracists with basements full of beans and bottled water, their warnings sounded apocalyptic: a coming collapse in financial assets, widespread devaluation of paper money and global disasters that erode civil liberties.

    Welcome to 2020.

    As the coronavirus brings economies around the world to a standstill, gold is rivaling Treasuries and the dollar as the best-performing major asset this year. The metal proved its haven status with a 6% rally as almost $16 trillion was wiped off global stock markets and oil plunged.

    There’s also been a scramble for physical metal as investors in exchange-traded funds build the biggest stockpile in history and dealers say they’re struggling to find gold to sell.
    ...
    There’s echoes of many of the typical gold bug predictions in today’s crisis. Besides the obvious economic and financial-market upheaval, social interaction has become taboo and in some places soldiers are telling people not to leave their homes.

    Even the so-called paper market for gold is showing cracks and a squeeze last month on New York’s Comex, the largest gold futures exchange, added fuel to another of the prophecies: that when the crisis came, there wouldn’t be enough gold to go around.
    ...
    https://www.bloomberg.com/news/artic...om-coming-true
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  33. #29
    I can't get gold coins @Bern, the article is right.

    By the time the Mints pump out more gold coins gold will be $1900.

    Dealers just don't have any stock. A few of them will let you order and lock in the price and put you on a wait list so if they can procure some in the secondary market you'll be first in line. But that can take weeks or months and your locked in so it can always go against you.

    There are serious supply issues.
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  34. #30
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    Quote Originally Posted by mustang19 View Post
    Obviously when 99% of people die. Gold is abundant and worthless, buy land, horses, something useful and agricultural.

    Honestly since pennies are worth more as copper it is literally better to hold money than gold.
    Since 1982, pennies are 2.5% copper.
    https://en.m.wikipedia.org/wiki/Penn...of_composition
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