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thoughtcriminal_1984
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p/soundmoney
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11/3/2025, 7:12:06 PM
Gold price....
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thoughtcriminal_1984
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11/10/2025, 7:29:54 PM
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After a little more accumulation in the forecasted area, prices have gone back up and crossed over the the upper threshold.... highly probable, there will be new all time highs for gold before Christmas.  
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thoughtcriminal_1984
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11/12/2025, 8:36:46 PM
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HO HO HO!!!  
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float4
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11/10/2025, 7:51:22 PM
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Someone educate me on why gold is a good store of wealth and so closely followed as a commodity.
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thoughtcriminal_1984
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11/10/2025, 8:37:36 PM
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I could go through a list of reasons or show you in one chart,..... or both.... You choose.
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float4
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11/10/2025, 8:43:50 PM
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chart
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thoughtcriminal_1984
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11/10/2025, 8:53:19 PM
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This is an inverted chart ( so showing the decline in the dollar ) of gold priced in dollars since the 70s.... 
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thoughtcriminal_1984
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11/10/2025, 8:55:58 PM
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Here's another "bonus" chart....  This, this is what happens to the price of gold, while paper money is inflating, then hyperinflating away..
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float4
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11/10/2025, 10:30:47 PM
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So its a hedge on currency. The expectation being you can sell the gold back into dollar and keep a higher valuation on the currency. Would there be any other reason? I see a flaw in this.
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thoughtcriminal_1984
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11/10/2025, 11:11:12 PM
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"So its a hedge on currency." Yeah, pretty much... it is in reality thee base currency/money humans have used as a messure of physical wealth for millenia.
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float4
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11/10/2025, 11:18:12 PM
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Here is the flaw for scrutiny. The only value gold has is for specialized purposes. Satellites, etc. As a store of value, its only value is relative value to, for example, the dollar. So while your ounce of gold may trade for a higher dollar value, it never has any tangible value other than its relative value. The gold is always stored as a relative value hedge on the common currency, agreed. When a crash happens, and you need to use the gold as currency, what value does it have? I would argue you will sell it to Indians or Jews for 10 cents on the dollar in a crash. Gold has no real practical value, that is my claim, and therefore, its a poor store of wealth.
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thoughtcriminal_1984
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11/10/2025, 11:37:56 PM
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"The only value gold has is for specialized purposes. Satellites, etc." Is that really the case? Do you know why it's used on satellites? Because it doesn't corroded, one of only a few to do so and it's thee best electrical conducting material on earth and space, that's quite a use in and of itself, I'm pretty sure you can think of a few more ways in which we use it also? "As a store of value, its only value is relative value to, for example, the dollar. So while your ounce of gold may trade for a higher dollar value, it never has any tangible value other than its relative value." Today yes, in the past it was the weight of the measure itself that was the counting factor, so that's mainly only really a modern phenomenon of the last century. "When a crash happens, and you need to use the gold as currency, what value does it have? I would argue you will sell it to Indians or Jews for 10 cents on the dollar in a crash. Gold has no real practical value, that is my claim, and therefore, its a poor store of wealth." If one wasn't prepared in other meaningful ways, this is certainly possible, however, those with 100s of thousands of dollars or 10s of thousands, would have zero material value in dollars, so the point is to utilise excess cash to buy metals to protect it's relative value in the future, and it does, every single time. The purchasers, as the holder, need to be in position to do so, if you aren't.t, then you aren't.
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float4
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11/11/2025, 12:31:59 AM
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Correct. Doesn't corrode. Neither does plastic. In a mass crash, who cares about this? Your cell phone won't work. Gold has value in a high functioning society, not in the aftermath of mass collapse. I think we have commonality in the idea that gold is rare, and hard to accumulate. It was a reasonable store of value for a time, until trade started to use the derivative we call "money" and then the later, even more nasty critter, debt slavery. There are millions of men living in apartments or 1/4 acre house lots sitting on gold thinking they are safe in a collapse when everyone's money goes worthless. On the contrary, if you have stability and distributed assets, then having some precious metals may have merit. But there are all too many people committed to the belief hoarding metal is the way. The proper initial hedge for a man should be land. Every man should be taught that aspirationally rather than owning the jew metal.
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thoughtcriminal_1984
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11/11/2025, 12:54:45 AM
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"The proper initial hedge for a man should be land. Every man should be taught that aspirationally rather than owning the jew metal." I'd agree on principle, however, one needs to buy land, buying land with debt, means you don't actually own it, stuffing dollars into a tin or in the bank will devalue every year you take.... So for the sake of relative value, gold solves this issue, and always has. It maintains purchasing power, it is real money..... also how much tax does one have to pay every year 😬.... to own land?
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float4
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11/11/2025, 1:16:25 AM
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Any man earning a basic wage can yield enough cash to purchase land. You can still buy land in places for $1000 an acre. Not prime land, but land to someone desperate for a piece. I did not suggest debt, in fact the opposite. And land tax is relatively small until you construct on it. Wood is a good hedge for tax. A few logs to the mill pays it. Trees are free, just keep the acorns. I don't own any gold, I think its useless. I appreciate the value solutions, but land provides the same hedge with the ability to sustain yourself in a collapse.
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thoughtcriminal_1984
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11/11/2025, 1:21:18 AM
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"I don't own any gold, I think its useless. I appreciate the value solutions, but land provides the same hedge with the ability to sustain yourself in a collapse." Until eminent domin comes along.... Eminent domain is the government's power to take private property for public use, even without the owner's consent, a process known as [condemnation](https://www.google.com/search?q=condemnation&client=ms-android-samsung-rvo1&sca_esv=a828f4b37f770271&ei=M48SaZbvIsKvhbIP_eGTEA&oq=immanent+do&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIgtpbW1hbmVudCBkbyoCCAAyDRAAGIAEGLEDGEMYigUyCRAAGIAEGAoYCzIJEAAYgAQYChgLMgkQLhiABBgKGAsyCRAAGIAEGAoYCzIJEAAYgAQYChgLMg8QLhiABBjHARgKGAsYrwEyCRAAGIAEGAoYC0ipJFCACFiRHHACeAKQAQCYAcoCoAH1BqoBBzQuMC4xLjG4AQHIAQD4AQGYAgigAq0FwgIEEAAYR8ICChAAGIAEGEMYigXCAgsQABiABBixAxiDAcICBRAAGIAEwgIHEAAYgAQYCsICCBAAGBYYChgewgIGEAAYFhgewgILEAAYgAQYhgMYigXCAgUQIRigAcICBRAhGJ8FmAMAiAYBkAYIkgcFNS4yLjGgB9EpsgcFMi4yLjG4B_8EwgcFMy02LjLIB3w&sclient=mobile-gws-wiz-serp&ved=2ahUKEwiN3aiP9-iQAxWRU0EAHfmpA8YQgK4QegYIAAgAEAM) or [expropriation](https://www.google.com/search?q=expropriation&client=ms-android-samsung-rvo1&sca_esv=a828f4b37f770271&ei=M48SaZbvIsKvhbIP_eGTEA&oq=immanent+do&gs_lp=EhNtb2JpbGUtZ3dzLXdpei1zZXJwIgtpbW1hbmVudCBkbyoCCAAyDRAAGIAEGLEDGEMYigUyCRAAGIAEGAoYCzIJEAAYgAQYChgLMgkQLhiABBgKGAsyCRAAGIAEGAoYCzIJEAAYgAQYChgLMg8QLhiABBjHARgKGAsYrwEyCRAAGIAEGAoYC0ipJFCACFiRHHACeAKQAQCYAcoCoAH1BqoBBzQuMC4xLjG4AQHIAQD4AQGYAgigAq0FwgIEEAAYR8ICChAAGIAEGEMYigXCAgsQABiABBixAxiDAcICBRAAGIAEwgIHEAAYgAQYCsICCBAAGBYYChgewgIGEAAYFhgewgILEAAYgAQYhgMYigXCAgUQIRigAcICBRAhGJ8FmAMAiAYBkAYIkgcFNS4yLjGgB9EpsgcFMi4yLjG4B_8EwgcFMy02LjLIB3w&sclient=mobile-gws-wiz-serp&ved=2ahUKEwiN3aiP9-iQAxWRU0EAHfmpA8YQgK4QegYIAAgAEAQ). For this to be lawful in the United States, the government must provide "just compensation" to the property owner. Key aspects of eminent domain - Government power: It allows the government to acquire private land for public projects like roads, schools, or public facilities. - Public use: The property must be taken for a legitimate public purpose. - Just compensation: The government must pay the property owner fair market value for the property, as required by the Fifth Amendment of the U.S. Constitution. - Owner's rights: The property owner generally has the right to a hearing on the issue of compensation. - Terminology: While "eminent domain" is the term used in the United States, similar concepts exist in other countries under names like "compulsory purchase" or "resumption". Ask the Indians... they'll know.
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float4
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11/11/2025, 1:28:42 AM
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Eminent domain? Give me a break. Counterpoint: United States – 1917 In 1917, the U.S. Congress passed the Trading with the Enemy Act, which granted the president sweeping authority to restrict transactions in gold and silver during times of war or national emergency. United States – April 5, 1933 On April 5, 1933, President Franklin D. Roosevelt issued Executive Order 6102, criminalizing private ownership and trading of gold bullion, coins, and certificates beyond a $100 exemption Australia – 1959 Under Part IV of the Banking Act 1959, the Australian government gained the power to seize private gold holdings if deemed necessary to protect the currency or public credit. India – 1965 In 1965, India enacted the Gold Control Act, which banned private citizens from owning or trading gold bars and coins (with exemptions for jewelry and small personal holdings) United Kingdom – 1966 Through the Exchange Control (Gold Coins Exemption) Order 1966, under the 1947 Exchange Control Act, the UK government prohibited private citizens from owning more than four post-1817 gold or silver coins and banned private gold imports and trading. Soviet Union/Russia – 1917–1991 (and beyond) From the Bolshevik era through the Soviet period (1917–1991), private ownership and trading of gold and silver bullion—outside of jewelry or numismatic items—were strictly forbidden as a matter of state security.
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thoughtcriminal_1984
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11/11/2025, 1:36:24 AM
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They can't take what they can't find.
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float4
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11/11/2025, 2:01:29 AM
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Fair point. In 1929 it had more meaning than today. Today metal detection technology is almost absolute. So is technology to show the gold purchase. Unless you plan to hit a river and pan for gold, the secrecy that gold has historically had has disappeared into electronica.
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thoughtcriminal_1984
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11/11/2025, 2:06:07 AM
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Fuck knows what happened there.... " 
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thoughtcriminal_1984
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11/11/2025, 2:07:17 AM
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"electronica" Like ram chips 
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