>muh gold standard >total value of all gold ever mined:

Well, obviously gold should cost 10 times more

you dumb fuck obviously gold would just be worth a lot more

>>2722031
>>2722037

gold always costs the same it is the dollar that should be worth less

>>2721869
christ you're fucking dumb.

gold has been revalued multiple times throughout history. it's more accurate to say that currencies have been debased against gold.

it's like you don't want to read any books about monetary history.

>>2722064
If gold is so good, why don't we use it anymore? Because it sucks and we all gave up on its uselessness

>>2722212
Gold is used in all electronics retard

The value of gold is mostly due to it's malleable, inert and long lasting properties that can't be imitated

>>2722212

Because gold hampers jew magic.

>>2722043
Why does its price vary relative to other metals then?

Surely if it was just currency supply changes driving it, you would see an ounce of gold always, like 15 times the cost of an ounce of silver. But, it isn't, they vary. Why?

>>2722247
Is it true that the jews want to drink our blood? I've never met on in person.

>>2722229
50% of the world's gold supply is used in jewellery and 40% is "an investment vehicle" (i.e. hoarded in a vault somewhere). Only 10% is used for anything useful.

>>2722248

man the price of PMs has been manipulated to high heavens for decades
for every ounce of gold/silver thats trade they trade like 10x the amount in futures. then you got supply and demand, fluctuating mining costs and what not.
many reasons

>>2722229
Uh how long have electronics been in existence you brainlet? The value of gold is due to it being shiny and rare.

>>2722264
So, gold is just another commodity that varies in price according to its own supply and demand, like copper or palladium or frozen orange juice concentrate?

Come on, pick one or the other.

>>2722259

Nah they wouldnt contaminate their body with goy filth

>>2722303
How do they do that?

>>2722283
why don't you read some books. this guy named james rickards has some excellent commentary on gold. he served on the LTCM board, was invited by the pentagon to participate in economic war games and was a trader himself.

and after reading about monetary history, you can decide for yourself what the role of gold is in our current financial model.

hint: russia and china have been buying up vast amounts of gold in the last 5 or so years. the US treasury stopped selling their gold about 8 years ago. germany started repatriating their gold 3 years ago. surely this metal is completely useless! surely people would just give away this inert relic.

>>2721869
Clever troll op. Kudos

>>2721869

uh, by increasing in price?

>>2721869
>hows would this shit ever world goldfags?

wtf does this sentence mean

>>2722283

no its not just another commodity its money
but money is also subject to supply and demand

anons this shit is really not rocket science
back in the day people used to trade with gold coins. gold is a finite resource which guaranteed the stability of the currency
then some tricky banksters realized they could just hand out paper that entitled you to gold. easier to transport and to trade with.
then the jews realized they could fuck out the goys of their gold and just started giving out paper without it being backed by gold
then they started printing more and more and now your paper money is worthless while gold is still valuable and finite.

you see the exact same thing happening in cryptos btw
you got gold (bitcoin)
then some clowns came up with that ether shit which is infinte but at least you can trade it for gold
then the tricky jews came out with bancor. a worthles POS coin but again stupid goyim fall for it and give up their gold
and so history repeats itself

>>2722267
The value of gold has almost nothing to do with what it is / can be used for, it is all speculation and bitcoin is an ideal substitute