Smaile

joined 7 months ago
[–] Smaile@lemmy.ca 2 points 9 hours ago

Oh yah this won't be bad.

[–] Smaile@lemmy.ca 33 points 9 hours ago

When life gives you lemons, penalize them.

[–] Smaile@lemmy.ca 4 points 5 days ago (2 children)

wonder how hard it is to hit those...

[–] Smaile@lemmy.ca 1 points 5 days ago* (last edited 5 days ago)

I wouldn't say theyre lesser, I'd say their a out as bad as eachother tho. China is a lot better then it used to be to add to that

[–] Smaile@lemmy.ca 7 points 6 days ago

I'm all for letting America make itself irelevent.

[–] Smaile@lemmy.ca 4 points 6 days ago
[–] Smaile@lemmy.ca 28 points 6 days ago (7 children)

I'm all for it, America needs to be reminded of what capitalism actually is.

[–] Smaile@lemmy.ca 2 points 6 days ago

Sounds like it'd be a good idea to get an xl motherboard

[–] Smaile@lemmy.ca 13 points 6 days ago* (last edited 6 days ago) (4 children)

Yah I used to be on the "China steals" bandwagon, back when it had weight but now it doesn't matter, even when it come to Chinas genocide of the ueagers, America is helping cause gaza with isreal not to mention what its doing to Cuba. America is no better then China now in my eyes.

[–] Smaile@lemmy.ca 1 points 2 weeks ago

if more gold shows up it will go down. but their aren't a lot of gold mines anymore.

[–] Smaile@lemmy.ca 0 points 2 weeks ago

"industrial value" this is irreverent given is more used as a financial device for a few millennia, gold only recently became somewhat useful for electronics, not much else. "Gold being used as a currency is ascribing to it an artificial value." see your not listening, i does have value because its being uses in trade for financial assets when people fail to meet fiat or fiat fails flat out and another medium of exchange is needed, often for larger transfer of assets, over the course of many years this is bound to show crazy increases in comparative value givein the time horizon. its not artificial, its a show of compounding failure of newer currency that try to replace it, the reason gold never fails is for the reasons iv already described, it cant be faked since its an element, its heavy and hard to casually steal and on average people are drawn to its look, historically its been liked to the metal of the sun, something many people of the past worshiped and something we still love as its one of the things that keep out planets alive and crops growing.

for these reason it was naturally bacame the stockpile metal of value. btc and fiat will allways fail at some point because the things they attach to are fallable. gold is an element, it can't fail.

[–] Smaile@lemmy.ca 0 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

You don't understand what gold is being used for, it's insurance against government printing and is impossible to forge and hard to steal if your not stupid and actually pay for security, unlike things like bitcoin. Its used as the currency for century's for a reason and is often fallen back upon as a last resort for a reason. Silver isn't because it's not as fininite but is good as a more ubiquidous self backed currency for the same reason, just more for the common man.

The reason golds value is so high is because it is the price of combine debts that verious fiat deal could cover over all these years, that's why it's so high. When a debt can't be covered in cash, gold is often sold to make up the diffrence, over time that has caused its price to rise due to it being represented against these assets, it seems people can't get enough of the shiny metal.

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