>>7561 This edgy fucktard is onto something All systems of wealth are dependent on the existence of law and order. When there is no government to monopolize violence your ability to amass wealth through less tangible means plummets. Assuming everyone here is more worried about being self-sustaining and having true wealth unbound by the regulations and laws that keep societies free from banditry rather than getting more bing bing wahoo point on the scoreboard of fortune-500, wealth in its essence is: 1. Land: Owning a part of the earth is how you store wealth. Gold is considered to be a store of value but this is only possible when there is someone trustworthy to trade with that you can agree on a currency with. Land can't be "stolen" per se, unless you are forced out of it. So to not get forced out if you need to also have 2. Life: By having ownership over life you are able to generate more value: food, tools, shelter. Manpower in particular will also allow you to fortify your stored wealth in the form of land. This can either mean having many sons or making an agreement with other men to protect one another's land in case of infringement. Having livestock will allow you to more efficiently produce the aforementioned value, this livestock will also be a kind of currency that can be traded with trustworthy partners for land or manpower. While you're playing with shitcoins and stocks always keep in the back of your mind that until you invest in land and life, you're not wealthy. Consider if the casino will allow you to cash out before you get too deep into /biz/ness.

> JPMorgan CEO Jamie Dimon Sells $125 Million of Stock <Jamie Dimon sold $125 million of JPMorgan stock through a plan, while his wife Judith Kent sold $25 million of stock. https://archive.is/i0HKV <JPMorgan Chase (JPM.N) CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest US lender has sold shares since taking charge in 2005. https://archive.is/BWZVf I take it we're going to be in a world of hurt this year (If not the next).

So I take it that the stock market is taking a dive because the tariffs actually stuck around and are being implemented?

It exists: https://8chan.se/biz/ but no one is posting.

>>22803 I guess all the posters from the generals don't know yet! (one tweet until a flood of users arrives)

>>22833 posting is locked currently.

There is this thread: >>232

>>22797 what retard wants to moderate biz 24/7?

>>232 >the lockdown/pandemic/seizure-of-power/whateveryouwanttocallit has shown how fragile everything is I don't think it showed that at all. The shutdowns were government mandated and wholly unnecessary. That doesn't show fragility. It shows the people in charge don't know what they're doing and the populace just lets them make bad decisions.

The usa can't win the trade war, they started it by shooting themselves in the head.

>>22797 the trade war was even against their allies and partners, they let the Chinks win this one, also trumps is against trade, but do not dare to touch his lovely billionaires

>>22797 Crypto is a scam.

>>23937 controlled by Chinks farming, if the submarine cable blow up, good bye to your money in crypto by a hard fork.

>>23732 pretty much. china prepared for decades for any opportunity to take the role of global hegemon from the US, and the US decided to try and fight them with zero preparation, giving them just the opportunity they had waited for how the fuck do they expect to win a trade war against China when they started it for the very reason that China is completely economically dominating them?

>>22797 >we can't let chinks win a trade war >let them Anon they already won

>>23937 it may be subjective, but I disagree! it does what it was invented for. (I see, that some situations could cause problems - missing network connections or electricity and so on ...)

>>22803 Why the .se extension? Is that this the same site?

>>22797 Merged

where /bant/ /smg/?

Have you guys heard about "Goldbacks" at all? I'm asking because I just left a coin convention today, and found some of the venders there selling these things. One of them handed out a "half-back" for free, and I spent $17 getting two different versions of the 1GB denomination. The "sales pitch" for them is that these things are 24 karot strips of gold (With the different denominations tied to their size, and their increased amount of gold in said strip contributing to said increase in size and hence denominational value) that are suppose to be used as an alternative method of payment. This entire project comes to us from a company based out of Utah who have allied with other precious metal dealers such as Alpine Gold. Apparently it's already accepted widely in Utah, and Florida just passed a law back in July that eliminates the tax on precious metal transactions altogether and further solidfying this as a possible concept. You can find their website here: https://archive.today/https://www.goldback.com/ From what I understand of it, the idea "seems" sound. However the reservations I have with the implementation is (1) cash is not as widely used as much as it really should be which hampers the concept of an alternate method of making payments being a physical currency that you have to hold in your hot little fists (Though still I would back this idea anyday to absolutely anything having to do with cryptocurrencies where the value is nothing except data on a computer) and (2) there's the monopolistic problem that only one company is making these things (And thereby meaning that they have the sole control over the market viability and future of the Goldbacks). Outside of an outright de-dollarization, I don't see anything really addressing my first complaint, which would mostly relegate these to primarily existing as collector's items. However the second complaint I could see being lessened if there was at least another company or two in the market making these (As it would both back the legitmacy of the concept as more companies are making them, and require them to keep each other in check to prevent the in-the-future market for these from collapsing), if for no other reason that I can finally have an "official" currency using anime pictures (The current images they have are nice and pretty, but I feel like there is just little variety). But those are my thoughts. What are you're guy's takes on the concept?

>>46767 >What are you're guy's takes on the concept? I hate the fact that they used a negress on one of them, so I have zero respect for the concept based on that alone.

>>46767 >1/2000th troy oz gold sounds retarded, just buy actual bullion

>>47056 The bulion that's currently retailing for $4k an ounce? And that is SO valuable that you cannot actually do anything with it except hide it in a hole.

>>47059 Yes. You don't have to buy a full ounce and you can buy silver instead of gold if you're poor.

>>47060 >You don't have to buy a full ounce Oh, so buy a tenth of an ounce of gold for $400? >and you can buy silver instead of gold if you're poor The silver that jumped last month from $35 to $50 an ounce? And when the government begins regulating silver due to it being "more precious than gold" as it's a vital material used in developing "green technologies", and start breaking doors to collect it like they did with gold under FDR? Also, why not you buy both? As anyone who stakes their entire future solely on one asset is an idiot in the first place.

>>47063 >The silver that jumped last month from $35 to $50 an ounce? I have no regrets. How are your goldbacks doing?

>>47059 >And that is SO valuable that you cannot actually do anything with it except hide it in a hole. I'm unemployed and just sold a gold eagle for $4200, that buys me a few months survival. Hope I find a job soon but I have a lot more PMs if needed.

>>47400 >Any idea why silver is shooting up to $70? The value of silver is not going up. The value of the US Dollar is going down.

>>47433 >How are your goldbacks doing? When I made that post, a 1GB was worth $8.15. Now it's worth $8.95. So it's appreciated by about 10%. But that's also the case with gold, as that has appreciated by 8% in that same time, and the price of the Goldback is tied to the price of gold. But like I said, it's worth it to buy both. However now, especially with the price jumping to $70, the option for the average person is now reduced buying fraction amounts, when not buying junk silver. >>47435 >The value of the US Dollar is going down. Oh, that reminds me. Here's a copypasta of a post that I made last month about a problem that I don't see anyone really addressing. I made this after I bought a couple of items using Goldbacks: <Bought a few items with a couple of these yesterday, and found another problem with it gaining any validity. It stems from the fact that people are still tying the value to items to a certain number of dollars. Like I could get three of 1GB Goldbacks back when they amount 1GB was worth $7, watch as it's value raises to $9, and then walk into a store that accepts Goldbacks and walk out with $8 more in items than I could when I initially bought them. <This is sort of confusing so let me explain. Let's say you're a person with a couple of chickens, and those chickens have produced 1 dozen eggs (Or 1DE). You sell that carton of a dozen eggs (Worth 1DE) for a price that you have pegged at $10. And let's say that something like the Goldback comes along, which you accept as payment. And in this scenario, the 1GB is also currently valued at $10. Now, something happens that causes the price of the Goldback to go up from $10 to $20. This screws you over because now you're receiving a 1/2GB instead of 1GB since you pegged the price of your eggs (1DE) to $10 despite the fact that the value of the eggs (Worth 1DE) hasn't changed. All that has changed is the value of the dollar, and you were too "slow" to pay attention. <And I feel like this is one SIGNIFICANT factor I don't think people have actually taken a step back and realized. There's this local game store I go to that has had dozens of games sitting on it's shelf for years on end and have been valued at $10 since before Corona-chan. If the guy actually priced his items accordingly to inflation, he should be relabeling those games as NOW being worth $13 (Now extend that to the entire store). But how do you think this is going to effect his business? He's already complaining about how he isn't making enough money and just trying to ride thinks out until his lease expires, so what's going to happen if he reprices his game to account for inflation? If you weren't already going to be buying Fantavision for $10, how about now when it's $15? But like I said, this is part of the problem, because he's tying to the value of the games in his story to his trust in the dollar's value. <So if anything is going to come along to replace or being an alternative to a local currency, whether it be Goldbacks or cyrpto or something else, one of the things that needs to happen is that people need to start assigning alternate valuations to items that is disconnected from the local currency's value. In addition, there's also the problem of trying to explain this concept to the idiots who think that this prices "just" go up simply because people are "evil" and "greedy". A couple other things I want to mention. First, this post was not focussed on other problems that prevent an alternate currency becoming viable, such as how precious metals and crypto are taxed or how you cannot pay your taxes with precious metals or crypto. Second, and I think something more important, is that you should be doing this with more than just precious metals and alternate currencies. Video games are my big example, and one of the things I've been doing lately is taking games that I have beaten, didn't like, or somehow ended up with an additional copy of and have been trading them in to the game store in order to get other games. I've also been doing this with books, but that's a little screwd up because stores will only allow for the trade-in credit to account for half of your purchase instead of the full amount. I've tried to do the same with DVDs and PC games, but no one wants those.

>>47400 Just about to hit $80

>>47400 >>47460 I think I found one of the reasons why silver is spiking: >Trump’s 401(k) changes could dramatically impact your retirement account in 2026. Here's what you need to know archive.ph/pPTQ3 <In August, an executive order signed by President Donald Trump (1) opened the door for certain “alternative assets” like private credit, private equity and cryptocurrencies to be included in 401(k)s, expanding what Americans can hold in their 401(k)s and other tax-advantaged retirement accounts. <... <Traditionally, some alternative assets — such as private equity and hedge funds — were restricted to "accredited investors” who either had a net worth of more than $1 million (excluding their primary residence) or annual income exceeding $200,000, according to the U.S. Securities and Exchange Commission (2). <However, the alternative asset landscape has changed over the years, and retail investors are showing growing interest in these investments. A survey by market research firm Opinium found that 21% of retail investors have considered alternative assets, and another 5% plan to invest in them (3). <... <For instance, gold is often viewed as an alternative asset that can offer your portfolio greater stability if stocks are shaky. The precious yellow metal is also on a historic bull run, with the spot price hitting a high of about $4,300 per ounce in October (4). >Trump’s new 401(k) rules could shake up your 2026 retirement savings — are you ready? archive.ph/hbSG9 <Alternative assets in 401(k): A recent US executive order now permits alternative assets like private credit, equity, and crypto in 401(k)s, offering diversification beyond traditional stocks and bonds. While proponents highlight broader investor access, experts caution about complex risks and limited liquidity. Financial advisors suggest a cautious allocation, typically 5-10%, to navigate these new opportunities. This is pure speculation on my part, but it seems like Trump's plan to "save" the economy is getting everyone invested in everything and anything instead of having them rely ENTIRELY upon stocks and bonds. So unlike in '08 when all it took was the housing bubble to collapse and took everything with it, the economy is going to be far more diversified in where their wealth is located, which will soften any "major" shake-ups that occur (Like, I don't know, the AI bubble popping, or a PLA Invasion of Taiwan).

>>47063 >Oh, so buy a tenth of an ounce of gold for $400? Yeah I just looked it up and 1/10 ounce in goldback form is ~$950. Retarded. And the gold is stuck inside worthless toilet paper, which probably makes it difficult to melt down. You go ahead and buy your goldbacks, while I get the same gold weight for half the price.

>>47490 >which probably makes it difficult to melt down There's dozens videos of people burning these if for no other reason than to verify the claim that there is gold in those "bills". However the question is why would you do so? These are suppose to be used for transactional purposes. After it's already verified that these are gold, why would you need or want to melt them down? >Yeah I just looked it up and 1/10 ounce in goldback form is ~$950 Dude, where are you ordering from that where they're charging $950 for 100 GB when the 1GB note has yet to reach $9? Because just clicking on the first two sites listed in their "trusted suppliers" list: archive.ph/gzEkZ A 100 GB is being sold at below the current exhcange rate value ($8.66 for 1 GB, so $866 for a 100 GB): archive.ph/90Xct From as slim as a $6 dicount: archive.ph/in0K7 All the way up to a $32 discount: archive.ph/bdRtT <But you're still paying above spot. Yeah, and the guys running the program have been upfront about that matter, that a Goldback is about twice the spot value of the gold within the bill: odysee.com/@WatchmanPrivacy:1/Goldbacks:1 <But that's still above spot. Why even buy them at that point instead of pure gold? Counterfeit measures (Because the Chinks have been flooding the market with fake gold and silver for the past few years), ease of carrying them around (Because it is like a banknote), and the fact that businesses are already exchanging these things for goods and services (Over 3k in the U.S. according to their newsletter, with the network expanding to the U.K. and Canada: archive.ph/VSjPZ ). If you don't see the value in that, then just keep doing what you're doing.

>>47499 >Paying $866 for 1/10 ounce of gold My mistake, that's a way better deal. Enjoy your goldbacks bro.

>>47460 And finally did!