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/leftypol/ - Leftist Politically Incorrect

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File: 1641712332530.png (210.28 KB, 1928x1138, M1 money goes brrrr.png)

 No.682920

Please hear me out before dismissing me as a shill.
I know there are lots of rightoids who are ideological gold/silverbugs because of "muh Austrian economics" and other nonsense. "Silver Ends the Fed" is a popular chant on parts of 4/chan.
However, just because this line is being pushed by some rightouds, it doesn't mean that they are fundamentally wrong. The fraction reserve system of our capitalist system would collapse if enough people withdrew their money from banks and bought physical gold (or better silver, since it is more abundant and cheaper). If sufficient numbers of people, whether they are leftists, rightoids, or apolitical sheep, then our capitalist system as it is currently structured would collapse.
It would also accelerate a dynamic of hyperinflation - a dynamic I would say we are already in the early stages of. Assuming hyperinflation is coming, leftists should buy silver in order to have economic power in the post-inflation era; otherwise only cooky survivalist rightoids would have the only "money" with any remaining value. Imagine if communist organizations or individuals in Germany had stockpiled gold and silver in the early Weimar days - they would've been in a much better position against the Nazis.
Leftists trading their USD for silver is not only accelerationst praxis, it is also probably just a good idea anyway.

 No.682927

BUY GAYSEX COIN
THEY DON'T WANT YOU TO KNOW ABOUT THE POWER OF $GAYSEX

 No.682930

>>682927
>implying I don't already know the power
Regardless, the rise of buttcoins and memecoins clearly indicates the accelerating process of late stage capitalism - wild speculation on literally anything and essentially nothing.

 No.682933

>>682930
Has someone made a tulip coin yet?

 No.682937

fiat is easier to exchange for the average person that isn't a dedicated porky
a big motivation for silver/goldbug rhetoric is that it can separate precious bourgie you from the unwashed masses

 No.682939

Why buy silver over gold when having even modest amount of silver (in terms of value) will need a big suitcase for transportation when equivalent amount of gold coins fit in a jacket pocket?

 No.682941

>>682937
Silver is currently something like $22 per ounce, less than a third of its peak price in the early 1980s. Lots of plebs can still afford some.

>>682939
You'd need only about five ounces of silver for $100 worth of groceries, it is entirely feasible as a medium of exchange for normal purchases. Regardless, I'm not arguing that it would be the best currency in an ideal society, I'm saying if enough people withdraw their fiat and buy either gold or silver, it *would* inevitably destroy our current capitalist monetary system, which is headed for destruction anyway.

 No.682943

>>682941
the problem isn't prices, the problem is everyday fungibility

 No.682945

>>682943
I understand that, and I'm not advocating for silver as the ideal currency under ideal political circumstances. What I am saying is that purchasing silver is accelerationist praxis, our monetary system is doomed regardless, and if leftists don't acquire some precious metals soon there is a high likelihood that the main beneficiaries of the impending monetary collapse will be rightoids of various stripes.

 No.682946

Nope pure fantasy.

 No.682948

Why not just put your money into a credit union?

 No.682952

>>682948
Less bad than a big corporate bank I suppose. However, the reality is global capitalism is facing a systemic crisis that its masters cannot escape from. Interest rates are far below inflation and the debt burdens are unsustainable. Food and energy prices will continue to rise and hyperinflation is likely. Before the end of this decade you might be paying $100 for a Happy Meal.

 No.682953

>>682952
If fiat loses it's purchasing power I don't think precious metals will remain useful either. In such cases bullets and fuel are better investments.

 No.682958

>>682953
It depends on the nature and scale of collapse. Bullets, food, land, fuel (and most important friends) are the only things that give you a shot under total Mad Max conditions.
However, precious metals are better if the US and Europe are headed to Weimar Germany or post-Soviet conditions, as I believe they are. People weren't going around eating each other in Berlin in 1920, but they were poor as shit if they didn't have silver or gold.

 No.682959

>>682958
Ok good point.

 No.682961

>>682946

https://www.marxists.org/archive/marx/works/1859/critique-pol-economy/ch02_4.htm
>The question why gold and silver, and not other commodities, are used as the material of money lies outside the confines of the bourgeois system.

https://www.marxists.org/archive/lenin/works/1917/ichtci/10.htm#v25zz99h-357
>This raising of prices involves a new chaotic increase in the issuing of paper money, a further increase in the cost of living, increased financial disorganisation and the approach of financial collapse. Everybody admits that the issuing of paper money constitutes the worst form of compulsory loan, that it most of all affects the conditions of the workers, of the poorest section of the population, and that it is the chief evil engendered by financial disorder.

 No.682962

>>682933
Based fellow class traitor petite bourgeois investor. Nice reference.

 No.682964

too few of us to affect the price

 No.682966

>>682964
Globally there are 100 million+ members of literal communist parties.
Regardless, rightoids are already buying PMs for ideological and personal reasons. Some normies are starting to buy PMs because of inflation fears, and assuming inflation keeps accelerating, so will that process.
Also "never doubt small group dedicated people something something"

 No.682975

File: 1641716788886.png (126.64 KB, 534x396, coom.png)

Game can only be played until the government decides to mandate the sale of gold to itself.

 No.682985

>>682975
The resulting rightoid chimpout would be so spectacular that it could only accelerate the acceleration, especially because the government would have to be extremely desperate at that point.
At any rate that's an argument for silver, and both gold and silver can be hidden pretty easily.

 No.683040

>>682945
that's not how any of this works
accelerationism is liberal retardation that can't understand the real nature of collapse and crisis

 No.683116

funny coincidence OP, I bought 20oz of silver just before new year's. partly because gold is overvalued but mostly because I finally found somewhere in Europe where you can buy silver and gold with bitcoin
it still hasn't shipped ;_;

 No.683136

>>682920
fractional reserve banking is a meme, lending creates deposits not vice versa.

 No.683184

>>683136
based and MMT pilled

 No.683189

>>682920
How about bronze?

 No.683198

File: 1641728933103.jpg (1003.68 KB, 1322x2909, Swedish_plate_money_in_the….jpg)

>>683189
bronze is mostly copper
Sweden used copper money in the 1600's-1700's. it's.. not too practical
what might be worthwhile is speculating on an increase in the price of copper

 No.683224

File: 1641730705637.png (39.42 KB, 300x295, thumb_with-jews-your-free-….png)

you might try *junk silver*. aka junko silver

 No.683308

>>683224
I've looked at auctions at the local pawn shop. silver goes for about ½ market price. almost worthwhile setting up for silver purification

 No.683348

File: 1641739325025-0.jpg (72.43 KB, 1187x759, silverprice-over-a-century.jpg)

File: 1641739325025-1.jpg (46.25 KB, 1065x681, silverprice-recent.jpg)

>>682920
Silver prices looked over a century are very volatile. An price peaks are short lived, that makes it a bad idea to buy high, isn't there something that is more stable ?

There was a price troth in march 2020 and a price peak in August 2020 and now it's trending downwards. Why would you buy now ? Should you not wait for it to reach the bottom of the troth before you buy.

Your graphic is very confusing by the way.

 No.683391

>>683348
how do you know prices haven't reached a minimum?

 No.683395

>>683348
https://ethereum.org/en/stablecoins/

 No.683404

>>683348
https://www.investopedia.com/terms/m/m1.asp
that's what the graph is measuring. the federal reserve printed a fuckton in 2020 cuz the pandemic made it freak out

 No.683496

>>683391
>how do you know prices haven't reached a minimum?
You have to know what a commodity costs in labor time, so you know the actual value of the commodity.
Exchange value (market prices) fluctuate below and above the actual value. If exchange value drops below actual value, it's a good time to buy, because that's a guarantee that prices will go up, because nobody can sell below the cost of production forever. To find the perfect time to buy you have to find out the material factors of production. I don't know if commodity speculation is worth it though because producers hate speculators driving up material input prices, therefore they negotiate long term supply contracts that bypass speculators. So in the open market it's just a zero sum game of speculators trying to game each other out of their money, and there is also the possibility that money printing, spills out of pure finance and leads to inflation for speculative commodities.

>>683395
it says that stablecoins are stable because they are backed by fiat currency, which would make them a poor instrument to insure against unstable fiat currency.

>>683404
oh the graph in OP isn't showing silver, it's showing the quantity of dollar currency, got it.

 No.683510

OP is fucking retarded

 No.683570

>>683496
>You have to know what a commodity costs in labor time, so you know the actual value of the commodity.
yes anon, but I'm asking the other anon how they know this. because I suspect they're just looking at the price and going "it's totally going to go lower you guise!" with nothing to back it up


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