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Posted: 1/26/2021 11:01:56 PM EDT
[#1]
I'm pretty sure all of those people in NK or soviet Russia that starved to death would've gladly traded a pound of gold for a pound of flour.
Precious metals are fine and dandy. I don't think they're a great investment vehicle, and they're at the bottom of my list when it comes to "things to buy before I die of raiders and/or dysentery. |
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Posted: 1/26/2021 11:03:01 PM EDT
[#2]
Quote HistoryQuoted: Supply and demand. and manipulation. 
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Posted: 1/26/2021 11:06:00 PM EDT
[#3]
Mildly off topic...... But a great read of "Faction" that is a pretty good (scary) depiction of where we may be heading when the dollar collapses.....
PATRIOTS: A novel of survival the coming collapse by: James Rawles |
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Posted: 1/26/2021 11:06:06 PM EDT
[#4]
Quote HistoryQuoted: I love how gold will be the means of barter, but before we make this transaction let me break out my acid scale and graduated cylinder to make sure its not fake. Which reminds me I should buy some to the Chinese tungsten filled coins for my preps. Quote HistoryQuoted: Quoted: You mean when your iPhone battery is dead. I love how gold will be the means of barter, but before we make this transaction let me break out my acid scale and graduated cylinder to make sure its not fake. Which reminds me I should buy some to the Chinese tungsten filled coins for my preps. Pretty much. Saying you're "preserving wealth" by trusting your fellow man to value what you value (especially in an economic collapse scenario), is insane. May as well have been beanie babies or fidget spinners at that point, cause those krugs will have just as much use. |
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Posted: 1/26/2021 11:06:24 PM EDT
[#5]
Quote HistoryQuoted: Yup, gold is the boomers folly. What can you buy with bar of gold exactly? My friend bought a house and car with bitcoin. Quote HistoryQuoted: Quoted: Crypto is the new gold Yup, gold is the boomers folly. What can you buy with bar of gold exactly? My friend bought a house and car with bitcoin. 
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Posted: 1/26/2021 11:06:30 PM EDT
[#6]
Quote HistoryQuoted: It's almost like gold has no intrinsic value and its price is as arbitrary as anything else that only has value because people believe it does. Yeah? Well let's see you hop in a time machine with your bytecoins and try to barter with Caesar. |
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Posted: 1/26/2021 11:08:58 PM EDT
[#7]
Quote HistoryQuoted: Mildly off topic...... But a great read of "Faction" that is a pretty good (scary) depiction of where we may be heading when the dollar collapses..... PATRIOTS: A novel of survival the coming collapse by: James Rawles William devane's target audience, the Rawles Readers. |
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Posted: 1/26/2021 11:14:06 PM EDT
[#8]
Quote HistoryQuoted: People have not yet figured things out because of Gamestop, Robinhood, and sweet free Washington cash. OP, welcome the dips and take advantage of them. |
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Posted: 1/26/2021 11:14:31 PM EDT
[#9]
Quote HistoryQuoted: You can't eat gold. You can't shoot people with gold. You can’t eat anything but food and you can’t shoot anyone with anything but bullets either. I could replace “gold” in your statement with any other thing on the planet. That is a retarded statement. |
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Posted: 1/26/2021 11:18:00 PM EDT
[#10]
Quote HistoryQuoted: Crypto is the new gold |
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Posted: 1/26/2021 11:19:27 PM EDT
[#11]
Quote HistoryQuoted: Crypto has been going down too. Everyone is selling their crypto to buy GME. |
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Posted: 1/26/2021 11:21:54 PM EDT
[#12]
I learned from all of this gold/silver will only mean something to the aliens.
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Posted: 1/26/2021 11:22:02 PM EDT
[#13]
Quote HistoryQuoted: Crypto has been going down too. Quote HistoryQuoted: Quoted: Crypto is the new gold Crypto has been going down too.  
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Posted: 1/26/2021 11:22:24 PM EDT
[#14]
Stonks
???????? |
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Posted: 1/26/2021 11:26:18 PM EDT
[#15]
Quote HistoryQuoted: Gold is a shiny, heavy, yellow metal with little practical value. It pays no dividends. The market is limited. It relies on someone wanting to buy it at spot +/-. Guess what? When prices are high and you want to sell, the dealer also wants to sell and doesn't want to buy. It is historically a pretty poor investment. Prices are volatile, exactly the opposite of its claimed value as a hedge against inflation. In SHTF, if someone came to me asking to trade his gold for my ammo, gasoline, whatever, I say sure. I will give you a box of 9mm or 5 gals. of gas for your Krugerrand. That said, everyone should have a little. I prefer junk silver US coins TBH, it will never be worth less than the coin value. But it's bulky. This is where you are wrong . I have yet to see a dealer not buying even with prices up over the last 2 years. |
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Posted: 1/26/2021 11:26:24 PM EDT
[#16]
Quote HistoryExcept...It's consolidating...Not dropping...I don't believe we've hit the afterburners yet for the year.  Fully expect $150k+ BTC end of year. Might be a short term drop to $20k-$25k. Then, Yellen will proclaim BTC clear for takeoff in a couple months, while the other altcoins are determined illegal securities. BTC Zip. Zoom. Moon. With huge institutional investment.
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Posted: 1/26/2021 11:26:46 PM EDT
[#17]
 Failed To Load Title |
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Posted: 1/26/2021 11:28:25 PM EDT
[#18]
Quote HistoryQuoted: How does a guy go about buying physical gold and silver? I have a local dealer. Also Apmex and a couple of other big online dealers |
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Posted: 1/26/2021 11:28:29 PM EDT
[#19]
Quote HistoryQuoted: William devane's target audience, the Rawles Readers. Not sure who William Devane is...... But if you say so. |
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Posted: 1/26/2021 11:29:44 PM EDT
[#20]
USD debts are still in excess of money created while the velocity of money is dropping. The demand for dollars to pay down debt is the issue(even though a bunch of that demand is theoretically being postponed by executive actions related to rent and mortgage payments. It will get even worse when the market rolls over.
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Posted: 1/26/2021 11:30:30 PM EDT
[#21]
Quote HistoryQuoted: You can't eat gold. You can't shoot people with gold. I can shoot people with gold. It would be expensive. Gold also is still used in electronics. It can be used as fillings in your teeth. |
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Posted: 1/26/2021 11:33:21 PM EDT
[#22]
Quote HistoryQuoted: Except...It's consolidating...Not dropping...I don't believe we've hit the afterburners yet for the year. Fully expect $150k+ BTC end of year. Might be a short term drop to $20k-$25k. Then, Yellen will proclaim BTC clear for takeoff in a couple months, while the other altcoins are determined illegal securities. BTC Zip. Zoom. Moon. With huge institutional investment.Quote HistoryQuoted: Except...It's consolidating...Not dropping...I don't believe we've hit the afterburners yet for the year. Fully expect $150k+ BTC end of year. Might be a short term drop to $20k-$25k. Then, Yellen will proclaim BTC clear for takeoff in a couple months, while the other altcoins are determined illegal securities. BTC Zip. Zoom. Moon. With huge institutional investment.Bitcoin is your religion. |
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Posted: 1/26/2021 11:34:02 PM EDT
[#23]
Quote HistoryQuoted: Not sure who William Devane is...... But if you say so. Quote HistoryQuoted: Quoted: William devane's target audience, the Rawles Readers. Not sure who William Devane is...... But if you say so.  Attached File |
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Posted: 1/26/2021 11:34:51 PM EDT
[#24]
Quote HistoryQuoted: Pretty much. Saying you're "preserving wealth" by trusting your fellow man to value what you value (especially in an economic collapse scenario), is insane. May as well have been beanie babies or fidget spinners at that point, cause those krugs will have just as much use. Foreign governments the world over don’t maintain reserves of beanie babies or fidget spinners. |
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Posted: 1/26/2021 11:36:01 PM EDT
[#25]
Quote HistoryOk....Should I know who this is for some reason? |
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Posted: 1/26/2021 11:38:11 PM EDT
[#26]
Quote HistoryQuoted: Therin lies the problem. Sure, it has "value"... but how would one exactly use it in a transaction nowadays? Here is an example. Wtb ad for an ar upper offering gold in trade . I took in 2ea 1920s gold dollars and a 1/4 ounce us mint gold for the upper. Right now that gold alone is worth$642 in melt . The dollars have intrinsic value above melt . |
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Posted: 1/26/2021 11:42:40 PM EDT
[#27]
Quote HistoryQuoted: Bitcoin is your religion. Quote HistoryQuoted: Quoted: Except...It's consolidating...Not dropping...I don't believe we've hit the afterburners yet for the year. Fully expect $150k+ BTC end of year. Might be a short term drop to $20k-$25k. Then, Yellen will proclaim BTC clear for takeoff in a couple months, while the other altcoins are determined illegal securities. BTC Zip. Zoom. Moon. With huge institutional investment.Bitcoin is your religion. Money is everyone's religion in the west with a twist of Christian influence. We live our life by it typically. How much money you have determines much about how you live. Inflation is theft and immoral. BTC fixes that. |
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Posted: 1/26/2021 11:44:38 PM EDT
[#28]
Quote HistoryQuoted: The price is being manipulated. This. I expect we'll also see a "huge drop" in precious metals shortly before they go through the roof. Price manipulation has been a thing for many years now, don't trust it. Economics always wins in the end. |
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Posted: 1/26/2021 11:45:28 PM EDT
[#29]
Quote HistoryQuoted: Foreign governments the world over don’t maintain reserves of beanie babies or fidget spinners. Quote HistoryQuoted: Quoted: Pretty much. Saying you're "preserving wealth" by trusting your fellow man to value what you value (especially in an economic collapse scenario), is insane. May as well have been beanie babies or fidget spinners at that point, cause those krugs will have just as much use. Foreign governments the world over don’t maintain reserves of beanie babies or fidget spinners. The economy crashes. No bread in the bread lines. Neighbors cooking his dog over a burning tire. Your kid's goldfish is looking mighty scrumptious. There's nothing around that recognizes your wealth. Your latest trade for a oz was for a half empty tank of propane, ironically your neighbor got a loaf of sourdough for one of his pmags. Sweet, Switzerland likes gold, but you're stuck in Topeka, and shit sucks for you. How exactly is a kurg preserving your wealth in this situation? |
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Posted: 1/26/2021 11:45:53 PM EDT
[#30]
Quote HistoryQuoted: Crypto is the new gold This. Money that would have flowed into gold is now moving to crypto. |
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Posted: 1/26/2021 11:47:52 PM EDT
[#31]
Quote HistoryQuoted: Ok....Should I know who this is for some reason? Quote HistoryQuoted: Ok....Should I know who this is for some reason? Nevermind, jokes aren't funny if you have to explain it |
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Posted: 1/26/2021 11:48:33 PM EDT
[#32]
Quote HistoryQuoted: The economy crashes. No bread in the bread lines. Neighbors cooking his dog over a burning tire. Your kid's goldfish is looking mighty scrumptious. There's nothing around that recognizes your wealth. Your latest trade for a oz was for a half empty tank of propane, ironically your neighbor got a loaf of sourdough for one of his pmags. Sweet, Switzerland likes gold, but you're stuck in Topeka, and shit sucks for you. How exactly is a kurg preserving your wealth in this situation? Quote HistoryQuoted: Quoted: Quoted: Pretty much. Saying you're "preserving wealth" by trusting your fellow man to value what you value (especially in an economic collapse scenario), is insane. May as well have been beanie babies or fidget spinners at that point, cause those krugs will have just as much use. Foreign governments the world over don’t maintain reserves of beanie babies or fidget spinners. The economy crashes. No bread in the bread lines. Neighbors cooking his dog over a burning tire. Your kid's goldfish is looking mighty scrumptious. There's nothing around that recognizes your wealth. Your latest trade for a oz was for a half empty tank of propane, ironically your neighbor got a loaf of sourdough for one of his pmags. Sweet, Switzerland likes gold, but you're stuck in Topeka, and shit sucks for you. How exactly is a kurg preserving your wealth in this situation? And this, ladies and gentlemen, is why in a full shit hits the fan masturbatory scenario of EMPs or whatever else you conjure up it doesn't matter if you hold gold, BTC, cash, or ass...Well...maybe ass still has a value as you sell yours for a one pound bag of flour.
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Posted: 1/26/2021 11:49:56 PM EDT
[#33]
 $1 Moon, here we come! |
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Posted: 1/26/2021 11:50:01 PM EDT
[#34]
Quote HistoryQuoted: Because people realize shiny trinkets won't do shit for you if the dollar really collapses. Thats my guess. |
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Posted: 1/26/2021 11:51:50 PM EDT
[#35]
Quote HistoryQuoted: This is where you are wrong . I have yet to see a dealer not buying even with prices up over the last 2 years. Quote HistoryQuoted: Quoted: Gold is a shiny, heavy, yellow metal with little practical value. It pays no dividends. The market is limited. It relies on someone wanting to buy it at spot +/-. Guess what? When prices are high and you want to sell, the dealer also wants to sell and doesn't want to buy. It is historically a pretty poor investment. Prices are volatile, exactly the opposite of its claimed value as a hedge against inflation. In SHTF, if someone came to me asking to trade his gold for my ammo, gasoline, whatever, I say sure. I will give you a box of 9mm or 5 gals. of gas for your Krugerrand. That said, everyone should have a little. I prefer junk silver US coins TBH, it will never be worth less than the coin value. But it's bulky. This is where you are wrong . I have yet to see a dealer not buying even with prices up over the last 2 years. I think dealers are more inclined to buy when prices are increasing: higher demand (lower supply) allows dealers to justify higher commissions as a percentage of the spot price. |
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Posted: 1/27/2021 12:02:20 AM EDT
[#36]
Quote HistoryQuoted: Like, say...a dollar? you didn't see me say otherwise did you? Gold is just another currency. It MAY retain value better than paper money. It may not. |
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Posted: 1/27/2021 12:04:21 AM EDT
[#37]
Nobody is twisting anyone's arms to buy gold silver bullets guns knives sex robots or whatever ever you think is worth money. EMP will cancel this argument and more. I will keep my little bit of metal.
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Posted: 1/27/2021 12:04:47 AM EDT
[#38]
Quote HistoryQuoted: Yeah? Well let's see you hop in a time machine with your bytecoins and try to barter with Caesar. What in the fuck about my statement about no intrinsic worth leads you to think I believe anything different about bitcoins? |
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Posted: 1/27/2021 12:05:51 AM EDT
[#39]
Quote HistoryQuoted: Oh come on now, you would rather have $20,000 in paper money than my little tin box? https://www.ar15.com/media/mediaFiles/335547/DB8490FC-D9E1-4B7A-B8CA-6E5282C381D5-1798354.jpg   |
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Posted: 1/27/2021 12:05:56 AM EDT
[#40]
In a properly functioning market, with money being printed at the rate it is, gold would be 2x-4x higher than it is currently...at minimum.
Ever see the movie The Big Short? Michael Burre saw the trend and recognized the bubble. Plan accordingly. |
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Posted: 1/27/2021 12:06:35 AM EDT
[#41]
Quote HistoryQuoted: The economy crashes. No bread in the bread lines. Neighbors cooking his dog over a burning tire. Your kid's goldfish is looking mighty scrumptious. There's nothing around that recognizes your wealth. Your latest trade for a oz was for a half empty tank of propane, ironically your neighbor got a loaf of sourdough for one of his pmags. Sweet, Switzerland likes gold, but you're stuck in Topeka, and shit sucks for you. How exactly is a kurg preserving your wealth in this situation? I suppose that explains why in the final days of every major conflict or collapse of government over the last 10,000 years, everyone has discarded their worthless gold but instead grabbed their goldfish and half empty tanks of propane before they ran off into the hills. |
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Posted: 1/27/2021 12:09:38 AM EDT
[#42]
Quote HistoryQuoted: I would much rather have $20k in a well diversified portfolio than shiny yellow metal coins that no one will take in exchange for anything I actually want. Quote HistoryQuoted: Quoted: Oh come on now, you would rather have $20,000 in paper money than my little tin box? https://www.ar15.com/media/mediaFiles/335547/DB8490FC-D9E1-4B7A-B8CA-6E5282C381D5-1798354.jpg I would much rather have $20k in a well diversified portfolio than shiny yellow metal coins that no one will take in exchange for anything I actually want. Get both |
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Posted: 1/27/2021 12:09:43 AM EDT
[#43]
Quote HistoryQuoted: Like, say...a dollar? Quote HistoryQuoted: Quoted: It's almost like gold has no intrinsic value and its price is as arbitrary as anything else that only has value because people believe it does. Like, say...a dollar? I lol'd at that one. I don't have a horse in this race I'm i've never invested in gold and just reached a point in my life in general where I'm comfortable to diversify my assets and invest in things. In all honesty I know this is a terrible time to be uneducated and investing so lately I've just been buying things that align with my hobbie which seems relevant with everything going on. That being said and of course I'm no expert on these things but cash is literally paper and ours is likely backed by nothing at this point. On top of the fact they keep printing it and in my area they're raising the minimum wage I don't expect that to last long. Crypto currency is popular and on the up and up but I would suspect its future is largely up to the direction of the world in the next couple of years. If they got the reset they wanted I doubt it'll be bitcoin itll be scissor coin or whatever Universal income bs credit chip they come up with or some shit. Lastly I keep seeing people say gold is a worthless hunk of metal. Do people not realize gold is a conductor used in electronics. Never mind the fact that its held value for human history. Again I'm not educated on these things but the fact that its used in electronics alone would make me suspect its worth more than paper and some shit your computer says you own? |
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Posted: 1/27/2021 12:12:15 AM EDT
[#44]
Quote HistoryQuoted: I suppose that explains why in the final days of every major conflict or collapse of government over the last 10,000 years, everyone has discarded their worthless gold but instead grabbed their goldfish and half empty tanks of propane before they ran off into the hills. Quote HistoryQuoted: Quoted: The economy crashes. No bread in the bread lines. Neighbors cooking his dog over a burning tire. Your kid's goldfish is looking mighty scrumptious. There's nothing around that recognizes your wealth. Your latest trade for a oz was for a half empty tank of propane, ironically your neighbor got a loaf of sourdough for one of his pmags. Sweet, Switzerland likes gold, but you're stuck in Topeka, and shit sucks for you. How exactly is a kurg preserving your wealth in this situation? I suppose that explains why in the final days of every major conflict or collapse of government over the last 10,000 years, everyone has discarded their worthless gold but instead grabbed their goldfish and half empty tanks of propane before they ran off into the hills. And they traded all their tangible wealth/gold for a moldy biscuit. Butbutbut wealth preservation, amiright? |
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Posted: 1/27/2021 12:13:45 AM EDT
[#45]
Sell Gold, buy AMMO
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Posted: 1/27/2021 12:14:01 AM EDT
[#46]
Quote HistoryQuoted: Get junk silver dimes - in a pinch you can load them into 12 guage shotshells and use them on Werewolves and Vampires.  You sure don’t post much but when you do it’s worth listening to. |
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Posted: 1/27/2021 12:18:44 AM EDT
[#47]
Quote HistoryQuoted: Crypto has been going down too. Quote HistoryQuoted: Quoted: Crypto is the new gold Crypto has been going down too. Biy NOW. This is the opertunity of a lifetime. Lots of Big finance institutions are getting into crypto now because they see where it is heading. Some say they crashed it so they can buy in low. Either way, add it to your portfolios. |
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Posted: 1/27/2021 12:28:13 AM EDT
[#48]
Quote HistoryQuoted: The very same people that are saying gold and silver are worthless are the very same people that can't buy squat when the computers crash and their debit cards don't work. Because they also say carrying cash is stupid also. Trust me I've seen this happen first hand. Here in Florida after hurricanes and phone lines and power are out. Cell phones don't work too sometimes in certain areas. No cash your screwed. To say the samething about a currency that's been used throughout known history. Well OK then. People flip out when everything stops working. I saw a few become violent because they could not buy food, water or gas because plastic does not work. Gold, silver and even cash does work. In the real world. Especially during emergencies. I'd take gold and silver in a heart beat as a currency as do some other places will. Privately own of coarse. Wal-Mart won't even take cash when power goes out to be fair. LOL by ma and pop stores will. I do not buy gold or silver as an investment. I invest other ways. I do buy gold and silver though. As a physical asset |
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Posted: 1/27/2021 12:29:45 AM EDT
[#49]
'TO THE MOON!'
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Posted: 1/27/2021 12:35:49 AM EDT
[#50]
Quote HistoryQuoted: You can't eat gold. You can't shoot people with gold. This guy disagrees 
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