Gold Bar | VLR.gg

#1

FDWC-

how much does 1 gold bar cost?

https://youtu.be/1SNzygtj5L4?t=38

and do FaZe get a cut?

#2

WACC

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personally, Id be pissed

gold bar isnt as liquid as cash

#3

FDWC-

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nah im picking gold bar over cash anyday of the week LMAO

#6

kumi

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why

#7

FDWC-

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its a great long term investment imo

#9

kumi

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so is cash

#10

KarmaBalance

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Cash is never a good investment long term, inflation exist

#11

acels2

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didnt know we have economics professors on this forum

#12

YeaUrMum

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You'll ofc reinvest it somewhere else which is likely going to have better growth than gold

#13

kumi

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this is the kind of thing someone who keeps all their money in a checking account would say

#14

WACC

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Lol, u monke never heard the saying "cash is king"?

Remind me when brokers start accepting gold bars as payment

#16

kudos

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The U.S. dollar was once backed by 1.50 grams of gold held in the Federal Reserve the gold standard was the basis for the international monetary system, it is highly liquid and can be converted to cash in almost any currency with relative ease. I would rather invest in something that has a history in proving to be valuable than something that has been built on a house of cards for the past 40+ years and with $32 trillion in debt and counting and Saudi Arabia now accepting Yuan instead of the dollar for Chinese oil sales, how much longer will the U.S. dollar be the World's Reserve Currency?

#15

Faraday

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It's clearly not, nobody with wealth puts it in gold

Why would you ever put it in gold over a index fund that has better returns and is less volatile?

#4

Ailed

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Don’t orgs take prize cuts as well I feel like this would be such a pain

#5

FDWC-

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apparently faze don't get any cut from that gold bar according to YT comments

they only get a cut from the prizepool

#8

lulshotXD

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Faze won grandslam - 1$ million ez 💰