012c74 No.15927386
>EA stocks dropping
>Ubisoft stocks dropping
>Take-Two stocks dropping
>Activision Blizzard stocks dropping
>Microsoft stocks dropping
>Sony stocks dropping
>All companies have been dropping stocks in the past 6 months
I don't think its going to be as bad as Crash of 1983, but we are seeing huge companies in decline.
Seems like a crash is coming soon.
c1bfda No.15927414
>>15927386
I would not complain if the fire rises, though right now I wouldn't hold my breath for a wreckage with no survivors. Things overall seems to be in a bear market. I recently bought some mutual funds, while I did get more shares for my shekels I still have some worries when the market will bounce back somewhat. Triple Aaayyy can burn to the ground though, the ashes can serve for much needed fertilizer.
05e754 No.15927434
>>15927386
It's just a stock market trend it doesn't mean anything. It's not just these companies almost all tech companies have had their stock drop. So companies that have more money than most countries like Apple also have their stock dropping. This is also NASDAQ not New York Stock Exchange. It's predicted it'll start picking up in 2019 once the current trend dies down.
130a97 No.15927435
Never underestimate the endless supply of Judeo-Marxist money. Salon magazine, pushers of pro-pedo degeneracy, has literally never turned a profit since its creation. It's backed entirely by globalist kike money.
ca56e8 No.15927440
EA will survive solely from Sportsball.
44b132 No.15927455
Is you gon learn youself some English, muhfuggu??
488c47 No.15927477
>everybody getting ready for a short and consolidation
>drop hastily made hot trash in 2019
>make hundreds of millions
Happens every two or three years, OP.
5d3b4e No.15927496
2 things happening:
>muh wall so jews are shutting down the economy in revenge
>tech industries getting investigated over child trafficking
That sort of thing is really bad for stocks.
21db4c No.15927540
>>15927386
Yes they are dummie, just like 1983. If you had been paying attention you would have noticed.
This crash will be caused by back logs. People will turn to older titles rather than newer ones.
Places like this are usually ahead of the curve and people here have been preferring older games for years.
Their's just more content by going back in time, everything nowadays is too chopped up. All the content in current games is locked behind shitty paywalls like MTX and loot boxes.
The 1983 crash was caused by shitty games clogging up shelf space (yes, shelf space was an important thing in 83) In other words, it was caused by a lack of digital distribution.
This crash will be caused by digital Judaism, with all these companies coming up with more and more elaborate monitization schemes people will tune out eventually. They'll turn to older games.
58ccef No.15927627
>>15927386
Twitter stock went into the one digits two years ago and nothing happened, will be the same with the AAA devs, they'll fire some board members and call it a day.
2d969b No.15928126
>>15927386
What did EA CEO Andrew Wilson mean by this?
012c74 No.15928208
>>15928126
It means GET WOKE GO BROKE.
423e69 No.15928211
bfe852 No.15928219
>>15927386
>that blizz drop
Guess people dont really have phones.
0e3454 No.15928225
>>15928126
CEOs do that pretty regularly.
c75458 No.15928250
As someone who doesn't understand anything about stocks when exactly does something crash?
People have been making these threads for the last 10 years but all the same companies are still here making games and consoles.
423e69 No.15928261
>>15928250
It means they're seeing less money being invested into their companies as shareholders take their money somewhere else.
92483d No.15928305
>>15928250
> exactly does something crash?
When it costs too much to make something with continually lower margins to the point their increasingly bloated rereretakes on their previous products no longer sells and revenues go negative.
Crashes happen all the time.
b78963 No.15928419
>>15928250
2008 and that stock market recession caused many gaming company's stock to majorly crash and burn for a little while, leading to some of the shady business practices and monetization schemes we've seen plant itself in the industry as digital purchases have ramped up more and more. And all the shitty cash grabs that have made a mockery of different franchises or shit that's been rushed out the door with the idea that it can be beta tested by those who buy a game at launch and patched later.
3501c7 No.15928455
>>15928419
EA had its last run in the immediate aftermath of the recession, who knows what would've happened if the jews didn't crash their shit
Even FIFA and NHL had their game changing titles in 2008 and 2009 with NHL 09 and FIFA 10. Mirror's Edge, Dead Space, The Saboteur, there's another one i don't recall. Sure, there was also Mercenaries 2…
c9659a No.15928516
>>15927386
>Is the AAA companies heading to a crash?
With any luck they are!
bf30bb No.15929741
>>15927540
> Good post
> gets ignored
I get you anon I really do.
Games aren't only competing agains new releases, but against:
- Shovelware that's 1.99 in steam
- PUBG clones / assfaggots / assorted multiplayer games with addicted bases.
- The entire history of games already released
There is a reason why there's nintendo mini, sega mini, playstation mini, etc.: "Remember old games? Don't forget our new games!"
206dd6 No.15929788
>>15928419
That's interesting to see how every game company has similar issues with their stock prices, and 2008 is right around where video games in general started their downward spiral into becoming irredeemable trash. That would also explain the odd behavior of companies going out of their way to appeal to SJW asswipes, they're desperate for chasing the next big thing and they're probably looking at shit like social media trends to make decisions. Everyone's gone insane with censorship and lefty talking points in games because social media is full of identity politics and MSM garbage.
a56770 No.15929824
>>15928419
the video is 100% spot on. That games industry recession of 2008 was extremely bad for us I don't think people realised at the time how bad it had been. But immediately after that I started to notice more and more clients pushing Microtransactions and Lootboxes (some of the earliest in the industry).
What happened in 2008 is happening again. There's no doubt. Anyone saying it isn't clearly isn't noticing the external factors in the world. Its not just video games, its the entire global economy. Most economists are predicting a global recession again. When these AAA publishers haven't recovered from 2008 still, I would anticipate that the coming crash will be even worse for them. Lot of studios will shut leading to an eventual bigger crash overall as by that point these publishers will be barely able to keep the customers they have, china can only do so much for them.
As a survivor of the 2008 crash I welcome this shit. I tended to thrive better after the crash. Granted my employers treated me like shit. But I had some of the better years of my career afterwards.
I think the Indie market is way worse off though. They have really lowered their standards. Granted that market crash already happened and still is. We're seeing games make $0 and then the idiot hipster write an article explaining how unfair the games industry is. The reply to that is, MAKE A FUCKING GAME PEOPLE WANT THEN!.
488c47 No.15929831
>>15927616
>he doesn't know how money works
Money is fucking infinite you mongoloid.
Whichever Jew is head of the fed can issue them to print 999 trillion dollars and destroy the world whenever they want. No government in the world is in control of them. They can do it any day.
72a218 No.15929835
The crash will come not when the AAA lose too much money, but when the normalfags finally lose confidence in those companies. We are getting nearer to that, but there's still plenty of fucking morons ready to buy whatever gets a commercial during Monday Night Football, or to play the fucking sports ball video game itself and buy the same thing year after year.
488c47 No.15929890
>>15929868
>the Jews have lost
Are you from the future?
488c47 No.15929919
>>15929895
>>15929897
>deleting your posts out of embarrassment
>claiming I said Jews have won
They're 1 step from victory.
Printing money infinitely and crashing the world economy, ending in full out nuclear world war, is a Jewish win.
This is why it's so important to destroy the fed.
1755c2 No.15929943
Stocks are garbage and mean fucking nothing. They're only as worthwhile as the arbitrary value attached to them- all it takes is a couple of greedy money-grubbing merchants to say "Oh, yeah, this is sure worth a LOT of money… buy now!!". Then they take said money - which itself is also worthless - and gobble up things of actual value such as property, resources, culture, etc.
Every form of public trading should be illegal, along with usury.
dc03f3 No.15929957
The entire stock market is crashing don't get your hopes up retard
d0ff98 No.15929981
>>15929957
Any moron can claim this but without pointing to specifics you're just another retard.
fdcf42 No.15929990
>>15927540
Damn it anon saying things like that makes me too hopeful for a future that we may never get. I can only imagine where people push back into older vidya and all of the great titles from the past get more well-deserved love. This would mean even larger modding communities and fuck me if that doesn't sound great.
dc03f3 No.15930031
>>15929981
What just look at it are you retarded fuck off this vyda industry market isn't isolated in it crashing
b7b60f No.15930069
>>15927386
>muh stocks
>Ignoring the record-breaking amount of sales for AAA trash like soy of war, spoderman, RDR2, smash and MHW
I get you want to feel hopeful for the new year, but you're burying your head in the sand here.
3a2dcc No.15930078
>>15930069
>Ignoring record breaking FAILURES like Battlefield: Vagina and Fallout 76 players.
9a699d No.15930256
It's like the the entire market is taking a hit…. hmm wonder if they have a name for it… makes me think.
Granted EA and what not are taking more hits than the rest..
9a699d No.15930264
>>15928419
When was that video made? They went past 50 and then some at 2015. The been their highest since 2015.
92483d No.15930360
>>15929831
>Money is fucking infinite
Value is not
32bebe No.15930379
>>15929990
>This would mean even larger modding communities and fuck me if that doesn't sound great.
Or it can also mean corps/jews trying to decimate places that share old titles so that they can be sold in another marketplace, just like jewtendo did with emuparadise and isozone. There will remain alternatives, they will just be harder to find.
anybody has that morrowind adolf post where anon shared collections of vidya roms in 1fichier links? I deleted my notepad file by accident
de0313 No.15930385
>>15927386
Could be the market is correcting itself. The tech bubble has been overly inflated for fucking ever, and has been long due to a crash. I'm mostly just happy that EA is getting fucked in the ass, greedy kikes that they are.
8303bd No.15930447
>>15929895
why did you stop using tor?
c0a60e No.15930448
98aac4 No.15930489
>>15930447
He wanted to post smug anime girls in some other thread
160d11 No.15930608
>>15927435
the issue is with the pedo shit its a two sided coin. Nathan Larson showed this first hand. back long ago, in better times it was not uncommon for a 30 or 40 something man to have a 15 year old wife. nobody thought twice about it. though gay pederasts are definitely a globalist pushed agenda. straight guys into JB only became an issue when feminists decided it was. tbqh, we're ready for a new year zero, especially in the west. globalism goes back to the days of Karl Popper and Leon Trotsky, in all actuality despite the latter being a kike, Karl was the worst offender, against Hegel and Plato and everything any continental philosopher stood for until then. for fucks sake Soros named his stupid nonprofit (nice meme jew) after one of his books.
78b4bf No.15933807
>>15929824
The flipside of a crash means that Chinks are going to buy these stock dips, and force themselves into the market shares of these companies by a much larger margin.
The shit that we saw in R6S is only a microcosm of the kind of shit that chinks are going to try to force control over with other devs. This whole "muh feminism" shit is going to feel real fucking quaint in comparison when suddenly games are all adopting the same Tencent model, especially where user analytics are concerned.
We won't be drinking verification cans, but entering our socials instead of disposable E-mail addresses and usernames is much more frightening.
On the good note, this means that the indie scene might actually get some much-needed talent from the AAA falloff, instead of ear-gauged, limp-wristed faggots from San Francisco that make pretentious pixelshit which comprises the majority of that scene now.
We could be on the cusp of seeing a reinvention of video games of the 80s-90s in the indie scene, but the AAA front might end up looking like some shit straight out of Black Mirror, but in ching-chong.
862ad1 No.15933812
The most retarded part about blackpillfag is that if he was truly black pilled he wouldn't care at all about what people on /v/ think, much less put time and effort into making cuckchan tier wojak memes.
92a62c No.15933880
>>15933837
This retarded nigger always speaks in retarded platitudes. Dead easy to spot.
32a4d5 No.15933894
>>15933770
>ignoring huge failures in the industry
>not posting any sources
>assuming (((media))) propaganda about kids cutting their dicks off means the majority will do it
>unironically using wojack memes
Totally organic post right here
9d3896 No.15933934
>>15927386
>entire stock market is only a year from a crash to make the Great Depression look like a good day
<GIZE IS THE VIDJA INDUSTRY FINALLY CRASHING
<EVEN THOUGH NOTHING CHANGED AND WE DID NOTHING AND NO ONE WOKE UP TO THE JEWS AND THEIR PROPAGANDA
What do you think.
b2c291 No.15934704
>>15934396
>>15933934
dunno, that blizz immortal stunt while literally nothing else to show pissed even blizzdrones off, there's a reason actiblizz crashed harder than the average (it's not THE reason, but definitely contributed). same with all the fallout normalfags and 76.
sure, you'll always have a high amount of ignorant retards, but those can only be easily exploited until public perception shifts, and good luck getting out of that once that happens (and speaking of public perception (((they))) didn't fare to well in germany 70 years ago, so there's that).
>>15933807
chinks invest outside to have a safety net when china inevitably implodes (either economically or politically), and that's only in case the rest of the world doesn't beat them to the punch. who owns what means nothing when video games become a luxury.
the siege shit was self-censorship to have less hassle getting approved, same with companies removing gore and swastikas for german releases etc. and has already been reverted.
as for cheap chink copies, those only work in china to begin with since they have no other option. playing on a global scale is quite different than exploiting bugmen with the support of the only political party. I mean just check how the korean business model fared in the west.
tencent is still cancer, but that picture is quite misleading.
b87cbe No.15934751
Western AAA bought a generation with a mass media blitz pushing a narrative that japanese games are dead and need western appeal back in 2007. All the companies listed about and Microsoft had a part to play, from EA dropping movie license games to make original IP's to Microsoft thirsty for that ps2 money.
For a long time it worked and 'wider market western appeal' destroyed the japanese big budget market while smartphones were an unintended ally to the west that killed smaller studios off and removed them from the pc and console ecosystem entirely.
But western AAA kept raising the water to boiling on the 'if we do it in slow increments of funpay minibuys the frog doesnt realise its paying 8 times the retail price for a game whos locked to online servers we will shut down when the sequel comes out" to the point even the mainstream cattle that got into games when the marketers pushed 'im such a nerd xD' culture are wise and tired of it.
So meanwhile japan has had a chance to get their shit together and the trouble is the west, when not using underhanded media tactics, has given up on the pc userbase and the genres they were known for in favour of minority human criticism shielding have no product left to sell as their very ethos caused industry wide brain drain and pushed all their talent out to let marketing take over and make design decisions that dont make good products.
So you have companies like Capcom that were actually being talked about like "so is square going to buy them or activision?" 3 years ago are now doing gangbusters and really on Square Enix who are still falling for the western appeal meme are suffering. With actual competition rather than "uhh, fuck, what are we doing?" stuff like the dark times the west has fuck all to put out beyond appealling to the soylent gentry with 'softboicore' games with little gameplay, less polycount and all the hair colours of the rainbow.
Analysts with no personal investment have predicted a 'soft crash' for western AAA in Q2 2019 and with whats gone on this year i'm inclined to think its going to happen. Don't expect the great evil to be slain and the people to cheer as a new golden age starts. Just expect a lot of directors and producers to """leave"""" companies while IP's are killed off and a new wave of nostalgia targeting the 30 year old boomer who sees Halo and Modern Warfare as "my awesome teenage years" because its all they have when the tumblrcrowd dries up.
b87cbe No.15934761
>>15930069
>he fell for the sales numbers meme
Its how many copies sold, not a dragonball powerlevel. The big AAA companies spend more than the production budget on marketing alone. From adverts in cinemas to billboards around the world this costs millions. Its why Call of Duty is a yearly series. They need yearly income from dlc and season passes to break even, CoD makes 0 money from sales. Nothing at all. Thats all money to cover some of the advertising costs. The dlc is the only profit they make and why they put so much dlc in yearly releases. Its a farm. The physical sales mean almost nothing. If the game has no 'funpay minibuys' they do mean nothing.
8fb513 No.15934764
>>15929824
Could you give a quick rundown on how an economy works and how a global economy effects the world? Is everyone just mass producing shit that creates a market of affordable commodities? I could never find good readings or videos giving an easy to digest explanation on how an economy works and what causes recession.
8fb513 No.15934765
>>15930360
Why has a rare metal been the gold standard heh since ancient times? Who gave it value? What happens when a country doesn't have gold to back their currency? Do they live in squalor while the rest of the world thrives? I know fuck all but I know fiat system is shit. I know Germany in the 30's used a barter system because they had no gold and their currency was backed by labor I don't know the intricate workings of it I'm not at all knowledgeable about money.
b87cbe No.15934767
>>15934765
Remember back in like 2009 when /pol/ was your crazy uncle screaming to "buy into gold, bury it in the hills, the collapse is coming!"
There is no greater example of "if you already heard of it then its too late to invest" at that point i can name, maybe the biggest one till "hey /pol/ i heard about this bitcoin thing?"
3b129f No.15934815
>>15934765
It was used since ancient times because its characteristic to never degrade, all the materials either rust or rot, but gold never changes. You bury it and no matter what it will be there when you get it again. It is handy when some pillagers come and burn all your shit. And it is sufficiently rare to make it valuable. Its value is determined by the supply, the more you have it the less valuable it is. Spaniards fucked their economy by plundering so much gold from Americas it became worthless.
Problem with gold is the inflation. If you set lets say, 1 gram of gold for 100 dollars, if you have 10 grams of gold you can print only a thousand dollars, if you print any more of that you are devaluing your currency. What happens is, the government says "We need more printed money to pay for shit" so they print it and devalue it, that is why you had situations where a literal sack of paper money couldnt buy you a loaf of bread. It isnt even worth the paper it was printed on. Fiat on the other hand is such a bullshit scam that you have a "guarantee" by the Federal Reserve, a private bank mind you, that your money wont spiral out of control if you print it. They do it by some economic and banking machinations that are really complex to get into. Most of the money used today doesn't even exist in physical form, they even trade with debt, that is why when it crashes it will be worse than any gold standard inflation crisis.
09c8a6 No.15934883
>>15927386
>Seems like a crash is coming soon.
not really
just part of current downtrending market, we may see some market consolidation when we go into recession later in 2019/2020 though
bc0a6a No.15940036
>>15934883
As long as some shitty AAA publishers die a crash isn't necessary.
a90840 No.15940040
>>15934767
Anon buy silver right now.
Last I checked it was still under 16 and rising because reasons. Over a 10+ year investment you should make back several times, but aim to sell in 15 or 20 years… that's when mines will start depleting
29d894 No.15940055
why this is happening - games turned into always online live services to implement microtransactions are flopping hard
8a4d5a No.15940096
Why shitskins not speak the English well? Why shitskins make threads on board and not spend time learning English instead?
a90840 No.15940113
>>15940096
>Why shitskins not
You tell me
0c74cc No.15940142
>>15940053
>>15940055
TLDR; greed
PC(and tv) gaming is not as profitable as mobile gaming.
For years big companies noticed how free mobile games earn more and more from MTX and loot boxes.
Fortnite is very successful and has proven that games as service makes money.
Meanwhile these big companies spend hundreds of millions and spend more manhours and get less profit for what they've wasted.
Investors are pulling out, big companies which specify on making AAA games are in trouble.
Greedy jews crunching numbers and it just doesn't make sense to make old school games anymore.
Everyone wants to make games as service and games that people will keep playing.
Making single player games makes no sense, they would make more money by
making a multiplayer game, have tedious unlocks and missions and grinding so
people keep playing the game, so that the few who buy mtx will have someone to play with.
Sadly the way old school games are made is ONLY by potential players committing
before the game is even in development. Early access and crowd funding.
90e23d No.15940151
>>15927386
It's been a bear market across the board for all stocks, OP. You're not looking at the big picture. Lrn2stocks, you massive brainlet faggot.
ca56e8 No.15940154
>>15934767
>/pol/
>2009
As if that Wojak wasn't enough of sign you're a newfag.
10154e No.15940191
>>15934767
>/pol/
>2009
O lawd
You should have a stash of gold and silver anyway you stupid nigger. It's not an investment like shitcoin, it's insurance. Take like 10% of your paycheck and put it into gold and silver.
0c74cc No.15940240
>>15940055
>flopping hard
not really
d3c5fa No.15940244
This thread isn't allowed to be made ever again unless the industry is actually crashing and game companies actually go out of business.
a145c1 No.15940338
>>15940244
"The industry is crashing" is /v/'s version of "WW3 is finally happening!"
44e206 No.15940800
>>15940767
>GaaS is the future.
tru
9715c2 No.15940809
>>15940154
But is he a newfag now considering that 2009 was ten years ago?
4e4aac No.15941166
If game devs want to survive this crash they need to go back to appealing to white male nerds and jocks.
Big titty white women and violence + actual effort put into the game rather than just the bare minimum so they can slap money printing microtransactions on.
Give people what they actually want instead of pander to leftist psychos that don't play games. It looks like Soyny is going to be behind on that curve from the start with their turbo kiked censorship.
710094 No.15941242
>>15940809
Thats not what he was talking about, saying /pol/ in 2009 about anything means you are a newfag.
because it didn't fucking exist in 2009.
4fa333 No.15941255
>>15934765
They used a barter systen after the war
f9d332 No.15941283
>>15927435
Similar thing happens to Tesla and SpaceX, not that they didn't turn any profit, but if the enterprise was entirely private they all would bankrupt by now, he's not an exception, subsidies are the rule, I'm just pointing this out because Musk is famous for having an image of a "self-made man", if this supposed "business legend" is dependent on taxpayer money to fund his tech toys, imagine the game industry that can not only generate billions to the country, but also has an huge potential as a propaganda machine.
700a39 No.15941307
>>15941283
DARPA is way ahead of you.
c988f1 No.15942747
>>>/v/15942685
>We already lost.
(You) lost, not us.
84ad53 No.15942906
>>15941612
Tell me what the fuck to do about soyny because this retardation was finally on the decline with more games promoting being uncensored with all the tits and ass.
cba38a No.15943030
>>15940338
the industry will crash when the economy crashes, and that's a matter of when, not if.
if ww3 will happen alongside it is debatable, but thanks to globalization one country starting too much shit you bet others will join, whether they want to or not.
84ad53 No.15943190
>>15943121
The retards will just spew "hurr pedo" or woman hating incel over any tits related to anime.
It honestly feels like the masses don't care or think any of this affects them and it's starting to give me full blown fucking misanthropy. Everyone are just a bunch of fucking cucks or pretentious retards that are too stubborn to fucking admit to fucking liking anything sexy and not wanting ugly annoying shit or not being able to just band together and fucking say what they know gets spewed at them for that is retarded inconceivable gibberish.
The darkest part of me wants to somehow blow myself up along with pillars of civilization keeping any crucial balance just so I can watch cuckmanity savagely rip itself apart like a suicidal zombie for being so pathetic and deserving of extinction when it's clearly beyond saving anyways. Can't believe I ever allowed myself to have any faith. Is all of this just some horrible experiment of higher cosmic powers solely for mere curiosity with no regard to any suffering or injustice? I feel sick to my very being and in need of sleep. I'm fucking playing trash Bros on 8-Player when I wake up. At least those resounding colorful explosions of defeat from sending enemies flying hard enough never stops giving me satisfaction.
818392 No.15948619
>>15927386
I hope jewtendo dies first
4d86f1 No.15958891
File: 04d831127d434bd⋯.jpg (Spoiler Image, 166.06 KB, 1200x1016, 150:127, hgnnnnnnnnnnnnnnnnnnn.jpg)

>>15943190
I know how you feel anon, some times I wish a meteor/comet hits the earth and puts the human race out of its misery.
Here have some cute "pedo" girls.
>Is all of this just some horrible experiment of higher cosmic powers solely for mere curiosity with no regard to any suffering or injustice?
The greatest poison to a immortal being is boredom.
4e71ad No.15968466
no they are heading to a merge
bb2da4 No.15968508
>>15968472
ASSES AND ELBOWS
do a flip off the bridge when you jump, m8
e737a6 No.15968540
>>15940338
>implying the two are mutually exclusive
4413a4 No.15986820
>>15968488
No fuck you, we should do everything to fuck them over just to spite them even if we lost to fuck yourself blackpillfag.
e8f4b9 No.16002199
>>15927434
This.
Also, they're going to crash the US economy (again) within the next two years. Fun times coming (again).
7b7924 No.16002202
>>15934765
>What happens when a country doesn't have gold to back their currency?
To understand gold-backed currency, anon, you need to go into the past a bit. Prior to banknotes, the worth of a coin was determined by the amount of gold (or silver or other precious metal used in its creation) rather than some currency speculation bullshit. If you put more gold into your coin, your coin was worth more, and the worth of your currency depended on the worth of gold. The drawbacks of this system were that if you ran out of gold, you were unable to continue producing more money, and that if the price of gold changed a lot, your whole economy would be in for a ride. Still, the price of gold was relatively stable, save for a few crises (Gret bullion famine, the inflation from americas, etc.) and if you simply didn't have gold, you usually had some other precious metal you could use like silver or even copper.
Then came paper money and the question was - if the value of a coin is determined by the value of its precious metal, what determines the value of a bank note, when it's supposed to be worth many times more than the coin and yet is made of just paper? The answer to that was that for each such banknote that went into emission, there would be the appropriate amount of gold stored in the bank of royal treasure or wherever, and that the citizen could go to one such place and exchange his bank note for the appropriate amount of gold, if he so wished. Of course, this was not entirely upheld, as many people did not convert their bank notes back to gold, so it was possible to create more of these notes than there was gold without any real repercussions.
Most countries abandoned this gold standard during WW1 and the subsequent great depression – people exchanged their banknotes back to gold, but since there were more banknotes than gold (often significantly), it simply wouldn't work. So the government stepped in and halted the possibility to convert the money back (either temporarily or abandoned the golden standard entirely), which of course led to massive inflation as the money whose value was up until now guaranteed by gold was now guaranteed by nothing and ran on government promises – prices in the US and GB doubled, tripled in france, quadrupled in Italy and so on, and they didn't fully recover by the time Great depression hit. Of course, the state cannot just say "sorry, we ran out" and not pay its employees – it needs to have money, even if its shit money, to pay people and to stimulate the economy, which is why abandonment of gold standard became so common. Germany, for example, abandoned the standard because it had no other option - its gold reserves were used to pay the victorious powers under the treaty of Versailles.
Where that leaves us is today, where the currency is backed by nothing, the so-called fiat money. It is not dependent on gold in any way and its price is thus volatile – whereas the spanish doubloon would retain its value even if Spain went bankrupt or ceased to exist entirely, fiat money is entirely dependent on current state of the market and vulnerable to speculation. This is why you often hear some anons talk about "fake money" or similar, since the money really does not have any inherent value and you cannot even convert it into anything of value – all it has is the governmental decree declaring that it is a legal tender. The advantages of this system is, of course, that the country can now create money when it needs to without relying on the supply of some manner of material and has thus greater control over its economy. The negative (along with the above mentioned volatility) is that the country can now literally print money if it so wishes, creating an endless stream of what's essentially promises. Were the system to fail and this promise prove to be insufficient, all that money would become utterly worthless. Hell, all it takes is an economy crisis and you'll suddenly see your savings become effectively halved. Fiat currency puts the money you own at complete mercy of market forces. If your country went to shit in the 15th century, you would still be left with a pile of coins with gold in them, which would continue to be valuable. If it goes to shit today, you'll be left with nothing.
Apologies for any inaccuracies, I am not an expert on this topic, nevertheless this is my understanding of it.