>inb4 goldfag i own both btc (sadly only 1) and gold
why the fuck is gold going down. i bought 4 oz for 7k back in march, then i bought a chink coin and then i bought an american gold eagle. I'm down on the chink coin, and getting dangerously close to being in the red on the AGE. Gold is supposed to be a mother. fucking. hedge against this bullshit. why the FUCK IS IT GOING DOWN?
Is this some kind of deflationary cuck out before the big kabala where inflation explodes out of every crack in the financial wall? should i close my eyes and HODL like btc? this is really starting to piss me off. Why is there nowhere to fucking go in this faggot economy?
if you think gold's bad, try holding miners this past month.
Jack Murphy
the same reason btc will go down soon
Ryan Collins
cuz speculators buy it for short term hedges u retard. it will moon the coming years but not without some pretty big pants shitting pullbacks
Caleb Wilson
michael saylor is the reason i will only hold btc or gold. fuck everything else, fuck paper promises, im not putting my worthless pieces of paper into a 2nd layer of illusory paper promises. yea you're right nigga
Blake Price
the only reason to hold gold is with the hope to squat in the ashes of civilization as a pauper king.
Carter Lewis
OP The paper derivative price is fake. A monetary reset will occur. This is a shift in human evolution. The ones who prepared will be rewarded into the new world. The ones that didn't prepare will get socialism and eventually die out. Take advantage and be patient.
Brandon Cruz
i want to believe this is true *hopeful tears well up in eyes*
Charles Anderson
Gold is not some great investment that goldbugs will tell you it is
We are heading for deflation. The economy is operating nowhere at capacity, business’s are not investing due to COVID uncertainty, we have too much supply of goods/services if anything so watch prices fall and relative value of dollar rise for a while longer
Aaron Carter
Eat your applesauce old man.
Liam Barnes
I like gold, it's my #2. But there's too much asymmetric upside with Bitcoin. I've heard the biggest established goldbugs say you can maybe 2x your money with gold. You can 100x your money with Bitcoin, and who knows if that's the limit.
meh, imagine if you bought btc instead, literally 5x instead of shitty 1.3x
Isaac Powell
Up 10% in my personal account and 40% in my 401k on gold in a reasonable time frame...it's one of my safe performers. Probably going to sell out of it soon but I can't complain.
Jacob Price
I'm gonna sell my 4 PAMP bars tomorrow for a bit of profit and keep the chink panda coin and the AGE.
>Gold is reacting to the increase of the monetary system >Create more paper gold and dump it. >Gold price flatlines the decade of the biggest monetary expansion
>Bitcoin reacting to the monetary expansion >Short it & dump it >Autists want the coins in hardware of wallets await of exchanges >Price goes up a few weeks ago >Goes up thousands of percent in a decade
Gold is going down because it's an obsolete relic of the past. It serves no purpose outside of electronics. It's from a time when people didn't have indoor plumbing and electricity and there was no global communication. Silver is even worse.
The pump after a second stimulus is just about guaranteed.
Luis Thompson
Cool to collect though unless you're getting generic ass shit that doesn't come from a state mint or have history. But essentially you're correct, precious metals are indeed a relic of what money used to be, it's quite sad to he honest.
Dylan Stewart
Gold has been a terrible investment over the past 10 years if you compare it to other asset classes on the efficient frontier. You would have got a much greater return per unit volatility if you invested in an index fund.
