is the gold crash finally here?

[Domingo Halliburton]

What is golds value... how is it a hedge against anything when its value is not fixed

this is the biggest misconception about it. gold is not the hedge against inflation it used to be.

and for you guys in here saying it's a safe bet, it's one of the most volatile things you can invest in. and i would argue it's the most ridiculously overvalued thing out there.

 

[zerozero]

you're trying too hard.

but i tell you what, you can have all the glass in the world and ill take all the gold in the world and we'll see who can negotiate more value for their respective goods across time.

All the glass in the world? All the glass in the world? Breh even if I started collecting the output just from today, in 50 years I'll have more worth in glass than all the gold that's ever mined in history. This is what I'm saying, this is very sloppy thinking

 

[88m3]

I cant wait to find out what the next thing that "cant go down" will be. Tech stocks, houses, gold... whats left?

bitcoins

 

[TLR Is Mental Poison]

this is the biggest misconception about it. gold is not the hedge against inflation it used to be.

and for you guys in here saying it's a safe bet, it's one of the most volatile things you can invest in. and i would argue it's the most ridiculously overvalued thing out there.

Why was it a hedge before though? Gold's value has always been largely psychological which has been my biggest gripe with it. Once we got off the gold standard gold was essentially worthless.

All the glass in the world? All the glass in the world? Breh even if I started collecting the output just from today, in 50 years I'll have more worth in glass than all the gold that's ever mined in history. This is what I'm saying, this is very sloppy thinking

Not to mention the contrast in intrinsic value. You can't look outside w/o seeing glass if you are in a building or car. There is no function that is exclusive to gold

 

[88m3]

What is golds value... how is it a hedge against anything when its value is not fixed

is moving south a hedge against reality?

 

[TLR Is Mental Poison]

HEI GUISTH

 

[TLR Is Mental Poison]

bitcoins

#VinkleLAUSE

 

[Morph]

this is the biggest misconception about it. gold is not the hedge against inflation it used to be.

and for you guys in here saying it's a safe bet, it's one of the most volatile things you can invest in. and i would argue it's the most ridiculously overvalued thing out there.

Gold alone won't do it. A 'smarter' hedge looks more like a basket of commodities (gold, silver, platinum, palladium, copper, crude, etc). Either way, gold alone is still better than FIAT currency.

All the glass in the world? All the glass in the world? Breh even if I started collecting the output just from today, in 50 years I'll have more worth in glass than all the gold that's ever mined in history. This is what I'm saying, this is very sloppy thinking

Sure, but only because glass can be mass produced artificially, though. Gold can't. All the gold that in the earth was made billions of years ago in the cores of stars. This is another advantage of gold over the dollar: rarity.

How long do u guys think gold will keep falling? I want to buy but not until its near the bottom of the valley.

I doubt it will fall below $1200/oz, and probably not below $1000/oz. Gold gained 1% today, inching closer to $1400/oz. There's going to be more gold on the market after Cyprus sells it's reserves.

lol

"crashed"... to 1360...investments and value are looked at over years, decades even. not the last 10 months...everything fluctuates...

This right here. The dollar never gains value, it only steadily decreases over the long run so much so that the central bank has to keep printing more and more every year to slow down the decline. But the more the central bank prints, the more value the dollar loses, so it slows it down temporarily, but really hurts it in the long term.

While Gold sometimes "crashes" (e.g. 1980), it always stabilizes and recovers, and increases in value. Gold never approaches $0 value. The dollar on the other hand is headed for $0 value.

It hasn't fallen that much, large banks are still hoarding gold.

I hope it falls back to 06' levels.

China, India, Russia, Germany all are hoarding gold right now. They know what's up. They know fiat currencies only go one direction (down).

 

[TLR Is Mental Poison]

Ummmm printing more dollars would accelerate the decline... think about it... that is exactly how govts "monetize" their debts

 

[zerozero]

Sure, but only because glass can be mass produced artificially, though. Gold can't. All the gold that in the earth was made billions of years ago in the cores of stars. This is another advantage of gold over the dollar: rarity.

oh it's rare and old. that's also true of palladium and dinosaur fossils breh

this is the mutual confidence version of a ponzi scheme. the value of gold is essentially in speculation because other people are assuming it's worth something special to someone else. that's what I'm saying. this is true of any other priced item. its value is set by whatever vague ideas are going on in the heads of buyers and sellers in the market

 

[Ed MOTHERFUCKING G]

This right here. The dollar never gains value, it only steadily decreases over the long run so much so that the central bank has to keep printing more and more every year to slow down the decline. But the more the central bank prints, the more value the dollar loses, so it slows it down temporarily, but really hurts it in the long term.

:goldusure: this is what happens when you pretend to understand macroeconomics.

 

[Domingo Halliburton]

What is golds value

“If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today’s market prices about $7 trillion – that’s probably about a third of the value of all the stocks in the United States…For $7 trillion…you could have all the farmland in the United States, you could have about seven Exxon Mobils and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I’ll take the farmland and the Exxon Mobils.”

 

[Dusty Bake Activate]

"crashed"... to 1360.

cmon sun it dropped 300 in 10 months... thats hardly a crash.

It lost more in two days than it has in 30 years. If the stock market did the same thing, it would be considered a crash.

plus investments and value are looked at over years, decades even. not the last 10 months, especially when dealing with precious metals, and especially gold.

again, gold was valued and used as currency thousands of years before the dollar existed, and gold will continue to be valued and used as a medium of exchange long after the dollar is gone. period.



everything fluctuates. but my point is that gold will ALWAYS be a solid investment. you will never lose the house betting on gold. can you say the same for the debtor driven dollar? no definitely not.

So were horse-drawn buggies and abacuses. Gold being used as currencies for thousands of years means absolutely zero. How much is wampum worth today?

You need to understand that gold is just a commodity whose value is dependent upon what other people are willing to pay for it, just like anything else. Gold's only use nowadays is really as a hedge against the fear of inflation. Inflation is low, the dollar is strong, so naturally gold is declining now. Its value is speculative. And I think it's a good idea to have some gold as part of a portfolio. I buy some GLD in monthly index fund. But anybody who is investing in only gold is a fukking idiot.

 

[Dusty Bake Activate]

The dollar on the other hand is headed for $0 value.

 

[88m3]

shyt, it might even go negative !