is the gold crash finally here?

[OsO]

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.


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.

gold will continue to be a valuable commodity (for the foreseeable future) because of that very reason. because humans have always valued gold... always have and always will. so as far as single "currencies" go, gold is about as stable as you can get. there's no evidence to suggest people will stop valuing gold anytime soon.

"Gold being used as currencies for thousands of years means absolutely zero."

lol i can't with yall. naga comparing gold to glass... nagas talking bad about gold's value like it hasn't had worldwide credibility since the beginning of time. sometimes i think yall just say dumb stuff because you want attention.

and the dollar is strong? lol the fundamentals of our economy are terrible and our federal government and federal reserve are dominated by private interests.... but you go ahead and keep that dollar and a dream.

 

[Broke Wave]

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.


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.

IDK, all I know is.


You don't get any nikka

























































































got em

 

[zerozero]

lol i can't with yall. naga comparing gold to glass... nagas talking bad about gold's value like it hasn't had worldwide credibility since the beginning of time

I told you that glass has the exact property you described gold as having. That you won't "lose all the value", but whether it's useful to have depends on what it costs when you buy it. You doubled down on the ignorance and told me I can have all the glass in the world! Which is worth a lot more than all the gold in the world.

Do not buy gold because it's some magical substance. It's just a yellow metal.

Comparing to "dollars" doesn't even make sense in terms of what we're talking about. You will buy it with dollars and when you sell it you'll get dollars in return.

 

[OsO]

I told you that glass has the exact property you described gold as having. That you won't "lose all the value", but whether it's useful to have depends on what it costs when you buy it. You doubled down on the ignorance and told me I can have all the glass in the world! Which is worth a lot more than all the gold in the world.

Do not buy gold because it's some magical substance. It's just a yellow metal.

Comparing to "dollars" doesn't even make sense in terms of what we're talking about. You will buy it with dollars and when you sell it you'll get dollars in return.

ok, have a good day bro

 

[zerozero]

ok, have a good day bro

Tell me this. If a gram of gold costs $30 vs costing $250, will it make any difference on whether you think it's a good purchase? or will you purchase gold at any price? That's what this is about.

 

[Ed MOTHERFUCKING G]

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.


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.

Spices = never going to 0

 

[TLR Is Mental Poison]

Spices = never going to 0

Sent from handheld Minority Report console

 

[The Real]

Spices = never going to 0

If you mean literal spice, a perfect example is Black Pepper. It used to be something only Kings could afford, and now it's not worth anything.

 

[Dusty Bake Activate]

gold will continue to be a valuable commodity (for the foreseeable future) because of that very reason. because humans have always valued gold... always have and always will. so as far as single "currencies" go, gold is about as stable as you can get. where's no evidence to suggest people will stop valuing gold anytime soon.

"Gold being used as currencies for thousands of years means absolutely zero."

lol i can't with yall. naga comparing gold to glass... nagas talking bad about gold's value like it hasn't had worldwide credibility since the beginning of time. sometimes i think yall just say dumb stuff because you want attention.

and the dollar is strong? lol the fundamentals of our economy are terrible and our federal government and federal reserve are dominated by private interests.... but you go ahead and keep that dollar and a dream.

Bruh just say you're not interesting in furthering your learning about markets and currencies, you're just going to keep blindly believing in gold on faith, and nothing anybody says is going to change your mind in the slighest because of whatever ideological bias you have.

And yes the dollar's value has held strong. This is factual information that can be easily obtained via your most commonly-used search engine.

 

[OsO]

Tell me this. If a gram of gold costs $30 vs costing $250, will it make any difference on whether you think it's a good purchase? or will you purchase gold at any price? That's what this is about.

it's a good purchase if we are all on the same accord of whatever the value of gold is, and throughout recorded time humans have unanimously agreed that gold is extremely valuable.

gold, while having limited practical value from certain views, has extreme value in terms of what it can be exchanged for. this has been consistent across time and space.

this thread opened up pondering if we're in the midst of a gold crash. and my response was gold doesn't "crash." it never has it the sense the OP was implying. it's the most stable currency in human history.

in terms of investing and the market, i think gold is still overpriced and the price will probably go even lower. but the stock market does not always reflect reality, and it is certainly not the only data indicator of gold's value because 1) the value of gold predates even the stock market. and 2) if the stock market crashed tomorrow gold would still be a valuable means of exchange. in fact if the market crashed tomorrow you could expect the see the value of gold skyrocket.

of course it's smart to always invest in a diverse array of areas. if you have the money to do it invest in precious metals, commodities, certain stable currencies, energy production, things like that and you're straight.

the main function of fiat currency is liquidity, which is an excellent function in a society as immense and complex as ours. but if we are speaking in terms of straight value in terms of a means of exchange, which is what real wealth is, the single most stable standard of wealth throughout history has been gold. out of the top 100 currencies in the world how many of them are over 500 years old? can't throw rocks at the throne.

one could also argue land ownership as an important indicator of wealth, but ideas of land ownership vary a lot depending on the culture and/or the time in history.

but yall not even talking about land. yall talking about glass, the unstable dollar and some damn wampum. come on sun

gold's reign is so heavy it has its own rule... he who has the gold, makes the rule.

a safe full of dollars or a safe full of pure gold bars...

 

[zerozero]

i think gold is still overpriced and the price will probably go even lower.

good man.

a safe full of dollars or a safe full of pure gold bars...

If gold is overpriced, would you rather have $5000 in dollars right now or $5000 in gold?

got em

 

[Domingo Halliburton]

.

.

in terms of investing and the market, i think gold is still overpriced and the price will probably go even lower. but the stock market does not always reflect reality, and it is certainly not the only data indicator of gold's value because 1) the value of gold predates even the stock market. and 2) if the stock market crashed tomorrow gold would still be a valuable means of exchange. in fact if the market crashed tomorrow you could expect the see the value of gold skyrocket.

of course it's smart to .

the main function of fiat currency is liquidity, which is an excellent function in a society as immense and complex as ours. but if we are speaking in terms of straight value in terms of a means of exchange, which is what real wealth is, the single most stable standard of wealth throughout history has been gold. out of the top 100 currencies in the world how many of them are over 500 years old? can't throw rocks at the throne.

How liquid is gold? Do you own physical gold? Good luck finding someone who will give you the spot price. If you don't own physical gold do you own a fund that buys gold? You realize there's like 3x the amount of contracts on gold that actually exists in the world?

Gold is a fear trade. It has practically no utility. You buy it and hope someone will give you more money for it in a year. You have a point about fiat currency losing value, but other than that hope for an financial crisis.

 

[Dr Dre's ProductionSkills]

good man.



If gold is overpriced, would you rather have $5000 in dollars right now or $5000 in gold?

5000 in gold all day

 

[Dr Dre's ProductionSkills]

How liquid is gold? Do you own physical gold? Good luck finding someone who will give you the spot price. If you don't own physical gold do you own a find that buys gold? You realize there's like 3x the amount of contracts on gold that actually exists in the world?

Gold is a fear trade. It has practically no utility. You buy it and hope someone will give you more money for it in a year. You have a point about fiat currency losing value, but other than that hope for an financial crisis.

Phyiscal gold is very liquid

No spot price cause high demand u dont get apple I pad for sale at what it cost to produce u are paying hihger than spot cause ur paying the stores rent

Gold has value in that it will always be traded for whatever currency is the main dog for he last 100 years u could say its the dollar but it wont be the case forever

Gold is a fear teade but what ppl dont understand is that fear is real and justifed

Ppl dont buy gold for that reason they buy gold to hedge agaimst the collapse of their currency go ask ppl from mex in the 70 or 80 or argentina in the 90 about that shytty feeling of having ur bank account cut in half over night

 

[Dr Dre's ProductionSkills]

Bruh just say you're not interesting in furthering your learning about markets and currencies, you're just going to keep blindly believing in gold on faith, and nothing anybody says is going to change your mind in the slighest because of whatever ideological bias you have.

And yes the dollar's value has held strong. This is factual information that can be easily obtained via your most commonly-used search engine.

The value ofnthe dollar has held strong cause of what other strong currencies are doing which is taking big dumps the yen and the euro are getting destroyed by heir own central banks cause they are in fin trouble aka no growth its only a matter of ti,me before it happens to us

Look at euro like 5 years ago sounded like a great idea now countries wish they could leave it bt leaving is worse germany would be a boss hog if they didnt hav to bail out all of souther eurpoe

Quest becomes are we down the same road as euprope hell ya now does gold sound like a bad idea then

Ppl like me who bougt silver at 10 bucks and gold under a g yrsra ago olny to see it jump to super highs are fine with buying metas at these levels cause it will look like a bargin to where ita gonna end up like silver was at 10 bucka