Gold going nuts . Lol @ not owning gold

[MarioMiami305]

And not buying gold mining stocks at the low

See ya t the moon

[ToxMasculinity]

All that means is that the dollar is worth less, not that gold is actually worth more in value. (Ded fkn Srs)

[MarioMiami305]

All that means is that the dollar is worth less, not that gold is actually worth more in value. (Ded fkn Srs)

Moron alert.

[desslok]

I remember when people were freaking out buying it when it went from like $2k to 3k. The people buying it at 3k were so sure of their decision because some “expert” on the internet told them you can’t go wrong buying gold lol.

[ToxMasculinity]

Moron alert.

The value of wood and steel are going up too f@gg0t.

You might as well stock up on those and sell them at profit in 5-10 years. Might as well stock up on everything, as the value of EVERYTHING is booming. Start hoarding, you'll be rich in no time. (Ded fkn Srs)

[phaginator]

Gold has been dropping for months now

[MarioMiami305]

Gold has been dropping for months now

And it has bottomed out, and is rallying. The dxy has topped

[N0stradamus]

Nope, not buying any metals or any metal stocks....

[MarioMiami305]

Nope, not buying any metals or any metal stocks....

Then your a moron.

[N0stradamus]

Then your a moron.

Nope, not gonna buy any metals or metal stocks..... please don't hurt my feelings by calling me mean names.....

[401Delta]

Can confirm.

Balls deep in Newmont @ 37.5.

[MarioMiami305]

Can confirm.

Balls deep in Newmont @ 37.5.

Buy barrick and then the gdxj

[StackingPlates]

Then your a moron.

I always chuckle when someone calls another person a moron but then doesn't know how to properly use a contraction.

[ThatGuy950]

Buy some physical gold each month for life crew ded srs

[FAPhaggot]

I'm long term bullish on DXY... the Fed will be able to keep interest higher for longer than these Europoor and Japanese jokers can. We have higher growth, lower inflation, and a lower debt-to-GDP load than they do.

And when I say that, I mean the United States is growing at the slowest rate in its history and has a WWII sized debt load to pay. But the rest of the world is even more screwed than us.

Anyway, until that structurally changes, I am staying away from gold. One-day rallies don't mean chit, it's the old man-walking-the-dog phenomenon.

[Jimbo0731]

Bottom is in for Gold. Now is perfect time to buy it and junior miners. Gonna be multiple 50point days coming.

[guest89]

If you really look at the price of gold over a long term it averages 10.6% returns. Which isn't bad per say. But if you look at the charts its fairly volatile. Also factor in it does not pay a dividend and you will not actually make anything until you sell it.

We are damn near at all time highs for gold. I'm confident in 30 years it will be higher but if trends remain the same we can expect some massive dips with gold in the short term. The time to buy gold was in 2018/2019. Not in 2022 after a massive run up. I'm guessing the same shills saying BUY GOLD!!! in 2022 were also buying Bitcoin in the 50-60K range.


If you're going to buy things like Gold, Bitcoin, Oil, etc. you buy it when the price is low and sell when its high. Or just buy when the price is low and hold long term through fluctuations adding only when its low.


I'm not sure why people are so retarded about "investing" but just look at the charts over the course of 30-50 years. It doesn't take a genius to spot patterns. If you are patient its fairly easy to make money/gainz with these three asset classes. But buying at the top or at all time highs is never a good idea.


And yes, if you buy gold now it may technically continue to run up. But it can just as easily start tanking too.


https://www.statista.com/statistics/...eturns-global/

[katya422]

Buy some physical gold each month for life crew ded srs

Good. I would have some physical gold and silver if possible.

I'm long term bullish on DXY... the Fed will be able to keep interest higher for longer than these Europoor and Japanese jokers can. We have higher growth, lower inflation, and a lower debt-to-GDP load than they do.

And when I say that, I mean the United States is growing at the slowest rate in its history and has a WWII sized debt load to pay. But the rest of the world is even more screwed than us.

Anyway, until that structurally changes, I am staying away from gold. One-day rallies don't mean chit, it's the old man-walking-the-dog phenomenon.

If the countries that use the eurodollar system for trade go tits up, and/or switch to a different system, why would you expect the US$ to continue to hold an advantage over other currencies/countries?

If you really look at the price of gold over a long term it averages 10.6% returns. Which isn't bad per say. But if you look at the charts its fairly volatile. Also factor in it does not pay a dividend and you will not actually make anything until you sell it.

We are damn near at all time highs for gold. I'm confident in 30 years it will be higher but if trends remain the same we can expect some massive dips with gold in the short term. The time to buy gold was in 2018/2019. Not in 2022 after a massive run up. I'm guessing the same shills saying BUY GOLD!!! in 2022 were also buying Bitcoin in the 50-60K range.


If you're going to buy things like Gold, Bitcoin, Oil, etc. you buy it when the price is low and sell when its high. Or just buy when the price is low and hold long term through fluctuations adding only when its low.


I'm not sure why people are so retarded about "investing" but just look at the charts over the course of 30-50 years. It doesn't take a genius to spot patterns. If you are patient its fairly easy to make money/gainz with these three asset classes. But buying at the top or at all time highs is never a good idea.


And yes, if you buy gold now it may technically continue to run up. But it can just as easily start tanking too.


https://www.statista.com/statistics/...eturns-global/

Bitcoin is actually a good comparison. Gold is a currency play more than a commodity play IMO.

If countries/banks decide to back currencies on gold then they will create some sort of exchange rate by fiat. They could declare an ounce of gold is equivalent to $5,000 or $15,000 or $50,000. Central banks are loading up on physical gold. One of the arguments against a gold backed currency in the past was that there wasn't enough gold in existence to back the needed amount of currency, but if banks can operate with negative interest rates I don't see why they can't declare that the amount of gold in their vaults equates in some way to the amount of currency they have circulating.




Like bitcoin it might become a functional currency, or the base for a functional currency, or it might not.

[401Delta]

Buy barrick and then the gdxj

I already own Barrick @ $13.15 and have a stop limit set @ $15.

I got stopped out of NEM @ $44 an hour ago.

I'm just swinging them, as I feel they will keep stairstepping down as the likelihood of a recession increases.

[volleys]

Buying gold only makes sense if you live in a third world chithole.

Nearly everything else is gonna net you a bigger payout in the long run if you live in the USA.

[VegasLifter26]

Stock up on Platinum. Its the cheapest metal.

Also, I am long KGC and FSM