What would it take for gold to crash to sub 2000?
>>61105614a nigger tonguing my anus.
asteroid mining
>>61105614alchemy
>>61105614The annihilation of Israel.
>>61105614Another 1980-1982.
Not happening, gold and silver are ascending
>>61105614Destruction of all currencies worldwide and a return to the Gold Standard.
An oil shortage.
>>61105614Scenario 1- the dollar doubles in value. We're going to need to get rid of the GOP for that to happenScenario 2- gold becomes unattractive or unattainable. That would just require a major war or economic collapse which is pretty much guaranteed to happen the way the US is going.
>>61105614time
>>61105614america getting its shit together so that people regain trust into the dollar.
>>61105772Also they would have to give Russia back the assets they seized in 2022 and LMAO if anyone thinks that would ever happen. That event alone broke the international trust in the dollar and started the great central bank hoarding of our time. It was the bullet shot that mortally wounded trust in the US dollar worldwide.
>>61105664Unironically this. It would literally take every kike falling over dead to usher in the kind of golden age required for that kind of shift.
>>61105614quantum computing
>>61105614Deflation. Cash holders will be thrilled. Debt holders will be fooked.
>>61105614A really big guy...
>>61105788Ya, that was definitely one of the bigger brain moves by the american elite. Good going guys
Unironically gold is being pumped ever since the US and allies froze Russian USD reserves which has spooked the Bric nations (bigger then the west) into dumping treasuries for gold. However if Stablecoins are adopted then USD reserves on the blockchain will become unsiezable no matter how much the west is offended. And that may cause gold to dump a bit. The thing is that gold is also being tokenized on the blockchain. And sure paper money is unsiezable and same with physical gold. However it's only when it's digitalized that it truly is used withing the economy. With tokenization of gold we are seeing for the first time what dollars experienced in the 1900s, they became digital. The gold SWIFT is being built right before our eyes. It will be built on the most secure blockchain, the most decentralized, the most liquid (TVL - total value locked) not fake volume like BNB. And the blockchain with the most uptime. And that blockchain is chainlink.
>>61105976>Bitcoin is digital gold>Actually digital gold is digital goldGold backed stablecoin could be the future. main issue would be that it would still require trust. Who guarantees the gold backing of the coin? And is the whole world really going to trust storing their gold with whoever that is?>And that blockchain is chainlink. God, I can only hope
>>61105614Theoretically if some massive deposit of gold was found somewhere that was easily mineable that could flood the market with tons of new gold.Or like if a sold gold asteroid hit earth leaving it raining down gold .
>>61106042Or if someone came up with fake gold that passed a cursory analysis.This is chemically impossible though. You can't fake a pure element. Hence why gold retains value.
>>61105976
>>61105614The fed rate being raised to 25% which would also crash everything else.
>blockchain>if, when, howeverconditional bullshit for something that wont occur
>>61105614all the central banks across the globe would have to start selling their gold and stop printing money immediately >>61106135this wouldn't hurt gold at all. Gold was mooning as rates were being raised. Its the debt and money printing combined with central banks buying that is causing the run
Bitcoin going to $1M
>>61106256Not today, snailbro
>>61105614People need to feel safe and prosperous again for an extended period of time like after the GFC.
>>61105751>we've got to get rid of the GOPThere isn't a political solution to our debt problem. It can be accelerated or slowed but never solved. The right only managed the weakest of entitlement and federal labor cuts a fraction of what will eventually be unavoidable. Tell me that you actually believe any leftist coalition will be able to actually balance the budget with a surplus while enacting the actual austerity measures that must include cuts to ebt, snap, section 8, WIC, federal jobs, Medicare, Medicaid, retirement age, SS and military spending all while increasing taxes. I don't think the right can do it either because I'm not deluded.
>>61106610This assumes gold prices are driven by retail or even American institutions primarily. You need international faith in the US government and the dollar for that to happen as that's largely driving moves in gold. Even if every American was euphoric it's not going to cause the world to buy treasuries and sell gold.
This is where i park my rocks
>>61105976Kill yourself. I thought I was reading a serious post until the very last word.
>>61105976>>61106038>>61106076>>61107210BULLISH ON LINK
Unironically making America great again, but Maga is the reason it's back up to 2000
>>61106042Asteroid mining is the main thing keeping me from buying gold. They don't even need to actually do it, a hype cycle is enough to tank the price and I'm not confident I can outlast a bear cycle in gold when robotics is the next big thing and perfect for asteroid mining.
Well it seems that its over for us non gold having boyos
>>61105648Retard. Gold would probably need to 100x for asteroid mining to be profitable. >>61105706That would have the opposite effect, retard.>>61105614Philosopher's stone
>>61105614take a look at the gold chart, when has it crashed that big? neverthis fuckin asset keeps going up no matter what
>>61105751>We're going to need to get rid of the GOP for that to happenI suppose you plan on getting rid of all those Nazis who vote for them, too.Say when.
>>61107417
>>61107343do you have any idea how expensive asteroid mining would be, you retarded fuck
>>61107481on top of that, its the only asset (as far as i know), that keeps breaking its ath consistently over a long period of time. last week when it dipped below 4k i immediately bought knowing its the last time i will see it at this price, and if i see it again i will buy immediately. fuckin gold man.
>>61107513I have so many regrets I am not sure what to do with my life at this point
They're manipulating exchanges and forking BTC into 2 different pozzed node types and people think asteroids are the big risk.
>>61107561why? this is a gold brother, not a coin. its going to hit 4200 then 4300 then 4500, my next salary is all going to gold again.
>>61105614a revival of the US dollar, but that won't ever happen
>>61107677Checked. Some people also seem to confuse the DXY with the strength of the dollar. That's a partially correct answer. The DXY measures the dollar against other currencies that are collapsing even faster.
>>61105614I would have to sell.And I don’t feel like it
I didn't buy any gold!
>>61106821the debt isn't the problem.political opinions aren't the problemyou can't overthrow the constitution of the US and expect the dollar to somehow be ok
>>61105772Will never happen, our population is 33% niggers, 33% foreigners, and 32.99% fat, jewish brainwashed boomer whites.
>>61106176>>61105614>all the central banks across the globe would have to start selling their gold and stop printing money immediately this is the only scenario, but itll never happen. cant stop printing money or the music stops.
>>61108110>cant stop printing money or the music stops.I can only see this happening if they do it deliberately to fuck everyone over and destroy the country, which is actually a possible scenario vs full inflationary collapse.
>>61105653aka magic.serious answer responsible fiscal policy with the USD, and theres 0% chance of that shit happening ever. the USD will hyperinflate and ultimately default. it might be another 2 decades but that is a certainty.
>>61107815it's still cheap
>>61106861The GFC was a global event, the run up in gold price was from soverign debt crises in many countries. This is happening again.
Anyone with money in mines or refineries? How they doing
>>61108202I've already more than doubled my input in the last year
>>61105614Massive debt crisis and liquidity crunch.
>>61105810Boomer rocks won
>>61107919Debt is entirely the problem. Reserve currency status only matters when people buy your bonds and hold your dollars. When the only viable solution to the debt is devaluation then bond holders lose via inflation and don't buy bonds. Then the house of cards falls. You can print money, which we will, but you cannot print commodities. We're already at fiscal dominance, because we cannot afford for any asset class to crash. Fed admitted they were focused on job numbers over inflation they still don't have a grasp on. Dollar death began with its weaponization but since then debt and our response to it remains the primary driver of its adoption or lack thereof. Political instability would not matter if economic stability was guaranteed, but neither has been maintained. Globally, destroying constitutions or comparable documents has been the norm, even good for business. 17 countries decided in tandem to pass digital ID laws, UK is locking up people for tweets, Germany made firearm ownership illegal for AFD and China has normalized organ harvesting from undesirable ethnic groups and dissidents. It's not the sanctity of the office that scared investment, that's only a small piece. America has political tensions, a trade war, several proxy wars, a government shutdown, a growing police state, high profile assassinations and attempts and if all of these went away tomorrow it'd still be facing the dilemma of not enough revenue and growing interest payments. If anything does break financially or global tensions spiral further then a situation in which foreign dollar holders win becomes ever more remote. The situation would be the same if drawn out further if political stability was achieved or political control was jostled. So gold is going to make Ath's tomorrow or the following day just as it did today.
>>61105614A real economy not propped up by grifters and a rapidly devaluing fiat.
>>61108018this. it's over. we're living through a massive restructuring of global power. it will be extremely violent or extremely tragic for a lot of people.
>>61108256This could do it, though I doubt it would drop that low and the drop would be VERY temporary. Like when gold took a 25% nosedive while the equity markets crashed 40 - 50% in 2008. Then gold went almost straight up for 3 years after that.
>>61108500the increase in our debt doesn't at all explain the current year devaluation of the dollar.yes, debt is a problem, but it's not the problem that triggered the current and ongoing crash. This is tariffs, takeover of the fed, firing or deporting much of the US workforce, descent into authoritarianism, and a complete loss of confidence in american stability and leadership going forward.full stop.and it can't be fixed. Not while most americans are unprincipled tribalist shitstains with a revenge vote.
>>61107770damn
>>61108664Cringe hyperbolic zoomer talk.Nothing compares to the authoritarianism of covid.>INJECT THIS BIG PHARMA BIO SUBSTANCE!!!I'm very optimistic about America. Of course I've long since been loaded up on metals.
a quantum computer inside an asteroid but it's just a paper future with that name inside a JPM cobol ledger running on windows ME
>>61105614>What would it take for gold to crash to sub 2000?Nothing. Nothing will take gold back to sub 2000. Nothing.
/pmg/ TOLD YOU FAGGOTS/setf/ TOLD YOU FAGGOTSYOU LITERALLYOULITTERALYHAD SIXTY FUCKING ONE YEARSTO STACK (to stack)GOLD AND SILVEROLDANDSILVERSINCE THE REMOVAL OF THE GOLD STANDARD(1964 btw)BOOMER ROCKS WIN AGAIN
>>61108793>Nothing compares to the authoritarianism of covid.all of which also happened under the GOPonce you grow up you begin to see the pattern
>>61105614The Fed hiking interest rates to over 30%.
>>61109000God, could you imagine the levels of depressionary damage even 10% would do, let alone 30% with the debt to GDP ratio being 120% right now.
>>61105614It would require for another reserve currency to replace the burger shekel and then for it to set the ounce of gold to 2,000 units of that currency
>>61105772Same chance as you being an actual woman
>>61109000I kind of wish Volcker were still alive just so he can see the kind of situation the US ended up in again and say "You guys are fucked."
Do retards actually believe we can mine gold from asteroids? We can't even make it back to the moon.
>>61109311They can't even properly mine gold in Uganda, let alone a fucking asteroid
>>61109000>>61109151yeah, they cantnot just the governmentthe entire economy is build on cheap money
>>61107770How much gold is that, anon?
>>61108664>Collectivism is badI am glad the food is going to run out soon.
>>61107770>>61109407Quick count in paint reveals roughly 125 visible gold coins. So my bet is the bag contains somewhere around 140-150 ounces or ~$600,000 in spot value.How close am I?Anon is stacked!
>>61105614USA annexes Canada AND Russia.
>>61109518Those coins are probably 1/10 oz.
>>61105614>What would it take for gold to crash to sub 2000?Extremely high economic growth and success that sustains for a decade.
>>61109569lmao you're right, it actually does look like a small bag zoomed in. I got bamboozled.I take it back, I'm no longer impressed.
>>61105614I don't see it crashing to sub 2000.
>>61105653We already have that, you can make gold in the lab, it's just not worth the cost for the tiny amount you can make of it.
>>61105772You can't regain the trust in the dollar. They can't make meaningful cuts on the deficit, which means they will try to inflate it away, which means bonds are for suckers, which means holding dollar is not good.
>>61105614
>>61109518notice the merc dime for scale
>>61105614elon will start asteroid mining this year fr fr
>>61109407>>61109518It’s 20 oz of 1/10 oz
>>61109891what a scam artist
>>61109911i hope you didnt just now notice
>>61109911buy tesla sirs
>>61109983no, im a thunderfoot fan as well>>61110785no, sorry
>>61105614S&p 30% crash that doesn't recover along with the Western and Chinese economies entering a long depression.Or alternatively, WW3
>>61105614Stock Market Crash, which is coming, but when that happens the price will sky rocket after that with all m/billionaires buying up all the physical to escape the crashing system.Basically you still wont be able to buy it under 2000.
>>61107365It hasn't even started being over brother
>>61107365You can buy 1g gold right now Don't give up
>>61109216kek
>>61106821Funny how you dont mention not sending Israel a gorrilion dollars a month as part of austerity measures Very funny indeed
>>61105648>>61107382not if the asteroid hits earth retardthat would crash the priceand our lives
>>61112608When an asteroid collides with Earth it is called a meteorite. You're talking about meteorite mining. Checkmate.
>>61105794anon I believe there was another event that happened in 1492 that set Spain up real nice
