Is gold ever going to face another major correction or not? When?
Looking at that chart just quickly, for example, it looks like if you bought in 2012, you were bagholding for a decade before breakevencan something like that happen again?
and similar with silver, if you bought in 2011, you were bagholding for 15 years until breakevenI mean, I feel like I am obviously sideline coping, but this is still a reality that is not being talked about
>>61571424>>61571430>>61571441Do you know what the word exponential means The play is still silver and will be until 1:15 resumes You might be too low IQ for this
Yes it can happen again.Right now the USD world reserve currency status is weakening, debt levels are rising, and there is other uncertainty that might support precious metals... but you had a lot of the same stuff 10 and 15 years ago as well and it didn't help. Gold tanked nearly 50% from it's 2011 peak. Peter Schiff and the other PM merchants were promoting gold the whole time when it underperformed.Just don't listen to the typical PM merchant claims of>a new gold standard is just around the corner>all capital will flee to PMs because it is the only real money>physical vs. paper will depeg any day nowThey were saying this 10 and 20 and 30 years ago and it didn't happen.They try to use fear to con you into buying PMs over everything else.There is some probability that some of these things will happen, but you should be open to other outcomes as well.
>>61571430>can something like that happen again?of course, and if you look back, you can see gold crabbing for over 20 years. gold had a bull in 2008-2012 and started its current bull in either 2020 or 2024, depending on where this run goes. the biggest question is what comes after the trump presidency, after inflation has skyrocketed. the logical response would be monetary tightening which would cause another long bear for metals.
>>61571545
>>61571424Here's the same period adjusted for inflation
>>61571518I don't understand your point. Break it down for sub 150 IQ
>>61571555How deep do you see it go next bear? I would like to position some capital for the long run when that time comes
>>61571545Good points, this question is also for you >>61571598
>>61571424Gold is a long term store of value. It has always been something you buy and hold for years. You will not get rich over night with gold. The 10-15 year periods that you've identified literally mean nothing to those who understand the purpose of gold in their portfolio. The correct move today is to recognize how gold performs then buy some and know that in 20 years it will have stored its value and hedged against inflation.
>>61571555>gold had a bull in 2008-2012 and started its current bull in either 2020 or 2024fed prints money, gold goes up, just like it should be and nothing will change until printers are working gold will continue go up
>>61571606I have never denied that and I don't know why you would bring that up
>>61571608Did they not print or even burn money from 2012 to 2022? Explain
Imagine having bought a shit ton of gold in 2012 after believing Peter shiff and going to bed feeling comfy and safe then wake up to 10 years of bag holding >trust the plan
>>61571628yes they did. but let retards think inflation existing means going up forever without crashes
>>615716282008-2009 money supply doubles, then doubles in the next 10 years when inflation is somewhat stable and then doubles again in 2020-2021
>>61571628now compare money supply chart with gold chart, its almost same chart
the romans steadily debased their denarius over a span of hundreds of years before that currency and their empire both lost confidence and collapsed. things seem stable until suddenly they aren't, it's never linear or even predictable. the worst bet you could make is that fiat continues eternally, because it never does. rather than obsess over timing the market, you can simply hold precious metals and feel assured your wealth will survive a currency or economic crisis.
no, the parabolic overhyped chart is always going to go up
>>61571695>trying to avoid buying the top and baghold gold for 10 years or silver for 15 years>don't OBSESS so much pal
>>61571424I don't think so. I think gold has a 2x in it during 2026-2027.Not so with silver. Silver will be heavily suppressed by all means necessary. We are at silver's ATH. Not so with gold.
>>61571706>Silver will be heavily suppressed by all means necessaryWhy and how?
>>61571722>Why?Because it is directly tied to a large parcel of the world's financial system, with the added drawback that silver is an industrial commodity in high demand. It simply can't be allowed to rise too high. Gold, however, will keep being what it aways was.>How?That's anybody's guess but there are infinite ways to hammer silver down. The current method is not working anymore, so another methods will be used. You can let your imagination run wild.They could tax it to hell but that would be too pedestrian, too obvious, I think. They will figure something out.
>>61571569Both should (and do) have parity over the long run because for the most part both are fueled by neverending Bollars binted ()
>he thinks jews can let first jewish president to devalue their wealthBruh 5k in 2028 and 50k after 8 years of Vance is very best scenario. Worst - petrodollar stop its existing at all.
And you expect price to drop because? It will go into major consolidation and not drop, letting ( ( ( them ) ) ) buy while you lose patience.
>>61571768I need to buy one of these before they cost 100,000,000,000,000 USD
>>61571847Because nothing goes up in a straight line
>>61571424it is correcting to its true value
>>61571754Wrong, when the arbitrage from west to east get's too high the logical move of any trader would be to buy in the west and sell in the east. Driving the price higher. China wants a high silver price because it would trigger a US collapse
>>61571441>I mean, I feel like I am obviously sideline coping, but this is still a reality that is not being talked aboutYeah you are sideline coping. You point out that gold and silver had spent decades in a downtrend and now you're upset they've been in an uptrend for 2 years. What do you expect man? Non-stop downtrend forever?
>>61571424Gold will not correct. Unlike silver, which is a quasi-industrial metal, gold is a pure financial metal. It is the safe haven of last resort. Inflation will never end, and the amount of people using gold will only increase as purchasing power in the west declines. Silvers main driver is industrial use, not financial use.>>61571545It won't happen again because the circumstances have completely changed. The west is in an even worse demographic and financial situation than it was in 2008, military power is rapidly decline, and non-USD denominated trade is increasing globally. The Russo-Ukrainian war is the beginning of the end. It took 30 years for the British Empire to fall after WWII. By 1975, the UK was a rapidly declining world power, and today stands as a regional power. What saved the UK and the rest of the Euros from a fate similar to the USSR was the backing of the US. But now the US is in steep decline, and will likely cease to exist as a functional entity by 2050, with either a soviet or balkan style collapse and disintegration in the late 30s/40s.
>>61571545There was deflation across the board back then, not to mention real estate.
