Its market cap is currently $33 trillion. Can it even 3x to 100 trillion? How much money is there in the world??
>>61665164isnt there like 250+ trillion in just unfunded government liabilities
>>61665164>what arbitrary number can currently be placed on the one element that has defined monetary exchange for milleniaSHEEEIT NIGGUH I DUNNO
This is why numbers like >>61665189 and conversations about market cap shouldn't be thrown around. The total "value" of gold in existence can go up indefinitely as long as it's defined by the price of the last traded ounce. It's what makes numbers like "$100 trillion" even exist. There may only be $10 in existence in the world. But as long as someone buys 0.00000000001 ounces of gold with that, the value of all gold can go to $100 trillion. The only reason a number like that can't be possible is if every dollar in existence is being used to buy gold all at once all for the same price. Senseless.
>>61665164Loooool you fucking normie crypto fags are waking to. Dude, the derivatives are in the quadrillions at this point, not trillions, quadrillion. You fucks have been lazy mocking the silver chads and precious metals chads. How high can gold go? How low can your currency go is the question. Ready to be a Zimbabwe trillionaire yet?
>>61665164Looks at the size of the bond market. Now imagine all of the money in bonds flooding into gold. You’re welcome
>>61665478In fact some would argue that bitcoin was created to divert money away from gold and hard assets into a meme currency that has zero tangible value while central banks and investment banks buy up all the real estate, farmland, and metals. Oops sorry goy.
>>61665463OG bitcoiners were goldbugs before, newfag.
>>61665164>How much money is there in the world??That's the fun part. Fiat is infinite, therefore gold and silver have no real upper limit.
>>61665164>Its market cap is currently $33 trillionthere isn't a market cap on bullion you retard. it's not a stock. it can be infinity dollars. its whatever the market will pay determined by demand.
>>61666473This post was so fucking retarded on so many levels it doesnt even warrant this response
>>61665164Its not how high can gold get but how bad can inflation get
so any top signals itt
>>61666631The ride is just getting started. Gold isn't going to crash, it's getting confiscated. I doubt owning PMs will be legal past 2030
Gold could go to 10-20k, I feel like around 5k will probably be good for a while though until the next crisis or whatever happens.
One man alone (Musk) has almost $1T, so a $33T asset for a world of 8.3 billion people is not that absurd.
>>61665164>market cap>goldKEKTOP!
>>61665164the question is how much can the dollar inflate kektop
>>61667419it will be legal to own a small amount. Speculation is that anyone who owns over a certain amount of silver/gold will be required to report any thing over 1000 ounces to the government.
>>61665164>How high can gold even go?it can go to any amountdo you understand what a market capitalization means? or are you one of those retards that think something with 1 trillion capitalization has actually 1 trillion dollaridoos inside some bank account ?
>>61665478>Now imagine all of the money in bonds flooding into goldyou think this chart is coming down?I have news for you
>>61667869>300b of fake ass “stable” coins Oh yes that can absolutely go to zero. Backed by Peruvian junk bonds to scan crypto baggies kektop
lmao imagine thinking real money can be measured in made up units.my gold is worth 50 billion ZORGS!!! it IS OK?!?!!? kekyou either own PMs, which you can weight and certify purity, or you don't. lol how is this hard? I have a 100 trillion imaginary somethings! I want to pay for food/house/car with it. lol. you're currently in the weird time where 1 dollar bills aren't worth less than toilet paper, but they're also not worth more. enjoy your fate faittards. god speed to your brutal and inevitable horrible death under crushing oppression from the state, who by the way decides what "your dollars" are worth.
>>61667419They've gone on big crackdowns on crypto in Europe and the UK requiring ID creditials to be passed back and forth to counter money laundering and tax evasion.It's only a matter of time before they require stuff like a scan of a passport or drivers license when selling gold and blast some 50% admin fee on it.*Bonus points may include>well, if you offload it to the bank of england / crown it's only 25% admin>*off board as soon as they begin suggesting anything about this in the newsfeeds to avoid baggification
