>world go bad gold must always go up>WTF WHY GOLD NO GO UP?!??!Is the most brain dead retarded take imaginable. These retards fail to understand the price of gold is also linked to it's industrial use.
>>62006961These are the same type of people who bought gamestop btw.
>>62006969digits... checked
>>62006961Probably a horde of cunts started leveraging themselves long up the ass when the war started.
what do we do bros?
>>62006990just cash out, what you want gold to go to $20k? are you fucking delusional? fucking psychotic people on here.
>>62006961gold is a speculative asset.
>>62006990>cash out (+ invert position, optional)or>baghold for 20? years
>>62006961>it's industrial use.learn grammar
>OOOYYYYYYYYY GOOD CRASHED TO THE PRICE IT WAS ONLY 1 MONTH AGO SELL SELL SELL SELL
>>62006961Governments are selling gold to buy Iranian and Russian oil
>>62006961Might be a good time to buy if you have some extra liquidity.If the economy does go down the shitter like everyone says, its going to be more money printing.
>>62006976not digits you fucking faggot
>>62006961I voted for this
>>62006961People need cash to buy up other discounted assets.
>>62007753oil seems to be a foolproof investment
>>62006961China dumping their stack to reap profits and pay for the war theyre about to join
>>62006961Good and silver have crashed hard during an economic downturn. This is temporary. They spike back up after the money printing to keep industries running.
>>62006994And whats in your portfolio
>>62007922> world government tightens emissions regulations tanking the pricenow what chief?
once gold goes below 2500 i may slurp
>>62006961>but but the industrial use of gold!makes up 10% of the usage at most
>>62006961Markets predicted geo political uncertainty before it happened and it shot up too much. Everyone tried to do it before actual uncertainty and then bow it happened, it's falling.
>>62007949how long does it usually take?
>>62009299Longer than you can wait.
the markets are a casinoall you're doing is gamblingthe house always wins
>>62006961>the price of gold is also linked to it's industrial use.Troll thread
>gold crashes to the price I last bought atlooks like it's time to buy more
Economy is fake, take this opportunity to buy more gold because the ones that want to have all the gold wants you to sell it.
>>62009359Pretty much, you should know by now who's the house.
>>62006961>gold has kept a high value for thousands of years>goes down a couple of days>HAH APPARENTLY GOLD IS WORTH EXACTLY ZEROjust go outside for a bit dude
>>62009589yeah, before the 1700s, gold was priced at zero because it wasn't use industrially, we all know that!
>>62006961It's time to buy,
Don't zoom out guys its over this is the all time peak for gold
The obvious answer which nobody is mentioning is that the gold price is being lowered to give banks an opportunity to reacquire physical assets instead of paper assets, in preparation so they don't get margin called, audited, etc. when the inevitable drop happens.
>>62006961reminder even the top assets in world can/are easily rugpulled like crypto
>>62006961This literally always happens at the beginning of a financial crisis where gold skyrockets. It's because people are retarded and dump their gold to cover their margin calls.Gold $6000 EOY*Silver $150 EOY*Screenshot this.*at least
>>62006961>These retards fail to understand the price of gold is also linked to it's industrial uselolgold is saudi's money, they sell oil and buy gold, price go up, when they can't sell oil, they sell gold, price go down
>>62011335Anon....Tell me....One year ago?What was Gold and Silver prices?
what's a good site to buy physical gold/silver?
>>62011496>>>/biz/pmg
>>62006961>hedge against political instabilityWhat? No, it is a hedge against inflation and currency debasement at best. A physical asset is terrible for hedging against political instability. How do you move it out of a warzone? How about out of a repressive regime?Retard
>>62012196CNBC claims that inflation is what is driving prices lower though.
>>62012196Stick a gold coin up your ass. If you stick up 60 silver coins you are a tremendous faggot.
>>62012210CNBC are disingenuous and intentionally ignore how the political instability and the need unwind leverage are the reason gold is being sold.
>>62006961>cash out all your gold>yolo into oilIt's retarded but it works. They're probably overleveraged to shit on paper trades
Orange Man Bad about to turn off Iran's lightsBTC shits the bed like gold did>the only real inflation hedge has always been bullets after all
>>62006961I bought back in 2023. I'm not worried
>>62006961gold drops when people know there wont be a rebuilding phase after an apocalypse
>>62006961No. I will never buy your useless rocks, retard.
Price is malleable. Supply is not.
>>62006961It doesn’t have to go up.all they have to do is make it unobtainable for normies.Most normies can barely afford to fill their gas tanks or spend close to as much as the use to a year ago.what make you think they could afford to buy a shiny rock at current prices?
it's arabs selling their gold because they need cash since they can't reliably sell their oil
>>62007829>Anon is jealous of >>62006969>Digits
>>62006961Because when shtf people sell gold first to pay to have it cleaned up.
>>62006961Gold is up 4% YTD. In the next two years we will see >7000$ Gold. Inflation and the decline of the World Reserve currency just started
>>62006961>why is a shiny rock with no use case crashing?!Truly a mystery.
>>62006961When it hits six hundred dollars again I am buying and hodling
>>62006961>the price of gold is also linked to it's industrial use.which has almost no weight to the actual price
>>62006990Give it a minute, wait until WW3 before selling.
>>62007712I look like this actually
>>62017090correctthe price of gold has been tied for the most part to a generation of useful idiots that have become a net negative cashflow this year and recently to the PBC and Bank id Russia having tried the most desperate re-hypothecation scam ever on the planet
>>62006961>world go bad >you have lot of moneygold go up>world go bad>while you can't sell oil for money and now need to buy food buy selling goldgold go downIran middleast has back channels for selling. Gold might go further down when they sell gold to buy water. Desalination plants are next on the list
>>62006961I can explain this phenomenon.The thing is, gold is crashing BECAUSE it is considered one of the safest assets . Gold is being used as a COLLATERAL for debt.But now the economy of THE ENTIRE PLANET is in the shitter thanks to jewish demons and orange man the jewish slave (I hate them so fucking much), people NEED MONEY to pay for living and debt, so they're selling gold. this triggers price decrease which triggers MARGIN CALL, which triggers another round of gold selling and so on.tldr >>62018796
>>62018972This will likely continue until the USD stops being a reliable method of payment globally. Gold and other PMs will become the universal currency between the various new blocs that emerge. The death of the USD will raise gold prices in USD.
>>62018998>USD is going to stop being a reliable currencythat's not going to happen in your or my lifetime
>>62018972its safe therefore it crashes first
>>62006961I caused this. I just bought 2 ounces of gold from my dad literally yesterday
>>62006961The irony is OP is the retard. Imagine gloating over this. Ofc gold has to correct after what it just did.
>>62006961>>62007032Gold is falling largely from the liquidity squeeze in the broader world and middle east. Gold crashing is not proof that there is no risk or that gold is being priced as no longer the risk off, it is the risk materializing into markets and everyone being forced to sell what they have to meet margins/etc. Same happens literally every crash and literally every crash people act shocked and literally every crash gold explodes higher than it crashed from after.>>62007658Go back to rebbit.
>>62019046Yes because people (and institutions, including nations) need to liquidate SOMETHING to cash out and afford necessities. big portion of that something is gold.
>>62006961SELL SELL SELL
>just hold for another decade goybagholder retards, kek
>>62012210>inflation means prices go down>war is peace>it's true until everything the people believe is false
