Is it possible for gold to go back to 2000 dollars per ounce or lower?Tell me why or why not. Thank you.
>>623514624k is the absolute bottom. If it went lower, central banks of third world countries would go crazy and start WWIII in the southern hemisphere.Silver, however, can go back to 12 bucks an ounce because it is not a real necessity and can be replaced with copper. If you own any silver, consider it dead money at this point.t. ~75+ oz of silver holder loser, but 2 oz of gold winner
>>62351522>4k is the absolute bottomWhy and what has changed since 1700-2000 a few years ago
>>62351529Inflation? It rose from 2k to 4k at a time period when U.S. inflation was above 5% each month.
>>62351546Fake news
>>62351549k
>>62351522>thinks having 10k is winningkek metal holders are retarded
>>62351522the way that silver is used in technology is not interchangable with copper.
>>62351462I think there is a lot of anticipation for a neck-snapping deleveraging event that could cause a massive sell off in everything. The problem with that would be a complete cessation of the credit system (in conjunction with housing, government tax/spend etc). Nothing would work anymore, which is one of the biggest threats to banking. They've telegraphed in the past that they will flood the economy with cash before allowing crippling deflation, so I would anticipate a lot of targeted "buying" to be happening by the Fed to keep asset prices high. I think there are a lot of people who would love a $2000 entry point for gold, and that includes nations and central banks and retail.
I believe it is possible because I cannot foretell the future.I don't believe it is likely, however.
Mmmm. Got tired of seeing red so took a break. But just checked port. Copper gold silver and uranium waking up a bit.
>>62351462>I love inflation- POTUS
>>62351690>tfw Caroline getting all dolled up to get mounted by Goyim to make ends meet.
>>62351522people who think shiny rocks are still relevant monetarily are mentally ill, have fun with your centralized rocks
>>62352268Central banks buy a lot of gold. You have to stop wasting your time here and reach out to them! Hurry!
>>62352268>people who think shiny rocks are still relevant mone---ACKKKKKKhttps://financialpost.com/news/gold-overtakes-u-s-treasuries-top-foreign-reserve-asset
>>62351598trudat
I hope not. I just inherited a lot of gold.
>>62351462Depends on what happens in the Hormuz strait
>>62352582Please Sar! Listen to me I am trying to help you. You do not want this gold oh no sir. Luckily the Bank of India will pay for your rocks and we shall help you out today if you redeem.
>>62351462only a major liquidity crisis could do it, the biggest panic in the world could *maybe* do it, so i wouldnt count on it.
>>62351690i would
