GOLD IS CRASHING
Nooo not my shiny rocks FUCK
>>531414731They're pumping the market with ETFs, gold is going to skyrocket when the ETF shitstorm hits and they go full force majeure.
Treasuries selling reserves to make up for losses in exports?
why would gold crush i don't get itwhen petro dollar fails, only metals have practical value.
I invested into coffee holdings
>>531414947gold is taking a shit because countries are selling the shit out of their PM stockpiles to buy oilthere's an energy crisis on the horizon
>>531414947Somebody's in the shitter.Reserves are being sold to weather the disaster.
>>531414731oil is starting go
>Gold is down>open up my treasure chest>Gold is still there
>>531414731China probably dumping its load on the market to pay for the war theyre about to join. 20% drop in 5 days for gold is brutal though.
>>531414731Fucks sake we just bought our wedding rings saturday
>>531414731Epic collapse kek. Down a whole fucking 1000 dollars from the top, that's nuts. Precious metals are worthless shiny shitcoins of no value, grow up already. Oil is real tangible value
>>531414731Lol, I went to my lcs on Friday and got one junk silver coin, the dude next to me bought 2.5 ounce of gold.
>>531415070When you zoom out though it doesnt look too bad
>>531414731Some of the largest reserve holders in the world are dumping their reserves to stay afloat right now. It will eventually stabilize or go back up. But it’s a bit dangerous to buy because we were at a ath. I think it will be back up fairly quickly, but it could just as easily stay down for a while.
>>531414731Because oil is liquid gold right now.
As said some weeks ago this is maybe the last opportunity to get it cheap
>>531414731Gonna buy more when it's $3500.
>>531415128It may also go sideways.
>>531414731Goldfags btfoPoorfags keep winning
>>531415011war anon. war is on the horizon. gold going into oil is really bad.
>>531415071some luck, i would call that wedding off
>>531415057The homosexual, pedophile, criminal Scott Bessent is manipulating WTI spot prices by massively short selling every time it hits $100, with an infinitely printed supply of US dollars that can never be margin called, because they print the money. No need to worry, it'll all be fine
>>531415160If Australia goes Thunderdome can I defect to Germany?
>>531415191>Gonna buy more when it's $3500.It's going right to $1200
thank god i wanted to buy more chains
>>531415223So oil is being primed for a short squeeze?
>>531414731Selling gold as we go in to historic instability, hmm. I think they are selling gold to buy oil. Oil will spike, it will cause recession and demand collapse, and oil will go back down. Then people will go back into gold and silver.
>>531415228Why would you flee the best time to be alive?
>>531414731bonds are coming back
>>531414731Gold isn't super useful.it is sold to buy other useful things.
>>531414731why would israel do this?
>>531415264No because the criminal Trump regime will keep printing infinity money to throw shorts at the futures market to artificially keep the prices down. They can't be margin called because they print the money.
>>531414731>>531415070The longer this current system is trying to hold onto it's life on it's deathbed, the worse the collapse is going to get. In the Balkan war's, especially in Bosnia, people that didn't own any land and/or had food production means, had to trade in their gold and silver for said food. I think it was 1 ring (usually gold) for a considerable bag of flour. If the predictions made over the past few years, decades and (yes) centuries is true and the endgame is coming up... Then holding physical gold and silver could keep a man alive for a time, before he gets back on his feet. As I have a feeling that an artificial food shortage is soon going to arise. But I might just be a doomer, making connections where none are. Yet, if you got spare cash you should consider a few alternatives.
>>531414731Because Gold has gone up so much over last 2 years and because other things are crashing right now, retail and some institutional investors are selling to take profit or cover positions. But don't sell if you're reading this and make sure to buy because central bankers are not selling and will soon start buying again
Dont care still buying silver.
>>531414731>Gold is crashingYes we know! I've already got orders lined up for Monday morning. This is exactly the reason I've been sitting on cash, waiting for this. I know I'm not the only one.
>>531414838Yeah in 15 more years. Just buy the dip bro
>>531414731it make no sense if you think about it, oil is rising meaning high inflation, also everything is selling including US dollar treasury's, so where the fuck is money going to
>>531414947What practical value does gold provide you? Can you eat it?
>>531415425Silver is also crashing
>>531415063Norway has 0 gold reserves btw.
>>531415112Back down to 3k it goes
>>531414731So many people bought the top, kek. Remember there were people waiting in lines to buy gold.
>>531415011goldbugs are pretty funnythey always tell you how gold is a hedge against bad times, and then they wonder why people start selling their gold during bad times, kek.it's working exactly as advertized. no nation will wait until total collapse, going>heh, it could be worse, I am not touching those reserves yetall the way
>>531415512Nothing. It's a worthless, shiny shitcoin. In a collapse scenario, it's utterly worthless, in a bear market scenario, it's simply just massively overvalued right now
>>531415512you can display it as jewellery to show that you own it. (and possibly make yourself more attractive to mating partners)
>gold goes to $0>no one sells their gold anymore>no one has money beyond basic expenses anymore>people try to trade gold>that will be 1 oz for a loaf of bread>MAID
>>531415589So youre into whores? Flashing a stack of cash works better.
>>531415589Dis nigga wears jewelry like a woman Do u wear eye liner too faggit
shit finally im rich like a jew now by shorting at 500x leverage.
It's a well performing asset class, those get sold to pay margin calls when real selloffs in other assets get going.
>>531415657Post portfolio screencap.
>>531415572Gold is a store of value, the fact they can sell gold for fuel shows that it fulfills its purpose. The profit margins on gemstones are bigger yet they aren't used as a reserve store of value. Now, gold might but be the BEST store of value especially for the little guy but that doesn't mean it's worthless either
>>531414731wtf i always thought the gold is secure why is it behaves like a shitcoin?
>>531414731Sell gold, buy oil
>>531415601That's not how value works, if it was 0$ value that means either you wouldn't be able to use gold as currency, or that the dollar wouldn't be used as currency
>>531415589Tempted to buy some more 24k gold jewelry. NPCs aren’t aware, ignore.
>>531415741>why is it behaves like a shitcoin?Check picrel on post >>531415348
>>531415771When was the last time you conducted a transaction for some material item using gold?
>>531415729Gold has no value at all, other than as a stopgap for getting off the USD
FUCK YEA FINALLY FINNA BUY MY DOOKIE ROPE CHAINBLING BLINGY BOO
>>531415253Based, then I'll get even more yellow rock. I like Helvetias.
Remember when Trump said he'd audit Fort Knox?
>>531415071Congratulations on getting married, anon!
>>531415128Japan, India, SoKo, GCC?I don't think it's PRC.
docela bych nakoupil
>>531416330Remember when Trump raised half a billion to "Stop the Steal" (Tm), and pocketed all the money for that
>>531414731good. the price of gold/silver is outrageous. waiting for it to dip a little more before I start buying again.
>>531414838just a 2 day op bros, trust me bros
>>531414731Is ammo crashing too? No? That's what I thought. >>531415348>As I have a feeling that an artificial food shortage is soon going to arise.There are rumors about potential energy lockdowns, which means no travel for the masses because oil would be rationed.
>>531414731>GOLD IS CRASHINGIran is under attack RIGHT NOW!
>>531416539Guess what's going to happen once people can't move about and can't find food? Anarchy. Yet, a homogenized state could get together and weed out any thieves and would be gangsters that steal from the poor quickly. That is where the countless immigrants come in. Have fun sleeping at night if you live in a large European/American city.
>>531414731The normies rejected me, so I do them.
>>531416457Unironically no.
>>531415741Thanks to ETF, the big players are taking their gains, and longs are getting liquidated. And dollar up=gold down, that's how it works. But the predictions of the big institutions like Goldman Sachs and JP Morgan still table on $5-6k before EOY, so if you have the funds it's probably the right time to buy gold, and eventually silver.
>>531414947At the end of the day commodities values are determined by their usefulness and scarcity
>>531416677>AnarchyMaybe that's the end goal, idk. They would rather reign over hell than serve in heaven.
>>531414980This nigga knows shit, fuck boomer rocks
>>531414731>BUT BUT MUH METALS!
>>531414947Anon the future currency will be bread and ammo
>>531415771Yes.
>>531415741Elites pumped and dumped it to ensure Ukraine fights to the last Ukrainian.
>>531416967>>531416539>these niggas think ammo has value in the age of dronesLmfaooo ngmi.Start buying water buffalo butter now kids. Im way ahead of you.
>>531414731Don#t worry, I'm sure Donalds and Barons portfolio didn't take a hit.
>>531415336Yeah but if you undercut the supply/demand curve too much you will end up with zero available barrels (in theory) which would lead to an infinity short squeeze.
>>531417304Oil goes over 150 and public trading is halted indefinitely. The fuckey wuckey economy must continue.
>>531415011this. it's a commodity like any other and given its historically high price (combined with unprecedented times ahead), it's a sensible sale, especially for national banks. they sell the gold and stock up on as much fuel as possible, for example.anyone private citizen panic selling gold because of this dump when they don't have to is a serious fucken retard.
Shorted gold at 5k
>>531415312>It can be rolled into foil one atom thick>Doesn't oxidize >Not usefulName another element that can do that
>>531417291>I'm sure Donalds and Barons portfolio didn't take a hit.Front-running has its advantages.
>>531417200Hopefully, looters and deers won't be using drones anytime soon.
>>531415112If it's back down to 3K I'll buy some extra.Material is real. Stocks are worthless drivel given they're not based on what a company is doing but what (((traders))) think a company is doing.
>>531415112It's just a very obvious correction after a parabolic pump. Nothing special, really.
>boots on the ground>middle east oil crisis>dedollarizationAHHHH I MUST SELL MY ONLY ASSET WITHOUT A COUNTERPARTY
>>531415011>oil dumps toowhat's the cope now? muh bond yields?
>>531417576Also the second best conductor
>>531415741all of the prices are made up why would any of it be "secure"
>>531415512money is a tool to store your economic power for deployment at a later time due to a social phenomenon known as "the coincidence of wants">what is the coincidence of wants?it is when you and another person agree to trade goods and/or services, which is an unreliable way to live in a large society that has forgone self-sufficiency tribalism, in favor of systemic service based dependencies insteadmoney solves the issue of the coincidence of wants since everyone wants money, unless you're a pirate who has no use for money when forcibly taking things is easier, and you don't mind living on the literal edge of being betrayed or found and killed******IMPORTANT NOTE******money cannot printed, that's why gold and silver are moneycurrency is printed, and inflates
>>531415063The jews claimed that gold price was not volatile and that is why Bitcoin was le bad. Wow it lost $1,000 per ounce in a few weeks.
>>531417616No just the police and government and youll be mandated to lockdown just like under covid. Go outside? Hunger games bitch. Except with drones.
>>531414731Gold is likely being liquidated to cover margin calls etc as dollar strengthens and yields rise/interest rates increase. Its just the most liquid asset. During war times gold rises so theoretically once the liquidations cover costs you’ll probably see it skyrocket. A falling knife has no handle mind you.
>>531414731gold is still a practical metal that will always have value.
>>531418025True thats why i bought in at 120k, just waiting for the dead cat bounce
>>531418075So is aluminum.
>>531418088Gold, once valued at approximately $40 trillion in market capitalization, has now plummeted to $27 trillion—a loss of nearly $11 trillion in just a few short weeks.In comparison, Bitcoin's market cap hovers around $1.3 trillion. This means that the value lost by gold equates to approximately 8 times the entire Bitcoin market capitalization being erased in such a short timeframe.Gold is now even more volatile than Bitcoin, making one question its worth and stability. It's no wonder the Jews were so eager to peddle it to unsuspecting investors—they knew it was a bubble and wanted the average Joe to purchase their shares at inflated prices.
>>531414731Oil is a better trade rn
god damn this is gaytrump is such a piece of shit
>>531418075>>531418108All metals are valuable and useful in some capacity or another, which is why I am bullish on mining. The markets are crashing atm but that is what it is. Just panic and sentiment. Fuel costs remaining elevated for an extended period of time could certainly kill some smaller companies though.I can see a lot of these companies cutting hours or outright pausing production if fuel costs outstrip profits for longer than a few weeks. Which is ironically bullish for metals. And if a bunch of ships get sunk, and a bunch of bullets get fired.. also bullish for mining. In fact the only thing that isn't bullish for mining is the continuation of Lazy Girl Job HR Gig Six Figure Green Energy Spreadsheet economy.
>>531414731Don't worry that's normal
>>531414947Gold has an inverse relationship with inflation. Oil is expected to juice inflation so gold goes down. Also mid east countries may need to sell gold to make up for budget defecit because they can't sell oil.
>>531414731golds value is always same, gold is never crashing
>>531415512>nigger doesn't know how useful of a material gold is>thinks everything in terms of dietary valurI don't blame you, since your country outsourced all of its manufacturing to China, leaving your country as a shell of service industry.
>>531414947>why would gold crush i don't get itGold gets liquidated when a lot of big holders need cash.The question is, what do they need the cash for?Banking problems?Oil/energy?Maybe insiders are buying up certain stocks in advance of a major war?Look at the market and see what sectors are rising in price.
>>531414731Duh>Be PBC and Bank of Russia >Hyperinflate currency by having your treasury shit out bond and the central bank buy them up>Buy shiny rock>Use as collateral for more bonds>Repeat>Maturity hits>Surprised Pikachu
>>531419656To service their 500% respective 1200% debt to gdp ratio
>>531414947because some important guys want to buy it at lower pricewhy do people actually think these metrics can't be changed at will?
>>531417709Probably a lot of people with margin calls or other very urgent liquidity needs.If you need cash now you sell anything and everything, especially something as liquid as gold.Once the panic subsides and the sellers ran out, gold will again be bought.Until then it's crashing.
>>531414731>line goes upYAAAAAAAAAAAAAAAAAAS>line goes downNOOOOOOOOOOOOOOOO
>>531416164It's got value because of the rarity, nonperishable nature and labor required to obtain
>>531415768Burn oil, left with smoke.
>>531415512>What practical value does gold provide you? Can you eat it?No, but in a really bad situation, if I offer you little piece of gold, you will give me your food, your wife or daughter....
>>531421593Ok, fuck that TACO it is
Good. What a useless fucking trend this was. I hope it's over forever.
Thank God. I can actually afford an ounce now.
>>531414731>The jewish casino says a line means what a thing is worth.
>>531415105oil is consumed
>>531417977>******IMPORTANT NOTE******>money cannot printed, that's why gold and silver are money>currency is printed, and inflates******IMPORTANT NOTE******Gold and silver don't pay interest.
>>531423086lmao no the fuck I wouldn't
