Gold Tumbles Below $1800, Erases All YTD Gains | |
Anonymous Coward User ID: 79633809 Poland 05/13/2022 01:05 PM Report Abusive Post Report Copyright Violation | |
Liquidmetal User ID: 81096904 United Kingdom 05/13/2022 01:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83082040 United States 05/13/2022 01:07 PM Report Abusive Post Report Copyright Violation | buying opportunity. 10 year cup and handle on gold. Quoting: Anonymous Coward 83082040 load up on physical, miners, etc. they've chosen currency collapse, and especially with booting Russia from SWIFT - that was a huge nail in the coffin for the dollar. to any naysayers i would say this - gold and silver have nothing to prove, they have been money for literally centuries clear back to Biblical days 2000 years ago. it is this tiny slice of an aberration history in the last 50 years to 1971 that people became skeptical about the value of gold because they grew up without it being tied to the dollar, as it was for 200 years before that. if the price of gold was proportional to the money supply when they decoupled it in 1971 it would be 5 digits easy. |
Anonymous Coward User ID: 79633809 Poland 05/13/2022 01:07 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80899930 United States 05/13/2022 01:10 PM Report Abusive Post Report Copyright Violation | The war is fake and the shortages are also. This is part of the covid 2030 reset economic plan. You all should understand this by now. In stagflation, there is whats called a deflationary event that brings dowm the value of assets, bought with fiat currency. It is all manipulated. |
Anonymous Coward User ID: 80233328 United States 05/13/2022 01:10 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83082040 United States 05/13/2022 01:16 PM Report Abusive Post Report Copyright Violation | the dollar climes so that explains gold Quoting: Anonymous Coward 82496760 unemployment is low 3.6%, headed lower inflation and the the dollar should be tangible BUT THERE NOT more dollars mean inflation more dollars mean low the dollar's value is BUT it's NOT someone i was listening to was just explaining that the "Strength" of the dollar was just relative to other currencies which are all being printed and debased too. kind of a shell game. i think it just reflects the US empire status as many other countries and even their currencies are probably dictated by the US as they are essentially vassal states from post ww2 relations like germany and japan. |
Anonymous Coward User ID: 83230031 United Kingdom 05/13/2022 01:24 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82678101 United States 05/13/2022 01:24 PM Report Abusive Post Report Copyright Violation | Such a farce…. Quoting: Anonymous Coward 82862075 Record inflation. War. Crashing stock market. Crypto dumping. PMs should have a raging hardon right now. The mainstream logic is that interest rates are going up so therefore cost to hold gold goes up… blah blah blah. While there is some validity to that, in all fairness its just ridiculous for it to outweigh the other factors. The value of gold and silver have actually decreased since the war began and inflation started rolling in hot. Amazing. In true GLP fashion, me thinks that Russia/china may have been banking on price increases as well… suffice it to say their speculative positions are now underwater if not worthless already! Because Russia and China are holding gold, the Western powers are manipulating it's value downward?99.9 What gold a marxist imperialist neomanarchist entity has is immaterial since it isn't involved with any version of fair trade. Since both China and Russia are clearly preparing for a war against the west the actual retail price is unimportant since their ultimate goal is to invade and destroy all competitive cultures and anyone refusing to knuckle under. |
Anonymous Coward User ID: 82678101 United States 05/13/2022 01:28 PM Report Abusive Post Report Copyright Violation | the dollar climes so that explains gold Quoting: Anonymous Coward 82496760 unemployment is low 3.6%, headed lower inflation and the the dollar should be tangible BUT THERE NOT more dollars mean inflation more dollars mean low the dollar's value is BUT it's NOT someone i was listening to was just explaining that the "Strength" of the dollar was just relative to other currencies which are all being printed and debased too. kind of a shell game. i think it just reflects the US empire status as many other countries and even their currencies are probably dictated by the US as they are essentially vassal states from post ww2 relations like germany and japan. In other words, it's being manipulated to benefit the manipulators and their agendas |
Anonymous Coward User ID: 76853690 United States 05/13/2022 01:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83082040 United States 05/13/2022 01:41 PM Report Abusive Post Report Copyright Violation | the dollar climes so that explains gold Quoting: Anonymous Coward 82496760 unemployment is low 3.6%, headed lower inflation and the the dollar should be tangible BUT THERE NOT more dollars mean inflation more dollars mean low the dollar's value is BUT it's NOT someone i was listening to was just explaining that the "Strength" of the dollar was just relative to other currencies which are all being printed and debased too. kind of a shell game. i think it just reflects the US empire status as many other countries and even their currencies are probably dictated by the US as they are essentially vassal states from post ww2 relations like germany and japan. In other words, it's being manipulated to benefit the manipulators and their agendas a free market always entails manipulation and always has. however the fundamental case for gold and silver are solid. you buy them to preserve wealth, as money, not as an "investment". i believe once bondholders and pension fund managers, and other big money asset managers who are holding these bonds and other dollar tied assets getting negative real returns figure out that inflation is going to be high and persistent, there will be a huge flight to gold that no amount of comex naked shorting will deter. gold as a percentage of the average persons portfolios in paper and physical terms is tiny, like single digits if that. imagine 50 million americans dumping their 401ks to buy gold. |
Anonymous Coward User ID: 78238907 United States 05/13/2022 01:59 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73015343 United States 05/13/2022 02:06 PM Report Abusive Post Report Copyright Violation | Google Calander this, last chance to the greatest opportunity to ever be offered to Joe average to buy something this discounted, outside of your mortality, any young person with insight to the scam will be rewarded for their patience if they put forth the effort to buy now, call me out in 18 months. |
Anonymous Coward User ID: 79416424 United States 05/13/2022 02:07 PM Report Abusive Post Report Copyright Violation | |
Dubitabam Visionaria User ID: 83159953 Brazil 05/13/2022 02:16 PM Report Abusive Post Report Copyright Violation | Gold have not erased it's gains. It's the dollar that is getting stronger versus some assets that are being liquidated. One ounce of gold buys exactly the same quantity of goods it bought a hundred years ago. The fiat money PRICE of things is the great illusion the cabal uses to rob us blind. "-But why, my dear Crito, should we care so much for the opinion of the many? For the most worthy men, whom we should prefer to consider, will think that things have happened as they really did." - Socrates. "-This City is what it is because our citizens are what they are." - Plato "-It is the mark of an educated mind to be able to entertain a thought without accepting it." - Aristotle |
Anonymous Coward User ID: 83175717 United States 05/13/2022 02:19 PM Report Abusive Post Report Copyright Violation | yeah, i just checked and 1 oz bullion coins have up to 6 dollar add for premium. they expect us to take a loss if we sell, but they refuse to take a loss on their prices. oh well, there are plenty of other commodities to play with. |
Anonymous Coward User ID: 80935529 United States 05/13/2022 02:23 PM Report Abusive Post Report Copyright Violation | |
The Gullible Skeptic User ID: 70011787 United States 05/13/2022 02:35 PM Report Abusive Post Report Copyright Violation | What Is it used for? Always thought it over valued. Outside of jewelry, or a store of value, yes can be used in electronics but only in small amounts due to cost. Oh Google says dentistry and medicine too. Would not be surprised if it goes lower. Quoting: Anonymous Coward 57454371 Try to buy the physical product for lower. INTP/8w9 Ennegram "You can't teach anyone anything but they can choose to learn" -Me- "To exist is to destroy"-Me- "Specialization is for insects" -Robert Heinlein- Nine Noble Virtues: ODINISM: Truth,Courage,Honor,Fidelity,Discipline,Hospitality,Self Reliance, Industriousness, Perseverance |
Anonymous Coward User ID: 80041041 United States 05/13/2022 02:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83082040 United States 05/13/2022 02:56 PM Report Abusive Post Report Copyright Violation | What Is it used for? Always thought it over valued. Outside of jewelry, or a store of value, yes can be used in electronics but only in small amounts due to cost. Oh Google says dentistry and medicine too. Would not be surprised if it goes lower. Quoting: Anonymous Coward 57454371 Try to buy the physical product for lower. it's interesting A/C 371 asks what gold is used for and casually wonders what point it has "outside a store of value". really, in the financial world, a store of value is basically what propels the economy itself. it's not a trivial concept. printing currency backed by nothing but force is a gamble as the world will eye up alternatives like Russias commodity backed currencies, oil traded at a discount, and so on. and yes jewelry, electronics, etc. also the occasional exotic application, i believe all the beryllium mirrors on the james webb space telescope are coated in gold. |
a follower of the way User ID: 4803585 United States 05/13/2022 03:03 PM Report Abusive Post Report Copyright Violation | No one guessed that precious metals would decline in value during a period of high inflation. Quoting: Anonymous Coward 77791173 Makes total sense, the banksters are in panic mode. They know full well the end is neigh as they cannot cover the paper gold and silver contracts....by by western central bank crooks!!! |
Anonymous Coward User ID: 82824776 United States 05/13/2022 03:05 PM Report Abusive Post Report Copyright Violation | Quoting: BBQ BOY™ Try to buy physical silver. You'll pay at least double for the real deal. It's going up and when the shackles break, as they're about to for obvious reasons, it will go beyond the moon. |
Anonymous Coward User ID: 83175625 United States 05/13/2022 03:12 PM Report Abusive Post Report Copyright Violation | |
Shaun Kaven User ID: 71498518 Colombia 05/13/2022 03:16 PM Report Abusive Post Report Copyright Violation | No one guessed that precious metals would decline in value during a period of high inflation. Quoting: Anonymous Coward 77791173 As others have written, there is some market manipulation going on. But gold has lost a bit of its luster since the 70s and 80s when it went to the moon even while Volker was raising rates. For some reason, idiots think that with the fed raising rates that the dollar is a safe haven. The elites are setting them up to fail. And mark my words, while they artificially keep gold depressed, they are loading up. At some point, and only they know the day, they will pull the rug out and all the dollar longs will lose everything. We all know that this Fed is not Volker’s Fed. If they tried raising rates to 20%, the US wouldn’t be able to make debt payments and they would default. Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
Dogma! User ID: 83229010 Thailand 05/13/2022 03:18 PM Report Abusive Post Report Copyright Violation | Again, actual buyers and consumers of physical know different. The jig may be up on the paper PM scam…at the very least, the market is showing no confidence in it. Quoting: Larphillips As paper PMs fall, the premiums on physical are rising…values on physical are holding the old gains, and in some cases surpassing them. Continue to watch what Russia is doing very loudly, and what China has been doing very quietly…shoring up their physical holdings, as well as adding to them. Why? Because they’re pegging their currencies to them as well as making moves to boot the US dollar from oil. This, physical gold is still very expensive vs paper gold. |
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