You DONT buy gold hoping it goes up in dollar price like a stock. Amazon is a business making revenue. Gold is just fucking gold... it isn't supposed to provide you returns.
Gold is money and savings to protect your wealth and exponentially increase it when fiat fails. That's the entire fucking point of buying gold.
The dollar value of gold is irrelevant. Gold didn't all of a sudden become valuable when America was born and the dollar was created so why the fuck would you be valuing gold in terms of fiat?
Also it was fucking gold that gave value to the dollar.
As a gold owner myself I HOPE the dollar price of gold goes back down to $250/oz.
Gold at $250 just means you have a govt that isn't out of control and an increasingly healthy economy.
Remember anons a good economy means prices are falling and gold going back down to 250$ means the economy is getting better and prices of all goods will drop as well so in real terms you would not lose if you bought gold at 1k and it went down to 250$ because a subway footlong sub will go back down to 3$.
All the dollar price of gold shows is how unstable, volatile, and lack of store of value the dollar is
>You dont buy gold for the returns. >Gold will exponentially increase your wealth when fiat fails.
Pick one and stop contradicting yourself.
Logan Taylor
This is true. Whenever I put money into a store of value I hope the value goes down.
Austin Diaz
I accept gold for my house rent I don't want gold to moon, because it means fiat collapse
Christian Carter
You aren't buying gold now for fiat gains. You are buying gold for when fiat implodes and the transfer of wealth that comes to gold owners
That's literally the entire point of buying gold you moron
Hunter Cruz
>Gold You mean boomercoin?
Adrian Thompson
Thanks just bought 100k gold.
Joseph Gomez
Gold isn't going down when it goes down in price. It's just a barometer of the value of the dollar. A gold ounce 900 years ago is that same gold ounce of stored economic energy today. Doesn't matter if the dollar fucking exists or not you idiot.
So when the dollar price of gold goes down that means prices get cheaper.
25 years ago gold was at 300$ Or so and a loaf of bread was 90 cents or so.
Today gold is $1,200 and a loaf of bread is like $3.50.
Get it now retard?
Jeremiah Richardson
You get really mad when someone doesnt want your shiny rock.
Ryan Green
It will once I figure out how to synthesize it cheaply. I'm going to dump so much synthetic (don't worry it'll be chemically equivalent to "real gold") gold that the market will die and every old psychopath boomer that's put their life savings into this will be serving up fries at McDicks in no time
Brayden Richardson
Gold $5,000/oz EOY
Jackson Perry
This is correct, but I would add one more thing.
Buy and hold physical gold (or silver)
There are gold-backed assets that are redeemable for gold until they aren't (the issuers over-sell them to make more money), so make sure you have a safe to keep your physical bullion in. Ideally keep it in forms easy to verify (I like using Canadian mint rounds because they are .9999 pure) and more easily traded with like 1/4oz and 1/10oz coins (a 1oz coin is enough to buy a used car or 1-2 months rent in fiat).
Dylan Miller
I'm trying to educate. Everyone is getting poorer because you and the rest of the population are low IQ and don't understand what real money is.
Thomas Hill
this looks like a penis
William Martin
>and a loaf of bread is like $3.50 how much is a banana?
Liam Hill
Knock, knock.
Who's there?
Banana.
Banana who?
Knock, knock.
Who's there?
Banana.
Banana who?
Knock, knock.
Who's there?
Banana.
Banana who?
Knock, knock.
Who's there?
Orange.
Orange who?
Orange you glad I didn't say banana?
Wyatt Allen
where the fuck is a loaf of bread $3.50? do you live in the bay area or something?
Logan Smith
dude, at kroger a loaf of Sara Lee is $3.59. There are some cheaper breads in the $2 to $3 range, but they are dog shit.
Michael Gutierrez
How bout how eggs were $0.89/dozen at the beginning of the year and now they're $1.69/dozen yet gold has gone down in value?
Carson Myers
eggs are the same price as they were at the beginning of year, at least here, and gold is about the same price as well
Nicholas Robinson
sara lee is high end white bread as far as regular grocery stores go and also not that expensive in my area. other than that you're talking about a botique store or somewhere with HCOL. sara lee is similar to buying from the bakery in my area
Isaac Green
>don't understand what real money is ok thats why im pulling in equity value and you are stuck with your shiny rock lol
Landon Fisher
i will
Cameron Rivera
give it up boomers nobody is gonna buy your shiny rock bags
The little rock making desperate people all over the world put their kids into slavery and flush mercury in the waterways... digging, clawing, ripping the Earth up
All so you can pay tons to sit on your ass and feel good about your false sense of security
Gold industry has to sell everyone on all the standard shit. Buy it for your girlfriend. For your economic health.
Jump up and down, demand the government buy and hoard gold. Vote for pols to put all kinds of natural places in jeopardy.
There are a lot of things with intricate value but they are still not accepted as payment or currency even. Gold is just a mediocre store of value build on speculation because gold is honestly basically worthless looking at the use cases there arent many
