IT'S HAPPENING!

>IT'S HAPPENING!
>we're going into recession
>you should invest in gold now
>btw, I sell gold

stop listening to this retard, even when the recession he's been talking about for 1000 years comes, gold prices won't get so high anyway

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>gold will go up in a recession

why do people think this?

historical reasons, gold has been always considered the safest asset, but it has been doing shit in late years, that's why this retard keeps scaring people to pull out of real investments and buys his gold

Gold falls in a recession. It pumps 20%-50% in a depression/war. Investing in metals over usd is betting on a total collapse of the system and all out war.

this, if people are cash strapped gold will fall
the only way gold moons is in hyper inflation (moon to the local currency and not in absolute terms) or total war

went from $750 to $1900 from Q4 2009 to Q4 2011
recession was ongoing, no "all out" war, and depression was avoided due to QE.
what happened there?

inflation

2019 to 2011 was economic recovery not the crashing economy. Everything rises in a recovering economy. Your money would do bounds better investing in stocks over gold in a recovery. When i said gold falls in a recession i mean it falls with the economy when we enter a recession. If the econony keeps collapding into a depression gold rebounds in response to a fear of hyperinflation/war/continued hardships.

moron. gold goes down on recessions. gold goes up when there is inflation, recession is literally the opposite of that

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Inflation in a recession is only a few percent points. Nothing to get crazy about. Its not enough inflation yo push gold that high.

this time around, the bond market is going to collapse and the US dollar will lose value.

>gold goes down on recessions. gold goes up when there is inflation

gold historically usually performs like currencies unless in hyperinflation where it replaces currencies

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dollar value goes up during recessions, that means everything priced in dollars will go down, including gold

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>that means everything priced in dollars will go down, including gold
no, not including gold, because gold is like an alternative currency

no its a commodity that is priced in dollars and when dollar goes up gold will drop. Gold would go up when you have inflation and dollar is dropping

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>Mr. Schiff, when to buy silver?
When it's 4 an ounce
When it's 14 an ounce
When it's 34 an ounce

It's always a good idea to buy silver :^)

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the fud in this thread is interesting
by the way, gold will be $10k per ounce by 2030.

This user is right. In recessions usd usually performs well because usually the rest of the worlds economies are already collapsing and they buy usd with their shitcurrencies to store their value. When the us hits a recession the fed prints usd and invests it in the stock market to prevent depressions which causes a few points of inflation. Gold falls during this time because it is a commodity and people would rather hold usd. When the us hits depression the dollar falls and gold rises because of fears of inflation war and or economic hardships. Remember if countries collapse fiat of those countries become worthless. Gold was the best value storing mechanism we had before banks existed.

BTC will be over a million by 2030

bitcoin will be 0. something better than bitcoin may be over a million. bitcoin is trash.

I assure you BTC cannot be 0

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I'm being as hyperbolistic as you. Obviously it won't be 0, but it will be 99.99% down from current price.

and I am being seriously unironic BTC will be over a million by 2030

I sold my gold for Link

a million venezuelan pesos or a million zimbabwean dollars?

United Socialistic Dollars

This. Bitcoin will be the one skyrocketing..

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So what would we call a dying Petro dollar, recession or collapse? We pegged USD to oil instead of gold. It made every country have to suck our dick for 40 years but eventually the demand for oil will fall the more "green" we get. When that scale tips you best have those metals keister stashed no matter what you want to call it.

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>gold has been always considered the safest asset
Gold is a joke in the financial industry, wtf are you talking about? US Bonds are the safest and beat all commodities in terms of protecting against inflation and capital appreciation

Buy some Donald Trump coins from Dave!