now global economy mayhem has appear and accelerate with trader wars, central banks cutting interest rates, more money printing, that is bullish af for Gold
all fiat currencies, US dollar, China Yuan, Euro, etc, etc. they have backed nothing, and when central banks print more money for and cut interest rates, that is of course lead to inflation
if Gold break ath and go $ 2000, then its psychological sign that world economy is big troube and send gold to $ 5000, then $ 10 000
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PM’s to the moon
Why is gold such a piece of shit? It only goes up like $10 then it falls back down again. Gold should go up like $500 in one day just like crypto and then it would be attractive to buy.
do you think this debt is sustainable
it has about doubled since last 10 years
and Trump era this debt has just grown more
and it says about Gold
US dollar to Gold ratio now is $ 5943
Because the only way to move it internationally is unironically using ledgers from companies that get your gold and then you get it in another country.
If you are going to use a ledger you may as well use bitcoin and avoid gold alltogether.
And besides that there is not another way to move gold internationally as it can't be taken into flights and moving it into another country is subjeted to tarrifs like goods.
Not yet, I'm not done stacking.
Price suppression through paper trading. If you want real value, buy bullion.
yes, there is so much more paper gold contracts what there is actually psychical gold
same with silver
The Paper Silver Market is 250 Times the Size of the Physical Silver Market
tavex.fi
that means that if paper silver buyer wants physical silver, only 1 to 250 get real physical silver
>trader wars
lol
ok, that was typo, i mean trade wars
Don't worry. It's not your fault that your bitch of a mom dropped you when you were a baby.
>all fiat currencies, US dollar, China Yuan, Euro, etc, etc. they have backed nothing
they are considered to be backed by their respective countries economies. why should it be pinned to a single asset when the printing authority owns so many assets? gold standard failed
>and when central banks print more money
they do this constantly, they take old money out of circulation, destroy it and print new money. should the treasury/mint workers only work once a year to print new fiat to adjust for growing demand in a growing populace?
>and cut interest rates
high interest rates are tied to high risk. a countries currency should not be a high risk asset. while there are positives to both sides of having a high and low interest rate, this isnt a bad thing
It's basically already there in CAD. RIP, I should've held on to my mining stocks.
Moon bois will love hyperinflation.
>tfw btc reaches $400,000 by 2020
>$400,000 buys you a loaf of wonderbread
You fags are not taking into account that bitcoin mining uses electricity and electric costs would suffer inflation.
As a result bitcoin price will always be above inflation of fiat since newly mined coins will have an ever increasing cost in an inflationary economy.
I said it sarcastically jerk ass
Yes the cost can keep going up but their market value can keep falling
The year is 2024. Gold and crypto are in a race to the top. Bitcoin took the lead early on but now gold is closing the price gap at $10.8 million price compared to BTC's $11.3 million price. On a percentage basis, beef, pork and chicken have outperformed all other asset classes. Percentage gains on meat are triple that of crypto and gold. People are eating cats and rodents in the ghettos
people don't get this, it's funny
>then its psychological sign that world economy is big troube and send gold to $ 5000
who falls for this shit?
expecting the whole economy to fall apart is on the same level as those religious nuts that predict the world is going to end and expect people to give all of their money to the church.
Is it really not possible to take gold in a flight?
Gold will hit 10k+ within 5 years
where do I get gold? local shops? online? keep in mind I don't trust kikes
Nobody gives a shit about shiney metals
Did you just turn 12? If not, you might be retarded.
Am I going to make it?
Price suppression through paper trading just like silver and bitcoin
Nice gold/plat stack.
IMO time to add some serious silver weight
where do you sell that? banks?
>Engelhard
>Pt Eagles
>banks?
lol, look up stories about people going in to deposit their 20 dollar gold pieces
coin dealers
Stop shilling PM's. Cryptocucks don't deserve to have this information.
daily reminder that the current silver to gold ratio is like 92:1 when it should be like 15:1. Silver is incredibly undervalued based on the historical data of silver and the deflating US dollar, you'd have to be a moron to not have at least some percentage of your assets in precious metals
Whatever Gold goes to Silver will move to a 10 to 1 ratio.
gold $10000 Silver $1000
calling it
we're gonna make it
Try moon3d and get good profit
Muh boomer rocks.
gold $10k? hah i will suck my own dick if that happens before btc hits $1mil
don't look now kid, but I think you better start suck
some proffessionals are calling gold 20k per oz usd, when db goes down hahahah fuck ..
the great bix is calling sliver 2000 or 1::5 or basically whatever you want
Whats the yield on gold again? Thats what I thought.
What's the yield on 10 year treasuries with 2-3% inflation?
lol never gonna happen
Anythings possible. Look at the world today it just a matter of time before fiat goes nul and void. People in western countries are not complete cucks like 3rd world countries when it cones to money. If the sentiment changes that the US dollar is worthless every year silver and gold are the only safe havens available.
I only have 1oz of Gold, 31oz of Silver, a sterling silver ring, and a 14k gold ring. Will that be enough to make it?
they say that silve is most manipulated and undervalued asset at the moment
if silver was insignificant, then JP Morgan bank would not hoard huge amount of silver
JP Morgan Has Cornered the Silver Market via Manipulation
The world’s largest stockpile of privately owned silver–500 million ounces–is owned by one of the world’s largest banks–JPMorgan Chase.
hurry up brah
GO BACK DOWN, I'M NOT DONE STACKING!
This
I barely got ahold of an ounce of platinum when it was briefly at $800. Fuck me
this, USLV will be a moonshot 100x
Did you even fucking read that article?
The metal-pusher says that 20B worth of silver is mined anually, while the amount traded overall is 5T, thus: 250X.
As if the traded silver is only the silver mined that particular year.
You don't deserve to have money you violently retarded boomer PoS.
Interestingly enough, the only sites pushing this blatantlly false narative are metal merchants.
Are you actually a boomer shilling metals? Holy fuck, that's sad.
This guys gets it. Best case your chosen get rich quick dream just ends up letting you transfer the $200 you "invested" in bitcoin or gold over to the next fiat system unmolested. You'll still be poor.
In relation to others that aren't able to transfer funds unmolested, I will be _____
What are you trying to make? A retirement for ants?
With 10% ebay bucks cashback and credit card cashback you can get this for ~$200 under melt value
Paying it forward for the bizlets who shilled me silver at $14 a couple of months ago
>literal jew gold