basicly all world centrals banks have started cut their interest rates just recently, and some plan going even negative interest rates, this has never happened modern history
this is currency war, and leads to inflation to all fiat currencies, thats why gold breaking out
$ 10 000 Gold is moderate estimation of future, and $ 1000 silver is totally possible
so all countries are record debt, everything is record debt, and now central banks cut interest rates, and some start again printing money, they call it quantitative easing, and many msm economist talking already that negative interest rates coming
this means that fiat currencies losing value big time, so when people notice this, they find safe heaven their wealth, and gold and silver is hedge against inflation, and been store of value of thousands of years
Silver markets are tiny, and so they are very manipulated, some even say that silver is better investment that gold
Jim Sinclair-Silver Will Be Gold On Steroids In Coming Rally
Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium. The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . . This is when gold is going to levels that today are considered more mental illness than monetary analysis. Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”
>Gold goes up but the purchasing power of the dollar remains the same
Sebastian Adams
well, look what happened Bitcoin, some say when it was $ 1, that it doesnt go higher
then it went to $ 20 000
when/if fiat currencies coming worthless because central banks action, majority of people buy gold, and when gold become very expensive rest buy silver
Lincoln Young
look at this, its says
US dollar to Gold ratio now $ 5958 and US dollar to Silver ratio now $ 725
so if I'm a futures trader would it be a good call to long gold and silver? I own about 60lbs gold/silver but daddy always wants more
Robert Reed
get physical metal. banks are going to fail in the next crash. your contracts will burn with them.
Jaxson Lewis
dude we are at a foot of a recession there is no way Gold is going to go down any time soon
Luis Cook
It has now been proven that gold is the only reliable store of value. Bitcoin is dead. If you are smart, get into gold while you still can.
Nathaniel Phillips
GTFO, gold is /ourcoin/ now
Nicholas James
It's too overpriced in comparison to other precious metals and the fact that people are so optimistic for decades and shilling it on every ad on boomer tv right now because of an alleged recession would be a time to sell for me. I could be wrong, have no skin in the game. But the fact nobody even expects it makes it suspicious.
What does that mean? If that's the ratio why can I buy an American Eagle for $19?
Ayden Brown
>concept of deflation that brings about hyperinflation. This guy is full on nutters.
Angel Cooper
Shit can dump even when there's inflation. The cost to mine gold is $1k per ounce, so there's room downwards.
Benjamin Brown
Why you no find safe heaven your wealth?
Levi Barnes
>It's too overpriced in comparison to other precious metals It is the cheapest to transport and store
Nathaniel King
Good try goldberg
Anthony Howard
Based and redpilled and high IQ t. kike shill Probably the stupidest post ive seen in weeks. To defend against a recession banks, go on a printing spree and do quantitative easing, and give bail outs to crooks and shit businesses. Then we go hyperinflation mode. Consider buying a rope, shitskin.
Thomas Cook
t. has huge bags of gold and want to shill it to others
Owen Barnes
stupid faggot i bought most of my stack back in 98-99’ at
How do you buy dumb rocks online? I've wanted to buy gold in the past but searching for it only gives results for sites that look like scams. Then you get flooded with ads for "SELL ME YOUR SHITTY JEWELERY".
James Myers
Metals will still do well compared to your secret cash stash hidden under the mattress
Mason Collins
I use APMEX
Gavin Peterson
> compared to your secret cash stash hidden under the mattress
my what?
Xavier Evans
They make fireproof safes my mans
Dylan Nelson
I wouldn't trust a "fireproof" safe with my enemy's money
Austin Lopez
JM Bullion has been good for me. Free shipping for orders over $100.
You sound like one of those people that keep insisting there will be an alt season....we are trying to help you.
Oliver Brown
Didn't I tell you to fuck off yesterday?
Isaac Mitchell
>he doesn't store it in non-obvious places where niggers would never be smart enough to look You're really giving niggers credit here mate
Aaron Bennett
cool, you think I can't remember a string of characters? lmfao
Carson Anderson
another good JPM quote: >If I should attempt to tell where the money is in every transaction I make, I should have a hard time of it. long monero gold silver guns food and ammo
David Wright
Black Rock ETF teleports behind you, heh heh heh... nothing personal kid.
Starts selling millions of tons worth of Gold and Silver ETF's.
Joseph Martinez
Imagine making bank only have to spend 1k for a loaf of bread lol
Cooper Cruz
Gold doesn't burn dumbass.
Isaac Perez
Gold can burn in a star furnace
Elijah Gray
shit can also go to 12k in a currency crises.....do you know what a credit cycle is???? do you know where we are in one??
Colton Clark
car accident or gunshot is more relevant risk
Nicholas Long
Because for each physical oz you have 180 paper oz existing traded on the exchange market. 180:1 This is the most manipulated asset in the world.
Because they set the rules and therefore can do whatever the fuck they want. See the Hunt story in 1979. youtube.com/watch?v=Zci9z_gLMrQ
They were super bullish on silver and monopolizing the market to the point that they were putting the squeeze on short positions held by other commodity traders. Commodity traders in bed with the commodity exchanges who repeatedly changed the rules on taking delivery and contract amounts. The did this just enough to keep the shorts afloat until the Hunts got margin called and lost the lot. This only happened because the game was rigged in favor of one party. Had the hunts been allowed to purchase as many contracts as the wanted, they would have btfo of all short positions and the price would have gone parabolic.
Even billionaires get played. There's always a bigger fish as they say
btc silver and gold are literally 0% risk and 100% going to pump hard when these retarded bonds start giving out the worst interest in the history of mankind
Sebastian Sanders
Imagine trying to save your money from hyperinflation by buying a worthless metal that has 0 use in today’s technologically advanced world. BTC has 18 decimal places, more places accept BTC vs gold. You can’t even buy a loaf of bread without converting your gold to fiat and then back to gold in order to avoid losing more money. Gold is unironically a thing of the past lol. Fucking Stone Age tech.
Andrew Carter
15271901 your mom said you push rope. i believe her the way you cut bait
Just having to go through the process of moving and selling your physical gold in person any time you want to buy anything is completely impractical in the digital age. Not to mention moon/asteroid mining probably profitable in less than 30 years. This will be the last recession PM's will do well. Remember to take profit
Problem with that fud is, its to far ahead in the future and with such technological advancement to mine a rock, why would they do it, why not build a colony on mars?
Adrian Anderson
>not knowing commercial space flight is gonna moon platinum group metals >positive feed back loops if it happens
Jayden Garcia
Gold is not an investment you morons. It’s a hedge against risk and inflation.
Even if gold soars you won’t be able to liquidate it and cash out, not if you own physical gold that is, and paper gold is a scam.
Dylan Walker
>Even if gold soars you won’t be able to liquidate it and cash out Nobody buys them?
Hunter Cook
Checked except instead of shilling gold you just made looks a Ponzi scheme like the housing bubble
Henry Lopez
please rephrase that sentence
Thomas Ortiz
No, I forgot an “it”. So kys
Nathan Miller
I think you're overestimating how hard it would be and underestimating a few decades of technological advancement. Like I said I don't think PM's are going anywhere yet but you can't keep everyone's confidence in the gold standard when you know there's a supply boom creeping around the corner. But basically we're arguing on time, my guess is 30 years what's yours?
Michael Jackson
And people will do whatever is most profitable, I doubt colonies will be profitable anytime soon
Justin Morgan
So....what makes you think we can even locate asteroids that actually have gold
Brandon Stewart
By that logic gold will be worth more than today for it to be profitable for people to mine asteroid. In that case I suggest by now to dump on scrubs later.
Benjamin Green
>not knowing earth is flat kill yourself zoomer
Nathaniel Peterson
Thats a risk we are willing to take. Every day a new goyim wakes up from the matrix. At this point though I don’t see why that have accumulated so much physical, unless they plan on pumping. I give it under 5 years before we omegapump. No its not legal, but they can do it because they can do whatever they want, they are the (((market makers))) for a reason.
Samuel Martinez
Yep Thats nothing ive been waiting almost 3 decades now
It can be half of what it is now and still be profitable as long as there's enough to be harvested/find a way to dramatically bring down fuel costs which I think is possible. But some anons calling for 50k gold in this thread would only push the tech out faster
Your argument has too much if. I believe someone pointed out Moore’s law has now slow down, so our technological advancement has dramatically slow down in this century. We haven’t even created commercial quantum computer yet, and if gold can be the catalyst for human advancement I say fuck yea. 50k can be possible given the purchase power of dollar losing over time, I will not be surprise if this is the case in the future.
Michael Jackson
Why nobody told me silver has 3.5% buy/sell spread I already lose -3.5% by the second AAAHHHHHHHH
Nathan Murphy
Even if you add an it your sentence still has a stroke
Jeremiah Sullivan
>cuck rock >fedora nugget
Logan Watson
Mate I’m not fucking writing an essay to present it to you. If don’t understand it then you don’t need to reply otherwise head your way to reddit you fucking retarded boomer.
Joshua Price
I'm no expert on the subject but if nasa and the private sector are already spending billions looking into it I don't think it's because the industry is 100+ years away from becoming profitable. Not really a matter of if just when
Owen Morales
you're retarded if you believe anything that comes out of nasa
