Just give up on these kids Malthus. They have only known an era of fiat currencies, rampant money printing and the nice easy life of living in a country with the reserve currency. Surprisingly, half of them are business majors, yet understand nothing about macro-economics such as this.WOriginally posted by Malthus Doctrine:
Gold goes up and down just like anything else, but gold can NEVER be bought out, file bankruptcy, sold off or merge. Gold is not purchased for investment goals long term. It is bought to PRESERVE one's own wealth with the insurance that it can never go negative or have zero value.
Just give up on these kids Malthus. They have only known an era of fiat currencies, rampant money printing and the nice easy life of living in a country with the reserve currency. Surprisingly, half of them are business majors, yet understand nothing about macro-economics such as this.
When the system goes, it's gonna go fast. We will wake up overnight and gold with be worth double what it was the night before. It's a big ponzi scheme. Why you think everyone gets nervous about things like Greece? It's not because of the drop in the bucket debt they have that could be wiped off the board no problem. It's the blowing up of 700 Trillion of derivatives with chained counterparties that nobody understands that they can't print their way out of that has them terrified.
Gold is a put to the insanity of the monetary authorities. We don't even have conversations anymore about meaningful budget reform. Republicans are terrified. Just print more money! When ponzi schemes unravel, they go fast. Keep an eye on Japan. When that starts to get away from them, it's time to head for the door.
Gold is the play. A hedge against inflation.LMFAO 😂 any day now Boston has been saying for the last decade. While the rest of us have been making hundreds of thousands of dollars investing like non idiots.
Pretty hilarious how stupid he is. Almost as stupid as the people who can't mind their own business.Reminder that everyone on this board who isn't a doorknob knows Boston is a conspiracy theory guzzling moron, who is legitmately broke from his gold idiocy.
Follow Boston for financial advice: you'll be broke . Follow him for health advice, you'll be dead.
Gold is up 0.2% today and you are bragging after losing $400,000 investing in it over the last decade.Another great call guys resurrecting a 10 year old thread. And here I thought you were just a bunch of dumb fuk useful idiots for Brandon . Maybe there is hope afterall that you won't embarass UCF at social functions.
Gold is up 0.2% today and you are bragging after losing $400,000 investing in it over the last decade.
Amazing.
It's quite obvious you are a useful idiot with no life other than to troll on UCF message boards.
Admittedly from this single rock bottom point gold is up 46%. The problem is it has been outperformed by literally every other investment vehicle over that 7 year timeframe.LOL. You must have me confused with one of your loser woke friends.
A) Gold makes up a small portion of my portfolio
B) It was at 1200 at the time of this thread it's pushing 1900 now
C) I suspect you are broke loser and have no business talking finance with anyone
But keep making shit up for the archives. 🤣 It's quite obvious you are a useful idiot with no life other than to troll on UCF message boards.
Admittedly from this single rock bottom point gold is up 46%. The problem is it has been outperformed by literally every other investment vehicle over that 7 year timeframe.
You seem to have a real problem following the subject matter of a thread. Your BDS has really taken over your crummy life.What's our chud president's plan for out of control inflation?
You're almost there with your BDS rage. Now start talking about the vaccine. Maybe you could regale us with mention of how you may or may not have gotten one, Mr. Non Sequitur. We are all dying to hear it.Hey chud...the use of gold in the past was an inflation hedge.
It’s the classic cup and handle. Hopefully you have 40 more years for the handle to fully form.LMFAO 😂 any day now Boston has been saying for the last decade. While the rest of us have been making hundreds of thousands of dollars investing like non idiots.
It's gonna go up at least $20. 😂🤣It’s the classic cup and handle. Hopefully you have 40 more years for the handle to fully form.
Lmfao you have to be trolling. No one is honestly this dumb, bragging about a 3% annual return hahahaHey great call guys! Resurrecting a 10 year old thread just in time for a breakout to new all time highs! You tools may not be as dumb as I thought.
Long gold, short nasdaq working. What the Fed wants, the Fed gets.
He is legitimately mentally handicapped. Gold isn’t at an all time high. It’s essentially been flat for the past 2 years (really 10 years if you want to go back that far. It hit a high 8 months ago that was 10% higher than it is now. I sold a bunch of gold (rings and necklaces) back in 2011 for basically the same price that gold is today. Meanwhile inflation has been 40% since that time and equities are up 200%Lmfao you have to be trolling. No one is honestly this dumb, bragging about a 3% annual return hahaha
Actual antivaxers are dumb enough, they don't need people pretending to be morons like what you are doing
I mean, I have been saying these exact words for several months now. He needs professional help if he isn't trolling, but I'm thinking he's a left wing guy with the long con pretending to be a right wing anti-vax nut job, because frankly no one can be that dumb.He is legitimately mentally handicapped. Gold isn’t at an all time high. It’s essentially been flat for the past 2 years (really 10 years if you want to go back that far. It hit a high 8 months ago that was 10% higher than it is now. I sold a bunch of gold (rings and necklaces) back in 2011 for basically the same price that gold is today. Meanwhile inflation has been 40% since that time and equities are up 200%
How braindead do you have to be to see a “breakout to all time high” in the gold price chart?I mean, I have been saying these exact words for several months now. He needs professional help if he isn't trolling, but I'm thinking he's a left wing guy with the long con pretending to be a right wing anti-vax nut job, because frankly no one can be that dumb.
@Boston.Knight 😂🤣😂🤣Here’s a good article about gold topping $1900 this week.
whoops. Nevermind it’s from 2011 when BK first started pushing it.
Gold tops $1,900, looking 'a bit bubbly'
Gold prices are racing to new highs day after day, and are now at $1,900 an ounce. While experts aren't too worried about each new milestone, they are a little freaked out about the rapid speed at which gold prices are climbing.money.cnn.com
It’s currently under $1900.
I think companies with strong balance sheets will be ok here. Rising rates give them an advantage over other companies. Companies getting crushed are growth companies with no earnings. Facebook is more because wall street isn't buying the metaverse at this point.
Gold return since you started shilling for it - 2%And seriously, I hope the people that are all in on bitcoin can learn something here after a good fleecing. The whales are pulling in the last batch of greater fools and are dumping winnings into physical gold. Bitcoin can be manipulated by such incredibly low volume that it will be a piece of cake to push around to the downside as much as the upside.
The divergence to mean over the last year of the nasdaq/gold ratio 80%. The Fed is signaling strongly the party is over and actually want gold higher and nasdaq lower. Don't fight the Fed.
I expect to see 2400 gold by year end. The Fed is acting panicked and scared, which is not good for confidence in the USD. The long gold, short nasdaq trade is just getting started. I see 20% as a floor. It will be probably closer to 40 to 50%
yeah we are in a full blown correction as of now. We were overdue for one. Hopefully we avoid a big bad bear. As long a it settles and levels fairly soon, this is a healthy thing for the market.Nasdaq is down another 2% today.
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