Where the gold haters at 2300, now 2400? ⤴️

[Boston.Knight]

It was never a stock vs gold thing. You tools never got that. Of course you are in on the game with the casino in the stocks. But the casino can go broke too. This is why we have gold.

Buckle up bag holders, your dollars are inflating away assuming you can still afford to eat. This is why we have hedges like gold and bitcoin. China is accumulating gold, and they want the world to know de-dollarization is upon us.

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[UCFBS]

Might have something to do with POTUS saying $50T debt by 2032 was no big deal.

 

[Boston.Knight]

China will be making their reserve currency play I suspect within the next five years. This is where they put their phat stack on the table after selling off 2/3 of their treasuries

Russian commodities combined with Chinese gold will lay the foundation for the new world order. The USD will hyper inflate eventually. Sooner rather than later if the debt burden accelerates. Salaries are going up in a big way presently in tech across the globe. That's true in other sectors as well. Middle and lower class will be on government assistance. Keep an eye on the Japanese yen to fall apart first

 

[hemightbejeremy]

remember when it was supposed to be at $2500 2 years ago?

Pepperidge farms remembers

More signs of hyperinflation. Goldman has gold at 2500 in 6 months. WOW. What Goldman wants, Goldman gets.

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It has only lagged the stock market by 12% over the past year. Which is pretty good I guess.

 

[goodknightfl]

It was never a stock vs gold thing. You tools never got that. Of course you are in on the game with the casino in the stocks. But the casino can go broke too. This is why we have gold.

Buckle up bag holders, your dollars are inflating away assuming you can still afford to eat. This is why we have hedges like gold and bitcoin. China is accumulating gold, and they want the world to know de-dollarization is upon us.

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yippee it is 15% up in just 14 years. After adjusting for inflation you are still down 25 to 30%.

 

[Boston.Knight]

yippee it is 15% up in just 14 years. After adjusting for inflation you are still down 25 to 30%.

You miss the point. The purpose of gold is not for speculative investing, it's as a hedge and insurance policy. Like all insurance policies, if you ring the register, it makes you whole and provides stability to your heirs .

Most westerners cannot fathom the idea of hyperinflation. Some of the tools on this forum have come to expect 25% stock gains year over year. That's not normal, and all it does is accelerates the dollar's eventual death. Hence why insurance costs (gold) keeps going up and up.

Regarding your comments on gold as an investment. You pick the worst two points on a chart, which is misleading. I can pick the best two points and show a 10 bagger in the same time duration. Gold has secular bear and bull markets. We're right in the beginnings of a bull market run. See you at $2450

 

[hemightbejeremy]

There is no medium or long term time frame in our lifetimes where gold has out performed the broad markets. And I know. I hold gold in my portfolio. It’s been the worst performer. You are made fun of, not because people are “gold haters” but because of your obsession with gold in the face of its real life performance.

 

[NinjaKnight]

There is no medium or long term time frame in our lifetimes where gold has out performed the broad markets. And I know. I hold gold in my portfolio. It’s been the worst performer. You are made fun of, not because people are “gold haters” but because of your obsession with gold in the face of its real life performance.

He's literally bragging that he lost money but he's ok with it.

That's his argument 🤣

 

[KnighttimeJoe]

You miss the point. The purpose of gold is not for speculative investing, it's as a hedge and insurance policy. Like all insurance policies, if you ring the register, it makes you whole and provides stability to your heirs .

Most westerners cannot fathom the idea of hyperinflation. Some of the tools on this forum have come to expect 25% stock gains year over year. That's not normal, and all it does is accelerates the dollar's eventual death. Hence why insurance costs (gold) keeps going up and up.

Regarding your comments on gold as an investment. You pick the worst two points on a chart, which is misleading. I can pick the best two points and show a 10 bagger in the same time duration. Gold has secular bear and bull markets. We're right in the beginnings of a bull market run. See you at $2450

yippee it is 15% up in just 14 years. After adjusting for inflation you are still down 25 to 30%.

Does anyone else in here find it absolutely HYSTERICAL that goodknightfl is mansplaining basic shit to Boston?

I mean, that is the true gold here...

 

[NinjaKnight]

Does anyone else in here find it absolutely HYSTERICAL that goodknightfl is mansplaining basic shit to Boston?

I mean, that is the true gold here...

I honestly can't think of a bigger insult

There's no recovering from this Boston. If you post something so mind numbingly stupid that goodnight can figure out you are being a dumbass....damn.

On the plus side, we have an answer to our question of who the biggest dumbass of the cooler. At least until BS jumps in and tries to claim investing in burritos is better financial advice.

 

[goodknightfl]

There is nothing wrong with gold in your mix of assets, but just like every other commodity it goes up and down. Treat it just like corn, silver, oil ect. It isn't rocket science.

 

[Boston.Knight]

There is nothing wrong with gold in your mix of assets like every other currency

FIFY

BRICS: Russia Doubles Gold & Foreign Currencies To Uproot US Dollar

BRICS member Russia confirms that the country is doubling accumulating gold and local currencies to challenge the US dollar.

watcher.guru

 

[Boston.Knight]

Insurance is going up bag holders.

New BRICS Gold backed digital currency will replace USD. The west is so desperate just to hang on. Cats out of the bag now. China buy up all the gold and eventually dethrone the dollar. Almost to $2450 already bag holders. Enjoy your $35 bag of potato chips hosers

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[NinjaKnight]

Your monetary advice is almost as idiotic as your health advice.

There is no way you are honestly this stupid and still alive. You have to be a leftist troll just tying to make MAGA morons look dumber than they really are.

No one is this dumb.

 

[hemightbejeremy]

Insurance is going up bag holders.

New BRICS Gold backed digital currency will replace USD. The west is so desperate just to hang on. Cats out of the bag now. China buy up all the gold and eventually dethrone the dollar. Almost to $2450 already bag holders. Enjoy your $35 bag of potato chips hosers

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It will pass 2450 sometime in 2026. Meanwhile the bag holders who don’t drive a minivan with a spare tire will have made much more money investing in other vehicles. Just like they did since the last time gold went up 5% or so and you were dishing out this advice 2 years ago.

 

[goodknightfl]

I don't think there are many gold haters. It has a place in investments. Maybe 5 to 15% depending on the situation. Countries buying gold is a different story, China and Russia want to destroy the US as the world power, weakening the dollar is a huge part of that. Even if they do that, Gold will still simply track inflation. In the long run for investors that is not good enough.

 

[Boston.Knight]

Good morning bag holders. Still running naked and unhedged? Got bad news for you, the last treasury auction was a disaster and a $24T meltdown in commercial real estate is looming. Nobody wants USD anymore. The fiat circle jerk is running out of gas. The Fed is trapped - either tank employment/stocks to halt inflation or let it rip and lose the elections.Should be interesting 3 months.

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[Boston.Knight]

Good evening bag holders, what a wild ride in the gold futures markets. It kissed $2450 before the goon squad put the hammer down. Great entry point for bagholders seeking a hedge before the Fed craters stocks and throws a wet towel on employment.

Chinese will be right back at it buying gold Sunday night. Put a crowbar in your wallets and read this article.

Pushed Up By Central Banks': BofA Ses Gold At $3,000; UBS At $4,000; Goldman At $2,700​

'Pushed Up By Central Banks': BofA Ses Gold At $3,000; UBS At $4,000; Goldman At $2,700 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[hemightbejeremy]

More signs of hyperinflation. Goldman has gold at 2500 in 6 months. WOW. What Goldman wants, Goldman gets.

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What Goldman wants Goldman gets. It may take years and years though.

 

[Boston.Knight]

Got your hedge on yet bag holders? You better start putting up metal gates around your houses in Florida. If you're not packin you better start. Starvation and being left behind will do strange things to people. Not everybody has stocks and can afford $9 bag of potato chips. You can thank the fed for this and these artificially inflated gains fueled by money printing not productivity

As The Dollar Falters, Gold Becomes Insurance, Not Speculation | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[hemightbejeremy]

Got your hedge on yet bag holders? You better start putting up metal gates around your houses in Florida. If you're not packin you better start. Starvation and being left behind will do strange things to people. Not everybody has stocks and can afford $9 bag of potato chips. You can thank the fed for this and these artificially inflated gains fueled by money printing not productivity

As The Dollar Falters, Gold Becomes Insurance, Not Speculation | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

I’ve sold my gold position every time you touted it. I’m now a multimillionaire.

 

[NinjaKnight]

I did a rough analysis awhile back, assuming normal contributions and bostons age, if he is 100% in gold he lost well over $100K in returns vs an average portfolio.

 

[KnighttimeJoe]

Boston is the retarded kid you weren't allowed to make fun of when you were in elementary school because he was, well, retarded.

 

[hemightbejeremy]

I did a rough analysis awhile back, assuming normal contributions and bostons age, if he is 100% in gold he lost well over $100K in returns vs an average portfolio.

Just checked my numbers. Since his last big tout March 8, 2022 where gold would soon be 2500 because Goldman Sachs gets what they want, the best course of action, predictably, would have been to completely divest in gold at that time and invest that money in VTI (total market fund).

He’s been wrong and laughed at for decades but maybe this time he will be right and have the last laugh.

 

[Boston.Knight]

Goldman calling for $3k gold. Time to load up.

MSN

 

[hemightbejeremy]

Goldman calling for $3k gold. Time to load up.

MSN

They also saw gold at 2500 by fall of 2022. It’s currently in the 2300s 2 years later. As already stated if you had invested in a broad equity market ETF you would have outperformed gold over that timespan. Stop giving investment advice. Gold might go up, but it’s not because of any special investment acumen you think you have. Sip your silver.

 

[Boston.Knight]

I'll keep bumping this thread on each handle change. Jerry don't get all excited on $100 sell off that's normal for gold and healthy

But everyone's dumping their dollars they see what's going on with our out of control deficit spending

 

[Boston.Knight]

It's also worth noting that spots silver sitting at $31.50. My first true love in the precious metal markets 🪙

Do you think the rest of the world is going to sit by while the US pisses away the dollar by giving everyone 30% returns on the S&P year after year? Orange juice, Cocoa, copper, gild, silver. Any hard commodity is having parabolic runs that they're having a hard harder time keeping control of

 

[hemightbejeremy]

gold outperformed VTI on the daily chart Friday. Almost makes you forget it had underperformed on the monthly and yearly and retards called for 2500 years ago because they had the intuition or Goldman gets what they want.