Where the gold haters at 2300, 2400, 2500, 2600, 2700? ⤴️

[knight_01]

Does gold have lower volatility though?

To me gold is a hedge against inflation.

Investing is about beating inflation.

But the zombie movie lover in me wants to have a small stash of physical gold, doomsday rations, ammo, etc. I'd want to be important in a Mad Max world.

 

[hemightbejeremy]

Does gold have lower volatility though?

To me gold is a hedge against inflation.

Investing is about beating inflation.

But the zombie movie lover in me wants to have a small stash of physical gold, doomsday rations, ammo, etc. I'd want to be important in a Mad Max world.

No investing isn’t just about beating inflation. Gold doesn’t hedge inflation and often is outpaced by it. Gold now has underperformed SPX index fund on the 1 day, 5 day, 1 month, 6 month, 1 year, 5 year, and 10 year timeframes. Yet every time it goes up 3-5% Boston Knight comes in like a Fox New commercial schilling it.

 

[NinjaKnight]

No investing isn’t just about beating inflation. Gold doesn’t hedge inflation and often is outpaced by it. Gold now has underperformed SPX index fund on the 1 day, 5 day, 1 month, 6 month, 1 year, 5 year, and 10 year timeframes. Yet every time it goes up 3-5% Boston Knight comes in like a Fox New commercial schilling it.

@Boston.Knight please comment with the following info:

1) How many hundreds of thousands of dollars you estimate that you have lost by investing in gold vs SPX

2) why we should trust your advice to vote for trump and avoid vaccines when you have proven to be an absolute and utter moron when it comes to financial advice.


Thanks in advance.

 

[hemightbejeremy]

@Boston.Knight please comment with the following info:

1) How many hundreds of thousands of dollars you estimate that you have lost by investing in gold vs SPX

2) why we should trust your advice to vote for trump and avoid vaccines when you have proven to be an absolute and utter moron when it comes to financial advice.


Thanks in advance.

That dude will be quiet as a mouse until gold pops 5%. At which point he will ignore the fact that it is still below where he predicted it would be years ago and has underperformed SPX in every mid and long term timeframe.

 

[Boston.Knight]

missles/nukes in Cuba

 

[Boston.Knight]

 

[hemightbejeremy]

Uh oh. A Twitter account called “world at war” is predicting a war with Russia. Time to stock up on shiny metals.

 

[NinjaKnight]

Uh oh. A Twitter account called “world at war” is predicting a war with Russia. Time to stock up on shiny metals.

World at war _6. 🤣

This has to be a psyop. No one is honestly as goddamn stupid as Boston is pretending to be.

He's really a mid 30's liberal millennial who loaded up on BTC a decade ago with fully vaxxed kids, retired at home cosplaying as a retarded MAGA boomer.


This level of stupidity is just not believable.

 

[hemightbejeremy]

World at war _6. 🤣

This has to be a psyop. No one is honestly as goddamn stupid as Boston is pretending to be.

He's really a mid 30's liberal millennial who loaded up on BTC a decade ago with fully vaxxed kids, retired at home cosplaying as a retarded MAGA boomer.


This level of stupidity is just not believable.

Gold down 3.5% today. I cant believe the goon squad dropped the hammer even after world at war 6 tweeted that.

 

[goodknightfl]

Uh oh. A Twitter account called “world at war” is predicting a war with Russia. Time to stock up on shiny metals.

I think I will add to bottled water and food plus guns. Silver is likely better for trading than gold. cost less and is in quantities that make sense for trade purpose. It also makes vampire killing bullets.

 

[goodknightfl]

Gold June 7 2023, $ 2292 Now $2311 So up $ $19 in one year and 3 days...

 

[NinjaKnight]

Imagine getting intellectually dunked on by goodknight

 

[Boston.Knight]

How do you like me now biches? so I'm while I'm making five and 10 baggers on Gold stocks you tools are all in on bitcoin let's see how that's working out in six months

 

[NinjaKnight]

How do you like me now biches? so I'm while I'm making five and 10 baggers on Gold stocks you tools are all in on bitcoin let's see how that's working out in six months

🤣 😂 🤣

You dumb bitch. I've been in BTC since 2013, and been telling you dumbass to buy it since 2017. Look up the prices and STFU.

You've been shilling horsepaste and gold. If we listened to you we would be dead from COVID like spacecoastknight and lost money in gold when adjusted for inflation. 🤣 😂

 

[hemightbejeremy]

As usual gold up 3.37% in a week and Bostwat returns. VTI up 3.6% last week BTW.

 

[hemightbejeremy]

That dude will be quiet as a mouse until gold pops 5%. At which point he will ignore the fact that it is still below where he predicted it would be years ago and has underperformed SPX in every mid and long term timeframe.

 

[Boston.Knight]

Looks like we’re gonna be eating good today boys. I expect to see a huge inflow into the GLD tonight as the west chase is the price higher up to 3K

 

[Boston.Knight]

Looks like we're headed for a 26 handle soon enough. Another good day of eating boys. Some of the miners popped 20% yesterday

After that cluster fook of a “debate” the Saudis and rest of the world are dumping the dollar big time. They now part of 🧱 and want a gold back currency.

 

[goodknightfl]

2517 now, only 20% below inflation over the last 17 years.

Fools gold. If it can get to around 3200 in the next month or 2 it can get close to being worth what it was 17 years ago.

 

[hemightbejeremy]

It’s funny that BK presents gold as a counter trend to US markets as markets and gold are both at or near all time highs. Problem is in the long term timeframe gold has underperformed. I don’t hate gold. I own a portion in my portfolio, but I don’t get the obsession that has lasted more than a decade. You are certainly worse off if you had a larger portion of you portfolio in gold vs equities over the last decade plus.

 

[Boston.Knight]

now a 26 handle, buckle up bag holders

 

[Boston.Knight]

2517 now, only 20% below inflation over the last 17 years.

Fools gold. If it can get to around 3200 in the next month or 2 it can get close to being worth what it was 17 years ago.

Besides being technically incorrect, this sentiment is typical of the West, and is bullish long term. Wait until the West starts to chase 📈

 

[hemightbejeremy]

now a 26 handle, buckle up bag holders

Will the 26 handle make up for the fact that gold has underperformed QQQ by 20% since the day you told people to get out of “bubbly tech” 2.5 years ago? Congrats on gold being at all time highs at the same time equities are at all time highs. I guess you were right. 😂

 

[Boston.Knight]

27 handle. True price discovery now . We're in the meat on the cup and handle of the 10 year chart

 

[KnighttimeJoe]

27 handle. True price discovery now . We're in the meat on the cup and handle of the 10 year chart

Is it turkey meat?!?!

 

[Boston.Knight]

You bag holders better buckle up. The rest of the world is dumping their USD. Eventually, the feds's gonna have to put the hammer down on stocks. It's absolutely ludicrous that the S&P is returning 30% YoY on non-GAAP earnings. Class warfare and more inflation heading our way.

 

[UCFBS]

You bag holders better buckle up. The rest of the world is dumping their USD. Eventually, the feds's gonna have to put the hammer down on stocks. It's absolutely ludicrous that the S&P is returning 30% YoY on non-GAAP earnings. Class warfare and more inflation heading our way.

Yeah, I'm looking at the $50K bump in an offer this week just being used to cover the expected increases in income taxes.

Although I made more consulting this year, so I'm going to dump a good 5 figures into a SEP IRA as well, and try to stay away from the growth stuff. Not really sure bonds are safe these days either.

 

[KnighttimeJoe]

Yeah, I'm looking at the $50K bump in an offer this week just being used to cover the expected increases in income taxes.

Although I made more consulting this year, so I'm going to dump a good 5 figures into a SEP IRA as well, and try to stay away from the growth stuff. Not really sure bonds are safe these days either.

5 figures would get you a TON of turkey tail. You'd be safe from the ill-effects of the jab in perpetuity.

 

[NinjaKnight]

27 handle. True price discovery now . We're in the meat on the cup and handle of the 10 year chart

Why in the goddamfuk are you talking about cupping and handling peoples meat?

 

[Boston.Knight]

Yeah, I'm looking at the $50K bump in an offer this week just being used to cover the expected increases in income taxes.

Although I made more consulting this year, so I'm going to dump a good 5 figures into a SEP IRA as well, and try to stay away from the growth stuff. Not really sure bonds are safe these days either.

Agree about the bonds. I am presently under allocated to bonds.

The feds disastrous 50 pips move didn't even move the needle on lowering interest rates on the 10 year, in fact it went up. They're gonna have to step on the gas harder, but it will only be a short term blip. The long bond market is sniffing out the inflation shit storm heading our way

 

[goodknightfl]

gold aug 1 1980 2396, today 2654 11% gain in 44 years. inflation since 1980 282%. Gold is fine as a trading item betting both for and against it. It is a horrid long term investment. It is a commodity. Nothing more nothing less.

It absolutely is not a hedge against inflation.
Fed action takes a bit to work it's way thru. right now Banks will take the gain interest changes to the public likely start in 4 to 6 weeks.

 

[hemightbejeremy]

gold aug 1 1980 2396, today 2654 11% gain in 44 years. inflation since 1980 282%. Gold is fine as a trading item betting both for and against it. It is a horrid long term investment. It is a commodity. Nothing more nothing less.

It absolutely is not a hedge against inflation.
Fed action takes a bit to work it's way thru. right now Banks will take the gain interest changes to the public likely start in 4 to 6 weeks.

It’s up like 28% on the year compared to 20% for your standard index fund. The problem is your balance at the start of the year was so much lower had you invested in gold for any substantial period of time. Thus your return in raw dollars would have been higher in the index fund for any timeframe where you started investing more than a year and a half ago. Boston has been shilling gold for a decade at least. And wanted everyone to dump tech stocks 2.5 years ago for gold. If you did this you actually made less dollars this year even though gold has returned a higher percentage.

 

[NinjaKnight]

It’s up like 28% on the year compared to 20% for your standard index fund. The problem is your balance at the start of the year was so much lower had you invested in gold for any substantial period of time. Thus your return in raw dollars would have been higher in the index fund for any timeframe where you started investing more than a year and a half ago. Boston has been shilling gold for a decade at least. And wanted everyone to dump tech stocks 2.5 years ago for gold. If you did this you actually made less dollars this year even though gold has returned a higher percentage.

I ran some back of the envelope numbers, assuming his age and if he is investing normal 401K amounts into gold vs any normal index fund he has lost out on at least $250K in unrealized gains.

I'm almost impressed at the stupidity of MAGA. Almost.

 

[Boston.Knight]

You guys still hung up on QQQ? 🤦🏿‍♂️

When we have anarchy , class warfare and uncontrollable inflation, it's going to become clear the Fed needs to put the hammer down on stocks. Guess where all that money gonna go. That's assuming of course the USD survives as reserve currency

 

[Boston.Knight]

gold aug 1 1980 2396, today 2654 11% gain in 44 years. inflation since 1980 282%. Gold is fine as a trading item betting both for and against it. It is a horrid long term investment. It is a commodity. Nothing more nothing less.

It absolutely is not a hedge against inflation.
Fed action takes a bit to work it's way thru. right now Banks will take the gain interest changes to the public likely start in 4 to 6 weeks.

You do know the rest of the World is accumulating gold to be the foundation of the BRICS reserve currency, yes?

So it's not only a hedge against inflation it's a hedge against the US dollar unraveling and shitting the bed. DXY looks like it's going to break below 100. All of this war mongering and using the dollar as a political weapon comes at a cost

 

[hemightbejeremy]