/biz/ - Business & Finance

>>53007262
US hoards by far the highest amount of gold in the world (at least on paper). China and Russia are in the top 10. Arabs have begun slurping gold by the tons. Turkey - a country in deep economic crisis - spent billions slurping gold just this year instead of using that money more efficiently. There's an undeniable run on gold by the biggest economies...
and people are still unironically referring to gold as 'boomer rocks' and trying to dismiss it as only being useful in a world where civilization collapses and we turn into a Mad Max movie. Why do bag holders hate gold to such an irrational degree? No one in /pmg/ is saying hold all your savings in gold. Hell if someone said they're holding even 20k worth of gold posters ITT would be saying that's an impressive stack. Fascinating...