/biz/ - Business & Finance

>>19850714
your chart literally shows a 20 year bear market for gold man, thats fucking garbage

>>16759837
lol. It will crash back down like it has for thousands of years

reminder to sage retarded goldbug threads

Its like everyone that shills metals are mentally retarded. Seriously, have you been to a doctor? You are just trying to convince yourself

Oh no no no no

The Gold Market is Totally Fraudulent

https://nypost.com/2019/09/16/jpmorgan-metals-traders-accused-of-manipulating-prices/

>From 2008 to 2016, Michael Nowak, Gregg Smith, and Christopher Jordan were involved in placing thousands of scam orders into the precious metals markets in order to “trick” rival traders into buying or selling with them, according to the criminal indictment from the DOJ.

>The traders used an illegal tactic called “spoofing,” where they flooded markets with a mix of real and false orders to buy and sell futures contracts on the metals in order to give a false impression about the true supply and demand, according to the indictment.

>For instance, on May 27, 2008 at 8:39 AM, Smith, of Scarsdale, NY, placed an order to sell seven silver futures contracts for $17.575, according to the indictment.

>Twelve seconds later, Smith put out a fake order to buy 91 silver contracts at one to two pennies lower — making it look like the price of the metal was heading down, and his real offer was a good deal, the DOJ alleges.

>Three second later, his real order was fulfilled, according to the indictment.

Libertarians on suicide watch.

>how many of you actually believe silver and gold is a rational investment?

Let me be clear. Gold and silver is not an investment. It's a hedge against inflation and a store of value.

https://www.youtube.com/watch?v=fjhLp8AHAYc