/biz/ - Business & Finance

Gold doesn't outperform or underperform anything. Gold is simply real money AND more importantly REAL savings. The dollar value of gold means NOTHING. Did gold all of a sudden become valuable when America was born and the dollar was created?

If the dollar dissapeared from earth tomorrow morning your wealth in gold would be unaffected. The entire point of owning gold is for a currency crisis/collapse. And then you can go buy a home with your ounce or two of gold (converted to the new currency) for pennies on the dollar for what it cost you to buy that gold in the fiat paradigm. Why would you be valuing gold in terms of dollars when it was gold that gave value to the dollar?

Gold going up in dollar value isn't the same thing as amazon stock going up in dollar value. In fact... you want gold to go down in price because that means the govt isn't out of fucking control anymore. And if gold goes back down to 300$/oz that's a good thing...and you don't lose in real terms either... because a gold price at 300$/oz means a subway footlong sandwich is 2$ like it was 25 years ago. The entire point of buying gold is because the dollar is a scam. If you don't take any of your gains from the market and put it into real wealth .... gold..... then all your fantasy paper gains in the market will implode. It's all just fucking inflation and almost zero% criminally suppressed interest rates that make the market go up. It's all fantasy paper profits.