/biz/ - Business & Finance

>>13671479
>just more patterns
>love is just chemicals bro
same energy

>>12188275
>>12188283
>>12188262
>>12188255
As much of a cliche it is, I don't think you understand the basics of market exchange or supply and demand, OP.

Having all your net worth in gold is an absolutely terrible idea. The value of Gold, like all commodities, is subject to supply and demand. Say new gold mines are found with rich ore deposits, the value will go down. Or say that a synthetic alloy starts to replace its function in electronics. This will also cause the value to drop. You should always have some diversification. Alot of gold's current value, btw, is in fact due to massive accumulation in terms of fiat money. Normal people don't have the time or money to invest in gold and it certainly isn't in most people's retirement plans. You eliminate speculative investors, the demand for gold will go down.

On a deeper level, however, there is a big confusion here on how money works. "Real" and "money" are an oxymoron in terms, nominal values are just that. Trying to treat a commodity as if it has some sublime properties inherit in its chemistry is like buying the hype of a coke-a-cola commercial. Gold has real value because it is a commodity, and commodity's have an exchange rate with each other that does not have to be expressed in nominal terms, and could be expressed as a ratio instead. Money and price is just an expression of the value commodities have, it's not that value itself.

>>12188339
Probably. I'll be buying silver soon.

>>11085933
https://www.reuters.com/article/global-precious/precious-gold-slips-amid-u-s-china-trade-war-concerns-idUSL3N1VY4PU?feedType=RSS&feedName=marketsNews&rpc=56
>Gold has lost out to the dollar in a battle for safe-haven flows. A firmer dollar makes gold more expensive for holders of other currencies.

>In addition, a sell-off in the Chinese yuan made the metal more expensive for buyers from the world’s top consumer of the metal.

I have no intention of investing in crypto. Its too volatile. And if I were, I'd buy one that actually works with a service unlike Bitcoin.