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/biz/ - Business & Finance

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20044690 No.20044690 [Reply] [Original]

Gold has only been at a higher price than it is right now for 22 days in all of human history vs the US dollar, and is at an all time high vs any other fiat currency

>> No.20044694

So sell it

>> No.20044697

>>20044690
Ok Saddam

>> No.20044720

>>20044690
sell it then

>> No.20044728
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20044728

>>20044690
Sell it for BTC

>> No.20044741

>>20044694
>>20044720
would you say that as Bitcoin approached its previous ATH in jan 2017 of $1100? or when gold approached its previous ATH of $880 in 2009?

>> No.20044761

>>20044741
>>20044694
>>20044720
how about when Microsoft approached its previous ATH of $60 in 2016, which it set 15 years prior to that during the dot com bubble ( its now $203)

>> No.20044865

Gold $3000 by 2021 EO Q1

>> No.20044894

>>20044690
Well there was never more fiat currency in circulation

>> No.20045512

bought the 2013 € bottom and never looked back.
DR;NS.

>> No.20045642

I like equities, crypto and PMs...they all have a time to excel. I just don't understand the neckbeards who choose one or more to hate on.

>learn instead of hating and get out of the gutter
>idiots...

>> No.20045644

>>20044690
Gold vs Dow is still very bullish for gold, even with the recent leg upwards for gold and the downward leg for the Dow.
The total dollars vs gold has never been higher.

Gold is significantly undervalued even if we do not get any serious economic troubles ahead, which we are very likely to get.

>> No.20045894

>>20044690
The dollar price of gold is fucking IRRELEVANT. Why in the fuck would you be valuing gold in terms of dollars when it was fucking gold that gave value to the dollar?

The entire point in buying gold is so you have money and wealth for when the dollar collapses and that’s when you “make it.”

Gold is REAL SAVINGS. It is not an investment like amazon stock. The dollar price of gold going up is not the same thing as the dollar price of amazon stock going up.

Did gold all of a sudden become valuable when America was born and the dollar was created? If not then the dollar value of gold means nothing.

>> No.20045929

>>20045642
I agree. The gold vs btc debate is actually irrelevant. One has absolutely nothing to do with the other. The marketcap of crypto could go to 100 trillion and it wouldn’t make gold any less valuable.

>> No.20045937

>>20044690
Retard shitcoiner doesnt understand the fed is printing out the asshole and devaluing the dollar, the price will keep going up because the dollar is worth less everyday faggot

>> No.20046383
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20046383

>>20044865
based

>> No.20046548

>>20044865
We need to break $1800.
We are so close.
Do you think the whole inflation thing is the primary reason for what will push us to the the $3000 mark?
$3000 is a massive jump from $1800.

>> No.20047869

Everyone treats gold like a tradable stock.

Gold is it's own asset class. It is real stability when the world is going crazy.

Think about it where would you put your money now if you had to leave it there and forget it for 10 years? Stonks? Treasuries? USD? Foreign Currency?

The USD as we know it is being zimbabwed out of existence. AMZN stonk will go to a $TRILLION but that will only be enough to buy a bag of rice.

Gold will just be sitting there watching, waiting while people are losing their minds wheelbarrowing in money for bread.

>> No.20048601

>>20046548
gold is gold, but the dollar is worth less over time, now they shit out more dollar bills than ever before, can you imagine what will happen smartbrainz?

>> No.20048675

>>20045894
based and goldpilled

>> No.20048686

>>20045642
My net worth is almost entirely in BTC but I still 100% see value in diversification. This kind of tribalism reminds me of idort threads on /v/, allegiance to one asset class for arbitrary reasons limits your possibilities for upside. Many such cases

>> No.20048966

gold is losing all gains of the last days right now

>> No.20049473

>>20048966
short term noise reaction to ADP numbers, exact same thing happened last month when we got + 3million, and here we are higher than last month