Gold, Silver, and other precious metals

[Anonymous No.12834682]

Is there any reasonable thing that can shoot down the price of Gold? I decided to buy a single Gold bullion and keep it just in case the world goes to absolute shit.

[Anonymous No.12834768]

I don't know. You could always ask all of history.

[Anonymous No.12834803]

>>12834768
Well, it pretty much shows that economic prosperity and stability lowers the price of gold since everyone tries to invest in business and production. Gold had huge upward spikes in price during the 70's oil crisis and the '08 financial crisis.

[Anonymous No.12835067]

>>12834682
Gold is truly the most comfy insurance you could have.

[Anonymous No.12835077]

>>12834803
Yo bro the past economic performance of the last 3 decades is the most important thing, bro. Nothing that happened thousands of years before even matters, bro. If central banks print more fiat that will only drive the price of gold down, bro. Brooooooo FUCK gold.

[Anonymous No.12835648]

>>12834682
you should do a little research on how the price of gold is made.
of course it can (and afaik currently is) pushed down at any moment

[Anonymous No.12835662]

>>12835077
You have to be at least 18yo to post on this board.

[Anonymous No.12835694]

>>12834803
doesnt that mean gold prices are going to go up? 2019 will be a shit show in terms of stock prices

[Anonymous No.12836034]

Asteroid mining will lower gold price in a few years. Sell now before it's too late

[Anonymous No.12836085]

>>12836034
Niggers are too much on a drain on economy for the USA to fund space research thus I have plenty of time.

[Anonymous [O1G] No.12836087]

>>12836034
i'm not into metals i think they are useless and should go but that statement is ridiculous. asteroid mining can only be thousand times more expensive than mining on earth on this technological level and for the foreseeable future. we will be filtering gold out of seawater and mine the seabeds before we turn to asteroid mining.

[Anonymous No.12836181]

Dollar price of gold and silver do not matter. It was gold that gave the dollar its value, so why the fuck would you be valuing gold in terms of worthless paper dollars.

The entire fucking point of buying gold is because fiat is a scam and oh want wealth and money for when fiat collapses.

You "make it" with gold and silver when the fiat paradigm ends and a new currency rises. That's when a couple ounces of gold will buy you a home.

A gold ounce 900 years ago is still that same ounce of gold today. Doesn't matter if the dollar exists or not.

When you buy a stock you buy it for a completely different reason than you buy gold. Gold is just real savings and stocks you want to go up in fiat price

[Anonymous No.12836214]

>>12834682
>muh shiny rocks
Fucking idiots

[Anonymous No.12836263]

Finally got my federal refund back I think I'll get a couple of these.

[Anonymous No.12836271]

>>12836085
Negrolocaust when?

[Anonymous No.12836604]

>>12836214
Gold is one of the few elements that is both solid and isn't reactive to other materials. It can be stored for thousands of years without degrading in quality. Meanwhile your shitcoin needs ASICs churning electricity in order to exist.
Gold also has many practical uses in electronics, chemistry, and medicine - giving it a hard minimum real world value.
>>12836181
No matter how much you hate fiat, people still get paid their salaries by fiat. So of course I would care about the fiat price of gold since that would tell me how much services I can get per oz.

[Anonymous No.12836650]

Best hedge for the incoming doom sometime in the next few years.

[Anonymous No.12837065]

>>12836604
Industrial use of gold is 7% retard. Hold is 93% speculation inflated. Gold is in a bubble. We barely scraped the earth's surface and already found this much gold. And for the 7% industrial use they will find better materials. Trust in technology and science.

[Anonymous No.12837209]

Silver > Gold