Is gold overpriced?

[Anonymous No.16120558]

>inb4 shiny boomer rocks

[Anonymous No.16120565]

>>16120558
shiny boomer rocks

[Anonymous No.16120571]

>>16120558
fucking love shiny boomer rock miners

[Anonymous No.16120574]

>>16120565
>>16120571

[Anonymous No.16120870]

>>16120558
dude just gold mining etfs there's no point holding gold it doesn't do anything by itself in a hundred years one ounce of gold will still be one ounce of gold just like one bitcoin will still be one bitcoin in a hundred years

[Anonymous No.16120893]

dont listen to this >>16120870
there is absolutly no reason to buy paper gold in any way, only physical is a hedge against everything gold is good for

[Anonymous No.16120961]

>>16120893
>gold etf
>gold miners etf
>gold explorers etf
first learn to read in american then learn the differences between these three to understand which one I meant

[Anonymous No.16120979]

>>16120558
No, it should have a current USD value right around $10k-$15k an ounce when you take into account inflation and currency devaluation.

[Anonymous No.16121018]

>inb4 a boomer comes and posts gold to usd supply

Bitcoin is the new reserve currency. Deal with it boomers

[Anonymous No.16121395]

Gold is overpriced in comparison to silver but generally no, gold is not overpriced.

[Anonymous No.16121407]

>>16120558
I got 120oz silver and only half an ounce of gold atm gonna pick up 2oz soon then I can be relatively comfy

then pick up increments of bitcoin if it dumps

[Anonymous No.16121412]

>>16120558
Silver isn't

[Anonymous No.16121429]

>>16120558
I got 120oz silver and only half an ounce of gold atm gonna pick up 2oz gold in sovereigns and maybe a 20 franc swiss coin soon then I can be relatively comfy

then pick up increments of bitcoin if it dumps
then toilet paper and prepping shit

[Anonymous No.16121445]

As an investment, absolutely.

As a status symbol, I won't fault anyone for buying a bar of gold just to show off to their friends.

[Anonymous No.16121470]

>>16120558
If you’re putting your money in physical gold your goal should be to guard against the inflation of your local fiat. Gold value in terms of USD is not going to fall, since USD is now entering a hyperinflation cycle with permanent QE. But gold value in terms of bread, or guns, or bitcoin may go down. It just won’t go down as fast as USD will.

[Anonymous No.16121499]

>>16120558
Gold is not overpriced, Gold is just gold. You brainlets putting it into the category of being an investment when that's not its main purpose. For the last 2000 years gold has been used as the primary store of wealth because of its scarcity and its use in cultures. Everyone around the world even in India view it as a holy metal, Temples and historical sites use it to decorate. Silver is an investment because it's not a store of wealth, It's a a niche metal used with applications in electronics just like gold. The banks do not own large amounts of silver at least in the same proportion to gold.

[Anonymous No.16121585]

Gold is a hedge against inflation. Infinite QE and the third Fed rate cut in a row are going to send all PMs to new highs vs USD. For that matter, you're better off buying mostly stocks in the short term because they are and will skyrocket even higher, which you can then sell to buy more paper gold, silver, platinum, palladium, and BSV. Physical is useless, except to show off. Why pay premium to buy and 10% fee to sell physical, when paper gets the job done? If SHTF, physical is pointless because the local Madmax warlord is gonna take your shit anyway, wageslave.

Palladium tho...it and a handful of its PGM bros are the only PMs with actual industrial uses on top of being the rarest metals on earth.

[Anonymous No.16121614]