Is Gold overpriced?

[Anonymous No.16980233]

Gold price seems to be extremely inflated.

>Platinum: 1004.00
>Gold: 1571.60
>Silver: 18.10

Keep in mind that platinum is much rarer than gold. So is gold massively overpriced based on ... being gold basically? So every dumbass knows it is worth something?

[Anonymous No.16980263]

gold is the most stable value of the three.... you go into any coin shop and they will happily buy gold and will give you better margins on gold... some may not be interested in platinum and some will not give good margins on silver.... when in investing in boomer assets, invest like the boomers do, gold i safest

[Anonymous No.16980267]

>>16980233
checked and dismissed

if we didnt had left the gold standard how muh gold would the US need to back their currency?

exactly, we are underpriced and the correction is near.

[Anonymous No.16980294]

>>16980267
The problem with this line of reasoning is that governments can print infinite money to suppress the price through paper derivatives markets. It’ll snap eventually but it could take much, much longer than you think, and that’s not even considering drastic options like confiscation.

[Anonymous No.16980369]

>>16980294
>and that’s not even considering drastic options like confiscation.
Confiscate what now?

[The Devil !!y9pM1O7kKh0 No.16980382]

>>16980369
They'd just detain you until you decide to tell them which lake/where you hid your gold.

[Anonymous No.16980386]

>>16980233
Have you ever held a 1 troy ounce gold coin? That stuff is literally magic.

[Anonymous No.16980388]

>>16980233
Gold has more practical uses in the industrial sector than platinum. Silver is grossly undervalued.

[Anonymous No.16980394]

>>16980386
This. Holding a silver ounce is nice but gold is something else. You understand why men fought so hard for it once it’s in your hands.

[Anonymous No.16980414]

>>16980382
>which lake

[Anonymous No.16980424]

Can't wait for us gov to simply confiscate all goldbugs' rocks again and force them to take fiat in return. They did it before, and will do it again if necessary.
Hahaha.

[Pissy pooper No.16980448]

>>16980233
It's very unlikely that a country goes on a platinum standard

[Anonymous No.16980457]

>>16980294
the problem is that they only can print as much as people are willing and able to go into debt.

as soon as people start loosing their jobs and make less money due to a downturn it will start to snowball, that's why gold is still cheap

>>16980394
fully agree, gold changes you

[Anonymous No.16980499]

>>16980424
You're only slightly less retarded than those asteroid ignoramuses. Slightly.
Why do you think there is so much pre '33 gold on the market right now? Because almost no one turned in their gold.

[Pissy pooper No.16980590]

>>16980394
I agree, but lifting 10kg of silver is nicer than holding some ounces of gold

[Anonymous No.16980654]

>>16980424
>Doesn't know about Gresham's Law
Read a book, retard.

[Anonymous No.16980713]

>>16980386
>>16980394
Agree, it's a weird feeling.

[Anonymous No.16980732]

>>16980424
What gold now? I sold mine months ago in a yard sale

[Anonymous No.16980747]

>>16980386
THIS.

You don't really understand the world until you've held a pile of gold in your bare palms.

[Anonymous No.16980763]

>>16980654
Gresham's Law was pretty much the rule throughout US history. We never had enough real coins circulating, no matter what they were made of. Coins are far more common now than they ever were before.

>>16980499
>Why do you think there is so much pre '33 gold on the market right now? Because almost no one turned in their gold.
most of the gold coins on the market now were bank stashes to cover bank notes. Banks had very good reason to accumulate gold and silver. They had the means to do it, and iirc they were legally allowed to do it.

so even before the law went into affect most of the gold was off the market and had been since the 1800's.

[Anonymous No.16980794]

>>16980424
Even with confiscation you will make a clear profit from what they give you.

Non holders meanwhile will be left with absolutely nothing during an economic collapse.

[Anonymous No.16980812]

>>16980763
pre-33 gold is pretty cheap now and no longer collectible because of the flood of coins coming back to the US from Europe. This is pretty recent development btw.

[The Devil !!y9pM1O7kKh0 No.16980864]

>>16980424
They were only able to confiscate what was already stored in the banks.

[Anonymous No.16980876]

>>16980864
the difference now is that most people buy online now and that can be traceable

[Anonymous No.16980882]

>>16980812
I dunno, $20 st guadens have always been dirt cheap.

hell, most gold has traded for only a slight percentage above spot as long as I've been buying and selling coins. Since the mid 80's.

there's an enormous supply, and they never had great demand with collectors (too expensive) or bullion buyers (the collectible premium is a loss for them). They're also harder to sell than straight bullion because condition affects value.

I'm sure you're right about out of country coins coming back, but as I recall there was never a shortage of them on the market. Common dates have always traded for just above melt.

[Anonymous No.16980914]

>>16980812
is there a reason for this? any sources?

[The Devil !!y9pM1O7kKh0 No.16980929]

>>16980876
Take the transient pill and that will never be a problem.

[Anonymous No.16980962]

this thread wants me kms myself so hard.
i derisked some of my gold position the other day, and i got ripped off with a gigantic spread, whom i sold it too. i was too concerned about what to say in the conversation 48hours prior and didnt check the prices properly. god i hate beeing an autist. atleast he didnt call the police i guess, he probably tough i stole some relatives stack after escaping an mental health institution

[The Devil !!y9pM1O7kKh0 No.16980980]

>>16980962
It's not that hard to check..

[Anonymous No.16981259]

>>16980388
>Gold has more practical uses in the industrial sector than platinum
No, no it doesn't. Electronic uses, sure, but in the entire industrial sector? Nah. Platinum and palladium are both some of the best chemical catalysts for organic reactions (the kind that pharma uses) in the world. The only comparable ones are incredibly niche materials that cost significantly more than either to produce and procure.

[Anonymous No.16981607]

>>16980914
Too lazy to get sources and there are no real news articles on this matter. A lot of stacker youtubers and comments are saying that this is happening.

No real reason for it either. People in Europe are just selling them

[Anonymous No.16981625]

>>16981607
i think this is interesting and important because who holds gold for so long? it must be old money, which would be a huge sell signal

[Anonymous No.16981659]

>>16981625
Well most of them came 1-2 years ago when gold was stagnant. Not right now though. Definitely not a sell signal.

[Anonymous No.16982112]

>>16980424
That's why you must possess gold in multiple forms. I have gold in my possession, gold in the form of a financial instrument (PHYS), and allocated gold in a Swiss vault. Assuming the government confiscates gold (highly unlike because only a very small percentage of Americans hold any gold at all unlike in 1933), I will still keep at least 1/3 of my gold and it's likely that I'd be able to sell the financial instrument before a confiscation occurs, which would be complicated that Sprott would likely have its lawyers sue, creating a delay that would allow me to sell.

Beyond that, when gold was confiscated in 1933, the wealthy were tipped off that something like that was going to happen and a lot of gold coins were shipped out of the U.S. to Swiss vaults. If confiscation were to occur (again, I seriously doubt it would occur), there will be a tip-off that will allow people to protect themselves from getting screwed.