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/biz/ - Business & Finance

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3965473 No.3965473 [Reply] [Original]

Why is gold so overpriced? A little piece of gold costs 24000₹ . It is ludicrous. Feels like a bubble

>> No.3965484

Cause energy is fucking expensive anon and gold takes a shit ton of energy.

Actually between gold and silver silver is the better buy due to it being used for electronics and not recycled nearly as much. Asteroid mining when it takes off in the 2020s is gonna wreck the gold platinum etc markets as they'll be profitable to mine but silver wont at least not for a long time. Among other reasons

>> No.3965498

>>3965473
the all time high was like 20 times it's intrinsic value so yeah...

>> No.3965548

Its shiny and a timeless commodity to fondle with unlike boobs

>> No.3965635

>>3965473
You know what's more ridiculous? How many dollars the federal reserve printed and devalued its purchasing price.

>> No.3965701

PAJEEEET

>> No.3965706

>>3965635
>muh fiat
yeah this line of reasoning makes sense until you realize that the only people that lose out in this model are people in countries with low ranking gdp, the fed could create runaway inflation and it would find it's way to them first.

>> No.3965763

>>3965473
> Drops for 4 years straight -40% since ATH

> then does not budge an inch for 2 years

> everything else including OP's mom's used nickers skyrockets

> gold feels like a bubble

The absolute state of /biz