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/biz/ - Business & Finance

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52216596 No.52216596 [Reply] [Original]

Gold is crashing

>> No.52216601

>inflation hedge
more like
>>>/toy/

>> No.52216616

>>52216596
no it's not, not in my currency.

>>52216601
strong dollar means gold is down, it's actually a perfect illustration of its function. we all know it's a charade, for the time being, of a strong dollar.

>> No.52216622

>>52216616
how low is gold going to go? I cant take this anymore

>> No.52216624
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52216624

>>52216616
strong dollar means BTC is down, it's actually a perfect illustration of its function. we all know it's a charade, for the time being, of a strong dollar.

>> No.52216644
File: 257 KB, 1564x9824, XAUBTC gigachart.png [View same] [iqdb] [saucenao] [google]
52216644

>>52216601
more like:
>>>/jewd/
as in they fell for jewish propaganda

>> No.52216660

>>52216622
patience, my fren. look at what central banks are accumulating.

>>52216624
yea except BTC dipped way before, like
a year before the strong dollar, whereas gold tracked exactly the moment the dollar gained strength on other currencies.

>> No.52216675

>>52216660
Markets are not hyper-efficient or simple mechanisms or purely backward-looking endeavors. You have no actual grounds to assume that BTC dropping last year wasn't in anticipation of a strong dollar. More doodoopoopoo opinions based on nothing but memes.

>> No.52216690

>>52216675
>You have no actual grounds to assume that BTC dropping last year wasn't in anticipation of a strong dollar.
Yea, i do. it dropped along with the stock market in a general implosion of the markets. Bitcoin has tracked risky, volatile tech stocks for a while now, and tracked them down.

Gold behaves nothing like this.

>> No.52216981

Welp, I feel like a chump for buying gold at its peak in 2020

>> No.52217084

Bros I've lost so much money on gold miners its insane. Truck-kun needs to help me out.

>> No.52217168
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52217168

>>52216616
The truth is the dollar hasn't been strong ever since it went off the gold standard. The rest is just smoke and mirrors to create an illusion, which is soon coming to an end no matter what the Fed does.

>> No.52217619

My ID is gold and it says Gay

>> No.52217674

>>52216596
BUY BUY BUY

>> No.52218434

where can i buy gold in EU?

>> No.52218520

>>52217674
No

>> No.52218573
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52218573

>>52218434
Lots of places. Basically every city has a coin shop, and several in the bigger cities. Also you can order online, check the pastebin on /pmg/ for a small list of sites.

>> No.52218633

Just a few years ago I bought a gold sovereign for less than $300. I hope I can do that again soon.

>> No.52218656

>>52216596
Who would buy gold when Fed is raising interest rates

>> No.52219049

>>52216596
based. looking to get another 3 oz gold and 5 oz platinum before this spring's rally. hope it dumps more

>> No.52219057

>>52218656
those of us preparing for the post-petrodollar world

>> No.52219139
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52219139

>>52216596
>ID gay
>muh gold
go back to your containment thread

>> No.52220930
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52220930

>>52217619