I bought gold at the top

What was gold in 2007 ?

exactly

In a deflationary spiral. Good job.

>What are the fx markets?

>2022 = $3000/oz

>Annualized gain 6.5% per year.
wow. like investing in a midwestern utility company. amazing.

tons of this shit sitting in rocks in the sky. who invests in a dying store of value lmao muh rocks

In his book "Wealth, War and Wisdom", Barton Biggs analyses equity markets behavior during the key events of World War II.

"Then in May 1942, just before the United States’ military fortunes in the Pacific improved, in the midst of the gloom and the bargains and at the point of maximum bearishness, the U.S. stock market made a bottom for the ages."
"In occupied Europe during World War II, all things considered, gold was the best asset to hide in, preserve wealth, and maintain some liquidity. Stocks, land, real estate, and businesses worked only if you had a very long-tern horizon. The black market was the most lucrative profession."
"It’s interesting how well the stock market performed after mid-October in spite of another avalanche of very bad war news (…) it must have sensed the rising odds of the United States being drawn into the war. Another example of the wisdom of markets. (…) The war news was consistently bad, but nevertheless stocks worked higher."
"(…) the U.S. stock market instinctively understood the significance of Midway, well before expert opinion or the conventional wisdom grasped its importance."
"(…) the bottom of a bear market by definition has to be the point of maximum bearishness, and from that point, the news doesn’t actually have to be good, it just has to be less bad than what has already been discounted in prices."

"In late 1939, however, well ahead of the Blitzkrieg stock prices began to anticipate the overwhelming victories of 1940."
"By 1940 and throughout 1941 the German economy was booming from military production. (…) The interesting insight is that by the late fall of 1941, the Berlin market was somehow sensing that Hitler’s luck, his infallibility were fading and that Germany’s military momentum had crested. (…) Did anyone know the tide had turned except the stock market? Certainly a few of the generals suspected."

>he looks at the paper price

Cool fud thread

It has its place as does stocks, dividends, elf's, crypto (eth link), art, antiques, land, property, cash and bonds are dead

Yeah, its all that actually matters and I hold I have no doubt far more gold than you both in physical and etf form as a modest hedge in a portfolio that is beyond your conception. Stop believing is shit from coin pumpers and dumpers and you will start making money. Gold has its place and you are doing it utterly wrong.

based
1oz of gold=1oz of gold

YOU SAID SILVER WAS ABOUT TO 100X

Attached: 1578049095652.png (1500x840, 371.82K)

no WAY im reading any of that

... and u believed?

Attached: download.gif (360x346, 170.14K)

Gold price 2000: $280/ounce

nogolders absolutely and irredeemably btfo'd

Buy gold royalties companies OP. Miners are a fuckin minefield.
Silver comes after gold

Silver will only do that if there is a surplus of gold and a shortage of silver. Also, if there was a new industrial application for silver - think a perfect storm. (Silver and Gold) It's not an investment!

Wong

there might be an industrial application of silver in a 3-5 years it'll be regarding teleportation.

Attached: kotttt.jpg (1280x720, 40.58K)

>Yeah, its all that actually matters

Why don’t you go check what the price of an oz of gold is on eBay and compare it to spot paper price. The spot price is determined by the trading of a paper derivative which is many multiples in greater supply than the finite physical metal. I’m sure I don’t need to explain to you the effect supply has on price. When you take away the scarcity of commodity when determining the price, it’s going to be completely miss-priced.

If you're not looking to hold for 2-3 years then gold really isn't the investment for you.
I am hyperbullish on gold, but look at the 08 charts. During the crisis, everyone wants to just get out of the markets, and everything (gold included) gets sold to YTD lows. This exact same thing happened earlier this year.
If you look at what happens after the liquidity crunch is over, gold then nearly tripled in value. But you have to be willing to have very steady hands during a very scary drop for your 'safe haven'.
Put it in a drawer, don't even think about it for 12 months, then go check price.

You assume we’re all American. It’s still pretty much an ATH in leafbux

>Put it in a drawer, don't even think about it for 12 months

But you can't play with it that way.

>Silver comes after gold
this

Attached: download (1).jpg (260x194, 9.46K)

What is this pepes name?

I know apu, groyper, honkler etc but this one is different

Then buy as much as possible in 2? sauce?