Gold

>People are selling part of their gold stores to get some short-term liquidity to help them through the crisis. It's not hard to figure out.
>What's hard is know when to buy. I think everything is in a bull trap now so wait a little longer before you buy.
Yup. Forced sale of paper gold to generate liquidity and/or meet margin calls.

Because you can't wipe your ass with a shiny rock. Gold is only useful in the sense that you could cast bullets with it, I guess.

(((why))) indeed
>what is paper gold?

Companies are selling paper gold to gain liquidity and cash.

Don't worry, gold always drops first as paper gold is sold off for liquidity, then rebounds.

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It's deals on gold made before the crisis falling through due to crisis. Now you know

same reason why silver isn't making any sense either, jew manipulation.

Crypto also tanking. We’ve all been asking for total apocalypse for years and you’re questioning it? This is it bros get fucking hype. Man the tendies

Toilet paper is now worth more than gold.

It always tanks with the market until the paradigm changes from party to safety. Market dropping isn’t enough for people to think the party’s over. Remember majority of fund managers are rich hubristic liberals who don’t believe the party could ever end.

You can't eat gold.

Every bubble is exploding, that includes gold.

zerohedge.com/markets/gold-pukes-below-1600-massive-volume-wti-tests-30

Everything is selling off. The gold price is being crushed cuz they sell off through the fucking paper markets. No real physical gold is being traded there, right?

Cant be more wrong. People want cash but not because its more stable, but because they want to buy shares when the market bottoms out. People and businesses desperately need liquidity at the moment as well.

Correct. Physical gold sales of note involve armored cars, vaults, etc. 99.9% is paper.

This.

>people and businesses desperately want liquidity
they're not going to get it

because of artificially low rates from the fed, literally EVERYTHING is overpriced.

Because gold is the boomer equivalent of bitcoin

I just bought FAZ. Might as well short financials

Retarded fucking nigger detected. I will sell food, seeds, ammo, chickens, chicken eggs, for gold or silver or ammo. I will trade or barter. But gold and silver have always been money. They will always be money.

I forgot about zero hedge after their twitter ban. Miss them

This.

Paper gold is faggotry. Physical gold is always safe. When the jew market is just memory in the minds of post apocalyptic world gold will still be the currency of trade.

Jesus, bro. Gold and silver have been money forever. Not just for boomers. Boomers let nixon uncouple. The generations before boomers allowed FDR to take their PMs and they allowed Wilson to give our money printing over to the kikes. Gold and silver will always be money. Silver is really cool. It can move through ice very quickly. Fun to make little ice sculptures with silver coins.

>Gold is still $1500 an ounce.
>Tanking

When gold hits like $30 an ounce and poor people can buy some. Then we're dealing with real news.

>gold and silver have always been money.
Not true at all
>They will always be money.
wrong again

chinks not buying gold. duh.

It's not that people are selling their gold. China was the top buyer of gold for the past decade, now they have stopped purchasing completely. There aren't enough panic buyers in the world to match what China was buying.

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cuz smart niggas know that cash has optionality.

(((steve cohen capital))) aka point72 capital sent all its traders home after some chink wentwuhan-choo. liquidity providers walking away

Deflation then hyperinflation

fuck off libertardian.

Everyone has to sell everything to cover the margin calls

This. Gold is currently still outperforming the market. So is silver. These will start to shoot up the moment more liquidity is added or political sphere occurs,

Ok, groomer.

goingtomakeit.png

>Boomers allowed nixon
>boomers allowed FDR
>they allowed wilson

Idontthinkyouknowwhatthatwordmeans.png

Gold usually goes down when the market crash, but shoots up after the market bottoms out and the government starts QE.

When they announce another QE/stimulus or confiscate bank accounts (if it really is an end of the world situation), gold will break all time highs.

This, it's the paper gold getting dumped before it's worthless.

>Seeing population locked down in China
>Seeing Iran locked down
>Seeing Italy locked down
>Trading commodities and thinking about buying gold
>Does the math that there is enough supply for 1 week in McMansion
>2 weeks of coffee at best
No gold gets bought and true horror of what is coming is finally thought of.

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>why is gold tanking too?
Because your lump of shiny doesn't really hold any intrinsic value either.

Have you ever heard of a lil' concept called ''deflation"? Well, that.

And why do think China was buying all that gold?
I bet thier currency keeps its buying power after thie episode.

See during the 2008 crash gold went down then hit huge highs.

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that's what happens with deflation

people are so scared they just want their money fuck everything else. Excellent time to buy - I have been loading the boat all morning.

Deflation is happening

did you really just use "ok, groomer" as a general insult completely out of the context in which is generates so much power?
You are a stupid subhuman brainlet and deserve to die. I want you to know that I hate you for how stupid you are.

You can't EAT GOLD, when you are weak in bed shitting yourself, you want to eat some soup and hàve toilet paper

you only had to listen

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Probably becaue a lot of people just realised the gold futures they are holding are worthless. it will drop as some try to sell the paper but will stabilise and real gold will go up in value. the two must uncouple at some point.

possible, but the amount of cash burn they are going thru to try to prop up their own businesses is eating into their gold reserve by now.

It's like if you lost all your money at the casino so you sell your wedding ring so you can pay for rent and food.

TOILET PAPER IS THE NEW GOLD

>why is gold tanking too?

Because most "gold" people own are really just digital promises. Physical metal is the only thing that will matter when the jig is up, and even that is questionable in the months ahead.

>But gold and silver have always been money. They will always be money.
In any real crisis people pay gold coins and teeth for a loaf of bread. Gold may not be valueless but close to it. People giving you toilet paper and a chocolate bar for your gold are still betting that it will eventually be worth something when stability comes back.

rather than buying the actual physical metal some idiots bought into the "idea of gold." that is to say that they actually bought a piece of paper that is "connected" to a stockpile of gold that they've never seen and may not actually exist.