you only had to listen
Gold
Ryder Hughes
Logan Turner
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.
Robert Ward
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.
Joshua Barnes
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.
Luis Edwards
TOILET PAPER IS THE NEW GOLD
Brody Sullivan
>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.
Dylan Hill
>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.
Lucas Richardson
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.