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/biz/ - Business & Finance

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Anonymous Thu Sep 28 00:17:03 2023 No.56216558 [Reply] [Original]

why is the gold price crashing?

>>	Anonymous Thu Sep 28 00:17:49 2023 No.56216566 >>56216558 It did the same in 2008 when the recission hit. People were liquidating Gold to raise capital. Afterwards it mooned

>>	Anonymous Thu Sep 28 00:23:00 2023 No.56216612 >>56216558 BIS is probably managing the price so the plebs get demoralized when they believe there’s no where to hide

>>	Anonymous Thu Sep 28 00:23:52 2023 No.56216615 >>56216558 Great Depression 2

>>	Anonymous Thu Sep 28 00:25:00 2023 No.56216633 Because it’s over. People offloading stacks to keep afloat. Manipulating price down so people don’t run to it as things shake out. I hope you enjoyed being rich faggots.

>>	Anonymous Thu Sep 28 00:25:03 2023 No.56216634 >>56216566 How did silver react?

>>	Anonymous Thu Sep 28 00:34:41 2023 No.56216713 >>56216566 My dick is so hard I am literally shaking

>>	Anonymous Thu Sep 28 00:52:30 2023 No.56216849 >>56216558 Because you touch yourself at night.

>>	Anonymous Thu Sep 28 01:06:43 2023 No.56216954 >>56216558 Is it? I need some to make a robe for me warlock.

>>	Anonymous Thu Sep 28 01:07:57 2023 No.56216963 >>56216634 It made a shitty thread on pol then got sent to /bant/

>>	Anonymous Thu Sep 28 01:08:31 2023 No.56216969 File: 9 KB, 194x259, 128974674.jpg [View same] [iqdb] [saucenao] [google] >>56216566

Anonymous Thu Sep 28 01:37:31 2023 No.56217200
File: 2.74 MB, 1920x1080, gold loli.webm [View same] [iqdb] [saucenao] [google]

>>56216558
>interest rates causing cash crunch
>liquidate assets for currency
>price drop
>eventual strain of higher rates causes weak businesses to fail
>economic death spiral.exe
>price of gold increases again as people seek to store wealth in the crisis
>repeat a decade later ad infinitum

>>	Anonymous Thu Sep 28 01:43:01 2023 No.56217242 >>56216558 the first batch of asteroid-mined gold just arrived late last night EST. just a small POC for now but it's got people spooked. operations will probably ramp up quickly

>>	Anonymous Thu Sep 28 01:44:17 2023 No.56217250 File: 887 KB, 2182x2245, P2110429.jpg [View same] [iqdb] [saucenao] [google] >>56216633 >People offloading stacks to keep afloat I might actually have to sell some gold to afford my property taxes this year. I can't fucking believe it.

>>	Anonymous Thu Sep 28 01:44:44 2023 No.56217256 >>56216634 Similar

>>	Anonymous Thu Sep 28 01:49:21 2023 No.56217293 >>56217250 >anon doesn't have 5K monopoly money on hand Dude, you're too heavily invested in whatever you have your cash locked up in.

Anonymous Thu Sep 28 03:58:21 2023 No.56217962
File: 1.95 MB, 3699x2056, 20230512_215037.jpg [View same] [iqdb] [saucenao] [google]

>>56216558
I honestly don't know what to do if the price skyrockets. I'm 23 and not super duper interested in buying a house just yet. Part of me thinks I would just invest in defense companies and oil. Nobody ever went broke selling weapons and oil is what drives wars. Makes me sick to think I grew up to be a Ferengi.

>>	Anonymous Thu Sep 28 03:59:00 2023 No.56217970 >>56216558 Because I want more

>>	Anonymous Thu Sep 28 05:22:17 2023 No.56218353 >>56216566 Buy now or wait a little longer?

>>	Anonymous Thu Sep 28 05:35:43 2023 No.56218411 >>56218353 I'm buying now lol. Just put $6k into more Roosters and Helvetias. Gonna get a monster box too once I can get wire with my bank sorted. I have no idea when this is going to go to shit and I'm not waiting with my pants down.

>>	Anonymous Thu Sep 28 10:04:57 2023 No.56219621 File: 106 KB, 500x750, Rock Hard.jpg [View same] [iqdb] [saucenao] [google] >>56216566 >It did the same in 2008 when the recission hit. People were liquidating Gold to raise capital. >Afterwards it mooned

>>	Anonymous Thu Sep 28 10:51:10 2023 No.56219839 >>56216566 The only question remains, will it collapse hard enough to be unrecoverable this time? Will we finally have another great depression tier event? Gos I hope so.

>>	Anonymous Thu Sep 28 15:21:27 2023 No.56221898 >>56216634 Who cares.

>>	Anonymous Thu Sep 28 15:37:11 2023 No.56222066 buy the dip

>>	Anonymous Thu Sep 28 15:38:16 2023 No.56222075 >>56216558 So that you can buy more before the rocket takes off

>>	Anonymous Thu Sep 28 16:14:55 2023 No.56222503 Boomer rocks not needed. Only use is for women/Jews and Indians to adorn themselves

>>	Anonymous Thu Sep 28 16:35:20 2023 No.56222731 >>56217962 incredibly based and latinum-pilled

>>	Anonymous Thu Sep 28 19:58:04 2023 No.56224829 >>56222503 1/5 of the earth's population is indians

>>	Anonymous Thu Sep 28 20:46:03 2023 No.56225365 >>56222503 Women give you sex. Jews give you money. Indians give you cheap products. What is wrong here?

>>	Anonymous Thu Sep 28 22:40:18 2023 No.56226342 its gonna dip as interest rates rise but then it will take the fuck off. 1750-1800 is the new bottom

>>	Anonymous Thu Sep 28 22:42:24 2023 No.56226359 what happens when gold moons, where do you even cash out lol

>>	Anonymous Thu Sep 28 22:43:33 2023 No.56226367 File: 947 KB, 498x206, transformers-optimus-prime.gif [View same] [iqdb] [saucenao] [google] >>56226359

>>	Anonymous Thu Sep 28 22:45:03 2023 No.56226381 >>56226359 You don't. Goldbugs are retards and the "investment" itself hasn't been good since 1975.

>>	Anonymous Thu Sep 28 22:48:36 2023 No.56226410 >>56226359 >cash out

>>	Anonymous Thu Sep 28 22:52:59 2023 No.56226441 File: 54 KB, 1024x577, IMG_3034.jpg [View same] [iqdb] [saucenao] [google] >>56216633 >>56221898 >>56222503 >>56226381 Bullish

>>	Anonymous Thu Sep 28 22:54:52 2023 No.56226457 >>56226359 >>56226381 Why would I trade gold for paper money? Are you retarded?

Anonymous Thu Sep 28 22:55:28 2023 No.56226461
File: 207 KB, 446x257, 1695941720181.png [View same] [iqdb] [saucenao] [google]

>>56226441
>He thinks he'll even get the spot price
Have you ever tried selling gold? You're taking a 20% haircut under spot just trying to get real money for your boomer rocks.

>>	Anonymous Thu Sep 28 22:56:53 2023 No.56226469 File: 9 KB, 273x279, Untitled.png [View same] [iqdb] [saucenao] [google] >>56216566 fuck me

Anonymous Thu Sep 28 22:59:16 2023 No.56226497

>>56226461
>Have you ever tried selling gold?
Yes
>You're taking a 20% haircut under spot
Wrong
>just trying to get real money
Paper currency is not real money
>for your boomer rocks.
Wrong on three counts, kike.
1. Boomers don't hold gold, because they believe in fiat currency.
2. Gold has been used since the dawn of human history.
3. Gold is not a rock, you illiterate faggot its a mineral. Jesus Christ

>>	Anonymous Fri Sep 29 01:09:00 2023 No.56227502 >>56216566 It's best to sell Gold for crypto right now, especially for projects like LEOX and NXRA that are working on tokenizing real world asset

>>	Anonymous Fri Sep 29 01:51:43 2023 No.56227790 >>56216558 So I can buy more.

>>	Anonymous Fri Sep 29 01:52:35 2023 No.56227800 >>56216558 because gold is not digital and people are dumping shiny rocks because it's not money anymore

>>	Anonymous Fri Sep 29 02:02:04 2023 No.56227862 >>56227502 RWA will be the biggest narrative in the next bull market

>>	Anonymous Fri Sep 29 02:09:43 2023 No.56227932 >>56227502 >>56227862 At least buy an ad like the TITS guy did with some visual appeal. No one is gonna buy your jeet coins with poppycock rhetoric like that.

>>	Anonymous Fri Sep 29 02:15:33 2023 No.56227971 >>56227502 >>56227862 >>56227932 poojeet, please

>>	Anonymous Fri Sep 29 02:15:57 2023 No.56227975 They sell gold bars at cosco now, gold is a fucking retarded investment unless youre a fucking pirate in the 1600s or some shit, get a fucking life.

>>	Anonymous Fri Sep 29 02:16:50 2023 No.56227982 >>56226461 You're a brainlet. You'll always get spot if you sell gold or silver. I've done it numerous times to various bullion dealers. You can even get over spot when selling American Eagles

>>	Anonymous Fri Sep 29 02:50:19 2023 No.56228214 >>56226461 I sold a maple yesterday for spot at my LCS with zero haggling so i know you are a full of shit fudder.

>>	Anonymous Fri Sep 29 03:53:07 2023 No.56228571 Gold is going to 10K by 2030. Big facts

>>	Anonymous Fri Sep 29 12:01:51 2023 No.56230480 Why does gold dump but housing doesn't dump riddle me that?

>>	Anonymous Fri Sep 29 12:03:15 2023 No.56230487 >>56230480 Because gold is a worthless rock. Housing is a usable good that has a bunch of different factors that determine value.

Anonymous Fri Sep 29 12:04:25 2023 No.56230494
File: 134 KB, 922x1024, IMG_4030.jpg [View same] [iqdb] [saucenao] [google]

>>56216558
Market crashes are deflationary, shrinking the prices of stocks and commodities as the dollar gets stronger and can buy more. After a deflationary crash, Fed money printer goes brrrrrrrrr and asset prices re-inflate to reduce the value of existing debt.

Anonymous Fri Sep 29 12:09:09 2023 No.56230523

>>56230480
The housing market is in a massive bubble that governments and owners don't want to burst. It's being kept inflated with mass immigration, bailout money and unrealized loses yet to mature. Before the residential bubble bursts, it will be the retail real estate that will burst first. You also can't bullshit housing numbers with derivatives like you can with gold.

>>	Anonymous Fri Sep 29 12:16:06 2023 No.56230569 >>56216558 The amount of people that don't understand Econ 101 on this board. Rates go up = stronger USD = lower gold prices. Y'all are stupid, that's why you're poor and gay.

>>	Anonymous Fri Sep 29 12:20:03 2023 No.56230586 File: 249 KB, 2020x1460, Gold Derivatives Disclosed.jpg [View same] [iqdb] [saucenao] [google] >>56230569 That's only half the story and you know it.

>>	Anonymous Fri Sep 29 12:20:09 2023 No.56230589 File: 168 KB, 375x375, MFW No One Accepts Silver.gif [View same] [iqdb] [saucenao] [google] >>56216634 >silver Who?

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