Gold is crashing

  • Thread starter Thread starter Kirsten Minnaar
  • Start date Start date
In reality people realized that what can you actually do with it?
People are like the world goes to hell, at least I've got gold? Sure but at the end of the day gold isn't food, water or clothing. People will end up with a barter system before gold
 
Lupus said:
In reality people realized that what can you actually do with it?
People are like the world goes to hell, at least I've got gold? Sure but at the end of the day gold isn't food, water or clothing. People will end up with a barter system before gold
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Gold’s real benefit in such a scenario would be as a store of wealth, allowing you to preserve value until some level of stability returns.
 
Lupus said:
In reality people realized that what can you actually do with it?
People are like the world goes to hell, at least I've got gold? Sure but at the end of the day gold isn't food, water or clothing. People will end up with a barter system before gold
Click to expand...
Neither is fiat money.
 
Lupus said:
In reality people realized that what can you actually do with it?
People are like the world goes to hell, at least I've got gold? Sure but at the end of the day gold isn't food, water or clothing. People will end up with a barter system before gold
Click to expand...
It's a means to barter with. Have you never played an RPG? Or we could also argue that currency is just paper.

This whole thing has more to do with the dollar than gold. Whenever there's uncertainty there, the dollar gets stronger due to being the reserve currency, which is the opposite of what happens in literally every other country. It's a massive conflict, they effectively make their problems everyone else's problem...
 
Velskoen said:
I do. And am sitting very comfortably as a result.
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ja because in the last year or two it's done well. But the 10 years prior it fell to pieces... and you will never get any dividends so it's an odd purchase. Gold crashed 80% from 2011 to 2015.. Gold on average is around 8% per year growth over 50 years give or take.
 
I have 15 x 1 ounce Kruger Rands that I found in my father's safe after he passed away. I'm not sure if I will ever do anything with them.

Just hide them for now.
 
W@P said:
I have 15 x 1 ounce Kruger Rands that I found in my father's safe after he passed away. I'm not sure if I will ever do anything with them.

Just hide them for now.
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Keep them. The rollercoaster isn't over yet.
 
Wrath of Khan MD said:
ja because in the last year or two it's done well. But the 10 years prior it fell to pieces... and you will never get any dividends so it's an odd purchase. Gold crashed 80% from 2011 to 2015.. Gold on average is around 8% per year growth over 50 years give or take.
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Since the creation of the Federal Reserve in 1912, the USD has lost around 98% of its purchasing power. An ounce of gold today buys almost the same products it did 100 years ago. In 1970 gold was USD36.02/ounce, a decade later, in 1980 it was USD615/ounce.

As the world "dedollarises" as a result of the weaponisation of the USD against Russia, gold will continue to rise. Bullion buying by central banks is experiencing almost unknown growth. Gold is limited supply, it cannot be printed at will. As the global economic cardhouse wobbles, the appetite for a safe store of wealth increases. Take a look at the share selling spree Warren Buffet is on. It tells you all you need to know about equities.

Gold is not a growth investment, rather a safe haven of wealth preservation.

IMG_0117.jpeg
 
BBSA said:
Gold’s real benefit in such a scenario would be as a store of wealth, allowing you to preserve value until some level of stability returns.
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Really? How does gold taste or feel to wear? It's only value is that it is pretty and perceived value is what it has.
 
Wrath of Khan MD said:
ja because in the last year or two it's done well. But the 10 years prior it fell to pieces... and you will never get any dividends so it's an odd purchase. Gold crashed 80% from 2011 to 2015.. Gold on average is around 8% per year growth over 50 years give or take.
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Sorry, but where?

I agree its not the best place to put money for growth, but over time it hasnt "fallen to pieces at any point"

1731762110293.png
 
Mike Hoxbig said:
It's a means to barter with. Have you never played an RPG? Or we could also argue that currency is just paper.

This whole thing has more to do with the dollar than gold. Whenever there's uncertainty there, the dollar gets stronger due to being the reserve currency, which is the opposite of what happens in literally every other country. It's a massive conflict, they effectively make their problems everyone else's problem...
Click to expand...
For what real value? Oh look I've got a ton of gold, but my next door neighbors have water and food. Let me go give them my gold for it.
Gold is a social construct of value
www.investopedia.com

Why Has Gold Always Been Valuable?

Gold has an allure and a high price tag, but some would say it has no real intrinsic value. So why do we consider gold to be so precious?
www.investopedia.com www.investopedia.com
In reality it's about as valuable as an iPhone 15 without power and cell towers
 
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