Correct. Gold (and especially silver) are lagging because they are boring right now. History shows this state will not last. Lots of people have gotten rich buying assets when they appeared more boring than dirt.
Why is gold doing so shitty?
- Thread starter SoyUnGanador
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Correct. Gold (and especially silver) are lagging because they are boring right now. History shows this state will not last. Lots of people have gotten rich buying assets when they appeared more boring than dirt.
Gold has never been a hedge against inflation. Inflation adjusted it is a money killing asset.
Compared to the good old days the physical market is massively regulated, you have to register when buying above x CHF or €, you have to pay for delivery and for storage, it's just a massive pain in the ass to deal with.
Trade gold futures if you find edge but don't invest for the long term. It'll just kill your account
Compared to the good old days the physical market is massively regulated, you have to register when buying above x CHF or €, you have to pay for delivery and for storage, it's just a massive pain in the ass to deal with.
Trade gold futures if you find edge but don't invest for the long term. It'll just kill your account
Silver has been a pretty good inflation hedge. It's volatile, of course. But the holding costs are zero for 99.9% of us.
church. dollar is crazy look at chart
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Physical silver is a no-go here in the EU. Opposed to gold, it has an actual industrial use case thus we pay VAT on silver purchases.
Forget metals, dude. They are for big boys and fanatics. The days of the be all end all store of value of gold and silver are long gone, especially now since no central bank with a little bit of sanity will ever count on gold reserves
I suspect crypto dropped because the marginal buyer (not the diehard will never sell my crypto types) got margin called and sold because they needed cash. They did not have any money left to buy gold (and even if they did, they likely would have bought something else anyway). Saw this happen in March 2020.
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A crackhead and thief has crashed in the desert.
Crackhead found 10 kilos of gold while thief - 10 litres of water.
After a while, the crackhead got thirsty.
Man is asking, how much for 1 litre of water ?
Thief replies - 10 kilos of gold.
- Are you mad ?!
- Well, if you don't like the price, take a walk, maybe you will find it cheaper.
who says crypto is a hedge against anything?! The prices are collapsing. Last place I’d put any money.
Damn. Talk about the height of ignorance…