Why is gold doing so shitty?

Gold should be higher as dollar might be strong RELATIVE to other currencies now, but its buying power has seriously eroded and it will erode further no doubt. The libs and this stupid Admin. and other spokesholes cannot understand printing money = inflation!
 
TimtheEnchanter said:
Gold should be higher as dollar might be strong RELATIVE to other currencies now, but its buying power has seriously eroded and it will erode further no doubt. The libs and this stupid Admin. and other spokesholes cannot understand printing money = inflation!
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What do you think tRumpAzz was doing when he was in office, 2 stimmies, useless tariffs on China driving up cost of imports, nonsense border wall and idiotic Space Force. Got the idea, for the last one, from Mel Brooks no doubt.
 
MrMuppet said:
First of all, have you ever realized how much money there is out there and how little gold?
If e.g. China invested their 2021 trade surplus into the annual gold production of every country there is, they'd still be left with 70% cash while completely cornering the gold market.

In addition, they would have to ship it to China where it needs to be stored. If they wanted to pay with it, they'd have to ship it again. It's totally impractical and unrealistic that we ever go back to a gold standard.

I mean for this exact reason, the gold standard has been dropped. There isn't enough gold and there are better ways to spend trade surplus than into physical metal.
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I dunno MrMuppet, while you have convinced me that no country is ever going back to the gold standard, everything else you said to me indicates to much printed currency and not enough gold, hence a good long-term prognoses for gold, at least vis-a-vis the printed currency. But I completely follow what you are saying, much thanks.
 
SunTrader said:
What do you think tRumpAzz was doing when he was in office, 2 stimmies, useless tariffs on China driving up cost of imports, nonsense border wall and idiotic Space Force. Got the idea, for the last one, from Mel Brooks no doubt.
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Every time the idiot in the white house shines with dumbass comments (boy, this new spokeshole is one stupid bitch) the moron libs bring up Trump! I never said Trump was a fiscal conservative! But we had a crisis of Covid!
Both parties in the House and Senate are guilty of spending your kids and grandkids wealth. I am 65 so I do not give a fuck, but Senile Biden denies it all. Do not bring up Trump, Obama or Bush! The spinsters left loves distraction and blame others. Never accept the blame for fucking up. Nobody has fucked the US as bad as this senile old biden. If he was a mortician people would not die.
 
How much is BTC worth in gold, or vice versa, without equating it to the USD?

Can anyone answer this question?

I did not think so.

 
SoyUnPerdedor said:
I dunno MrMuppet, while you have convinced me that no country is ever going back to the gold standard, everything else you said to me indicates to much printed currency and not enough gold, hence a good long-term prognoses for gold, at least vis-a-vis the printed currency. But I completely follow what you are saying, much thanks.
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thing is, in order for the gold price to go up, someone has to buy it...and I don't mean retail. It has not happened so far although we've seen basically perfect conditions for gold: Inflation, war and a global pandemic. If that doesn't boost gold, I don't know what will
 
TimtheEnchanter said:
Every time the idiot in the white house shines with dumbass comments ...
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Yea Biden is "the dumbest" ... until the next dumbass. Then that person will be the dumbest .... until the next dumbass until .... Except no one IMO will ever top "a very stable genius" tRump.
 
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