Why is gold doing so shitty?

SunTrader said:
Why do you post a chart starting from 1971 when you've mentioned your position was initiated in 2007? What's the point of that?
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I think it's a good chart for showing historic bull and bear markets.

The trouble is:
  1. There's no guarantee that gold will ever again have a roaring bull market like it did in the 2000s and especially the 1970s
  2. Even if it does, there's no telling how many years from now that could be. (There was 20 years between the 1970s and 2000s bull markets.)
 
MrMuppet said:
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
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Actually, gold is a pretty good inflation hedge. The problem is gold is quoted in U.S. dollars, and few consider the entire picture. For instance, below 20-year chart of gold in Yen:
gold_20_year_o_x_jpy.png


But even long-term in U.S. dollars:

upload_2022-5-29_5-22-6.png


And likely the chart of gold in terms of Turkish Lira, for instance, would be wildly bullish -- and a good inflation hedge.
 

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Q.E.D. said:
Actually, gold is a pretty good inflation hedge. The problem is gold is quoted in U.S. dollars, and few consider the entire picture. For instance, below 20-year chart of gold in Yen:
gold_20_year_o_x_jpy.png


But even long-term in U.S. dollars:

View attachment 285738

And likely the chart of gold in terms of Turkish Lira, for instance, would be wildly bullish -- and a good inflation hedge.
More...
Why buy gold? Just buy dollars then
 
I'm currently debating how long to continue holding the silver investments I bought a few years ago. I did think the current inflationary environment might ignite precious metals but at the moment it only seems to be boosting other commodities and energy.

If things carry on as they are much longer, there must be a strong possibility of gold slipping back into the secular bear market which began back in 2011. Perhaps the chart someone posted earlier will turn out to be prophetic, with 10-year bull markets (1970s, 2000s) followed by 20-year bear markets (1980-90s, 2010-20s).

Maybe I'll give it to the end of the year to see if the bull/bear conundrum resolves itself one way or the other.
 
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