Gold is safe haven

Any of you zoomers even conscious in 08? I was but a young lad but study the events thoroughly. Everything took a bath back then, including PMs but they recovered faster than everything else. I grant you that maxies thought we were past all this given international demand. But gold always gets sold as positions get margin called and it always has some deference to the direction of the dollar as they trend together in peace time. APMEX hasn't budged on prices yet, most other exchanges will do the same unless things go further, I know this because I am going to buy more if prices go down. And as retail loses their ass and their jobs they'll sell too, silver is in the absolute dumps as far as retail is concerned but it doesn't make any difference to the price, it'll just track gold. Even with low industrial demand at a state of global war silver remains crucial, a single tomahawk cruise missile having 500 oz of non recoverable AG. You'll see stories about people selling everything and know these are people that aren't going to make it. BTC may have decoupled from NASDAQ but it remains to be seen, if so you all that rode that out have my absolute respect. Fleeing to safe havens hasn't yet occurred atleast on the American market, give it time. We are in only the third day of this, real estate didn't bottom out for three years in 08 to 11. Nothing is truly safe short term.

I was trying to point out how it's actually NOT a safe haven people pretend it to be. it goes down with everything else when things heat up enough.

bla bla bla gold did 3x in two decades, amazing! you know what else performed at least as well and better than gold? fucking anything. if you stacked toilet paper it would've performed close to gold.

Rich is relative based on everything else, gold perhaps can't really gain value just look, for lack of a better word, golden compared to everything else. Case in point in the Wiermar Germany everyone thought they were rich in the crack up boom, when things were at their worst one could supposedly buy a house for just 5 oz of gold. Gold didn't keep these people rich if they held but one got the chance to remain competitive in a completely irrational market, you could make a fortune with the right trade at the right time but at worst you cruise through the apocalypse in relative stability. If everyone treats it as a non yielding savings account and an occasionally suprising bag of tricks it makes sense for any tax bracket to have some quantity if they can afford to.

In that case I guess I'm still early

yeah just wait another 20 years, you'll be rich (another 3x).

gold is a material and technology always make materials cheaper. oh no no no

OP should screenshot this thread and look back on it in a couple of years to realize what a dumb monkey ape she is

years

not two weeks

come on

Retracing back to March 26 price is hardly capitulation.

it is, its called a mass liquidation, try buying some physical gold and see if the price is down

I thought people held physical gold so that during the Apocalypse they could trade it instead of their daughters for safe passage through slave gang territory.

What about copper?

apocalypse

"Yes sir I'd like to trade you one ounce of shiny rock for one crate of food/water/iodine/PPE/tools/gas/batteries/[literally anything else useful]

TEOTWAWKI will be like The Road

No

no the idea is that past the mad max scenario theyd trade it. during the mad max scenario theyd be retarded to show it off lol.

Hello SAR I'd like to trade this one ounce shiny-ACK

It's still higher than a month ago.

Based.

gold dumps 3%

cryptobaggies lose their minds

bitshit dumps 70%

it's normal bro

Biz convinced me to buy a stack of gold at $1500. I might buy more now

there was a time when I was obsessed with gold, at least I didn't go through the same thing that happened with watches, although it's weird that now the only thing I hold are things like buttcoin because I gave up, if I'm going to make money I want to laugh too

Textbook bull trap kek. Bow down to the Bitty

Zoom out, rock boy. You've had your shit completely pushed in. We have every right to mock the shit out of your antiquated mindset.

thank you donny to give another oppertunity to buy cheap

the "ultimate risk on asset"

dumps

It's more of a store of value for bad case scenarios, along with bullets, food, guns and booze.

That is ever going to happen

Well, it would have been good to have gold during German hyperinflation after WW1, so maybe.

zoom out, gold went from 2300usd to 3140 in a year and is now "down" to above 3100

Bitcorn is the new safe asset.