It's official, normies are entering the gold market
(media.scored.co)
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As predicted, average investors start jumping in the gold trade long after the upswing and the current weakness in the bond market.
This confirms Peter Schiff's long held thesis.
can you remind me what peter schiff said just to be on the same page? - he says a lot of stuff.
so -- either the gold bull run is gonna take a pause, or there's going to be a rugpull after more normies get in? looks highly likely this happens if they keep buying into paper gold like the OP in the pic
doesnt matter to me. still stacking silver and have some liquidity to buy up or short against the crowd depending on what happens over the next several months
He predicted we were headed to a time when bonds would get killed even during recession and gold comes out the winner.
Trump apparently wanted rates on US treasuries to go down by causing a market decline before refinancing the national debt. Instead bonds sold off as stocks went down. That's the opposite of what he wanted or what most people predicted would happen.
Silver is a better deal than gold right now, but likely both will stay strong this year IMHO. But who knows for sure. Gold silver ration is in silver's favor at least.
ah ok. yeah, then that prediction i agree with. it has been mentioned by others as well for years.
and that's right. that bonds and the stock market did not move inversely with each other is a giant red flag this could be the big one (or very close to it - i'm sure the fed will come up with ways to prolong it)
if the fed or institutions still have some kind of grip over the markets; they haven't "lost control" of the situation. i expect a suite of "emergency measures" to buy up either the bond market or the stock market to maintain stability
yeah, i'm always trying to avoid the crowd. i already have some gold & silver from years ago. but stacking silver is the play while all eyes are on gold. you're right about the G/S ratio -- also why i'm going to continue aggressively buying physical silver. that gap is going to narrow nicely at some point
I don't necessarily think it will be "the big one" either, that is to say a hyperinflationary collapse or something that severe. I don't know for sure either way.
What I am betting on, is with retail investors loving gold again that the gold mining stocks have their day in their sun. So does silver, and likely some of the other metals. I believe the bubble momentum will wind up there before depression really sets into the market overall with gold remaining fairly elevated even once it pulls back.
a) Ones consent to any suggestion by another implies a contract of bondage, made by buying (consent) and selling (suggestion) of livestock on a market aka staking ones life.
b) Current (inception towards death) inspires strength (living) to resist the temptation of weakness (dying). Falling for a temptation weakens ones resisting strength.
A bit late
[Termiator-WereNotMakingIt.jpg]
One (life) cannot escape the fall (inception towards death)...holding onto suggested currency only tempts one to ignore perceivable current.
Gold/ghel - "to shine"...light casts rays; each ray casts shadows upon one another.
Holding onto a shadow represents a phantasm (suggested information), which tempts one to ignore the brightness of actuality (perceivable inspiration). As nature shines; each being within dims...unless resisting temptations.
a) Buying into a market sells self out as "life-stock" to a merchant.
b) Not/nothing/nihilo implies that one bought into de-nial of perceivable, after selling self out to suggested nihil-ism.
Few sell "nothing" to tempt many to buy into a sellout of self... https://www.youtube.com/watch?v=EQnaRtNMGMI
This premise of this post is so retarded it gave my eyeballs cancer.
I'd say it is rather significant for those of us who bought when it was unpopular.
I loaded up on gold stocks last year, so I will hold on as normies inflate another bubble.
They won't/don't.bubbble inflating is done by the big guys... Buy bonds while they are unpopular.
Golds over.
It will sell of hard once it's ready too.. it always does.
You will be made poor and gay by your greed.
Wow prices go up and down, what a revelation. And telling me to buy bonds is hilarious. If bond yields are able to keep up with gold (and inflation) the economy tanks, so they won't allow that and thus they won't be very attractive relative to gold. Only the fed will be buying to suppress the interest rate.
Thanks for showing your iq. Now I know I can disregard any other arguments. "Buy bonds or you're gay". Yeah I'm convinced now.
Not just gay, but poor and gay...
I'm glad you understand the implications. 👌 (Because you obv don't understand bonds)
Well thanks for proving you're opinion doesn't matter. Later shill
Nobody shills bonds.. There's no incentive to shill bonds... Nobody will ever say "buy bonds".. bonds don't generate a commission for anyone.
Very very gay 🧐
Hay, all the commodities are down, other PMs are flat, miners are behind after a decade of flatness, gold is up...
Either gold is right and everything is wrong, or everything else is right and gold will spike down hard.
And it will be the later, and you will be made gay from it. And you'll say to yourself as we enter some horrible lost decade+, "shit, I wish I had sold that gold and locked in some bonds, because nothing is going up anymore" as you continue to baghold and rates go to zero, and the IRS collects your wealth to pay me.
So enjoy that, chump.
Anyway, if you'd bothered to think for half a minute, my point is that we can take profits as the normies push prices higher. Hence why it is significant to long term holders.
No where did I say buy into the euphoria.
If normies entering the market is your buy signal that's completely on you. I'm just reporting it, and there is no financial sub.
Normies are lagging one lap behind. I'm thinking about selling all my gold and buying BTC.
Yeah really ahead of the curve buying after BTC has already gone to $100k and now $80k. You donkey.
Lol It's called buying the dip - you don't buy the high points, you goober. Do you think it won't go up anymore? Wanna bet?
Buying the dip of an asset that went from literally nothing to an absurd valuation all while having 0 intrinsic value is insane. I'm only betting on cycles with long established patterns. Or profitable businesses that have depressed P/E ratios for some transient / emotional reason.
Wait till you hear about stonks. The technology and the concept always had value but it took time to realize its potential. And now that it has turned into the biggest decentralized network limited supply currency, its value grew exponentially. I don't get the "0 intrinsic value" argument. What's the intrinsic value of the dollar or any other fiat monopoly-paper physical currency? That I can wipe my ass with it if nature catches me unprepared?
There are cycles and patterns in BTC. It has upturns followed by downturns with a steady green trend.
Stocks being shares in real businesses do have real value.
Bitcoin has no floor or ceiling. Highly speculative and based on public sentiment which could drop it tomorrow for a new shiny object. It's valuation grew, not any value.
Your prediction is based on what exactly? There's no precedent in history. At this point BTC has become too big to fail imo although stranger things have happened and we live in very uncertain times where the entire financial system may crash. I regarded it with suspicion for many years and thought it will burst "any time now" but I was proven wrong. It's volatility subsides the more it is adopted and there are entire countries using it now. The difference with gold is BTC will become more scarce and thus more valuable and eventually only few hundred thousand people in the world will own it and it's going to be worth millions.
BTC has real value - it's decentralized value storage and currency and the only real alternative to central banking fiat inflationary debt-slavery tokens. Gold is cool for stacking and playing around with, but we're not going back to pirate days and it's not making anyone rich except the bankers. Fuck the bankers.
Aka really high risk and not something to hang your hat on. I mean if you feel you're getting some divine revelation on it then go all in, otherwise what you've described sounds risky.
Unprecedented but you are confident it's become too big to fail. Maybe it doesn't go to zero, but there is no clear mechanism for a floor. Commodities for example, have the floor of the cost needed to produce it. The price will rarely dip below that.
Gold is locked in purchasing power of real money. It isn't designed to go to the moon but it maintains the wealth that government is stealing from us otherwise. Outperforming the S&P is no small feat (* depends on the time window we chose or course, but still impressive). It indicates a lot was being stolen from us.
Nothing wrong with taking some profits when it hits highs, (especially when retail investors are coming in) but long term, there should always be some allocation imho.