Gold is speculated on, but it is a real, tangible asset with both industrial and historical use. Gold's price (and silver moreso) has been artificially suppressed which is why you saw this price soar, but the price can't be allowed to actually catch up to the relative rarity of the material or it would harm the entire financial system. Additionally, price increases correspond to dollar weakness, as one would expect. Bitcoin dumped like 30+% because less than .1% of the supply was sold. These situations are not remotely comparable in the realm of speculation.
Only a fool would refuse to accept gold as payment.
"No i want those fiat infinitely printed unlimited supply fiat jew buck dollars backed by the faith of the faithless corrupt US government and the credit of the bankrupt USA with $200 trillion worth of unfunded liabilities run by two jewish controlled political parties that have divided the population into near civil war instead."
No and you are displaying a lack intelligence with no reading comprehension for thinking that. The comparison was between gold and Bitcoin, but in your haste to feel superior you've displayed only the reading comprehension of the average public school middle schooler circa 2026. Absolute troglodyte behavior
Technically it was a crash. In fact, historically when that large of a move happens in one day it's over for the PM bull market. But given how early things are and the major de-dollarisation macro we're in, that seems unlikely. As predicted by some here, they wanted to shake people out.
Today it looks like a v-shaped recovery, but I don't want to get my hopes up too soon.
20% loss after 200% gain
omg crash
I equally can not comprehend this 'crash'. For Crypto-bros, this is called Tuesday.
The difference between sound money and a speculative asset
But even gold is now speculative, so what’s left that qualifies as “sound money”?
Gold is speculated on, but it is a real, tangible asset with both industrial and historical use. Gold's price (and silver moreso) has been artificially suppressed which is why you saw this price soar, but the price can't be allowed to actually catch up to the relative rarity of the material or it would harm the entire financial system. Additionally, price increases correspond to dollar weakness, as one would expect. Bitcoin dumped like 30+% because less than .1% of the supply was sold. These situations are not remotely comparable in the realm of speculation.
speculative to who?
Only a fool would refuse to accept gold as payment.
"No i want those fiat infinitely printed unlimited supply fiat jew buck dollars backed by the faith of the faithless corrupt US government and the credit of the bankrupt USA with $200 trillion worth of unfunded liabilities run by two jewish controlled political parties that have divided the population into near civil war instead."
Rule 1
No and you are displaying a lack intelligence with no reading comprehension for thinking that. The comparison was between gold and Bitcoin, but in your haste to feel superior you've displayed only the reading comprehension of the average public school middle schooler circa 2026. Absolute troglodyte behavior
Technically it was a crash. In fact, historically when that large of a move happens in one day it's over for the PM bull market. But given how early things are and the major de-dollarisation macro we're in, that seems unlikely. As predicted by some here, they wanted to shake people out.
Today it looks like a v-shaped recovery, but I don't want to get my hopes up too soon.