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.
I did. Picked up more gold and silver on Monday when Gold was $4650 and Silver was $79
And look. back up to $5000 and $90.
It is true that most gold and silver traded on these rigged exchanges are paper contracts, not the actual physical metal.
Trading paper promises is worthless since people can back out of those contracts.
For example someone can sell 1000 ounces of gold with a paper contract but only have 1/10th of the fiat cash dollars to pay for it. Then margin requirements can be raised and the contracts liquidated and the market becomes volatile.
What makes these prices volatile is jewish rigging and gaming.
When jews are not hyper-involved rigging the metals markets, the fluctuation in gold or silver can be quite boring spanning many years.
Of course gold is volatile if someone discovers a new gold mine with a million ounces. But that's the same with any genuinely scarce asset.
What's not scarce is fiat jew dollars. I know lots of retards who can go into a jew bank and walk out with half a million newly printed jew dollars in the form of a fiat jew loan of fiat jew dollars. Look up fractional reserve lending. Jew bankers can lend fiat dollars that they don't even have.
It depends on your goals. Short term investing? That's a big risk. If you're going to buy and hold as a hedge (which I've been doing since $20 for silver and around $3k for gold), then yes. There is too much volatility right now and obvious market manipulation for someone like me to know either way if you're looking for short term returns. The fundamentals show that silver and gold should be worth way more, but market makers are able to keep fundamentals divorced from price action for a loooong time
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."
I just meant the recent volatility made gold look speculative (more so than before at least), not trying to compare it to fiat or any other assets really, just wrap my head around the precious metals market itself. I know that historically there have been periods of time like this, where speculation/banker chicanery leads to crazy spot prices (like the Hunt Brothers silver scam in the 80s). My comments here are basically just generic curiosity on the subject
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.
Only comex.. not physical market in China went down
Fair points… would you buy more of either metal at these current prices?
I did. Picked up more gold and silver on Monday when Gold was $4650 and Silver was $79
And look. back up to $5000 and $90.
It is true that most gold and silver traded on these rigged exchanges are paper contracts, not the actual physical metal.
Trading paper promises is worthless since people can back out of those contracts.
For example someone can sell 1000 ounces of gold with a paper contract but only have 1/10th of the fiat cash dollars to pay for it. Then margin requirements can be raised and the contracts liquidated and the market becomes volatile.
What makes these prices volatile is jewish rigging and gaming.
When jews are not hyper-involved rigging the metals markets, the fluctuation in gold or silver can be quite boring spanning many years.
Of course gold is volatile if someone discovers a new gold mine with a million ounces. But that's the same with any genuinely scarce asset.
What's not scarce is fiat jew dollars. I know lots of retards who can go into a jew bank and walk out with half a million newly printed jew dollars in the form of a fiat jew loan of fiat jew dollars. Look up fractional reserve lending. Jew bankers can lend fiat dollars that they don't even have.
Any thoughts on platinum?
It depends on your goals. Short term investing? That's a big risk. If you're going to buy and hold as a hedge (which I've been doing since $20 for silver and around $3k for gold), then yes. There is too much volatility right now and obvious market manipulation for someone like me to know either way if you're looking for short term returns. The fundamentals show that silver and gold should be worth way more, but market makers are able to keep fundamentals divorced from price action for a loooong time
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."
I just meant the recent volatility made gold look speculative (more so than before at least), not trying to compare it to fiat or any other assets really, just wrap my head around the precious metals market itself. I know that historically there have been periods of time like this, where speculation/banker chicanery leads to crazy spot prices (like the Hunt Brothers silver scam in the 80s). My comments here are basically just generic curiosity on the subject