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@VikingWays @BadOptniks @morgthorak Going off memory (I have been following these markets for years for amusement, I am no JC Slater but I've made some bank) . . . it took years for gold to break the psychologically significant mark of $2000/ounce in 2020, and once it did it was immediately hammered down via harsh selling and kept rangebound for another 4. It only managed to stabilize early this year in March iirc, with 2k as a solid "floor"
Now in 2024 there has been a market crash that normally would have been taken advantage of to drive the price down hard . . . but it has barely budged and hasn't gone below $2300
This indicates that there are serious buyers aware of how bad 'real' inflation numbers are and that gold holders are completely unwilling to sell unless they absolutely have to ("diamond hands"). Can't drive price down in this current environment.
- Kenny Blankenship likes this.
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@TrevorGoodchild @VikingWays @BadOptniks @morgthorak It's amusing to see so many commentators thinking that the Fed will ride to the rescue with rate cuts, when the smart money is obviously staging itself to buy back in after a big deleveraging. The fed knows that there is no stopping this action short of a melt up, and the jews will eat the "losses" on the valuation before they risk another hyper-inflationary episode.
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@brokenshakles @VikingWays @BadOptniks @morgthorak Exactly. The smart money quietly dumped and got out before Friday (Buffett sold half his Apple shares) and retail/mid level "non made men" were left holding the bag
One heuristic that has served well: hyperinflation equals funny mustache man time in the minds of the big, big kikes. As you said, they will do anything to avoid a Weimar 2.0 scenario
Until they can't. Then it's global war time.
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Thank you very much for the details!
My brother has done well in bitcoin, and gold. His only regret was that silver may never return to its traditional 8:1 ratio (he and I bought quite a bit of it at around 22.00 an ounce) due to it being moved to an 'industrial metal' status instead of precious as it was in the past.
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@VikingWays @BadOptniks @morgthorak If he bought around $22/ounce he is still doing well, sometimes you just have to sit and wait a bit. "This time is never different".
Of course, unfortunately I lost all my precious metals and firearms in a boating accident. V. sad, still haven't gotten over it :CroissCry:
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@TrevorGoodchild @VikingWays @BadOptniks @morgthorak i don’t have anything personally, except to stay it‘s both a credit to Poast/the Fedi and a damning indictment of regime media that this thread has by far the best summary of the current economic fuckery going on
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@DW2 @TrevorGoodchild @VikingWays @BadOptniks @morgthorak And everyone please remember: it's not gold that has increased in value. Gold maintains it's value. It's the dollar which has lost value. That's why you need more of them to buy the same gold.
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@mothersmurfer Correct
"Paper money eventually returns to its intrinsic value: zero"
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@TrevorGoodchild @mothersmurfer >everything including crypto crashes, whereas gold and silver not only survive but moonshot
>Peter Schiff eternally vindicated
wew lads, talk about the Goofy Cool Ranch timeline
Trevor Goodchild:verified::pondering_orb:
brokenshakles
VikingWays
Kenny Blankenship
mothersmurfer
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