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[–] [deleted] 3 pts

We go through this shit every decade. They purposely crash the market so they can buy low. I wouldn't even be surprised if the Corona "virus" is the catalyst. They always come up with something creative to drop the market then fuck everyone over.

Who the fuck besides jews at the Bank of England and the other dozen or so hoarders of gold care? Gold lost 2 weeks of gains? Woopity doo. Gold is a saturated stock. It is so over-valued and only a select group control enough of it so it doesn't even matter because the globalists determine its worth at the BoE. They can make it whatever they want so they can buy or sell it whenever or however they want. It's a scam.

Either they are really going to tank the stock market so they can buy everything up cheap or it will just rebound naturally. No one besides the top elites can do anything about it. I'm sure they'll blame Trump though

[–] 2 pts

Because you can't eat it and it doesn't cure Corona?

[–] 2 pts

You can drink Goldschläger!

[–] 1 pt

I filter my goldschlager to add to my diverse portfolio

[–] 2 pts (edited )

Because gold market manipulation is real

https://www.zerohedge.com/contributed/2012-07-08/libor-largest-insider-trading-scandal-ever

https://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says

https://www.zerohedge.com/news/2017-04-10/secret-recording-implicates-bank-england-libor-rigging

https://www.zerohedge.com/news/2017-04-11/bank-england-rigging-libor-%E2%80%93-gold-market-too

https://www.zerohedge.com/news/2017-07-29/libor-dead-400-trillion-assets-are-stuck-limbo

https://www.zerohedge.com/news/2018-05-15/gold-manipulation-comprehensive-guide-paper-manipulation-james-rickards

https://www.zerohedge.com/news/2018-06-21/manipulation-gold-silver-bullion-banks-0

https://www.zerohedge.com/news/2019-05-22/question-gold-price-manipulation

https://www.zerohedge.com/news/2019-07-22/gold-silver-price-manipulation-greatest-trick-ever-pulled-0

https://www.zerohedge.com/news/2019-10-02/bank-gold-price-manipulation-continues

https://www.zerohedge.com/news/2019-12-18/gold-price-manipulation-2019

https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud Tue, 09/17/2019

https://www.zerohedge.com/commodities/us-launches-criminal-prove-jpmorgan-gold-price-manipulation Wed, 02/05/2020

...

https://www.zerohedge.com/commodities/rickards-how-gold-manipulated

Understand this: Gold (and PM in general) are the direct competitors to fiat

Gold isn't an investment (especially in the context of rigged gold market, and rigged markets in general), it's an insurance against total ruin, so you have a natural run on gold when fiat is tanking, in turn the banking cartel crashes the price of gold to slow down the run on gold, incentives

In the end gold will win, in the end

That being said, as some have stated here, you can't eat it, you can't live in it

And it's going to get tough to get "change" on a gold piece...

Silver is more handy in that regard, and it's subject to the same sort of manipulation designed to protect toilet paper

I looked for the value of gold the other day, and silver, here https://www.apmex.com/silver-price

Both are taking a dive naturally, for the reasons mentioned above, platinum too, and palladium is barely starting to take the dive

I say buy some of those if you can afford it, buy when it's low (physical gold not "paper gold")

As I stated, in the end, gold wins

Just don't expect it to be an investment, and buy it while it's dirt cheap. Worst case scenario it makes a great gift for your grand children

[–] 1 pt

good post.

It was interesting to me since it is marketed as an investment for volatile times. I guess not so much.

[–] 0 pt

Given the above, and starting with the premise derivatives aren't going to blow at everyone's face just yet...

Gold inverse ETFs, totally counter intuitive from an orthodox standpoint,k but eh, you know they aren't going to let gold/silver go up, you know they'll make it take a dive every time the market takes a dive and people seek refuge in gold/silver

https://www.proshares.com/charts/performance-chart-zsl.png