/biz/ - Business & Finance

>>24504408
Because Gold will go up during inflation crises, as long as boomers are still alive. Your typical boomer teacher's union fund is going to put 80% of their reserves into precious metals.

>>24504408
Governments had to print so much money to bail out everything from the rona, and the bailing out is still going on they can’t let interest rates rise this is all bullish for gold

Because deposit and obligation interest rates are lower than actuall inflation (you are still loosing your purchasing power)

>>24504408
So basically what's going on is mass selling of PHYSICAL gold to the richest. The precious metal orders in the last half a year dwarf any other. In fact, looks like we're running out. So you might ask, how is the price so low and keeps dumping a lot so often? What you see is a "Market Price" and it's fully determined with trading of gold "on paper". There is more gold on paper than there is physical gold in the vaults. It's a deliberate price manipulation, keep it low, let the rich accumulate what's left and don't spike the price too much so the Normies don't realize what the fuck are you doing. COMEX and the USA been doing it since 2010. The idea is to extract as much gold and silver as possible for as cheap as possible from South America and Africa.
If you saw "the real" precious metal prices, suddenly Argentina and some backwater countries in Africa would be one of the wealthiest in the world. But with this price manipulation, the only ones who lose are the miners, everyone else gets almost free precious metals.

I hope it helps you understand.

Incoming lockdown and next wave of money printing.

>>24504408
>rising
Ah yes, truly rising

>>24505275
>chart show a rise
>"what rise lol?"

>>24504408
because of its privacy features, if you look a bit closer you see lots of similarities with EPIC, except EPIC is *actually* preserving digital privacy, not achieved by btc.

>>24505088
Hmmm this kind of makes sense

Gold is going to the moon when the damage of the covid measures and money printing becomes visible. I own 2800 euros in gold and it is everyting I have because I am a zoomer poorfag. While normies lose money I keep my purchasing power.

>>24505687
"Strong uptrend" kek

>>24506358
>>24505275
Macro trend for gold is up, but then again its also up for BTC, SPX and NDX

>>24504408
Imminent stimulus package, hyperinflation and COMEX default will make the price of Gold go stratospheric in the next months.

>>24504408
Because the vaccine does not heal already zombie economy with a multitrillion dollar deficit. The US is facing a debt trap: it can either entriely collapse which would include real economy and all these fancy stock and crypto bubbles collapsing if they stopped printing or they will have to keep on printing and print so god damn much that it dwarfs any printing you have seen so far. Gold reacts to money printing and negative real bond yields and the next decade we will see more money printing than ever to avoid system wide collapse and most negative real bond yields we have seen in our lifetime. This is why pms are unironically the best investment right now, not your meme internet tokens, not these flavor of the month meme stocks.

dxy broke below support

>>24504408
Because the problem is the deficits, not the virus.

>>24504613
>He thinks boomers have precious metals
The boomer goldbug meme is the most overused thing ever. A random police fund putting 5% into gold (and those tards probably bought futures) was talked about in the gold space or months. No one owns gold. The average gold and gold miner position is sub 1% in the US.
Zoomers are probably more likely to buy pms than boomers

>>24504408
>check DXY
>below 91

That's why.

>>24506970
Nooooo but the narrative is that zoomers rather own bitcoinerinos than physical gold. Everyone in my twitter feed says so. Why are you lying!

>Thinks money printing will stop after a vaccine
Ngmi

This. I’m the anon from pic related.

People are looking the other way. They think we’re turning Japanese and will print forever and will still be in deflation.

Not this time. The $ is the reserve currency, the QE this time bailing out banks, which in turn flows blowing asset bubbles bigger.

QE this time is being injected into the veins of the economy, energy, infrastructure etc. This brings inflation with it and interest rates hikes to try and keep a lid on it.

The Covid shock dip wasn’t it, the Big Kahuna is still to come and it’ll take the tech stocks with it.

>who is Janet Yellen
>what are her policies
>why is she in the biden administration

buy gold

>>24507933
>They think we’re turning Japanese
>https://www.youtube.com/watch?v=IWWwM2wwMww

>>24507933
We're literally just going to do what japan did. no politician will chose a crash sparked by rising interest rates over a slow decay via inflation

>>24507933
How long to wait until the big one?

>>24506318
Unironically this 5000 usd gold & 420k usd bitcoin & 12k usd ethereum & 4k usd monero as soon as velocity of money returns.

>>24504408
am i wrong with this?

>>24509148
You can't be right or wrong with gold what goldcucks don't get is that the banks control gold by the balls thanks to paper gold.
They can dump or pump the price at will

Gold, silver and xrp will go really high even this year. 15k for gold, 3k for silver and who the fuck know where xrp will stop

>>24509275
>3k for silver
Where the fuck do you people get these ideas lmao

>>24504408
The market will crash in January. Too much borrowing will lead to inflation, raised taxes. Just buy into gold now.

>>24508970
They won’t have a choice. Inflation will be coming hard and fast, IR rises will be used as a last resort to stop major global currencies turning into toilet paper. Lots of people and business will be decimated, the key will be to have cash reserves with high cash flow and little (or at least fixed) debt that will inflate away. All the share buyback zombie companies that’s survived a decade on 2008 QE cash will be the first to go.

>>24504408
>Why is gold rising again?


HMMM, I WONDER WHAT COULD POSSIBLY BE CAUSING THAT??

>>24510032
Oh shit, is this why crypto has been mooning too?

why is the euro going up? people moving to it from the dollar?

>>24510277
Yes

>>24504408
Because it cost money to make a vaccine and distribute and help those without.

Do you even consider having critical thinking skills?

>>24510631
ultra based screencap