Harry Dent: Gold will collapse to $750

[Anonymous No.18478455]

Harry Dent is saying that gold will halve in price, and that the dollar is the place to be during this crisis. Do you have sober reasons to provide for why he is wrong?

https://www.youtube.com/watch?v=UboMFpCpJvo

[Anonymous No.18478492]

>>18478455
BRRRRRRRRRRR

[Anonymous No.18478548]

>>18478492

Dent argues in the video that all the money-printing has barely made an effect on the price of gold, and that this is a sign of weakness. He says that conditions for gold could not be stronger, and yet it is not moving very much.

[Anonymous No.18478582]

[Anonymous No.18478603]

>>18478455
For the price to collapse that much the world would have to end and gold suddenly become a literal toxic asset

[Anonymous No.18478636]

>>18478455
I unironically think we've evolved beyond gold and silver. Crypto, amongst other factors, has made it inconvenient and obsolete.

Yea I know how bugfuck this sounds. I own 10 oz silv. myself, but look what just happened. The govt just printed more money than they have in the last 100+ years combined and not even a blip on the precious metals price.

Granted maybe theyre suppressing the price but if so theyve become remarkably efficient at it.

[Anonymous No.18478654]

>>18478455
If only history didn’t exist.

[Anonymous No.18478666]

>>18478455
Gold at 750 an ounce? Please yes.

[Anonymous No.18478685]

>>18478455
Oh yes please.

[Anonymous No.18478706]

Harry dent has been saying for years that gold will fall. gold was at 1000 he said it will go to 750. He may be right one never knows.

[Anonymous No.18478744]

>>18478455
Haven't seen ol' Harry 'even a stopped clock is right twice a day' Dent in a while...thanks OP!

[Anonymous No.18478766]

>>18478636
Correction, even worse than that, gold is actually down today.

Im not saying sell, gold and silver have been stores of vslue since the beginning of time. Eho knows, the entire ponzi could collapse and all those boomer rocks suddenly become worth their weight in, well, gold.

But in the short term this is lookingly increasingly more and more unlikely.

Gold probably had the same problem oil does. Improved techniques leading to higher yields leading to gluts in the market.

[Anonymous No.18478864]

>>18478766
How is that correction? Stock markets are back to 2019 levels.

[Anonymous No.18478915]

The comments in that video made open a gold short. So many normies are gold bulls now. They literally believe it can’t go down.

[Anonymous No.18478939]

>>18478915
It doesn't go down because central banks world wide are still stacking it.

[Anonymous No.18478943]

Economists are glorified Palm readers/psychics at best, deliberate agents of misinformation at worst.

This old niggers get rich out of talking about hypothetical situations their whole lives and when one situation comes true, they brag about it and convince people to let them invest their money for fees.

[Anonymous No.18478968]

>Buy my (((newsletter)))
>I predicted the financial crisis of 19xx, and 20xx!

[Anonymous No.18479222]

>>18478943
>>18478968

Dent did actually sell his house in 2005 and start renting, in anticipation of the housing bubble collapsing. This is the reason why he has some credibility. It wasn't only Peter Schiff who predicted the 2008 crisis.

Both Dent and the gold-bugs (Schiff, Maloney etc.) have been right about the sick state of the economy and the fact that it is in a bubble. The problem is that the two sides disagree about how to protect yourself. If Dent is wrong and Schiff is right, you hold dollars, they get inflated away, and you lose everything. If Schiff is right and Dent is wrong, you hold gold, it collapses owing to deflation, and you lose everything too.

[Anonymous No.18479246]

>>18478943
>>18478968
>>18478744
>>18478706

Dent did actually sell his house in 2005 and start renting, in anticipation of the housing bubble collapsing. This is the reason why he has some credibility. It wasn't only Peter Schiff who predicted the 2008 crisis.

Both Dent and the gold-bugs (Schiff, Maloney etc.) have been right about the sick state of the economy and the fact that it is in a bubble. The problem is that the two sides disagree about how to protect yourself. If Dent is wrong and Schiff is right, you hold dollars, they get inflated away, and you lose everything. If Dent is right and Schiff is wrong, you hold gold, it collapses owing to deflation, and you lose everything too.

[Anonymous No.18479290]

>>18478548
it's at a seven year high though

>>18478603
yeah, why would it drop to lower than it was before in a normal economy?

>>18478666
CHECKED satan give me cheap gold

[Anonymous No.18479314]

>>18479246
what if, and i'm going out on a limb here, that you had some gold and some cash

[Anonymous No.18479359]

>>18479290

The reason why we are even at a seven-year high is because gold shortly collapsed after the last seven-year high from $1900 to $1000. That is what concerns me.

[Anonymous No.18479387]

>>18479290

The reason why we are even at a seven-year high is because gold shortly collapsed after the last high from $1900 to $1000. That is what concerns me.

[Anonymous No.18479463]

>>18478582
I had to make a Brrrr folder I'm dying so hard rn. coof coof

[Anonymous No.18479482]

>>18479314
Then the S&P moons to 400.

[Anonymous No.18479488]

>>18478666
oh please oh please it's my only hope

[Anonymous No.18479515]

>>18478455
considering it's insanely overvalued, that's not a bad prediction. I would thinking 11-1200 but anythings possible

[Anonymous No.18479555]

>>18479314

[Anonymous No.18480033]

>>18479246
You have a binary view of reality...

How about they’re both wrong?

Peter Schiff isn’t the only person to predict the 2008 crisis. There was a fuckin academy award winning movie made about people who predicted it. Spoiler: there is no character in it named Jeter Spliff or Panker Cheif or anything else that sounds like “Peter Schiff.”

Peter Schiff has been larping as a character out of The Big Short book for over a decade now. Why don’t you follow the investment strategies of people like Burry and Eisman? Not contrarian enough for you?

[Anonymous No.18480764]

>>18480033

Who are these other people who predicted it? Where are they now? What are they suggesting we do?

You tell me what you think the right strategy for investment is right now.

[Anonymous No.18480819]

>>18480764
I just named two of them. There are many others. I am unironically long on automation and some biotech companies

[Anonymous No.18480991]

>>18478548
It'll happen once dollar hoarding ends and everyone is then racing to grab physical goods and assets.

[Anonymous No.18481148]

>>18480819
What do you suggest for automation?

[Anonymous No.18481305]

>>18478548
Gold has a market cap of about $2-3T. It takes billions of dollars to move the needle a tenth of a percent.

[Anonymous No.18481339]

If gold falls, what about silver? If silver stays exactly the same oh lord how I will stock up on gold.

[Anonymous No.18482139]

>>18478636
Comparing unaccepted means of payment which is digitally created and not physically available to gold. Gold is human's only true valuekeeper since mankind is able to extract the metal, think about this before investing in the next hyped crypto.

[Anonymous No.18482216]

>>18478455
Whatever mental gymnastics this shill did:
>Gold is rare. Money, if even printed out is not rare
>Gold is used since humans are able to mine it, the average lifetime of fiat currencies is below 50 years.

[Anonymous No.18482481]

>>18482216

Silver is supposed to be money, but if you bought silver in 2012 you would still have lost half your money to this day, despite all the money-printing.

[Anonymous No.18482709]

>>18482481
Silver is used more than 50% in the industry, therefore is has a strong cyclical component. Silver is also not very rare, in fact it's not even mined alone, it's mined in gold or copper mines as byproduct. Lots of silver is also just recycled from technical stuff. Silver was once rare and naturally a shiny object, therefore considered worthy by people. I've seen historic gold-silver ratios going back thousand years, it's interesting that they showed silver is slowly losing value (since hundreds of years). It can't really be compared to gold.

[Anonymous No.18482736]

>>18482709

To me, if something is used in industry, that ought to make it more valuable, not less. That is the reason which Schiff is always giving for preferring gold to bitcoin, that gold has intrinsic value. (I am not saying that I advocate for bitcoin, simply giving an example.) The ratio at which silver is mined is still something like 1:8, 1:10, 1:14 (I see different estimates) and yet the price has absolutely collapsed. If one monetary metal can collapse, I don't see why another can't.

[Anonymous No.18482751]

Devil's advocate

[Anonymous No.18482758]

>>18482709

To me, if something is used in industry, that ought to make it more valuable, not less. That is the reason which Schiff is always giving for preferring gold to bitcoin, that gold has intrinsic value. (I am not saying that I advocate for bitcoin, simply giving an example.) The ratio at which silver is mined at a gold-silver ratio is still something like 1:8, 1:10, 1:14 (I see different estimates) and yet the price has absolutely collapsed to a ratio of 1:110. If one monetary metal can collapse, I don't see why another can't.

[Anonymous No.18482818]

>>18481305
The Fed has already brrrrrrrrrrd more than that and has announced plans to print twice as much as gold's entire market cap. Yet inflation is the lowest in over 10 years for last month and we are hitting deflation by May.

When will goldbug autists learn?

[Anonymous No.18482838]

>>18482139
Go out right now and try to buy groceries or anything else with gold you enormous retard. Enjoy being laughed out or massively gouged.

[Anonymous No.18482878]

>>18478766
Gold has PLUMMETED from its January highs of $1550 all the way down to $1720. How will goldbugs handle this absolute COLLAPSE of the gold price?

[Anonymous No.18482937]

>>18482878

It reached a high of $1900 before, and then plummeted to $1000. I believe in gold, but the argument that "gold is doing fairly well right now, therefore it always will" is not a particularly strong counter-argument to Dent.

[Anonymous No.18482946]

>>18482838
just because it's not used in day to day transactions means it's nothing worth. You must be pretty retarded, try buying groceries with stocks or cryptos. Btw you can exchange gold at any times for fixed rates. Learn the difference between asset and currency dumb fuck

[Anonymous No.18482965]

>>18482937
The post I was responding to said

>Correction, even worse than that, gold is actually down today

Also this Dent guy from OP's video repeatedly cites gold price action in 2008, conveniently forgetting to mention the huge rally that it had from 2009-2011.

[Anonymous No.18482977]

>>18478582
What a faggot gif

[Anonymous No.18482981]

>>18482481
If you bought bitcoin in 2017 you would have lost 75% of your money. whats your point

[Anonymous No.18483003]

>>18482818
Gold does not go up with inflation. Not all of the money brrred into existence goes straight into gold's market cap. The dollar:gold ratio most definitely has gone up though. Dramatically.

https://usdebtclock.org/gold-precious-metals.html

It used to be just <$8K/oz before the brrring.

[Anonymous No.18483023]

>>18482481
> If you bought high you would lose your money.
Wow!

[Anonymous No.18483065]

>>18478455
>can't fight Oil war
>can't punish Russia anymore
>Let's fucking halve the price of gold for them
>oh fuck no no nooooo....
>FUCK YOU BRICKS!
>starts random war in venezuela

[Anonymous No.18483348]

>>18483023

If something collapses to one half or one third or one fifth of its former price, how is it a store of value?

>>18482981

Many people would argue that Bitcoin is a bubble for this reason.

>>18482965

The argument of Dent is "when the economy realized that a really bad depression wasn't going to happen, which means deflation, people went into gold, which they thought was a hedge against central bank money-printing." He argues that this is the same reason why gold dropped to $1450 this time before it recently rallied.

[Anonymous No.18483514]

>>18478455

My opinion? You want cash to spend on goods. If our cash fails the society will break, there will be enormous suffering and violence and we're not going to be trading like we are now, in the good times.

If you're some billionaire with your mountain fortress then sure, having stacks is fine, but for the majority of us it's better if we're stocked up on stuff that will be useful to us or people we can trade with in our immediate surroundings. If you're in a desperate situation and you find someone willing to trade you for your gold (Shlomo Goldsteinberg), then chances are they're going to take advantage of your desperation and give you a mere pittance for your gold.

Give Shlomo some 12 gauge shells instead. If you think you can endure the 10 years or so until we reform society, build a stable economy and can trade gold and get fair prices for it again, then sure go ahead and buy some and bury it. Just don't dig it up and spend it in year 3 of the Depression when you're starving because then you would have just been better off buying some freeze-dried food or a gun or whatever.

Just my thought on what's coming and how things will play out.

[Anonymous No.18483569]

>>18483348
>The argument of Dent is "when the economy realized that a really bad depression wasn't going to happen, which means deflation, people went into gold, which they thought was a hedge against central bank money-printing." He argues that this is the same reason why gold dropped to $1450 this time before it recently rallied.

Specifically he argues that, using 2008 as a point of evidence, gold does not perform well in these kind of financial crisises. And if you just looked at 2008-2009, when gold went from ~1000 to ~730, he'd be right. He however conveniently leaves out what happened after 2009, when gold went from 730 to 1900.
He's half right. During really bad crisises, because of the ridiculous amount of gold paper that is up for margin calls, gold tanks like everything else. The difference is what happens after that initial liquidity crunch. Gold has already proven, both after 2008 and after this recent crisis, that it will recover faster and better than anything else. It literally did its job as a safe haven in both crisises.
Dent looks at how it performs immediately during a crisis, while conveniently ignoring how it performs in the aftermath. If you zoom out and don't cherry pick data, he's provably wrong.
Also his argument depends on the assumption that there won't be more inflation, which I think is naive. We're in an election year where 10 million people just lost their jobs, there is no way in hell Trump wants to be known as the guy who voted to stop giving them free money come November.

[Anonymous No.18483579]

>>18480991
>It'll happen once dollar hoarding ends and everyone is then racing to grab physical goods and assets.

When that happens we'll experience heavy inflation, maybe hyperinflation if the government is printing mad money because 40% of the workforce us unemployed by this point, and society will break. Fat chance getting a fair deal for your gold when tons of people can't even get the essential things they need like food, shelter and security. Gold is one level higher on the heirarchy of needs. I'm sure Chaim will give you a fair price for your gold when you enter his pawn shop, disheveled, with a look of desperation upon your face.

[Anonymous No.18483601]

>>18479515
>considering it's insanely overvalued

Kek! In what logical sense is it overvalued?

[Anonymous No.18483662]

This guy must not buy physical gold. You cant buy it because the demand is so high, its sold out everywhere. Unless someone did a clinical trial and found that gold has a 110% chance to give you genital warts then its a technical impossibility for it to go to 750.

[Anonymous No.18483665]

>>18483601
>Kek! In what logical sense is it overvalued?

You can't eat gold. For the majority of people it's just another method of currency, which in turn is simply powered by belief. Most people don't need gold because they don't build electronic components or space helmet visors out of them. It's the original Jewish trick.

[Anonymous No.18483720]

>>18483348
> If

[Anonymous No.18483775]

>>18483514

>If our cash fails the society will break, there will be enormous suffering and violence and we're not going to be trading like we are now, in the good times.

This isn't necessarily true. There wasn't a breakdown to a Fallout-style society after the Great Depression, nor the economic devastation or either the Spanish Flu or the two World Wars. I don't know why everybody keeps presuming that that will happen this time either.

[Anonymous No.18483791]

>If our cash fails the society will break, there will be enormous suffering and violence and we're not going to be trading like we are now, in the good times.

This isn't necessarily true. There wasn't a breakdown to a Fallout-style society during the Great Depression, a time where gold went up 75% before it was confiscated, nor after the economic devastation or either the Spanish Flu or the two World Wars. I don't know why everybody keeps presuming that a total breakdown will happen this time instead.

[Anonymous No.18483806]

>>18483665

Gold was money to the Romans, the Greeks. It was first monetized by a Lydian king. Nothing Jewish about it.

[Anonymous No.18483822]

>>18483662

>This guy must not buy physical gold. You cant buy it because the demand is so high, its sold out everywhere.

He acknowledges this at timestamp 7:15, but suggests that this reflects similar conditions in 2008 whereafter it promptly crashed 33%; silver 50%.

[Anonymous No.18483852]

>>18483665
>You can't eat gold.

It’s a medium of exchange. I could buy food from a farmer with it who has excess supply. The farmer could use the gold I have him to buy fertilizer from another farmer who doesn’t need more food.

[Anonymous No.18483861]

>>18483822
They already tried dumping several billion dollars of paper fakes, didnt work this time. They also tried issuing new paper fakes only problem was, they didnt have any gold to back them up. So the manipulation is running out now.

[Anonymous No.18483880]

>>18483569

I follow your chain of reasoning about margin calls, which is what Schiff, Maloney, etc., argue, but what Dent is arguing is that, both in 2008 and now, the market decided, after the initial crash, we weren't "really" going to enter into a terribly bad, catastrophic sort of depression. It reconsidered and decided that we were only really going into a recession. Dent thinks that catastrophic depression is, in fact, still going to happen, and opines, when the markets realize it, gold will crash down again, except that this time it will keep on crashing.

With regard to the inflation argument, Dent argues that the fact that so many trillions of dollars have barely raised the price of gold or silver shows that we can't really get inflation any more.

>>18483514

>If our cash fails the society will break, there will be enormous suffering and violence and we're not going to be trading like we are now, in the good times.

This isn't necessarily true. There wasn't a breakdown to a Fallout-style society during the Great Depression, a time where gold went up 75% before it was confiscated, nor after the economic devastation or either the Spanish Flu or the two World Wars. I don't know why everybody keeps presuming that a total breakdown will happen this time instead.

[Anonymous No.18483889]

>>18483822
>but suggests that this reflects similar conditions in 2008 whereafter it promptly crashed 33%; silver 50%.

Gold and silver retraced because everyone believed that the Fed has fixed the economy with QE. What we have seen though is that QE failed. They couldn’t normalize interest rates or their balance sheet without crashing the economy. There won’t be any delusions of that sort this time.

[Anonymous No.18483911]

>>18478455
because we're in a dollar short squeeze. do i think the dollar will collapse? no. but i think itll fall.
though i dont trust gold or crypto terribly.
if i had a significant amount of money, right now id be moving it to some highly diversified, safe boomer portfolio. thats what you do in uncertain times.

[Anonymous No.18484086]

>>18481148
go long on automated robot loli blowjob machines for public use

[Anonymous No.18484163]

Maybe it's because I'm a millennial but I don't see the argument for gold and silver. Sure they are useful in industry, but worthless as a currency. We have stuff like fiat which is so far removed from precious metals that I don't see anyone legitimately saying pms are money with a straight face. It trades for $X, sure. You can trade for goods with it too. As a hedge against inflation or whatever that's just a very long running coincidence. It's just thoroughly decoupled from the concept of money. Little different than aluminum, copper, or fur. At least many of us can go back in our family tree and find people who traded and used animal skins as money. You'd have to go much further back to find when gold was still relevant. So as of now beaver seems to make more sense as money than gold. Not just that but there's bitcoin. It does everything gold is claimed to do but better.
Don't get me wrong, stacking metals is a cool hobby and is valuable for the history and tradition. I just don't think it will be used as currency or placeholder for it anymore than other raw materials would. I think precious and semiprecious stones are cool too and would like to collect, but they are admittedly more fickle than metals. Gold is gold but diamond is cut. I want a vault full of diamonds, gold, silver, rubies, alexandrite, opal, sapphire ,iridium, tungsten, etc. I'd go inside. One wall is floor to ceiling mirror. I'd take my clothes off and flex, admiring my muscles, the piles of dollars, yuros, yen, pounds, gems, gold bars, rounds, and even some figurines I had cast. This is the real reason people are into it. They want to feel like a dragon. They always deny it but I can't imagine any other good use for a pile of money, metals, and gems. If it's about shtf you'd stack guns and reloading mats, if it's about wealth you'd keep stonks/bonds. If it's cold hard cash you'd keep it in a savings account. It's a fantasy larp and power trip to imagine life as a Dwarven King.

[Anonymous No.18484171]

>>18478455
Have about 1k I want to invest. I really want to buy some physical gold but at the same time I know crypto is a better investment right now. Really wanted one of these. Any thoughts on what I should do?

[Anonymous No.18484227]

>>18483880
>Dent thinks that catastrophic depression is, in fact, still going to happen, and opines, when the markets realize it, gold will crash down again, except that this time it will keep on crashing.

So to paraphrase his argument he's saying that 2008 wasn't a real crash, and this will be a real 'depression' instead of just a recession?
If that's the case then 2008 data would be irrelevant. We want to look at something like a Venezuelan collapse, or if we don't want to use that as a dataset the Great Depression would probably be a decently accurate comparison. Here's what that data looks like:

>1931 $17.06 77.90 -9.3% Depression
>1932 $20.69 59.93 -10.3% Depression
>1933 $26.33 99.90 0.8% FDR takes office
>1934 $34.69 104.04 1.5% Expansion, Gold Reserve Act
>1935 $34.84 144.13 3.0% Expansion
>1936 $34.87 179.90 1.4% Expansion
>1937 $34.79 120.85 2.9% FDR cut spending
>1938 $34.85 154.76 -2.8% Contraction until June
>1939 $34.42 150.24 0.0% Dust Bowl drought ends

>Dent argues that the fact that so many trillions of dollars have barely raised the price of gold or silver shows that we can't really get inflation any more.

I have a few points for this I'd like you to consider.
>He's gotta give it a minute! It's been less than a month since we started the money printing. It takes some time to have a stock crash, liquidity crisis, money printing, faux stock recovery, and finally grocery store inflation.
>Gold & silver have had significant price moves.Originally, because of all the paper PMs got liquidated like everything else during the crash. However let's compare gold to the S&P and NASDAQ. At peak S&P was ~3,400 it is now ~2,900, NASDAQ was ~9,700 its now ~8,400. on the date the NASDAQ hit peak (feb 20th) gold was at 1610 and it's now at 1720. Even though it suffered from the same liquidity crisis as both the S&P and NASDAQ it not only recovered, but it's at a 7 year high.
I have other points but I'm out of room so I'll leave it there.

[Anonymous No.18484238]

So....buy JNUG or GLD puts?

[Anonymous No.18484478]

>>18483880
>There wasn't a breakdown to a Fallout-style society during the Great Depression, a time where gold went up 75% before it was confiscated, nor after the economic devastation or either the Spanish Flu or the two World Wars. I don't know why everybody keeps presuming that a total breakdown will happen this time instead.

Because there was no civil war during the last depression. We were on the brink of a civil war before this economic crisis. I can only imagine the blaming, scapegoating and anger that will revolve around this. Leftists and brown people will blame White people. Maybe White people will just roll over and accept the turbo affirmative action and wealth redistribution via monetary policy the left imposes on them, maybe not. Maybe violent crime thanks to 30% or 40% unemployment and more private gun ownership will lead to supply chain interruptions, maybe not. Maybe having more hungry people in more densely populated areas, people who are unaccustomed to austerity and unable to cope, will lead to a surge in violent crime.

But I don't know. I think a civil war is possible, though.

[Anonymous No.18484603]

>>18484227

Thank you, these are some very interesting arguments and data to consider. Re: the first point, yes, he believes that 2008 was a recession which ought naturally to have led to a pretty severe crash and correction, but that the Fed re-inflated the bubble, and that the real crash is now underway, except that now it will be ten times worse. The same thing that Peter Schiff believes in other words; the one point they disagree on is gold, which is what makes it so frustrating in trying to decide whom to listen to in this time of critical uncertainty.

[Anonymous No.18484621]

>>18484227

Thank you, these are some very interesting arguments and data to consider. Re: the first point, yes, he believes that 2008 was a recession which ought naturally to have led to a pretty severe crash and correction, but that the Fed re-inflated the bubble, and that the real crash is present underway, except that now the collapse will be ten times worse. The same thing that Peter Schiff believes in other words; the one point which they disagree on is gold, which is what makes it so frustrating when trying to decide whom to listen to in this time of critical uncertainty.

[Anonymous No.18484686]

>>18484621
Forget who to listen to, DYOR. What evidence are they basing their prediction on.
I think if you look at most market collapses, whether inflationary or not, gold tends to do well. But you should confirm that yourself by checking into the numbers.

[Anonymous No.18484698]

>>18484621
https://www.youtube.com/watch?v=xhGuuuOmPUo

Also go watch The Hidden Secrets of Money by Mike Maloney. He argues first deflation then inflation.

[Anonymous No.18484724]

>>18484698
This is what I meant to link:

https://www.youtube.com/watch?v=2qTOWuL7Zco

[Anonymous No.18484728]

>>18484698

Dent and Maloney had an interview in 2015 regarding the deflation vs inflation argument; both accurately predicted that the crash would come in 2020. But they didn't come to an agreement on gold in the end.

https://www.youtube.com/watch?v=FlGELg8Ises

[Anonymous No.18484731]

>>18478455
What a fucking dumbass

[Anonymous No.18484839]

>>18484163
>I'm a millennial
I am a millenial as well
>>18484163
>We have stuff like fiat which is so far removed from precious metals
Watch what is about to happen then you ignorant fool and get fucked, or kys when you can't breath anymore because your head is under water

[Anonymous No.18484925]

>>18484731

For the majority of people on this board and in his audience it's sound advice. I think most people don't understand how severe this crash is going to be or how crushing the poverty they'll be experiencing. For all but the most well-off billionaires they'd be better off buying things they can actually use that will help them weather the storm that's coming, because when you're down on your luck and you just have a small stack of shiny rocks left you'll be selling them to Shlomo for a loaf of bread.

[Anonymous No.18485242]

>>18482946
Stonks pay dividends and represent a stake in actual value production. Gold is worthless outside a rapidly dwindling fetish people have for it, same with all crypto. Goldbugs and cryptotards are equally dumb. If you want to realize gains go stonks (which only go up) or bonds that pay a fixed coupon.

[Anonymous No.18485259]

>>18485242

Stocks crashed 90% during the Great Depression, and we just saw a 33% drop in a mere month. What makes you so sure this rally isn't a dead-cat bounce? Why are you certain that stocks are invincible?

[Anonymous No.18485286]

>>18484163
good post

[Anonymous No.18485338]

>>18484478
>Babies first political discord is Orange Man vs SJWs

There was significantly, by a huge margin, more domestic terrorism, group on group political violence, and protests in the 1960s then today.

Blumph is a wrecking ball for norms but he squeaked out crucial states last time by a few 10,000 votes. He is going to lose, cry, and be gone.

Only way there will be chaos is if he is stupider than I think and refused to accept a defeat.

Of course if he is elected, hell probably lose the popular vote by an even larger margin, so that won't look good, but I think people will accept it.

[Anonymous No.18485418]

crypto is a meme going around the finance community right now. might just be larps on here and tradingview but I see it in the news too. Some of the contrarians on /biz/ think it's over but IMO it's just getting started.
Silver has a lot of guys on CNBC recommending it too. Whatever the case, it seems a lot of people working in finance are spooked and are certain that their asset class or way of thinking is the way to beat whatever downturn scenario they are predicting.

I haven't seen a single recommendation about going back into stocks - most are spooked and worried about a further downturn and eventual stagnation - the US stock market turning into the Nikkei and crabbing for 20 years. Buffett's normally the buy the blood on the streets kind of guy and nothing's been released yet on how he's playing the downturn.

[Anonymous No.18485635]

>>18485259
this comparison to 1929 is stupid. back then everything was brokered through open outcry and settled manually. now there are multibillion dollar server farms designed specifically to frontrun the rest of the market and price in any perceived inefficiency in milliseconds. the market at large is already prepared to react to the 6 month repercussions of whatever scenario the us treasury will throw at it

[Anonymous No.18485723]

>>18478455
doubt

[Anonymous No.18485918]

>>18485635
neck yourself nigger and get fucked

[Anonymous No.18485934]

>>18478455
gold
>supported by why
>supported by shiny
>supported because maybe it has a value in science?

dollar
>supported by 9 carrier armadas and thousands of nukes

[Anonymous No.18485999]

>>18478455
Riiiiiiight. The dollar. The dollar that is being printed right now. The dollar that is backed by nothing. The dollar that comes out of the brrrrrrrrr machine that never stops. The dollar that has exponentially lost its purchasing power since the creating of the fed. The dollar that is owned by such fed. The dollar the us government is pretty much giving away now because it doesn't cost shit to create, the dollar that has outgrown even its fiat paper counterpart because numbers on a screen. The dollar that could buy an ounce of silver for 35 said dollars back in the 60's and now takes about 1700 of them to purchase the same amount of gold. THAT dollar. Makes sense, hey everyone lets listen to this guy and sell all our gold lads!

[Anonymous No.18486257]

>>18478455
He looks like someone who should be playing a bad guy on The Rockford Files or Magnum P.I.

[Anonymous No.18486312]

>>18486257
Not even the head bad guy, just one of the flunkies who end up driving into a canyon while chasing the star of the show.

[Anonymous No.18486428]

>>18483514
Venezuelan pawn shops for years were buying Gold at 50% discount... A nice play would have been to go to Caracas as a foreigner, buy gold on the cheap with usd and fly back... Customs didnt search as viciously as they did their own people.

solution: keep gold in different jurisdictions in vaults. Gold is certified and Shlomo buys it at close to market price.

>>18483852
So I have a farm where I grow way more than I consume. In a SHTF scenario a guy/3 person family comes to me with 1 ounce of Gold and says he wants to trade for food... Come right in brother, you can stay and eat all you want for the next month. Yes, Id give the person shelter and food for that ounce. Same with an appropiate (10oz-20oz) equal amount of silver.

[Anonymous No.18486954]

Who's going to be selling gold at $750? It's hard to find now at $1,725

[Anonymous No.18487127]

>>18485418
Buffet is a fucking retard. He bought $45 million worth of delta Airlines at 42 dollars in early March and then sold 2 weeks later for 23 dollars.

He's lost loads of money on kraft heinz

He refused to buy apple and amazon for years then fomod in at the top and got bogged

He's continually demonstrated he doesn't understand what money or a store of value is. He drinks litres of coca cola every day like some stupid pleb and eats shit food

Seriously anyone following this faggot will end up poor. He's been shit at investing post 2000 and a monkey picking stocks at random would beat him

[Anonymous No.18487330]

>>18478666
this. i'm all in with Satan on this one boys

[Anonymous No.18487381]

I have 100 ozt of silver and 2.5 ozt of gold. All physical.

If I sold and it spiked, or god forbid, the reset happened, I would kill myself.

I will never sell.

This guy is fudding to try to buy time for the lbma kikes.

He gets the rope first.

[Anonymous No.18487421]

>>18478603
>a literal toxic asset
BREAKING: Gold Causes Covid-19 Scientists Learn

[Anonymous No.18487447]

>>18487127
Dear old and past it investors in my company Berkshire Hasbeen, as you are aware, you may have heard of this tech called Bitcoin, and cryptocurrency, now I know some of you may be worried that the millenial 35 and under generation are all going to invest in these more than traditional markets and stocks such as my great company Berkshire Hasbeen, and I know that every generation after them will see us as being dinosaurs that are old and past it, but don't worry-- no, you shouldn't worry! Because me, Warren Buffet, the old man innocent billionaire who couldn't hurt a fly and still pretends to drink coca cola to win your confidence and make you think I can relate to you, have said that its worthless! Yes, now I know I said the same about the Internet, but that was a small error you see woops me being an innocent clumsy old man I had spilled Coca Cola TM over my research papers and I had overlooked it, but I'm telling you its worthless, its a posion like a black liquid substance that rots your teeth and organs from the inside, its noxious! Yes, now we at Berkshire Hasbeen recently purchased stock in various dying companies who will be bankrupt in 20 years but don't worry! For I am Warren Snuffilm, and you know I predicted that gold would stagnate for a single day over 40 years ago and I was right and since then I've just been righter and righter. Me, Warren Buffoon and my good friend and gay lover Bill Gays have been looking very closely at this new cryptocurrency tech and analising eachothe-- oops, I mean it. Analising it and we have decided its not good for you. Ok thats my letter. Do what I say and buy what I buy remember Berkshire Hasbeen is the stock that always goes UP U P UP! Avoid cryptocurrency and bitcorn and buy a farm! HOw many a heads a cattle a do ya think a you can make of a small farm a? You'll be just like me in a few years!

Yours Sincerely, Warren Buttfuck

[Anonymous No.18487554]

>>18487381
>I would kill myself.
First bury your physical assets so some treasure hunter 20 years from now will get a nice find.

[Anonymous No.18488016]

>>18478548
Look at the price of gold vs other currencies ex USD. Look at USD vs other currencies.

Pic related. Long UUP and Gold

[Anonymous No.18488082]

>>18487421
But silver cures it.

[Anonymous No.18488106]

>>18485918
what's your point?

[Anonymous No.18488644]

>>18482965
Today, anon. I meant today as in literally this day.

I think gold and silver have merit. But theres an argument to be made theyre both obsolete as fuck in today's economy.

[Anonymous No.18488709]

>>18488644
The Fed's actions prove they're not obsolete in today's economy.

[Anonymous No.18488735]

>>18488644
for 40 years CBs have been net sellers of gold.

explain the change of heart they've had.

explain why gold is the first asset listed on their balance sheet reporting.

[Anonymous No.18488796]

>>18479482
So what if you hold bitcoin, gold, cash, SP500? All 25% ?

[Anonymous No.18488823]

>>18480033
Burry says short russel and spy.

I think they’re both right, dollar will moon during the collapse, this much is obvious.
Then dollar will go to shit as it is spent into bottomed out markets.

[Anonymous No.18488855]

>>18482937
If gold lost 50% of its value iD rather just hold bitcoin.

[Anonymous No.18488916]

>>18488823
Feel bad for schiff tho, he’s gonna lose clients right before gold moons, because people are retards.

[Anonymous No.18488923]

>>18485338
So nigger jew communism then, like the guy said.

[Anonymous No.18488956]

>>18478455
Wow. I just paused the video four seconds into it, just as the guy introduced himself. Immediately I don't trust him. Terrible body language and speaking. Does not seem like someone to listen to.
I'm going to watch the whole video and then see if he has any good points.

[Anonymous No.18489020]

>>18478636
Good luck building hardware out of software

[Anonymous No.18489023]

there's actually bearish divergence showing up on the weekly chart right now for gold, I believe it

if we were to experience a liquidity crisis then dollar is king

[Anonymous No.18489056]

>>18488956
Half way in. Dude is educated but wrong. Seems like he has a personal stake in this. He's being myopic.

[Anonymous No.18489089]

>>18489056
Not even gonna watch but what personal stake could there be to owning dollars?
Scruff is the one with the fucking gold company.