I will never understand the hold that gold has on retarded boomers. Just look at the price the number doesn't go up. Gold bad. I know its shiny and alchemical and shit but its not good. There are other things.

>>25494499 USSR thought same thing and used gold wiring in TVs for its high conductivity.

>>25494499 I thought the same thing until I found out you can find gold in rivers here in California. It's fucking magical man, the gleaming shine of gold literally drives men mad like in LOTR. >>25494509 does this mean you can scrap old soviet electronics now for lots of gold?

Gold price will double this year since trump has audited the federal reserve so jews must bring all their stolen gold back 160 cargo planes lifted from the Vatican alone

where you getting 4k from? my chart says 3k.

I have a bunch of British sovereigns

>>25494528 oh its CAD lol why are you looking at a chart in canadian dollars

Why does gold even have a value? Because it's finite and goes into eletronics, jewelry and gypsy teeth?

It is not like is going to change my life. There's no way of buying gold or investing in the stock marketing when you only make 200 dollars/month

>>25494509 >high conductivity No, gold is a mediocre conductor, worse than copper and silver, but it has great anti-oxidative therefore, anti-corrosive properties.

>>25494523 ok crappa

>>25494554 >Because it's finite and goes into eletronics, jewelry and gypsy teeth? No, gold's utility value is nowhere near worth $3000 per ounce. This value comes from gold's historical status as money. Why was it money before fiat currencies? Because in addition to its physical properties (near indestructible, highly divisible, easily recognizable) it has the highest "stock to flow ratio" (ratio of existing stock vs production) of all precious metals. In other words, the current supply of gold always greatly exceeds the amount that can be mined at any given point, making it very difficult much harder to inflate its supply than other comparable commodities. This led to gold holding its value better than anything else, cementing its status as money.

>>25494499 Gold outperformed the S&P500 by 25%. I'm glad I have at least a few ounces since 2016. Way better than any shitty bank account.

>>25494730 >Gold outperformed the S&P500 by 25%. you're retarded. its true that the price of the actual stocks were beaten by gold (if you look at the past 20 years) but you're forgetting that stocks pay dividends, and over a 20 year time period those dividends add up a lot, assuming you reinvest those dividends back into stocks, you end up with significantly more than if you bought gold. it's called compound interest.

>>25494920 >muh dividents they are getting payed out until they dont, retard. Everthing points in the direction of the dying dollar so enjoy your goydividents as long as you can

>>25494471 The traditional monetary aspects of gold have been surpassed by crypto. It's possible the value of gold will collapse and go back to more historical ratios with silver, governments will be who decide what happens

>>25494966 > and go back to more historical ratios with silver Kikes are supressing the silver price, if this happens the whole financial system will break down

>>25494949 due to how geographically fortunate the US is, it's unrealistic to expect them to remain down for very long. They'll recoup their losses no matter what. Precious metals are good to have to diversify your portfolio, in case the dollar dies, as you say. But realistically, it won't stay down for any more than a few years, and the sheer amount of money to be gained from compound interest in the long term is not to be scoffed at. There isn't an end all be all to investing, you get a decent chunk of money into different baskets to ensure you're safe either way.

>>25494966 >governments will be who decide what happens Isn't trump going to Fort Knox to check on the US gold reserves? Is having huge gold reserves an indicator for being part of the Western world and not a third world country? Does Poland have huge gold reserves?

>>25494978 >Kikes are supressing the silver price That's not sustainable, you can't make a commodity trade bellow it's real value for long. It is possible to make a commodity sell well above it's true value so why isn't it much more likely they're inflating the price of gold? Who do you think benefits from high gold prices?

>>25494993 >Isn't trump going to Fort Knox to check on the US gold reserves? Maybe he plans on taking it home. Who cares. Trump wants the federal government to get into buying crypto.

>>25494993 >Is having huge gold reserves an indicator for being part of the Western world and not a third world country?

United States - Approximately 8,133.5 metric tons
    Germany - Approximately 3,362 metric tons
    Italy - Approximately 2,451.8 metric tons
    France - Approximately 2,436 metric tons
    Russia - Approximately 2,299 metric tons
    China - Approximately 2,068 metric tons
    Switzerland - Approximately 1,040 metric tons
    Japan - Approximately 846 metric tons
    India - Approximately 800 metric tons
    Netherlands - Approximately 612.5 metric tons
    Poland - Approximately 230 metric tons

>>25494920 Apparently you can't just be happy to have some gold that went up 47% in a single year. I said it's way better than just leaving it in bank, which will stay true. Gold makes like 4% of my portfolio.