Why the fuck did i wake up this morning to my gold dropping over $50 an oz?!

Wrong thread again there, bad Larry?

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>forbes.com/sites/trevornace/2017/09/15/771-trillion-worth-gold-hidden-ocean/
aaaaaannnnnd????

Gold has not changed value for 3000 years.

It's a simple question: Which is more trustworthy, an inanimate object, or politicians?

marketslant.com/article/nasa-asteroid-has-10000-quadrillion-iron-gold-silver

how the fuck you figure that?

>Cortez raiding Montezuma's horde
>California and Yukon gold rushes
bullshit

>marketslant.com/article/nasa-asteroid-has-10000-quadrillion-iron-gold-silver

LOL ur fucking retarded

politicians are inanimate objects

Yes but none of that is happening is it. And if it does, it won't be in our lifetimes.

"Value" of gold has only been measured against fiat currencies which do change.
Gold has consistent value which is why it has never fallen out of favor as stable money

A drachma is still a drachma since the time of christ and before.

dubs of truth

america is suprised that a guy who bankrupted dozens of his companys cant run a economy good

no one on Cred Forums buys gold homo

Gold for what?
They used to be weapons. Then other metals came along which weighted less and were more durable

Well we can always elect Bernie, a man without a job until he turned 40 and has been on the government dole ever since. His only job has been criticizing job creators while creating none of his own.

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ahahhaha nice bait ya fuckin twat

God you are so fucking stupid and such a blind Trump-hater I don't even know where to start... You know nothing about how economies work. You also haven't been paying attention for 3 fucking years you lying little bastard

"My shiny brick is less valuable now!"
Nigger, it's still shiny, that's all that matters to your ape brain

keep politics out the thread u fucking commie cunt

If you weren't selling it today, who gives a shit? Gold has dropped and risen more than $50 in a day many many times in the last year alone. You do realize that is a very small percentage of the value of an ounce?

Coronavirus is causing a worldwide market dip, it'll be back up in no time

blacks dont buy gold my friend,they mine it

i was planning on selling off 10oz today user

Okay retard
Trump ruined his economy faster than Johnson did, and one left an entire continent

OP is clearly a nigger. He's upset his gold chains aren't as extravagant.

So is gold a good thing to buy or no

not quit yet, wait until it's lower then buy

its probably the best thing to buy if u plan on being around for the next 20 or more years

when will that be Nostradamus?

buy on monday because it will be back up by next friday.bet

If they were inanimate objects, you'd need to hit them to get hurt

Elaborate

That's just false. When the supply of something increases, the price falls. Basic supply and demand. That's why inflation happens in fiat currencies, they print more money. That's why inflation happened in gold standard currencies, when they shaved edges or debased the metal by replacing some of the silver with tin, or something like that. And the same thing happened when the Spanish brought galleons full of gold from the New to the Old World, and when new gold discoveries are made. That can be verified without regard to fiat currencies, by looking at things like consumer price indices.

>$50
wow so much

keep an eye on the fucking corona virus
if it's "just a flue" the economy will stabilize and gold will drop
if people die on mass and the economy tanks it'll go up
this ain't rocket sience

Bat soup flu make gold poo poo

That's more than 100% of the actual price of gold
>based on the Federal Reserve
>which values its gold reserves at $42.22/ounce
>because bankers and politicians can't be trusted with money

get out your moms basement fuckhead

your spelling and grammar is a reflection of your overall IQ apparently

where the fuck are you getting these figures????

Yeah but how many horses you can buy with 1 Drachma changes all the time.

Clearly horses are the purest form of currency.

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you do realize there are people outside of clapland who don't speak claplandish

Lol
Trump ran a casino out of business.

No one will care about your shiny metal once society breaks down. Guns, food, women and medicine will be the real commodity. Get realistic.

www.fiscal.treasury.gov/reports-statements/gold-report/current.html
They fixed the value of gold by statute, decades ago. Look at "book value".