I guess gold's a bubble also isn't it
$Gold Futures (FEB6) (GCmain.US)$ I don't hear any of these morons on TV screaming gold is a bubble but it's down $200 right now and everybody that was scampering to buy gold lining up on the streets well they're not feeling too happy right now
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk
opinion not financial advice
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躺平族 : it's not a bubble like A.I lol.
it's hedge against weakening USD . cause nobody can print gold .
healthy readjust because it's growing too much last week . 200+ points .
105935067 Mula : About everything else is a bubble
10baggerbamm OP 躺平族 : I hope you're prepared to sit on gold for up to a decade and make nothing because there's been periods of time in the not too recent past were for 12 years gold did zero produced nothing in terms of return
yavis : Gold is not a bubble.
躺平族 10baggerbamm OP : you just need to bet on trump being trump can already . gold will go up
eventually
dun believe me go check gold trends . USD will devalue after the tarriffs and trade war as they will keep printing money and nations will buy more gold and reduce dependency on USD .
nobody wants to be held hostage by USD nowsadays especially china.
73855414 : you need to learn cycles
10baggerbamm OP 73855414 : I need to learn cycles are you fucking kidding me maybe you should pull a chart on gold and look at it because it's set for 12 years and did nothing I've been buying gold I started when it was a little over $700 I bought the bulk of it between $900 and 1100 I've got a stack of gold all 1 oz that I played dominoes with.. so maybe you should learn a thing or two about the people that you're speaking to because I understand commodity cycles and gold has had its biggest run in 30 years and it's not going to continue to rally like this it's just not and if you don't think so you're going to get hit over the head when the sellers come
ASteffie 73855414 : Shush
ASteffie 73855414 : Specifically, I'm Mom shushing
Ryo3830 : Gold does not experience bubbles; it simply returns to its intrinsic value.
It's quite simple: it serves as a safe haven rather than a speculative asset.
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