Buying gold

1. 2021-11-19 at 11:50 AM UTC

   #1
   The Self Taught Man Black Hole

   After a 24x rise during the last gold mania between 1971 and 1980 (from $35 to $850) gold corrected for 20 years down to $250 in 1999. In 2002 we had technical confirmation that gold had bottomed, so $300 was clearly an attractive level to enter.
   
   The best time to buy an asset is when it is unloved and undervalued which was the case in early 2002.
   
   One of my favourite charts is the annual gold chart below which shows that gold closed up 12 years in a row between 2001 and 2012. Thereafter gold corrected for until 2015 and since 2016 it is up every year except a sideways move in 2018.
   
   Thus, since the gold bull market resumed in 2001, gold will have closed up 19 out of 21 years (2 flat yrs) which is 90% of the time. This is assuming 2021 will be an up-year which I am convinced it will be.

   
   
   https://goldswitzerland.com/gold-mania-is-coming/
   
   Inflation is taking off, and the gold bugs are saying the same shit they've been saying for the last 50 years about how gold is the only real money.
   
   Is gold the new buttcoin?
2. 2021-11-19 at 2:12 PM UTC

   #2
   

   vindicktive vinny Black Hole
   *cough* *cough*
   The following users say it would be alright if the author of this post didn't die in a fire!

   • aldra, 
   • Sudo
3. 2021-11-19 at 3:07 PM UTC

   #3
   The Self Taught Man Black Hole

   Originally posted by vindicktive vinny *cough* *cough*

   
   That's why you buy coins small enough that you can swallow them.
4. 2021-11-19 at 3:57 PM UTC

   #4
   

   the man who put it in my hood Black Hole [miraculously counterclaim my golf]
   palladium is better
5. 2021-11-20 at 11:25 PM UTC

   #5
   

   vindicktive vinny Black Hole

   Originally posted by Donald Trump That's why you buy coins small enough that you can swallow them.

   
   the weight involved will cause your bowels to prolapse.
6. 2021-11-20 at 11:45 PM UTC

   #6
   Incessant African Astronaut
   I got plenty of gold.
7. 2021-11-21 at 2:06 AM UTC

   #7
   

   A College Professor victim of incest [your moreover breastless limestone]
   
8. 2021-11-21 at 9:43 AM UTC

   #8
   

   Nigger Nintendo Starving African Child
   If you buy gold, you are a sucker and a rube who deserves to lose your shirt, and you will.
   The following users say it would be alright if the author of this post didn't die in a fire!

   • lockedin, 
   • cigreting
9. 2021-11-21 at 10:24 AM UTC

   #9
   

   the man who put it in my hood Black Hole [miraculously counterclaim my golf]
   I am going to invest in precious metals
10. 2021-11-21 at 11:36 AM UTC

    #10
    

    Nigger Nintendo Starving African Child

    Originally posted by Nigger Nintendo If you buy gold, you are a sucker and a rube who deserves to lose your shirt, and you will.

11. 2021-11-21 at 2:11 PM UTC

    #11
    

    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    They don't go down in value
12. 2021-11-21 at 2:14 PM UTC

    #12
    

    Sudo Black Hole [my hereto riemannian peach]
    Axe me if I gots 2 gold changs mang
13. 2021-11-21 at 2:34 PM UTC

    #13
    

    vindicktive vinny Black Hole

    Originally posted by Incessant I got plenty of gold.

    
    the only gold you have a plenty of is r@ygold.
14. 2021-11-21 at 2:35 PM UTC

    #14
    

    vindicktive vinny Black Hole

    Originally posted by Nigger Nintendo If you buy gold, you are a sucker and a rube who deserves to lose your shirt, and you will.

    
    ↑ doesnt know how economies work.
15. 2021-11-21 at 2:36 PM UTC

    #15
    

    Sudo Black Hole [my hereto riemannian peach]

    Originally posted by vindicktive vinny ↑ doesnt know how economies work.

    
    Get me a double double there Hayek
16. 2021-11-21 at 2:43 PM UTC

    #16
    

    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
17. 2021-11-21 at 2:44 PM UTC

    #17
    

    vindicktive vinny Black Hole

    Originally posted by Sudo Get me a double double there Hayek

    
    who ...
18. 2021-11-21 at 3:13 PM UTC

    #18
    

    Sudo Black Hole [my hereto riemannian peach]

    Originally posted by vindicktive vinny who …

    
    Exactly. You understood the coffee wench parlance but not the reference to a famous economist
19. 2021-11-21 at 3:31 PM UTC

    #19
    

    vindicktive vinny Black Hole
    salma hayek is not an economist.
20. 2021-11-21 at 4:24 PM UTC

    #20
    

    ⠀⠀⠀⠀⠀⠀ Black Hole
    When the world economy collapses, no one will want your gold. What's going to be worth something is food and water and supplies. Nothing else.