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Posted: 1/26/2021 7:56:55 PM EDT
[#1]
Crypto is the new gold
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Posted: 1/26/2021 7:58:00 PM EDT
[#2]
Everyone sold their gold and silver, and bought bit coin.
I want gold to go down, so I can buy more.. 
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Posted: 1/26/2021 7:58:02 PM EDT
[#3]
Quote HistoryQuoted: Crypto is the new gold Crypto has been going down too. |
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Posted: 1/26/2021 7:58:19 PM EDT
[#4]
Because people realize shiny trinkets won't do shit for you if the dollar really collapses.
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Posted: 1/26/2021 7:58:49 PM EDT
[#5]
People have not yet figured things out because of Gamestop, Robinhood, and sweet free Washington cash.
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Posted: 1/26/2021 7:59:14 PM EDT
[#6]
The price is being manipulated.
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Posted: 1/26/2021 8:00:44 PM EDT
[#7]
Quote HistoryQuoted: People have not yet figured things out because of Gamestop, Robinhood, and sweet free Washington cash. This is probably the most accurate answer so far in the thread. Massive money is to be made elsewhere (or lost), so money is shifted from gold to try that. |
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Posted: 1/26/2021 8:01:39 PM EDT
[#8]
The price of gold isn’t real gold, it’s paper gold. So easily manipulated.
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Posted: 1/26/2021 8:02:14 PM EDT
[#9]
Quote HistoryQuoted: The price is being manipulated.  Why gold price is not at $6k already and why it was 'managed' by the government - Luke Gromen |
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Posted: 1/26/2021 8:02:53 PM EDT
[#10]
Grillz out going out of style
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Posted: 1/26/2021 8:04:52 PM EDT
[#11]
If op is talking about what I think he's talking about it's because he doesn't understand that M1 is part of M2. If M1 goes way up, but M2 hasn't changed, it's just shuffling deck chairs.
Big money is moving out of time-deposit accounts to on-demand deposits. |
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Posted: 1/26/2021 8:05:42 PM EDT
[#12]
Quote HistoryQuoted: Crypto is the new gold |
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Posted: 1/26/2021 8:06:12 PM EDT
[#13]
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Posted: 1/26/2021 8:07:03 PM EDT
[#14]
Quote HistoryQuoted: Crypto is the new gold Lol. You are comparing something with absolutely zero intrinsic value to something that has been valued as long as humans can remember. |
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Posted: 1/26/2021 8:07:06 PM EDT
[#15]
Supply and demand.
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Posted: 1/26/2021 8:09:04 PM EDT
[#16]
Quote HistoryQuoted: This is probably the most accurate answer so far in the thread. Massive money is to be made elsewhere (or lost), so money is shifted from gold to try that. Quote HistoryQuoted: Quoted: People have not yet figured things out because of Gamestop, Robinhood, and sweet free Washington cash. This is probably the most accurate answer so far in the thread. Massive money is to be made elsewhere (or lost), so money is shifted from gold to try that. Gold is a store of value not a tool for speculation. They should be on opposite ends of the spectrum. |
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Posted: 1/26/2021 8:09:07 PM EDT
[#17]
Quote HistoryQuoted: The price is being manipulated. This, the fact that there is paper gold being sold, it is easily manipulated. There is not enough gold to cover the fiat currency that has been created. If you can't hold it in your hand it is fucking worthless. |
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Posted: 1/26/2021 8:10:20 PM EDT
[#18]
Quote HistoryQuoted: Crypto is the new gold At least gold can be a physical asset. Worst comes to worse I can beat someone over the head with a brick of it. Can't say the same about some zeros and ones |
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Posted: 1/26/2021 8:12:26 PM EDT
[#19]
From 1200 to 1855 in the past couple of years. The price is rising.
Slow and steady wins the race.  Attached File |
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Posted: 1/26/2021 8:12:53 PM EDT
[#20]
Quote HistoryQuoted: This, the fact that there is paper gold being sold, it is easily manipulated. There is not enough gold to cover the fiat currency that has been created. If you can't hold it in your hand it is fucking worthless. manipulated, but not controlled, otherwise it never would have gone above $35/oz. If enough futures holders demand delivery, there will be fireworks in the metals markets. |
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Posted: 1/26/2021 8:18:12 PM EDT
[#21]
Quote HistoryQuoted: Because people realize shiny trinkets won't do shit for you if the dollar really collapses. Ha! That’s why I have fool proof digital crypto currency! |
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Posted: 1/26/2021 8:19:21 PM EDT
[#22]
Quote HistoryQuoted: The price is being manipulated. this guy gets it |
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Posted: 1/26/2021 8:21:32 PM EDT
[#23]
Gold is a shiny, heavy, yellow metal with little practical value. It pays no dividends. The market is limited. It relies on someone wanting to buy it at spot +/-. Guess what? When prices are high and you want to sell, the dealer also wants to sell and doesn't want to buy. It is historically a pretty poor investment. Prices are volatile, exactly the opposite of its claimed value as a hedge against inflation.
In SHTF, if someone came to me asking to trade his gold for my ammo, gasoline, whatever, I say sure. I will give you a box of 9mm or 5 gals. of gas for your Krugerrand. That said, everyone should have a little. I prefer junk silver US coins TBH, it will never be worth less than the coin value. But it's bulky. |
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Posted: 1/26/2021 8:26:09 PM EDT
[#24]
Quote HistoryQuoted: If op is talking about what I think he's talking about it's because he doesn't understand that M1 is part of M2. If M1 goes way up, but M2 hasn't changed, it's just shuffling deck chairs. Big money is moving out of time-deposit accounts to on-demand deposits. |
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Posted: 1/26/2021 8:30:51 PM EDT
[#25]
Gold prices haven’t made sense for decades...gold is being manipulated either banker or oligarchs or both.
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Posted: 1/26/2021 8:36:46 PM EDT
[#26]
Why would anyone want to own actual gold? It seems to me it would be more of a liability than anything.
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Posted: 1/26/2021 8:38:18 PM EDT
[#27]
Quote HistoryQuoted: Crypto is the new gold Yup, gold is the boomers folly. What can you buy with bar of gold exactly? My friend bought a house and car with bitcoin. |
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Posted: 1/26/2021 8:38:45 PM EDT
[#28]
Biden will keep the market juiced plus US companies have free access to chinas slave labor again so profits will be up. Long term we are fucked, but short term good to go.
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Posted: 1/26/2021 8:42:28 PM EDT
[#29]
Right before you bring it to the sky, you down play it and buy.
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Posted: 1/26/2021 8:44:36 PM EDT
[#30]
Quote HistoryQuoted: In SHTF, if someone came to me asking to trade his gold for my ammo, gasoline, whatever, I say sure. I will give you a box of 9mm or 5 gals. of gas for your Krugerrand.. Aren’t we almost there, for 9mm and 5.56/.223? |
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Posted: 1/26/2021 8:44:52 PM EDT
[#31]
Quote HistoryQuoted: Gold prices haven’t made sense for decades...gold is being manipulated either banker or oligarchs or both. You misspelled China |
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Posted: 1/26/2021 8:44:54 PM EDT
[#32]
The interest in it is dwindling so it is losing its importance. Why Gold anyway?
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Posted: 1/26/2021 8:54:02 PM EDT
[#33]
Quote HistoryQuoted: Why would anyone want to own actual gold? It seems to me it would be more of a liability than anything. This 3 inch by 3 inch box has $20,000 in it. It’s not that much of a liability, it’s a 3 inch tin box. 
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Posted: 1/26/2021 8:56:24 PM EDT
[#34]
Quote HistoryQuoted: Lol. You are comparing something with absolutely zero intrinsic value to something that has been valued as long as humans can remember. Quote HistoryQuoted: Quoted: Crypto is the new gold Lol. You are comparing something with absolutely zero intrinsic value to something that has been valued as long as humans can remember. Once upon a time, horse and buggy were our main mode of transportation. Then came a little thing called the "automobile". Eventually, there's a better way. |
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Posted: 1/26/2021 8:59:28 PM EDT
[#35]
Because Gold is useless where we're headed...
People are selling it / liquidating their holdings of it as it will be globally useless. My guess is people are buying hard assets with it. |
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Posted: 1/26/2021 8:59:46 PM EDT
[#36]
Quote HistoryQuoted: The price is being manipulated. ^this and it’s obvious the world is moving back to gold someday when you see countries buying and mining the fuck out it the past 10 years. cryto is a distraction. |
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Posted: 1/26/2021 9:00:18 PM EDT
[#37]
Quote HistoryQuoted: Crypto is the new gold
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Posted: 1/26/2021 9:00:25 PM EDT
[#38]
I bought a grand of AMC yesterday. It was at like 4 and change so I knew worst case scenario it wasn't going to move much.
It's up 70% since I purchase it  Buy meme stocks 
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Posted: 1/26/2021 9:00:45 PM EDT
[#39]
Quoted: How is it possible that gold price is going down while 1/3 of cash in existence was printed over the course of the last 6 months? Only reason I can think of is people are going broke and selling what they own. Someone smarter than me, please explain. Lead is in high demand on this forum................ 
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Posted: 1/26/2021 9:02:33 PM EDT
[#40]
How does a guy go about buying physical gold and silver?
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Posted: 1/26/2021 9:02:47 PM EDT
[#41]
Quote HistoryQuoted: This 3 inch by 3 inch box has $20,000 in it. It’s not that much of a liability, it’s a 3 inch tin box. https://www.ar15.com/media/mediaFiles/335547/D706B98C-51D3-4E22-87D4-851BFCF859A7-1798279.jpg I wouldn't buy it. What good is it? It's a hunk of metal with literally no use. |
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Posted: 1/26/2021 9:06:19 PM EDT
[#42]
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Posted: 1/26/2021 9:09:58 PM EDT
[#43]
Quote HistoryQuoted: How does a guy go about buying physical gold and silver? Go to jmnullion.com. Place order. I was there last year @$1862/oz delivered. Chose more Bitcoin instead. But that's certainly not for everybody. |
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Posted: 1/26/2021 9:11:10 PM EDT
[#44]
You can't eat gold. You can't shoot people with gold.
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Posted: 1/26/2021 9:11:28 PM EDT
[#45]
Quote HistoryQuoted: Because people realize shiny trinkets won't do shit for you if the dollar really collapses.  Attached File |
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Posted: 1/26/2021 9:13:15 PM EDT
[#46]
Quote HistoryJust don't be heart broken when it returns to $35/share.
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Posted: 1/26/2021 9:13:41 PM EDT
[#47]
Quote HistoryQuoted: I wouldn't buy it. What good is it? It's a hunk of metal with literally no use. Quote HistoryQuoted: Quoted: This 3 inch by 3 inch box has $20,000 in it. It’s not that much of a liability, it’s a 3 inch tin box. https://www.ar15.com/media/mediaFiles/335547/D706B98C-51D3-4E22-87D4-851BFCF859A7-1798279.jpg I wouldn't buy it. What good is it? It's a hunk of metal with literally no use. The Chinese are really going to look stupid when the gold scam finally crashes. Ha ha ha. |
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Posted: 1/26/2021 9:13:44 PM EDT
[#48]
Quote HistoryQuoted: I wouldn't buy it. What good is it? It's a hunk of metal with literally no use. Quote HistoryQuoted: Quoted: This 3 inch by 3 inch box has $20,000 in it. It’s not that much of a liability, it’s a 3 inch tin box. https://www.ar15.com/media/mediaFiles/335547/D706B98C-51D3-4E22-87D4-851BFCF859A7-1798279.jpg I wouldn't buy it. What good is it? It's a hunk of metal with literally no use. *laughs in gold currency* |
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Posted: 1/26/2021 9:14:08 PM EDT
[#49]
Any time there is profit taking people sell and it corrects. Many are chasing the game stop and virgin galactic bumps plus crypto currency.
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Posted: 1/26/2021 9:18:32 PM EDT
[#50]
Obama Administration 2.0 will monkey-hammer POG to ensure the dollar has no competition. BTC will be likewise crushed under future .gov regs.
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