Gold is under 1150$ again

also - don't forget about bitcoin bubble

If you actually bought Bullion you don't have to worry short/medium term but over that period there is a strong possibility that it breaks below $1100 resistance for a few weeks & potentially below $1000 over a few months purely from the news coming out.

Though a lot of people are buying atm, it really hinges on economic data contradicting projections and media statements. I'm really excited actually, anymore dips and I'll buy more for sure.

Meanwhile Bitcoin making smart people aka holders rich.

I'm really not into crypto. Can you redpill me on why it is a bubble? I thought about putting some money into it as another hedge against the expected 2017 corrections / recession.

Bitcoin isn't big in the overall scheme of things anyway. Not much money will flow out of it into other assets if it collapses.

>muh bubble
>not just buying every dip
youtube.com/watch?v=XbZ8zDpX2Mg

That's quite silly user. Trump doesn't have the power or time despite how strong his election win was (with those majorities) to fix all of the underlying problems in the economy.

There's a honey moon period, but remember everyone was screaming doom before the election, just because they've done a drug induced 180 doesn't mean it's going to last beyond a few weeks/months.

Hell Pinochet in Chile made swift and extreme economic policy changes where the results played out over a solid 10-30 years. Realistically Trump won't be able to pass anywhere near as much legislation at anywhere near the same extent and can't effect the markets beyond announcements & sentiment.

Are you kidding me?

The USD is going to eventually collapse.

Gold is going to be $4000+ per ounce in a few years.

Have faith, KEK. Everything will come crashing down soon.

>this meme table again

once the crisis hits bitcoin will literally have no value over gold and even US dollar and will crash

i'm talking about a real crash where people realize how worthless bicoin really is and it drops to 0$ - so what if it's sovereign, fungible, durable, divisible etc. when it's trash?

dip is not crash

The banning of cash around the world is kind of good for both Gold & Bitcoin, but remember while they can't stop people sidestepping with Gold/Bitcoin, they can always confiscate Gold. They can stop Bitcoin if they manage to regulate the internet.

I dunno, so much uncertainty, both look good but you can be fucked over with either of them.

This user speaks Truth. Did you see that only just NOW the Fed is raising interest rates? I mean the partisanship is just so retarded here. ((They)) are planning on tumbling the whole thing down including the dollar to compete with China. Gold is coming back huge.

UPDATE: IT'S BELOW 1125$ NOW

THAT COMPLETELY FUCKED MY PORTFOLIO GUYS

>t. Veeky Forums intellectual

Screenshot losses, please. It makes me feel better about my own.

The reflation trend and trade is real, and combined with Fed policy and Trump spending will result in real inflation.

It just won't be the drama that the gold bugs expect. Real estate and growth stocks are a better reflation trade long term.

When the bond bear market bottoms out bonds might be good. It will be a while.

JUST

Quit crying. The system is fucked and the Fed knows it. Their scheduled interest rate hikes are going to continue us lower on the downward spiral and we have a gold guy coming into office who doesn't like them. We are coming up on the end user and its always darkest before Don. In the meantime, use this opportunity.
businessinsider.com/trump-meeting-john-allison-bank-ceo-abolish-the-fed-gold-standard-2016-11

i have a total loss of 4000$

unable to screenshot right now though

Guys, you havent really lost anything unless you sell your metal - so dont! Most of us (myself included) hold it for long term security. This isnt actually bad for me - in fact it might be good, I'm thinking about buying more soon.

Yeah I'm this guy () and I don't plan to sell. It's really just a hedge and is a small part of my investments.

Yeah, that's what they keep telling during nikkei's over 20-years long downward spiral

Liquidated my position back in July because everyone was so optimistic that in short nobody was left to buy, therefore the price can't go higher and even as it averaged down, people just love gold that much that they bought even more and now most investors are starting to give up and its about time.

The key elements supportive of this trend are the outstanding shares of gold driven traded funds going down, along with the general bullish view on futures which follow the same route.

The only conditions when gold will be a wortwhile BUY is when gold and gold stocks shift from being coveted so much to absolutely hated or ignored and that train is still running but hasn't reach destination yet. In addition to that, the same gold and gold stocks need to reach the lowest point of their downtrends and start new genuine uptrends but we're not even there yet so in the meantime, just do yourself a favour and don't buy right now.

Nikkei in 19000s now

to buy more gold i would need to sell my stocks (and I don't want to sell them either)

Gold had its time.

Welcome to the digital age where bitcoin and monero is the future.

>digital age
nice meme

MUH GOLD AINT GONNA BE WORTH SHEEEIT, ITS CURRENT YEAR YOU WINDOWLICKERS

Gold and silver are gods gift to humanity for trade and the preservation of wealth, they've ALWAYS been worth something and always will be. For comparison, FIAT currency (usd) is a plague by the jews to remove wealth and prosperity from the rest of us through inflation and (((government))) control.

Tell me anons, which would you rather have? This wont be the final nail in the coffin for gold, neither will whatever happens 6 months from now or whenever else you all want to guess.

This is the way that the world works.

H O L D
G O L D

unlikely now that Trump is on the saddle, we are a long way from the point where post-apocalyptic warlords start issuing gold coins

Trumps not gonna fix shit famalamadingdong, every politician ever elected has run on a basis of "change" yet few deliver... At least on the type of change they promised.

Ayy if any of you NEETs want to sell me your jew gold I'm buying

Excuse my retardation, but why gold over silver?

the jews are also selling gold right now, user. best of luck to you.

sauce plox

Predicted what exactly? That the rates will be bumped and the stock market will dump? I know Schiff was saying a rate rise is going to bump gold prices in the intermediate.

google.ca/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=soros sells gold&tbs=qdr:m

(soros is the head jew)

Yeah hold on to gold until it's $300 an ounce like it was before all the (((experts))) started telling people to buy gold because the petrodollar is doomed.

Petroldollar is only getting stronger, especially if any protectionist shit gets passed in the US.

You gold dudes are going to be sucking holding on to metal that's hardly used for any material purpose.

Hmmm
Yet soros is trying to stop trump from getting into office
Maybe gold is still good long term but not medium to short term?
I mean systemic risk and us debt are both pretty big and trump himself said that there is a big fat bubble in the economy
(((They))) could bring the system down about 3 years into trump's term and blame him in order to stop him from having another term

>Maybe gold is still good long term but not medium to short term?
>I mean systemic risk and us debt are both pretty big and trump himself said that there is a big fat bubble in the economy
>(((They))) could bring the system down about 3 years into trump's term and blame him in order to stop him from having another term

yeah, sure gold's price is going to go down in the the short term to medium term, but the best strategy is to hold on to it for those fat dividend payouts.

>divident payouts
are you shotposting or talking about minig stocks?
I have bought physical gold and intent to hold on to it until the crash

*shitposting
*mining
I can't type for shit

i was S H I T P O S T I N G you asshole!
there's not going to be any crash. have fun humping your shiny yellow rocks and nutting while you scream "ugh Au is a superior conductor!" you fucking pathetic peter schiff chump.

Well you seem like a nice person with good arguments
Do you want to talk to someone about your problems

I'm currently holding GLD and GDX, about to put more in but I'm not sure which will climb higher when the market shits itself.

Or should I just go full on gold bug and cop some bullion?

investing isn't always about being a nice person. there's sharks out there, user. i'm just trying to warn you.

silver has many uses in industry, its likely to net you some gains

gold not so much. its less industrial and more eastern market. check whats going on over there before buying in.