Why aren't you buying gold right now?

>economist wrongly predicts recession for 17th time in last 5 years

Go home Ron, you're senile.

Treasury is going to run out of money by October. So the Federal reserve decides to devalue the dollar as they always do which drives people to gold.

Doesnt ron paul have like a billion usd in gold stocks? Theres a reason why he shills it so much

Because Bitcoin will be up 500% by then

>50%

bitcoin will be 5k, and eth will be 600-700$ by then, that's almost guaranteed

who the hell cares about shitty 50% increases, if it actually happens

>eth will be 60-70$ by then
ftfy

He understands history

Every single fiat currency in all of recorded human history has eventually returned to it's true value; zero

I've been hearing this Ron Paul shit for at least 10 years. Now that we have a superior form of currency (crypto), why bother with gold?

This pussydoctor has been yelling collapse since the Carter Administration.

Because Ron Paul is a total quack.

gold shills will have you believe that gold is still useful in industry, don't fall for their bullshit

gold is about to be the heaviest bag of them all

>gold is about to be the heaviest bag of them all

Okay guys, what exactly am I going to do with bars of gold other than sell them, melt them, make useless shiny jewelry or other flashy shit? I don't own a electronics manufacturing company, so using it in those types of things is out of the question.

>Why aren't you buying gold right now?

Because in the long run a diversified protfolio of stocks outperforms gold.

$200 next year

Do you use your dollar bills in any arts & crafts? You buy it and lock it away, it's an investment like any other.

Try stocks against gold instead of against USD.

Scientists have ALREADY transmuted gold out of fucking lead. The only problem is that it's currently very expensive, making it unprofitable to just create a ton of gold. By buying gold you're essentially betting that this process will remain prohibitively expensive forever. I wouldn't feel comfortable doing that.

>only a fool wouldn't have a portion of their investment portfolio in physical gold and silver
wew

Not untrue I could see it at 800

Buy uranium if you want a hot tip

millennials dont even want historical gold anyway. just like technology left old people behind its going to leave those clinging to gold behind too

Also assumes gold will continue to be useful in modern technology, when it could very well be replaced by some cutting edge polymer that costs half as much.

you're also betting that we'll enter a mad max dystopia where for some reason we value cultural shiny things instead of practical materials OR that everyone is as dumb as you and will be using it as a hedge against economic downturn when that no longer makes sense

it's the biggest meme going

>US is literally broke
>trump's budget would only cut spending by a fractional amount best case scenario, many years from now
>campaign Trump: "Stocks in a big fat ugly bubble!"
>Pres. Trump: "New highs on the Dow and its all thanks to me!"
>70% of GDP is just ppl buying things
>new economic data continues to be underwhelming
>(((they))) keep raising interest rates despite this
>household debt higher than 08
>stock market showing symptoms of dot com crash
>stock massively overvalued considering how weak economy is

the only two options to deal with natl debt are to default or massive inflation. both will cause value of dollar to plummet. On the other hand, people have been saying the crash is coming for years and have been wrong so far. it all depends on how well you think America can keep the cycle of debt/consumption going before the rest of the world realizes the dollar is worthless.

Even if synthetic gold becomes incredibly easy to make, the very notion of it being "fake" gold is enough for genuine gold to hodl it's worth another couple generations.

they say to always get out of gold by september; it just came a little early last year.

It's not really synthetic gold if it has the exact same molecular makeup as "real" gold. There would be literally no way to tell the difference.

If this cunt knows so much about the stock market, then how big is his portfolio? A guy his age who can predict the market that well should be worth hundreds of millions.

So are you betting on huge asteroids hitting NYC and Washington?

didn't that guy have sex with Borat?

>Doesn't take into accounts stocks that failed
>Only picked best performing stocks

This stocks is best performing asset meme is the oldest Jewish trick.

already balls deep in gold, if I took any more it'd surpass 25% of my assets

Except for the ones currently in use

Asteroid mining will make gold stockpiles obsolete.

right, like 3d robotic waifus will make women obsolete? tomorrow, right?

i am buying gold right now. it just hit the bottom of its channel, i shall hold until it gets back to the top.

I love it how even Ben has started talking about a major economic slowdown (i.e depression) in his blogs

>That said, there are signs that monetary policy in the United States and other industrial countries is reaching its limits, which makes it even more important that the collective response to a slowdown involve other policies—particularly fiscal policy.
brookings.edu/blog/ben-bernanke/2016/03/18/what-tools-does-the-fed-have-left-part-1-negative-interest-rates

Ron Paul is just trying to trick idiots into buying his bags of gold

>right, like 3d robotic waifus will make women obsolete?

VR porn and artificial wombs will make women obsolete before that

Because I'm buying cryptos

because Ag is the superior PM

>>Doesn't take into accounts stocks that failed
>>Only picked best performing stocks

If you invest into stocks and forget about them for 10 years, you are fucked, yes.
If you readjust them regularly, you end up with a graph close to the one you see in this graph.

Google "index funds" and then appologize, noob.

Currently got about a thousand oz of silver. We need to hurry up and get into a recession already. This waiting is killing me.

Screw good. Buy lead brass and copper, toilet paper, cigarettes, liquor and canned meat.

I already have gold and silver. Buying cryto right now. When silver adjusts by 400% to its proper gold ratio and then explodes with gold as the markets collapse, ill have a small fortune. Then after the cities cannibalize them selves, ill start a family and enjoy life in the post nigger, white America.