I’ve been investing long enough to learn to NEVER chase pumps. I looked at the chart and it was a flat line for 10 years with a massive green vertical candle at the end.

Congrats on anyone who bought in before it pumped, but if you don’t own gold currently and thinking about buying at these prices you’re asking to get burned. Rally chasing is a great way to lose money.

Anonymous wrote:

Anonymous wrote:Market timers never learn.

Oh. because gold is magically going to crash soon? As if market conditions are healthy enough for this risk asset to plummet?

Gold is great if you don't mind 20+ year bear markets. Joe Schmo investing in a boring boglehead type portfolio will beat you 90% of the time. And they are spending zero time and energy on their investments.

Anonymous wrote:Market timers never learn.

Oh. because gold is magically going to crash soon? As if market conditions are healthy enough for this risk asset to plummet?

My family back in India have been buying gold every single year, just like millions of other Indians. The men used to grumble about the expense but the women are really smug now. 😂

Now. Sell.

Market timers never learn.

Gold rallying.

Probably a good time to buy gold given the news today.

Anonymous wrote:So how do we know when to sell?

Beforr Trump dies

Political instability is one cause that fuels precious metal price rises

So how do we know when to sell?

I think there's still life in metals - should buy some if possible now. There's still room to go up. I wouldn't tap everything in it however but yes, some.

Understand what gold and silver are - they are not the stock market. They are what you use to hedge. When they go up, the world is not running as it's supposed to. When gold/silver are going high this fast, it's not healthy, it's trouble. The reality is, if the world is in trouble, you need something to help you out. That's what gold/silver offer. A way to help out when things aren't going right - it's your emergency fund.

If you don't see gold/silver as value added in this time of our lives, good luck. By the same token, unless the world is truly going to hell, gold/silver streaks are short term only. You'd need to buy a lot and sell it to tap the market every so often over a long period of time - that's really how you leverage the metals market. To not have that safety net is foolish and to put all your eggs into that safety net is foolish as well.

Gold again tomorrow. It’s going to skyrocket this year. It’s not too late.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There’s always someone shilling gold every week since 20 years ago when I first started investing. This is like when the market finally crashes after 500 perma bears are wrong about the timing and then the one who got lucky thinks he’s a genius

+1

Gold used to be considered the ultimate bear market. Heck, it isn't even that great as a hedge for inflation.

These clowns pushing gold and other ridiculous strategies probably have a 1-2% chance of beating the market, but have somehow convinced themselves that they will come out on top.

Yeah about that. I bought a ton in gold ETFs in Feb and am up and insane amount. No idea what you’re talking about. Gold is also beating the S&P. I like chatting with idiots on here, so yeah, sure, gold is not a good hedge for inflation lol. Gold is the ultimate inflation hedge.

Jesus Christ. When the crash comes, and it will come sooner than later. it will be like a tsunami wiping away idiocy. People simply aren’t ready. The whole fking economy is being propped up by NVIDIA and a few other companies right now.

Gold is one of the only safe bets for a crash. It ain’t gonna be Bitcoin. That’s still way too correlated to the performance of the stock market.

Why do you all think gold continues to rise? Any ideas? Do you think this is TRULY a healthy market? You really think that?

Ooozzzing with confidence

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There’s always someone shilling gold every week since 20 years ago when I first started investing. This is like when the market finally crashes after 500 perma bears are wrong about the timing and then the one who got lucky thinks he’s a genius

+1

Gold used to be considered the ultimate bear market. Heck, it isn't even that great as a hedge for inflation.

These clowns pushing gold and other ridiculous strategies probably have a 1-2% chance of beating the market, but have somehow convinced themselves that they will come out on top.

Yeah about that. I bought a ton in gold ETFs in Feb and am up and insane amount. No idea what you’re talking about. Gold is also beating the S&P. I like chatting with idiots on here, so yeah, sure, gold is not a good hedge for inflation lol. Gold is the ultimate inflation hedge.

Jesus Christ. When the crash comes, and it will come sooner than later. it will be like a tsunami wiping away idiocy. People simply aren’t ready. The whole fking economy is being propped up by NVIDIA and a few other companies right now.

Gold is one of the only safe bets for a crash. It ain’t gonna be Bitcoin. That’s still way too correlated to the performance of the stock market.

Why do you all think gold continues to rise? Any ideas? Do you think this is TRULY a healthy market? You really think that?

Not sure why you are shilling gold on DCUM. Sounds like a pump and dump pitch, but DCUM can't move the gold market.
Thank you for looking out for us hausfrau - I'll go look at my portfolio on AOL and see if I need more commodities. Then I'll go tend to my veg garden and feed my chickens, who will feed me during the foretold aftermath. And make sure my Flavor Aid supply is still good, in case things get really bad.

Anonymous wrote:

Anonymous wrote:There’s always someone shilling gold every week since 20 years ago when I first started investing. This is like when the market finally crashes after 500 perma bears are wrong about the timing and then the one who got lucky thinks he’s a genius

+1

Gold used to be considered the ultimate bear market. Heck, it isn't even that great as a hedge for inflation.

These clowns pushing gold and other ridiculous strategies probably have a 1-2% chance of beating the market, but have somehow convinced themselves that they will come out on top.

Yeah about that. I bought a ton in gold ETFs in Feb and am up and insane amount. No idea what you’re talking about. Gold is also beating the S&P. I like chatting with idiots on here, so yeah, sure, gold is not a good hedge for inflation lol. Gold is the ultimate inflation hedge.

Jesus Christ. When the crash comes, and it will come sooner than later. it will be like a tsunami wiping away idiocy. People simply aren’t ready. The whole fking economy is being propped up by NVIDIA and a few other companies right now.

Gold is one of the only safe bets for a crash. It ain’t gonna be Bitcoin. That’s still way too correlated to the performance of the stock market.

Why do you all think gold continues to rise? Any ideas? Do you think this is TRULY a healthy market? You really think that?