Is it happening yet /biz/? How low can it go?
Wait until it drops below 1000/oz or can it get lower?
>>1002888
>can it get lower?
yes. in theory, it can go to zero.
>>1002902
If your theory says that, it's wrong. No one would pass up gold for $150.
>>1002888
Wait until it starts to rise again.
And then buy a bar, then use it to commit murders and steal other people's gold.
>current year
>buying the most inflated commodity of all time because muh store of value
T O P K E K
O
P
K
E
K
>>1002935
>more inflated than amazon
N-nuh uh.
>>1002915
> muh shiny metal has intrinsic value
In 50 years you'll look as retarded as the Indians who traded land for beads.
>>1002952
Yeah nah. If history has shown anything it's that people like shiny metals. That doesn't mean they're great investments, but you "going to zero" fags are delusional. Gold will remain attractive to speculators.
Keep calm.
$800-$900 for Gold
$10-$11 for Silver.
It's practically already there, just another 10% for Gold and 20% for silver.
>>1002960
> I'm telling you RunsWithWolves, these glass beads will be worth a fortune very soon, we've traded it amongst ourselves for centuries and the price has always been high
https://www.youtube.com/watch?v=wX3D8ATsw_Q
>>1002972
While I agree that gold is over priced, it does have an intrinsic industrial value due to its high ductility, corrosion resistance and heat conductivity.
Glass beads only had blingbling value.
Listen to the prophet
https://youtu.be/BtN17EGeVVA
>>1003002
The same could be said about stock certificates though, they don't actually produce anything either; they're just pieces of paper, which you hope will net you more cash at sale than what you paid for it. It's literally no different to gold. Fucking boomers I swear to god.
>>1002982
>leaving doorstop off the list
>Los Alamos even managed a direct loan from
>Fort Knox. Frustrated in their search for the
>metal that would best prevent neutrons from
>escaping the core of the plutonium bomb,
>laboratory scientists decided to try gold. They
>promptly borrowed enough bars of bullion to
>make a pure gold sphere to contain the
>bomb's core. Gold, it turned out, was
>unsuitable and, not long afterward, the sphere
>was found in the office of an intensely
>preoccupied scientist--being used as a
>doorstop.
>>1002902
It's a material that has many uses, it would never go to zero.
>>1002902
