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Gold permabulls crack me up Missing out on gains in every macroeconomic environment, QE, ZIRP, NIRP, rate hikes, deflation to finally get a little rally that
by yieldcrv 2y ago
Gold permabulls crack me up
Missing out on gains in every macroeconomic environment, QE, ZIRP, NIRP, rate hikes, deflation
to finally get a little rally that rewards their multiple decades of dollar cost averaging
all while apparently central banks have been hoarding it endlessly for twenty years and you’d think that would be the bull case to the stratosphere
but nope. anyway enjoy the all time highs. just needed threat of tariffs all along
- TacticalCoder 2y ago> Missing out on gains in every macroeconomic environment, QE, ZIRP, NIRP, rate hikes, deflation People who had 10% of their wealth in gold before 1929 only lost at most 30% of their wealth, something insane like that (losing 30% when nearly everybody loses all their savings is quite a feat). I don't know if goldbugs and gold permabulls are literally only stockpiling gold coins and gold bars. Actually I wouldn't be surprised if most gold permabulls only had 10% of their wealth in gold. And if anything I've noticed when talking to people that most who like gold actually consider the USD and EUR to be toilet paper: it's not so much that they're goldbugs, but they're "anything that's not toilet paper bugs". So from what I've seen those who bought gold overlap a lot with those who bought digital gold (aka Bitcoin). I'm not sure who missed on gains here.
- bitmasher9 2y agoExactly, gold reduces risk in ways no other asset can. It’s a preservation of wealth tool. One thing we know about low risk investments —- they have low returns.