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Markets are completely erratic at this point - everything points to frayed nerves. GDP numbers incoming. Gold a traditional safe haven but let’s be honest, peop

Markets are completely erratic at this point - everything points to frayed nerves. GDP numbers incoming. Gold a traditional safe haven but let’s be honest, people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. Total chaos and I’m here for it. Self imposed pending collapse is breeding black swans that have yet to hatch. Source: worked at an investment bank during 2008 collapse.

YZF 1y ago
Seems like the market is thinking this is man made so can be man fixed. Not the same systemic issues as we had with debt during 2008. Many businesses seems to be pretty healthy. AI still has ways to run in its bubble cycle- still huge investments into this space. Really hard to predict. Confidence has eroded but emotions can switch very quickly to fear of missing the next rally. Maybe a more fundamental question is what multiples are the new normal and where are interest rates going.
pengaru 1y ago
> people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. Says you. A month ago I was trying to buy 1oz bars as gifts for my niece and nephew, from Costco of all places. They were often sold out by noon, sometimes queues for the stuff. I wasn't even trying to buy something that was going to appreciate in value quickly, it's already gone up >10% from the Costco price at the time. USD seems doomed right now, through the lens of the price of gold in USD.
SpicyLemonZest 1y ago
> let’s be honest, people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. Is there data or is this speculation? After the Gamestop saga, I would 100% believe that the gold market is being driven by a liquidity crunch as lots of random individuals buy gold bars to stuff in their sock drawers.
thelastgallon 1y ago
> people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. So, Gold NFTs?

YZF 1y ago

Seems like the market is thinking this is man made so can be man fixed. Not the same systemic issues as we had with debt during 2008. Many businesses seems to be pretty healthy. AI still has ways to run in its bubble cycle- still huge investments into this space. Really hard to predict. Confidence has eroded but emotions can switch very quickly to fear of missing the next rally. Maybe a more fundamental question is what multiples are the new normal and where are interest rates going.

pengaru 1y ago

> people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. Says you. A month ago I was trying to buy 1oz bars as gifts for my niece and nephew, from Costco of all places. They were often sold out by noon, sometimes queues for the stuff. I wasn't even trying to buy something that was going to appreciate in value quickly, it's already gone up >10% from the Costco price at the time. USD seems doomed right now, through the lens of the price of gold in USD.

SpicyLemonZest 1y ago

> let’s be honest, people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. Is there data or is this speculation? After the Gamestop saga, I would 100% believe that the gold market is being driven by a liquidity crunch as lots of random individuals buy gold bars to stuff in their sock drawers.

thelastgallon 1y ago

> people are buying “funds” of gold and driving up the price, not actually stockpiling the metal itself. So, Gold NFTs?