patrick.net

Well you know what they say... a broken clock is right twice a day. Seems about right for zero hedge’s track record.

I lost confidence in 2006 and went all in on Gold and Silver. Did ok. Regained confidence in 2012. I'm losing confidence big time again. Gold/Silver, and I will slowly acquire bitcoin once the buying hysteria subsides (if it does).

Stocks can be an OK hedge, like Visa. Liberal censorious bastards who deplatform, but they also have income that rises with inflation because they take percentage.

If I had a single bitcoin for every article/book over past 30 years I've read that was like that, I'd be a trillionaire right now.

Amen. If someone is talking about the dollars demise than they are trying to sell you something.

https://www.eipcard.com/

HunterTits says

If I had a single bitcoin for every article/book over past 30 years I've read that was like that, I'd be a trillionaire right now.

The Gold to 5k/ounce shit is so old, I remember my Math teacher in 6th grade telling us a story about how his Uncle leveraged his house to buy Gold and Silver in the late 70s, and lost most of it's value a few years later.

I will gladly take those worthless dollars.

It would be great to require a $1000 fee to hawk buttcoin and gold/silver on the internet.

Not because it needs regulation, but it would cut down on the spam 90%.

I'd love to allow Brave ads to run, but I turned it off because it was all track your crypto, buy crypto, tales from the crypto.

I think that ship has already sailed in years following the financial crisis, around 2011.

And thus, all this worrying is just a re-test of those highly bearish USD/EUR/GBP days with a few peaks outside of the 2011 highs.

Gold's support is in the $1400-$1500 zone and will find its way back there or establish a new level between that and today's level.

All and all, it's a hedge against excess central bank QE; it's neither an investment nor a true safe haven.

NoCoupForYou says

The Gold to 5k/ounce shit is so old, I remember my Math teacher in 6th grade telling us a story about how his Uncle leveraged his house to buy Gold and Silver in the late 70s, and lost most of it's value a few years later.

If he avoided the parabola of 1978, where $190/oz skyrocketed to $850/oz, he would have still done ok.

After the crash, gold never touched $190/oz ever again.