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Gold getting KILLED!


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2022 Jul 20, 6:54pm   34,397 views  211 comments

by stereotomy   ➕follow (0)   💰tip   ignore  

Now that iTulip is officially defunct, I thought I'd resurrect MEGA's (Malcolm) thread over there and transplant it here. Apologies in advance to @Patrick.

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207   stereotomy   2024 Aug 17, 11:16am  

It's not quite the Rubicon, but gold crossed $2500 at closing on Friday:



From about $250 in 2000 to $2500 today. Not bad for a lump of metal. But muh Bitcoin . . . suck on a tulip bulb.
208   AD   2024 Aug 17, 8:45pm  

stereotomy says


It's not quite the Rubicon, but gold crossed $2500 at closing on Friday:



From about $250 in 2000 to $2500 today. Not bad for a lump of metal. But muh Bitcoin . . . suck on a tulip bulb.


Gold went up about 10% annually over last 24 years.

I would not put no more than $30,000 or 3% of assets (whichever is greater) in Bitcoin as a hedge in a fiat currency environment.

.
209   AD   2024 Aug 17, 9:15pm  

From what I'm reading of various Wall Street pundits recommendations to high wealth clients (+$3 million in stocks/ETFs/liquid assets), put 3% of assets in a Bitcoin ETF, 6% in gold and silver, and 6% in an oil and gas ETF.
210   stereotomy   2024 Nov 11, 7:22am  

Well, I have to agree with Stephanie Pomboy - I'll take the short-term hit on gold as long as we don't have globomomo WWIII:


211   Maga_Chaos_Monkey   2024 Nov 11, 9:00am  

Looks like a buying opportunity is approaching. Maybe. It's still way up.

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