Thread: Why did I get married

Originally Posted by Agent_Smith

you still pushing gold as a great investment?

Like any commodity, gold will go up and down, after rising so much for so long I'd be thinking that gold is close to topping out. The other problem with gold is it only returns capital, there's no revenue creation.

I'd be looking elsewhere now.

^We got into a debate about it, oh say 12 years ago I think. He thought it was the only worthwhile investment at the time and was pushing it hard.

Meanwhile almost everything else went up by greater margins of ROI since then. Haven't heard him talk about it much these past few years so I guess he quietly moved on to other "get rich" schemes.

Originally Posted by TheRealKW

Like any commodity, gold will go up and down, after rising so much for so long I'd be thinking that gold is close to topping out. The other problem with gold is it only returns capital, there's no revenue creation.

I'd be looking elsewhere now.

This is absolute nonsense. Gold has just crawled back to the same price it was 11 years ago. Monetary aggregates are 500+% higher. Just to get back to the same ratio gold has to be $5000+

Gold in other currencies like Canadian dollars is $2600. Already far in excess of its highs

Originally Posted by Agent_Smith

Speaking of sleazy, you still pushing gold as a great investment? Or have you moved on to the crypto scam yet?

10 years ago I really believed that gold was going to stay in the game and be a force. Turns out the US empire is better at controlling it than I could have imagined. It has been an absolute dog asset since 2013 while every other asset just floated away to infinity.

Gold went up 2500% from the 60's to 80's. It has far more catching up to do now. I think we are in for a 2000% rise from here.

But maybe it's different now. Maybe gold will be a dog asset for another 10 years. I don't know. Markets don't really exist. Only empire exists. Gold is a challenge to the US empire. If I knew that we lived in a USSR 2.0 , I wouldn't have invested in gold. But I waited all this time now. So I'm sticking with it

Everyone should own some gold.

Originally Posted by Backspin

Monetary aggregates are 500+% higher. Just to get back to the same ratio gold has to be $5000+

To get that return require millisecond decisions. Not a feature many humans posses.

Originally Posted by Backspin

Everyone should own some gold.

Agree.