physical gold will go to zero this year

[sculpture]

Gold has value because people believe it does, its the same with cash "I promise to pay the bearer on demand the sum of xx"
Some shops these days only take card, cash is useless.

Think about it, if you had a bar of gold what would it be worth if cash didnt exist?

You could say that for anything

Gold's track record speaks for itself irrespective of how one tries to value it (or not)

[karasan]

It takes supernova explosions to form gold, and it has a value as a conductor. There are much worse elements than gold, I can tell you!
I am heavily into gold, that also makes me a fan!

[Mayday]

If you're in gold then you better be willing to hold for at least a few of years, probably closer to 5. Otherwise it's most likely gonna end in tears.

Yup.

Metals require crazy good timing otherwise you get stuck for a bit. Buyers love following narratives rather than what really drives it.

Gold price is merely the alter ego of the DXY.

Right now you’d be wary of a sell off event which would reverse the DXY and send it up.

[joswift]

You could say that for anything

Gold's track record speaks for itself irrespective of how one tries to value it (or not)

ultimately you have to exchange if for cash or its worthless

[Mayday]

Paper gold charts are about as real as BTC. Just look at the premiums on in your hand gold coins and see the disconnect between manipulated paper and physical ownership.

After going the silver physical route in the 2011 rally my conclusion was never again.

I had bought early enough i didn’t pay a physical premium but I couldn’t get a physical premium when I sold near peak. Only spot. And this was when the Comex crashed and couldn’t deliver physical!

[dunkin donuts]

If you're in gold then you better be willing to hold for at least a few of years, probably closer to 5. Otherwise it's most likely gonna end in tears.

I was aiming to hold it until 2030 and then hopefully sell it with profits

[Thin Lizzy]

You could say that for anything

Gold's track record speaks for itself irrespective of how one tries to value it (or not)

And Gold originally came from the market as opposed to fiat currencies which come from governments.

[Mr.1derful]

Mark my words: anything I ever bought has gone to zero

You have no idea what you're talking about.  Gold ain't going to zero.

[dunkin donuts]

You have no idea what you're talking about.  Gold ain't going to zero.

I know that whenever I buy something it goes to zero

[IroNat]

ultimately you have to exchange if for cash or its worthless

You can cut off a bit and use it to buy things but yes you generally have to exchange it.

In an economic catastrophe you could use it to buy stuff without exchanging it.

It will keep its value while paper money is devalued.

It is a poor investment as its value rarely exceeds the rise in inflation.

[IroNat]

I was aiming to hold it until 2030 and then hopefully sell it with profits

Gold is a poor investment.

Its value is as a hedge against inflation.

[dunkin donuts]

Gold is a poor investment.

Its value is as a hedge against inflation.

during economic collapse it could do better than stocks

[Flexacon]

I was aiming to hold it until 2030 and then hopefully sell it with profits

It will probably be tears for you then.

How will you feel if the stock market is up 50% tech stocks are up 200% BTC is up 400% and your gold is up only 10%. Will you be happy?

I have gold bars, coins and jewellery under my mattress for emergencies, quick sale for cash, a quick escape etc etc. I'm not really expecting to make any profit with it, but it's there to help me sleep a little more comfortably. That in turn lets me hold it comfortably for xx years. Any major financial gains made from it will just be a pleasant bonus

[IroNat]

during economic collapse it could do better than stocks

It is a hedge against such a thing but a poor investment.

Gold has appreciated only at the pace of inflation.

Equities have outperformed inflation over time.

Buying gold in the hope of capital appreciation in excess of the inflation rate is an error.

You are just treading water owning gold.

Some experts advise keeping not more than 5% of ones portfolio in gold and silver as a hedge against economic collapse.

Warren Buffett does not advise buying gold as an investment.

[Dokey111]

you can't go wrong with some gold.  buy and keep.

[IroNat]

I know that whenever I buy something it goes to zero

Invest in a no-load, very low expense equity index fund like the Vanguard Total Stock Market Index Fund.

Open a Roth IRA if you are eligible.  Also if your 401K has such a fund invest at least enough to get the full employee match.  It has to be a very low expense equity index fund though.

Unless you are an astute and very knowledeable investor, do not buy individual stocks.

[IroNat]

you can't go wrong with some gold.  buy and keep.

You can certainly lose money buying gold if you buy when the price is high.

Know why you are buying gold.  For what purpose.

Flexacon's reasons are the correct ones.

[Mayday]

during economic collapse it could do better than stocks

The challenge being how do those who believe a collapse is coming identify an economic collapse?

Let me double dip my chip in sauce at the party for a moment.

2020 globe shuts down. Everybody thinks everything will collapse.
Gold has a run from 1.6k to 2k then promptly sells off in 2021 back to 1.6k.

In 2022 QT begins and everybody thinks it will collapse.
Gold has a run from 1.6k to 2k then Promptly sells off in 2022 back to 1.6k.

At the end of 2022 QT is overtightening and everybody thinks will collapse
Gold has a run from 1.6k to 2k we are now peak fears of collapse and people dead certain it’s all going to end…..

In other words 3 years and not really correct yet and now in a contracting money supply under QT.

Meanwhile anybody who went hard in property and good quality housewares has utterly destroyed anybody in gold. Furniture in my house is 200%-300% more than we paid in 2021. Gold is +20%. Pretty sure even used car prices beat gold lol.

I had made several posts years ago warning of exactly this scenario.

[pamith]

Gold is only of value if you have currency, Currency collapses so does the Gold.

Bro...

[ElPolloSalmonello]

Gold can't go to zero as it's used in aerospace, electronics and other stuff. There's a need for it in industry.

[Dokey111]

You can certainly lose money buying gold if you buy when the price is high.

Know why you are buying gold.  For what purpose.

Flexacon's reasons are the correct ones.

ONLY IF YOU SELL IT

[mphgrove]

I am no huge fan of gold but I have a little bit: about 2 percent of total net worth, or about 4 to 5 percent of financial assets. Gold pays no dividends or interest. It just sits there. But what I have noticed is that when scary things are going on in the world, it goes up. With the latest bank runs and shutdowns, it shot up. So it is kind of like an insurance policy for really bad news the way I see it. But I do not really understand how you would actually pay for everyday things with it if you needed to.