Gold has intrinsic value. It's in our Christmas songs, video games from Mario Brothers to Fortnite; in the Bible as the Golden Calf and other places. It was the basis for all currency as the "Gold Standard," and has entered our language as an idiom. We even have beer named after it. It's accepted in all countries around the world. Silence is golden. Women love gold jewelry... again to the Bible the gave Rachel a thick gold bracelet as an engagement gift back to Joseph. Its given as a wedding gift in India, and it is historically the best form of wealth a woman could own. Give a woman gold and she will appreciate it. I could go on and on... the point is that gold is unique in this world.. it has an almost spiritual value.
Dozu888 knows how the markets work. If you continue listening to the ET trolls, you might as well slash your own throats now. The hedge funds, banks, brokers, big traders love taking your monies. You are headed to bankruptcy guaranteed.
The History of Gold - From 40,000 B.C. To The Present new windowpreview Date: 2020-03-05T11:55:00 Whyis goldvaluable? This simple question comes with a complex answer. There’s no single reason why gold has been seen as an exceptionally luxurious metal throughout all of human history. However, the high value of gold is generally accepted to be the result of a combination of factors. Reasons why the price of gold is high include: https://bebusinessed.com/history/the-history-of-gold - Yippy Index V What Makes Gold So Valuable? - YouTube new windowpreview Date: 2020-03-01T03:22:00 Gold is seen as a valuable metal world wide. Where did this idea originate and how much is it worth today? How Do You Know If Your Money Is Fake? http:/... - Yippy Index V Why Has Gold Always Been Valuable? - investopedia.com new windowpreview Date: 2020-03-03T23:06:00 Why Has Gold Always Had Value? Some people argue that gold has no intrinsic value , that it is a barbaric relic which no longer holds the monetary qualities of the past. https://www.investopedia.com/.../why-gold-has-always-had-value.asp - Yippy Index V 8 Reasons To Own Gold new windowpreview Date: 2020-03-04T22:06:00 Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first ... https://www.investopedia.com/.../basics/08/reasons-to-own-gold.asp - Yippy Index V Why do we value gold? - BBC News new windowpreview Date: 2020-03-05T20:45:00 That's why we place particular value on gold. It turns out then, that the reason gold is precious is precisely that it is so chemically uninteresting. https://www.bbc.com/news/magazine-25255957 - Yippy Index V Whyis Gold So Valuable? Suppressed History Anunnaki ... new windowpreview Date: 2020-01-08T13:13:00 Whyis Gold So Valuable? Suppressed History Anunnaki Connections Sean Logan. Loading... Unsubscribe from Sean Logan? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 14.2K. ... - Yippy Index V Gold - Wikipedia new windowpreview Date: 2020-02-08T05:52:00 Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. https://en.wikipedia.org/wiki/Gold - Yippy Index V Whyis gold considered so valuable. It is not the rarest ... new windowpreview Date: 2020-03-01T06:03:00 Whyis gold considered so valuable. It is not the rarest metal, it is not the most useful, so why the worship of this yellow metal. Brian Robinson, Brentwood Essex. https://www.theguardian.com/notesandqueries/query/0,,-194047,00.html - Yippy Index V Gold as an investment - Wikipedia new windowpreview Date: 2020-02-28T05:53:00 Gold attracts a fair share of fraudulent activity. Some of the most common to be aware of are: Cash for gold – With the rise in the value of gold due to the financial crisis of 2007–2010, there has been a surge in companies that will buy personal gold in exchange for cash, or sell investments in gold bullion and coins. https://en.wikipedia.org/wiki/Gold_as_an_investment - Yippy Index V Gold and the Economy new windowpreview Date: 2020-03-05T13:30:00 The gold standard is when countries tie the value of their currency to gold. They are willing to redeem that currency for its value in gold. The gold standard allowed lightweight paper currency to be used for trade, instead of heavy gold bullion. In addition to making purses, and pockets, lighter, the gold standard allowed global trade. https://www.thebalance.com/gold-and-the-economy-3305655 - Yippy Index V What Makes Gold SoValuable? - Seeker new windowpreview Date: 2020-02-22T19:05:00 What Makes Gold SoValuable? ... It's been used as currency throughout history: the earliest known use of gold coins goes back to ancient Egypt, circa 500 BCE. ... why is gold the one we associate ... https://www.seeker.com/what-makes-gold-so-valuable-1792697932.html - Yippy Index V Gold in Antiquity - Ancient History Encyclopedia new windowpreview Date: 2020-03-05T17:58:00 Gold, chemical symbol Au (from the Latin aurum meaning ‘shining dawn’), is a precious metal which has been used since antiquity in the production of jewellery, coinage, sculpture, vessels and as a decoration for buildings, monuments and statues.. Gold does not corrode and so it became a symbol of immortality and power in many ancient cultures. Its rarity and aesthetic qualities made it an ... https://www.ancient.eu/gold - Yippy Index V UCSB Science Line new windowpreview Date: 2020-02-22T08:37:00 This is the most important quality. Gold can only be produced in limited quantities, currently at a peak rate of about 2,500 metric tons, or roughly 2%, each year. No matter what wars or social programs urgently need funding. You must also remember that gold is not valuable to all cultures. The Maya had plenty of gold but didn't value it highly. scienceline.ucsb.edu/getkey.php?key=927 - Yippy Index V
1 Kings 10:21 ESV All King Solomon's drinking vessels were of gold, and all the vessels of the House of the Forest of Lebanon were of pure gold. None were of silver; silver was not considered as anything in the days of Solomon.
Let's use the conjecture that 1 in 10 makes money in stock. From this, we can conclude that few makes money. So, popular decision or following the crowd do not make money.
When those in media induce panic and retail traders swallow that, hook, line and sinker, you do not have even a 1% chance of coming out ahead. Hedge fund CEOs, banks, brokers love to take that easy monies. A friend, who is a doctor lost $50,000 from her retirement account, chased it back up to correct her error supposedly, now got walloped again, and lost some more. Had 4 open trades which I shared with her, 2 losers, 2 winners but, 1 ended up a huge winner (248%), 1 ended up moderate winner (72%), the other 2 were losing trades (let us just say 100% total losses). So, what does she do? She sells all her positions without even looking at the stockcharts and maybe, made $100 on the big winning trade. So, she ended up losing most of her monies on the 4 trades even though, she should have come out a decent sized winner overall as I did. Once, she joined the panic and hysteria, she never had a chance to come out ahead.
Markets are very predictable. All excesses regress to the mean, but before the regress to the mean it reverts to the other excess. The excess is driven by accounting as it always is. The pendulum swings back & forth. Financial markets do not follow a bell curve. Instead, they operate in the world of fat tails, exhibiting large skewness. Extreme events (high standard deviation or “sigma” moves) are much more likely to occur than a normal distribution would predict. Speaking of fat tails:
In fairness to DOZU, he has been right up until his “SECOND MORTGAGE” your house call which coincidentally was a couple of days before the recent tank. Had you bought or cost avg’d into his call when he first called it out (running out of shares thread, I think ) you’d be up huge. Biggest wins are when conviction overrides risk. Lol.
Everyone's a genius in a bull-market... until it ends. Not to be trite, but the old adage still applies. Uber-drivers, shoe-shine boys, and second mortgages.... sure sign a correction is in the works. Dozer might be right, and he probably is long term... I mean look at 50 year chart... but its greed, lack of diversification, the indiscriminate use of leverage, and the resulting sting of those 20% corrections that ultimately wipes a bunch of Johnny-come-lately, get rich overnight types out. The more markets change, the more they stay the same.