Why is gold doing so shitty?

Discussion in 'Commodity Futures' started by SoyUnGanador, May 15, 2022.

  1. Gold should be higher as dollar might be strong RELATIVE to other currencies now, but its buying power has seriously eroded and it will erode further no doubt. The libs and this stupid Admin. and other spokesholes cannot understand printing money = inflation!
     
    #41     May 17, 2022
  2. SunTrader

    SunTrader

    What do you think tRumpAzz was doing when he was in office, 2 stimmies, useless tariffs on China driving up cost of imports, nonsense border wall and idiotic Space Force. Got the idea, for the last one, from Mel Brooks no doubt.
     
    #42     May 17, 2022

  3. I dunno MrMuppet, while you have convinced me that no country is ever going back to the gold standard, everything else you said to me indicates to much printed currency and not enough gold, hence a good long-term prognoses for gold, at least vis-a-vis the printed currency. But I completely follow what you are saying, much thanks.
     
    #43     May 17, 2022
    MrMuppet likes this.
  4. Every time the idiot in the white house shines with dumbass comments (boy, this new spokeshole is one stupid bitch) the moron libs bring up Trump! I never said Trump was a fiscal conservative! But we had a crisis of Covid!
    Both parties in the House and Senate are guilty of spending your kids and grandkids wealth. I am 65 so I do not give a fuck, but Senile Biden denies it all. Do not bring up Trump, Obama or Bush! The spinsters left loves distraction and blame others. Never accept the blame for fucking up. Nobody has fucked the US as bad as this senile old biden. If he was a mortician people would not die.
     
    #44     May 17, 2022
  5. Overnight

    Overnight

    How much is BTC worth in gold, or vice versa, without equating it to the USD?

    Can anyone answer this question?

    I did not think so.

     
    #45     May 17, 2022
  6. xandman

    xandman


    That's easy. Don't you have internet?

    https://www.longtermtrends.net/bitcoin-vs-gold/
     
    #46     May 17, 2022
  7. Overnight

    Overnight

    No, I do not have internet. I did not know that I can trade my BTC to buy gold and get gas at the pump with it. Because the proprietor at the gas station did not ask me to pay for my gas with BTC or gold, he asked me to pay in USD.

    Please help me, I am lost without USD.
     
    #47     May 17, 2022
  8. MrMuppet

    MrMuppet

    thing is, in order for the gold price to go up, someone has to buy it...and I don't mean retail. It has not happened so far although we've seen basically perfect conditions for gold: Inflation, war and a global pandemic. If that doesn't boost gold, I don't know what will
     
    #48     May 18, 2022
    Ed48 likes this.
  9. SunTrader

    SunTrader

    Yea Biden is "the dumbest" ... until the next dumbass. Then that person will be the dumbest .... until the next dumbass until .... Except no one IMO will ever top "a very stable genius" tRump.
     
    #49     May 18, 2022
  10. SunTrader

    SunTrader

    And the USD is lost without the Military Industrial Complex ummm supporting it.
     
    #50     May 18, 2022