Do we short gold at $1344?

[RoyBacon]

GLD puts maybe?

Going back to the mid $1200's with rising interest rates?

[magaman]

shorting gold is unwise at any time... shorting costs money, and of course unlimited risk. Two things you do not want to do against gold. Puts maybe I guess... but I don't know why.

Go long on BTC.

[flyingillini]

Gold is an old mans investment

[jjgold]

Roy be safe

Short Call Verticals or micro futures contract...$10 per point or finally do the ETF GLD

Defined risk and not a lot of money

[Dilo]

Isn’t there a lot of short money on gold already

[Otters27]

Why is gold on the rise anyway?

[Git Lo]

Why is gold on the rise anyway?

Because the dollar is ultra weak. Last year was the worst year for it since '03 and right now is the worst start of the NY since '03.

[A4K]

GLD puts maybe?

Going back to the mid $1200's with rising interest rates?

Already priced in. Bear Call Spreads may not be a bad idea if you can collect a hefty premium.

[teecee]

Gold is back to $1344? Great, now I'm going to start seeing/hearing a shit-ton of commercials telling me I NEED to buy gold. Okay, if everyone needs gold why the fukk you trying to get rid of it?

[teecee]

Btw, who even has gold anyway? Just a series of damn numbers on a computer that say I have "this much gold." Where's my physical gold? Why is everything fake nowadays?
I'm going to start selling "Playstations," but don't be surprised when I don't actually send you one. It's a "paper" Playstation. People need to stop selling shit they don't have.

[RoyBacon]

Gold

$1,356.60 up $17.00

Guess not

[gauchojake]

You should be buying as much gold as you can.

[flyingillini]

copper is the way to go

[jayc88]

Btw, who even has gold anyway? Just a series of damn numbers on a computer that say I have "this much gold." Where's my physical gold? Why is everything fake nowadays?
I'm going to start selling "Playstations," but don't be surprised when I don't actually send you one. It's a "paper" Playstation. People need to stop selling shit they don't have.

LOL you have absolutely no idea, stick to betting 18 year old college kids

[teecee]

When you buy gold, do you get gold?

[teecee]

Betting on 18 y/o kids is a hobby, not an investment.

[gauchojake]

Manganese. Most people don't even know what that is.

[flyingillini]

Manganese. Most people don't even know what that is.

Gaucho, I always knew I liked you. You are an intelligent hombre!

[ByeShea]

You should be buying as much gold as you can.

Unlike the USD gold retains value, so it's great vs. the dollar and a safe asset. So buying gold is a good strategy - but don't invest in gold with hopes of return. It's not going anywhere until the stock market tanks.

Never be the guy trying to pick the top (or bottom) of a market.

[teecee]

Gold goes up and down just like any other commodity. How does it hold it's value?

[jjgold]

keeps going up

today huge again

[RoyBacon]

You should be buying as much gold as you can.

I buy the coins. Of course it's dead money but that's OK.

I would not buy at this price.

4,000 years ago you could buy a prize goat with 1oz of gold. You can still buy a prize goat for 1 oz of gold. There is no doubt gold holds it's relative value. BUT, it can go decades without moving. It can and has had extremely long stretches where it losses value, like 50 year bear markets.

So not for everyone. Depends on age, current price, income and existing investments one has.

[A4K]

I think the markets continue to breathe until Friday. Gold should keep rising as the markets retrace a bit.

[Otters27]

What is year end forcast for gold price. 1500?

[magaman]

Gold is NOT an appreciable investment!!! It never has been, and it never will be. It is a great hedge vs stocks and to NOT LOSE value keeping your capital in USD.

One ounce of gold will buy you today approximately what it would have bought for you 20 years ago and 100 years ago.

https://seekingalpha.com/article/59244-value-of-gold-over-the-ages

[magaman]

Most people are too damn stupid to understand this. They look at the price of gas or homes or cars or whatever.... and they know that it has all gone up ALOT over the past 50 years. That is because the value of the dollar has fallen bigtime. Someday (in our lifetime) the USD will crash and be worthless. This is FACT - and it will play out. You would be wise to be holding gold rather than a fat bank account in USD.

But that does not mean your investment in GOLD will appreciate. Yes someday in the future one OZ will be $30,000 but that does not mean a damn thing other than the strength of the USD has fallen

[jjgold]

its not a great hedge right now

Both stocks and gold going up at same time

Correlations change all the time

US Dollar is suppose to go up when interest rates inch higher and it is the complete opposite right now

Be careful

[RoyBacon]

Most people are too damn stupid to understand this. They look at the price of gas or homes or cars or whatever.... and they know that it has all gone up ALOT over the past 50 years. That is because the value of the dollar has fallen bigtime. Someday (in our lifetime) the USD will crash and be worthless. This is FACT - and it will play out. You would be wise to be holding gold rather than a fat bank account in USD.

But that does not mean your investment in GOLD will appreciate. Yes someday in the future one OZ will be $30,000 but that does not mean a damn thing other than the strength of the USD has fallen

There is some truth in your post.

Gold was $25 an ounce in 1960, now it's $1350. It only seems like gold has gone up, it hasn't, rather the value of the dollar has gone down.

$30,000? Not seeing that. But we probably see $3000 in the next 6-10 years.

[magaman]

There is some truth in your post.

Gold was $25 an ounce in 1960, now it's $1350. It only seems like gold has gone up, it hasn't, rather the value of the dollar has gone down.

$30,000? Not seeing that. But we probably see $3000 in the next 6-10 years.

I'm not making any predictions with a time frame... it will be $30k at some point... and a new car will cost $1MM and a new cell phone will cost $20k. The USD is headed towards ZERO value in our lifetime. Book it - nobody can predict when that will happen.

[Snowball]

The USD is headed towards ZERO value in our lifetime. Book it - nobody can predict when that will happen.

I can.

When you die.

[RoyBacon]

Safe to say you are a younger fellow.

[The Kraken]

I've got a bunch of gold buffaloes in a safe, was always my preferred coin

[RoyBacon]

I've got a bunch of gold buffaloes in a safe, was always my preferred coin

Love those. Got that rough and kind of sharp edge.

A little known fact is US minted coins are considered currency. Foreign minted coins are not. Currency is better.

[The Kraken]

Love those. Got that rough and kind of sharp edge.

A little known fact is US minted coins are considered currency. Foreign minted coins are not. Currency is better.

A little known yet quite important fact

[jtoler]

Sell all your gold and purchase bitcoin.