21–30 of 140 posts
What is it about gold, anyways? None of its useful properties were known until recently (and mostly overhyped and upsold tbh, at least as far as those stupid cables go). Are we really just instinctively attracted to shiny metals? Or do people like it as a status symbol? (not to act like im above it all, i still have my gold-plated pokemon jigglypuff trading card from burger king in 1999 and i often use golden paint o…
1) flight from USD assets given views that one cannot depend on US assets as safe havens
2) central banks increasing gold holdings
3) purchases by Chinese investors as they have few places to invest their money
4) concern around debt levels deficits and democratic process ability to fix this
5) concerns around central bank independence, and hence inflation targeting, being undermined for political motivations
I have personally bought a lot of gold after having been a long term US equities investor because of its risk-off and zero duration nature. In a world of stock bubbles, high valuations, and general economic uncertainty, leaning risk-off has been where I currently feel comfortable. In a world of inflation being in zero duration is a sensible place to be.
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Yeah I do not see why this is worthy of interest. Gold is pretty much always appreciating.
Gold has a pretty stable value over long periods of time; the famous quote is: > an ounce of gold in Roman times bought a nice suit, and today, an ounce of gold buys a nice suit. Consequently it's the standard safe store of value investors flee to when the world is in upheaval, a role it has played since well before Roman times. Its price being high is a standard indicator of investors fearing miserable times ahead.…
Earlier quoted context omitted.
I thought gold being high is a "fear" indicator
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Nothing fundamental about gold that links it to greed, just it's value and return.
So yes, it tells you something more than "Amount Of Greed". And that may well be "Fear of losses (or even just reduced gains) in the market"
What is it about gold, anyways? None of its useful properties were known until recently (and mostly overhyped and upsold tbh, at least as far as those stupid cables go). Are we really just instinctively attracted to shiny metals? Or do people like it as a status symbol? (not to act like im above it all, i still have my gold-plated pokemon jigglypuff trading card from burger king in 1999 and i often use golden paint o…
It s superior to currency because while (for example) the US dollar will always have value as long as you pay taxes with it, there is not a limited supply
It is superior to bartering because while (for example) a chicken has value due to its utility as food, it naturally disappears (because you ate it or it died).
Gold and other precious metals sort of sit in the middle ground as the "next best thing" to almost everything that humans want. So it remains a useful means of preserving and communicating value.
What is it about gold, anyways? None of its useful properties were known until recently (and mostly overhyped and upsold tbh, at least as far as those stupid cables go). Are we really just instinctively attracted to shiny metals? Or do people like it as a status symbol? (not to act like im above it all, i still have my gold-plated pokemon jigglypuff trading card from burger king in 1999 and i often use golden paint o…
Earlier quoted context omitted.
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It's an indicator that they think they'll be able to feed more of their greed with $1 of gold than $1 of something else. Nothing fundamental about gold that links it to greed, just it's value and return. So yes, it tells you something more than "Amount Of Greed". And that may well be "Fear of losses (or even just reduced gains) in the market"
What is it about gold, anyways? None of its useful properties were known until recently (and mostly overhyped and upsold tbh, at least as far as those stupid cables go). Are we really just instinctively attracted to shiny metals? Or do people like it as a status symbol? (not to act like im above it all, i still have my gold-plated pokemon jigglypuff trading card from burger king in 1999 and i often use golden paint o…