You'd have $10,000 today.

Hedge against inflation indeed.

if you had invested 10,000 in solar, you would have around 4000...

Gold is always good. The US dollar is headed out the door.

Its not so much a hedge against inflation as it is an easy and portable way to carry something of value that will always be in demand.

Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

If you have one bucket that holds 2 gallons and another bucket that holds 5 gallons, how many buckets do you have?

Gamestop is the new gold.

Martin Q. Blank said:

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If you have one bucket that holds 2 gallons and another bucket that holds 5 gallons, how many buckets do you have?

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Haha

I'll invest in copper plated lead.

If you invested $10,000 in Bitcoin you'd have $32 million

Martin Q. Blank said:

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If you have one bucket that holds 2 gallons and another bucket that holds 5 gallons, how many buckets do you have?

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Cut it out with the common core math. Additionally, most of us aren't container scientists so we can't actually state what a bucket even is. Bigot.

IDaggie06 said:

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If you invested $10,000 in Bitcoin you'd have $32 million

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is 32 million more than 10,000?

Detmersdislocatedshoulder said:

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Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

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Can you eat gold? Will it heat my house? Why does it have value?

The prediction of a complete collapse has been made for quite some time now. All of that spending W and Obama did in response to the Great Recession certainly was going to send us over the cliff.

itsyourboypookie said:

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Detmersdislocatedshoulder said:

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Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

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Can you eat gold? Will it heat my house? Why does it have value?

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In addition to being shiny, it has a lot of industrial uses. But I agree, people should invest in gardening / chickens / firewood in addition to metals for what is likely coming

oil 10 years ago $8000
oil 2 years ago $50,000 plus

Bubblez said:

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The prediction of a complete collapse has been made for quite some time now. All of that spending W and Obama did in response to the Great Recession certainly was going to send us over the cliff.

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Keynesian economics are a ****ing farce. The powers that be are very aware a collapse is on the way and are getting prepared. Go ahead living with your head in the sand though.

Hedge

Bubblez said:

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The prediction of a complete collapse has been made for quite some time now. All of that spending W and Obama did in response to the Great Recession certainly was going to send us over the cliff.

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And every single generation of the dominant species have had "experts" who felt the end times would happen in their lifetimes.

Only one generation has been right, and their fossilized bones are gathering dust in museums right now.

Is it possible spot Gold was overpriced in 2012? Many gold investors thought there was going to be run away inflation with TARP, QE, QE2, QE3 but it didnt really materialize for various reasons.

Bubblez said:

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The prediction of a complete collapse has been made for quite some time now. All of that spending W and Obama did in response to the Great Recession certainly was going to send us over the cliff.

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We didnt understand at that time that the 'spending' was an accounting trick by the Fed to keep banks, brokers, and housing prices from failing. Most of the inflation stayed within the financial markets thus inflating financial assets. It was Trump's and Biden's helicopter drop directly into people's checking account that gave momentum for all the other asset classes to inflate

LMCane said:

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IDaggie06 said:

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If you invested $10,000 in Bitcoin you'd have $32 million

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is 32 million more than 10,000?

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I don't know, I'm not a mathematician.

IDaggie06 said:

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If you invested $10,000 in Bitcoin you'd have $32 $94 million

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wasntme said:

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LMCane said:

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IDaggie06 said:

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If you invested $10,000 in Bitcoin you'd have $32 million

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is 32 million more than 10,000?

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I don't know, I'm not a mathematician.

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Underrated post is underrated

Foamcows said:

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if you had invested 10,000 in solar, you would have around 4000...

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itsyourboypookie said:

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Detmersdislocatedshoulder said:

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Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

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Can you eat gold? Will it heat my house? Why does it have value?

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It has ALWAYS had value. That's why pharos and kings were buried with it, that's why it has always been used as a currency.

Can you eat it? No, but amazingly....with some of it, you can generally procure - or trade, if you will - for something you can eat. Or live in, or defend yourself with, or clothe yourself with, or whatever.

Because it has value.

Bubblez said:

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The prediction of a complete collapse has been made for quite some time now. All of that spending W and Obama did in response to the Great Recession certainly was going to send us over the cliff.

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How's Venezuela doing these days?

DallasAg 94 said:

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Detmersdislocatedshoulder said:

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Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

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So? Two more weeks?!


Been hearing that longer than Covid.

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The question was the value of gold to hedge against inflation. You are correct people have said a collapse could come for quite some time. Eventually those people will be correct. I ask you in 2000 when we had 2 trillion in debt how did you feel. We are now 30 trillion in debt 20 years later. The debt Is impossible to pay off even if we put 100% of our gdp towards repayment. We have a fiat currency that if history proves anything will not last forever.

I agree with other posters that guns chickens ammo food etc is a smart play as is silver. More bang for ur buck and much easier to trade.

That said if u are not willing to prepare them that's on u whether u mock what I say or not.

wasntme said:

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LMCane said:

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IDaggie06 said:

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If you invested $10,000 in Bitcoin you'd have $32 million

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is 32 million more than 10,000?

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I don't know, I'm not a mathematician.

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blue 'chute for you

Quote:

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Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

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When everything collapses (even assuming it does), it will be lead, not gold, that matters.

Bubblez said:

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The prediction of a complete collapse has been made for quite some time now. All of that spending W and Obama did in response to the Great Recession certainly was going to send us over the cliff.

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I bought a fully loaded 4 door F150 King Ranch in 2003 for $30,000. What does one go for today?

Answered my own question: $65,000.

Detmersdislocatedshoulder said:

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Wait until everything collapses and then quote me the price of gold. Precious metal markets are manipulated but when the sht hits the fan the wheels will come off and you will see the true value.

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philosophically , have you ever pondered why/when our ancestors looked at nuggets/ dust they stumbled on and decided that it carried a value greater than any other metal they discovered? It has less practical uses than most metals but it just looks pretty - deep thought of the day

"Gold has never been less than zero." That's what the TV ad that I saw dozens of times. I want investments that will never be less than zero. lol