So many cockamamie takes in this thread

Gold isn't an investment. It is an objection to the state of current affairs until a fair investment can be found. OP and so many other good folks have benefited from tidal waves of modern Federal Reserve "hot money" sloshing around and being lent, pumping up bubbles in everything from houses to modern art.

This game will end, and when it does, everything will have a price in gold. You won't be able to count the price in dollars, because it will change every 30 minutes.

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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We may all be dead when that 1/1000 event happens.

itsyourboypookie said:

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You'd have $10,000 today.

Hedge against inflation indeed.

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Now do 1970 to 1981.

jagvocate said:

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Gold Bitcoin isn't an investment. It is an objection to the state of current affairs until a fair investment can be found. OP and so many other good folks have benefited from tidal waves of modern Federal Reserve "hot money" sloshing around and being lent, pumping up bubbles in everything from houses to modern art.

This game will end, and when it does, everything will have a price in gold bitcoin. You won't be able to count the price in dollars, because it will change every 30 minutes.

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FIFY.

jagvocate said:

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Gold isn't an investment. It is an objection to the state of current affairs until a fair investment can be found. OP and so many other good folks have benefited from tidal waves of modern Federal Reserve "hot money" sloshing around and being lent, pumping up bubbles in everything from houses to modern art.

This game will end, and when it does, everything will have a price in gold. You won't be able to count the price in dollars, because it will change every 30 minutes.

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Show me an 11 year span where rents have remained flat.

I'll hang up and listen.

itsyourboypookie said:

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You'd have $10,000 today.

Hedge against inflation indeed.

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If you bought $10,000 in 2015, you'd have $20,000 today. Hedge away!

Edit to add: $10k in 2011 would have purchased 6.532 oz gold based on average of $1531 per oz. Current spot price of gold is $1,921/oz, so the OP is factually inaccurate. But we all knew that. Also, spot price versus physical is different (spot lower vs physical).

Science Denier said:

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100,000 in crypto would be over a million.

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And new taxes on the horizon…

I tell you, government cannot leave any good thing untaxed.