A year later and the price of gold hasn't improved. What gives?

submitted by JasonCarswell from goldpriceoz.com

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[–]Noam_Chomsky 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 3 fun -  (1 child)

They're keeping it artificially low, so they can push the crypto PsyOp.

They want the uninformed public to support crypto, so they can bait and switch with central bank digital currencies.

You'll be glad you have it. Ask anyone in Turkey.

https://www.reuters.com/markets/europe/free-falling-lira-puts-turkey-balance-payments-danger-2021-11-24/

Edit: Also, Canada has zero gold reserves.

http://www.goldtelegraph.com/canada-has-no-gold-but-a-mountain-of-debt

It's plausible that you may have more gold than the Canadian govt.

Edit 2: Fortunately, gold coins are dense and small.
You should practice hiding it in your ass.

[–]JasonCarswell[S] 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

But I need a new PC and some servers NOW though.

The coin is on a gold necklace in a gold frame fringed with spikes, like sun rays or flower petals. It won't be a smooth fit, butt I like it rough.

[–]JasonCarswell[S] 4 insightful - 4 fun4 insightful - 3 fun5 insightful - 4 fun -  (12 children)

A year ago folks were saying I should wait a year so I could get 10x.

A year later and an ounce of gold is still under $2K.

So much for disaster capitalism.

[–][deleted] 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

It's totally manipulated to hell. But "sometime soon" a big economic upset is going to show up. It's taking longer than I thought but timing these things is downright impossible. It's when "they" choose to let the market loose from their grasp.

[–]Canbot 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (3 children)

Do you have physical gold?

[–]JasonCarswell[S] 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (2 children)

1 Russian Krugerrand with a gold frame and chain that my grandmother used to wear. I was waiting to get $2500, but it's been a year and it's barely budged, with an ounce still under $2K.

[–]Noam_Chomsky 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Russian South African Krugerrand.

Also, I doubt SA will be making any more of these in the foreseeable future.

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Right! I knew that. Not sure how I slipped that up.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (6 children)

Dude, I hope you remember I told you to sell sell sell. Gold was at a 10yr high.

Sell that shit and put the money into something with better growth potential.

[–]Airbus320 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (1 child)

Crypto is a scam, buy sugar, coffee, corn etc

[–][deleted] 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

Scam or not there's lots of money to be made there.

[–]JasonCarswell[S] 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (3 children)

I don't recall that. Either you or Noam/Tom said it would be x10 in a year. I was skeptical then, turns out I'm right. It still makes no diff. It's still the same. Would have been nice to have put it in BitCoin a year ago, but I wouldn't have. I would have bought a new computer and a server or few - then as now.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

I said sell, you can go look. I don't know if you know this about me, but I'm always right.

[–]JasonCarswell[S] 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (1 child)

You can be right, or you can be correct.

[–]IkeConn 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

Rich people are buying property instead.

[–]fschmidt 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

https://saidit.net/s/investing/comments/8hd6/why_hasnt_the_price_of_gold_been_going_up/

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

https://www.equedia.com/the-gold-and-inflation-peg-is-wrong/