How the fuck is Gold down as well???
How the fuck is Gold down as well???
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Fed is tightening. Rates are skyrocketing. Assets are crashing. Deflation is happening. Cashbros... we won.
Gold always goes down in a major crash. Peeps sell gold to cover losses and marge
>I'm sure people will invest in the intrinsic value of gold over paying for gas yo go to work.
>t.retard
>1.78%
This would be a bullrun if was bitcoin.
It's almost like all markets are correlated or something
Biggest shake out in history.
Get ready to watch all those vacant jobs get filled REAL quick next year.
The same happenned during covid crash. In the first phase of a stock market crash only dollar is the king
coinlets are now coping with muh but gold is also going down
kys
>Rates are skyrocketing
Kek zoomer detected
>we won
congratulations, your prize is negative 20%p/a
because people are forced to liquidate in a crisis.
look it up.
A lot of assets get their value from ETFs inflows. Right now everyone is redeeming their ETFs and it's bringing everything down in the process. Passive investing and ETF investing is a bubble and will be the major driver of the downward momentum in every asset class that has been made into an ETF (pro tip: it's all of them). Once everyone redeems and is left in cash it will become a stock pickers/individual asset pickers market again and people are going to allocate capital straight up into what they want instead of a basket of bullshit like an ETF. Oil is going to be 2,000+ by the end of summer easily.
need cash for gas bro
Gold is down like 40% over the last ten years when you factor in inflation
>Everyone is a poorfag like me and thinks like a poorfag like I do
Lmao. Kys.
Jews
High inflation ensures everybody loses. Even cashcucks
>wrote all this just to shill oil of all things
That was an autocorrect mistake. Lmao. I meant to say that gold is going to be $2,000 by the end of summer. Come to think of it though, Oil could easily be $200 by the end of the year.