Uhhh why aren’t boomer rocks mooning? Isn’t this their environment?

Uhhh why aren’t boomer rocks mooning? Isn’t this their environment?

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>down 2%
>meanwhile your crypto ponzi down 300%
cope zoomer

gold is also a scam

>>Down 300%
Come back a few years later, when you are paying your own bills!

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Watch and learn

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Bitcoin isn't a hedge against inflation though. I'm not sure if it's supposed to represent the position you would be in if you had bitcoin, which is retarded because bitcoin has tanked, or if it's to show that bitcoin won't help in the event of inflation; which is more factually correct.

yeah but it was only up 2% for the last 10 years.

Days like this when the market is selling of everything in a scramble for USD, boomer rocks are going to sell off too.
Completely expected.

>inb4 cope
>inb4 they will never go up
>inb4 derivative market manipulation can be maintained forever

I still believe when this entire debt bubble unwinds, precious metals will emerge as the winner.
Or maybe I'll be wrong.
But at least I'll have a bunch of pretty shiny coins.
You will have 1's and 0's on a hard drive that nobody wants or cares about.

Gold bounced off its ath like 4 months ago what are you even talking about

It's a hedge against inflation and economic uncertainty, which it is doing its job. It's not supposed to moon.

The environment for metals is actually
total hyperinflation and destruction of society

difference is it took 10 years of growth to make that 2%. lmao. crypto is down 300% but it is still up 1000% on a 5 year chart

literally nothing makes sense

I'm convinced that everything is rigged

this user is correct
however to think that the "market wide sell off" excuse isn't some shit they pull to assist with the
>inb4 derivative market manipulation can be maintained forever
then you are retarded because thats why they are dumping.

but you are correct PMs will be a winner
the only question is if global homo will push the population towards crypto after everyone's portfolios are rekt and metals can moon without people having valuable assets to sell for gold (and silver and platinum)

Inflation says hi.

All markets are dominated by huge pools of capital like funds with risk managers and investment officers. Then financial conditions tighten and they have to sell some assets to keep their portfolios in balance due to their mandate. Then they sell whatever is needed to balance, including gold. All financial assets are much more correlated than people think and when liquidity dries up everything comes down together. This already happened in 2008-2009.

Those with cash need to keep an eye out for good companies getting oversold because the selling has nothing to do with the fundamentals of the companies. So there are going to be incredible bargains but not yet, more towards the autumn.

gold isnt to make money. its to hold value so you dont lose it

> literally nothing makes sense
> I'm convinced that everything is rigged
pick one

why is bitcoin dumping everday? muh inflation hedge

kek

in the 'flash crash' type of scenario where everyone is scared, people always dump their paper metals contracts for liquidity.
see the covid crash. the market for the physical metals was hotter than ever and prices stayed pretty high, but SLV and GLD flash-dumped.

until people think of liquidity in terms of gold
(or some other asset) as the dollar will soon become significantly less liquid as it loses reserve status

gold is down 3% year over year
so you have lost 3% + 8,6% inflation

It's a investment for decades, cryptozoomer