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re: gold is a hedge against inflation!
Posted on 9/30/26 at 1:19 pm to dickkellog
Posted on 9/30/26 at 1:19 pm to dickkellog
This would be the same when the stock market takes a dip, but if you look at a longer period you would see it was worth holding and not freaking out.
Posted on 9/30/26 at 1:20 pm to dickkellog
quote:
oor grammy her gold has fallen over $1000.00 an ounce ytd.
You should probably check your year to date data.
Gold on Jan 2 was $4332. it is currently $4150.
That does not equal $1000 year to date.
on 9/30/25 is was $3858.
The high for the year is $5417, but that is not YTD as you imply...
Posted on 9/30/26 at 1:23 pm to dickkellog
Your maw maws a dummy
I’ve been filling empty milk jugs full of gas and storing them in the garage. The price keeps going up
I’ve been filling empty milk jugs full of gas and storing them in the garage. The price keeps going up
Posted on 9/30/26 at 1:28 pm to dickkellog
quote:
poor grammy her gold has fallen over $1000.00 an ounce ytd.
grammy's gold buys $141,00 less stuff this morning than it did last night!
ron paul says in today's uncertain world you should buy gold!
Has nothing to do with inflation. Gold's dollar value has simply gone done this year. As has Silver's.
Nor is it really much of a hedge against normal inflation per se. Example: Inflation increases a little more rapidly usual, and the spot price increases 15% so you decide to sell some gold to a dealer. You will have gotten more USD per ounce, but that USD has less buying power due to inflation. The real value to having gold is for when SHTF - when the dollar totally crashes and hits hyperinflation status.
Posted on 9/30/26 at 1:30 pm to dickkellog
quote:
gold has fallen over $1000.00 an ounce ytd.
So you're saying buy on the dip?
Posted on 9/30/26 at 2:47 pm to Red Stick Rambler
I’m accumulating …. junior miners are hurting right now since one of their biggest expenses is diesel fuel. Yet the thirst from central banks is unrelenting.
GDXJ has been very, very good to me on several runs over the past 8-9 years. Earlier this year I took profits at $141-$144 ….. and lately I’ve been building another position through DCA at $100 +/- 9%.
It’s currently at $114, so I’m watching for opportunity to add more.
When the global price of diesel drops - and it will - the miners will be running with the bull, IMO.
Yes, in a way it is paper, but GDXJ analysts can focus on the constant chaos in the junior sector way better than I can as an individual.
Long gold, $5k by 26YE …. IMHO
GDXJ has been very, very good to me on several runs over the past 8-9 years. Earlier this year I took profits at $141-$144 ….. and lately I’ve been building another position through DCA at $100 +/- 9%.
It’s currently at $114, so I’m watching for opportunity to add more.
When the global price of diesel drops - and it will - the miners will be running with the bull, IMO.
Yes, in a way it is paper, but GDXJ analysts can focus on the constant chaos in the junior sector way better than I can as an individual.
Long gold, $5k by 26YE …. IMHO
Posted on 9/30/26 at 2:54 pm to dickkellog
Let me guess, Gold man bad?
Posted on 9/30/26 at 2:57 pm to dickkellog
Value determined by weight, supply and demand...toilet paper would be a better hedge against inflation than gold. Assuming dysfunction and collapse of the money system and basic goods and services infrastructure.
Hell, just imagine when AI figures out how to manipulate Molecules into Gold.
Hell, just imagine when AI figures out how to manipulate Molecules into Gold.
Posted on 9/30/26 at 2:57 pm to kingbob
quote:
more stable than treasuries, stocks, or real estate
The somewhat similar performance between gold and equities is much different than the historical norm. My opinion is that correlation has a lot to do with two factors:
Fiat currencies and manipulation of markets and more widespread distrust in traditional asset classes
Posted on 9/30/26 at 3:04 pm to dickkellog
quote:
and now it's down 20% in one year, gold is seen as a hedge against inflation due to the stability of it's price.
What chart are you looking at? I don't see gold DOWN 20% in 1 one year per your statement.
Posted on 9/30/26 at 3:07 pm to TigerDoug
quote:
What chart are you looking at? I don't see gold DOWN 20% in 1 one year per your statement.
dickkell uses swine math
This post was edited on 9/30/26 at 3:29 pm
Posted on 9/30/26 at 3:14 pm to bbvdd
quote:
dickkellog, You should probably check your year to date data. Gold on Jan 2 was $4332. it is currently $4150. That does not equal $1000 year to date. on 9/30/25 is was $3858. The high for the year is $5417, but that is not YTD as you imply...
See dick reach
See dick fall
See dick fail
Don’t be a dick
Posted on 9/30/26 at 3:14 pm to TigerDoug
quote:
What chart are you looking at? I don't see gold DOWN 20% in 1 one year per your statement.
He doesn't know what year to date means.
Posted on 9/30/26 at 4:20 pm to beulahland
quote:
Silver will buy food. Gold will buy life. --Jewish proverb
That’s what THEY waaaant you to believe. Amarite?
Posted on 9/30/26 at 5:29 pm to rltiger
D)-Working 40 gallon still with 20, 1 gallon glass jugs.
Posted on 9/30/26 at 5:47 pm to BuckeyeGoon
quote:
If we get to the point where paper currency collapses, our society will be in complete chaos and no one will care about shiny metal.
Can you name a time in recorded history in which no one cared about gold?
Posted on 9/30/26 at 5:55 pm to dickkellog
quote:
ron paul says
quote:
buy gold!
I lost my shirt -- this past weekend, picking A&M to cover the 8.5 point spread. Could Ron Paul's exhortation prove more lucrative?
Posted on 9/30/26 at 8:54 pm to Red Stick Rambler
quote:
So you're saying buy on the dip?
well this isn't a dip it's a correction, but if you still believe in the fundamentals of gold by all means double down..
Posted on 9/30/26 at 8:58 pm to Penrod
yes between 1934 to 1970
Posted on 9/30/26 at 9:02 pm to bbvdd
quote:
He doesn't know what year to date means.
quote:
He doesn't know what year to date means.
The current spot price of gold is approximately $4,155 to $4,190 per troy ounce, with an all-time record high reaching $5,589.38 per troy ounce in January 2026.
are you some kind of a retard?
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