Precious Metals

[vand]

Well the fact that a corrupt government made it illegal to hold gold during an era where wealth confiscation was conducted in plain sight- and thus eliminating 50 years of data from the modern record - is more of a argument to hold some than not ,some would say.

Why is the government's capability to easily confiscate an asset (and precedent for having done so in the past) an argument for owning that asset?

If anything it seems like that history should be an argument against putting too much of your wealth where previous precedent for government seizure exists.

Taxes and inflation perform the same function now in an elastic monetary system.

[vand]

Gold broke new all time highs yesterday.
No one noticed.

[2Birds1Stone]

Gold broke new all time highs yesterday.
No one noticed.

Yes, let's pretend inflation isn't a thing.

[vand]

Gold broke new all time highs yesterday.
No one noticed.

Yes, let's pretend inflation isn't a thing.

It's definitely a thing.. but let's just pretend you can print more gold.

[waltworks]

Gold broke new all time highs yesterday.
No one noticed.

Yep, the kids these days just care about bitcoin.

You can't snuggle up to a bunch of ones and zeros, or bask in their warm golden glow. Or bury them by the big tree in the holler. Pfah.

-W

[ChpBstrd]

I think when the inflation of 2021 broke out, everyone piled into housing more than gold because you can leverage your housing down payment 10:1 or 20:1 but there are no US-government-subsidized mortgages on gold.

I mean, GLD is up 13% YTD but the people putting down 3% or 6% on houses that were appreciating at a double digit pace were earning a much bigger premium on inflation, even after paying PMI.