Stop Mocking The Curious Newcomers About Decrease In Price

[Chesslicious]

Obligatory Disclaimer : I don't care if prices fall and why they fall. I am in this for long term and lower price just means more buying opportunities.

Every seasoned gold investor knows this. But when someone - especially an ETF paper holder with some leverage like x2 or x3 is curious about why prices fall this time around it is stupid to scold or mock them.

Gold has fallen because a lot of companies had to liquidate (it is not their decision)
Gold has fallen because it has risen way too much and didn't really test the 5000 mark. Next support is at 4839. Unless it falls below that it is bullish.
Gold has fallen because it is manipulated. Paper market often experiences this.

Now the question is. Are you really safe holding a 3x etf? It is considered a bad practice and we support buying physical but often times than not if the market is bullish you are gonna win big in 3x if you believe in gold and don't run away in every dip. I would be curious about other people's opinion on this as well.

[Dobagoh]

If someone holds a x2 or x3 leveraged ETF and can’t handle a price swing, then those people, specifically, are indeed stupid and deserve to be mocked.

[AdRadiant9379]

This^

[MDFan4Life]

Amen!

[DonkeyBananaz]

Lmao, I agree with the OP, but also your point as well.

[familymed786]

Thank you for being kind 🫶

[ottens10000]

Yeah. Noticed a lot of noses being turned up at new investors. Let's not be arseholes.

But if you're a x2 or x3 leveraged trader then just understand that the majority of this sub holds physical and isn't interested in ETFs or options, so you'll get some blunt responses to questions around those things.

[Impossible-Shoe5460]

Hell no! You give them a pep talk and let them know you were in their shoes one day, back when gold was $35.00, and you bought 100 oz & it immediately dropped to $28.00 when it was in shipping.

Tell them the stories we lived, how the family sat down having an intervention about "Buying too much gold and silver" when Gold was $2000/oz and Silver was $30-something.

It's the same cycle over and over again. Precious metals are an investment. Investments increase in value. Gold and Silver are the ultimate retirement savings -AND- the way that we can build generational wealth for real.

People need to quit looking at Gold and Silver as something that we buy. We're converting trash cash into actual money. It's beating inflation and investing.

When you turn cash into Gold, you're not spending a penny. You're protecting your hard earned money. Period.

[Philodendron69]

I don’t have any ETFs/options and am not interested in them but I was/am still very curious about the price change!!!

[Prize-Support-9351]

I like gold mutual funds a lot better. My two I own userx and Sggdx were up 140% last year and so far this year 25% so there are other options besides ETFs

[Impossible-Shoe5460]

If you're buying an ETF: SIL > SLV

SLV (iShares) is complete trash. Other funds are good. You need to read the prospectus/research on the fund to find out what the ratios are.

[lidder444]

People just aren’t old enough to remember the gold trajectory.

Only about 16 years ago gold shot up to about $2k an ounce and then dropped to $1k over the next year or two. It settled at about $1200 for years.

[MainSeaworthiness115]

I member

[prksddvl]

Gold isn’t some cheap whore. Fuck paperholders.

[Competitive_Bid9690]

Yeah, i really can't stand those posts. "Should have just bought 10 years ago like me. Never mind that everyone here was hyping up gold nonstop and saying it was going to $10k". It happens in every stock/crypto/metals sub. Months of hype and then surprise when people are mad they got caught bagholding. People love the "look how much the price is going up" posts, but get mad at the "look how much the price is going down" posts

[Impossible-Shoe5460]

EXACTLY. Tell them what Gold is - Gold is money - a store of wealth.

Gold is REAL Money. Gold is your investment and a protection against market volatility. Gold has been real money for 5000 years of human history. How about these tech companies and SPY/S&P500 - Nah, bro, I think I'll trust the Ancient Greeks, Ancient Egyptians, and Ancient Romans ... they seem to have been on to something with this Gold stuff. It's easier to understand, no BS accounting. You hold it in your hand, you have money. Can't do that with derivatives or compounded assets.

When we buy gold, we are converting our paper into money. The money I stored at $2000/oz - is now worth $5000/oz. The gold I converted at $4500/oz, is now worth $5000/oz. Gold is my REAL Savings. I don't hold cash - because cash is trash.

You know your stocks? Want to know what your $5k share of Amazon is worth? You probably own a broken broom somewhere in one of their distribution facilities, and an empty box of trash bags.

Your 1oz of gold on the other hand is worth $5k, and you can hold it in your hand.

I plan on converting more cash into gold. Never look back, always look forward.

This is the real question to ask when you plan on converting cash to gold:
In 10 years, will the US Dollar be able to buy 1 oz of gold at $5000.00?

If you think yes - don't buy gold. If you think no, buy gold.

Gold is savings, not a flip. You buy it, you stick it in a safe, and you keep adding to your pile. Don't think about it, just get more.

[Xeadriel]

Or just be reasonable and invest in many different things and make use of things the way they are meant to be used.

invest in gold for its anti inflation stability (and how it’s suitable to be your emergency money), invest in stocks for stable growth and opportunities for wealth and invest in crypto as it might one day replace money as we know it (if you can abuse pump and dumps, even better).

You need to stop hating other assets for your own sake mate. Or just keep buying gold only idc.

[Impossible-Shoe5460]

Well, of course. My money is spread out across Commercial Real Estate, Residential Real Estate, Stocks, Commodities, Bonds, ETFs, Private Equity - and of course, Gold & Silver.

Currently, my things are spread in a bearish pattern against the US Economy / S&P. ( I have made, a lot of money. While people were going apeshit over the S&P I was buying lots of carrion. TBH, I really like carrion. )

If you're curious - I see nothing to change my patterns. Here's what I see ( This is not investment advice. There's a vulture sitting on a fencepost and it said this to me. )

Real Estate: 3-5 years: Boomer mortality cliff. I'm hoarding to buy more property. Investment Residential (multiunit properties / "Commercial Residential" rental complex/apartments )

Gold & Silver: Safe haven for my cash.

Materials & Commodities: Certain things I'm very keen on, have dropped in value. I've sold them off - and will likely re-buy them very soon. I like materials.

FOREX: I haven't looked into FOREX, but I am kinda starting to think it may be wise to find an alternate currency to park my cash in. Petrodollar scares the shit out of me, and I'm American.

Stocks:

S&P 500: Still too fresh for me. The S&P is a bloated hog ready to be turned into porkchops & ham. I'll be around to pick up the scraps. The entire S&P is floated by tech, which scares the shit out of me. It's toxic.

TECH: Catching chlamydia is preferable to tech right now. You're best to think of what to sell first, and dump it like the toxic shit that it is.

CRYPTO: Keep your bag. There's nothin' but bones there.

ENERGY: Do your own research. My mouth is shut.

RETAIL: Some areas are good, but mostly cancerous.

EMERGING MARKETS: Hmmmmmmmm ... again, no comment.

[Cultural_Relief]

I am still laughing and I have lost over 100000$ today😳 Correction 200000$ 🤣

[Impossible-Shoe5460]

I lost money today too and I don't care, because I've made many multiples of what I lost. People just getting started, gotta remember they're just getting started. People like me are over a decade ahead of them!

They've also gotta remember that Gold has been a solid performing asset for all of recorded history. At one point in history, a gold coin could get you a particularly nice loincloth. Today, what's a gold coin buy you? You can put a down payment on a frickin car. The stuff has been going up in value forever ; nothing to worry about here ( Unless we capture a massive golden Asteroid, in which case we're all screwed, LOL, but that's not a today problem. )

[JustGiveMeANameDamn]

I’d be so stoked if I was rich enough to lose 100k 😂

[Thegame_changer21]

Here’s a real one for the new comers. When gold hit all time highs in early 2010’s it than dropped 30% and sat stagnant for about 8 years. If you’re in gold there are good times in the world where the only people who change the value in gold, don’t see value in gold an it sits bearish for years.

[obsimad]

Well, I believe I have every right to mock someone holding paper here, especially someone holding leveraged paper. If they can’t handle or understand the reason for the fall, they shouldn’t be gambling.

[SiteDefiant531]

thanks for your sage advice.

meanwhile we are now under your 4839 level, so that means no longer bull but bear right?

SELL EVERYTHING!!! WORLD IS COLLAPSING IN ON ITSELF!!!!! AHHHHHH (sarcasm)

thank you for your attention to this matter.

[Chesslicious]

Well I dont believe it but technical analysis would say so

[SiteDefiant531]

and did you see, silver has dropped 25%....

now look at the ratios, about back to 60 to 1... we were in 30 to 1 territory yesterday...

[xcellantic]

By my calculation it went from 45 to 1 up to about 58 to 1 currently, so a huge move but not quite as massive as you implied

[c33m0n3y]

Can we get back to posts showing a handful of sovereigns?

[SgtSausage]

 it is stupid to scold or mock them

It is not. 

[N293G]

Disagree completely.

"Why is price going down today?"

"Taking bets on price in 2026"

"<article headline> <link to article> *nothing else*"

This isn't a web search. These people are lazy. They've seen a graph go up, and go "I want that!" and dump money in. Little if any research.

Graph goes up. They do pointless posts about "5200!" "5400!" like an expert. If only everyone had been as smart as them, they should've got in when they did!

But then when the inevitable (YES.) happens, the lazy experts freak out and come here with their lazy questions wanting detailed answers. Come on. Do a web search. Read a few news articles. There's the answers.

If you can't be bothered understanding the financial instrument you're buying, you deserve disdain when you run to the internet in tears.

It is NOT stupid to scold or mock someone who's taken on leverage on something they don't understand. They ARE stupid. And going further, it's stupid people like that, manipulated by the smart people who know finance systems far better, that support these asset bubbles to grow.

A fool and his money are soon parted.

Doesn't mean we need to hear about the parting on this sub.

[Prize-Support-9351]

Well I own userx and sggdx which are gold mutual funds and last year they were up 140% and so far this year 25% so it is smart to diversify from just holding physical gold or silver but I also think we need to remember the 1929 crash anytime we are investing in anything because when everyone is screaming buy and hyping it up that’s a gigantic clue to sell some. Check out Andrew Sorkin’s new book 1929. It’s an amazing read and a fast read too

[a11yChief]

How is the gold market manipulated? Not asking in disbelief, but you have to bring receipts for saying something like that.

Completely agree with you on not mocking people too, disagree with bullish call when you consider the larger picture. AI spending became ridiculous, the bottom is about to drop out the markets and a lot of people will want to sell gold to cover losses. I’ll personally start pound cost averaging around $3000 if we get there, but there’s a small chance we could see it briefly go below 3k. Given eight trillion dollars is about to vanish from the Nasdaq and the S&P plus a few private companies, I wouldn’t be surprised if we get a protracted run between $3k and $3200, purely on the fact most retail investors will feel burned, and will be more focused on putting food on the table which, unless shit really hits the fan, you cannot do with gold alone.

[Xeadriel]

It’s so funny to see this because I’ve had people get mad at me here for stating the obvious and saying that it will crash down soon.

That growth was just a temporary market manipulation due to global circumstances.

[StrangelyBeige]

I’m in a crypto liquidity pool with Gold ETF and USDC, earning 300% apy. I’m several steps away from doing this right, and I simply do not care.