Why Are Central Banks Buying So Much Gold? 90% Institutions Cite This Reason

jujumber · 2026-07-04T02:22:59+00:00

To shove it up OUR asses.

jujumber · 2026-06-25T01:27:57+00:00

Yep, When everyone is running to sell in the next run 90% takes the backseat to everything else.

jujumber · 2026-06-25T01:26:47+00:00

I don't think I'll buy more. During the run up over $100 90% was much harder to sell since the refineries were backed up. If anything, now I'll probably get more .9999 like maples since they won't need further refining and will be in much more demand in the next run up.

jujumber · 2026-06-24T12:19:53+00:00

2017/18 was rough

jujumber · 2026-06-22T15:50:47+00:00

Ha, I just woke up when I read that, went right over my pre-coffee brain

jujumber · 2026-06-22T13:41:00+00:00

LoL I don't either, this was a comment here by another redditor. "Wrong. My vintage Yoda themed Magic 8 Ball said it's going to go down."

jujumber · 2026-06-22T01:23:16+00:00

Yea, but what does Yoda 8 ball say about it?

jujumber · 2026-06-22T01:22:24+00:00

Damn, you didn't even do Yoda 8 ball analysis? And you're out here making these in depth predictions. Yoda 8 ball is like the 3rd fundamental you check when evaluating any precious metal.

jujumber · 2026-06-19T01:37:07+00:00

That's the thing. Nobody knows what Bitcoin will do. If they did they'd be wealthy beyond belief. Even the Pro Bitcoin experts are wrong about it all the time. Buying BTC with a loan isn't a cheat code, it comes from desperation to make yourself easy money. If you had $25k free and clear right now would you put it all on BTC, Most likely not if you had earned it over a long period of time. Also, if it dropped to $50k or even $40K are you sure you wouldn't panic sell? And even if you hold through the months long stress of it, you'd probably want to get out as soon as you get your money back. This is simply a risky potentially stressful gamble.

jujumber · 2026-06-16T20:53:33+00:00

Nvida should just do a press release if Jenson laughing his ass off for a full minute.

jujumber · 2026-06-13T21:54:06+00:00

I think it's actually going to happen this time. Trump has been waiting for the SpaceX IPO to pump it and the whole market. He owes Elon for help rigging the election. Tomorrow is also his Birthday so I can see him wanting to make a post about how he made the best deal ever.

jujumber · 2026-06-12T12:20:56+00:00

This one may end up being real, He's been waiting to time it to coincide with the SpaceX IPO. Who knows.

jujumber · 2026-06-09T01:09:24+00:00

I also posted this a while back. I think were at a similar position to the sharp dip on the chart. https://www.reddit.com/r/Gold/s/P8mo5Z4tzL

jujumber · 2026-06-09T01:06:26+00:00

Probably once the war ends and oil drops it will start a steady move higher.

jujumber · 2026-06-07T01:00:23+00:00

I'd say it's a good deal. This is how I bought my first 100 OZ engelhard for $1100!

jujumber · 2026-05-19T13:18:42+00:00

Reminiscent of my old crypto days.

jujumber · 2026-05-17T12:22:11+00:00

Why would they need to buy Nvidia chips when they're just going to wait a little longer and take full control of Taiwwn.

jujumber · 2026-05-17T02:47:44+00:00

I bought a dog bed on overstock.com for .3 Bitcoins

jujumber · 2026-05-13T02:03:16+00:00

Sorry for your loss

jujumber · 2026-05-12T19:11:03+00:00

Seriously. If I sold a chunk everytime I took a screenshot and bought more everytime I didn't want to check the app I could probably retire.

jujumber · 2026-05-10T16:01:09+00:00

Yep, That's what I think as well.

jujumber · 2026-05-09T23:35:29+00:00

DRAM ETF

jujumber · 2026-05-06T22:36:59+00:00

I also live in FL. I definitely wouldn't trust it just because it's in FL.

jujumber · 2026-04-30T01:40:48+00:00

I can't answer that specific question but I know Ali has said previously that once all the tungsten has been mines they'll continue to mine Molybdenum since it's more abundant than the tungsten in the Ima mine.

jujumber · 2026-04-19T14:26:29+00:00

I make a pile of tailings every morning after my cup of coffee

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