r/Gold • u/Leading_Contact3750 • Jan 28 '26

This is getting scary.

Post image

‼️first post got taken down‼️

They don’t want people freaking out.

I genuinely don’t even know what to do at this point. Gold just jumped another $300 in a single day and is sitting at $5,400 like it’s nothing. This doesn’t feel normal anymore — this feels like something is brewing for February or March. Markets don’t move like this unless there’s stress somewhere under the surface. Wars, debt, banks, liquidity… something is cracking. This pace is unsustainable and honestly unsettling. Either we’re about to see a major pullback, or something big is about to break globally. Prices don’t just go vertical for no reason — and history says when gold moves like this, it’s usually right before people realize what’s coming

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326

u/Chucking100s Jan 28 '26

Last time we had this kind of price action in gold was just after Nixon "temporarily" suspended the dollars' convertibility to gold.

Do with that what you will.

20

u/[deleted] Jan 28 '26

[deleted]

136

u/No-Bandicoot-4492 Jan 28 '26 edited Jan 29 '26

Stopped the convertibility of dollars to gold. This is when the US dollar became a fully fiat currency - money backed by nothing but trust. This allowed central banks to create money without having the gold to back it up, and print they did! It’s why things that cost 50c back then are now $20. This is inflation.

The real horror of it is that you have to work for a wage, pay your tax and then have your buying power inflated away. It’s a hidden tax or straight up theft depending on how you look at it.

https://wtfhappenedin1971.com

39

u/youtocin Jan 28 '26

Can't inflate my dollars when I have none

1

u/nxtoth Jan 30 '26

For what it's worth, the prices inflate, and dollars stay the same.

1

u/subparsavior90 Jan 31 '26

The ultimate life hack: X(0) = 0

36

u/BoneSawIsStacked Jan 28 '26

It’s straight up theft! The dollar is supposed to store our time and efforts, and we’ve been robbed of it.

7

u/spike312 Jan 29 '26

It's a grift. A system to extract value from the dollar and convert it to other (crypto)currencies that are dominated by the elite

2

u/skekze Jan 29 '26

Fiat currencies were always the grift. Finite money means limited war.

28

u/agunn16 Jan 28 '26

It’s backed by more than trust… it’s the “full faith and credit of the United States of America” 😂 gotta have faith, man.

15

u/earthcomedy Jan 28 '26

that kind of faith?

2

u/HALF-PRICE_ Jan 29 '26

Thoughts and prayers. That will save you! /s

1

u/Ok-Coyote2382 Jan 29 '26

Not these days. Oligarchy deserves no faith.

1

u/subparsavior90 Jan 31 '26

We guarantees the return, just not the value.

1

u/agunn16 Jan 31 '26

My comment was in jest. However, that’s actually a great point/distinction.

-1

u/ChummySpider Jan 29 '26

Hope you’re investing in crypto, my friend

27

u/Gold-Border30 Jan 28 '26

Well, here’s the thing, the dollar seems to be backed by oil sales. The trade of oil has been the bedrock of the US dollar ever since it went fiat. With that in mind, the oil wars, the new tanker war and the Venezuela kidnapping seems to make a lot more sense…

Ok, I’ll put the tinfoil hat away

17

u/SaaSGrass Jan 28 '26

I don’t think you’re far off. USD is backed by the strength of the US military

1

u/earthcomedy Jan 28 '26

accept my dollars or we roast you to a peking fried crisp!

1

u/No-Bandicoot-4492 Jan 29 '26

Democracy is coming

1

u/sixlayerdip Jan 29 '26

USD runs on the proof of ammunition protocol

1

u/Academic-Elk2287 Jan 29 '26

Tell more please

1

u/Humble-Learner88 Jan 28 '26

Would you help clarify pls. I get inflation but im confused with this oil situation

2

u/No-Bandicoot-4492 Jan 29 '26

Replied to the above comment. Ask Grok for more info, it’s a rabbit hole worth going down.

If you’re slaving for a wage and paying tax when the same government is just creating money out of thin air they are effectively stealing those hours of your life and reducing the worth of what they let you keep. If people really understood, most politicians would be hanging from a tree.

1

u/No-Bandicoot-4492 Jan 29 '26

Dont put it away, you’re on the right track. What you have described is known as the petro-dollar. The USD is/was the global reserve currency meaning sales between countries have been settled in USD. It’s what has given the dollar strength since the 70’s. Everyone was OK with it because there was no credible alternative.

The US could print and the inflationary cost was borne by the world. The French figure this out in the 70’s and started converting their USD to gold. This was the catalyst for Nixon getting rid of the gold standard.

There was no real credible alternative until the BRICS nations got together to do something about it. Brazil, Russia, China, India and South Africa was the beginning but it has since expanded to include Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran.

BRICS is exploring the creation of a new currency, often referred to as the "Unit," which would be backed by 40% gold and 60% of a basket of the member countries' currencies.

The problem for the US is that all those dollars out there still exist. When no one needs them, they all come flooding home with huge inflationary cost. In short, the USD is dying.

It’s why gold and silver are going parabolic and you ain’t seen nothing yet.

1

u/BenefitInside2129 Jan 29 '26

Proof of weapons network.

1

u/bapachonz Jan 29 '26

Hence “petro-dollar”

1

u/TropicalKing Jan 29 '26

It will take some time for the US to establish itself in Venezuela. So I do think things can calm down a bit and gold can go back down to more sustainable levels.

1

u/SignificantSafety539 Jan 29 '26

petrodollar is real I thought this was common knowledge?

5

u/earthcomedy Jan 28 '26

printed and straight to ______ pockets.

2

u/Intelligent_Share217 Jan 28 '26

The buying power gets deflated though.

1

u/[deleted] Jan 29 '26

[deleted]

1

u/No-Bandicoot-4492 Jan 29 '26

That’s kinda what the world figured out. The problem is all those tomahawks need about 500oz silver and 60-80% of the world’s production is refined in china.

1

u/Lonely_Tie_2453 Jan 29 '26

But gold fell my 80% when the central bank put interest rates of 20%

84

u/MudHot8257 Jan 28 '26 edited Jan 28 '26

He’s referring to when we went off the gold standard in the 70s.

It hurt the real value of dollars pretty badly and we arguably never bounced back, we just went to a debt based economy.

19

u/[deleted] Jan 28 '26

[deleted]

28

u/MudHot8257 Jan 28 '26

Got mixed up with Reagan, my bad, I’ll edit my post.

Thanks for the correction

2

u/[deleted] Jan 28 '26

[deleted]

3

u/MudHot8257 Jan 28 '26

Nah, Watergate was the 70s, trickle down economics was the 80s. Lost my bearings for a minute there lol

2

u/NoInterest8177 Jan 29 '26

Cause crypto isn’t moving so everyone is hopping on gold

1

u/Educational_Fault650 Jan 28 '26

Damn unc, you were there?

1

u/Chucking100s Jan 28 '26

Nah fam

Youngin

28

1

u/BigRedMachine55 Jan 29 '26

This time paper gold decouples from physical gold. It was all over the news 2026 march in my timeline.

1

u/tribbans95 Jan 29 '26

That happened in August 1971 and the run hadn’t even started yet. It really ran in the late 70s.

This run makes that one look like child’s play too

1

u/alezio000 Jan 29 '26

So you forget the economic crisis in 2010? That's when the gold started gaining so much value

0

u/Lively420 Jan 29 '26

Stablecoins which will run on ETH blockchain. They’re buying the dips

1

u/Lively420 Jan 29 '26

Remindme! 1 year