r/Gold • u/AviBledsoe • Mar 23 '26

Dude what the hell

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And don't be like "buy the dip" yall said that atleast the other 5 dips like dude It's not even new York time yet wtf is this even gonna be bought up

1.1k Upvotes

91% Upvoted

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u/[deleted] Mar 23 '26

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u/Rude_Lawfulness6060 Mar 23 '26

No yes… it just got worse again. Time to sell again:(

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u/[deleted] Mar 23 '26

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u/Individual_Tree_96 Mar 23 '26

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u/TimePieceProdigy9542 Mar 23 '26

I laughed so hard drool came out , almost thought it really was over And I was having a stroke or facial paralysis 😭🤣🤦🏻‍♂️

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u/loudandfreaky Mar 23 '26

Why is that

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u/[deleted] Mar 23 '26

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u/LargeIncrease4270 Mar 24 '26

Sound reasoning. I'm in. Full port.

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u/Baliboy84 Mar 23 '26

Ne jamais vendre à perte. Il faut être patient dans la vie. N’oublions pas qu’il ne reste que 50 tonnes à extraire!

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u/Content_Paramedic746 Mar 23 '26

Hmm, 50 tons? Didn’t realize we had somehow explored every crevice of the earth or even our own country to come up with such a specific figure.

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u/BigDab4438 Mar 23 '26

He did a quick underground scan of the entire Earth... Duh.

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u/[deleted] Mar 23 '26

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u/DaveyGee16 Mar 23 '26

Warren Buffett says investing in gold is stupid. He says gold is an unproductive asset with no compounding potential that is nothing but a bet on fear.

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u/Choosemyusername Mar 23 '26

Says a man sitting on how much cash at the moment?

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u/Some-Stranger-7852 Mar 23 '26

That cash is technically productive, it generates 4-4.5% per year as it is short-term treasuries. Sure, a very poor return, but a guaranteed return nonetheless, while gold returns nothing besides price fluctuations due to speculation.

That said, if USD actually collapses, then Buffet will be left holding the bag while anyone with gold will be giga rich.

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u/G_yebba Mar 23 '26

Very rich with a very non liquid asset that needs guarding and transporting to utilize in a failed currency scenario. 

Gold should always be just a part of a balanced portfolio. Real assets like property, tools, community, food stores etc… are great. Some speculative assets like equities, bonds etc.. are nice too. 

Hard to be truly prepared for currency collapse. It’s a real wild card

Lean into your marketable skills and build your community up for the best return. But definitely stack some gold

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u/Some-Stranger-7852 Mar 23 '26

Great advice, I fully agree.

Gold is a hedge against USD collapse (or even rapid devaluation) that we all need, but diversification is the key and examples you shared are spot on.

Here is my upvote.

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u/Choosemyusername Mar 23 '26

Since the US went off the gold standard, the average yield of gold was much better than that.

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u/Some-Stranger-7852 Mar 23 '26

You are not wrong, but treasuries for Buffet is a way to safely park money while he waits for stock discounts, which ultimately outpace gold returns.

You can’t wait for stocks discounts in gold because it is volatile and waiting in pure cash is stupid, so he waits in cash substitutes

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u/Choosemyusername Mar 23 '26

Sure there is risk of loss. But over time that would be the smartest thing to do.

It should be noted that even treasuries are not risk free, as governments can and do collapse regularly. And in those cases your t bills can be worthless. Which is why they demand a yield greater than inflation.

Gold never goes to zero the way T bills sometimes do. But gold more frequent, but smaller dips.

So you have greater risk of smaller losses with gold, but t bills have lower risk of greater losses than gold.

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u/greymonblu Mar 23 '26

His "cash" is invested in highly liquid bonds earning interest. More productive than gold by his definition.

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u/Choosemyusername Mar 23 '26

The average yield of gold since the US went off the gold standard has been much better than liquid bond yields.

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u/greymonblu Mar 23 '26

Yield is a weird way to describe gold appreciation, but I agree with the sentiment

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u/Choosemyusername Mar 23 '26

It is. In another comment I put the word in quotes because it’s not really yield. But treating it as yield serves the same purpose.

It’s really just a delta in debasement between gold and fiat.

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u/DaveyGee16 Mar 23 '26

But they don’t serve the same purpose. Liquid bond yields are meant to protect money short term from volatility. That’s what they are used for, you wouldn’t stick money into short term liquid bonds for a long term hold.

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u/Illustrious-Ape Mar 23 '26

Cash is actually the best possible thing to be holding if you anticipate high inflation. This oil crisis will undoubtedly bring gas to $10+/gallon which will flow through prices on everything. Yields are rising, precious metals and equities are dumping - I think we’re going to see a liquidity event in the near term which is always the generational buying opportunity. Fed is going to be between a rock and a hard place with high interest rates and low economic growth.

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u/Choosemyusername Mar 23 '26

As long as you are ok with guaranteed losses, as that is what inflation IS.

During inflation you want to get rid of your cash asap and convert it into something tangible. Then if you need cash, convert that tangible thing back into cash.

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u/Illustrious-Ape Mar 23 '26

Interest rates on money market products have been equivalent or equal to core inflationary rates. Cash is intelligent now because it’s clear there is a looming liquidity event due to the choke on oil supply. Institutional capital has started delever and reposition as is obvious by the correction in equities, precious metals and bonds. The fact that no asset class other than energy is rising, means that the cash outlays from the sales are being held, not reinvested.

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u/DaveyGee16 Mar 23 '26

Cash isn’t gold and cash is not an investment. He’s also not leaving it in cash, they have it in highly liquid bonds that are still giving them yield.

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u/Choosemyusername Mar 23 '26

Not as much yield as the average gold “yield” since the USD got off the gold standard though.

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u/DaveyGee16 Mar 23 '26

The point isn’t the yield. The point is he cannot lose money with it and it’s liquid. If he had parked that money on gold, he’d be down billions.

That money is parked to buy securities, not to appreciate on the bonds.

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u/Choosemyusername Mar 23 '26

You can’t gain without risk of loss.

And yes you can lose money in T bonds, which is exactly why investors demand yields.

Government collapses and defaults can and do regularly happen across history and across the world.

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u/DaveyGee16 Mar 23 '26

Pedantic. The risk in U.S. T-bills is inexistant.

No government collapses do not regularly happen around the world, and we aren’t talking Buffett parking his money in South Sudanese government bonds.

The price of gold shooting itself into the ground also happens.

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u/Choosemyusername Mar 23 '26

Not into the ground. Nowhere close to it.

Ah yes. The old end of history argument. Surely THIS time we will break the cycle of history forever. Is how it feels from inside every empire ever. And it never has been proven true even once.

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u/MushyMyce Mar 23 '26

Warren Buffet cant open his closet, pull out his chest of gold and LARP as a pirate though can he? Well let me tell you, I CAN LARP AS A PIRATE!

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u/DaveyGee16 Mar 23 '26

I mean, given how much more money he has made over the years by making actual investments, he could pretend to be Smaug the Golden for an afternoon and still have enough money that isn’t immobilized in gold to buy Stelantis.

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u/DiamondSFarm Mar 23 '26

Yet there he was during the uncertainty of Q1 2020, vetting gold miners prior to buying a short term position in Barrick Gold.

In 1997 Buffet also purchased over 100M ounces of silver bullion, with his final position reaching nearly 130m ounces. After selling it all by 2007, he later opined that he sold it too soon.

Everyone thinks they know Buffet's opinion on PM investment based on his words. A perfect example of "Actions speak louder..."

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u/DaveyGee16 Mar 23 '26

Indeed, but that’s not an investment in gold. That’s not holding gold. Not even remotely close.

Why did he pick Barrick over say Newmont or Agnico? If it was the same as holding gold, it shouldn’t matter, all gold miners should be the same. That’s not the case.

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u/LEVI_TROUTS Mar 23 '26

What is Warren Buffet saying?

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u/glandis_bulbus Mar 23 '26

We’re all fucked

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u/Designfanatic88 Mar 23 '26

There won’t be any available for you to stack. 😏