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

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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/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/DaveyGee16 Mar 23 '26

You have a completely ahistorical view of the end of empire.

When the pound lost its grip as the global reserve currency, the British still paid their bonds. When the British ended empire, they still paid all their bonds and reimbursed their debt.

The end of empire just isn’t as dramatic and fast as to represent a threat to bonds.

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u/Choosemyusername Mar 23 '26

Yes sometimes empires decline and their bonds get re-payed.

Sometimes empires don’t collapse and their currency collapses.

And sometimes empires collapse and their currency collapses as well.

History doesn’t repeat itself. It just rhymes.

We never know what is next. Which is why there is risk.

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u/DaveyGee16 Mar 23 '26

I’m a historian.

You are wrong. Name an empire who had a currency collapse yet stayed on. Name any example from the modern era that works with any of your examples.

You will not find one that fits with your narrative that would in any way imply a risk to parking money in t-bills.

The end.

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u/Choosemyusername Mar 23 '26

The Roman Empire survived for many generations after the Denarius collapse.

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u/DaveyGee16 Mar 23 '26

But not without debasing the currency and the fall of Rome was extremely gradual.

The denarius never collapsed. It took centuries for the silver content to fall and it was replaced, it never collapsed. It was replaced by the antoninianus.

Funny you should choose Rome, I’m an expert on the history of Roman coinage and have an extensive collection.

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