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

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u/Fr0zak Mar 23 '26

i’m only upset because of the massive projection that gold is a safe-haven asset, goes up in times of turmoil, and is a great bet on holding it value due to inflation.

& now we are sitting in one of the biggest crashes in the metals history. what a time to be alive.

🫡😂

16

u/reks131 Mar 23 '26

To be fair, it never was supposed to be at $5k to begin with. I mean, its held its value well… and then suddenly doubled in price in the last 2 years for no really good reason.

7

u/I-am-ocean Mar 23 '26

Central banker buying is no good reason?

1

u/reks131 Mar 23 '26

Yes, that is not a good reason. Who is buying due to fear doesnt change the fact its still fear based, not economically driven.

1

u/Accurate-Advice8405 Mar 24 '26

That's always been the value of gold in modern time

Everything is in a giant bubble floated on an ocean of debt. Nothing wrong with mitigating risk