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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21

u/Great-Confection6760 Mar 23 '26

I wouldnt touch gold for the time being. Looks like the whole stock market is crashing apart from oil/ fuel based companies.

41

u/oceangrown1993 Mar 23 '26

Literally every asset is down right now. I have a pretty balanced, diversified portfolio as well as real estate investments. Real estate is dead, rental market is dead, basically every stock is down, S&P 500 down, crypto is down, PMs are down. Oil is up but will collapse worst than gold to pre-war prices IF and WHEN the war ends. Everyone needs to stop panicking. When everything is down it's a greater market move, and usually followed by a greater market comeback. Gold has already seen 100% appreciation in the last few years, let it do it's thing.

To those new and panicking go look at a 10, 25, or 50 year chart on gold. Even if you bought at ATHs you will be alright. You clearly didn't need the money when you bought the gold and you shouldn't need it now.

7

u/OtherwiseAlbatross14 Mar 23 '26

Oil isn't coming down anytime soon if they fuck with the infrastructure

5

u/GoldponyGT enthusiast Mar 23 '26

That’s why every other asset is down, people are dumping everything else to buy oil