https://old.reddit.com/r/Silverbugs/comments/1idy0r1/3000_in_gold_1000_in_silver_400_in_scratch_offs/
R-slur buys $400 in scratchers, gold at the absolute peak of its price cycle, non-appreciating Boomer metal, and the worst Keltec Jam Machine and... Brags about it?
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you believe that gold will stagnate, or crash soon?
I think central banks, especially those of china and india, will continue building up their reserves.
in recent years increasing numbers of retail investors buy gold ETFs instead of actual gold, which has caused increasing demand for gold (since these ETFs do buy actual gold). Are there signs that this market is saturated soon?
are there signs that gold production will increase significantly? marginally price hikes lead to increased production, the question is how much.
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If we get nuclear fusion working (always 10 years away) we can easily make gold
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Mining a kilogram of gold currently costs about $40k, about half the market price. Synthesizing gold (as a byproduct in reactors) would currently cost 1000x as much, so energy costs would need to drop by 99.9% before that becomes competitive. The amount of gold produced per reactor would also be very small, so we'd need a huge number of reactors to make a dent: currently 3500 tons of gold are mined per year, and another 1000 tons enter the market each year via recycling.
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Gold is cyclical and correlated to consumer sentiment most strongly. It's had a good long run after COVID, but it probably won't go up much higher for much longer. You won't lose a lot of money buying gold, but it's not a great time to buy gold given the cost increases
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Idk what an appropriate value is for gold because I'm not aware why it's still the memed physical asset when so much industry relies on more exotic shit now. Will the local numismatic sell me lithium ingots?
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it's definitely weird. only 300 tons per year are needed for industrial use, but 3500 tons are produced and another 1000 tons are recycled. but gold is definitely better for long term storage or transport. lithium is a million times more plentiful on earth and 40x less dense than gold, it's corrosive and reacts violently with water, and even with oxygen, it damages your skin (and its dust damages your lungs).
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