Gold hits record high as US-China trade war intensifies, dollar weakens

20 comments

1. This shit is so fucking stupid.

2. Glen Beck is laughin

3. Yeah that’s usually a bad thing. If people are putting their money into an asset thats stable and increases over time, that means they have no or little faith in the current institutions and systems ability to make money, OR they believe inflation is about to be ridiculous.

   Or both. It can certainly be both

4. We’re going back full circle aren’t we. US-China trade war is a mutual assured destruction moment and EU is going to be the next biggest economy after the dust settle.

5. Question, what ever happened to all that lead up to them checking on gold in Ft Knox?

6. Dollar is going down. Gold is going up. Treasury rates are spiking. Great depression is incoming.

7. Next step is government sale of gold reserves?

8. Dollar? Oh, you mean uncle donnys fun bucks… 

   Yeah i wouldn’t be investing in those right now… 💀

9. The big giant river of American capitalism is beginning to reverse. It’s gonna take years to get all of this back.

10. Keep buying gold coins. Gold is going to $20,000.

11. The world is moving out of US treasuries and into gold. If the US dollar crashes, people have no idea how bleak it can get.

    We used trade to support massive debt to maintain our lifestyles in the US, but we’re like a bank that just told its depositors to go fuck themselves.

    The fallout has the potential to be unimaginably bad for American citizens. Shortages, inflation, high prices, money devaluation in the extreme. We were doing fine just a week ago, but decided to throw it all away.

12. The tea is Trump us going to reset the gold value after a pump. Currently it’s 42 an ounce at the US treasury. After gold is pumped by Trumps tariffs BLAM! REEEAAAASSSEETTTT!!! At 3k plus. Write the US a check!!

13. This is a moronic miss-step right? Like, I’m a not-intelligent person, but even I could handle this economy better than this.

    I could drunkenly drive this country better than Trump is supposedly doing it sober. I have no political education, yet I truly believe I could do his job better than he can. I am truthfully honest about this. I could run the economy better than the President of the United States of America. I really could. You could too. The bar is so, so low.

    America is in free-fall. They will be as poor and deplorable as Haiti or North Korea. It’s so sad to see them fall so hard. It’s just so sad to watch from the sidelines.

    America, what the Fuck? You were the Beacon of the Free world! Now you’re rubble. 9/11 Finally took effect. You have destructed yourselves. All of us watching from the sidelines are scratching our heads asking “What the fuck”? The USA is dead? What the fuck?

14. It has been going up for a while now and did dip significantly just last week but made a full recovery.

15. What does this mean for regular jackoffs?

16. 77 million idiot Americans did this.

17. US dollars are unsafe, gold and other currencies like EU are better to hold

18. How soon before people realize gold is bullshit?

19. Stockmarket is low …… criminals step in … and take gold
    Markets go up ……. criminals make profit and laugh at losers

20. Because the United States has transformed into a lawless authoritarian rogue state, run by a moronic madman known for defaulting on loans and bankrupting his businesses, U.S. Treasury bonds are no longer considered a safe haven for investors. Say hello to de-dollarization and goodbye to printing money without repercussions for the economy. America’s unsustainable spending has finally caught up, and there will be no more free rides on the backs of the rest of the world.

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