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(CNBC)   Central Banks around the world are buying up every scrap of gold they can get their hands on. That's generally not seen as a very good sign. Plan accordingly   (cnbc.com) divider line
19
    More: Scary, Precious metal, Central bank, Asset, Inflation, Gold as an investment, Trade, Troy ounce, United States dollar  
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688 clicks; posted to Business » on 01 Feb 2023 at 1:09 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



19 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
AirForceVet [TotalFark] [OhFark]
2023-02-01 10:59:11 AM  
I'm sure BitCoin investors are feeling safe where their hoards of bits and bytes.
 
edmo [TotalFark] [OhFark]
2023-02-01 12:04:49 PM  
They've got most of the cash and mortgages on most property. What else do they grab with their billons?
 
SumoJeb [OhFark]
2023-02-01 1:13:51 PM  
yippee!
 
Red Shirt Blues
2023-02-01 1:15:13 PM  
Fark user imageView Full Size


Jokes on them.
 
Thank You Black Jesus! [BareFark]
2023-02-01 1:19:05 PM  
buy gold now!  it won't go much higher!
 
Phil McKraken [OhFark]
2023-02-01 1:25:51 PM  
Has anyone tried putting gold on the blockchain? Nobody knows what blockchain can do.
 
Coredatum
2023-02-01 1:32:47 PM  
In other words, prepare for my 401k to be destroyed once again.

My guess is that I'll probably die working.
 
pastramithemosterotic
2023-02-01 1:33:17 PM  
If you bought the dip on gold last summer, when it was trading around 1680-1700 per ounce, you're in a good spot
 
Shaggy_C
2023-02-01 1:36:09 PM  

Phil McKraken: Has anyone tried putting gold on the blockchain? Nobody knows what blockchain can do.


Three words: gold. ape. NFT.
 
encephlavator
2023-02-01 1:52:51 PM  

pastramithemosterotic: If you bought the dip on gold last summer, when it was trading around 1680-1700 per ounce, you're in a good spot


If you had bought last March you'd be down $50/oz. No idea why it's skyrocketed since Nov 3rd other than central banks but that's not much of an explanation.
 
NathanAllen
2023-02-01 2:24:27 PM  
The only gold we have lying around is what my wife's mother strapped to her body while fleeing the communists.

Pretty sure $20k or so isn't worth the sentimental value of family heirlooms.
 
ImpendingCynic
2023-02-01 2:46:50 PM  
So who will be the Hunt Brothers in this cycle?
 
Thank You Black Jesus! [BareFark]
2023-02-01 3:26:02 PM  
<clears throat>

bLoCkcHaiN!
 
AmbassadorBooze
2023-02-01 4:12:36 PM  
Time to ban the underchuds from owning gold.  Mandatory sell back to the government.  Only the elites should have gold.

Problem solved.
 
SumoJeb [OhFark]
2023-02-01 4:25:51 PM  
Don't invest in gold - invest in my gold mine!
I assure you every dollar donated invested will be spent on exploitation of the minerals located around the sunny beach area on my gold claim.
Located in the historic Barkerville gold rush area. Lots of gold to still be found. Send me money now!

/need more snacks
 
frankb00th
2023-02-01 6:45:02 PM  

NathanAllen: The only gold we have lying around is what my wife's mother strapped to her body while fleeing the communists.

Pretty sure $20k or so isn't worth the sentimental value of family heirlooms.


fark gold, i want to know about the "fleeing the communists" story. That sounds more interesting.
 
AsparagusFTW
2023-02-01 7:01:50 PM  

AirForceVet: I'm sure BitCoin investors are feeling safe where their hoards of bits and bytes.


The BIS (in Dec) just gave the green light to central banks allowing them to hold up to 2% of reserves in bitcoin starting 2025.
 
neapoi [TotalFark]
2023-02-01 11:35:46 PM  

Coredatum: In other words, prepare for my 401k to be destroyed once again.

My guess is that I'll probably die working.


That's depressing as hell and I'm right there alongside you.
 
Be polite walk on the right
2023-02-02 6:36:03 AM  
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