Post by
ThoughtsOnThis on Jul 05, 2022 7:27pm
I Understand Now...
Gold (CXB) is KING! When...
Inflation runs off the chart...
A severe recessions sets in...
The global financial system as we know it collapses...
Etc., etc....
So everything that you own devalues a lot (a lot) and your gold (CXB) holdings are worth? Pick a number. Try this equation: Everything you own today is worth 75% less + all of your gold (CXB) holdings that is worth (?)
No retail investor can weather the absolute destruction that has been and is going on. Yes, some will get rich. I suggest to you that those who will get rich from gold holdings are already rich and everyone else (the lemmings that we hear so my about from Mr. Tootall) will see there gold investments ruin there portfolio.
CXB (all gold) has been a bad bet for many years. There is no time horizon. There is no winning. Let's call CXB for what it is (and gold for soem protratced time) a near complete loss. Pretending otherwise is simply lying to yourself...
(Mr. Tootall please spare me your incessant ignorance and complete b****hit)