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A change in stock to flow is not "priced in". And gold is also a speculation, it still works/worked. Social value networks are quite sticky and tend to get st
by trident1000 6y ago
A change in stock to flow is not "priced in". And gold is also a speculation, it still works/worked. Social value networks are quite sticky and tend to get stronger over time.
- bluedevil2k 6y agoGold didn’t work! As I stated in another comment, gold is way down compared to its historical high in the 80’s (when adjusted for inflation).
- trident1000 6y agoIts also been around for 3000 years and is far past its price discovery phase. Aside from that you dont hold gold in perpetuity, its for certain several year stretches and certain decades. I hold none just because I think btc challenges it (which is also the view of JP Morgan's latest opinion so in decent company). Second comment here: Long cyclical runs can be timed. For instance golds decade long rip prior to the decline was due to etf introductions. And no I dont think you do “got it”. You dont hold anything in existence forever. If youre not comfortable making shifts every few years (or whatever) and having to actually do some thinking from time to time then investing isnt for you.
- bluedevil2k 6y ago> you dont hold gold in perpetuity, its for certain several year stretches and certain decades So you only hold it when you’re trying to time the market? Got it.