Post
Topic
Board Speculation
Re: When do goldbugs give up?
by
gentlemand
on 18/08/2018, 20:40:36 UTC
Goldbugs get a hefty amount of derision too despite their pet rock having value being thousands of years old as a concept.

I don't think they'll ever give up but they may well die off in unprecedented numbers. Never in my entire life have I heard anyone below the age of 70 express the slightest interest in metals. As long as it's an integral part of international finance it's not going anywhere but I expect retail to fade.

As for me, it's now 38 years since gold's all time high and it's over 50% down from then inflation adjusted. I'll take me chances elsewhere. I'll be long dead before it's up there again. And silver is the tangible equivalent of a shitcoin as far as I'm concerned.