If I invest in gold and someone steals it, does it count as a realized loss for taxes?
Franckisted on
Finally Peter Schiff can talk about something.
HentaiAtWork420 on
Are you on drugs
ISpenz on
BTC to 100k…
mellowanon on
interest rate hike? “GOLD PRICES WILL SKYROCKET”
interest rate cut? “GOLD PRICES WILL SKYROCKET”
make up your mind
Ray_Getard_Phd on
Besides being used as a commodity and in electronic applications, gold is such a funny investment in modern times. Seriously, what is the point or appeal? “OOOOO SHINY HEAVY ROCK!!!”
well_boi on
You heard the man 2400 put strikes here I come 
ShamWowi on
Guys, do you not see how he put lines on the graph? See how the lines go up? Have fun with your measly 10% yearly gain on spy while I’ll become the owner of the Wendy’s that you’ll end up applying to. You’re losing out if you don’t throw your life savings into this. Only idiots can’t see how great of an opportunity OP has given you, smh my head.
Wouldn’t Fed rate cuts already be priced into the price of gold, hence why it’s been hovering around 2,500-2,550? Everyone knows it’s coming. Obviously, it makes sense the price would increase after rate cuts, but that seems too easy to me. If someone else that follows gold more than I do can chime in that would be great because I’m genuinely curious
eyepopp on
I bought $GDX calls for Friday knowing the job report wasn’t going to be good and got my ass kicked. I should have just shorted the QQQ much easier
Rustee_Shacklefart on
The markets have been reacting the opposite often in recent time. Cuts in rates are interpreted as the Fed seeing inflation going down. So Even Peter Schiff admits this. I am skeptical.
Ill-Branch3614 on
Nice arrow bro
Over_Explanation3348 on
What about BTC
Uxium-the-Nocturnal on
So dump my portfolio into gold is what you’re saying?
VegetableAmount678 on
so we short it
stockpreacher on
You seriously think they haven’t already priced in the rate cut weeks ago?
TechnicalWhore on
The fun part will be the chart of Crypto added on top of this. People seem to jump to Crypto as often as precious metals now.
TFC_OG on
You seem to be unaware of the gold/rate relationship post hyperinflation in the 80’s
These_Drama4494 on
My brother in Christ we don’t even know if there’s gonna be a rate cut this month yet
Chitikii on
I’m with you brother, though, you should show chart ratios like gold vs m2 money supply to help your case. Even then, these WSBtards are going to shit on gold. That’s how you know to be bullish✅.
Decent_Zebra_917 on
lol by who? Gold price was the same in 1930s up until 1990s
29 Comments
source: op’s butt
“is expected” . . . what . . . ?
If I invest in gold and someone steals it, does it count as a realized loss for taxes?
Finally Peter Schiff can talk about something.
Are you on drugs
BTC to 100k…
interest rate hike? “GOLD PRICES WILL SKYROCKET”
interest rate cut? “GOLD PRICES WILL SKYROCKET”
make up your mind
Besides being used as a commodity and in electronic applications, gold is such a funny investment in modern times. Seriously, what is the point or appeal? “OOOOO SHINY HEAVY ROCK!!!”
You heard the man 2400 put strikes here I come 
Guys, do you not see how he put lines on the graph? See how the lines go up? Have fun with your measly 10% yearly gain on spy while I’ll become the owner of the Wendy’s that you’ll end up applying to. You’re losing out if you don’t throw your life savings into this. Only idiots can’t see how great of an opportunity OP has given you, smh my head.
https://preview.redd.it/mhju7tk2emnd1.jpeg?width=828&format=pjpg&auto=webp&s=43d3e6410db6b062c8f18b4273cda09fd8a52923
Gold only goes up
Lol. Show us your position not this stupid chart
Is this satire?
No
Wouldn’t Fed rate cuts already be priced into the price of gold, hence why it’s been hovering around 2,500-2,550? Everyone knows it’s coming. Obviously, it makes sense the price would increase after rate cuts, but that seems too easy to me. If someone else that follows gold more than I do can chime in that would be great because I’m genuinely curious
I bought $GDX calls for Friday knowing the job report wasn’t going to be good and got my ass kicked. I should have just shorted the QQQ much easier
The markets have been reacting the opposite often in recent time. Cuts in rates are interpreted as the Fed seeing inflation going down. So Even Peter Schiff admits this. I am skeptical.
Nice arrow bro
What about BTC
So dump my portfolio into gold is what you’re saying?
so we short it
You seriously think they haven’t already priced in the rate cut weeks ago?
The fun part will be the chart of Crypto added on top of this. People seem to jump to Crypto as often as precious metals now.
You seem to be unaware of the gold/rate relationship post hyperinflation in the 80’s
My brother in Christ we don’t even know if there’s gonna be a rate cut this month yet
I’m with you brother, though, you should show chart ratios like gold vs m2 money supply to help your case. Even then, these WSBtards are going to shit on gold. That’s how you know to be bullish✅.
lol by who? Gold price was the same in 1930s up until 1990s
*Ahem*…. It’s priced in
So, this is free money?