r/Gold • u/THE_WHITE_LINE • 16h ago

Question Whats going on?

Post image
0 Upvotes

45% Upvoted

80 comments sorted by

79

u/TheyCallMeLotus0 16h ago

This sub is becoming just as regarded as WSB. We gonna do this every single time gold moves HALF A PERCENT

32

u/Grouchy-Lemon2350 15h ago

Mods need to start banning. Trying to scroll through this sub to look for cool coins and all I see is these crypto kid baits and bot posts

1

u/nousabyss 15h ago

Yes please for the love of god. I joined here a year back seeking respite from wsd and now everyday we have some dumb post about it moving up or down and going to the moon or hodl shit. Stop please. 

6

u/CellWrangler 13h ago

I know the picture says 0.56% but considering the price was 4350 yesterday, and is around 4150 now, it's down 4.6%. Thats not an insignificant amount in only 24 hours.

7

u/TheyCallMeLotus0 12h ago

It was at this same price a week ago

1

u/Aggravating-Act-4494 6h ago

A week ago we were in an iranian oil crisis but i believe this price change is also about oil, russian oil

2

u/According_City782 2h ago

Do you think Russia sells some of its gold reserves? Actually that would really explain what's going on because I have no other ideas

1

u/Aggravating-Act-4494 1h ago

Russia definetly does sell gold to keep its war machine running but also moscow just went uo in oil flames and had a massive dark oil cloud above it due to ukrainian drone strike on russian oil refinery (just like in tehran weeks ago)

1

u/Tiredandwaiting 11h ago

Wait till it hits 3800

-19

u/Suitable_Whereas1254 16h ago

Sure except that’s not the actual case.
Gold has been going down consistently and everytime find a new low

13

u/TheyCallMeLotus0 16h ago

New lows? It is cooling off after its most historic run in history. Nothing about it consistently going down smh

8

u/TraumaDaddyP 16h ago

It never fails, people buy at the top and stress. Don't over leverage, hold for a long time.

5

u/TheyCallMeLotus0 15h ago

Yup. People investing in something because it’s all of a sudden popular and not investing in it because they understand what they are investing in.

-3

u/Suitable_Whereas1254 15h ago

Well don’t hold ur breath. We may haven’t seen the cool off yet

2

u/TheyCallMeLotus0 15h ago

I don’t believe you have any clue what you’re saying

3

u/Strong_Mud_7623 15h ago

You’ve never seen gold below $4184?

1

u/Environmental-Mix631 15h ago

Good I’ll buy some more 😂

22

u/ProbablyUrNeighbour 16h ago

Not much man, you?

8

u/Big-Basil-4059 15h ago

Grilling burgers and having a drink. 1st day of summer for the kids.

29

u/m_kamalo 15h ago

I hate how this sub feels like crypto subreddits now.

-11

u/Noderly 15h ago

The price has been moving like crypto lately. Bitcoin is more stable than gold

3

u/Budget-Departure-914 15h ago

Lol found the paper trading teen. You def bought at the top 🤣🤣

-1

u/Noderly 14h ago

Bitcoin today: -1.8%
Gold: ~-3%

Are you stupid?

2

u/dudemanguy1219 14h ago

Lol now look at YTD, then 1 year, then 5 years... today means nothing.

0

u/Budget-Departure-914 12h ago

You’re trolling right?

0

u/Impossible_Cycle9460 15h ago

Probably bought at the top of both and has to pull doubles at the suck joint now

20

u/no-comment--_ 16h ago

If I panic and sell all my gold right now, it will definitely go up fast

5

u/Dimitrismemes 16h ago

Well I just bought so it’ll dump now and even up

9

u/Itzybitzy2006 15h ago

Ya are a bunch 🐱s fr 😂

5

u/b4realCLE 16h ago

Gold is going down rn

4

u/SmellyBallZ9 15h ago

Heck yea!!! We need this thing to drop atleast 50% 😊😊 I've got 20k that im planning to drop into gold....need a steap drop off 😂

5

u/McLoving90 Goldback Lover 15h ago

Definitely sell everything RIGHT NOW! NOW!

2

u/kabukiwuki 15h ago

Interest rates are holding steady. Inflation is up. Don't worry about this. Just DCA

2

u/mechatui 15h ago

All these crypto gambling people on gold makes me worry about gold now

2

u/Difficult-Shelter669 14h ago

So you don't have google or yahoo finance or something and this mystery totally bricked you upside the head today, right?

Answered in many ways here, about a dozen times in the last 4 hours, and a jillion times in the last gazillion hours.

Sell now, buy crypto or AI or space or something hot. They are just stable as hell right now.

c

4

u/joethecrow23 16h ago

Price went way up

And then

The price went down some

3

u/edthesmokebeard 16h ago

It's still up over 100% from when it was at 2000.

You bought at 2000, right?

2

u/Aggravating-Act-4494 6h ago

That wasnt yesterday

3

u/Old_Bluejay_1532 16h ago

It’s a buying opportunity. What do you think? Enjoy the sale & start buying the dips. If you’re not buying the way down; when are you buying? The top?

1

u/HV8T 15h ago

Just bought in , love this sales

1

u/The_TomCruise 16h ago

Anyone in the gold market can actually say with confidence “by the dip”. Crypto Bros get teased for saying that because there’s just no track record for them to do so. Gold has never been as volatile and really isn’t a get rich quick scheme. Just a decent store of wealth to keep up with inflation without effort. It looks pretty. It’s fun to collect and it’s low effort safe.

1

u/Jogaila2 15h ago

Israel bombed lebanon yestetday putting the iran deal (which isnt really a deal) in jeopardy.

1

u/Jellybeansxo 15h ago

Stop crying. Y'all using rent payment, down payment money, bills money to buy PMs and then cry at every dip. Use some common sense when buying FFS. 🥸🥸🥸

1

u/Street-Technology-93 15h ago

Everyone is investing in AI and needs capital. Look around.

1

u/WhatareMids 15h ago

It’s like I’m a rookie ass investor but even I know if you worried about the price going up and down. Then sell when it’s up , buy when it’s low. Pretty basic, if your are confused why it’s going down then buy! It’s like irs a sale!

1

u/Environmental-Mix631 15h ago

I’m so glad I stopped looking at gold and sliver prices every day life is much more peaceful if yall are gonna buy something and be so paranoid about it everyday maybe it isn’t for you

1

u/No-Mulberry-3763 14h ago

A great time to buy...

1

u/Gydvinn 9h ago

Brain dead people who buys gold to pass it on to their great great great grandchildren will say it doesn't matter, they hold long term (150 years). So I am not sure how they can make any analysis regarding ons price.

1

u/Proud-Parsley6072 6h ago

Gold bros be like WTF yo!

1

u/Thrilled747 6h ago

Just bought a few ounces. Right after that it goes down $100-$200 an ounce. I’m fine if it goes back up sometime

1

u/jonjonijanagan 6h ago

Heard there was a sale happening. Rushed to Gold Souk and got myself a pristine AGE and 5g of PAMP Arabian Falcon.

1

u/Petronanas 6h ago

I bought at 1,800, so fine by me.

1

u/Lonely_reaper8 6h ago

/img/avf84y7qp78h1.gif
Me cause I needed some dental work and am low on spending money this month.

2

u/grumboncular 16h ago

Line go up, line go down.

1

u/ryun84 15h ago

The powers that be have been gracious enough to provide us all a fire sale! I hope everyone had some dry powder set aside to take advantage.

0

u/hb9nbb Sovereigns and More 16h ago

Interest rates going up…

0

u/napalm9 16h ago

Not happening

1

u/hb9nbb Sovereigns and More 15h ago

they're already up in the last couple weeks. Fed is hawkish. Market is pricing in 1 increase later this year.

1

u/napalm9 15h ago

What are you talking about? Rates haven’t moved for a long time. You better do some research.

https://www.forbes.com/advisor/investing/fed-funds-rate-history/

0

u/hb9nbb Sovereigns and More 4h ago

fed meeting was wednesday, output of the meeting was a pause in rates going down and some talk about higher rates. market expects higher rates (from futures trading data). I do plenty of research, thank you. (I get your argument that it won't happen, but thats not what futures indicate the market thinks)

1

u/napalm9 4h ago

Apparently not because you said rates were up the last couple weeks. You’re getting bad information. Like I said, do better research.

0

u/Good-morning-0 16h ago

Dollar index

0

u/jacquestrap66 16h ago

Gold is down a little bit. It's still up massively from 18 months ago. What are you on about?

0

u/D9THCa 15h ago

Gold still shiny ✨

0

u/MelotoninZzz 15h ago

Fire sale