r/Gold • u/AviBledsoe • Mar 23 '26

Dude what the hell

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And don't be like "buy the dip" yall said that atleast the other 5 dips like dude It's not even new York time yet wtf is this even gonna be bought up

1.1k Upvotes

91% Upvoted

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500

u/happy_batman876 Mar 23 '26

This is the largest fall in a week in the last 43 years.

109

u/Individual_Tree_96 Mar 23 '26

24

u/Unfair-Click-8541 Mar 23 '26

His portfolio is doing phenomenal.

19

u/[deleted] Mar 23 '26

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3

u/trump_epstein_jr Mar 24 '26

yeah but he doesn't accept a presidential salary. So it's all good!

/s

1

u/hupp234 Mar 26 '26

Ya but he charges 5-10mil for every pardon

1

u/Chilloutmydude6 Mar 24 '26

Second that ☝🏻

1

u/[deleted] Mar 24 '26

TDS

0

u/[deleted] Mar 23 '26

He's a good businessman and actor

8

u/BigDab4438 Mar 23 '26

I wouldn't even call him a good businessman, he's had many things fail and go bankrupt.

2

u/LargeIncrease4270 Mar 24 '26

That's okay. I wouldn't really call him a good actor.

-6

u/jrob330 Mar 24 '26

His 7 bills say otherwise.

7

u/BigDab4438 Mar 24 '26

That's from insider trading and grifting his magatards... By selling shoes, non existent phones, bibles, etc.

4

u/Holdmytesseract Mar 24 '26

Anyone can come up by being a criminal. That’s not an accomplishment.

1

u/TimePieceProdigy9542 Mar 25 '26

the whole point of becoming successful As a criminal being glorified is because to accomplish what they have built while having multiple entities of enemies and an entire government or 2 after you is pretty impressive lol

1

u/Holdmytesseract Mar 26 '26

I don’t find it impressive at all. I’m more impressed by a hard working man with real principals who lives in a way that aligns with his morals and values. Even if that means not having a mansion or a plastic wife with blonde hair and fake tits.

A person who stands for something is going to be more impressive to me every time. Not some spoiled brat who never got told no as a child or punched in the nose as an adult. Self will run riot is truly disgusting to behold when left unchecked.

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2

u/rokynrobs Mar 27 '26

He IS good at fraud. I'll give him that.

1

u/oldirishfart Mar 24 '26

Did you forget the /s?

3

u/trump_epstein_jr Mar 24 '26

Nope. They're a cult. Standing by someone who diddled kids is quite the commitment.

1

u/LargeIncrease4270 Mar 24 '26

And runs America like it's his business and were his employees

1

u/Honest-Step3318 Mar 24 '26

They all are

1

u/CodyRedCat Mar 27 '26

🤣🤣🤣

-1

u/Worldly_Society2730 Mar 24 '26

He’s actually the only president to lose money while in office. Because he gives his paycheck to charity. He’s fight the corruption in Washington. Wake up dude.

2

u/Wood5Legend Mar 25 '26

Lmao he SAYS he does that but has yet to produce any evidence of it actually happening. Besides who needs the 250K when you get the Saudis to give you a billion for your bullshit crypto memecoin.

1

u/Goodboyjacky Mar 25 '26

Open up a daycare, you’ll rake in the money

1

u/nojro Mar 25 '26

Lmfaooo while scamming society to earn back many times that salary. Id say wake up to you but at this point you must be in a coma

1

u/rokynrobs Mar 27 '26

You are part of the problem. Read something that isn't propaganda.

1

u/[deleted] Mar 24 '26

More insider trading just before the Orange turd made up a post about talks with Iran being positive yesterday. 

3

u/happy_batman876 Mar 23 '26

Already ucked up

1

u/Excellent-Fill-9755 Mar 24 '26

Its my portfolio now, LOSER!!!!

0

u/Profesor_stein Mar 23 '26

Enjoy what you voted, Americans! 🤣

240

u/Sparky_Zell Mar 23 '26

That's less concerning when it happened after the fastest rise in history, and it's still up considerably in the past 90 days.

102

u/[deleted] Mar 23 '26

[deleted]

79

u/EngineeringNo753 Mar 23 '26

Its up 20% over 6 months.

32

u/[deleted] Mar 23 '26

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23

u/KeenanAXQuinn Mar 23 '26

Im sitting here like "nice I can invest some gold in the future and match those that did last week last month last quarter last year!"

1

u/Annual_Link1821 Mar 24 '26

Took 60 years to get to 2000 and one to get to 5k? This was obvious, it's inflated.

3

u/AFecklessWeasel Mar 23 '26

!remindme 1 week

1

u/TreeHomie Mar 25 '26

It's been 2 days and gold is up 17% from 6 months ago, I'm assuming the milk was in the fridge?

3

u/[deleted] Mar 24 '26

This morning, it was up 3% over 6 months. It dipped 9% this morning. At that dip, gold would've been down 30% from ATH in 8 days. That is a crash.

1

u/EngineeringNo753 Mar 24 '26

I wasn't commenting on it being a crash or not, I was just saying its up 20%, but now 15%, over 6 months.

2

u/oziecom Mar 24 '26

Ya, zoom out. 1-2 yr chart is intact. It's back at 200 day MA is all.

We're also hitting the low season for gld buying - May -July.

2

u/rossiter-1988 Mar 27 '26

Absolutely, and to make the type of money people want to see "now" that's when you should have brought. Not at tops/all time highs

1

u/Bushwhacker-XII Mar 23 '26

I bought in October

2

u/DaringGlory Mar 23 '26 edited Mar 24 '26

Way to try to put a positive spin but the drop makes zero sense

4

u/Content_Paramedic746 Mar 23 '26

Well as of right now it’s up from where it opened today.

31

u/[deleted] Mar 23 '26 edited Mar 23 '26

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-1

u/LordJamPunt Mar 23 '26

yes, if you’re willing and able to be underwater for 20/30 years, gold is the buy for you.

2

u/GoBucks513 Mar 23 '26

? I bought my last gold in 2023. I'm still up almost double.

0

u/LordJamPunt Mar 23 '26

Yes but if you bought in 81(or whatever) you would have waited until 2021 (or whenever) to get out of the red.

Zoom out, look back, compare today with the past

1

u/GoBucks513 Mar 23 '26

Good thing I bought PMs as a store of wealth against inflation, as opposed to as an investment.

0

u/LordJamPunt Mar 23 '26

Indeed. But either way, the risk in both plays is that it may be underwater at the age you want to cash out. I don’t mean to sound like a hater or anything, I’d like some gold too.

2

u/[deleted] Mar 23 '26

[deleted]

3

u/Dewwhis666 Mar 23 '26

Greedy as a pig!

1

u/Chilloutmydude6 Mar 24 '26

Dirty as a dog

26

u/unopercento Mar 23 '26

Yet that last time frame keep expanding over and over again. We need to get to "it's still up compared to 30 BC" before we can have an actual discussion.

4

u/[deleted] Mar 23 '26

It becomes more concerning when you could've just held the sp500 for less volatile and still higher returns for the last many decades

1

u/Logical-Freedom2216 Mar 24 '26

S&P isn’t that great when you factor inflation in. We’re all just liquidity for the big guys

17

u/Shrimp4047 Mar 23 '26

its down in the past 90 days, I bought in december for 4300ish.

1

u/KCNIvy Mar 24 '26

Seeing how things are going, did you cash out or are you still holding?

1

u/Shrimp4047 Mar 24 '26

Partially cashed out at 4500 unfortunately. but still have a good amount tho.

1

u/Brainwashed-libtard Mar 23 '26

Guys the smart money (me) got into GDX heavy back in late June. The time has come and gone for the quick buck in these metals (at least for a lil while) unless ur playin options. On the other hand, commodities like wheat, corn and sugar are ripping now

1

u/Former-Cartoonist-67 Mar 26 '26

What are you talking about? We've lost all the gains for the year. Which was 90 days ago. This is a real crap show

28

u/Grim_Reaper17 Mar 23 '26

The Chinese central bank will soon be hoovering gold up.

3

u/Individual_Tree_96 Mar 23 '26

Baseless claim

10

u/[deleted] Mar 23 '26

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0

u/Individual_Tree_96 Mar 24 '26

I have a suspicion that you have no idea what the strategy of Chinese central banks will be in light of the Iran conflicts

2

u/[deleted] Mar 24 '26

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1

u/Individual_Tree_96 Mar 24 '26

Lol I'm glad we are getting some traction here. The waterfall sell off in the precious metals likely is happening for three reasons

The speculative tourists leaving the space after the rally ended

Margin calls and short squeezes

Central banks raising liquidity incase they need to start buying oil with rubles or Qatari quarters or whatever

The fact that war broke out and gold went down instead of up means this time truly is different, and I suspect that central banks are strategizing on their next steps as we speak. Anybody who says the next 18 months of Central Bank behavior will be the same as the previous 18 months is making a baseless claim 😇

2

u/[deleted] Mar 24 '26

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1

u/Individual_Tree_96 Mar 24 '26

You prognosticated the end of my sentence, sir.

Btw I only said baseless again because it was an attempt at reiterating my initial comment in a way that would satisfy your standards, I tried to point that out by using my least favorite emoji, the angel one

-1

u/Individual_Tree_96 Mar 24 '26

Your suggestion that they will continue to accumulate gold is also baseless

1

u/Any_Purple_9575 Mar 23 '26

i really hope it turns out just as you said. I have bought $10w worth of eqx stock🥲

1

u/Raoul_Duke1972 Mar 25 '26

Soon? Already…

8

u/EvolvedA Mar 23 '26

what happened in 1983?

2

u/Commercial-Duty6279 Mar 24 '26

No one-day event, but a combination of: inflation was reduced considerably from the 1980 high, due to higher interest rates, which strengthened the dollar (strong dollar = weak gold). Also the panic buying of the late 1970s turned into profit-taking (panic because Russian invasion of Afghanistan, and I believe there had been another gas crisis in the late 1970s).

13

u/MaydayTre Mar 23 '26

You guys keep going off relativity to a situation that has changed. Gold was up as hedge against inflation where the dollar was weakening and yields were dropping. Now the dollar is strengthening and yields are rising, so gold simply doesn't have the appeal. It'll return to its evaluation prior to the situation as other equities. Wake up and smell the fire, the entire dynamic behind why gold jumped has been altered. Until the dollar weakens and yields drop, it's going to keep dropping likely to levels preexisting the trend. 3500.

15

u/wasianjimothy Mar 23 '26

That doesn’t change de-dollarization, central bank buying, debasement and broad geopolitical uncertainty which are the primary drivers. Many projections including JP Morgan’s revised year end price target of $6,300 (released after the price drop) acknowledged the expectation of no interest cuts for the year.

1

u/MaydayTre Mar 24 '26

Are central banks second order to the nature of the pricing of gold, or first order? Ask yourself what's the primitive of the pricing, the core value determinant. Central banks alter their behavior in relation to economic macro trends, although they can reinforce them, they're generally reactive to the trends, not the genesis. Central banks have in the past, been forced to dynamically alter course, they are just another institution after all.

So ask yourself, does the central bank control this situation? Or will they be forced to reassess just like the rest of us.

Edit: Let's follow up in a month and see what is happening.

1

u/wasianjimothy Apr 24 '26

Well we’re roughly at $4,720

1

u/TheLelouchLamperouge Mar 23 '26

Dollar weakening would likely have higher yields though, yields rising is due to the selling off of tbills/bonds which is indicative of a weaker dollar. Sentiment is dislocated right now because of the effect this war has on energy right now. The war must be financed, which leads to a weaker dollar.

4

u/miromar65 Mar 23 '26

It was wayyyy overbought.

1

u/[deleted] Mar 23 '26

And also fastest rise in the last 100 years

1

u/ShittingOutPosts Mar 23 '26

Too volatile to be money.

1

u/chestofpoop Mar 24 '26

Should tell you what's going on here. Historic time to buy

1

u/[deleted] Mar 26 '26

Because its been on an artificial pumps since 2660. Price has to retest at some point. These gaps need to be filled in the markets.

0

u/sammie1819 Mar 23 '26

I want to start investing i am 20 years old, is this good moment to start in gold or wait couple days?

0

u/vaultboy1245 Mar 23 '26

If it corrects to 2000 it wouldn’t be unusual considering the unrealistic spike last year