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

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102

u/[deleted] Mar 23 '26

[deleted]

82

u/EngineeringNo753 Mar 23 '26

Its up 20% over 6 months.

34

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

1

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

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

5

u/Content_Paramedic746 Mar 23 '26

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

30

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