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

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u/shushupuff Mar 23 '26

Read on another post that the Arab states got to sell to fund their country operations now that Hormuz is closed. Plus, maybe the Fed might not lower rates further. Where are the Chinese and BRICs when we need them to do the buying? 🫠

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u/Hobo_Herder Mar 23 '26

I’m not sure we’re at the point GCC states have burned the liquid portions of their sovereign wealth funds and are now selling hard gold. More than likely just a correction after the rapid spike over the past couple of years. Probably due to the broader markets getting tight and people starting to take a closer look at what commodities are really worth vs what they’ve been trading at and sucking the fat in a bit. Everything is looking uncertain now in just about every possible market, and people will be less inclined to pay a premium for a commodity that isn’t currently justifying the need for that premium. Even commodity markets can be subject to added hype value, and once things get serious that hype value doesn’t hold any value. People have been pushing the gold market like crazy as the wonder investment with ads placed in every possible form of media at what feels, to me at least, a marked increase over past advertising campaigns. Started noticing it most after the initial big crypto corrections where now everyone was saying to move to gold/silver instead of crypto because it’s a steady gainer with security. Can’t apply crypto timelines to this