not in the US

Worldwide kut but saw some investor Muricans say all in gold for their own safety.

Good la then, worldwide gold investors can die together with the muricunts hahaha

China will never back gold because of its large population it needs to feed. That's why from time to time they'll announce they discover large deposits here and there to break the worries of its holders among its population.

It is too scarce to hoard because it has >1 Billion population to feed. Only fiat paper money will get its people to create activity.

If its people continue to hoard gold they fear that their citizens will lose trust in their administration.

Think of it as you have a big crowd amounting to millions but if you only print say 10 redeem gift coupons to throw into the mass crowd, will it appeal or attract participants?

That is why the Chinese RMB is artificially inflated and its value is greatly suppressed. It has >1Billion citizens to handout which rely on it for daily transactions and living.

Yeah not good for short term profit taking. Too slow to rise but very stable price hold as safe heaven.

People who like to goreng stocks and take profit as a living will hate gold.

But the price is about right for people to take profit so they'll dump to reinvest into stocks that jump much faster in shorter time.

buy the dip

Short gold, 2800 inkambing

no wonder gold price go back down ler

Xi Ji Pee and wife selling their golds

What is the best price to buy?

Normally people go to pawn shop sell gold only when they desperately need money.....

nice to see so many Au eggspurts in /k

Only 1mil?

So poor.

just chump change to china, 2.7 billion usd

just a quarter of a day's worth of china's 2024 government expenditure

No money

When Ukraine sign the deal with us, it's a huge signal that the war over the is ending.

tenkiu, ayam buying

pls pls pls throw more millions of kg, not oz, of gold pls... flood the market is good... make it a cheap goods...

papa don't have gold and want to buy then when it reach 300 rm per gram.

Previous metal community is different fiat money, they're finite and will always remain the same no matter how many owners they change hands.

It's like say in a room there's 10kg of gold, there are 2 persons each hold 5kg each. Either person dumps it, the total amount in the same room remains 10kg no matter how many times the quota switches.

Fiat paper money is different on the other hand. It it created out of empty promises and debt agreements. It merely means print more when I borrow favors from another person promising you will repay back in amount equivalent to the money you plan to create out of thin air such as your owe me this many amount of goods, services, favors if I lend you this amount of money by buying your debt.

So when someone dumps treasures/bonds and agreements, it merely means the lender lost trust and pardoning you for what you owe him. Your paper is worth less because you are not honoring your promise/debt you owe the other person.

Gold is different thing, it's finite physical item and will remain the same amount who dumps it or buys it collectively.

When China dumps its gold, the total amount in the market still remains the same just changed hands to some new owner.
It is too rare to increase its fiat money distribution to satisfy its citizens. Unless they want to end up like very corrupted countries where the entire country's wealth is in the hands of few cronies...