Comments by "wvu05" (@wvu05) on "Stocks Lowest in 14 Months, Worst Year in a Decade" video.

Rakly3 Gold has not kept pace with inflation over the last 400 years. People talk about investing in it, but gold is not really an investment. An ounce of gold will be an ounce of gold. An investment hopes that, say, 1% of Coca-Cola will be bigger as the company grows.
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@MrSuperbeast92 The price of gold eight years ago was $1889 an ounce. Today, it's $1256. That's a bigger devaluation than the dollar has had over that same period of time. Fiat currency became the dominant mode for the simple reason that metal currency puts limits on the ability of economies to grow, and there isn't enough gold in the world to pay for money now. Adopting a gold standard would mean economic chaos.
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@MrSuperbeast92 So, you want a standard that is only worth more about 10% of the time, and proved to be so disastrous 85 years ago during a depression that we started to abandon it?
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@MrSuperbeast92 That is straight up price, not real dollars. The price of gold has fallen 33.5% since 2010. Inflation in that time has only been 13.5%. According to that handy-dandy inflation calculator, $1889 in 2010 would cost $2183, so in constant dollars, it has fallen 42.5%. Some investment!
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Rakly3 Gold has lost over a third of its trading value over the last eight years. Not in real dollars, but actual sticker price. The only way that it will do you any good is if the world economy totally collapses in a way that makes 1929 look like a hiccup. You can hold onto whatever you want, but unless someone in future world agrees that gold is the thing of value, you're out of luck.
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Rakly3 Well, it's just obvious that the paranoia is strong. You think the world economy will totally collapse in two years? Not a recession, but a total collapse? I'm 39, and I've been hearing these predictions most of my life. I hope you have your special apocalypse MREs in your bunker.
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Rakly3 I looked at the link, and it said that a gold "bull market" comes when the ratio is over 4.8. Never mind that the last gold bubble came when the ratio was much lower than 4.8, but the ratio has been falling, and inflation has still been around the 2% range. Hardly the 1970s. Make sure the evidence you provide says what you say it does, because we can check.
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Rakly3 I hadn't saw those. I was referring to your prediction that we are two years away from a global collapse. Yes, I have been predicting a bear market for a year and a half (the P/E ratios were way too high), but there is a difference between saying fundamentals don't look great and something along the order that we haven't seen in 150 years is coming.
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Rakly3 I have been replying during downtime at work. I'll have to do the deeper dive if it is remotely lengthy at all later tonight. I don't want you to think that I am avoiding what you are presenting.
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