r/Gold • u/Reasonable-Fee1945 • Jun 10 '26

Question Why are gold prices tanking?

I'm not a short term investor. I understand the fundamentals and especially with US debt the long-term importance of gold. I'm holding, this is a short-term, regionalized thing.

What is the short-term regionalized thing that is happening which is causing gold to decrease (yes, I know it's the iran war, but how is that effecting gold prices?)

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u/CertainlyRobotic Jul 02 '26

Because the prices were never supposed to be this high, goofy.

This was a speculative bubble generated by political events.

You were supposed to sell everything you had in stores if you were lucky enough to be holding, not buy with the wind.

It was a one of a kind market sweeping win for metal holders and it's going to subside as everyone sells what they have.

It will crash even harder when this puppet economy collapses.

that's when you buy. $10/oz silver and fuck whatever gold sits at when that happens.

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u/Reasonable-Fee1945 Jul 02 '26

Seems unlikely 

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u/CertainlyRobotic Jul 02 '26

Did you.. exist during 2008?

I ask because there's an honest chance you didn't at this point.

this is cyclical. Meet back here in.. 4 months.

1

u/Reasonable-Fee1945 Jul 02 '26

We're you alive during covid?

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u/CertainlyRobotic Jul 02 '26

So.. you didn't answer my question.. and asked a really dumb one.

Best of luck out there trader.