[quote=The-Shoveler]Dollar making a comeback today,
Some analysts are saying Gold overvalued here.

IMO Its not really possible to put a hard number on gold as it has not much real piratical value so it is whatever anyone is willing to pay IMO.

Silver has piratical Value IMO but that may actually work against it in terms of how high it can go (and how long it can stay there for any length of time).[/quote]

The question is, overvalued compared to what?

Tesla?
Cash in bank?
Nasdaq?
Silver?
Bonds?

You gotta put money somewhere. To say something is overvalued requires a specific thing to measure against. so, overvalued against what?

It also requires a time frame. Overavalued against that asset today, or 3 years hence, or 10?

In a world of asset inflation, why is gold not part of that club of assets that can double or triple for no real reason?

Gold is almost like a schoolmarmish scold, a lecturer of limits, of the silliness of so many business ventures and the hubris of great leaders and nations and central banks. we want it not to
exist, because it’s so heavy, slow, incapable of being doubled and redoubled at a moment’s notice. it just is.

but if its just a pretty, useless trinket, why do countries clutter their bank reserves with shitloads of it? It is not a useless trinket.

If anything is true, it is a store of value. how reliable a store is up for question, but it is not a trinket.

I dont know. But it is funny how much trust we have in bits of paper and promises, including gold etfs, and how little faith we in general have for the universal money that will survive the downfall of every current nation on earth.

Personally, the risk of holding a hard asset to me seems greater than the risk of holding paper promises. so i am not contrarian in terms of being a guns, gold and MREs type person.

I believe in the SEC. I believe in financial markets. I believe in vanguard.

And I like having most of my retirement money in the stock market, cause, like, when you live in a society, you’re kind of forced to live within the normal strictures of it all. you cant fight the fed, as they say. the market is the main game in town.

But in times of uncertainty, what is that value of an asset that will always exist and always have value, independent of any nation or its debts or prospects? with extra cash sitting around, what does one do?

And isnt the lesson of the times not to sell when an asset is merely overvalued, but when its in an absurd bubble, given the money sloshing about the system?

I may have no perspectives, but stocks seem like a silly bubble, with no end in sight, and gold seems about fair value.