Powell: Don't take much message from rise in price for gold | Crypto Craft

  • Powell: Don't take much message from rise in price for gold

Added at 2:16pm

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Riziq-Cap
Jan 28, 2026 3:08pm
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Once civilization became sophisticated in economics, the Golden Islamic Age, during the 700-1300, proved you can run an honest economy without gold, and prosper.

I am very much against FIAT currencies because we live in a very immoral time, but gold is not the solution.

You cant eat gold, you cant use gold to grow food or produce water, you cant use gold to build a house, gold as a tender, just like FIAT, its value is tied to what we believe its worth.

At least with FIAT, you don't need to destroy the ecology to dig it up, one tree can produce enough money tender to support a small town.

The people who have horded, including stealing most of the gold the last 5 centuries have convinced the plebs that gold is actually money, because they own most of the gold!

They can do nothing with this gold unless we(plebs) express desire to exchange it for our service.
- When the rich people of the world owned all the land, it was visible, so you had revolts and the rich lost their power, this way, they invented something they could store their wealth in, without it being visible to the eye, with other words, hiding their wealth.

5 Hectares of land is worth more then 5 tons of gold.
Nordling
Jan 28, 2026 4:21pm
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Quoting Trader#1257
bruh gold is true money not for 5 century but for 1000s of years. take ur religion preaching to religious website
Where does he talk about religion you stupid fucking idiot? He is talking about fiat currencies being worthless and land being more useful than a metal. You are so butthurt over a word that you miss out on the rest of the text.

Now go apply some butt cream and next time you wanna play with yourself use some baby oil before you hurt yourself.
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Riziq-Cap
Jan 29, 2026 1:31am
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Quoting Nordling
{quote} Where does he talk about religion you stupid fucking idiot? He is talking about fiat currencies being worthless and land being more useful than a metal. You are so butthurt over a word that you miss out on the rest of the text. Now go apply some butt cream and next time you wanna play with yourself use some baby oil before you hurt yourself.
Some of the users here are like rocks.

The first instance of recorded money tender is clay tablets - why something as abundant as clay? Because the value is not in material, but instead what we perceive it to be.

In a moral and just society, including its leaders, dont need something scarce to act as money, only something that cant be duplicated without authorization.

The value of an economy is not the amount of gold it have, but its people and their productivity, we are the value.
- Gold will act as a proxy in this instance, removing the value from us and giving it to something scarce, such as gold - which we dont even own.
cryptocow
Jan 28, 2026 3:00pm
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I bet this dude has at least four Good Delivery bars in his basement.
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KimKim23
Jan 30, 2026 3:05am
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Quoting Riziq-Cap
{quote} Some of the users here are like rocks. The first instance of recorded money tender is clay tablets - why something as abundant as clay? Because the value is not in material, but instead what we perceive it to be. In a moral and just society, including its leaders, dont need something scarce to act as money, only something that cant be duplicated without authorization. The value of an economy is not the amount of gold it have, but its people and their productivity, we are the value. - Gold will act as a proxy in this instance, removing the...
Money is a value exchange system, so that value can be in any form that the society of that time deems to be important. Humanity is a depreciating asset (we have an expiry date) so the most valuable resource for us is time because we have to acquire things within a certain time and we get to keep them and enjoy them also for a certain time. Time is the real money and if we found a way to have a time-value system, then i think the world would be more equitable and our lives on this earth would be more meaningful. We just have to evolve out of the current capitalist/banking system.
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Schultz
Jan 29, 2026 12:02am
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I dislike one liner messages such as this. They are open to be misinterpreted. There is no context, no explanation and no analysis.
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yudhasby
Jan 28, 2026 5:07pm
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Powell: Don't take the gold price rise too seriously; what does that mean? Will gold prices fall?
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Trader#7F62
Jan 28, 2026 9:17pm
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Quoting yudhasby
Powell: Don't take the gold price rise too seriously; what does that mean? Will gold prices fall?
Anything that goes up , has to come down one day and anything that falls , has to rise one day. Well who knows what is in store for the future.
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Al.Ghalib
Jan 28, 2026 10:48pm
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So the fall of gold is very close. With Powell's departure, the new chairman will raise the dollar price and gold will fall, then it will adjust to the rhythm again.
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Al.Ghalib
Jan 28, 2026 10:49pm
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Remember that at the end of February, 1 ounce of gold will cost 6,000 gachons.
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Trader#A930
Jan 28, 2026 2:14pm
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Look at the debt and say dont take much from prices??
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Trader#C229
Jan 28, 2026 2:21pm
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when you're blind, compromised and deaf

one is unable to understand the rise of PM
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Trader#465E
Jan 28, 2026 2:24pm
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Good
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Trader#7F62
Jan 28, 2026 9:16pm
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Quoting yudhasby
Powell: Don't take the gold price rise too seriously; what does that mean? Will gold prices fall?
possible, just like bitcoin fell down hard
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Trader#6715
Jan 28, 2026 10:34pm
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A very strong rise in gold is certainly equal to a very strong fall.
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Trader#1257
Jan 28, 2026 3:20pm
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bruh gold is true money not for 5 century but for 1000s of years. take ur religion preaching to religious website
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