I would like to add that at some point in the next two years the best item to invest in will be disposable luxuries. You want them after production ends and there are large discounts, but before production levels off at much more expensive, smaller production levels. Although I'm not sure how the Veblen effect will affect this.
Please don't start saying this is irrelevant because it happens on reddit. Reddit was right.
I'm not sure what the price of gold exceeding 1000 USD/ounce has to do with reddit, but I'm not sure what it has to do with hacker news either.
About as little as does the fact that by the end of the day it was back below 1000 - virtually where it started the day.
Henny Penny, however, is taking cover.
It's a sign that fear still hasn't peaked. That's interesting.
It's risen like 50% YoY. It has been, by far, the best investment vehicle from September on.