# Gold is money all the rest is credit **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [October 29, 2023, 4:57pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800 "2023-10-29T16:57:01Z")\ **Posts on this page:** 14\ **Page:** 1
**Author:** ![Divitias](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/divitias/32/9302_2.png) [@Divitias](https://discussion.fool.com/u/Divitias)\ **Post date:** [October 29, 2023, 4:57pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/1 "2023-10-29T16:57:01Z")
So said J P Morgan. Still pushing gold > **[Time to increase allocation to gold - JPMorgan's Kolanovic](https://www.kitco.com/news/2023-10-18/Time-to-increase-allocation-to-gold-JPMorgan-s-Kolanovic.html)** > > (Kitco News) - Equity markets in the U.S. and around the world remain overvalued and geopolitical risks continue to intensify, making it a good time for investors to increase their allocation to gold, according to JPMorgan Chief Market Strategist... ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [October 30, 2023, 1:46am UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/2 "2023-10-30T01:46:14Z")
Finally a different post, thanks! I am being sarcastic. I remind you gold is hedged. ---
**Author:** ![Inspired2learn](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/inspired2learn/32/3242_2.png) [@Inspired2learn](https://discussion.fool.com/u/Inspired2learn)\ **Post date:** [October 30, 2023, 2:14am UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/3 "2023-10-30T02:14:04Z")
This Kolanovic guy is totally unreliable…Oh he will be right at some time, and the market will crash and he can say I said so…But he is a classic… This guy was bullish on the market all the time in 2022…and the market kept going down, and down and down…Then, he totally gave up and flipped on…wait for it… 18th Oct 2022!!! and said the market will crash…what a call, and how timely!!! and of course, he has continued to say that…he has to…It would be the death knell for his career if he now switched to a bullish call, and then market crashes…Good for him, if he keeps persisting, he is going to be right!! the only sad part is, the nasdaq rallied more than 40% in the interim, and has given back 10%, but it is still up 32% since his Oct call. # JPMorgan strategist and one of Wall Street’s most vocal bulls just got a lot more wary of the economy > **[Wall Street’s most vocal bull just got a lot more wary of the economy | Fortune](https://fortune.com/2022/10/18/jpmorgan-strategist-marko-kolanovic-wall-street-most-vocal-bulls-more-wary-economy/)** > > JPMorgan chief strategist Marko Kolanovic shifts more in line with his CEO, Jamie Dimon, and scales back his bullish calls on the economy. ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [October 30, 2023, 2:28am UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/4 "2023-10-30T02:28:17Z")
When you know a lot of richer people are selling you need to find someone who will buy. It is all really a very innocent mistake. ---
**Author:** ![Inspired2learn](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/inspired2learn/32/3242_2.png) [@Inspired2learn](https://discussion.fool.com/u/Inspired2learn)\ **Post date:** [October 30, 2023, 2:33am UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/5 "2023-10-30T02:33:36Z")
> [@Leap1](#): > > It is all really a very innocent mistake. Nice one 😀 …Innocent mistake indeed…I don’t know how these folks who purposefully do such things are able to sleep at night! ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [October 30, 2023, 3:10am UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/6 "2023-10-30T03:10:53Z")
No one really cares how they sleep least of all them. Remember if an analyst is writing such crap he and his end of the investment house are plain stupid. Meaning he can not time the markets. He is not the talent. He has no job without bsing. ---
**Author:** ![Divitias](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/divitias/32/9302_2.png) [@Divitias](https://discussion.fool.com/u/Divitias)\ **Post date:** [October 30, 2023, 5:12pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/7 "2023-10-30T17:12:45Z")
> [@Leap1](#): > > When you know a lot of richer people are selling you need to find someone who will buy. > > It is all really a very innocent mistake. It’s the rich people who are buying gold, along with central banks: > **[The world's super-rich are hoarding physical gold: Morning Brief](https://finance.yahoo.com/news/gold-high-net-worth-wealthy-hoarding-physical-gold-morning-brief-111534226.html)** > > Distrust of banks and governments has high net worth individuals buying bullion and storing them in their vaults. [https://www.reuters.com/markets/commodities/central-banks-bought-most-gold-since-1967-last-year-wgc-says-2023-01-31/](https://www.reuters.com/markets/commodities/central-banks-bought-most-gold-since-1967-last-year-wgc-says-2023-01-31/) ---
**Author:** ![Hawkwin](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_green600.png) [@Hawkwin](https://discussion.fool.com/u/Hawkwin)\ **Post date:** [October 30, 2023, 5:30pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/8 "2023-10-30T17:30:30Z")
No, it was rich people that BOUGHT gold (your article is from 2019) - four years ago, pre-covid, when gold was @ $1460, and when buying gold was a good speculative investment (and when no one was talking about it). Not so much now in 2023 when it is at an all time high. My bet is that the rich are the ones selling the gold now - like all the [gold.co](http://gold.co) companies you hear on the radio today - sellers, not buyers. Ya know, for someone that claims gold is only about 10% of their portfolio, you seem to spend 90% of your posts related to it. Hawkwin BMB prediction, gold will be lower one year from today assuming the Israeli war remains two-party intrastate. ---
**Author:** ![bjurasz](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/bjurasz/32/7233_2.png) [@bjurasz](https://discussion.fool.com/u/bjurasz)\ **Post date:** [October 30, 2023, 5:37pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/9 "2023-10-30T17:37:33Z")
Funny how all these dealers hawking “real money” are fine taking my worthless fiat currency in exchange for their gold… 😃 ---
**Author:** ![PucksFool](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/pucksfool/32/47955_2.png) [@PucksFool](https://discussion.fool.com/u/PucksFool)\ **Post date:** [October 30, 2023, 5:47pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/10 "2023-10-30T17:47:57Z")
I have one word for you. One word. Potatoes. It’s not my word. It’s Terry Pratchett’s or more accurately Moist von Lipwig’s word. ![image](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/e/0/e0a2e87936d1587fb59b947f770397e912438a6a.png) ---
**Author:** ![zippy42](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/zippy42/32/8478_2.png) [@zippy42](https://discussion.fool.com/u/zippy42)\ **Post date:** [October 30, 2023, 9:22pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/11 "2023-10-30T21:22:36Z")
It’s a good question to ponder. @Divitias - who do you think is selling the gold to you? Are you buying from miners or from someone else? ---
**Author:** ![Hawkwin](https://g.foolcdn.com/misc-assets/discourse-member-avatar_120px_green600.png) [@Hawkwin](https://discussion.fool.com/u/Hawkwin)\ **Post date:** [July 5, 2024, 1:08pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/12 "2024-07-05T13:08:24Z")
> [@Inspired2learn](#): > > This Kolanovic guy is totally unreliable…Oh he will be right at some time, and the market will crash and he can say I said so…But he is a classic… Update. A rare sign of accountability. > **[JPMorgan’s Kolanovic to Exit Amid String of Poor Stock Calls](https://www.advisorhub.com/jpmorgans-kolanovic-to-exit-amid-string-of-poor-stock-calls/)** > > Marko Kolanovic, JPMorgan Chase & Co.’s chief market strategist and co-head of global research, is leaving the bank. ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [July 5, 2024, 3:16pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/13 "2024-07-05T15:16:17Z")
> [@Hawkwin](#): > > BMB prediction, gold will be lower one year from today assuming the Israeli war remains two-party intrastate. Not a massive rise but this was wrong. ---
**Author:** ![PucksFool](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/pucksfool/32/47955_2.png) [@PucksFool](https://discussion.fool.com/u/PucksFool)\ **Post date:** [July 6, 2024, 10:51pm UTC](https://discussion.fool.com/t/gold-is-money-all-the-rest-is-credit/97800/14 "2024-07-06T22:51:26Z")
I’m sticking with potatoes. Triple fried chips are my gold.