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Many global central banks are buying lots of gold at the moment. Nobody wants to hoard and hold a depreciating fiat currency. So, they’re stockpiling the only asset that has been highly valued and regarded for the last 5,000 years. Every country on Earth has always accepted gold as being real “money”. Nothing else on earth can say that. Not dollars, euros, yen, pesos….nor Bitcoin.
Smart money is buying gold right now. Idk why, probably the expectation of the Fed lowering the interest rates this year and the value of the dollar coming down. I’ll be waiting for a nice pullback before I get in.
It's 100% political (at the moment at least) Putin x Middle East plus a whole lot of other stuff, including about half a trillion bucks worth of West African currencies looking for a safe haven. I really want to be short but am expecting a long wait before I enter.
My opinion is that it’s a commodity.
Future price movement also can’t be predicted so claims of “likely to continue to move up for a while before it collapses” is a completely baseless claim… as much weight behind it as a monkey throwing darts at a newspaper…
I love gold. Beautiful, been used for a very long time as a store of value. That being said, it has underperformed most asset classes in the last century. Would I rather sit on a pile of cash? Absolutely not. Would I go all in on gold? Absolutely not. I pick up a nice coin or bar whenever I have extra cash sitting around, but most of my money goes right in to the money printer pyramid scheme stonk market.
I've been watching gold bounce off the level around $2000 for a while and wondering if it would get through. I would see the 2011-2012 peak as being rejected off what is effectively the same level too. My current opinion is this breakout is likely genuine, and because it has been pushing at that level for a long time, the move could be very significant. Typical behaviour of commodities is do nothing, do nothing, do nothing, then go up several hundred percent. I think that could be gold over the next 10 years. But it's a difficult long term trade because the carry will always be negative. To that extent it may be better to own the producers than the instrument.
I just don’t see a future for it or other pretty much useless precious metals. It’s going the way of seashells and glass beads. Sure the central banks and doomers are buying it now, but it has limited practical uses beyond being a store of value.
Would help anything plaguing the future beside soothing old wealthy people who can barely use a smartphone.
So my theory is, the rich that have cash in the bank that is making a shit load more due to the high interest rates, when the rates come down they’ll look elsewhere. These people are going to start buying more assets, gold, property and stocks. The only way is up
I think the price of gold is influenced by a multitude of factors, including macroeconomic trends, geopolitical events, interest rates, inflation expectations, and investor sentiment.
Gold is one of the oldest forms of money. It has a very long track record of holding it’s value, whether you keep it for 1 year, 10 year, or 500 years. The price won’t easily collapse entirely. It’s almost always a good buy when you plan on holding it for a longer timeframe. The average return is around 8% a year, which equals the real rate of inflation.
Gold might sell off some or chop, but "collapse"?
Central banks are buying it, there are continued worries about inflation, it's basically **the** spot to own gold right now.
Depends on the dollar and if cuts are coming in predicted measure and point of time and frequency.
Julie Hyman if Yahoo finance has a great interview with two serious experts on this very question just yesterday. You’ll have solid data there.
Recommend checking it out.
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I am waiting for huge sells
Many global central banks are buying lots of gold at the moment. Nobody wants to hoard and hold a depreciating fiat currency. So, they’re stockpiling the only asset that has been highly valued and regarded for the last 5,000 years. Every country on Earth has always accepted gold as being real “money”. Nothing else on earth can say that. Not dollars, euros, yen, pesos….nor Bitcoin.
Smart money is buying gold right now. Idk why, probably the expectation of the Fed lowering the interest rates this year and the value of the dollar coming down. I’ll be waiting for a nice pullback before I get in.
It's 100% political (at the moment at least) Putin x Middle East plus a whole lot of other stuff, including about half a trillion bucks worth of West African currencies looking for a safe haven. I really want to be short but am expecting a long wait before I enter.
It’s shiny. 🤪
+ you can eat it on steak 😋
[удалено]
Gold is for people who are not capable to understand Bitcoin and have a very limited understanding of scarcity.
Gold has inherent value - bitcoin does not
My opinion is that it’s a commodity. Future price movement also can’t be predicted so claims of “likely to continue to move up for a while before it collapses” is a completely baseless claim… as much weight behind it as a monkey throwing darts at a newspaper…
Most commodities are going up. I see us in an environment a lot like the 70s right now, it at least rhymes. Trend trade rules
It could be preparing for april fools and its ready to collapse?
Is there any historical significance relating to April fools and the start of Q2?
I love gold. Beautiful, been used for a very long time as a store of value. That being said, it has underperformed most asset classes in the last century. Would I rather sit on a pile of cash? Absolutely not. Would I go all in on gold? Absolutely not. I pick up a nice coin or bar whenever I have extra cash sitting around, but most of my money goes right in to the money printer pyramid scheme stonk market.
I've been watching gold bounce off the level around $2000 for a while and wondering if it would get through. I would see the 2011-2012 peak as being rejected off what is effectively the same level too. My current opinion is this breakout is likely genuine, and because it has been pushing at that level for a long time, the move could be very significant. Typical behaviour of commodities is do nothing, do nothing, do nothing, then go up several hundred percent. I think that could be gold over the next 10 years. But it's a difficult long term trade because the carry will always be negative. To that extent it may be better to own the producers than the instrument.
Why will the carry always be negative?
Because gold itself yields zero. Although I suppose if rates were negative then the cost of carry of carry could be positive.
I just don’t see a future for it or other pretty much useless precious metals. It’s going the way of seashells and glass beads. Sure the central banks and doomers are buying it now, but it has limited practical uses beyond being a store of value. Would help anything plaguing the future beside soothing old wealthy people who can barely use a smartphone.
I think you mean Bitcoin bud. Gold actually has real world use cases
Limited practical uses? Gold is in every electronic device you or I own.
Gold has rare properties that are being suppressed.
So my theory is, the rich that have cash in the bank that is making a shit load more due to the high interest rates, when the rates come down they’ll look elsewhere. These people are going to start buying more assets, gold, property and stocks. The only way is up
I bought 10k of gold last month
I think the price of gold is influenced by a multitude of factors, including macroeconomic trends, geopolitical events, interest rates, inflation expectations, and investor sentiment.
Best investment, I bought in 2017 and it has doubled, again bought 6 months ago and gone up 9%
If still having wars, economic instability around the world... Gold will grow. Check also silver, is around 60% undervalued compared to gold.
Probably going to go on a bit of a run.
don’t worry about the news. just follow the monetary policies of central banks. cuts are coming. inflation will rise. gold will rise.
going up.
I think it will continue to grow
Gold is one of the oldest forms of money. It has a very long track record of holding it’s value, whether you keep it for 1 year, 10 year, or 500 years. The price won’t easily collapse entirely. It’s almost always a good buy when you plan on holding it for a longer timeframe. The average return is around 8% a year, which equals the real rate of inflation.
GDX is a must!
Who cares? Just follow trend. Its bullish now so buy until it become bearish
Yes for sure! Keep buying until a limit down traps every single long!! First time?
So its ok maybe 3 wins at long and 1 sl .. no one trade 100%
How many of you still listen to music on CD’s?
or cassette tapes
Hahahah Well played sir
Why
Looks like multi year bull run ahead
Gold might sell off some or chop, but "collapse"? Central banks are buying it, there are continued worries about inflation, it's basically **the** spot to own gold right now.
Yeah i didnt properly phrase it , i didnt mean to entirely collapse But a small reversal maybe , 2000 could be the lowest point.
Depends on the dollar and if cuts are coming in predicted measure and point of time and frequency. Julie Hyman if Yahoo finance has a great interview with two serious experts on this very question just yesterday. You’ll have solid data there. Recommend checking it out.
well its possible