A lot of investment strategists buy gold as a hedge, that if their investment gets ruined, they can sell gold to cover the losses. If the system collapses, there will probably be a massive selloff, followed by a massive rise.
A lot of investment strategists buy gold as a hedge, that if their investment gets ruined, they can sell gold to cover the losses. If the system collapses, there will probably be a massive selloff, followed by a massive rise.
I hold quite a bit of gold but no Bitcoin, that was a fuck up. Gold is fine, I'm happy with that but the fuck up was because I never got into Bitcoin as I always thought it was priced too high, that was when it was at $800. Opps.
Yeah this is what some articles says there are going into more high-yield Investments. That doesn't mean if the economy goes really bad that gold won't Skyrocket. If it drops back down to $ 1,200 I'm in
I thought gold prices would go up during an economic collapse
Exactly ! I think the Globalists are celebrating their defeat of populism.
This is short-term noise.
https://www.kitco.com/news/2021-01-08/Can-gold-price-drop-below-1-800-next-week-Here-is-what-s-behind-the-shocking-selloff.html
https://www.kitco.com/news/2021-01-08/Gold-price-getting-crushed-here-s-why-and-where-it-s-headed-next-Gareth-Soloway.html
lol Biden's handlers plan on keeping the lockdowns and masks going until the middle class and small businesses are crushed. COVID19 is irrelevant
A lot of investment strategists buy gold as a hedge, that if their investment gets ruined, they can sell gold to cover the losses. If the system collapses, there will probably be a massive selloff, followed by a massive rise.
Uhhhh, isn't it supposed to do the opposite when the economy collapses? lol.
The price of “gold” reflects an inventory of “gold” that is 95% paper gold having no right of delivery, and 5% actual gold.
The two need to bifurcate for gold’s true price to be revealed.
Until then, keep stacking discount gold at the expense of everyone buying paper “gold”!
Nah it’s just you were paying a risk premium last week with the uncertainty of the electoral vote.
Also the price of gold, in dollars goes down in a deflation
A lot of investment strategists buy gold as a hedge, that if their investment gets ruined, they can sell gold to cover the losses. If the system collapses, there will probably be a massive selloff, followed by a massive rise.
$600 investment in gold and or silver...😉
People are diversifying into Bitcoin as a store of value.
Cleaver Pede, that is exactly right.
I hold quite a bit of gold but no Bitcoin, that was a fuck up. Gold is fine, I'm happy with that but the fuck up was because I never got into Bitcoin as I always thought it was priced too high, that was when it was at $800. Opps.
It's priced too high now though, right? ;)
LOL, who the hell knows, Bitcoin is just crazy.
Madness. The encryption algorithm it uses and that the government so generously gave the world is almost certainly compromised.
Only stocks will rise to infinity... Gold will rise again patience
Yeah, gold isn't really a good short term trade, I hold quite a lot of gold and movements like this doesn't worry me at all.
Maybe our new commie gov is about to confiscate it again?
In my opinion it’s all about the commercials hedging.
Small and large specs got trapped.
Should the hedgers decide not to deliver they can make price rise by covering their hedges and sell at spot.
Gold should rise to $2250-2300. IMO.
We could have one more long bar and then stabilization over a couple weeks.
and yet, it's still higher than 30 days ago.
Look at the price 1 year ago. Look at the 5 year trend. Same with silver.
Nope, it's inflation going up along with bond yields.
Gold has negative carry.
Better own bonds, because they have positive carry and backed by Fed (that's the logic anyway).
Big money needs to earn yield, they can't park in gold forever.
Price Inflation will be the word of 2021, while the economy will continue to stagnate.
This is poison for gold.
USD is losing value.
US bonds are based off USD.
Gold is 'universal' and not based off USD.
'It's better to have bonds over gold'.
wat?
Positive carry and EM bonds.
Institutions must produce yield.
Don't be stupid, think it through.
And don't trust me, look at gold price and international money flow numbers.
Why would anyone buy bonds?
You consider it wise to compete for those bonds with a party who can print money to buy them (the Fed monetizing treasury debt)?
I don’t!
Well shit!
This has more to do with manufacturing! We can’t make anything while not being able to work! The slow down occurred last March
Perhaps they have flipped into bitcoin, where they don't hold physical gold.
Yeah this is what some articles says there are going into more high-yield Investments. That doesn't mean if the economy goes really bad that gold won't Skyrocket. If it drops back down to $ 1,200 I'm in
For sure, it will be back but, bitcoin may have a way to go, yet.
Could gain as much as 25%, I hear but, don't invest on my word!
Historic precedent says we haven't really hit insane rally mode yet. Of course, insane rallies are always followed by a correction.