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RE: GOLD: Are you a GOLD Bug? Just Because It Glitters Doesn't Mean you Can't Wait to Buy!
Woa that's surprising. I guess with crypto being so dominate, ppl are just moving money from other assets into crypto!
In MicroEconomics, it's called Grisham's Law. Bad money drives out the good money. People are opting out of fiat and opting into cryptos.
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haejin,
What about Silver? Are you also bearish on Silver?
Master this time you are wrong you miss fractial https://www.tradingview.com/x/q7Rhh2cM/
Even your comments are educational. Thank you so much for all the information.
Gold will always be a solid investment and a good place to put your crypto profits for the long term- like cold storage
You should never use a word "always" when it comes to investments.
I agree but gold and silver are a storage of wealth to me not a investment i put fiat that i dont plan on touching for at least 10 years in to gold snd silver
I agree, except for gold...
Can we use 'never ' ? :-p
no
@theessential @hashbox , I agree with both of you... gold could be an interesting place to put some crypto profits (and funny: taking fiat --> crypto --> gold or fiat --> crypto --> fiat --> gold)... AND we "should never use a word always" nor never and ever... cheers.
Luckily, there are bitGold and bitSilver available in BitShares DEX.
Why wouldn't you want the real thing if you dont hold it you dont own it
I would agree in with “always” not being the right word in most context. Gold is a non renewable resource the has done nothing but go up over the years. As the supply becomes more and more scarce it will continue to rise. So I stand by my always remark when talking of gold.
Don't forget that it's possible, and becoming more viable, to mine asteroids in flight. This added variable can significantly increase the supply of metals like platinum, gold, silver, etc.
https://www.reuters.com/article/us-space-mining-asteroids/gold-rush-in-space-asteroid-miners-prepare-but-eye-water-first-idUSBRE9AK0JF20131121
Yes !!! But in that case we have to count the costs of mining and shipping it to earth ...
which costs? with slavery work it is almost for free!
I guess there is plenty of asterioids to go round hahah good point
That is if you believe there is an `Outer Space' to visit, even if we can get there, that everything that NASA puts out, from claimed Moon landings to the manned ISS, from the Space Shuttle to Mars expeditions, is faked, a hoax, or you follow the Bible's teachings that we live on an inescapable, flat, fixed Earth, enclosed in a firmament with just stars, Moon and Sun rotating above us and there is no Universe, as I do. I'll keep buying gold.
The bible never said anything about a flat earth.
If it did, then show me the exact quote. If it has to do with a "four corners of the world" type of mention, which is what I've been lead to assume is the culprit, well, then, you need to take a lesson in metaphors and figures of speech before you jump to conclusions. Not everything ever uttered by man, and perhaps even God, is literal.
Because of tax laws in Canada, it can be more advantageous though to own actual silver or gold instead the bit versions.
mmm.... I don´t know... when do you want gold or silver, you don´t want just a bit, isn´t it?
I wonder if there is an inverse correlation between BTC vs. Gold when you compare the charts...???
lol
Would mean a lot of huge banks and investors actually bought BTC saying that it isn't a currencie and that it is a bubble, would be so hypocritical, but really possible.
Do you see the same pattern in gold as measured in other fiat currencies such as the AUD also, or could this downturn be USD specific mainly?
Silver has formed a relatively long term cup and looks like it's finishing the handle. This is a dual purpose HODL commodity that needs attention..
Yes silver looks nice!
The correction lasting from 2011 seems done, and I see the cup and handle from 2014 till now that you mention! Look out, baby on board! :)
Again, thanks for the tip!
live-and-learn (37) Yes and a relatively longish reverse head shoulder formation https://goldsilver.com/blog/clive-maunds-silver-market-update-1/
Silver cup handle that I'm referencing goes all the way back to 1980! It could take another year to complete and when it does $600 will be chump change! My opinion only(disclaimer ;)
Whatttt! The chart only allowed me to go back 10 years, so I completely missed it! :)
Love the coffee drawing, an image is really worth 1000 words! Have you started laddering in yet?
laddering in yet? Of course, yes but my strategy differs from yours. Lets say some prefer diverse portfolios. I also hold Gold stocks and Bitshares, TRX and XVG cheers
The chart looks like half the cryptos I bought :-) without the huge uptrend (in cryptos was when they got on the market). I guess we have finished correction, but also wave 1 and 2, wave 3 is coming !!!.
I agree. According to the silver chart, I believe it is in a buy range. What is your opinion, @haejin? Thanks.
My thoughts exactly :) I think it is soon time to start ladder in, but could there be a lower low before the uptrend you think?
Interesting :)
I agree 100%! I would never have guessed this would happen to the gold price, but given that people will be selling their grandmothers to get into crypto in 2018, they will probably be selling (her) gold too! Oh man, that was just a little joke...love to all the grandmas of the world...anyway grannies just might try to sell their own gold, (and possibly their grandchildren, hehe) for the same reason. Makes sense @haejin! But I know... you do the chart and the news will come up to meet the TA:) We shall see what the news actually is!