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RE: Gold at $1,246 / Silver at $16.47 - Thoughts in the Market of Precious Metals
do you believe, the system will go back to a gold standard?! i don't. but i agree, it's time to buy ;-)
do you believe, the system will go back to a gold standard?! i don't. but i agree, it's time to buy ;-)
I look at the whys of things.
Why is china buying so much gold?
When you look at the world clock and see what silver and gold ratio to the dollar really is, it will knock your socks off!
Here's the link, look at the bottom right side.
http://www.usdebtclock.org/
i know the clock. i think cryptos will lead the way and at least pm's will follow...
i agree.
No. They will do something else. Yet Gold and Silver will go up and correct to fair market value.
we need a real free market first, don't you think...
That would be the free market value right? So then I would say the answer to your question would be yes .
Crypto is here to stay, just which one will become the new king dollar?
Not even bitcoin is 100% guarantee.
What if the government comes out with their own crypto, which is what I believe. But here we go back to centralizing it again.
For bitcoin to work and others banks have to fail right?
No body wants to deal with the corrupt money laundering banks! It's what makes crypto so attractive.
A currency they cannot control.
Unless like I said they come up with their own, join the game and back it with something, and I think it would be gold and silver.
i agree with you, except one point. i don't think, the central banks will back their own cryptocurrency with precious metals, especially the u.s. fed. it might be possible, the russians or chinese will do it, but neither the american nor the european.