Bitcoin Forum

Gold price was $1660/ounce in 2013. Now Gold is $1200/ounce. Silver fell to $15/ounce from $50/ounce. Stock markets/DOW Jones have gone up from 14000 to 26000.

The cartel of giant banks like Goldman Sachs, JP Morgan, HSBC etc who are worth multi-trillion dollars are nothing but they have all the money from worldwide people which they use to bring down gold and silver price and push up stock markets [money creating money or money from thin air]. The useless wealth management programs offered by these giant banks.

HSBC was involved in $100 billion money laundering.

If worldwide people buy 1 ounce Gold themselves there is no way these giant banks will have the money to crash bullion price and take Apple inc. to $1,000,000,000,000.

Apple Inc. worth is not more than $100 billion.

Gold at $2500/ounce and Silver at $60/ounce is the right price for bullion/precious metals.

Listen to your property statistics. I feel puzzled and very excited. Buy 1 ounce gold. End Giant Bank's $15,000,000,000,000 cartel ::)

Silver at $50/ounce was a fluke, just like it was in 1980.  You might have to wait 35 years before it ever hits that mark again, and why would you want to take a chance that it may never get there?  Silver has a history of doing absolutely nothing for decades--same thing for gold. 

If you like coins with precious metals in them, that's one thing.  It's quite another to buy metals as investments.  I would suggest that it isn't a good idea.  I've been watching the market for years now, and I hear rhetoric like what OP spouted all the time.  "Buy silver, crash JP Morgan" was one of the things people used to write a few years ago.  It's always "If X happens, silver will explode" and somehow this never happens.  You would have made so much more money investing in bitcoin or the stock market in the last 7 years than buying gold or silver.

Whenever I hear somebody claiming that x is the right price for something I'm thinking x/2 is more accurate.
And not just for gold, silver or bitcoin. Everything else.

Btw, is this neverending saga of your on bitcointalk, have you managed to get at least somebody to sell his bitcoins for gold?

Now "Buy 1 ounce gold, crash the giant banks" has come. Gold price is $1200/ounce

LOL and people want the ETF to pass!!!

I have done my part with gold and silver.  I have more than I can carry so I stopped purchasing. 

 

What about this ??

http://i64.tinypic.com/j621sk.jpg


That is worldwide people's trust in Gold because some $40,000,000,000,000 is invested in Gold.

That's same with let's buy bitcoin and pump it to $1,000,000, you can personally do nothing to influence people, but they have power and influence people to what to do  :)

People heavily struggle to sell their Gold for fiat at spot prices in the local market here. If you try to sell your Gold to a pawn shop or jeweler they'll mostly offer you a price that could range from 5-10% below spot price, which isn't really that convincing. Why should people buy into this? I can sell my Bitcoins over spot value at any time of the day locally, or at spot value through exchanges. I can use Bitcoin as money as well, where if you try that with Gold you'll be declared a nutter.

Buy 1BTC (or less if you can't afford it) and you'll see that every government and corporation won't be able to mock you any longer as fourth class citizen.

Are you selling gold ornaments or gold coins? Both got a lot of difference.

Offcourse if you try to sell your ornaments mostly no one will buy at market price because it is not a pure gold anymore. But if you try to sell your gold coins then I don't think people will ask for 5 to 10% discount, that is too much. If I'm not wrong you sell your gold coins (pure gold coins) around 1% to 2% less than the market price. If your lucky and if gold demand is high in a certain time then you may get a deal market price as well.

Your obsession with gold and silver still continues, and the amount of nonsense that you manage to write is constantly increases. Do you ever know what number you copy/paste from somewhere? It is 40 trillion $, and last year gold reserve at 1250$ per ounce was in total 7.5 trillion $.

https://en.wikipedia.org/wiki/Gold_reserve

You are promoting gold and silver on a forum dedicated to cryptocurrency, and you do not know that billions on this world live in poverty. They can not buy one ounce of gold to make your dream true...

Buy, buy, buy, buy..... That is the $40,000,000,000,000 financial markets [stock markets, gold, silver, now bitcoin etc.....]

But Gold is store of value and 10% to 20% profit per year is legitimate and no gambling/casino.

I'm actually referring to .999 Gold coins/bars. I have seen how the availability of Gold locally has increased a lot, and looking at Gold's performance throughout the last years, it doesn't surprise me at all that people are looking to get rid of this precious metal. People don't only see the value of their Gold holdings decrease, but they also have to swallow a loss in purchasing power on top of that.

Not sure where you're from, but I'm from Europe and not one single store locally wanted to buy Gold 1-2% below spot value. They're just not interested. I don't even blame them with how the Gold market keeps tanking. 5-10% below spot value grants them some extra breathing space to not lose out on transactions with how consistently the price keeps going down.

If you owned gold in 1933 you would have had it seized under executive order 6102 forbidding personal gold ownership. Try taking gold across borders.

https://en.wikipedia.org/wiki/Executive_Order_6102

https://i.imgur.com/apX1gWC.png

From 1934 to 1974 gold basically didn't rise. How do you know that they are not just "letting you buy it" so they can seize it again ? In the meantime manipulating the bubble.

https://en.wikipedia.org/wiki/Gold_Reserve_Act

https://en.wikipedia.org/wiki/Gold_Clause_Cases

https://en.wikipedia.org/wiki/Gold_Reserve_Act

https://i.imgur.com/ib2m63F.png

Gold price in bitcoin...

Your sales pitch is DESTROYED

Gold is manipulated heavily. Its price should be higher, but it is in someones interest to chrush the price. I hope it will get its deserved valuation in the future, as economy is crumbling and fiat is worthless.

You're lucky you could find a store that is accepting your gold...
Here there isn't a single one doing so, all you can do with gold is to go to a pawn shop, accept a 10-20%  fee and leave it there forever.

The only ones to which you could actually sell gold are the guys you find on private ads, but the prices they offer you are outrageous.

Back in 2009 my family had a few serious problems, my parent's business had to collect about 100 000 euros, we had some nasty expenses coming up so, credit line almost maxed up...so we thought of selling some jewelry to keep the business running for at least a month or two...the best offer we had would have meant a cut of about 30% compared to the store value of the rings and necklaces.
Of course, we decided not to sell.

Silver hasn't been money in ages, it's over, im sorry to tell you. Gold's massive marketcap and network effect is amazing, I would be willing to buy some, however, since bitcoin exists, im not sure why would I even bothered.

The cumbersome experience of trying to cross borders with gold has already been addressed numerous times, but seems like numerous times is not enough for goldbugs.

Bitcoin solves the problem of needing to hold something physical which you cannot replicate backup copies off, which is huge and this single reason makes it very undervalued at current prices, but for some reason not being a tangible good makes goldbugs consider it some sort of scam or not safe, when it's a strong point.

I can't wait to see Bitcoin hit the first trillion USD marketcap milestone. I predict by then some goldbugs will start assuming they made a mistake not buying earlier and hopefully by then they are diversifying a bit with some BTC.

Gold is useful if you want a conductor that doesn't tarnish over time. It's price is probably dominated by jewellery/cost of extraction. It's value is most likely sentimental, if not downright mystical.

I personally think it's a bad investment choice. I think Bitcoin (and cryptocurrencies in general) are forcing a dialogue that's making people consider what value is and how it's applied. I don't think Gold will make the cut when we shift paradigms.

Speak to reputed online gold and silver dealers [bullion] for all the information you need. They are professionals. Do not go to other people for the information.

Other people will give you the right information but they are also busy.

Everything sounds interesting, it is another perspective but i believe that at the end of the post there are too many zeros.

I agree Apple Inc. worth $1,000,000,000,000

bag holders are everywhere, we usually see those who are bag holding altcoins and crying about how they are losing money but it is rare (in this community) to see a metals bag holder who is crying about how he F'ed up and is now stuck with bags of silver hoping for it to go up so that he can make money :D

I agree. That is why cryptocurrency investments are way more popular nowadays  most especially to traders and investors it is because of the potential huge return due to volatiliy. Though a risky investment but in terms of profits there is no other way to earn big but crypto. This is just my own opinion but I think it really is. Hard to invest in assets that we really have the full control like those stable assets like fiat and precious metals taht which controlled by central banks due to it's centralized system.

Gold price is up +2% today. That is lots of money.

Gold has its place. But I don't see much use for it beyond what you can easily and legally take across borders. It may serve some purpose in small amounts but as an investment bitcoin has so many more advantages. Bitcoin is internet reliant so large scale internet disruption / solar flare / large EMP is its nemesis.

Gold and silver could have some use as a payment system  in case of serious disasters. But in such cases I think practical items like food, basic tools, firearms, fuel, usable transport, safe accommodation and the ability to generate electricity are going to be the major currency.

The countries and organisations that own the most gold are:

Netherlands: 612.5 tons
Japan: 765.2 tons
Switzerland: 1,040 tons
Russia: 1,778.9 tons
China: 1,842.6 tons
France: 2,435.9 tons
Italy: 2,451 tons
International monetary fund 2,814 tons
Germany: 3,373 tons
United States: 8,133.5 tons

Source: https://www.msn.com/en-us/money/markets/this-is-who-owns-most-of-the-worlds-gold/ss-BBGmtjN

I'm from Asia and I don't have difficulty to sell gold. Yes, the gold price is going down for quite some time but somehow I like a gold investment so I have invested some money in it.


Have you heard about the "investment diversification"?

Nothing can be predicted and anything can happen in the future so it is always better to diversify your funds and invest in different asset classes to reduce your future risks in investments.

Gold still valueable than dollar because dollar just back up by government trust. Buying gold is good decision because its safe haven investment and i am believe gold can maintain our asset value from inflation

Okay the main point is that those are big companies and they can easily control the market by saying a word, cause investors are used to following them. So are you interested in gold and silver or Bitcoin? I believe that at least 80% of the people here would rather they push the price of bitcoin to a million+ than going for gold and silver.

It’s a matter of choice and majority here stands for this which is what they have chosen and you can’t change it for them they can only decide to that themselves.

Yes. You got it right. 4 companies cannot be worth $2.5 Trillion. How many factories can you start with $2,500,000,000,000 ??

There is no reason for Gold to be less than $2500/ounce when you look at middle east and gulf situation. Read "Insider's information for Gold" on my website

US patent US20080245187A1/en

Man made gold and platinum
Abstract
A man made method, utilizing particles bombardment technique, is used to produce Gold and Platinum. The particles bombardment technique uses particle accelerator to accelerate Lithium particles to high speed. These high speed Lithium particles contain high energy. These high energy Lithium particles are used to bombard Osmium element. Then elements Lithium and Osmium undergo cold fusion process that they are combined to produce element Gold.
By the same method, Helium particles are accelerated by particle accelerator to high speed. These high speed Helium particles contain high energy. These high energy Helium particles are used to bombard Osmium element. Then elements Helium and Osmium undergo cold fusion process that they are combined to produce element Platinum.

Source: https://patents.google.com/patent/US20080245187A1/en
https://en.wikipedia.org/wiki/Synthesis_of_precious_metals

Currently too expensive to make commercially - but times change.

Likewise. I have enough. Hopefully it'll turn bull again before I'm too old.

I'm wondering how would the world be like if those guys will invest in Bitcoin I would love to read an article with statistics on that topic what would be a 1 trillion dollars would be invested in crypto.

Add a lot of 0 to make sure to attract viewers. Readers will be eager and excited with the title. Great for inspirational writing.

Read my topics/threads "Gold and silver are safer than bank deposits" and "China tells people to buy gold and silver" and others......

Gold went up by too much during 2010-12, and that is the reason why there was a sharp correction after that. If you remember, the gold price was just around $280 / oz. in 2000. By 2012, it had reached a valuation of $1,800 / oz.

Gold is store of value and hedge against inflation that means Gold price should not fall. Only people will sell Gold if they need the money.

How much additional currency has been created since then through QE artificially inflating stocks?

How much has global debt increased?

How much has global uncertainty increased through trade wars, sanctions. Brexit, Deutsche Bank on the brink, emerging markets chaos etc.

Convoy of 12,000 ISIS terrorist fuel/oil trucks and tankers were destroyed by Russian air strikes in one day in 2016

See video: https://www.express.co.uk/news (https://www.express.co.uk/news/world/629409/Russian-jets-smash-ISIS-oil-tankers-after-spotting-12-000-head-for-Turkish-border)

Few people actually own gold or silver. People generally buy promises from banks and other companies. Usually these companies claim to have large safes where they safely store all that gold.

Gold is a very risky thing to buy and keep at home. Just like big sums of money. We are here in a forum about a revolutionary product that destroys any other possibility of Store of Value. Exactly because it is much more easily stored and easily verifiable. If you have the seed from your wallet, you own that cryptocurrency.

Physical gold over paper gold every day of the week.

Would you find it difficult to hide a few smartphone sized bars of gold in your house?  under a floor board, in the loft etc.

Gold is so value dense its very easy to store and safely hide it away.

Is gold more risky to store than crypto, the scam assusation thread says otherwise.  Find me a precious metals forum with the same number of people that have been ripped off, scammed, lost gold to theft (hacking equivalent).

Imagine how much sense it would make if you switched the gold bullion in there for Trezors, USB pendrives or anything that could contain bitcoins, and said Bitcoin wallets wouldn't be encrypted with a password at all! How safe would you feel about your investment?

That is exactly what i see there. Some guy which you are supposed to trust to hold your gold for you. And then when you need to move your wealth, you will need to hope that the guy driving the truck/ship/plane doesn't pull a heist on you and runs with the money.

Why bother with this risk when you can just hold it in bitcoins? I would like a reasonable goldbug argument for this very obvious point for once. I haven't seen anything convincing thus far.

See the picture I posted of many many 5 kilos gold bars at a storage location. Just think how much 2 Olympic sized swimming pools filled with those Gold bars will look like. Total Gold available worldwide $40 Trillion.

They are not 5kg bars they are 400oz good delivery bars (12.5kg)

And you are trusting in bitcoins encryption algorithm and complete infrastructure inc. internet, power etc.  (Nation cyber warfare could crack the encryption and drain a countries entire financial reserves instantly, imagine china cracked the bitcoin algorithm and took all American's financial reserves one night).  Anything held on a computer network is exposed and vunerable.

You are also relying on the devs not doing anything stupid or unpopular with the software as its completely out of your control.

You are relying on unregulated exchanges not getting hacked or the owners doing a runner with your money when you wish to cash out - not a good track record.

You are relying on the government not coming down hard on crypto and outlawing it before you get a chance to cash out.

you are praying Satoshi isnt defrosted from his cryo chamber one day and he decides to cash in the lot and go on a hooker and coke binge.

You are relying on those electronic devices holding billions or trillions not degrading and failing over time, countries need to hold wealth in centuries not years (backups would be a pain in the ass)

Gold is an element and no matter what it remains gold.  Bitcoin is technology, technology becomes obsolete and is superceeded extremely quickly.

Gold in your hand removes all third party risk.

If SHA-256 gets bruteforced somehow, then the entire economy is at risk. Chances are that the databases that people are keeping gold track records with also use SHA-256 for the passwords, so they could change ownership records. Pretty much all the banking industry relies on that, and all kind of encryption in all kind of devices. Also we can change the algorithm if the time comes.

But are you saying that there are bigger chances at SHA-256 cracked than your gold custodian getting robbed/doing an inside job?


You can use many other clients beside Bitcoin Core, also they will not do anything stupid, there is no incentive in doing so, most devs hold tons of coins themselves, they are interested in doing good to keep going richer.


Same problem with gold. If you want to cash out you are trusting third parties. As time goes on there are many professional choices with good liquidity to choose from. Also the end game is that you will be able to buy your villa paying with BTC directly so no need to cash out.


Government doing that would only legitmize BTC since they would show they are impotent. Would be the obligatory crash then recovery after. Also read above. And also don't forget Executive Order 6102.

There will also always be Bitcoin-friendly governments due simple game theory, so just move there.


If satoshi is really some guy out there and is still alive, he is smart enough to know he can never move these coins ever again, because everyone knows what these coins mean, he would be tracked and extorted. He probably allocated a lot of coins that people aren't aware of not coming from the obvious early mining period, he should be well off in any case. No incentives to do anything stupid.


This is not a problem anymore with the latest efforts in optical media. Milleniatta’s M-Disc DVD and Blu-ray recordable discs are rated for 1,000 years, and non-recordable up to 10,000 years. Of course this is theoretical but governments have made rigorous tests. Their data must be preserved too, so they are very interested in ways to store digital data as well. It is a non issue, and for Bitcoin users if you are paranoid just make a yearly backup of your stuff and you are set.


And includes a ton of risks the moment you need to move it across any border or to hide it under a government that went full Nixon and is on search and destroy mode (and with 2018 technology your bullions will be easily found).

Cashing out gold is the not the same as bitcoin.  You walk into a dealer and walk out with cash or have it transfered into your account as I have done so previously.  You never lose control of your funds as you do with crypto.  Find a MtGox equivalet for physical gold holders.

Executive Order 6102 - We dont all live in the US, the last time it was used only a small amount of gold was handed over.  Banking is also a different beast now, a governement will just initiate a banking holiday then do a cyprus style haircut rather than chasing individuals around they believe may have some gold.

satoshi - may be an individual may be not but someone out there controls the private keys to those coins and they could become active at any time.

Gold across borders - depends where you live, if you live in a stable country not much to worry about.  Most people dont buy gold and crypto ready for the zombie apocalypse.  Special forces and pilots in the UK are issued gold sovereigns as part of the their survival kit should they need to bribe officials or locals if caught behind enemey lines - would like to see you pull that off with BTC

With 2018 technology your bullions will be easily found - Not sure how you work that one out.  You buy gold cash from a 3rd party and there is no paper trail or no public ledger detailing holdings.  With 2018 technolgy every website you visit could be logging your I.P address and algorithms searching for keywords like bitcoin and building a nice big database of crypto holders.  Gold transactions can be completed totally off grid like they have been the last few thousand years.

With top and reputed gold and silver/bullion dealers who have storage vaults in many countries/overseas, you can store your gold and silver bars and coins outside the banking system in your full name [includes insurance]. you can access your account and buy and sell gold and silver anytime you want.

These are reputed international gold and silver/bullion dealers. One of them I know has $2,000,000,000 worth of customers bullion.

I do not consider that gold is a good asset for an investment right now. I think we will see gold beneath 1000$ quite soon. I am wondering how do you know that gold will go up in the near future? In my opinion gold may be an excellent asset in case of a long term investment when you are ready to hold an asset an year and more.

A year is not a long term investment.  I would say 3-5 years are mid term with 5 years plus long term.

Fundamentals are good for gold but as with everything else it is all manipulated.  All I know for sure if precious metals and BTC are both better than any fiat right now.

Just have to sit tight and wait for when the big players decide to pump and make some big money.

"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Nakamato Satoshi [bitcoin creator]

Bitcoin has failed as a digital currency, bitcoin anonymity is for hackers and criminals also. Looks like Bitcoin is going to $600

Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?


We're only halfway to that 20-yr mark, my friend. Care to tell me why Bitcoin has failed if you're here on this forum talking to thousands of users, and I'm here still earning and spending in Bitcoin?

$600 wouldn't mean it's failed, simply that it's returned to 2016 levels. Small timeframe in the big picture.

Hackers and criminals? That is soooo 2015.

Kind of like bots on a crypto exchange then.

Paper gold is leveraged at over 500:1 to real gold, this has suppressed the price.  At some point the number of people wanting physical delivery will increase then the house of cards will fall.

I know a reputed Swiss forex trader who gave profits for 10 years but in the 11th year he gave the biggest loss. He has 35 years of experience in forex trading.

A wrong trade or big loss making trade in paper gold and those traders and giant banks will go bankrupt or they will go back to 300 square feet apartment/house

And in the future you will not need to cash out, you will be able to buy anything you want with BTC, so you can move seamlessly to whatever jurisdiction is friendlier to you. Also physical cash will most likely disappear in the future.


It doesn't matter where you live. Gold is shit because you are stuck into your local community, if you need to move you need to carry it and you be assaulted/stopped by authorities etc. It's really nonsense to go through with that when you can have BTC and have a peace of mind that they will not take it away from you.


Satoshi is no more of an issue than huge gold holders dumping, and most likely they will dump some gold to buy BTC in the future. Satoshi most likely is dead if he was a real person and will 100% die if he is stupid enough to move coins so what's the point. Genesis mined coins are useless.



It doesn't take a zombie apocalypse, just currency problems and they will start strengthening rules about owning gold, so if you own any relevant amounts it becomes a chore and you are better off with BTC. Also during currency crisis governments will turn into zombies that will eat your money instead of your brain, you aren't safe with gold.

As far as logging and so on, just use VPN or Tor. Gold transactions can't be completed totally off the grid outside of local person to person transaction which means most likely you don't have much money to worry about liquidity. Someone that is rich isn't going to be able to live off a local economy. Bitcoin is better specially for the very rich for rather obvious reasons. It's not the same carrying a couple bullion than needing to store a bunch of them trusting some 3rd party somewhere and when you need it it will become a huge problem moving it or doing anything. So dumb to keep it in gold vs bitcoin sorry.

Shame real world use of bitcoin is going backwards and not forwards, many retailers that previously accepted BTC now do not (expedia, reddit, the bitcoin conference, microsoft, stripe, steam, the list goes on and on).  Also many of the remaining ones do not accept Bitcoin they accept fiat via a 3rd party like bitpay.  Bitcoin has just become a speculative commodity.



Well thousands of years of history disagree, people have always moved around while holding precious metals.  This is also a unicorn myth quoted by crypto fans.  How many people do you know have had to drop everything and fled to another country recently.  How would you access your crypto funds on the move when your phone runs out of charge or is stolen or broken?



Just an opinion based on zero facts, no national banks or countries have dumped gold to buy bitcoin.  The opposite is actually true, most are hording increasing amounts of gold.  The big gold dumps are paper gold not physical metal, sooner or later the paper ponzi will fail.


How do you buy bitcoin without a paper trail, using a bank transfer into an exchange (where you have completed KYC so all personal info on file), I.P's logged all addresses in the blockchain history tied to you for money in and out.  In the UK you can walk into any bullion dealer and buy £5k in a single transaction or £10k a year without providing any identifcation.  Spread your money around different dealers and there is no paper trail.


I stick by original statement - short to mid term there is money to be made in crypto.  Long term you will lose your ass and if you dont take some profit and buy hard assets on the way of which ever type you prefer your an idiot.

expedia.com removed bitcoin as payment option. I read that shops/stores sell Bitcoins immediately after they get it as payment from fear of loss from price price change

it turns out gold can also go down. I am thinking of investing in the land, because land prices will never go down, and the long-term project for housing is very potential.

Everything goes up and down including property and land. 

Paper gold will be crushed because $5,000,000,000,000 will be released from the stock markets. Apple inc., Google, facebook, amazon going back to $200 billion. Now these 4 companies are worth $2.5 trillion.

We cannot say it has failed yet until it finally fails as a digital currency. It still serves as, and if the issue we see right now is basically as a result of scaling, it does not mean it won't change eventually. I am never against gold as it interests me to diversify a lot though and since gold has been in a downtrend for a while, it seems like a very good opportunity to have stored up some for the long run.

Nevertheless, this does not mean we cannot still attune to the fact that satoshi said, large volume transaction or no volume, which means we can still stick with the large volume transaction in the long.

The reason is because the dollar strengthened. Expecting the Fed to raise more interest rates has lifted the value of the greenback. A stronger dollar is usually bad for gold because it makes this precious metal more expensive to international investors.

Precisely. If the diseased old structure of finance and money has infiltrated even gold, and OP is suggesting that all of us buying gold will kill the banking cartel, think again. When the house of cards fall, it won't be the banks that pay the price, but the man on the streets holding his paper promise of 1 owning an ounce of gold.


Shops and stores don't sell Bitcoin immediately. The majority of Bitcoin merchants actually "accept Bitcoin payments" via a Bitcoin payment processor. It's the guys like Coinbase, Bitpay, Coinpayments etc. who take the Bitcoin from customers and THEN settle the payments with merchants with fiat. I don't have the numbers but almost all of the merchants I pay Bitcoin to are all using the payment processors I named... in effect, they never actually receive a single satoshi, nor do they even have a Bitcoin wallet. They receive fiat payments.

So expedia removing Bitcoin option probably just means they're ending their contract with Bitpay or whomever it was who processed Bitcoin payments for them.

In any case, this doesn't prove why Bitcoin has failed. Every time I take stock of how and where I can spend Bitcoin, the list and options only seem to grow.

Most likely these paper gold players will make a big buy to save their skin now that U.S President Donald Trump has pulled up tech giants facebook, google, amazon and wars in many countries, $1 Trillion trade war.

Central banks worldwide could buy 200 tonnes to 700 tonnes gold as reserves. Gold going to $2100/ounce.

I also think it is no point to buy gold to fight the cartel, even if you wanted to buy gold you would typically not buy physical gold but end up with paper gold, as most bankers would recommend to you as these are derivatives and highly compensated (big comission check for the banker) compared to physical gold.

Why would you go to a banker to buy physical gold?

Thats what bullion dealers are for, hand over the cash and walk out with the metal.

You said the right words. When Gold is the money, those banks just want 20% profit every year by saying some words like "wealth management etc.."

Gold still valueable than dollar because dollar just back up by government trust

Gold is universal accepted investment and most liquid (convertible to cash) asset. I was able to sell 100% pure 3 ounces Silver coin without a receipt. In fact I have also sold 2 ounces of gold without purchase receipt. That is the trust bullion dealers have in gold and silver.

wow, the terrible movement of fiat or gold prices like that will make a lot of people lose because they don't have a transparent system.

Let's not even forget that central banks have prodigious pricing power in the gold markets which makes it totally centralized anyway and they both play an important role in gold price with International Monetary Fund. What I am implying is that, gold also have some of its own great disadvantages if you are banking so much on it as an investment. Also, based on some of the things the OP said in few lines above me, I still do not see how bitcoin has failed as a digital currency after just few years, unless he is trying to wipe his mind on how it has not failed.

Gold is preserve of wealth and store of value. Gold is hedge against inflation and protects people's wealth during wars, natural calamities [earthquakes, hurricanes etc..].

With gold price right now, Gold must be very undervalue. Paper money always printed by central banks but gold have limited supply. Gold price should be more than current price and i am believe gold price will increasing when crisis happen

Gold isn't doing its job recently, the safe haven isn't so safe. With all the problem Turkey is having the Gold price failed by 10% in 3 months about. 10% is a lot when it's about gold. I don't know what's going on it' supposed to not behave like this.

I am not complaining, It's the good time of the year for me to buy more gold coins  ;D

DOW Jones [stock markets] have gone up from 18000 to 26000. Looks like the cartel is selling gold and putting the multi-trillions in stock markets. See insider's information for gold on my website. Those algorithms.

It's not as easy as you make it seem like. I have checked several bullion dealers within my country, and they all require me to have them store a copy of my ID and other personal information for who knows how long.

Also do they have various limits in place at which they by law are forced to report purchases and sales over a certain amount to the government. That, at least in my country, is not a motivating factor to buy myself into gold.

They don't have to sell gold in order to significantly inflate stock prices. Nearly the entire stock market has been bought up with debt in the last couple of years, all because of how cheap it is to borrow money.

Gold always tends to lose value when there is no urgent need to hedge anything.

Hundreds of people are saying gold and silver are safer than bank deposits

Read here: https://bitcointalk.org/index.php?topic=4463427.0 (https://bitcointalk.org/index.php?topic=4463427.0)

Crude Oil $80/barrel as Iran fears mount

Oil has risen above $80 a barrel to its highest level this year amid concerns about supplies from Iran and a fall in US stockpiles.Brent crude rose more than 1% to $80.13 - the first time it has breached $80 since late May.The rise reflects concern about the impact of US sanctions against Iran that will target oil exports.

"Iran is increasingly becoming the preoccupation of the crude market," said consultants JBC Energy."The last couple of weeks have seen the expected squeeze on Iranian crude flows taking shape, with overall outflows down markedly."Gordon Gray, HSBC's global head of oil and gas equity research, said there were "real risks" that Brent could hit $100 a barrel.

https://www.bbc.com/news/business-45501884 (https://www.bbc.com/news/business-45501884)

Very different opinions on this issue...
I believe that gold and silver are worth buying, when you have a lot of money you need to save and protect them from the mood of the market, from the default of the national currency and from natural disasters. It's not an asset to multiply money. It is an asset to save your Fiat money.

You are right. I am also confused by the title of this post, but I managed to understand the meaning of this post, and he believes the price of gold is 2500 $ / ounce and 60 $ silver / ounce.

People must order an Federal Bureau of Investigation [FBI] investigation into stock markets [26000] and Gold price fall to $1200/ounce, Silver price fall to $14/ounce and Apple Inc. at $1 Trillion, Amazon at $1 Trillion on the stock markets.

Former FBI Director James Comey was on the board of directors of HSBC and during the same period of time, HSBC committed fraud/money laundering of $100 billion.

It's funny that you mention HSBC in this "cartel". I mean, that's more of a money laundering business than a bank. But hey, that was in like in what, 2011?

What you're trying to tell people is sooo unrealistic. By that logic people could buy more valuable things than gold, make recession come to an end, and Bing bang boom: the world's an awesome place to live in. Stop trolling people unnecessarily.

Putin warns of financial crisis the world ‘has not yet seen’

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work.
The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday.

“The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very crude way. Breaking the rules is becoming the new rule,” he said.

“The ability to impose sanctions arbitrarily and with no control fosters a temptation to use such restrictive tools again and again, right and left, in every case, regardless of political loyalty, talks about solidarity, past agreements and long cooperation,” he said.

https://www.rt.com/business (https://www.rt.com/business/427767-putin-world-trade-peace)