Gold KILLED all else today

[OROBTC]

...

Gold was up about $50 today, a huge move (~4%) in one day.





Stocks were way down worldwide.  It will be fun to see Japan's Nikkei tomorrow (tonight USA) and China on Monday when they return from their New Year's.  

Oil was crushed.

Lined up in London to buy physical:

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/12151770/Investors-go-bananas-for-gold-bars-as-global-stock-markets-tumble.html

And a long weekend coming up......

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[vm_mpn]

Yes, gold and silver are doing well this year... Unfortunately bitcoin remains stagnant during this market meltdown which tells us it's not considered to be a safe investment at the moment. I remain a strong believer this will change providing we will not f**k it up by then.

[richardsNY]

Nice for people that entered the market the last month. They have been seeing their investment increase with around 8% in quite a short time. If you look at the 1 year chart, then the gold price is still 3% in the red.

[Pab]

That buy is mostly from Europe.Paniic buy becuuse of EU bank crash,gold price will rise  in coming days

[The Sceptical Chymist]

Yes, gold and silver are doing well this year... Unfortunately bitcoin remains stagnant during this market meltdown which tells us it's not considered to be a safe investment at the moment. I remain a strong believer this will change providing we will not f**k it up by then.

Safe?  Bitcoin has been one of the most volatile investments to own since it came out, hands down.  Precious metals haven't been as volatile as btc since bitcoin was introduced.  Some stocks, probably, but btc is definitely considered a flight to safety.

It's been nice to see gold & silver rally these past few days.  I don't own any gold, but I do own a little silver.  Yay for me.

[DrLove2048]

Gold always seems to be tied inversely to the stock market, which as we all know is tanking at the moment (of course right when I'm looking to buy a house)

[hasiramasenju]

increase up to $50 i think that's very good price increases and i do believe for those people who buy gold before today will get very much profit from that but currently i do not interested invest my money by buying a gold and although the price movement very slow currently i'm still believe bitcoin for my short term invest

[plost24]

yeah gold are doing great growth in price and bitcoin are geting constant but don't worry it will not bitcoin price will up soon ;p

[romero121]

yeah gold are doing great growth in price and bitcoin are geting constant but don't worry it will not bitcoin price will up soon ;p

Gold has not interrupted in the growth of bitcoin. Gold has the market in trillions which describes its difficult to move a value that easy compared to bitcoin which is growing constantly with few millions. Soon bitcoin might reach the state of gold.

[NorrisK]

yeah gold are doing great growth in price and bitcoin are geting constant but don't worry it will not bitcoin price will up soon ;p

Gold has not interrupted in the growth of bitcoin. Gold has the market in trillions which describes its difficult to move a value that easy compared to bitcoin which is growing constantly with few millions. Soon bitcoin might reach the state of gold.

The gold market might be trillions, but that is not the actively traded supply.. Most of the gold is lying in underground bunkers, in electronics and on peoples bodies. The traded supply is just the tip of the iceberg and that is why big price movements are possible. The rest is just not liquid.

The same happens with bitcoin and altcoins when price starts shooting up. A thin sell order book is easily gobbled up and value grows before the new coins move in to the exchanges and on to the order books.

[Amph]

Yes, gold and silver are doing well this year... Unfortunately bitcoin remains stagnant during this market meltdown which tells us it's not considered to be a safe investment at the moment. I remain a strong believer this will change providing we will not f**k it up by then.

i can argue that it is just a pump and dump, because other stock market are crashing, money need always to move on something else, they do not fade away

sum zero game you know....

[yenxz]

...

Gold was up about $50 today, a huge move (~4%) in one day.





Stocks were way down worldwide.  It will be fun to see Japan's Nikkei tomorrow (tonight USA) and China on Monday when they return from their New Year's.  

Oil was crushed.

Lined up in London to buy physical:

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/12151770/Investors-go-bananas-for-gold-bars-as-global-stock-markets-tumble.html

And a long weekend coming up......

"Gold was up about $50 today" is this happen often in a week or a month?look interesting if gold also fluctuate like that,must open my bitgold account,again?

[arbitrage]

This was expected. But this is not something so serious.
In future this rise could be more significant. maybe for 10 or more years..

[onlinedragon]

Gold was always a good investment for long term only now the price rise is hugh. How sure will it be this price will stay possible the price will also go fast down again.

[gregyoung14]

Gold was always a good investment for long term only now the price rise is hugh. How sure will it be this price will stay possible the price will also go fast down again.

Despite this, I still think gold will be a good place to go. That and real estate. Well yes, Bitcoin, but I am actually talking about real sensible good-old classic investments.

[bitlancr]

I think gold is also unpredictable, you can not say what the price will be in a few months. Of course its the best thing to invest long term.
But seeing this I have some doubts about the stability of the gold.

[Barnabe]

I think gold is also unpredictable, you can not say what the price will be in a few months. Of course its the best thing to invest long term.
But seeing this I have some doubts about the stability of the gold.

I think it's the opposite, gold is more or less constant in long term and acts like a shelter commodity.
When there are doubts, people buy gold.
If I would have to guess, I would say people are afraid of a crash in China's economy.

[MedaR]

No no this is first mistake..
Gold is not stable over time, you have the feeling, because they injects huge money in industry and economy in order to save dollar from disaster..
When dollar collapse only gold will store value, and many people will suddenly be bankrot..

[vm_mpn]

Yes, gold and silver are doing well this year... Unfortunately bitcoin remains stagnant during this market meltdown which tells us it's not considered to be a safe investment at the moment. I remain a strong believer this will change providing we will not f**k it up by then.

Safe?  Bitcoin has been one of the most volatile investments to own since it came out, hands down.  Precious metals haven't been as volatile as btc since bitcoin was introduced.  Some stocks, probably, but btc is definitely considered a flight to safety.

It's been nice to see gold & silver rally these past few days.  I don't own any gold, but I do own a little silver.  Yay for me.

I don't see this happening yet, but of course one can argue it will get there in time providing digital asset class will gain broader acceptance.

[Denker]

No no this is first mistake..
Gold is not stable over time, you have the feeling, because they injects huge money in industry and economy in order to save dollar from disaster..
When dollar collapse only gold will store value, and many people will suddenly be bankrot..

Yes it's true that gold rises because the dollar devalues.
On the other hand gold gets highly manipulated by all those gold certificates. There are now 293 ounces of paper gold for every ounce of physical gold.