Gold: Should We Cash Up or Dive In?

[allthingsluxury]

Have we reached total gold and silver capitulation? Is it time to move on, are these markets dead forever? It appears so, but perhaps this is exactly when we should be investing. Ellis Martin and David Morgan discuss this and much more.



Click here to watch this video:

https://davidmorganblog.blogspot.ca/2017/10/david-morgan-should-we-cash-up-or-dive.html

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[dothebeats]

As much as we love to move on from gold and other precious metals, we can't. Governments are heavily committed with these stones and are also heavily invested to it that they simply wouldn't let it die. Also, a market once robust that gone silent has a big potential to be one of the most bullish market again, especially gold and silver with large backings all over the globe. People would still stick into something they're accustomed to until the point where innovation introduces them to new benefits that they weren't getting from their previous items/services/etc

[BillyBobZorton]

Oh I saw that the other day, totally hilarious. Max Keiser smoked Peter Schiff pretty easily. Peter had the same old arguments that clueless gold bugs have: "Oh but it's not tangible so it's not real money / there are too many coins out there, therefore there's no scarcity / with no internet you are screwed"

Only goldbugs that don't understand Max Keiser's comediant-type approach to his speech think Peter won. "Max Keiser screams too much". They don't actually address Keiser's points and just focus on his manners.

[allthingsluxury]

It does baffle me, that someone like Peter Schiff, who is "woke" to so much that is wrong in the world, is unable to see the value of Cryptos.

[MoonIsBlue]

It does baffle me, that someone like Peter Schiff, who is "woke" to so much that is wrong in the world, is unable to see the value of Cryptos.

A lot of doomsday people aren't fond of crypto's because historically they are right. Gold is the safety net when everything goes down the drain.
Also a lot of people think crypto's are part of an elite plan so they can EMP the fuck out of us and leave us without any wealth at all (whilst they accumulate what.. gold!).

If I had more money I'd probably get into gold aswell besides crypto, I'd just do both.

[13abyknight]

Gold has been in existence ever since mankind took form but has only managed to show barely any significant rise when compared to this era of ever growing digital currencies which have taken shape very fast after coming into existence. This not only shows that assets like gold are very slow but sure in their process of going up but in today's conditions, investors expect more from their investments and turn towards cryptocurrencies for better profitability.

[Nathan047]

Honestly, I really don’t think we should be having this debate of “Bitcoin vs Gold.” Gold is a much more stable storage of wealth, while Bitcoin is much more of a niche investment/currency that is way more volatile.

[TheCoinGrabber]

Gold and silver has been stores of value since forever so it's a conservative opinion to say that they will stay for a long time still. Sure their prices do go down but when the going gets rough, people flock back to them. And for gold, it remains gold no matter what.

If I can, I'd also hoard these metals, including platinum. I'd HOARD them btw, not just have some paper stating I own so and so number of bars. Tis are my treasures, aaargh!  (look at my profile pic).

[DaddyMonsi]

If you have Gold or invested in Gold too, just hold it, no matter what happens Gold will remain a good investment that is accepted by everyone. If you have spare money, go ahead and buy some more or maybe if you are receiving weekly salary, try to allocate an amount to invest in Bitcoin and Gold. Gold is for long hold.

[diouf67]

Gold and Silver have been around and stores of value for far longer than bitcoin has ever been around, they will continue to serve their purpose especially as they are picked up by a physical asset, if you are saying gold is now cheap then now is the time to invest.

[joseafonso123az]

My perspective is that you should wait somedays, and see ho the market reacts to it, and how BTC is overall in the market. I believe that there will be a time that BTC gold will reach it's high value and start decreasing, and that might be the right time to sell off the Gold BTC, as it happened with BTC cash! If this doesnt happen, than we will see a competitor to BTC( But I doubt it).

[ipanks]

actually i am not to know about gold and i only know that to buy gold, we need to buy in one exact amount and this is why i am not buying gold until now. its different with bitcoin which we don't have to buy a whole 1 bitcoin but we can buy part by part amount that we want so we can buy at many lower price. i think if i have money then maybe i will buy gold and just store it in safety box to prevent any thief that might be stolen my gold. and if the price of gold is decrease then i think its the best time for buy gold like we buy bitcoin so we can save it for a long term.

[Hydrogen]

Many nations back their fiat currency with deposits of gold as collateral. This places them in a predicament where they need gold (and precious metals) to retain value in order to justify the value of their own paper money. Banks also hoard piles of gold for similar reasons. If not for state and banks reliance on precious metals, its value may have plummeted due to lack of demand, lack of utility and lack of interest. There's no excitement or high expectations for precious metals and there has not been any in decades.

Aside from banks and governments, the main interest in gold could come from individuals like Ron Paul and those interested in a gold standard. Overall what this could mean is there is far lower global interest in gold, silver or precious metals than there is in crypto currencies, blockchain ICO's and other new and emerging technologies which many might find interesting or exciting for different reasons. Excitement, emotion and high expectations are often coupled with growth. Though intangible these variables could represent some of the advantages of crypto with disadvantages of gold and precious metals residing on the flip side.

[The Sceptical Chymist]

gold and silver capitulation?

I'm not sure what this phrase means exactly, but maybe that's just me.

Keiser and Schiff--I learned in 2011 not to listen to either one of them.  I know they're successful investors, but they're too in love with their investments, plus they're hucksters.  Permabulls.  They make youtube videos pumping gold, silver, bitcoin, whatever.  They're basically pump & dump guys.

Do I think gold & silver are dead investments?  No, but they're commodities that don't move in price much unless world catastrophes happen, or the markets become extremely irrational, like they did in 2010-11.  And look what happened after that.  Silver has been in a downward spiral ever since.  But those metals are very useful, and they'll always have utility--and that makes them worth something.  I do own both.  Not much, but I think it's worth holding a little metal for a rainy day.  I just don't listen to people who constantly hype them up and play to people's fears of hyperinflation and other gloom & doom.

[teaparty]

Bitcoin should have the properties of money which include limited supply, durability, portability, divisibility, uniformity, acceptability, and fungibility. Bitcoin should have the fastest confirmation times technologically possible and it should be private as fungibility implies. If Bitcoin has a limited supply then it will essentially maintain its value like gold. I do not know what proponents mean when they claim they want Bitcoin to be gold. It is important to mention that Bitcoin transactions are all available on the blockchain and it must have privacy to become the currency of the future.

[rjbtc2017]

Honestly, Gold and Silver will always be there. I do not think Government will let these Precious Earth Metals to be dead. They already fought for it , Silver and Gold already made reputation and value on earth and also a standard on different field in this world. I do not think that their value will decrease overtime, Big companies who benefit from the value of Silver and Gold will surely will not let that happen.

[putrii]

this is a factor of the availability of gold and bitcoin, if the gold of its availability is still a lot of miners still easy, while its bitcoin availability is very limited and bitcoin demand in the market is very much, this causes bitcoin to be very expensive and very profitable.

[CherRic]

Dive in. When we reach the time of total "reset", gold will only be accepted aside from silver and real products. cash has no real value, just a plain paper.

[darthmaul]

Government actually generates mass percentage of the share as part of tax from the precious metal only. Right format he beginning of the mining of gold, diamond the taxing procedure starts where government enjoys the revenue generated. until the finalisation of the same into precious jewellery. Everything is taxed for the government but the virtual currencies are not. So that would be costly affair to move on as government will never support the fact of loosing the revenue from physical stuff and wont go accepting the virtual currencies.

[mdgreasyjohn]

along with btc , everybody ought have some gold for the just in case scenario i dont know the future but in the  past gold has been use .   btc  is an ivestment and a pastime for me anyway

[Saifher]

Gold is still a very useful investment, it is a great way to hedge against fiat like bitcoin is, but it is much more stable and therefore less risky (but also provides less gains in case bitcoin does grow)... I would suggest buying a little into both, leaning more towards bitcoin.

[Seansky]

Have we reached total gold and silver capitulation? Is it time to move on, are these markets dead forever? It appears so, but perhaps this is exactly when we should be investing. Ellis Martin and David Morgan discuss this and much more.

Probably gold and silver have almost reached it's total capitulation now that it has been mined for long successive years already. Still, I don't think that it is alreadt time to move on but rather it is time for us to diversify our investments on precious metals and in cryptocurrency as well rather than debating about it. That way we will have money if things look bad on either. Having a tangible and non tangible asset is better than having only one.

[fiulpro]

I think its nearly impossible to move from gold and silver, it may not seem but most of the countries still take gold and silver as their investment and the capital of the country is regulated by gold and silver even now.
They are thinking on to move to another precious metal , but I don't think out of the discovered metals gold , siver , platinum, others are suitable.
You see we use metals like gold and silver because they are not reactive, when we look in the reactivity series:-
K , Na , Ca , Mg, Al , Zn , Fe, Sn , Pb , H , Cu , Ag , Au , Pt

Silver gold and platinum occupies the least position, besides copper is something that is available allover the globe thus its value is anyways low also it gets tarnished rapidly.

I don't think there is any new metal to move on to.

[wantjokull]

It does baffle me, that someone like Peter Schiff, who is "woke" to so much that is wrong in the world, is unable to see the value of Cryptos.

Do not worry mate there are this and many other such geeks who don't understand the virtual world in profound way. I have read many articles from the popular financial analyst who are against the bitcoin or at least they don't like the idea of how it is structured in the real world. It just doesn't fit in according to them and may be that was too early to implement the idea of bitcoin.


But again who care because the idea of its implementation did work and it is working in the long term with great success. I mean just look around us are those million crypto lovers dumb to invest that much money.

[squatz1]

As much as we love to move on from gold and other precious metals, we can't. Governments are heavily committed with these stones and are also heavily invested to it that they simply wouldn't let it die. Also, a market once robust that gone silent has a big potential to be one of the most bullish market again, especially gold and silver with large backings all over the globe. People would still stick into something they're accustomed to until the point where innovation introduces them to new benefits that they weren't getting from their previous items/services/etc

This right here is key to note, and it has its pros and cons with government involvement.

The biggest pro is put forward by you, that government wont let the commodity due as they have a vested interest in the price of it being higher as they own it as well and want the price to be as high as possible. Plus they're not going to be buying more of it, so they don't want the price to go lower (if they were buying more though, they would want the price to dip around the times they purchase, but this isn't the case)

But here is the biggest Con, a lot of your investment is heavily at the whim of government(s) as if they really wanted to, they could just sell a ton of their precious metals and that would throw a lot of supply into a marketplace with no demand increase. This would cripple your investment.

I wouldn't get involved with precious metals.

[gunungkembar]

I think gold will remain stable and unaffected by the rise in bitcoin prices, because the availability of gold more than bitcoin.

[szpalata]

Gold is still a very useful investment, it is a great way to hedge against fiat like bitcoin is, but it is much more stable and therefore less risky (but also provides less gains in case bitcoin does grow)... I would suggest buying a little into both, leaning more towards bitcoin.

I agree that if you are faint-hearted and uncertain about the future then it will be wise to buy a little bit of both bitcoin and gold so that you can remain safe in case of any future disappointment but i doubt if bitcoin will fail.

[krauzzer02]

Precious metal such as Gold, Silver etc is still a good and safe investments for investors but the problem is the time you will spent to accumulate the return of your capital by investing to these such metals unlike bitcoin and other alt coins in crypto market, the risk is so high that you can either lose or win but the difference is the value fluctuations from time to time. it doesn't need to wait for over many years just to increase their values. they increase or decrease from minutes to hours a day but the majority is the pump most for the bitcoin. the most safe to do is to invest to gold and other metals then at the same time take the risk to the crypto market.

[SixOfFive]

Gold is comparatively more stable and risk free. All Central Authorities across the globe recognize GOLD or SILVER as a cash reserve parameter.
V/s
BTC is quite volatile. Legal status and acceptance of BTC is not clear till now at global level.
Conclusion: No doubt people are gaining a lot faith on BTC and take it as suitable mode of investment to get better return where as GOLD or silver is said to be safest investment.

[xIIImaL]

Gold is comparatively more stable and risk free. All Central Authorities across the globe recognize GOLD or SILVER as a cash reserve parameter.
V/s
BTC is quite volatile. Legal status and acceptance of BTC is not clear till now at global level.
Conclusion: No doubt people are gaining a lot faith on BTC and take it as suitable mode of investment to get better return where as GOLD or silver is said to be safest investment.

Usage and stability wise gold might be better than bitcoin but the bitcoin best choice according to me. Because value will rise and down all the time due to its volatiwl nature. If bitcoin is been made a legal money in all the developed countries we does not need worry about the bitcoin in our wallet. Then this will reach till laymen.
Now bitcoin value is costlier than the one ounce of gold. Please go with btc if you are gold buyer for savings.

[Ilegendph]

Gold is comparatively more stable and risk free. All Central Authorities across the globe recognize GOLD or SILVER as a cash reserve parameter.
V/s
BTC is quite volatile. Legal status and acceptance of BTC is not clear till now at global level.
Conclusion: No doubt people are gaining a lot faith on BTC and take it as suitable mode of investment to get better return where as GOLD or silver is said to be safest investment.

Although this is true, I prefer bitcoin over gold since my funds are that limited to not to invest to gold. Many people are like me investing in bitcoin since it does not need huge money to start with and a huge return on investment. For starters in investing, I suggest bitcoin before going to any other investment types.

[kpcian]

It depends on your desire, If you want to make a large amount of money then you have to choose a side. Basically, Gold is a precious metal which has been considered from the most ancient time. But day by day Bitcoin is getting profitable so that anyone can convert his or her gold into cash. if someone can change gold into Gold then he or she will get financially benefited from Bitcoin. I believe that Bitcoin will be the most precious tool in the future.