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

[1713940299]

1713940299

[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