Be ready for gold's bullish wave

[bbc.reporter]

Will bitcoin reach a state of low volatility that would be the same as gold? This article is a typical gold hype to make everyone buy. But look at the analyst's projected high of where gold might be on the 2nd half of they year. The increase from low to high would only be a mere 14%.

Also, do you really want bitcoin to reach a state of stability in its present price?



(Kitco News) - Struggling gold prices will soon see better days, with a bullish wave projected to bring about as high a level as $1,370 this year, according to one analyst.

“At the present juncture, sentiment in the gold market looks excessively bearish, which is unsustainable,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Friday.

Spot gold prices tumbled almost 9% in the last six months. And on Friday, the prices nearly hit the $1,200 level. The December Comex gold futures also had a tough few months, last seen trading at $1,222.90, down 0.02% on the day, after hitting a 12-month low on Friday.

Despite this major drop, the yellow metal has been one of the most resilient trading options within the precious metals space, Mikanikrezai noted.

“In the second half of the year, I expect a strong rally in gold prices and gold-mining equities as the macro backdrop for the precious metals complex should prove more positive,” the analyst wrote.

Read in full http://www.kitco.com/news/2018-08-05/Be-Ready-For-Gold-s-Bullish-Wave-Analyst.html

[Hydrogen]

Gold could rise, especially if its undervalued. I'm not certain how conscious the public is of deficits, inflation and other concerns revolving around fiat based money. We could witness a future correlation between increasing awareness of these issues and higher gold ownership and demand. Whether gold will appeal to younger generations is an open question. Isolationist policies seem common with youth. They're extremely conservative and only stick to financial basics they have used in the past. Gold or crypto may be too extreme or radical for them to bother with, unless circumstances force them to change.

Another issue with gold is, dwindling firearm ownership could prevent mass adoption. Those living in australia, france the UK and similar designated "gun free zones" could have issues securing gold holdings without resorting to more expensive options like utilizing safety deposit boxes. A shift towards gold could also increase violence and crime. Its usually much more profitable to rob someone hoarding gold than it is someone with a few dollars in their wallet or credit cards.

There is another possibility which says bitcoin and crypto could appeal more to younger generations than gold with cryptos convenience and superior user experience. While offering many similar protections against inflation and overprinting.

[First77]

Gold price in 2013 was $1660/ounce. Gold is going to $2100/ounce. Russia's gold reserves have reached 2000 tonnes.

China has some $4 Trillion to buy Gold now that there are 820 billionaires in China. A big buy will take Gold price to the Moon.............

[DigitalCyberius]

Not sure if Bitcoin will get there, don't think anyone knows for sure. Although, even if it did, based on what we've been learning working for one of our marketing clients (partly, a gold tokenization platform), it would not have the same benefits of gold overall. Bitcoin at its core, is just code. It doesn't matter how high the price gets, or how stable it becomes, it's still just code on the blockchain. If something happens to the network, it's gone, if someone hacks in, its gone, if you lose your keys, its gone. And with the new technology that's coming down the pike, and the way that many people see government heading, it may not be as secure as many think it is (although we're huge fans of BTC). Gold on the other hand, is a physical asset, which is not just a physical item you can hold in your hand, with a history of being seen as a store of wealth, but it's also used extensively in industry (silver as well and other precious metals as well). It's also pretty cool that you can have blockchain tokens pegged to the price of gold, though this is probably not as secure as physically owning gold yourself.

The Cyberius team.

[The Sceptical Chymist]

What's up with these irrelevant, space-wasting pictures?  It drives me nuts when clickbait websites do it, and I would suggest we don't need any more of that here.

As far as gold goes, the sentiment here (not surprising since it comes from kitco) is just like all the articles I read on coinflation.com.  Gold is always ready to break out (same with silver).  Meanwhile, even if it moves a little, it's basically been doing nothing but going down slowly for years.  It's been a death of 1000 cuts for anyone who invested in gold since 2011 and there hasn't been any real good news to suggest that it's going to get any better.  What's hot right now is the stock market and cryptocurrency and even the world political instability hasn't boosted metal prices--at all.

I'm not strongly against buying some gold, but I don't think it should make up even 10% of anyone's portfolio.  It does nothing except collect dust and can't be used for anything by the average person unless it's jewelry.  It doesn't even function as money, like crypto does.

[o_e_l_e_o]

It does nothing except collect dust and can't be used for anything by the average person unless it's jewelry.  It doesn't even function as money, like crypto does.

That's mostly my issue with gold too. Only 10% of worldwide gold is actually used for a industrial purpose. The other 90% is split between jewelry and investments. Coupled with the fact that worldwide gold production rate is increasing year-on-year, I'd rather put my money elsewhere.

[timerland]

I don't think bitcoin will be stable even if people wanted it to be, at this moment. We're still very early on with extremely limited awareness of what bitcoin actually does in the general population, let alone the percentage of population actually adopting the technology and using it. Thus, it's more likely that prices will continue to be volatile, and mostly on the up side, until adoption/demand ceases to climb drastically.

Gold can still be recognized as a store of value in the long run, and hedge against hyperinflation. But if you're looking to invest, I doubt that this is the right place to put your money for the short term. It's not likely that you'll ever make much more than the CPI Index's percentage increases.

It's perfectly reasonable, however, to say that gold is due for a bull run. The scale of the climb is just undetermined at the moment, but with the period of sideways movement that gold has had, it should be a matter of time before a bullish pattern breaks out. Still though, I don't see it as a short term investment worth looking into. Hold it for when SHTF, but even then, I believe bitcoin to be the superior optoin.

[Flor1982]

Gold is a trully an asset in which you can really keep them for good. I never see Gold become undervalued maybe it will depend of the country or depend on types of gold that we have but it good thing to know that there is coming development that will favor the gold again. Gratitude for this news.

[CarnagexD]

Gold is a trully an asset in which you can really keep them for good. I never see Gold become undervalued maybe it will depend of the country or depend on types of gold that we have but it good thing to know that there is coming development that will favor the gold again. Gratitude for this news.

  We have different view / opinion on the above topic, one should remember that Market is Volatile, anything can happen at any given time, it may have some drops on its price value but it will surely correct itself. Bitcoin and Gold are not the same in tern of market status, bot have qualities, it is dependent on the volume of investment by the investors put in,  in the market. the market movement is  unpredictable, no one knows what will happen next to the market during the trading market.

[Aveatrex]

Bitcoin cannot be stable with current Bitcoiners mentality (Bitcoin should be used as an asset,not as a currency),market cap being only $120 billion compared to gold which is approx $7 trillion is also a factor why it cannot be stable at the moment.I'm pretty sure that if Bitcoin prooves stability for the next years,a lot of people will lose interest in Bitcoin.

[bbc.reporter]

What's up with these irrelevant, space-wasting pictures?  It drives me nuts when clickbait websites do it, and I would suggest we don't need any more of that here.

As far as gold goes, the sentiment here (not surprising since it comes from kitco) is just like all the articles I read on coinflation.com.  Gold is always ready to break out (same with silver).  Meanwhile, even if it moves a little, it's basically been doing nothing but going down slowly for years.  It's been a death of 1000 cuts for anyone who invested in gold since 2011 and there hasn't been any real good news to suggest that it's going to get any better.  What's hot right now is the stock market and cryptocurrency and even the world political instability hasn't boosted metal prices--at all.

I'm not strongly against buying some gold, but I don't think it should make up even 10% of anyone's portfolio.  It does nothing except collect dust and can't be used for anything by the average person unless it's jewelry.  It doesn't even function as money, like crypto does.

It is not space wasting, it is art. I am expressing how I feel about something in the article hehehe. But I can choose smaller pictures next time to make it less annoying.

But my idea for this thread is to ask if would you want bitcoin to reach a state of low volatility in its present price and be the same as the boring old man in the picture?

I reckon there would be many people in the community that have mixed feelings.

[skaynet]

hope bitcoin can go to the moon like gold in 2008, many predict when bitcoin will be received by etf it will make bitcoin as valuable as gold

[virendarnagpal]

Investing in Gold has been the top most priority for the last know history of thousands of years.  The kings were having tons of gold in their vault. Same was the position with the rich people who collected their earnings and preferred their savings to store in the form of gold.
Having some gold by common man was the insurance guarantee any unseen misfortune. 

But now the world is changing.  People started investing in Banks; insurance companies etc.  Latest addition being crypto currency.  But still the  top priority of masses (in developing nations) is gold. 

Even myself who is now well aware of crypto; still will prefer having some gold in my portfolio.  So if the price goes up; the investors who have already invested in it; will be gaining.

[googs84]

What's up with these irrelevant, space-wasting pictures?  It drives me nuts when clickbait websites do it, and I would suggest we don't need any more of that here.

As far as gold goes, the sentiment here (not surprising since it comes from kitco) is just like all the articles I read on coinflation.com.  Gold is always ready to break out (same with silver).  Meanwhile, even if it moves a little, it's basically been doing nothing but going down slowly for years.  It's been a death of 1000 cuts for anyone who invested in gold since 2011 and there hasn't been any real good news to suggest that it's going to get any better.  What's hot right now is the stock market and cryptocurrency and even the world political instability hasn't boosted metal prices--at all.

I'm not strongly against buying some gold, but I don't think it should make up even 10% of anyone's portfolio.  It does nothing except collect dust and can't be used for anything by the average person unless it's jewelry.  It doesn't even function as money, like crypto does.

Some of the good points mate. This has been the case always, gold is always shown as king of all the assets but to be honest it is just best because it has that kind of properties and it's use in the store value is predominant and safer as compared to other volatile assets. But that's not enough these days, we need assets which will be used as an asset as well as will benefit us from the profits too. Now ask who has got that proepties ? Simply bitcoin guys and that's what we need. Gold will rise no matter what because it's demand is huge and it is depleting from face of earth very fast so it's but obvious that it will be costly. But that's gonna take lot more time as compared to bitcoin.

[BCSHonda]

Bitcoin cannot be stable with current Bitcoiners mentality (Bitcoin should be used as an asset,not as a currency),market cap being only $120 billion compared to gold which is approx $7 trillion is also a factor why it cannot be stable at the moment.I'm pretty sure that if Bitcoin prooves stability for the next years,a lot of people will lose interest in Bitcoin.

The story is likely to happen, gold is in the sights of some countries. Looks like they are collecting all the gold of the world again, the purpose for what is unclear. But the future will have many things that we can hardly predict, people should be careful will be good. There should be a backup plan for investors. To cope with this difficulty.

[darewaller]

Will bitcoin reach a state of low volatility that would be the same as gold? This article is a typical gold hype to make everyone buy. But look at the analyst's projected high of where gold might be on the 2nd half of they year. The increase from low to high would only be a mere 14%.

Also, do you really want bitcoin to reach a state of stability in its present price?



(Kitco News) - Struggling gold prices will soon see better days, with a bullish wave projected to bring about as high a level as $1,370 this year, according to one analyst.

“At the present juncture, sentiment in the gold market looks excessively bearish, which is unsustainable,” Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post on Friday.

Spot gold prices tumbled almost 9% in the last six months. And on Friday, the prices nearly hit the $1,200 level. The December Comex gold futures also had a tough few months, last seen trading at $1,222.90, down 0.02% on the day, after hitting a 12-month low on Friday.

Despite this major drop, the yellow metal has been one of the most resilient trading options within the precious metals space, Mikanikrezai noted.

“In the second half of the year, I expect a strong rally in gold prices and gold-mining equities as the macro backdrop for the precious metals complex should prove more positive,” the analyst wrote.

Read in full http://www.kitco.com/news/2018-08-05/Be-Ready-For-Gold-s-Bullish-Wave-Analyst.html

If Bitcoin happens to be stable at this current price, I’m really okay with it and there is nothing wrong, cause this is a really good price and I don’t know what else I should ask for.

But the way I’m seeing it, I don’t think Bitcoin will ever stable as for now, if we are going to talk about Bitcoin being stable, it should be around the time when all Bitcoins has been mined with nothing left, if there is any possibility for the price to become stable then it will be around then.

[ziac]

Gold will always value is always projected to go up due to scarcity and increase demand from black rapper who want something bling2x, with growng trend of gold tooth, gold powder food.

[arinalwa]

Gold could rise, especially if its undervalued. I'm not certain how conscious the public is of deficits, inflation and other concerns revolving around fiat based money. We could witness a future correlation between increasing awareness of these issues and higher gold ownership and demand. Whether gold will appeal to younger generations is an open question. Isolationist policies seem common with youth. They're extremely conservative and only stick to financial basics they have used in the past. Gold or crypto may be too extreme or radical for them to bother with, unless circumstances force them to change.

Another issue with gold is, dwindling firearm ownership could prevent mass adoption. Those living in australia, france the UK and similar designated "gun free zones" could have issues securing gold holdings without resorting to more expensive options like utilizing safety deposit boxes. A shift towards gold could also increase violence and crime. Its usually much more profitable to rob someone hoarding gold than it is someone with a few dollars in their wallet or credit cards.

There is another possibility which says bitcoin and crypto could appeal more to younger generations than gold with cryptos convenience and superior user experience. While offering many similar protections against inflation and overprinting.

Yes, I have a little interest in gold though, but I think before investing into it I will need to make some serious research based on how it works so that I don’t make any mistake. And if what the op is saying is right, then investing in gold will be hundred percent worth it. I have once thought of investing in gold after my dad suggested it. I think I should do now, but like I said. I will first of all make research about it.

[embargo]

Gold is a real asset, the role of which is artificially understated. Therefore, the rise in gold prices will certainly take place. But whether it will be the second half of 2018 or 2019 - it is difficult to say, because it all depends on the situation or the global capital market.

[First77]