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Author Topic: Be ready for gold's bullish wave  (Read 204 times)
pobeditelvezde
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August 07, 2018, 05:31:54 PM
 #21

Concerning gold my opinion is absolutely opposite. I am pretty sure that gold will continue its downtrend. I agree that around 1200$ is a quite strong vele but I think that this level will be broken out. Moreover I consider that the target price of gold is about 800$ in the future. I do not trade on community market but I would not buy gold in the current moment of time.
By the way let us have a look at the spread between gold and silver if seems me that the spread is very wide. Gold is expensive in more than 100 times comparing with silver. Actually it is the very wide spread especially if we have a look at the historical values of the spread between this assets. Besides dollar is strong enough and it is not so good for gold so I do not consider that gold is the very attractive asset in the current moment of time
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August 07, 2018, 06:13:38 PM
 #22

One really wise man that I know in my life have said that while economy crisis will came up to the point of developing and crashing everything around in the world the only valuable thing that would be last is called gold.
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August 07, 2018, 06:52:20 PM
 #23

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


The main point is it can't. Bitcoin is simply too small. Any deep pocket moves are going to result in volatility. For as long as the marketcap is lower than a couple trillion dollars, volatility will not be reduced to gold's.

I expect Bitcoin to move $10,000 up and $10,000 down by the time we are at 6 figures, kind of like what the Berkshire Hathaway type A stock does, but overall % of volatility will be much lower in absolute terms.

So we just have to way, the money will come. If the elites want to keep their wealth they must diversify some on Bitcoin.

Goldbugs will remain deluded into the fact that gold is pretty much useless in the information age, it's a lost cause I guess.

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August 08, 2018, 03:58:50 AM
 #24

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.

Well, there's a few things to consider here actually:
1. Don't underestimate the possibility of catastrophe and/or political unrest. In such situations, gold may be a better option. Plus, if the power's out, it, other precious metals, other commodities, or cash may be your only option. Plus, crypto accepting machines and merchants aren't everywhere that you may decide to travel.
2. Gold is universally recognized and accepted as money (though not at your local Western grocery store perhaps).
3. Gold has the historical backing of thousands of years.
4. Many of the wealthy and governments still horde stockpiles of gold.
5. Gold is a useful component in multiple industries, and thus has an intrinsic value.
6. Even the average jo can take their gold to the local pawn shop and get cash for it.
7. As to jewelry: A. another intrinsic value - people have always liked gold, and will probably continue to use it for things such as jewelry, which B. also act as forms of investments. If anything, the jewelry can be sold for a higher price than just the gold content (which is valuable enough).
8. Cryptocurrencies at large are highly volatile still, and are still relatively new, and at the core of traditional cryptos... is just code, no intrinsic value, except perhaps being able to post permanent messages across the network (don't get us wrong, we really like crypto, but that's just the situation).
9. There are some companies who are creating tokenized gold, or blockchain tokens pegged to the price of gold, which might be an option to consider, although it would still suffer in the event of #1.

Just some things to consider. Again, we like crypto, but gold has some things going for it.

Have a good day,
The Cyberius team.
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August 08, 2018, 11:33:25 AM
 #25

I am not ready for that to happen, I have not gathered a competitive amount of tokens to participate in that bull run, so if it will take place I think I would be very regrettable and not happy.
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August 08, 2018, 05:29:27 PM
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 #26

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.

Well, there's a few things to consider here actually:
1. Don't underestimate the possibility of catastrophe and/or political unrest. In such situations, gold may be a better option. Plus, if the power's out, it, other precious metals, other commodities, or cash may be your only option. Plus, crypto accepting machines and merchants aren't everywhere that you may decide to travel.
2. Gold is universally recognized and accepted as money (though not at your local Western grocery store perhaps).
3. Gold has the historical backing of thousands of years.
4. Many of the wealthy and governments still horde stockpiles of gold.
5. Gold is a useful component in multiple industries, and thus has an intrinsic value.
6. Even the average jo can take their gold to the local pawn shop and get cash for it.
7. As to jewelry: A. another intrinsic value - people have always liked gold, and will probably continue to use it for things such as jewelry, which B. also act as forms of investments. If anything, the jewelry can be sold for a higher price than just the gold content (which is valuable enough).
8. Cryptocurrencies at large are highly volatile still, and are still relatively new, and at the core of traditional cryptos... is just code, no intrinsic value, except perhaps being able to post permanent messages across the network (don't get us wrong, we really like crypto, but that's just the situation).
9. There are some companies who are creating tokenized gold, or blockchain tokens pegged to the price of gold, which might be an option to consider, although it would still suffer in the event of #1.

Just some things to consider. Again, we like crypto, but gold has some things going for it.

Have a good day,
The Cyberius team.

When goldbugs usually mention "when the power is off" don't specify what that even means. Does it mean temporarily, like being in the middle of a tsunami or some natural disaster, so you have no internet and whatnot? In this case, how would your gold be any better than the rest of the destroyed property? Being physical has these inconveniences.  Also this is just a temporary misfortune. It would get solved eventually and the world will go on, and going on means digital currency.

If you mean it goes off permanently due some sort of war... then I still fail to see how gold matters. During war I doubt people are going to be in the mood to exchange things, most likely they will take things by force, which means you are going to prioritize shelter, weapons, food and water over gold or anything else.

There is no intermediate point in which gold will be the currency of use. If the internet/electricity goes off it means civilization collapsed anyway.

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August 12, 2018, 01:56:21 AM
 #27

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


The main point is it can't. Bitcoin is simply too small. Any deep pocket moves are going to result in volatility. For as long as the marketcap is lower than a couple trillion dollars, volatility will not be reduced to gold's.

I expect Bitcoin to move $10,000 up and $10,000 down by the time we are at 6 figures, kind of like what the Berkshire Hathaway type A stock does, but overall % of volatility will be much lower in absolute terms.

So we just have to way, the money will come. If the elites want to keep their wealth they must diversify some on Bitcoin.

Goldbugs will remain deluded into the fact that gold is pretty much useless in the information age, it's a lost cause I guess.

Yes but what I was asking was if you, I assume as a bitcoin holder, want for bitcoin to reach a state of stability in its present price going from $6000 to $8000.

Won't it be good for its adoption as a stable currency?

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August 13, 2018, 12:34:08 AM
 #28

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.............
this is very profitable to invest in a long time, but I think it's dangerous Because if the rich people sell their gold in a large way this could have a dangerous impact on the price of gold
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August 13, 2018, 02:03:44 AM
 #29

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.............
this is very profitable to invest in a long time, but I think it's dangerous Because if the rich people sell their gold in a large way this could have a dangerous impact on the price of gold

Everything is same if supply increases then prices will go down. Gold is very stable and moves very slow whether up or down so if you think that prices will go down then you will get a chance to sell your gold without much loss. But if your bit late in a crypto market to sell or buy then you may lose a lot of money due to very high volatility.

Earlier Chinees and Indians were buying more gold but a recent survey says that demand for gold has reduced in both countries. In India, young girls not so much attracted to these gold ornaments compared to olden days so automatically gold demand will come down.
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August 13, 2018, 11:46:08 AM
 #30

Everything is same if supply increases then prices will go down. Gold is very stable and moves very slow whether up or down so if you think that prices will go down then you will get a chance to sell your gold without much loss. But if your bit late in a crypto market to sell or buy then you may lose a lot of money due to very high volatility.
The only reason it doesn't jump up and down as much as crypto does is because of how large and liquid that market is.

In the last six months alone Gold has lost over 10% of its value, which means that $800,000,000,000 in value is gone. It's not a big deal for the average person you may think, but unlike crypto that's capable of recovering in a day or so, Gold could potential need a year or two in order to climb back up 10%.

Another major factor is that crypto in its entirety has the potential of going x10-100 in the forthcoming years. In other words, the short term price decline will correct itself later on and still yield significant numbers. Gold however won't be able to see its value even increase with 50% from where it stands at today.

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August 13, 2018, 12:14:25 PM
 #31

There is no intermediate point in which gold will be the currency of use. If the internet/electricity goes off it means civilization collapsed anyway.
Good points, all of them.  I think I mentioned in an earlier post how manipulative (and repetitive) gold bugs are, but when I said that I was referring to people trying to unload their gold on you--if you check coinflation.com, you'll see a bunch of articles listed and they're all about how bullish gold is about to get, etc., etc.  And it's funny.  I've been watching those articles for years now, and they say the same things all the time.  It's always a good time to buy gold.  They always give the same statistics about gold ownership and industrial use, how a silver quarter can still buy a gallon of gas, how much the demand for gold is in China, all of which they think points to how undervalued gold is.  It's NEVER a good time to sell gold.  You'll never, ever read an article about how bearish the market is.

The actual gold bugs, which would include the prepper crowd and those who have a lot of their net worth sunk into metals--those are the truly delusional people, IMO.  I agree that if the power goes off for an extended period of time, we're screwed.  In a Walking Dead-type situation, we'd need food, shelter, guns, medicine, and the basic necessities of life, and I don't think anyone would want to trade gold for any of those, unless they were betting that the power would come on at some point.

When natural disasters actually occur, people use cash for things, not gold.  Even in hyperinflation situations, I think the citizens just use someone else's national currency that's actually worth something instead of gold or silver.  In all the articles I've read about precious metals, I have yet to read any good examples of how people suffering from either hyperinflation or disaster used gold or silver as currency.  

If anyone here can point me to such an example, I'd be grateful.

Edit:  Just checked gold's price, and it's a hair below $1200 now.  That's SOOOO bullish.  lol

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August 13, 2018, 01:07:41 PM
 #32

Gold price right now should be undervalued. Forex market flooded by fiat money and that should be increasing gold price but its not happen and gold price stable on $1200. I am believe gold price will be rising when economic crisis happen and big investor will looking on safen haven investment like gold.

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August 13, 2018, 01:40:19 PM
 #33

With the global economic environment in bad shape, crypto and the value of the dollar falling, gold as a store of value could see a lot of upside.

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August 13, 2018, 01:41:59 PM
 #34

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
Volatility is what makes bitcoin popular last year and I think we actually needs increases in price for bitcoin to get to were it ought to be. If things remains bearish investors will be dissatisfied with it and we need a show of profits for them to invest.

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August 13, 2018, 02:10:19 PM
 #35

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
Volatility is what makes bitcoin popular last year and I think we actually needs increases in price for bitcoin to get to were it ought to be. If things remains bearish investors will be dissatisfied with it and we need a show of profits for them to invest.
indeed, people are interested in seeing results, so they will invest in the pursuit of profit like their friends. and if more and more are buying, of course there will be more demand and cause prices to rise

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August 13, 2018, 03:23:06 PM
 #36

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


The main point is it can't. Bitcoin is simply too small. Any deep pocket moves are going to result in volatility. For as long as the marketcap is lower than a couple trillion dollars, volatility will not be reduced to gold's.

I expect Bitcoin to move $10,000 up and $10,000 down by the time we are at 6 figures, kind of like what the Berkshire Hathaway type A stock does, but overall % of volatility will be much lower in absolute terms.

So we just have to way, the money will come. If the elites want to keep their wealth they must diversify some on Bitcoin.

Goldbugs will remain deluded into the fact that gold is pretty much useless in the information age, it's a lost cause I guess.

Yes but what I was asking was if you, I assume as a bitcoin holder, want for bitcoin to reach a state of stability in its present price going from $6000 to $8000.

Won't it be good for its adoption as a stable currency?


This is non sequitur.

First of all, what I or you want is irrelevant. Macroeconomy doesn't work that way.
In this case, for adoption as a stable currency, you would need a massive marketcap. Again, look at gold's marketcap, at around 7 trillion USD that's the volatility you get, if you are okay with that % of volatility to use a stable currency, then you will use it, will the rest? who knows.

What is clear is, Bitcoin is tiny at $6000, $8000 or $20000, we need it to be $1,000,000 ish so there's enough money in there to reduce volatility. Bitcoin can be stable for a while, but then out of nowhere it will pump massively (and then crash, and so on as it goes higher overall) so there isn't an incentive to spend it on everyday purchases when you have deprecating fiat to do groceries with.

And still, you can't compare it to a government manipulated currency which has a fictitious stability.

To have a Bitcoin economy we need to reach a point where 1 BTC = 1 BTC and you stop thinking in terms of any other thing, that is what they mean by hyperbitcoinization.

Until then BTC will be a better gold, not necessarily used on daily transactions. Lower quality monies will be used for that.

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August 13, 2018, 08:20:32 PM
 #37

Gold is still a major asset in the reserves of a lot of countries, including China and the US.

Whether or not a bull wave will come is up for debate. Obviously with me having an investment in some physical form of gold I'd like to see the prices get up, and there are also signs that this current bear market is going to come to an end soon, there is simply no accurate figure that would say when the bull market will actually be kickstarted.

It's no surprise that growth even in a gold bull market is projected to be so low, due to gold having a much larger market cap than bitcoin, and also having derivatives traded on major platforms. To be honest, I only really see my investment in gold as a long term hedge against fiat currencies, and even then I'm starting to move some of my gold savings to bitcoin.

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August 13, 2018, 08:34:08 PM
 #38

If that trend will happen right now, the only thing that I will hope to get profit from would be my bunch of alternative cryptos that I own... Because with Bitcoin my portfolio is really bad.

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August 15, 2018, 12:18:24 AM
 #39

Here's an example of what the goldbugs look at as good news:  Gold logs first gain in 4 sessions, but still near 1½-year low as Turkey turmoil fades.  Note that gold is now at $1193, which is actually down from when I wrote in this thread the other day.  It's complete bullshit.

Here's another:  The Perfect Panic that’s Crucial before Silver Prices can go Higher.  This is the same tripe that precious metals permabulls keep spewing upon the masses, hoping they'll buy some silver.  They constantly say metals are poised to go higher, IF only X happens. 

Also note that these articles are from within the past day.  These news stories will keep getting rewritten and regurgitated over and over and over.  As I said earlier, they'll tell you that it's NEVER a bad time to buy metals.  They didn't tell you that when silver was at $50 in 2011; they didn't say this in the decade-long run-up to that price, and they haven't told anyone to sell in the 7-year bear market that metals have been in since 2011. 

They're complete hucksters.

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