Gold Bull Starting: It's Bigger and Better Than Last Time

[Cherylstar86]

Most of those people (gold, silver and crypto vloggers) believe that we'll have a huge crash in markets. One that will last for years and put whole countries into the state of depression. They are preaching the collapse of the Dollar and/or the bursting of housing bubble and nothing happens. Real estate prices in some countries like the UK are going up like crazy and there are no signs of it changing. The Dollar, inflated as it is, is still doing fine. The stock market is acting like it might reverse, but the crash was prevented once in 2003, so they can always start another war (Iran) and keep it going. I just can't imagine a SHTF scenario in our near future.

What you dont realise is the above did happen and they kicked the can down the road by printing trillions in QE money.

All the root causes of 2003 were not resolved, if anything they have got even worse so the clock is ticking again.

I do realise that the signs are there, but they've been there for the last 20 years.
2003 was basically 2008 in the making, just delayed by the war in Iraq, similar to EU bankruptcy delayed by bailouts. I simply believe that they will be able to keep delaying this in future and printing money to the point of hyperinflation, but with the rate it's going we'll be old when it hits us.

So that means the delaying will took more months or even years before Gold bull will start. Many circumstances will be taking place for bitcoin to over run this situation, and I think most of the countries into adoption of cryptocurrency is widely affected. The struggle is real and definitely a serious matter to focus on. Potentially bigger and better cannot be obtain without the dedication of huge holders behind the back of bitcoin, whether it's better than last time; most importantly you have your principles intact.

[1714118804]

1714118804

[1714118804]

1714118804

[1714118804]

1714118804

[exstasie]

I do realise that the signs are there, but they've been there for the last 20 years.
2003 was basically 2008 in the making, just delayed by the war in Iraq, similar to EU bankruptcy delayed by bailouts. I simply believe that they will be able to keep delaying this in future and printing money to the point of hyperinflation, but with the rate it's going we'll be old when it hits us.

Thank you for articulating this so perfectly. This is exactly my feeling on the issue. I've been hearing for so many years how the collapse is imminent, and don't get me wrong, I can see the fiat system is fundamentally unsound. It's just obvious that most people drastically underestimate the ability of governments and central banks to sustain the system even as it edges towards collapse. The end could come several decades down the road. Back in the early 2000s I was waiting on the edge of my seat. Now? Less so......

[stompix]

I do realise that the signs are there, but they've been there for the last 20 years.
2003 was basically 2008 in the making, just delayed by the war in Iraq, similar to EU bankruptcy delayed by bailouts. I simply believe that they will be able to keep delaying this in future and printing money to the point of hyperinflation, but with the rate it's going we'll be old when it hits us.

So that means the delaying will took more months or even years before Gold bull will start.

Many circumstances will be taking place for bitcoin to over run this situation, and I think most of the countries into adoption of cryptocurrency is widely affected. The struggle is real and definitely a serious matter to focus on. Potentially bigger and better cannot be obtain without the dedication of huge holders behind the back of bitcoin, whether it's better than last time; most importantly you have your principles intact.

Add also decades there

@coolcoinz
EU bankrupcy? With billions in trade surplus?
Hyperinflation? Seriously?  Hyperinflation?
If the EU at 0.3 is experiencing hyperinflation what the hell is that thing in Venezuela?

I seriously don't understand this fetish some have that cryptos can't work or be adopted on a large scale unless something really really bad happens and we're out of jobs/food/clothes/pussy.

If it's going to take a full worldwide bankruptcy wave to adopt bitcoin....count me out!!!!

[exstasie]

I seriously don't understand this fetish some have that cryptos can't work or be adopted on a large scale unless something really really bad happens and we're out of jobs/food/clothes/pussy.

If it's going to take a full worldwide bankruptcy wave to adopt bitcoin....count me out!!!!

I feel the same way. If Bitcoin needs fiat currencies and economies to collapse in order to succeed, I'd rather just see the status quo continue.

Bitcoiners picked it up from gold bugs and the Austrian economics crowd. They see fiat money as unsustainable, so they rationally want to position themselves to profit from it. They figure if people lose faith in fiat currencies linked to state economies, they'll naturally turn to decentralized assets (like Gold or Bitcoin) which don't have the same weaknesses. They assume that'll cause their value to skyrocket as stored value flows away from currencies and equities.

On a long enough timeline, I don't think these people are fundamentally wrong, but I think they're of the "broken clock is right twice a day" variety.

[coolcoinz]

EU bankrupcy? With billions in trade surplus?
Hyperinflation? Seriously?  Hyperinflation?
If the EU at 0.3 is experiencing hyperinflation what the hell is that thing in Venezuela?

I seriously don't understand this fetish some have that cryptos can't work or be adopted on a large scale unless something really really bad happens and we're out of jobs/food/clothes/pussy.

If it's going to take a full worldwide bankruptcy wave to adopt bitcoin....count me out!!!!

A bankruptcy of some of the EU member countries is enough. Greece and Cyprus were very close to it and so was Iceland. Of course, their demise won't mean the bankruptcy of Germany. You can't take down a country that basically rules the EU as easily, but the situation is in fact worse than they want us to believe by showing that inflation is below 3%.
This is great, but this is not the only indicator. Not all EU countries are using €.

I said they will keep printing until the point when hyperinflation starts. It has already started in Venezuela and many other countries like Iran.
It's not like this is a steady and slow process. Inflation rises exponentially. One year you see the signs and get warnings from researchers that get shut down by politicians, next year people are forming lines to the nearest ATM.

I agree that a SHTF scenario won't push adoption. People will be to busy worrying and panicking to start learning about decentralized currencies.

[stompix]

A bankruptcy of some of the EU member countries is enough. Greece and Cyprus were very close to it and so was Iceland. Of course, their demise won't mean the bankruptcy of Germany. You can't take down a country that basically rules the EU as easily, but the situation is in fact worse than they want us to believe by showing that inflation is below 3%.
This is great, but this is not the only indicator. Not all EU countries are using €.

Actually, the inflation is below 2% and that 1% might look small but in this contest, it means 33% less than you were assuming.
And the fact that members of the EU who are not using the EURO have higher inflation it actually makes it easier for the others to bail them since their currencies are cheaper and cheaper compared to the euro.

You were saying that one bankruptcy is enough yet 3 were avoided and two of the countries mentioned have no problems anymore, the whole PIGS drama is over..Portugal actually has the biggest budget surplus ever recorded this century.

No, the bankruptcy you're expecting is busy somewhere else  

It has already started in Venezuela and many other countries like Iran.

Comparing the EU with Iran and Venezueala...let's not do this!

[Indamuck]

People seem to always forget that gold production has been rising for the past few decades.  Right now the inflation rate is over 2% which by most reports is higher than the United States dollar.  I know a lot of countries around the world are stockpiling gold but I just don't see it outperforming bitcoin or even the stock market.

[coolcoinz]

Actually, the inflation is below 2% and that 1% might look small but in this contest, it means 33% less than you were assuming.

It is below 2%... since last month! We shouldn't measure something like that by looking at 1 month of data. The number you've given represents the lowest point of the last 6 or 7 months. For the vast majority of 2018 it was above or at 2% and this is still below the total measured average.

The inflation rate in European Union was recorded at 1.70 percent in December of 2018. Inflation Rate in European Union averaged 2.45 percent from 1997 until 2018, reaching an all time high of 8.40 percent in November of 1997 and a record low of -0.50 percent in January of 2015.

And the fact that members of the EU who are not using the EURO have higher inflation it actually makes it easier for the others to bail them since their currencies are cheaper and cheaper compared to the euro.

There are also exception to that. We all know what the exchange rate of Euro to Pound is.

You were saying that one bankruptcy is enough yet 3 were avoided and two of the countries mentioned have no problems anymore, the whole PIGS drama is over..Portugal actually has the biggest budget surplus ever recorded this century.

One is enough if it actually takes place. In my first post I've in fact said that I don't think a bankruptcy will happen and that I believe they will keep delaying it for many years by printing money and bailing out banks, just like they did before. I also did not mean specifically the EU, but also other countries like USA or Russia. All existing fiat currencies are eventually going to overinflate and die, but it can take another 100 years.

No, the bankruptcy you're expecting is busy somewhere else  

Maybe reading its list of achievements and thinking who should be added next time it strikes. Deutsche Bank looks like it might be the first to go.

Comparing the EU with Iran and Venezueala...let's not do this!

Because bigger means immune to crisis? How I'd like that to be true. When it hits nobody will be expecting it, just like people in the US in 1928 did not expect what was about to come next year.  

[stompix]

It is below 2%... since last month! We shouldn't measure something like that by looking at 1 month of data. The number you've given represents the lowest point of the last 6 or 7 months. For the vast majority of 2018 it was above or at 2% and this is still below the total measured average.

Above 2% doesn't mean 3%.  
2.45 is still 16% lower than 3%.
When you put that in trillions it becomes a LOT!!!
And you should always care what the last number is because it shows the direction where things are going!

One is enough if it actually takes place. In my first post I've in fact said that I don't think a bankruptcy will happen and that I believe they will keep delaying it for many years by printing money and bailing out banks, just like they did before. I also did not mean specifically the EU, but also other countries like USA or Russia. All existing fiat currencies are eventually going to overinflate and die, but it can take another 100 years.

Nobody gives a damn about Russia and it's GDP the size of the Netherlands especially since they went bankrupt 2 times already since the 90' and nobody cared. It's like talking about cryptos while watching doge prices.

But I'm going to have to apologize for the confusion about the bankruptcy happening.
Seems like waging war with quotes I'm mistakenly thought you said something which obviously you didn't, so I was debating with god knows what there.

Comparing the EU with Iran and Venezueala...let's not do this!

Because bigger means immune to crysis?  

No, because Germany alone has 2/3 of the exports of China!
Because Germany had a bigger budget surplus of 48 Billions in the first semester, do you know how this looks compared to Venezuela? It means the budget surplus of Germany would pay the entire population of Venezuela their monthly wage for 40 years!!!

Seriously, let's not compare a 14 trillion economy of countries that rely on building every kind of machinery in this world with some that survive on building rat traps.

People seem to always forget that gold production has been rising for the past few decades.  Right now the inflation rate is over 2% which by most reports is higher than the United States dollar.  I know a lot of countries around the world are stockpiling gold but I just don't see it outperforming bitcoin or even the stock market.

Wow, seriously? Never imagined this could be possible, I would have thought of something under 0.1%.

[DisturbedRTX]

Another nonsense. Every time the same thing. But in the end, gold remains at the same price. That's when there will be more than 1300 then we'll talk. 

[usorin]

First Majestic Silver founder, CEO and President Keith Neumeyer thinks another gold and silver bull run is beginning now, one that will make the 2010-2012 run pale in comparison.

2008 eight was a liquidity crisis. It was a “sell everything” mentality.

This time around, it is a different type of environment, says Neumeyer, where precious metals will be in a bull run going forward. Neumeyer says there is too much debt in the system and a reset is inevitable.

What will that look like? He says no one really knows. However, he thinks gold and silver are must own assets.


Click here to watch the video and read more:

https://silverliberationarmy.blogspot.com/2019/01/gold-bull-starting-its-bigger-and.html

I can only agree with it, considering the politics of spending of the last years people has the tendency to invest their money on long term in traditional values like valuable metals.

[andika2018]

In 2018 Gold price stable at $1200-$1300. Its opposite with bitcoin price. At 2018, bitcoin price decline but gold price stable at range $1200. I think Gold will have a momentum in 2019 and the price will rising after many expert worries about economic condition.

[Thanasis]

In 2018 Gold price stable at $1200-$1300. Its opposite with bitcoin price. At 2018, bitcoin price decline but gold price stable at range $1200. I think Gold will have a momentum in 2019 and the price will rising after many expert worries about economic condition.

At most of the market situation the price of gold will be much stable than any other investments so which is not same as cryptos where the rices may increase or decrease 2000% in a year so choose what is your preference while investing on something,high risk and high returns or low risk with low returns.

[awik p]

In 2018 Gold price stable at $1200-$1300. Its opposite with bitcoin price. At 2018, bitcoin price decline but gold price stable at range $1200. I think Gold will have a momentum in 2019 and the price will rising after many expert worries about economic condition.

this can happen, but however investing in gold is safer than cryptocurrency, but volatile gold is smaller than crypto. therefore both have their own advantages. as a percentage, maybe bitcoin will catch up with its rising gold, even though in 2018 it fell considerably. hopefully this year they will start bullrun

[owlman]

I doubt that these forecasts for a new bullish trend in the gold market may positively affect the cryptocurrency market. At the moment, I am interested in when a new trend begins in the market of crypto-currencies, but none of the experts can predict this.

[Crypdon]

Gold rose back then because there was no knowledge of crypto. Now that people are familiar with bitcoin and there are easier methods to acquire some i.e. coinbase, binance, gemini, it is likely that bitcoin rather than gold will pump