Bitcoin Forum
June 21, 2024, 11:45:21 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Gold bubble and Economic situation more what to expect  (Read 523 times)
Polo7 (OP)
Jr. Member
*
Offline Offline

Activity: 392
Merit: 7


View Profile
November 08, 2019, 04:04:35 PM
 #1

As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.
Wysi
Sr. Member
****
Offline Offline

Activity: 1624
Merit: 261



View Profile
November 08, 2019, 04:28:36 PM
 #2

As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.

Absolutely there is no better safe haven than one's knowledge as it will lead us to success in every aspect but I don't agree with the statement saying gold is not a safe haven as it has always been safe haven since ages and it will remain to be safe haven,  kindly explain us few points why gold is not a safe haven? Yes bitcoin is not a safe haven as its volatile.

The Sceptical Chymist
Legendary
*
Offline Offline

Activity: 3374
Merit: 6885


Top Crypto Casino


View Profile
November 08, 2019, 04:54:16 PM
 #3

As I predicted here the Gold bubble Will pop.
Gold is NOT in a bubble right now.  In fact, gold is existing in the market in the farthest thing from a bubble you could imagine.  It was in a bubble in the years leading up to 2011, but definitely not now.  So I'm not sure what you're thinking here.

safe heaven  Safe HAVEN.  You're welcome.

Gold is the closest thing to a haven as you're likely to find in the investment world, and that's basically because its price isn't very volatile (usually).  And it's supposed to keep pace with inflation, even though I would contest that assertion.  Bitcoin is most definitely not a safe haven asset, and that's precisely because of its volatility.  Sound about right?

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
Polo7 (OP)
Jr. Member
*
Offline Offline

Activity: 392
Merit: 7


View Profile
November 08, 2019, 04:59:07 PM
 #4

As I predicted here the Gold bubble Will pop.
Gold is NOT in a bubble right now.  In fact, gold is existing in the market in the farthest thing from a bubble you could imagine.  It was in a bubble in the years leading up to 2011, but definitely not now.  So I'm not sure what you're thinking here.

safe heaven  Safe HAVEN.  You're welcome.

Gold is the closest thing to a haven as you're likely to find in the investment world, and that's basically because its price isn't very volatile (usually).  And it's supposed to keep pace with inflation, even though I would contest that assertion.  Bitcoin is most definitely not a safe haven asset, and that's precisely because of its volatility.  Sound about right?



Gold Price Falling and it Will fall even more!
mersal
Member
**
Offline Offline

Activity: 1204
Merit: 38


View Profile
November 08, 2019, 05:06:27 PM
 #5

As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.
Did you said Gold bubble? Or am I the only person seeing that words. Tongue

Gold is not the bubble,it is most preferred asset for anyone who don't want to lose their value of asset so its not the safe heaven its storage of value in secured way than any other thing.

Knowledge and information could be a bubble too,if you are a well educated person before 20 years,what if you stuck with the same level of skills in 2019. Shocked
Polo7 (OP)
Jr. Member
*
Offline Offline

Activity: 392
Merit: 7


View Profile
November 08, 2019, 05:07:35 PM
 #6

50% investors Will be turning into bitcoin very soon.

Its not a end for Gold coz its too big to fall like that.
But I guess,  Gold Will make 30% drop and After that Other 10% price drop.

Gold is Still on the go... But  the 30% correction is coming Up.


Its a Good for bitcoin coz many Old Gold investors Will Invest into bitcoin.


Dont forget that fiat money is cheap again.
When money is cheap and unflation high then Gold and bitcoin can go Up.

But First Let's see how many Gold investors can remain calm during the time When Gold start Falling.


mersal
Member
**
Offline Offline

Activity: 1204
Merit: 38


View Profile
November 08, 2019, 06:22:56 PM
 #7

50% investors Will be turning into bitcoin very soon.

Its not a end for Gold coz its too big to fall like that.
But I guess,  Gold Will make 30% drop and After that Other 10% price drop.

Gold is Still on the go... But  the 30% correction is coming Up.


Its a Good for bitcoin coz many Old Gold investors Will Invest into bitcoin.


Dont forget that fiat money is cheap again.
When money is cheap and unflation high then Gold and bitcoin can go Up.

But First Let's see how many Gold investors can remain calm during the time When Gold start Falling.



I don't think any gold investors will move to bitcoin because both are completely different extreme on volatility and ROI so increase in the price of bitcoin may not affect gold price as you mentioned.Gold price will decrease in case of deflation but it doesn't mean the value is dropping.If there is an economic crisis then it will test bitcoin not the gold so gold investors are in safe now not in heaven.
exstasie
Legendary
*
Offline Offline

Activity: 1806
Merit: 1521


View Profile
November 08, 2019, 06:34:56 PM
 #8

As I predicted here the Gold bubble Will pop.

What bubble? Gold has been ranging sideways for 8 years.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.

Of course BTC is no safe haven. It was invented 10 years ago and still has major bugs from time to time. Cheesy

There is no true safe haven. Nothing will hedge you for all contingencies. In a conventional crash/recession, cash is king and gold often declines. In a fiat currency crisis where USD and others are collapsing, the opposite will likely be true and gold will outperform everything, being that it was the most reliable monetary basis before fiat money.

CryptoBry
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 355



View Profile
November 09, 2019, 02:37:31 AM
 #9

As I predicted here the Gold bubble Will pop.  People asking me is the Gold really safe heaven? My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! Your best safe heaven is knowledge and information.

Safe haven is a concept that is a loose term for something that can be providing some stability during the times of crisis, upheavals and chaos especially in the global scene. There is no such thing as an absolute safe haven because there will always be risks wherever we go and whatever our choice can be. This can be referring to gold or to Bitcoin. However, we know that in terms of stability, Bitcoin is definitely more volatile than gold. Fiat or paper money is for sure not the safe haven because they can be demonetized anytime so its value is very much dependent on the government who issued the same papers. Now, talking about knowledge and information, we also have to remember that what you know can be changing and they can also be obsolete. In other words, there is actually no safe haven and if you appreciate spiritual matters in my view only a higher being can be providing that safe haven.
abhiseshakana
Legendary
*
Offline Offline

Activity: 2268
Merit: 2256


From Zero to 2 times Self-Made Legendary


View Profile WWW
November 09, 2019, 08:14:40 AM
 #10

Before 1970, gold prices tended to be stable, not much fluctuating. However, after 1970, the price of gold fluctuated sharply until now. The gold bubble had indeed occurred in 1970 but after that, there was sometimes a decline in prices, it was not significant and usually only in the short term, and did not change the tendency of its value to continue to rise.

Why does the demand for gold tend to rise because gold has a real value that cannot be lowered by monetary policy paper money can. Simply put, the more paper is liquidated, the more your purchasing power is eroded, and the more you need to shift your belief from paper money to gold.

People who worry that gold is in a 'bubble' usually compare whether gold is valued in paper money. Their perception is that paper money is a reasonable benchmark for financing goods or assets that will be valued. in contrast, the central banks that control the banking world use the gold system as a benchmark for their value and support for their currencies

If the American dollar does not fall due to the recession in the US, then it will not affect the price of gold. However, if the dollar goes down due to a recession, the demand for gold will also be affected so prices will also change. "As soon as demand falls, the price of gold will go down too. Because international gold prices are determined in US dollars, then the price of local gold is also influenced by the exchange rate against the dollar. Assuming a fixed price, the weakening of the rupiah will make the local gold price higher. vice versa, which means that the prediction of gold prices is determined by two factors: first, the development of international gold prices and second, the exchange rate against the dollar

In my opinion, gold is still the best place to invest because the risk of gold is considered low.

.
.Duelbits.
█▀▀▀▀▀











█▄▄▄▄▄
TRY OUR
  NEW  UNIQUE
GAMES!
.
..DICE...
███████████████████████████████
███▀▀                     ▀▀███
███    ▄▄▄▄         ▄▄▄▄    ███
███   ██████       ██████   ███
███   ▀████▀       ▀████▀   ███
███                         ███
███                         ███
███                         ███
███   ▄████▄       ▄████▄   ███
███   ██████       ██████   ███
███    ▀▀▀▀         ▀▀▀▀    ███
███▄▄                     ▄▄███
███████████████████████████████
.
.MINES.
███████████████████████████████
████████████████████████▄▀▄████
██████████████▀▄▄▄▀█████▄▀▄████
████████████▀ █████▄▀████ █████
██████████      █████▄▀▀▄██████
███████▀          ▀████████████
█████▀              ▀██████████
█████                ██████████
████▌                ▐█████████
█████                ██████████
██████▄            ▄███████████
████████▄▄      ▄▄█████████████
███████████████████████████████
.
.PLINKO.
███████████████████████████████
█████████▀▀▀       ▀▀▀█████████
██████▀  ▄▄███ ███      ▀██████
█████  ▄▀▀                █████
████  ▀                    ████
███                         ███
███                         ███
███                         ███
████                       ████
█████                     █████
██████▄                 ▄██████
█████████▄▄▄       ▄▄▄█████████
███████████████████████████████
10,000x
MULTIPLIER
NEARLY UP TO
.50%. REWARDS
▀▀▀▀▀█











▄▄▄▄▄█
BitHodler
Legendary
*
Offline Offline

Activity: 1526
Merit: 1179


View Profile
November 09, 2019, 08:42:40 AM
 #11

I haven't seen gold as a safe haven, ever. It's an asset that's based on speculation mostly with how +80% of its daily volumes are derivatives people trade. If people really cared about gold they would buy and hold it physically.

Yes, it has been around for thousands of years where people used it as money, but that still doesn't mean it has to go up in value continuously, especially with how the supply isn't limited at all.

People tend to refer to gold as deflationary currency, but that's not the case.... another thing is that gold doesn't lose its utility, which means that the gold coins or items of thousands of years ago can be put back in circulation today by melting them.

BSV is not the real Bcash. Bcash is the real Bcash.
tinyteapot
Sr. Member
****
Offline Offline

Activity: 1161
Merit: 275


View Profile
November 09, 2019, 09:31:43 AM
 #12

Quote
Gold is not safe haven even bitcoin is not safe haven!!
There is no holy grail when it comes to investments, most of our investments analysis are based on speculations and untrustworthy technical analysis.

Bitcoin is a digital gold, the situation driving its price is different from that of natural gold. Remember that gold is wanted by all nations while most nations ban bitcoin.

Investment assets is not a respecter of anybody, we should boast less when our predictions happened since we did not have much contributions towards it besides mere words.
figmentofmyass
Legendary
*
Offline Offline

Activity: 1652
Merit: 1483



View Profile
November 09, 2019, 09:52:55 AM
 #13

I haven't seen gold as a safe haven, ever. It's an asset that's based on speculation mostly with how +80% of its daily volumes are derivatives people trade. If people really cared about gold they would buy and hold it physically.

Yes, it has been around for thousands of years where people used it as money, but that still doesn't mean it has to go up in value continuously, especially with how the supply isn't limited at all.

People tend to refer to gold as deflationary currency, but that's not the case.... another thing is that gold doesn't lose its utility, which means that the gold coins or items of thousands of years ago can be put back in circulation today by melting them.

gold's supply is limited. it just doesn't have a hard cap on supply. bitcoin was really the first asset in history with that attribute.

but right now bitcoin is actually quite inflationary. its stock-to-flow ratio will still be lower than gold after the next halving, which suggests to me that its price is more so driven by speculation than limited money supply.


Kyraishi
Hero Member
*****
Offline Offline

Activity: 952
Merit: 513



View Profile
November 09, 2019, 10:20:23 AM
 #14

I hate this term bubble to be honest, it's so often misused by everyone and it just ends up with everything being called a bubble.

Look at gold, it's the farthest thing from a bubble and it's literally one if the most stable investments, and it's still being called a bubble. What?

It's still based on speculation as well, and does pretty well, and we often refer to bitcoin as digital gold due to them both having limited supplies.

kawetsriyanto
Legendary
*
Offline Offline

Activity: 2268
Merit: 1117


spinarium.com


View Profile
November 09, 2019, 12:02:18 PM
Last edit: December 10, 2019, 03:11:39 AM by kawetsriyanto
 #15

Your best safe heaven is knowledge and information.
This should not be compared with others. Everyone knows about it!

Gold Price Falling and it Will fall even more!
Will fall even more??
Who said that??
You??

Please, give a valid data or theory about this! I doubt you just guess it.  Cheesy

I suggest you spend a few minutes to know the current condition about Gold and the price prediction in the future. It will help you to understand that Gold is really a bubble or not. For me, based on some articles, Gold is quite safe and shows a promising chart for its price.

Please read these articles about Gold price prediction :
1. https://www.ccn.com/gold-price-rally-2020-global-stocks-slump/
2. https://capital.com/gold-price-forecast-2020-and-beyond-to-buy-or-not-to-buy

.
SPIN

       ▄▄▄██████████▄▄▄
     ▄███████████████████▄
   ▄██████████▀▀███████████▄
   ██████████    ███████████
 ▄██████████      ▀█████████▄
▄██████████        ▀█████████▄
█████████▀▀   ▄▄    ▀▀▀███████
█████████▄▄  ████▄▄███████████
███████▀  ▀▀███▀      ▀███████
▀█████▀          ▄█▄   ▀█████▀
 ▀███▀   ▄▄▄  ▄█████▄   ▀███▀
   ██████████████████▄▄▄███
   ▀██████████████████████▀
     ▀▀████████████████▀▀
        ▀▀▀█████████▀▀▀
.
RIUM
..FAST DEPOSITS .........
..AND WITHDRAWALS..
    ▄▄████████▄▄                        ▄██████▄
  ▄███████▀██████▄                    ▄██████████▄
 ██████ ▀▀ ▄ █████       ██          ▄████████████▄
████████  ▄▀▄ ▀██▀      ▄███       ▄███          ███▄
███████▄  ▀▀▀ ▄██      ▄█████▄    ████████    ███████
███████  ██▀  ▄██     ████████▄   ███▀ ▄▄▄    ▄▄▄▄▀██
█████▄▄  ▀▀▄   ██▄    ▀▀█████▀▀   █████▄▄▄▄▄▄▄▄▄▄▄███
 ██████ █ ▄ ▄█████    ▀▄▄▀▀▀▄▄▀   ████████    ██████▀
  ▀███████████████     ▀█████      ▀██████▄▄▄▄████▀▀
    ▀▀█████████▀         ███         ▀▀████████▀▀
..WHEEL OF..
..FORTUNE...
.WELCOME OFFER .
......200% + 50FS.....
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████▀▀██████
████████████▀▀▀    ██████
███████▀▀▀   ▄▀   ███████
████▄     ▄█▀     ███████
███████▄ █▀      ████████
████████▌▐       ████████
█████████ ▄██▄  █████████
███████████████▄█████████
█████████████████████████
▀███████████████████████▀

.PLAY NOW.
[/ta
adzino
Copper Member
Hero Member
*****
Offline Offline

Activity: 2968
Merit: 575


www.Crypto.Games: Multiple coins, multiple games


View Profile
November 09, 2019, 12:33:54 PM
 #16

Quote
Gold is not safe haven even bitcoin is not safe haven!!
There is no holy grail when it comes to investments, most of our investments analysis are based on speculations and untrustworthy technical analysis.

Bitcoin is a digital gold, the situation driving its price is different from that of natural gold. Remember that gold is wanted by all nations while most nations ban bitcoin.

Investment assets is not a respecter of anybody, we should boast less when our predictions happened since we did not have much contributions towards it besides mere words.
Stop comparing bitcoin with digital gold. Honestly, there is not much difference in the price being set for either gold or bitcoin. Both of the prices are derived based on the availability. Both of the prices depends completely on demand and supply. Where did you come with the information about bitcoin being banned in "most" of the nation.
As far as I know, only few government around the world banned the use of bitcoin.

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
1Referee
Legendary
*
Offline Offline

Activity: 2170
Merit: 1427


View Profile
November 09, 2019, 12:34:13 PM
 #17

If people think Gold is a bubble that's bursting, they are highly mistaken. It takes a few seconds to pull out a Gold chart to point out that its price has been trending up slowly, exactly like how it should perform. It's not a get rich quick scheme like most shitcoins are. It's a serious asset for serious people.

Gold's bubble bursted back in 2011 after a bull run that left people in the financial world bewildered. It saw a correction of ~45% afterwards but that's perfectly normal considering the profit taking that has to happen. Speculation isn't any different within Bitcoin or within Gold. People are keen to buy things that go up and sell them the moment they go down.

No asset is a safe haven when people have bills to pay and investors have debt to pay off. 
Febo
Legendary
*
Offline Offline

Activity: 2730
Merit: 1288



View Profile
November 09, 2019, 07:29:06 PM
 #18

As I predicted here the Gold bubble Will pop.

Can you tell more please. So Gold bubble will pop after I guess decades. When it will pop and at what price you expect is will settle then?
abeecrypto
Copper Member
Member
**
Offline Offline

Activity: 242
Merit: 18

Proof-of-Stake Blockchain Network


View Profile
November 10, 2019, 09:36:52 AM
 #19

Sure, there is no safe heaven. Well, except the real heaven itself, which unfortunately is not on earth. Lol. However, we can better place our selves in someplace close to safe heaven.
The best place close to safe heaven is not just the knowledge and information we get but its utilisation.
That is why the saying goes: Knowledge is power.
Having said all that, I think ‘safe heaven’ can be relative. Some see gold as a safer heaven while some go for Bitcoin.
yoseph
Sr. Member
****
Offline Offline

Activity: 868
Merit: 266



View Profile
November 10, 2019, 10:51:19 AM
 #20

Gold is mostly a safe haven whenever there is a serious or a global economic crisis that's when investors tend to invest into gold and makes the value skyrocket over a short period of time. But somehow during the 2008 great recession the value of gold seemed to drop instead of going up which seemed to be the norm during every financial crisis.
Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!