How true! Great advice. Indeed... People are wasting too much energy trying to buy in with poinpoint accuracy - grabbing an ounce here and there... but quantity counts a lot more. This year, even if it stays above 1,500 $, it will be a "gift period". Those who hesitate will cry at 2,000 $.
Well I expect we'll see gold approach AUD3000 briefly this year, through a combination of AUD at ~63c, and AU at ~U$1936. Reasoning; Fires aren't done with-2 months more at least, then the floods. Surplus is long gone and RBA will be pushing the dollar down at every opportunity. US stocks will roar, engineered for Trump's re-election which is another weight on AUD, China is wobbly leaving Oz exports in the ground and no rescue there. Iran, oil and Europe troubles with the final migrant invasion wave. And there is also a potential USD devaluation by another print run for the election.
Always like when someone puts a figure out there. Elliot waves tell me AUD heading up to mid 70's to 80c, while gold will rise, but won't pass US$2000. Be interesting to see if fundamentals are stronger than technicals.
mmmmm... AUDUSD is in a downtrend for the last 10 months, but not in an impulsive one so we think this can be wave B) of an irregular correction. We are specifically tracking sub-wave c down towards the 0.656 area, after a completed sub-wave b at the 0.693 level. https://www.fxstreet.com/analysis/a...-and-below-elliott-wave-analysis-201911191016
The real big story for 2020 is Meghan & Harry step back from the royal family. Clearly this is more important than any other event in the world today...
No-one can tell that. But if you think 10 years, then until 2030 its price will have surpassed 3,000 $ already.
If you're willing to wait till 2030, might as well bet on silver instead because the supply will be much lower than today and prices will be over $100.
If recent history is a guide, every time gold and silver prices have gone way up (since 1979), the gold/silver ratio tightens up very much compared to where we are now. Just like how silver falls farther percentage wise when prices drop. In 2011, the ratio got down to 32 or so. Right now we are at 86 or so. If someone likes gold better than silver, they can swap their silver for gold and in the end have roughly 2.5X the amount of gold as opposed to buying gold now and sitting on it. If the prices never go up than gold is better for sure. But if the prices never go back up you'd be better to sell it all now and invest in something else. I think the prices will go up Bitcoin style someday after a bad dollar/currency event. I like gold much better than silver as far as the metals go, but silver is a much better buy IF the price of gold is going to rise much higher some day over the rainbow.
I now own 70% more gold than silver. For me, silver is more for the medium to long term. The longer the better because base metal mines are depleting and there's not enough metals to support the world's consumption at the current rate for another 20-30 years. Stuff like copper, nickel are all getting harder to mine and it's now getting more difficult for global corporations to bribe developing world government officials to mine freely.
‘Stop buying Iranian oil or face sanctions’: US in talks with China over Iran https://www.rt.com/business/478104-us-china-iranian-oil/
This could play a part. https://www.silverdoctors.com/headl...fed-keeps-pouring-money-into-the-repo-market/
I haven’t seen or heard anything yet which could lead to a collapse. Yes plenty of corrections but not a collapse. If we could predict what causes a collapse or when it might occur then it wouldn’t be a collapse after all. The thing about collapses is that they catch people completely by surprise.