Discussion in 'Gold' started by openeyes, Mar 31, 2020.
So the US dollar is a good "investment"/"savings asset" for short-mid term?
Let's our grandkids(maybe even kids) worry about future...
depends on where and who you are
At the meantime, BUY ... BUY ... BUY!!!
Buy gold or buy USD?
I'm still quite young, but I try not to worry too much
Gold shot up above 1,700 $ again, just under 1,710 $ now.
If it will fall, then it's not a good investment. It's very high anyway. Unsure, because this might be the first phase of a very severe crisis, where despite the crash of oil's price, people might still run to buy gold.
The problem I have with gold is that it's perceived as an "expensive asset" and people tend to look at the ounce price. Even poor people look at an ounce's price, although they could buy smaller amounts, like 2 g, 5 g, even.
Worse: gold tends to get overbought. People just hoard it until it shoots to high and then they look at each other with hesitation.
Then, some will sell it (profit taking), others will hold it, so the price drops again. Yeah, I know, it's mostly paper gold, not physical. But it's similar with physical as well.
Not sure if the two markets will really separate. Damn I can't stand ETF's!
They have separated and to see the strength of the dollar just look at gold.
Was 1250 a few months ago.
Is that an "official" separation? That would mean the death of paper gold. I'm not into paper stuff, but as far as I know, the futures madness still hasn't clogged. They're still at it. And I think they could manipulate gold downwards.
We're not constrained by what politicians spent during our grandparent's lives, and our grandkids won't be constrained by what is spent during our life. In fact it'll be even less so.
This applies to Federal spending though, what the States spend now certainly has an impact on their capacity to pay in the future.
At 16:10, Mike Maloney says there "might be one last big dip in precious metals before it's really off to the races"
He also states that he likes to buy at lows, not highs. It is very high right now. I think a correction could follow, it's been struggling at around 1,700 $.
What's odd, wicked even is how Maloney's hair turned silvery from gold. A sign from above?
That won't happen.
Commodities markets can't function without futures, so stop dreaming the hypothetical.
"They" haven't seemed to have succeeded over the years, so why do you think "they" could do it now?
JohnnyBravo300 said the the futures market and the physical have already separated. I know they haven't, but why is everyone predicting it?
If they really separate, then it will be very hard for the futures market to survive. It will not be able to bring the price of gold down. In fact, it shouldn't influence gold's price at all (to be fairly a separate market, but still pegged to physical gold's price). That would be absurd, because then trading "paper gold" shouldn't happen (otherwise that would influence the price).
So, paper could could almost become like sort-of-a gold bond. Or something similar. Like a "ticket" that is always worth physical gold's price.
But then again, there should be only as much of these tickets as there is physical gold backing for them.
Commodities markets require futures market technically, obviously. Because they can't move around goods back and forth whenever they're being traded.
But something needs to change, there's too much manipulation and lack of backing...
"They" succeeded in 2013. Some call this "profit taking". Everyone who bought "paper gold" at a cheaper price last year could sell it this year.
It's a good time to sell now.
Stocks are way down and gold is up. Seems separated to me.
This is a very interesting video by Mike Maloney about the Wealth Cycle, really worth seeing.
Gold can be a fantastic investment, if you know how to invest, when to buy/sell etc.
An interesting screenshot from the video:
Having a single asset class doesn't help you much, one has to move from investment to investment. Then you can collect the fruits of success.
Gold up today, stocks even tho highly pumped, barely moved.
The separation is between fake and real. Why would gold follow stocks at all in this environment. The stock market isnt reflecting strength in the dollar at all anymore. Gold prices reflect reality more than they do fakeness.
Gold is doing it's own thing more and more every day slowly even incrementally and is small differences for now.
It's totally diverging as we are watching it.
Any meaningful moves upward will be shadowed by gold at least.
Dow jones $23,000 something
Gold $1700 something
Why would gold follow stocks at any time?
They always diverge.
Nothing to see here.
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