Gold in $/ounce has appreciated 41 times the early 1971 price of $35. This makes me nervous, because the overall purchasing power of a US dollar has declined by only one-sixth since that time, for most commodities & services purchased in the USA, outside of ultra-inflated areas like coastal California. In other words, I wonder if gold has already seen most of its appreciation versus the dollar.
Bitcoin's price benefits from Idiocracy. Assessing voluntary value to an invisible nonentity is most illogical. But after decades of using Government Fiat currency humans have been conditioned to accept, grade and add value to invisible nonentities. When logic is scarce and conditioning complete, the value of nothing can accelerate to very high levels and last for an eternity.
mock my words… before gold spikes up.. it will take a substantial dip. This will happen during the recesion. So if you miss out… dont trip… dont buy. If you do your homework, youll realize what im talking about
I am not too sure if gold acts as a trading vehicle as it has before, there are too many other opportunities to make money in where you do not have to wait so long as well as have too many factors aline in order for the trade to work out. Having said,,, that what do I know?!?!
The thing about these hot chic interviewers is that they seem so switched on and interested any arcane topic. In the real world women like this have nothing going on inside their empty heads. They dont need to. They are there to be entertained. To be pleased.
You had a very very brief 1900 in 2012 as things fell apart. A month or two, then gold demonstrated its ability to drop 1000 points, then stay between 1250 and 1350 for 7 years of see saw. Good luck to you making money on all these reputed leaps of gold, just make sure you are liquid enough to sell at what you see as a peak, because peaks in gold are very brief, as you would hope in a zero dividend item, because as a long term investment gold is horrible. But the big boys will get to sell at peaks, not you. Gold in your hands is not a liquid investment, gold not in your hands is liquid but fake. The average person should feel good about forgetting golds coming quantum leaps. My advice posted for the last 5 years of buy 1200 to 1250, sell 1300 to 1350 because it is a rigged see saw market, was good advice.
I could be wrong now, but a number in the Wall Street journal will not make me wrong. You selling your 1400 gold at 1900 and pocketing 500 an ounce – that would make me wrong. When the number gets high, the impact of stackers or governments selling is hard to predict. Fair chance your sale will not be on an exchange, but at a coin or pawn shop – so the numbers have to filter through some tiers before impacting the widely accepted fake paper price. While gold is real in an unreal world, it is not traded in the real world by little players, the big players dominate that world. I advise holding gold in a manner that assures you access to a liquid market within 7 days, not two months.
If gold really was a liquid asset, most banks would loan money to you at their lowest rates if you let them hold 150 percent in gold from the day of the loan. Most banks will not loan a dime on any amount of gold period. When I can borrow 70 cents for a year on gold posted at $1 today, for an annual interest rate of 4 percent or less, I am all in and will rave about gold. Who wants my gold – but you have to be a bank or reputable institution, not a scammer buying gold at 30 percent discount.