I’m not going to argue. Gold is going up. It will come down and then correct again as it has always been. Last good example is 2008. Went up, then went down. People rush to buy it in uncertain times. That fact right there should show you Its psychological.
Anyway agree to disagree. I’m preparing to my off my house with the gold, silver, bitcoin and maid that I have been acquiring, we’ll never get a moment like this again.
Depends. In Australia the government knows nothing about my precious metals yet they know about my crypto. I love both but the one thing Bitcoins and crypto can’t get over precious metals is consistently being a store of value for 5000- 6000 years. Time will tell, we’ll be long gone by then though.
We will see gold at $5000 US within 5 years IMO
Is the
DOLLAR IN THE LAST INNING
of its dominance? Here’s the intel and answers YOU NEED! This is Part 1 of 2. The Federal Reserve has set up varies schemes to relieve the pressures of US dollar denominated debt outside the United States. The problem is they don’t work well in most cases. Like the US, commercial banks in other countries are usually required as a transfer mechanism. If the banks aren’t willing to lend to a failing business as an examples the newly printed dollars just sit at the Federal Reserve. So if the US dollar appreciates it’ll cause several countries, and maybe countries to go bust. If this happens on a global level it could be the final push or motivation required for everyone to abandon the US dollar fiat currency system.
Part 1 & 2 are well done.
All this money will certainly chase up price of tangibles. I think you are right about Gold.
There are no alternative currencies that can compare to the US dollar in the foreseeable future. International trade is written in US $ so everyone needs US dollars to survive, the Euro region is stuffed for a long time if the Euro can survive at all, Britian will get screwed by the US once they get around to agreeing a trade deal. China has lost credibility with the 83 tonnes of fake gold story (Just imagine how much more is out there). And the US will only get stronger now that Globalisation is dead and they shift relevant industries back to the US or Mexico
Over 75% of the US debt is also owned by the US themselves. Articles make a massive deal out of the foreign debt the US owes to places like China and Japan but when looking at the whole, it’s not nearly as much as perceived.
Which is exactly why the U.S. knows they can print as much money as they freaking like with no consequence…
So instead of using a blockchain ledger the AT2 mechanism could solve this privacy issue.
Also they are one of a very few economies that can survive on internal consumption
It’s interesting to think about which would/will fail first. Prior to the pandemic, it was, I think, clearly the internal consumption; particularly with all the outsourcing they have done in the last decade. Now…I’d bet on hyperinflation occurring first, but I’d better save that money.
Let’s not forget that the US confiscated gold in the 1930s, forcing people to hand it over or risk huge fines. This was arguably when gold had a more special status than it does today too, as it backed the currency.
Yes, you could hide it, but don’t rule put governments attempting to seize it if the SHTF.
Who else here thinks the US stock market and bitcoin are about to take a dumpy dump? If not in a couple days then sometime in July? The historic volatility on bitcoin is I’m pretty sure at a historically long low and usually a 38% or so decline precedes that trend. July is when the government stops some debt forgiveness and the extra $600 a week on top of unemployment benefits while covid cases are just starting to increase. Plus all the crazy stubborn Americans that had to celebrate the 4th with each other will see a delayed tick in cases. This might be the second wave that is way earlier than in the fall that was expected.
Might be a time to consider shorting.
I am long on Bitcoin, no chance for the current money system to survive… its the only prominent asset that is scientific proven limited, not even gold.
I’m feeling BTC going lower over the next couple of months. I don’t short but do buy MAID on the lows.
The fed has 1.6 trillion stored up that it can dump. I wonder if or how they will use this in the coming months.
If price inflation does occur, expect the stock markets to rise.
BTC and gold are more like hedges against financial collapse. I wouldn’t bet against it surviving though as time and time again it has survived before. A small amount as insurance makes sense though.
BTC has an added speculative angle too, as do many crypto projects. Much like with the stock market, inflation may reward technological progress.
Gold is not proven limited…? Righto.
Gold is money.
Trees are also wood. Your point?
The Fed will just flood the markets with free money. Main Street is already disconnected with Wall Street. Infections are rising but deaths are falling - strange. I can’t see the stock markets falling for a few months yet.
He’s saying there is a market correction up ahead and does not see US recovery until 2022.