You guys were saying the same thing when I posted my first Bitcoin thread @ $1200 a coin. Now who has egg of their face?
Gold is manipulated to a huge extent. If you take away that manipulation gold springs to $65k or there about. How / why? I looked. I did my research and looked. Nothing more. If you look too you'll see why.
Give you a tip.. Why did gold rally from the early 2000's? Because of the wonderful insight of the coming 2007 bank crisis? Of course not. It was all speculation on a gold ETF.
1) The ETF has for spot gold has topped out. More importantly the ETF's can't pay out, let alone in Gold because the amount does not physically exist on the planet. Although many believe they own it.
2) Then there's the printed money + debt, that has not been taken into account in gold prices. A massive QE program in China, US, & the UK will occur in the next recession. And this is the important point some just really don't get. $65k in 10 years from now is like Gold today at $1500.
3) Did you understand point 2? Good. You now understand why paper cash is collapsing and the only way to protect your wealth is to own physical gold.
4) finally gold is not an investment, it is a protector of wealth. Do we need protection right now? I'd argue no. But acquisition of the physical may become a problem during the next recession so no harm to stock up.
5) Massive Head & shoulders on spot gold:
Gold is manipulated to a huge extent. If you take away that manipulation gold springs to $65k or there about. How / why? I looked. I did my research and looked. Nothing more. If you look too you'll see why.
Give you a tip.. Why did gold rally from the early 2000's? Because of the wonderful insight of the coming 2007 bank crisis? Of course not. It was all speculation on a gold ETF.
1) The ETF has for spot gold has topped out. More importantly the ETF's can't pay out, let alone in Gold because the amount does not physically exist on the planet. Although many believe they own it.
2) Then there's the printed money + debt, that has not been taken into account in gold prices. A massive QE program in China, US, & the UK will occur in the next recession. And this is the important point some just really don't get. $65k in 10 years from now is like Gold today at $1500.
3) Did you understand point 2? Good. You now understand why paper cash is collapsing and the only way to protect your wealth is to own physical gold.
4) finally gold is not an investment, it is a protector of wealth. Do we need protection right now? I'd argue no. But acquisition of the physical may become a problem during the next recession so no harm to stock up.
5) Massive Head & shoulders on spot gold:
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