Indeed I personally think that the gold price will rise at least to the end of this year. Strong up but also with a lot more volatility as always and the more stable the crisis gonna be the slower the price will go up. Real gold was always the best safe heaven in crisis times and this is why this time is no different and we see the gold price going to new heights.
It is obvious when we look at the chart showing the last 20 years of gold price movement that for sure we are going up and all surrounding economics facts only support this theory.
Good thinking. As a natural price activities of Gold, it gradually climbs up or falls down. The term of gradually is used when we compare the votality of Gold and bitcoin or cryptocurrency. For traditional investors who only know and invest in gold, gold price is volatile and sometimes make them fear. It is good for market. Without fear and FOMO, we don't have any real financial market.
This is a very good sign for GOLD token and from some time I started to hodl them because are performing way better than other cryptocurrencies and give more stability to my portfolio.
Correct. Gold is a kind of most favorite assets when the world gets troubles with crises. It is a kind of physical stable asset.
I think the gold price will at least match the ATH from 2011 this year.
The ATH in 2011 can be hit in the third or fourth quarter of this year but if I have to bet, I will bet it occurs in fourth quarter. Troubles that the world have to solve after the pandemic will be contained is significantly bigger than the contagious pandemic (in aspect of burden on health system).
Taking into consideration very high volatility on all markets we can suspect this will be a very bumpy ride, so if one decides to invest in real gold or GOLD token, I would advise to stick to the strategy and don't panic sell when the price will drop 10 or even 25% in few days. It should bounce back, as it does many times before and the best strategy is to buy more on the deep and not to sell.
Just a reminder because I know from experience how hard it is to stick to the strategy when the price is falling very fast and our portfolio loses value.
There are always winners and losers on market.