Frankly, I do not understand the current decline in the price of gold. Despite the Greece crisis and the China stock market crash, gold traded weaker, while one would have expected at capital flight into this safe haven asset at least to some degree. I don't know if the gold price is subject to manipulation, but it's clear, that it's not real physical gold which is traded at the Comex.
It's very difficult to predict where the gold price will be heading in the coming months. To me, precious metals still remain an important alternative to Bitcoin. I can not imagine that in an age of excessive debts and quantitative easing the value (as measured in fiat) of precious metals will stay constant or decline.
Maybe we're currently experiencing the final hiccup before the great leap upward...
ya.ya.yo!
it was expected in reality, because gold, contrary to the general belief, isn't safe at all and with the usage of digital gold more now vs in the past, i'm quite sure that gold is manipulated as well, maybe not like bitcoin but there is indeed a manipulation on the long term, also it wasn't said that gold can be reproduced synthetically?
if this is true, it can be bad for gold, because its scarcity will be compromised, and you will get a inflationary assets that can only lose value over time
How do you know bitcoin can't be an investment for long time? I think bitcoin could take over the world eventually and if it did the value of bitcoin would go through the roof.
