Gold $30,000/ounce, Silver $1000/ounce, Bitcoin $100,000

timerland

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Quote from: First77 on February 17, 2018, 04:25:21 AM

As they say Gold $30,000/ounce and Silver $1000/ounce. Huh

People are seeing Bitcoin at $100,000 Grin

Bitcoin will reach $100k. Eventually. It's probably not going to happen within a couple of years, stuff like that just doesn't happen.

Hold it long term and you'll reap the rewards. When everyone starts to adopt bitcoin you'll see that price of bitcoin isn't even important. What is important will be the purchasing power of bitcoin, and $100k purchasing power per bitcoin isn't gonna be a dream when everyone's using it and there is only so many in circulation.

Commodities such as gold and silver are quite undervalued right now. They're a part of my investment portfolio. Make sure that if you're investing in gold/silver you're not investing in paper positions, instead by physical.

daarul50

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Quote from: First77 on February 17, 2018, 04:25:21 AM

As they say Gold $30,000/ounce and Silver $1000/ounce. Huh

People are seeing Bitcoin at $100,000 Grin

So far bitcoin prices are able to beat the price of silver. However, bitcoin is still trying to beat the bitcoin price even the highest record of the last bitcoin price is half the price of gold. This is a remarkable achievement for bitcoin movement so it is only natural that many people predict that bitcoin will be able to exceed the gold price.

First77

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Quote from: bryant.coleman on February 18, 2018, 12:16:45 PM

Right now, the total global wealth is measured at around $250 trillion, and out of that gold represents close to $7 trillion. If the price of gold increases to $30,000 per oz., then the total market cap of gold will be $170 trillion, which will be close to 40% of all the global wealth. And I don't think that such a scenario is possible.

To reach $100,000, will Bitcoin get $1,000,000,000,000 ?

bryant.coleman

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Quote from: First77 on February 17, 2018, 04:25:21 AM

As they say Gold $30,000/ounce and Silver $1000/ounce. Huh

People are seeing Bitcoin at $100,000 Grin

Right now, the total global wealth is measured at around $250 trillion, and out of that gold represents close to $7 trillion. If the price of gold increases to $30,000 per oz., then the total market cap of gold will be $170 trillion, which will be close to 40% of all the global wealth. And I don't think that such a scenario is possible.

First77

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Quote from: yoseph on February 18, 2018, 12:12:04 PM

Neither is Bitcoin at this moment but i am sure that OP is predicting the future in some ways and is predicting the value of those investments in some years or maybe months to come.

They are just "greedy talks" to bring in new investors or money from thin air.

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Quote from: spiker777 on February 17, 2018, 09:52:15 AM

I don't know which country you live in, but neither Gold or Silver are anywhere near $30,000 and $1000/ounce respectively. Currently 22ct gold is around $1400/ounce and $16/ounce for silver. Let me know what country you from as there is clearly an arbitrage opportunity I'm missing out on! Or more likely, you're language skills are sub par.

Neither is Bitcoin at this moment but i am sure that OP is predicting the future in some ways and is predicting the value of those investments in some years or maybe months to come.

First77

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Quote from: spiker777 on February 17, 2018, 09:52:15 AM

I don't know which country you live in, but neither Gold or Silver are anywhere near $30,000 and $1000/ounce respectively. Currently 22ct gold is around $1400/ounce and $16/ounce for silver. Let me know what country you from as there is clearly an arbitrage opportunity I'm missing out on! Or more likely, you're language skills are sub par.

Gold Could Be $30,000 an Ounce

http://www.buy-silver.com

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I don't know which country you live in, but neither Gold or Silver are anywhere near $30,000 and $1000/ounce respectively. Currently 22ct gold is around $1400/ounce and $16/ounce for silver. Let me know what country you from as there is clearly an arbitrage opportunity I'm missing out on! Or more likely, you're language skills are sub par.

First77

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Quote from: NorrisK on February 17, 2018, 08:47:15 AM

Unless you store physical gold or silver in your house or safety deposit box, it is virtual just as much as bitcoin.

But they buy/own gold and silver bars which are kept in vaults and they have an account with the bullion dealer. Buyers are bullion account holders. They get digital/electronic receipt of the purchase.

NorrisK

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Quote from: UsernameBitcoin on February 17, 2018, 08:44:56 AM

Bitcoin is not a physical object.

So you cannot compare Bitcoin to Gold and Silver. Gold and Silver are measure in ounces but how do you measure Bitcoin?

Bitcoin is valuable but you cannot compare prices of these three things.

Most people nowadays are not investing in physical gold or silver anyway. The invest in something that says they own x gold or silver. How is that different from any stocks or bitcoin for that matter?

Unless you store physical gold or silver in your house or safety deposit box, it is virtual just as much as bitcoin.

UsernameBitcoin

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Bitcoin is not a physical object.

So you cannot compare Bitcoin to Gold and Silver. Gold and Silver are measure in ounces but how do you measure Bitcoin?

Bitcoin is valuable but you cannot compare prices of these three things.

First77

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Quote from: Pursuer on February 17, 2018, 08:20:22 AM

I am sorry that you got fisted when price dropped and you panic sold at the bottom and missed the boat already but you really need to work on your FUD creativity for once. the topics you spam here are so funny.as for your dumb numbers you are advertising bitcoin more than you can ever imagine Cheesy

so far about 187,200 tonnes of gold has been mined and 1 ounce of it is worth $30000 according to you.
that is 6.6e+9 in comparison bitcoin has only 16.8 million or 16.8e6 and 1 bitcoin is worth $10000 where it should be worth at least 10000 times more if you are comparing it with gold supply Wink

Look at other talks also and decide Bitcoin price in 2019

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Quote from: First77 on February 17, 2018, 04:25:21 AM

I am sorry that you got fisted when price dropped and you panic sold at the bottom and missed the boat already but you really need to work on your FUD creativity for once. the topics you spam here are so funny.

as for your dumb numbers you are advertising bitcoin more than you can ever imagine Cheesy

so far about 187,200 tonnes of gold has been mined and 1 ounce of it is worth $30000 according to you.
that is 6.6e+9
in comparison bitcoin has only 16.8 million or 16.8e6 and 1 bitcoin is worth $10000 where it should be worth at least 10000 times more if you are comparing it with gold supply Wink

First77

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Stock markets, DOW Jones 30,000

First77

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As they say Gold $30,000/ounce and Silver $1000/ounce. Huh

People are seeing Bitcoin at $100,000 Grin

Topic: Gold $30,000/ounce, Silver $1000/ounce, Bitcoin $100,000 (Read 196 times)