Gold Price: They can take it down more, but can't hold it there for long.

hua_hui

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Quote from: Amph on April 28, 2015, 02:12:09 AM

Quote from: thejaytiesto on April 27, 2015, 08:44:49 AM

Gold is still the safe haven.. even if superior methods of storing wealth like BTC are being created, Gold is still psychologically a synonym for wealth, for something very valuable, which translates into the price. This is far from having intrinsic value, which it doesnt.

even if gold has is practicall utility in the real world, nothing will say that his price will remain high just for that, everything have a chance to collapse, gold isn't an exception, there are not safe heaven

gold isn't for me anyway, too much stability(stagnant price isn't fun...), i like more volatility, not like bitcoin maybe....

I think gold is for the long term investment. As an investor, we could buy little bit from time to time, just to avoid the risk. For the long term, I am optimistic. But for the short term, I am not.

OROBTC

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...

Gold and Bitcoin are both good assets to own if you have little confidence in .gov. I own both, but more $-value in physical gold in my own possession.

Short-term they can manipulate the prices of both a LOT. Longer term it will be harder.

GOLD has 5000 years + of being viewed as the best Store of Value.

Bitcoin might be the future. Hold both!

Especially gold............

Erdogan

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Purpose of gold reserves: the dominators can steal it when shit hits the fan.

Amph

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Quote from: thejaytiesto on April 27, 2015, 08:44:49 AM

Gold is still the safe haven.. even if superior methods of storing wealth like BTC are being created, Gold is still psychologically a synonym for wealth, for something very valuable, which translates into the price. This is far from having intrinsic value, which it doesnt.

even if gold has is practicall utility in the real world, nothing will say that his price will remain high just for that, everything have a chance to collapse, gold isn't an exception, there are not safe heaven

gold isn't for me anyway, too much stability(stagnant price isn't fun...), i like more volatility, not like bitcoin maybe....

BTCevo

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Quote from: BobK71 on April 27, 2015, 11:06:08 AM

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Gold is down because the Fed is probably going to raise interest rates and investors will move their money and that it's traded against the USD. We won't see a gold SPIKE soon unless something crazy happens like Greece kicked out of the Euro. There may be some rallies soon if the Fed hints on delaying interest again.

In the short run, definitely true. When (and if!) the Fed can raise rates without setting off a bomb in the markets, both gold and bitcoin will go down some more.

I don't know how much Bitcoin will be effected as it seems to be different types of investors.

Is there really correspond between bitcoin and gold? I dont think their market is in the same way, altough fed going to raise the rates I dont think bitcoin is gonna be affected

BobK71

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Quote from: ?? on ??

Gold is down because the Fed is probably going to raise interest rates and investors will move their money and that it's traded against the USD. We won't see a gold SPIKE soon unless something crazy happens like Greece kicked out of the Euro. There may be some rallies soon if the Fed hints on delaying interest again.

In the short run, definitely true. When (and if!) the Fed can raise rates without setting off a bomb in the markets, both gold and bitcoin will go down some more.

NUFCrichard

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Quote from: tokeweed on April 27, 2015, 08:50:01 AM

Quote from: Wilford01Brennan on April 27, 2015, 08:04:16 AM

So, The gold price fell below $1,200 last week and like other investors, you too are bearish on gold bullion. There are people who have a tendency to be bearish on Investing in Physical Gold and they keep on suggesting that you should too.

I have seen and many of you would also agree with me that investors have done extremely well when they have shown the courage to go against the trend and hold a position when others or a majority is downright negative on the same thing. If you look closely to the situation around, you will realize that gold bullion is offering that same golden opportunity to you.

Watch this video--Lombardi says there is a classic supply/demand squeeze is in the works that could push up gold prices significantly.

https://www.youtube.com/watch?v=ippoROePWoQ

Isn't denial in the beginning of a downtrend? Grin

Gold doesn't work as a supply demand commodity though. The cost per oz to mine gold is tiny compared to the price of gold, it has a high value because it is a store of value.
I do think that some country will back their currency with gold, then the price will rise massively as they will need to buy more everytime they do QE, until then the powers that be can do what they want to the price of gold.

tokeweed

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Quote from: Wilford01Brennan on April 27, 2015, 08:04:16 AM

So, The gold price fell below $1,200 last week and like other investors, you too are bearish on gold bullion. There are people who have a tendency to be bearish on Investing in Physical Gold and they keep on suggesting that you should too.

I have seen and many of you would also agree with me that investors have done extremely well when they have shown the courage to go against the trend and hold a position when others or a majority is downright negative on the same thing. If you look closely to the situation around, you will realize that gold bullion is offering that same golden opportunity to you.

Watch this video--Lombardi says there is a classic supply/demand squeeze is in the works that could push up gold prices significantly.

https://www.youtube.com/watch?v=ippoROePWoQ

Isn't denial in the beginning of a downtrend? Grin

thejaytiesto

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Gold is still the safe haven.. even if superior methods of storing wealth like BTC are being created, Gold is still psychologically a synonym for wealth, for something very valuable, which translates into the price. This is far from having intrinsic value, which it doesnt.

S4VV4S

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Don't know how much you follow but Mike Maloney had a Lion&Bull "sale" for silver and believe me it was better to buy silver than gold.

Maybe that's what drove the price down?

Wilford01Brennan

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So, The gold price fell below $1,200 last week and like other investors, you too are bearish on gold bullion. There are people who have a tendency to be bearish on Investing in Physical Gold and they keep on suggesting that you should too.

I have seen and many of you would also agree with me that investors have done extremely well when they have shown the courage to go against the trend and hold a position when others or a majority is downright negative on the same thing. If you look closely to the situation around, you will realize that gold bullion is offering that same golden opportunity to you.

Watch this video--Lombardi says there is a classic supply/demand squeeze is in the works that could push up gold prices significantly.

https://www.youtube.com/watch?v=ippoROePWoQ

Topic: Gold Price: They can take it down more, but can't hold it there for long. (Read 942 times)