Gold to reach new all time high of $2400/ounce

Kertmu

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

All prices are in dollars, and in the meantime, the forecast of strategists Morgan Stanley: to sell the dollar.
Factors:

comments by US President Donald Trump on the overvaluation of the dollar and undervalued exchange rates of US trading partners,weaker indicators of economic activity in the US,
weaker indicators of economic activity in the US,
China's economic measures
possible changes in the monetary policy of the Bank of Japan.

Crude oil will not be more than $ 80, it is still unprofitable, the supply will increase.

ajqjjj

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Quote from: Ranly123 on July 27, 2018, 07:18:52 AM

Quote from: First77 on July 18, 2018, 09:38:00 AM

Gold is the safest investment because Central banks/governments buy Gold. Gold has seen world war 2, many wars, economic booms and crashes, technology revolution and crashes, 9/11 terrorist attacks and much more over the past 100 years.

Yes gold is the safest investment when we are talking to those people with wealth. Gold deposits in a country is the basis on how rich they are, so in other words people who cannot invest in it will never be rich. In fact some countries are hoarding gold just not to let their county suffer from inflation. Likewise, poor people tend to invest in cryptocurrency because in this trend wealth is not that applicable as long as we know when to buy and when to sell.

Gold is just a ornament so this value is long term investment. Many peoples are buying gold because it is one of the safest asset but Crypto currency is totally different so peoples are predict the future possibilities of Crypto then invest in this platform. Bitcoin is a silver but future this will move to diamond so all are buy and hold the Bitcoin.

1Referee

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Quote from: Popov_popov on July 27, 2018, 05:49:42 AM

I am saving money to invest in gold too. This is the only currency that will always be needed.

Needed for what? You can't do anything with Gold as average joe. It just sits somewhere in your drawyer, or a safe deposit box, and then what?

Try spend your Gold to buy stuff, it won't work because stores don't accept Gold and you can't flake off some Gold to buy a loaf of bread.

Try to sell it, everyone will offer you below spot value.

If you can't spend it effortlessly, and no one is willing to pay market value because otherwise they can't sell it themselves later on without losing, why should you invest in Gold?

Also, Gold has been a bad performer in the last years. Waste of time. Waste of capital. Waste of everything. It's nothing more than worst case scenario money.

Ranly123

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Quote from: First77 on July 18, 2018, 09:38:00 AM

Gold is the safest investment because Central banks/governments buy Gold. Gold has seen world war 2, many wars, economic booms and crashes, technology revolution and crashes, 9/11 terrorist attacks and much more over the past 100 years.

Yes gold is the safest investment when we are talking to those people with wealth. Gold deposits in a country is the basis on how rich they are, so in other words people who cannot invest in it will never be rich. In fact some countries are hoarding gold just not to let their county suffer from inflation. Likewise, poor people tend to invest in cryptocurrency because in this trend wealth is not that applicable as long as we know when to buy and when to sell.

rainezerr401

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

In my own opinion, bitcoins will still be more profitable because you can always trade in the market daily in order to earn more income while gold takes time before growing.

Popov_popov

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I am saving money to invest in gold too. This is the only currency that will always be needed.

strideynet

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I heard about this news and about the sale of oil reserves. I think we will soon have a new turn of events, which may be involved in the cryptocurrency

First77

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Quote from: Slow death on July 20, 2018, 05:37:16 PM

you do not waste time, any opportunity you have will use to destroy bitcoin and then you will be advertising gold, I keep wondering what the hell you keep doing in bitcointalk, why you do not create your forum could call it Goldtalk, I have sure that in your forum at least you will have 5 members so you can not talk alone But the golden fanatics do not see this way

Russia's gold reserves reaches 2000 tonnes

https://www.rt.com/business

First77

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Quote from: bobo012 on July 20, 2018, 04:27:24 AM

Will that ship with tons of gold found near south korea affect the price of gold in the coming years? I have read there is billions worth of gold found

Gold to prove crucial hedge against next financial crisis – analyst

https://www.rt.com/business

developer101dev

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

In my own opinion, it does not matter if gold will have a huge amount because people will still prefer cryptocurrency since it was more profitable than gold.

winterland

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Quote from: algopro on July 18, 2018, 11:07:51 AM

Highly doubt gold will increase by much, it has been replaced in the majority of all industrial applications and the only real use of it is for Jewelry. People used to buy gold as an inflation hedge, but otherwise it is like crypto - it only holds value if people believe in its value.

You do not even understand how gold works, fiat is the one that depends entirely on the faith of the people to get its value, gold derives its value from many different angles, its use as jewelry and as a useful element makes it valuable, but its characteristics made it the best form of money in the entire world before bitcoin was created and its price tends to grow significantly when the economy is not doing that well.

Slow death

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

you do not waste time, any opportunity you have will use to destroy bitcoin and then you will be advertising gold, I keep wondering what the hell you keep doing in bitcointalk, why you do not create your forum could call it Goldtalk, I have sure that in your forum at least you will have 5 members so you can not talk alone

Quote from: nestorjacob on July 20, 2018, 05:04:17 PM

It makes me to think that the digital gold is more expensive and powerful than gold.

But the golden fanatics do not see this way

nestorjacob

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This means that one bitcoin is expensive than the all-time mineral that people cherish so much for ages from our ancestors until date. It makes me to think that the digital gold is more expensive and powerful than gold. This is one of the reasons I think, Digital gold can be moved across borders in just second but the traditional gold cannot move at that top speed so the digital gold is more expensive.

Sanu Simon

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Let it reach a new ath and grow further, I never consider it anymore. Till the starting of the ongoing year my focus was towards gold and made investments as well, but when the price crossed the value of gold my focus turned towards bitcoin and I felt bad of missing those days of investing into gold which could have been done on bitcoin.

rainezerr401

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

The price of gold will not affect bitcoins because people will still prefer cryptocurrency since you can always trade in the market in order to earn profit daily.

kwabeedat

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Quote from: FinalFury on July 18, 2018, 11:13:47 AM

milk at the super market is at an all time high where I lived. I got it on sale yesterday for $6, and just so many examples.

lol...

you're right buddy! Inflation keeps on occurring everyday. As we speak now, something has inflated in price.

Quote from: FinalFury on July 18, 2018, 11:13:47 AM

So a million dollars cannot get you the same as it did 15 years. ago.

Yeah I also believe so. The price can not stay as it is forever. The fluctuations always come and they go high. That's one more reason we should get motivated that crypto shall surge once again.

stompix

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Quote from: davis196 on July 19, 2018, 12:49:36 AM

Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

Your thread contains mostly rumors and predictions.Crude oil won`t reach $150/barrel soon.

The thread is made by the biggest gold lover on this forum. Grin

If oil goes back to 150$ per barrel and stays there nobody is going to care about gold as we're all going to get ****.

But that is not going to happen, there is so much shale oil that can be mined at those prices, many will switch from oil to whatever source of energy they have at their disposal and the demand will go down driving also the price down.

Cars are getting more efficient, public transport also, in my town we have a tram line that travels like a dream, two of the roads to the city center are 50% down in congestion time, and so on.
Oil is not going to get back 150$....unless something totally unexpected happens, like a SAvs Iran war.

1Referee

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Quote from: bobo012 on July 20, 2018, 04:27:24 AM

Will that ship with tons of gold found near south korea affect the price of gold in the coming years?
I have read there is billions worth of gold found

It's said to be worth around $130 billion but that's peanuts in the grand scheme of things. Gold is one of the most liquid assets in the world and for that reason these 'discoveries' won't even dent the price. Bitcoin in that regard has a lot more maturing it needs to go through. If you have $100 million worth of Bitcoin to unload, you can easily tank the price down with 25% and depending on the exchange, even more than that.

EOS for example raised around $4 billion in Ether with their ICO, which is pure madness. They have enough coins to absolutely tank Ether down to the bottom if they want to push it back in the market. This is a proper example of how one event can and probably will significantly affect the price of an illiquid asset.

bobo012

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

Will that ship with tons of gold found near south korea affect the price of gold in the coming years?
I have read there is billions worth of gold found

First77

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Quote from: autotoss on July 19, 2018, 11:11:31 AM

In my country gold was never so expensive and it was never considered as a popular asset of investment source, so I cannot say that I have few grams of it as a saving but it's not that I'm investing in it.

United States of America is the most advanced country in the world and USA has the largest Gold reserves [bars] in the world.

Russia and China are getting into Gold buying in a big way. That says it all.

autotoss

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

In my country gold was never so expensive and it was never considered as a popular asset of investment source, so I cannot say that I have few grams of it as a saving but it's not that I'm investing in it.

Indamuck

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Bitcoin is much safer than storing gold because of encryption, passwords, multiple addresses. Holding gold is much more of a security risk in my mind.

I still think gold is a good investment because of the intrinsic value but I would only keep a small portion of my portfolio in gold.

Hydrogen

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Quote from: First77 on July 18, 2018, 09:38:00 AM

Gold is hedge against inflation and store of value. Gold protects people's wealth during wars, natural disasters/calamities, economic and technology crashes/crisis.

Gold is the safest investment because Central banks/governments buy Gold. Gold has seen world war 2, many wars, economic booms and crashes, technology revolution and crashes, 9/11 terrorist attacks and much more over the past 100 years.

In FOREX there is USD/EURO/GBP/Gold/Silver/CYN so gold and silver are traded against major/top currencies of the world. Economics.

I think the price of gold will increase due to the high demand for it with many central banks seeking to obtain more of it & hoarding the reserves they already have. Most nations overprinting fiat could also contribute to a spike in precious metals.

Gold is @ a disadvantage to crypto currencies which are insulated from fiat hyperinflation and offer other advantages such as point and click shopping and transferral of funds which is much more userfriendly and possibly more secure against theft as well.

Gold also isn't a viable option for those living in "gun free zones". Keeping 20 pounds of gold in your basement and not having some means of defending it against home invasions or robberies--could make bitcoin and crypto the modern day equivalent of what gold used to be. Before there were new innovations which allowed for the inflation protection of gold but also being mated to the convenience and ease of use whch crypto currencies provide.

hugeblack

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Gold is a haven that is gaining value as concerns spread globally. "Its value is opposite with the dollar."
Given the charged atmosphere in the world, I expect demand to rise again but not to record levels such as $ 2,400.
Commercial wars and Iranian oil supplies may reinforce these concerns but do not forget that there is reconciliation with Russia, North Korea, and Syria as it is easy to offset losses.
It is also easy to compensate Iran's oil losses from OPEC.

erundook

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

this is happening because all around the world money lose its weight and value, so we can anticipate all the goods and investing assets to become more expensive with time and eventually the transfer on new world economy system.

First77

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Quote from: davis196 on July 19, 2018, 12:49:36 AM

Your thread contains mostly rumors and predictions.Crude oil won`t reach $150/barrel soon.The trade war,started by Trump with China and the EU is not costing 1 trillion USD.It`s under 500 billion USD and I don`t think that is will influence the gold price that much.Gold price will reach a new ATH only if the federal reserve starts printing trillions of dollars.

you should be reading more at https://www.rt.com

davis196

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

Your thread contains mostly rumors and predictions.Crude oil won`t reach $150/barrel soon.The trade war,started by Trump with China and the EU is not costing 1 trillion USD.It`s under 500 billion USD and I don`t think that is will influence the gold price that much.Gold price will reach a new ATH only if the federal reserve starts printing trillions of dollars.

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Quote from: The Sceptical Chymist on July 18, 2018, 11:15:22 AM

Quote from: First77 on July 18, 2018, 09:38:00 AM

Gold is hedge against inflation

I've read propaganda like this for years now. Gold (and silver) has all these aeronautic and medical uses. Metals have never had a better future. They're set to explode IF ONLY [insert big "ifs" here]. And none of those arguments have pushed gold any higher than it was in 2011, and the market has been dead for metals since then.

If you invested in gold before 2011 and didn't sell, you got screwed. If you bought gold in 2011-2013, you got screwed. There's no dividends, no price growth, and physical gold can't be sold as easily as stocks or crypto. Your gold just sits there, maybe or maybe not hedging against whatever inflation we have.

In the meantime, if you'd bought stocks or bitcoin in 2011, you'd have much more wealth in 2018. I think there's a place for gold in your investment portfolio, but only if you have a lot of money to begin with and only if it's a very small amount. I don't think gold is set to explode again anytime soon.

people who invest in gold like big billionaires and governments don't look for any sort of long or short term profits .it's just a safe sanctuary for their assets . Gold can also be a way to make money if you put in the right time, recently an Egyptian billionaire "Nageb sawerus" invested like half of his wealth in Gold !

timerland

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I do think that gold is most likely undervalued right now.

There has been basically a half a decade gold bear market that has gone on, and i think that the end for this precious metals bear market is going to happen sooner or later. However, I don't really see gold reaching $2400 any time soon.

If you want a decentralized, independent store of value and hedge against inflation, you've already got bitcoin which is much more convenient and promising in my opinion. Gold is still going to be trusted by many due to its history. I don't think that it's really that good of an investment though, and it's probably better described as a safe haven.

jrrsparkles

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Quote from: First77 on July 18, 2018, 09:03:34 AM

Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

It is not a wonder that gold is getting more value in the coming years because it has been in use for many centuries and also considered as most safest form of investment ever.But is there any connection between the price of bitcoin rise and the price of gold rise together?

First77

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Buying quietly, China raises gold reserves to 1,054 tonnes. China has $2 Trillion to $5 Trillion for Gold ??

Shanghai/Beijing: China disclosed on Friday that it had secretly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tonnes and confirming years of speculation it had been buying.

The confirmation of its surreptitious stockpiling is likely to fuel market talk about Beijing’s ability to buy secretly and its ambitions for spending its nearly $2 trillion (around Rs100 trillion) pile of savings. And not just in gold: copper and other metals markets are booming thanks to China’s barely visible hand.

https://www.livemint.com/Money/

The Sceptical Chymist

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Quote from: First77 on July 18, 2018, 09:38:00 AM

Gold is hedge against inflation

I've read propaganda like this for years now. Gold (and silver) has all these aeronautic and medical uses. Metals have never had a better future. They're set to explode IF ONLY [insert big "ifs" here]. And none of those arguments have pushed gold any higher than it was in 2011, and the market has been dead for metals since then.

If you invested in gold before 2011 and didn't sell, you got screwed. If you bought gold in 2011-2013, you got screwed. There's no dividends, no price growth, and physical gold can't be sold as easily as stocks or crypto. Your gold just sits there, maybe or maybe not hedging against whatever inflation we have.

In the meantime, if you'd bought stocks or bitcoin in 2011, you'd have much more wealth in 2018. I think there's a place for gold in your investment portfolio, but only if you have a lot of money to begin with and only if it's a very small amount. I don't think gold is set to explode again anytime soon.

FinalFury

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How much of this is due to inflation. So man all time high everywhere. NBA players making over $30 million a year, milk at the super market is at an all time high where I lived. I got it on sale yesterday for $6, and just so many examples.

So a million dollars cannot get you the same as it did 15 years. ago.

algopro

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Highly doubt gold will increase by much, it has been replaced in the majority of all industrial applications and the only real use of it is for Jewelry. People used to buy gold as an inflation hedge, but otherwise it is like crypto - it only holds value if people believe in its value.

First77

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Gold is hedge against inflation and store of value. Gold protects people's wealth during wars, natural disasters/calamities, economic and technology crashes/crisis.

Gold is the safest investment because Central banks/governments buy Gold. Gold has seen world war 2, many wars, economic booms and crashes, technology revolution and crashes, 9/11 terrorist attacks and much more over the past 100 years.

In FOREX there is USD/EURO/GBP/Gold/Silver/CYN so gold and silver are traded against major/top currencies of the world. Economics.

First77

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Activity: 266

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Bitcoin $7,000. Dow Jones 26,000. That way new all time high price for Gold will be $2400/ounce.

Iran crude oil getting banned worldwide and Iran threatening to block major supply route through Gulf seas. Crude oil going back to $150/barrel.

Some $1 trillion trade/tariffs war started by Donald Trump with many countries.

Topic: Gold to reach new all time high of $2400/ounce (Read 294 times)