Topic: Gold to the moon - page 2. (Read 6744 times)

EUR is tanking hard, look at the gold value in EUR.

The value increase in the last days is one of the biggest in the last 20 years (look on chart).

The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.

The Dollar will likely tank when the FED will need to create a lot more Dollars to sustain assets prices and a US economy based on unhealthy imbalances.

It's seems the gold will not go to moon because of the strong dollar.

I have a bit of gold and silver, but not that much.  Yes, I do agree it's great for a rainy day...but I'm not quite as bullish long term as many others may be.  Might be another few decades before we ever see them hit those record prices again, if ever.

It is always a good idea to have gold on hand. Go to any modern country on  the planet and you can barter with gold. Institutions might not accept gold but individuals will always accept it.

When the FED needs to do QE4 and it's clear they cannot raise rates or unwind their balance sheet without poping bubbles, gold should appreciate in price against the Dollar. It has been used for thousands of years and has excellent properties much needed in a lot of industries.

Unfortunately gold's real world utility has been decreasing in the industrial world, which is where it derrives a great majority of its value.  It's value now really only hingest on jewelry and its 'traditional' use.  India is probably one of its biggest markets.  I don't really foresee any great sustained bullish sentiment for the foreseeable future, unless the feds announce something catastrophic (qe3 did not do much if anything to help the prices).

lol @ "possible" delay in rate rise. It's practically a certainty that rates will not go up.

"GOLD PRICE HITS 3-MTH HIGH ON POSSIBLE DELAY TO US RATE RISE"
http://www.bulliondesk.com/gold-news/correction-bullion-morning-gold-price-hits-3-mth-high-88118/

Gold is clearly technically inferior to bitcoin as a medium of exchange.  Relative price stability means it has arguably not yet been displaced from its historical role as a store of wealth.  But clearly it is not used as a unit of account in any but the most peculiar and  boutique circumstances.  That is because fiat is better at that role.  It will cease to be better when hyperinflation occurs.  The severity of the next hyperinflationary collapse of global reserves will be so intense that the peoples of the Earth will forever abjure fiat systems thereafter.

Until that day, gold is just a commodity, and trades as a commodity, often correlating very strongly with crude oil.  While the commodity complex is collapsing, expect Gold to decline.

One day soon, however, fiat will cease to be viable, and gold will be among the primary resorts in times of chaos and collapse.  The exponential compounding of debt upon rehypothecated debt, the exponential compounding of debt service, and the collapse of the energy supplies required to grow the material economy are bringing the inevitable day of reckoning ever further forward.

The best hope of the economic future is that a change in the means of production, transition to a robotic manufacturing base and a knowledge-based economy, will arrive just as the legacy systems of slavery are collapsing, and a more educated global population will refuse to be cannon-fodder in a war of global depopulation.

...Until the government will confiscate the gold vault's and deposits , ETF's, gold certificates, etc. And probably issue a new law so that every single person on earth has to give in his gold which weights more than 250 grams (except maybe jewelry) to the nearest government controlled vault.

Yep, then the gold might suffer a little bit. And i`m talking about worldwide confiscation, not just your local government.

Who knows, maybe the IMF wants to confiscate it, to use it as a collateral for SDR's.

Gold will always be seen as a safe haven and being something physical, it will always be seen as a better store of value, even if none of the investors will ever touch the gold they invested in. {It's on paper and electronic reports, like shares}

They bargain on the fact that gold will be a scares commodity, but if someone comes up with a cheap way to extract gold from the ocean floor, the price will plummet....

No but it was near it, atleast on EU exchanges

did bitcoin pass gold once?

because gold is real investment

What makes gold really valueable is so much people really love gold.
And also so much people believe that the prices of gold would always rise up so they're would always pump it.

There is no doubt that gold is valuable and that it has a good intrinsic value.

But the gold will only rise in the next crisis, because the world around it will fall, the 1300 or whatever its price is, is just because the other currencies  are crap and get QE-d.

Its way more overvalued than it is by nature, sure it could reach 5000$ or whatever real economists say but then it will soon jumpback to 500-600 as it was before, any appreciation on gold is just a bubble.

As soon as real Austrian Economy will replace the Keynesian hell-hole, then the gold will hit a stable price, and wont really rise any more, but neither fall ,that will be its natural price .

Gold has been holding up over 1250$ for a long time and is up for the year, the cost of mining is going up and the world is in more need of gold everyday so the price is likely to grow

It won't. The price of gold from 2000-2008 went up because inflation was going up. Even though it was "hidden" inflation, it could not hide from gold. That is why the price of gold really didn't change much with the whole "printing of money" party in 2008-2010, that paper money went to fill the hole that the M3 implosion created.

If they had not done TARP and all that crap, we would have had massive deflation, and the price of gold would have dropped to 300 or so an ounce.

It's an interesting thing to reflect on, the fact that the inflation all happened under Bush in 2000-2008, but it was masked by the financial shenanigans. News can lie, but gold can't :-)