I also agree GLD will rise. Normally I try to have about 5% of my investments in options regarding gold. I am now starting to take positions in physical gold and the ETF.
Topic: Gold to the moon - page 5. (Read 6717 times)
It was after the collapse of 2008 that Gold soared. There are rumours that Russia is selling gold to prop up their economy, that wouldn't be good for the price.
If I was in charge, I would buy more gold and back the rouble with gold. They can meet in the middle as the rouble collapses and they buy more gold!
If I was in charge, I would buy more gold and back the rouble with gold. They can meet in the middle as the rouble collapses and they buy more gold!
Gold is seen as safe haven specially being inflation and in chaos of some region. Ppl will rush to buy it. Gold is important resource of the industry, comparing with bitcoin which is just cryptocurrency and existing on Internet. And there is no other utility. The price of bitcoin is possible to drop to zero, but for gold it is impossible!
Soon global stock market which is completely priced out of it's fundamentals with the free loan money printed by central banks, is going to crash and
dumb money running to precious metals
dumb money running to precious metals
Silver and gold are real assets and wealth. Might be in a 1000 year bubble.
Gold like other commodities will continue to drop. I see bitcoin more of a commodity then currency right now myself as very few businesses accept it. Both will continue to drop in the near future I think.
Soon global stock market which is completely priced out of it's fundamentals with the free loan money printed by central banks, is going to crash and
dumb money running to precious metals
dumb money running to precious metals
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