Fiat Marked vs Crypto
No doubt that the Fiat marked looks a little un-bright for next many months. We see it at the Stock marked at the moment, no high rises and not even near the unbelievable rises in 2012 and 2013.
Fiat investors will flee in to safe haven the next moths and some of it will end up in crypto world and hopefully it will shine on LTCD as well
In Europe things dosent look as bright as 2013, Italy is close to beat Spain in unemployment and hit 36% unemployed people below 35 years of age.
Italy is rising taxes to be able to get in line with EU demands on max dept of 2% and because of this 2-3 Company owners commit suicide a day !!!. Greece is a story for it self and is very slowly climbing up again, but if a second crises is going to hit now, then it will drag Greece down and perhaps to a level where the world bank has to step in.
Germany can not keep the speed up and has adjusted its total growth of 2014 from 4% down to 2½%.
Angela Merkel has asked US Government to pay back the 2000 Metric tons gold they "should" have kept in safety, but problem is that the States has used it all and cant pay back Germany. US government says that Germany can get the volume back at earliest 2020 !
Thats the reason why we see gold prices is kept down by speculation by a big american bank to help the US government to buy back the gold for Germany.
It now shows as well that a lot of gold bonds has been sold without any real gold behind it, so the gold bonds now exceeds the volume of real gold.
UK used up their gold reserves last month and is struggling to buy back in a marked with very little real gold.
China has released state controlled gold bars, with Tungsten inside the bars (tungsten has almost same density as gold), a huge scandal is under its way...
This is just what i can read in the latest newspapers and news sites and if we just went 4-5 month back it was all glory and good predictions.
The Only shining star right as this moment is the rising price of the US dollar and the increase in personal spending's in US, besides that, it looks not so bright...
So were would you put your money besides gold at the moment......Crypto is not a bad guess and perhaps even LTCD
Im pleased to be a part of a growing Crypto marked with a bright future ahead and that im able to visit this LTCD forum every day and get my vitamin shoots