My economy Predicrions are true!! Gold is trash - page 2.

Ozero

full member

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Quote from: FanatMonet on February 29, 2020, 10:22:11 PM

I’m ready to accept any amount of this garbage from you, I’m completely ready to cover the cost of transporting it to me. Then it turns out that you can call anything whatever rubbish, real estate, stocks, cryptocurrencies, absolutely everything that could decline.

Very smart message. I was just looking through the posts in this thread, intending to write similar in content. Whoever considers gold to be garbage, dispose of it by handing it over to those who do not consider it like that.
Some fluctuations in gold prices occur periodically, but it was, is and will be an almost eternal value. Of course, in the future it will be possible to "catch" in space a gold asteroid of several tens of millions of tons and this will collapse the gold rate, but this may not be soon.

Oceat

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Activity: 2506

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Just because it dropped it doesn't mean it will not gonna rise again. Most of the market is just like that rising and falling and I'm sure there is some reason why it suddenly dropped like that. Bitcoin did dropped like that before but look at it now where it is heading, although the difference is very high but it still standing just because there are people who supported it.

tbterryboy

sr. member

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If you think gold is trash you should stop investing in it and focus on what you like. It’s not a must that you will invest your money in gold, that’s why there are lots of other assets and stocks like silver, Bitcoin, bonds and a lot of them.

Yesterday someone also said that Bitcoin is trash because of the price that kept decreasing recently, and I can tell that most of the markets decreased as at around this time. There is really nothing like a safe haven, there is a time that what you feel is a safe haven can turn out to fall. No asset/stocks goes up forever, there are time that their price can fall and there are also times they can go up.

awik p

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Pepemo.vip

but it seems like there are still many people who believe in gold, which is currently the price of sudar rally and will break resistance. but if it is not able, then I think price correction will occur. or even the bearish trend will continue. it depends on the level of trust of people to invest at a price that is considered profitable

btcltcdigger

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To boldly go where no rabbit has gone before...

Like any commodity, gold is following the global economic trends.
Yes, because of all the BS about COVID-19 it's down, but so is almost everything else.

As soon as the dust settles down, it'll go up above $1300/oz

xSkylarx

hero member

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Simply because that's the characteristic of gold. It falls down yet it rises up again so I don't think it's still right to doubt it as an investment. That's what makes it unique and worth investing and so as Bitcoin. It might drop down due to some economic crisis but it still recovers in time. Gold has been through a lot of tests of time and it will never lose its value anymore.

Sadlife

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Gold fell down must be due to the imminent financial crisis the market is in panic and investor looking for safe havens, if you look at the charts of stocks the S&P and Dow Jones has been in a parabolic bullrun for quite some time now eventually in needs to correct. So there's no suprise here in fact we've been it for quite some time now.

Assface16678

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★Bitvest.io★ Play Plinko or Invest!

Quote from: NavI_027 on March 05, 2020, 04:55:23 AM

Quote from: Polo7 on February 29, 2020, 06:43:29 AM

As I predicted 2019 that Gold will fall down Yes! ;

Just to make clear, your prediction is for year 2019? Hello it's 2020 now Roll Eyes

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Quote from: Polo7 on February 29, 2020, 06:43:29 AM

According to my economy analyze Gold is trash!!
Gold will fall like heavy rock!!

Gold is trash!! Rubbish!!

Take it easy dude, what Godl did to you to hate it so much Grin

? Honestly, I feel sad a little bit that the price of gold declined recently. I mean, I'm a pro bitcoin from the very start but it doesn't mean I totally hate gold. Don't over estimate this traditional asset, after all it is one of the most valued metal on our planet plus it has a high demand so I don't believe it won't bounce back Cheesy

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Prediction the market price of the specific coin there are some instance to make it like having some research about the market even it is volatile we need to make sure all of the analysis we gather are authentic and reliable because making a conclusion in a single topic and spreading into the community it may affect the whole news spreading and some people will believe that or against and make their own research and analysis to make sure the information is reliable and legit. Predicting the market price of the gold is having a lot of analysis if you predicted correctly it is good because you can now make a good decision and investment and wait for the market price that will go up and becomes more profitable a lot.

tvplus006

legendary

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To the Moon

Quote from: fiulpro on February 29, 2020, 01:00:16 PM

Even if the price of gold is falling down we can be sure that the surge will be seen soon enough , the people will start buying soon enough and it will cause the price to build up again .

The thing is gold is gonna stay as long as women will keep using jewelry therefore I do think soon enough the situation will be reversed , people can also see this as an opportunity to buy gold .

I don't think it is going to stay that low ...

The gold that is used in the country's gold and foreign exchange reserves has nothing to do with what women wear. Everything is determined by the General state of the world economy. And if we see financial instability in the world , which is now associated with coronavirus, the price of gold will grow, as the demand for it will increase.

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: Polo7 on February 29, 2020, 06:43:29 AM

As I predicted 2019 that Gold will fall down Yes! ;

Just to make clear, your prediction is for year 2019? Hello it's 2020 now Roll Eyes

.

Quote from: Polo7 on February 29, 2020, 06:43:29 AM

According to my economy analyze Gold is trash!!
Gold will fall like heavy rock!!

Gold is trash!! Rubbish!!

Take it easy dude, what Godl did to you to hate it so much Grin

? Honestly, I feel sad a little bit that the price of gold declined recently. I mean, I'm a pro bitcoin from the very start but it doesn't mean I totally hate gold. Don't over estimate this traditional asset, after all it is one of the most valued metal on our planet plus it has a high demand so I don't believe it won't bounce back Cheesy

.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: romeojasmin13 on February 29, 2020, 08:47:28 AM

Gold falls down. Bitcoin did the same during this week. So what is a safe haven in this case?

George Soros says food and water, every year the prices of food and water are higher, and I would say hospital services, including drugs. If you don't know where to invest (except crypto) this 3 would be a great options, there is a never ending demand for food, water and drugs (some people say bullets too).
It's like you are preparing for the end of the world or for a world war (read preppers), in the times of the war you need food, water and bullets, 3 most expensive things on the war market, and in the same time very rare, nobody is willing to sell their stash.

abhiseshakana

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From Zero to 2 times Self-Made Legendary

Quote from: FlightyPouch on February 29, 2020, 05:16:14 PM

Safe haven? So why it is falling now. It is said that a lot of people are looking at gold as a safe haven but there are those professionals that says gold is not reliable and still risky. Well, this may be because of the corona outbreak but still, for me it is not a safe haven. If there is one safe haven asset, I guess a lot of people would just invest there.

What is meant by safe haven is relatively stable, not gold prices that always go up, but what is meant is that the price of gold is relatively stable. Usually, if the economy improves, the stock and currency markets become more excited, this makes investors hunt for superior stocks and currencies that are very interested in the world, namely the USD. This has the effect of weakening the price of gold because many investors sell gold to buy leading stocks and currencies. Many investors also build and realize businesses in the real sector.

The current condition at the beginning of the coronavirus epidemic the price of gold had dropped because many investors diverted their investment to the service sector and the health industry. But along with the coronavirus outbreak with all its uncertainty, the price of gold has increased because investors have avoided the increased risk of spreading the coronavirus outside of China. Global Pandemic Coronavirus makes the market depressed.

Janation

hero member

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Obviously it is not a safe haven, it will not always increase.

Gold may have a lot of investors since it is been so popular to be used in electronics and gadgets but it also decrease since obviously if something has an ability to increase, it also has the ability to decrease. Bitcoin is the same, it fell a lot of time now that people are just used to it.

FanatMonet

hero member

Activity: 742

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I’m ready to accept any amount of this garbage from you, I’m completely ready to cover the cost of transporting it to me. Then it turns out that you can call anything whatever rubbish, real estate, stocks, cryptocurrencies, absolutely everything that could decline.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: Twentyonepaylots on February 29, 2020, 10:58:19 AM

Quote from: FlightyPouch on February 29, 2020, 08:54:40 AM

It fell, so what? That would be the same for other investments. Bitcoin for example did fell this week, stocks fell this month, nothing is stranger with falling prices. Gold for you might be trash but it is used for a lot of things nowadays so it might not fall right now but not for long. Bitcoin fell harder, and still it is normal.

Well unlike bitcoin, gold is tangible and can be hoard for a very long time like what China and Russia are doing to fight America. Gold has been the safe haven from the very beginning but the society is changing and so the utility. Bitcoin on the other hand offers a lot of efficiency in terms of finance and transparency while gold stays a precious fashion statement, status statement and lessening economic class. Bitcoin fell this week but it already built the foundation not beyond $8000.

Safe haven? So why it is falling now. It is said that a lot of people are looking at gold as a safe haven but there are those professionals that says gold is not reliable and still risky. Well, this may be because of the corona outbreak but still, for me it is not a safe haven. If there is one safe haven asset, I guess a lot of people would just invest there.

Polo7

jr. member

Activity: 392

Merit: 7

My next prediction is that this economy will last long until 2025 then the big crash will coming!!

Before that 2022 will be smaller crash!!

If the crash is coming who is the winner?
Dont be fool Please here!!
I Tell you guys the Fiat currency is winner!!
And plz... Dont even try to Say Something like high unflation debt and blah blaa....

If the crash occurs then who ever got most of the Fiat currency is the winner!!

If you have any type of the questuons plz ASK ill Give the proper answrs without b-s or bla blaa!!

Education is the key!!

Polo7

jr. member

Activity: 392

Merit: 7

Quote from: go1lo2va3 on February 29, 2020, 01:05:49 PM

Quote from: Polo7 on February 29, 2020, 06:43:29 AM

As I predicted 2019 that Gold will fall down Yes! ;
And Yes I was right!!
According to my economy analyze Gold is trash!!

The most important part in this - what was your analyze in the first place?
I mean if your analysis was "mhmmm, gold is useless and old, but bitcoin is new like other crypto currencies so gold will fall I think" than this prediction totally doesn't give you any value
Yes you are right. In this particular case you won the lottery, but it doesn't give you the knowledge how to predict next time it falls/grows

Yes it gives!!
Please read my prediction about canada economy too!!
Its all happening now what I said b4!!

Wink

Education is key Wink

go1lo2va3

newbie

Activity: 32

Merit: 0

Quote from: Polo7 on February 29, 2020, 06:43:29 AM

As I predicted 2019 that Gold will fall down Yes! ;
And Yes I was right!!
According to my economy analyze Gold is trash!!

The most important part in this - what was your analyze in the first place?
I mean if your analysis was "mhmmm, gold is useless and old, but bitcoin is new like other crypto currencies so gold will fall I think" than this prediction totally doesn't give you any value
Yes you are right. In this particular case you won the lottery, but it doesn't give you the knowledge how to predict next time it falls/grows

fiulpro

hero member

Activity: 1890

Merit: 831

Even if the price of gold is falling down we can be sure that the surge will be seen soon enough , the people will start buying soon enough and it will cause the price to build up again .

The thing is gold is gonna stay as long as women will keep using jewelry therefore I do think soon enough the situation will be reversed , people can also see this as an opportunity to buy gold .

I don't think it is going to stay that low ...

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

Quote from: FlightyPouch on February 29, 2020, 08:54:40 AM

It fell, so what? That would be the same for other investments. Bitcoin for example did fell this week, stocks fell this month, nothing is stranger with falling prices. Gold for you might be trash but it is used for a lot of things nowadays so it might not fall right now but not for long. Bitcoin fell harder, and still it is normal.

Well unlike bitcoin, gold is tangible and can be hoard for a very long time like what China and Russia are doing to fight America. Gold has been the safe haven from the very beginning but the society is changing and so the utility. Bitcoin on the other hand offers a lot of efficiency in terms of finance and transparency while gold stays a precious fashion statement, status statement and lessening economic class. Bitcoin fell this week but it already built the foundation not beyond $8000.

Topic: My economy Predicrions are true!! Gold is trash - page 2. (Read 422 times)