Why gold price going down? - page 8.

MatTheCat

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Quote from: bryant.coleman on November 08, 2015, 01:08:27 PM

Quote from: ANdr0id on November 08, 2015, 10:28:46 AM

There is no correlation between the two that's why when one goes down it doesn't effect the other.

Right now there is no correlation between the two, but it can change in the future if Bitcoin attracts the institutional investors and the HNWIs. Take the case of gold. Gold prices go up, when that of the equities go down. That is because gold is being viewed as a safe asset with low volatility (at least when compared to the equities).

Yet gold practically in tandem with equities, up until 2010/11 and QE to infinity, from which point the equities have since soared, and gold has crashed to miserable depths.

Financial establishment policy for the time being, is keep equities high, gold and other commodities low and I wouldn't like to take a bet against them. Betting against them is betting that they fuck up, which I suppose could happen. Gold and commodites either go up when financial establishment change their policy, or when/if they lose control.

bryant.coleman

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Quote from: ANdr0id on November 08, 2015, 10:28:46 AM

There is no correlation between the two that's why when one goes down it doesn't effect the other.

Right now there is no correlation between the two, but it can change in the future if Bitcoin attracts the institutional investors and the HNWIs. Take the case of gold. Gold prices go up, when that of the equities go down. That is because gold is being viewed as a safe asset with low volatility (at least when compared to the equities).

BitCentral

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Quote from: HeroCat on November 08, 2015, 08:23:08 AM

Gold price is going down, when there are not so many gold buyers in a world market Grin

Maybe gold price keep down for now, but in the long term, gold is quite good for investment. At least gold will surpass the fluctuation money on my country.

ANdr0id

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There is no correlation between the two that's why when one goes down it doesn't effect the other.
But in this case gold keeps going down significantly and bitcoin is holding steady for the moment.
Wait until tomorrow to see what bitcoin price does.

HeroCat

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Gold price is going down, when there are not so many gold buyers in a world market Grin

moneyflow

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Quote from: stingers on November 07, 2015, 02:03:04 AM

Quote from: shamati on November 07, 2015, 01:50:46 AM

Why is gold price falling now, even when bitcoin price going up?

I want to know that.

I guess most of it depends on the demand and supply of things. Gold and bitcoin are completely two different things, and gold going down has a very little or nothing to do with bitcoin going up. You might consider reading this for some more info on gold prices : http://www.economist.com/blogs/economist-explains/2015/07/economist-explains-17 .
Though the trend for btc going up is because of other reasons, that include high demand due to FBI auction(people might expect btc to crash afterwards and so they are buying right now) and halvening that will create a low volume of bitcoin in the market.

Gold is just one of the many factors of the Bitcoin market. The fluctuation in gold price does not alone affect the value of your Bitcoin. The main factor is probably the buying and selling factors that affect the market value. Don't need to worry about the price of gold. Just hold tight till the halving comes as the value of your Bitcoin will be driven up.

stingers

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Quote from: Amph on November 07, 2015, 03:15:35 AM

there is the possibility of many gold holders, to dump their stash and go with bitcoin, when the price increase, it's always like that everyone want to ride the current wave

it work the same evne between altcoin

There may be some of them but not many. There are probably 100x more gold investors than those who invest in Bitcoin. So, yes, some may shift but most will stick where they were(Eg. Indians).

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: Amph on November 07, 2015, 05:58:14 AM

gold is only much less risky, not actually safe, no investments is safe, i'm only lookign at the best risk:reward ratio, and right now bitcoin is holding the throne in this

Currently, Bitcoin is also not leading it, as it also ain't anymore in rewarding state...
And when it comes to Gold, it is becoming least of an attraction relative to income-generating assets...

Amph

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Quote from: markj113 on November 07, 2015, 05:00:01 AM

Quote from: Amph on November 07, 2015, 03:15:35 AM

there is the possibility of many gold holders, to dump their stash and go with bitcoin, when the price increase, it's always like that everyone want to ride the current wave

it work the same evne between altcoin

I would disagree, people buy gold for safety and I wouldnt class bitcoin as a safe, stable investment.

Its more like a penny stock, high volatility with the potential to make or loose a lot.

gold is only much less risky, not actually safe, no investments is safe, i'm only looking at the best risk:reward ratio, and right now bitcoin is holding the throne in this

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i would say after this falling price of gold, the price will be normally and going up again , gold is the most trusted and safest way to save money
people around the world finding for gold , but not for bitcoin (wait untill bitcoin goin popular ), and for now i'll definitely say that bitcoin is still safe for investing after this falling price

markj113

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Quote from: Amph on November 07, 2015, 03:15:35 AM

there is the possibility of many gold holders, to dump their stash and go with bitcoin, when the price increase, it's always like that everyone want to ride the current wave

it work the same evne between altcoin

I would disagree, people buy gold for safety and I wouldnt class bitcoin as a safe, stable investment.

Its more like a penny stock, high volatility with the potential to make or loose a lot.

souspeed

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Its a normal reaction to a short initial exponential increase; there are some profit takers, followed by weak hands after a sharp rise.
However; this will just be a temporary hick-up. The increased media attention because of the sharp rise will draw in new users, and it takes a while before this new money reaches the exchanges.

Mickeyb

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Move On !!!!!!

Gold is always having periods of long and steady growth followed by the periods of steady falling. Take a look at some bigger chart and you will see a pattern. These cycles are about 2-3 years long.

Nothing to be worried about here. Gold is still an option number one for people to store their wealth. It has survived 5,000 years and it will probably survive another 5,000.

Investment wise and ROI wise, Bitcoin is a better investment at the moment in my opinion but also much riskier.

Amph

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there is the possibility of many gold holders, to dump their stash and go with bitcoin, when the price increase, it's always like that everyone want to ride the current wave

it work the same evne between altcoin

Possum577

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Loose lips sink sigs!

Quote from: Harry Hood on November 07, 2015, 02:23:40 AM

Gold is the investment of last resorts. When the stock market and other markets (like Bitcoin) are doing better people are motivated to get on board, trying to ride and capitalize off the wave of appreciation.

I wouldn't dabble in gold to much. There's significantly less appreciation potential in gold than there is in other assets.

This. Supply and demand AND gold doesn't have any intellectual capital or revenue capability to support price appreciation. Investors are completely at the whim of the supply and demand equation. Gold is best when the sky is falling, the economy is disappearing, and we need to resort back to commodities for payment.

ajun96

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Decrease This is in line with the declining prices of some commodities world, so that inflation expectations are reduced market Gradually Also
so the market fears diminished and gave a negative stimulus to the gold price.

so the market fears diminished, and gave a negative stimulus to the gold price.

Harry Hood

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Gold is the investment of last resorts. When the stock market and other markets (like Bitcoin) are doing better people are motivated to get on board, trying to ride and capitalize off the wave of appreciation.

I wouldn't dabble in gold to much. There's significantly less appreciation potential in gold than there is in other assets.

stingers

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Quote from: shamati on November 07, 2015, 01:50:46 AM

Why is gold price falling now, even when bitcoin price going up?

I want to know that.

I guess most of it depends on the demand and supply of things. Gold and bitcoin are completely two different things, and gold going down has a very little or nothing to do with bitcoin going up. You might consider reading this for some more info on gold prices : http://www.economist.com/blogs/economist-explains/2015/07/economist-explains-17 .
Though the trend for btc going up is because of other reasons, that include high demand due to FBI auction(people might expect btc to crash afterwards and so they are buying right now) and halvening that will create a low volume of bitcoin in the market.

shamati

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Why is gold price falling now, even when bitcoin price going up?

I want to know that.

Topic: Why gold price going down? - page 8. (Read 9762 times)