Do you think the price of gold will ever reach down to 1100-1300 USD?

None of which are even remotely comparable to the worlds only super power the USA

 

Log in or Sign up to hide this ad.

That’s what we call a inflationary note, who
new a loaf a bread would cost a hundred
Trillion. i would think for that price I could
get 2
...LOL

 

I am all for being prepared in the event of an emergency..... But come on fellows.... Time to turn off the doom and gloom here.

 

Who knows, the world could in tomorrow
or not you decide...LOL

 

It is exactly this sort of fatalistic talk that keeps the world in such an extreme state of mind. We have survived two world wars, nuclear proliferation and even a worldwide pandemic. If the good Lord sees fit tomorrow to turn the lights off, there’s not anything that any one of us can do to change that.

Look, I did seven years regular Army. Because I excelled in survival training, I received my non-com stripes early. I have the skills to keep my family and myself fed.... But I don’t talk about that around them. I have no desire to instill fear in their lives when they are living in the greatest nation on earth. The fear mongering is doing nobody any good at all.

 

Couldn't agree more. Most of the things people are "preparing" for they would already be dead. The preparation itself is actually a huge argument against PMs. The dollar isnt going to fail in any of our lifetimes, and if Yellowstone blows up or the Sun blows up or asteroids or aliens show up there's nothing we can do about it anyways

 

People tend to let the amygdala dominate rather than using the cerebral. Sometimes I think people just like to live in fear.

 

The bottom line, maybe, maybe not...LOL

 

Without reviewing every post I'm going to say the price of gold could drop but, not likely. However, with the way the US government is printing more paper money the US monetary system is failing. At some point printing money will come and bite people in the ass. If this happens the price of gold will skyrocket. That would mean we will be living like the Germans after WW 1. Unfortunately, the general population is clueless and don't understand basic economics.

 

The main problem with gold is that its tied in with the dollar, that can cause major issues in its value, with more people thinking crypto over gold which means demand
will fall along with the price.

 

It's inbred in our brains.....probably a survival instinct from our cavemen days when we had to rely on instinct and ACT FIRST before THINKING.

Thinking = Death....took too long to escape the sabre-toothed tiger.

 

IF, is a big word, anybody can speculate on the future, but no one has
has a crystal ball to be exact...LOL

 

No, not in the forseeable future at least. The central banks are between a rock and a hard place; if interest rates go up to normal levels to counter inflation (which would be bearish for gold), it would becime far more challenging for the governments to service their debts.

 

But the problem is people are taking there
money out of gold and putting it in to crypto
I just did this as well, and if the trend continues it will bring the price of gold
down.

 

If there is ever a crackdown on digital currencies, billions will flow into gold overnight.

 

Turkey has 16% inflation, and they just banned trading (or rather «flight») into crypto currency.
I’m fine with physical gold.

 

Assumptions can be made all over the place, taking a wait and see approach
thats the best you can do.

 

What you're saying is true, many are getting into crypto, no doubt about it. But gold is up to $1793 today and gold is a lot easier for some stackers to hold without Uncle Sam knowing every move of your personal business. That by itself makes gold solid as a rock to many who hold it so many don't care about crypto. Time will tell!

 

Crypto is not tied to anything, making it very attractive with virtually no limits
BTC has limited coins that are able to be mined many experts are talking 100,000
by the end of the year, that excites me Gold is limited in the fact that it follows
the dollar, as far as flying under the radar Crypto enjoys the same anonymity as
Gold even more so, I have not been asked for my SS# when I invest but just
like Gold I will have to supply the same information.

 

https://www.cnbc.com/2021/01/30/the-indian-government-may-ban-cryptocurrencies-like-bitcoin.html

What do you and the others here think about this ban?

I mean if USA, Canada, Brazil, South Africa, Spain, UK, France, Germany, Russia, United Arab Emirates, Qatar, Bahrain, India, China, Japan and South Korea all decided to ban unregulated cyrptocurrencies like Bitcoins, then.... I dont know what.