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

Gary Gensler of the Biden Administration is supposedly a fan of BitCoin and/or blockchain technology.

However, if what you say were to happen then gold would soar 10% in a few days.

 

Log in or Sign up to hide this ad.

India is having trouble selling their debt. Bond offerings can’t find buyers. Hang onto your hats folks

 

Wait. You have to be clear here.

Is he fan of UNREGULATED cryptocurrencies like Bitcoin, or is he fan of REGULATED cryptocurrencies where the goverment has control of it?

 

IF, way to many of them to decide one way
or another, BTC , is a choice with endless
possibilities, so you have to go with your
gut to see if it works for you.

 

It will eventually be regulated, for nothing
else taxes, but I think regulation is a good
thing as it will better restore the believe
of the current haters out there.

 

GOLD BREAKS 2000 BY JUNE 1, 202?

 

Are we on the upswing again?

 

I presume the current BitCoin status.

We can see what he proposes for the Biden Administration.

 

PM,S up stock market down, I think thats a song..LOL

 

Gold at $1,784 tonight.

 

I know that should be great news as I hold a respectable amount of gold..... But I really wish it would fall back around the $1500.00 range. I won’t buy as high as it is.

 

Many investors consider crytocurrancies to be nothing more than an elaborate Ponzi scheme.
Time will tell.

 

Gold going up is never great news, it almost always means something bad is happening. In this case money came out of the stock market at the prospect of having an almost 50% capital gains tax proposed

 

China has hit the Lewis Point and is now losing 3 million workers a year from their (cheap) labor supply.

Let's see how they do when labor costs are running 15% higher each year going forward.

 

Their costs will probably be going down given the number of concentration camps they are running. The real question is lets see how long these companies that have been going woke will be fine with using materials sourced with literal slave labor

 

Whos to say ist at an elevated level ? PM.S now are just a way to hold wealth
not so much to make any money, silver is a good example can remember in
the not so distant past it was selling for $12 OZ now its sprung to $26 because
of the pandemic you just dont what the true numbers are.

 

Umm....No

 

Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.” Promising unusually high or consistent investment returns is a common red flag for being a Ponzi scheme

 

Yes it is a Ponzi scheme in the long run the gov will use it to control any one at any time. With a stroke of a key they will take your money that they say you owe them. A living hell coming your way.