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Do you think the price of gold will ever reach down to 1100-1300 USD?
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<p>[QUOTE="Vess1, post: 7406327, member: 13650"]It seems people are just looking to invest in everything. People want rapid results and relative instant gratification from investments to make them feel like they did the right thing. Multiple avenues of crypto have now provided that in extreme instances in the past few years and billions of investment is flowing into it. I'm neutral on BTC and the rest and I've never bought any even though I was aware of it back in 2013. No matter what it hit I never believed in it and here it is at 60k now. I'm happy for people but it's uncharted territory. You have people buying these, their associated ETFs, gold, silver, some buying palladium, and still there's somebody left propping the stock markets up to new highs. Its amazing there's this much money available for investment to prop everything up this high at the same time. </p><p><br /></p><p> Would be very interesting to know where gold and silver would be today if crypto hadn't come around. As time goes on and technologies improve, it's hard for me to imagine that bitcoin and the rest will be able to hold a monopoly on this technology as was mentioned in another thread. More private individuals and governments will be looking to get in on the action and I see it getting seriously diluted as time goes on. Just my non-expert guess. </p><p> </p><p> Silver seems the most undervalued to me. I know so much is mined every year but it also gets consumed. There's huge incentive to manipulate the price to keep costs down since it is used in manufacturing. The spot price gives you what you can buy paper contracts for, not physical in my experience. At face value it seems too cheap to me as time goes on here, and gold has become seemingly very comfortable at these levels. </p><p> There's no disputing that the money printers are going at full speed. The national debt increases by trillions every year now. This has not happened in history. This WILL catch up to us at some point. You can't disagree with what someone else said that it's not that the gold is going up in value, it will just take more dollars to get it, from an inflated supply. It probably isn't going back to 1100 at this point for the same reason it's never going back to 300. As an investment you're not winning like the crypto buyers are, you're just treading water above the non-sense.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 7406327, member: 13650"]It seems people are just looking to invest in everything. People want rapid results and relative instant gratification from investments to make them feel like they did the right thing. Multiple avenues of crypto have now provided that in extreme instances in the past few years and billions of investment is flowing into it. I'm neutral on BTC and the rest and I've never bought any even though I was aware of it back in 2013. No matter what it hit I never believed in it and here it is at 60k now. I'm happy for people but it's uncharted territory. You have people buying these, their associated ETFs, gold, silver, some buying palladium, and still there's somebody left propping the stock markets up to new highs. Its amazing there's this much money available for investment to prop everything up this high at the same time. Would be very interesting to know where gold and silver would be today if crypto hadn't come around. As time goes on and technologies improve, it's hard for me to imagine that bitcoin and the rest will be able to hold a monopoly on this technology as was mentioned in another thread. More private individuals and governments will be looking to get in on the action and I see it getting seriously diluted as time goes on. Just my non-expert guess. Silver seems the most undervalued to me. I know so much is mined every year but it also gets consumed. There's huge incentive to manipulate the price to keep costs down since it is used in manufacturing. The spot price gives you what you can buy paper contracts for, not physical in my experience. At face value it seems too cheap to me as time goes on here, and gold has become seemingly very comfortable at these levels. There's no disputing that the money printers are going at full speed. The national debt increases by trillions every year now. This has not happened in history. This WILL catch up to us at some point. You can't disagree with what someone else said that it's not that the gold is going up in value, it will just take more dollars to get it, from an inflated supply. It probably isn't going back to 1100 at this point for the same reason it's never going back to 300. As an investment you're not winning like the crypto buyers are, you're just treading water above the non-sense.[/QUOTE]
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Do you think the price of gold will ever reach down to 1100-1300 USD?
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