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It’s dead as a store of value.First time ever reading this. Gold will never ever be dead. It's Gold.
It’s dead as a store of value.First time ever reading this. Gold will never ever be dead. It's Gold.
Incorrect......It’s dead as a store of value.
yeah and 100% for gold versus 290% for DJIA since 2010.Incorrect......
Since 2000........
DJIA....... up 259%
Gold.........up 673%
I expect gold to outperform the Dow and housing moving forward. This century will be a century of quality assets that protect against inflation. Gold, Silver and Bitcoin will be towards the top. I expect housing to be the worst performing of the 'traditional' assets people invest in to protect against inflation. Stocks will do ok but I expect gold to outperform most. As you know, I love bitcoin as well.
yeah and 100% for gold versus 290% for DJIA since 2010.
Gold is dying.
It will continue to die.
Naa.Shouldn’t gold get more valuable the deeper into the “computer age” that we go, for its usefulness in electronics? Or does that not correlate to its stock value?
Shouldn’t gold get more valuable the deeper into the “computer age” that we go, for its usefulness in electronics? Or does that not correlate to its stock value?
Inflation will eventually take it's toll and cut into profits. The Dow stocks will underperform moving forward. Gold will do well in these high inflation times. It might not be every year and gold could have 5 or even 10 year quiet times. There are other factors for that which is a longer conversation.yeah and 100% for gold versus 290% for DJIA since 2010.
Gold is dying.
It will continue to die.
Did you delete your post explaining your situation? I was thinking about sharing mine. It's similar to yours. I'm 58, my son graduates from Penn St in 2 months. My daughter starts in 3 years. I'll be ready by then. Gold and silver are used to provide safety. Crypto to grow.I would look to Central Bank buying and inflation rates more than electronics.
Inflation will eventually take it's toll and cut into profits. The Dow stocks will underperform moving forward. Gold will do well in these high inflation times. It might not be every year and gold could have 5 or even 10 year quiet times. There are other factors for that which is a longer conversation.
Yes, I deleted a bit of it. I've owned gold and silver for over 20 years. Silver was 4.50 an ounce when I started buying and gold was between 300-350. The idea that it's dead is one I don't agree with. I think Bitcoin is awesome and grateful to be a part of the crypto world. I'm only involved with Bitcoin thanks to my work in precious metals and books by Mises, Hayek, Hazlitt, Friedman and Rothbard among others.Did you delete your post explaining your situation? I was thinking about sharing mine. It's similar to yours. I'm 58, my son graduates from Penn St in 2 months. My daughter starts in 3 years. I'll be ready by then. Gold and silver are used to provide safety. Crypto to grow.
There is basically no chance that it even hits 3k over the next 5-7 years.@Eric Silva 2.0
When I was in college, I was taught the Milton way.
Over the next two years, I think gold can 2-4X and silver can do a 5-7X. Timing is everything. I'll know by activity in the bond market.
Let's see how it plays out. When we have a bond default, money will flow into commodities. Crypto is already benefiting.There is basically no chance that it even hits 3k over the next 5-7 years.
Definitely is a lull. Totally expected.Net outflows for 5 consecutive days from the ETFs. more specifically, it is GBTC still hemorrhaging coins. They've already lost about 50% of their Coins.
all others, modest inflows.
pre halving correction is expected. Still wondering how the ETFs will change the cycles moving forward.Definitely is a lull. Totally expected.
Well, usually it’s a 30% correction. This one has been closer to 10%.pre halving correction is expected. Still wondering how the ETFs will change the cycles moving forward.
The reason why the Greyscale ETF is selling bitcoin is because people are selling Greyscale due to the higher fees in comparison to the other ETFs.Net outflows for 5 consecutive days from the ETFs. more specifically, it is GBTC still hemorrhaging coins. They've already lost about 50% of their Coins.
all others, modest inflows.
Head of Grayscale basically saying that fees will come down soonThe reason why the Greyscale ETF is selling bitcoin is because people are selling Greyscale due to the higher fees in comparison to the other ETFs.
Greyscale charges a 1.5% fee. The others charge .25%.
Eventually Greyscale will find the balance and the mass selling will be over. Then there will be a supply shock driving the bitcoin price higher.
When will this happen? Could be this week. HUGE!
Greyscale is also working to change their fee structure.
I'm holding my bitcoin and adding to my alts on the dip. Going very well. My alt fund is up, can't wait to see what happens when the sideways yield to the bulls.Head of Grayscale basically saying that fees will come down soon
Either way though, the gbtc bleeding will stop either because of considerably lower rates or because gbtc will be completely drained of their coins. Took them like 2 months to get drained of half their stack? What another few months of sideways trading? More time to stack as cheap as possible.