Where are the GOLD BUGS?
- Thread starter MARKETWAVES
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wrong , but for how long ??
minutes , hours , maybe days
isn't there an Asian holiday due soon ( meaning those Westerners will have less competition )
cheers
minutes , hours , maybe days
isn't there an Asian holiday due soon ( meaning those Westerners will have less competition )
cheers
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Gold up 2% in overnight trade. Should be a good day for goldies today
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It has taken 18 months for global markets to work out that when most Central Banks concurrently prop up their economies then "bubbles" occur, and that these will ultimately burst.
We are entering a phase where inflation is likely to be accompanied by industrial stagnation and reduced purchasing power - stagflation.
For the time being employment numbers seem to be staving off the inevitable.
But in the USA there is pressure on Congress to keep raising the debt ceiling, while Biden is struggling to get his 3 trillion stimulus package through.
These uncertainties see gold - which remains unchanged as gold no matter where you are - as a vehicle that can ride through the turmoil. The big question is whether cryptocurrencies can be seen by investors in the same light.
We gold bulls are always hopeful, but it's based on why gold has performed well in the past.
Those lessons should begin to play out again.
If they don't, then the paradigm is broken.
We are entering a phase where inflation is likely to be accompanied by industrial stagnation and reduced purchasing power - stagflation.
For the time being employment numbers seem to be staving off the inevitable.
But in the USA there is pressure on Congress to keep raising the debt ceiling, while Biden is struggling to get his 3 trillion stimulus package through.
These uncertainties see gold - which remains unchanged as gold no matter where you are - as a vehicle that can ride through the turmoil. The big question is whether cryptocurrencies can be seen by investors in the same light.
We gold bulls are always hopeful, but it's based on why gold has performed well in the past.
Those lessons should begin to play out again.
If they don't, then the paradigm is broken.
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Totally agree rederob.
And the cryptos no doubt have stolen the investor dollars that would have already flowed to gold.
At some point, the inflation gauge may get totally out of control.
And the cryptos no doubt have stolen the investor dollars that would have already flowed to gold.
At some point, the inflation gauge may get totally out of control.
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As far as the Cryptos go…
www.smh.com.au
Clock is ticking: the walls are closing in on the $2.8tr crypto market
Around the world regulators and governments are accelerating their efforts to regulate crypto assets and displace them with digital currencies of their own.
