GOLD 0.51% $1,391.7 gold futures

Gold vs. Fiat vs. Crypto, page-22

  1. 599 Posts.
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    You've pretty much nailed it in the simplest way possible.

    There's not much point getting into a to and fro regards to short term price predictions, as you can pretty much guarantee you'll be wrong 99% of the time until you're right.

    I find the facts and the for and against arguments interesting. Good thing about gold and fiat is there's plenty of history to draw upon. Having a fully integrated global economy makes it far more complicated than simply reviewing history. There's plenty of signs the global economy is starting to fracture and the philosophy of steady inflation year on year just doesn't seem achievable or practical. There's too many economic variables, corruption, psychology and power struggles for this to be sustainable. Although these are the exact same reasons we end up back here for a monetary system.

    What's the answer? I don't know, but it sure ain't this.

    What will gold price be next week or in 10 years? Absolutely no idea. But I'm willing to stake a claim and say higher taking everything into consideration. Some have tried predicting with theories based on history and math but there are far too many variables to consider. With seriously low GP there's risk of it falling into the 'wrong' hands and there being a huge transfer of wealth. The substantial downside risk is there but I believe to be minimal. The upside potential is much higher trying to consider everything.

    Market manipulation is real and if those who are anti-gold keep trying to discredit others who bring it up, then I think you are the ones losing credit. I do agree some gold bugs go on a bit about manipulation and use it as an excuse too often, but at the end of the day manipulation exists and is a contributor to up and down swings in pretty much any paper market.

    Crypto, well I don't believe it has legs from an investment perspective. Technology is certainly revolutionary but I can't see it being standalone currency, although could be wrong.




 
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