Fundamentally, Gold has been ever supported by fiat more than ever. Also, there would be no more Gold to be mined by 2050, or it gets much more scarce. Gold is not only used in Jewelry, but is ha also many industrial applications. As a Holder of Value a question comes to mind?
"Is really Gold the sole Holder of Value?" By 1971, when US put it aside Bucks replaced it with no back up in Treasuries of all countries - at least there is not enough Gold to hold Bucks back. Right? It is difficult to be mined, to be transported, to be stored & to be used. But, what exactly can be used instead?!
Technically, beautifully is responding to its' S/R longer term trends & channels - makes bottoms & tops & rises gradually. There is another question:
Technically, how far Gold would be able to pave its' ever rising price in a couple of years coming?
Well! In a "6M" timeframe gold does not sound to stop at all - meaning that if something considerable cannot be replaced with Gold, it will rise & rise for sure. Gold is not meant to be profitable? It is more of a heaven for preserving value in case the situation gets chaotic. Still, I cannot refuse to own some Gold following doing any business or gains. Yes! nobody can ignore it.
Charts are rhyming a harmony of the past. When you are dubious about the future go back & have look at them. You might not get rich by looking at Gold Performance Chart , but for sure you may realize the importance of Preserving Value until there comes another standard.
Not a financial advice. Ideas Worth Spreading (TED).
"Is really Gold the sole Holder of Value?" By 1971, when US put it aside Bucks replaced it with no back up in Treasuries of all countries - at least there is not enough Gold to hold Bucks back. Right? It is difficult to be mined, to be transported, to be stored & to be used. But, what exactly can be used instead?!
Technically, beautifully is responding to its' S/R longer term trends & channels - makes bottoms & tops & rises gradually. There is another question:
Technically, how far Gold would be able to pave its' ever rising price in a couple of years coming?
Well! In a "6M" timeframe gold does not sound to stop at all - meaning that if something considerable cannot be replaced with Gold, it will rise & rise for sure. Gold is not meant to be profitable? It is more of a heaven for preserving value in case the situation gets chaotic. Still, I cannot refuse to own some Gold following doing any business or gains. Yes! nobody can ignore it.
Charts are rhyming a harmony of the past. When you are dubious about the future go back & have look at them. You might not get rich by looking at Gold Performance Chart , but for sure you may realize the importance of Preserving Value until there comes another standard.
Not a financial advice. Ideas Worth Spreading (TED).