The era of cheap gold ends From 1919 to 2015, the price of gold due to Gold Fixing. The price was set by London Gold Market Fixing Limited. On March 20, 2015 fixing ceased to be installed according to the old methodology and was replaced by electronic auctions LBMA Gold Price. Initially, the "golden five" consisted of the following companies 1.N M Rothschild & Sons 2.Mocatta & Goldsmid 3.Pixley & Abell 4.Samuel Montagu & Co 5.Sharps Wilkins What now? Thirteen market participants are accredited to participate in LBMA Gold Price trading: Bank of China Bank of Communications China Construction Bank Goldman Sachs International HSBC Bank USA NA ICBC Standard Bank JPMorgan Chase Morgan Stanley Société Générale Standard Chartered The Bank of Nova Scotia - ScotiaMocatta The Toronto Dominion Bank UBS These banks all belong to the same families. Most of the gold has already been bought and there is no point in keeping it at this level. In a period of instability, investors will seek refuge for their assets. And gold will not be a bad refuge for long term. WE WILL BE GOLD BEFORE THE PORN, WHILE GOLDEN IDEOLOGISTS WILL EXIST . Rothschild's
@jostitrade, In your opinion, what seperates the two?
Jolty
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This is what happens when you mix conspiracy "the world is going to end" theories with TA
WorldEconomics
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@BTC_Lambo, - This is when reality takes over over optimism. One of the biggest signs of this Excavo's reality is that gold has been increasing WITH the stock market. Typically, investors are leaving gold and going into stocks to ride the profits up. First there is increasing geopolitical problems, next we see the dollar index suffering. We see a huge bubble in the bond market ready to pop. We are also seeing more and more countries leaving the dollar with fewer treasury purchases and a moving away from the petrodollar. This is reality, so I'm not sure what is conspiracy. In the end, there were naive people in every bubble. From the Dotcom Bubble of 2000, to the Housing Bubble of 2008 and clearly, there are naive people today.
GoldenRatioTA
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Brilliant chart. Any predictions for silver? Many thanks!
Muncher
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Haha what are you on about, but i agree. Sound like a conspiracy theorist.
10 000 $ gold/oz with the next crash