Gold is still in Bull, till 2020. A new high can be expected within 4 years, possible high is 1952. Then, will be in bearish market for 10years, till 2030.
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There's no doubt that Gold price is on an uptrend in this 4-5 years, due to the world's economic regress. paper money will become toilet paper in some country. However,can human back to gold standard system? If not, virtual money will go popular in later 4-5 years. At the time gold currency function will losing i believe that's the trend of currency in future.
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I'm concerning about an innovation on paper currency in 4-5years, as i've mentioned before, which supported my long term view on Gold.
I'm focusing on the news about the changes, and will record in this chart for following up.
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News1: Asahi news, Jun 10 Bank of tokyo-mitsubishi UFJ will issue digital currency in next autumn. There's more than 600 kinds of digital currency, like Bit coin. However, due to legal tender, such as the yen exchange rate will change, it's easy to become the object of speculation. That is a barrier to prevent digital currency popularization. If "MUFG Coin" is issued by the big Banks and fixed with the yen's exchange rate, it may rapidly promote to use digital currency in our daily life.
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News 2: Financial Times, Aug 24 The world's 4 biggest Banks,UBS etc., have joined cooperative r&d started a new form of digital currency. They believe that this digital currency will become the standard of using block links for financial clearing and settlement transactions, block link is the supporting technology of the Bit coin. This is the first cooperation between big Banks on block link technology.