It seems like gold is heading towards 1245$ im personally very very bullish on gold i also think a global financial crisis is just around the corner and not that far away so people would hedge into Gold & Silver
Everyone knows the price of gold is not the price of gold it's the most manipulated asset in the world i also want you to know that they could do the same thing to gold & silver like in 2008 to shake people out of the market germany as example has 8.000 ton private gold , India has 30.000 ton private gold people like Warren buffet can't wait to get their hands on.
The odds imo. are very very low that we will repeat 2008 people would demand physical delivery and their ponzi would go to the public so its possible that the coming dump may be the last dump for ever in Gold before we really see it taking off. We still should be prepared for both cases.
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All we need to do rightnow is to breach 1380-1400 for the next bullrun to start
there sud be a relief rally before we are going really down..... the question is, whether it will start from here at 1240 or 1226$...
cycler
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gold is suppressed to 66% under its value, and usd is inflated to 300% of its value, so gold will increase in value 300% vs usd when their dollar attains its true value, and the value of many currencies will delfate along with it. so gold isn't going to increase in value, currency will decrease in value. it has been a problem since 1978, they make too much money and suppress gold price and no one notices.
cycler
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@cycler, they need to create a deflationary currency of some kind to combat against this problem in the future. or go back to the gold standard.
UnknownUnicorn942585
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@cycler, No one knows the true value of gold gold in my opinion has no price its a currency and no one knows the exact supply i think its somewhere between 250.000 ton - 300.000 ton instead of the 170.000 ton that they are advertising since decades.
If the Stock/Bondmarket meltdown its highlikely people will look to hedge somewhere money always look for a place to go in my opinion its gold & Silver
cycler
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@RAKIM, at the Olympic dam in Australia, they have to mine ore at a capped rate so that they don't glut the market, becausue they can't afford to devalue gold any more than $1250. I just think the US dollar is super inflated.
cycler
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@cycler, it will be the same for bitcoin, I think its the same kind of situation.
UnknownUnicorn942585
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@cycler, Btc probably will go 0 or lets say near 0 Its just a test from the Elite. Satoshi Nakamoto is the NSA no doubt about it their wet dream is to implement everyone a RFID Chip they will not succed doing that and they know that probably aswell
The Paper Market is fake they only flood the market with worthless paper gold the bullion banks are running a fractional reserve