$48.8k now and building towards first target of $56k and eventually 100k and 300k...
Printable View
Who knows where it going but I believe it should be worthless.
The central banks are still printing money hand over fist, they aren't selling their gold. Will rising interest rates mean gold without a yield is less attractive? My portfolio is looking a lot sadder these days and today might see it drop even worse. Is gold's role as a store of value over? Are the digital currencies coming out of the ether in unlimited quantities really a replacement?
I am worried that gold's day might be done. I guess I should press on with a house purchase and cash in my gold miners.
Aaron...
Wow buddy...
You are so so wrong man...
There is an unlimited amount of fiat currency chasing a limited amount of cryptocurrency ..
Step back and think about it...
Please !!!!!
IMHO
Yes CB will continue to print ... and rates may be force higher but hardly enough to stress about ... there is just far to much debt to increase more than token amounts
Golds demise has been pumped before every great run higher ..
Crypto’s aren’t a replacement but if you believe and trust the MSM then they are ...
As for resident property personnel if I could get my wife on board I would sell our home and use the funds to purchase another commercial property
At present value I could get around 100k Pa in extra income... and rent ...
As too your S/H In The PM sector .. you still holding CWX it did double recently..,OBM pushed down id the back of AUD gold losing $500oz ... but they will still be making a profit when Gold resumes Bull trend they will be prime.. CNB strong buy not only on their great Gold projects but very High grade Cu prospects.. I actually sold my RXL position for a profit to buy more CNB