K
Spreads outright or ratio adjusted are effected, sometimes greatly, by which particular start point is used.
BTW isn't GLD priced in printed paper currency too? LOL
Just so you know if you want to price in something, it needs to be the divisor. Also you're cherry picking two ponzi schemes that happened to snowball in the last few years, while countless other scams went bust. Gold is well established as a measure of buying power for hundreds of years.Do that but price it in Bitcoin. You won't even need to start way back in 2004. Start it in 2012. Or Ethereum, and start in 2016.
Had I used back adjusted futures contracts, you might have a point. But I used ETFs that are directly investible. This spread isn't affected by the starting point.
Both SPY and GLD are priced in USD! The math here (dividing by a fraction) isn't complicated, I think it's 5th grade or something. SPY/USD divided by GLD/USD makes the /USD cancel out, it's equal to just SPY/GLD.
K
krugman25
You're right, it's much easier to see SPY cratering against BTC this way. Down a casual -99.99%. lol
Your well established buying power has done even worse. It's so bad TV is just saying -100%. lol.
So your spread is somehow different than every other spread huh?
As for pricing of course that is exactly my point. You separated out Bitcoin priced in USD as somehow different than GLD priced in USD.
This is 50 years of SPX/Spot gold ratio SPX/XAUUSD.
Interestingly the bull run which started in 1980 ended exactly in 2000 so lasted 20 years and the reversal lasted 10 years, so half of it.
It looks as if we are in the middle of another 20 year bull market so there is a room to go.
In addition 2,5 ratio seems to be an important level to be tested again soon.
Interestingly the bull run which started in 1980 ended exactly in 2000 so lasted 20 years and the reversal lasted 10 years, so half of it.
It looks as if we are in the middle of another 20 year bull market so there is a room to go.
In addition 2,5 ratio seems to be an important level to be tested again soon.
@longshort what's the intrinsic value of gold?
https://bigthink.com/paul-ratner/a-radical-theory-says-major-crises-remake-america-every-80-years
Thought I would share. We overdue for another correction I hope. When so much money pumping into the economy and one doesn't need to work for it, prices will go up for goods, inflation. When all those who choose not to work run out of unemployment time, jobs will run out and many become homeless cause prices won't come down. Debt keeps running up till people max out and then economies collapse.
I did well selling early last year cause been selling certain new highs past 4 years and always hedged, hedge dividend stock positions. I have learned how to hedge a hedge to underlying so have better opportunity to profit regardless of direction but keeping risk very low which is most important to me at my age.
Most traders don't discuss very long term as most interested in day trading, but I only know of one who did became billionaire in short term but many in long term, think about it.
You all have fun weekend
Thought I would share. We overdue for another correction I hope. When so much money pumping into the economy and one doesn't need to work for it, prices will go up for goods, inflation. When all those who choose not to work run out of unemployment time, jobs will run out and many become homeless cause prices won't come down. Debt keeps running up till people max out and then economies collapse.
I did well selling early last year cause been selling certain new highs past 4 years and always hedged, hedge dividend stock positions. I have learned how to hedge a hedge to underlying so have better opportunity to profit regardless of direction but keeping risk very low which is most important to me at my age.
Most traders don't discuss very long term as most interested in day trading, but I only know of one who did became billionaire in short term but many in long term, think about it.
You all have fun weekend
Steve Bannon? The same guy who's under investigation as the founder of the “We Build the Wall” crowdfunding campaign and possible lying to donors about how their gifts would be used, that Steve Bannon?
