This guy says futures are a failure
- Thread starter SoesWasBetter
- Start date
If you looking at a log chart yes. If you are looking at a price chart I would say $15,000 is not most of a $300,000 move.
I trade gold stocks so I'm always interested in the subject. 'Elites controlling price', very plausible and highly probable, I'm actually hoping crypto's will take the pressure off gold, it is under too much scrutiny.
Some people might still claim a move to $300,000 is a moon shot. Not sure what I dodged but that is better than a direct hit I guess.
Thanks for responding. The argument for 'store of value' is one of the most ridiculous I can think of. something that appreciates 300,000-fold in 8 years is anything but a 'store'. It is hyper-speculative. Not even the best survivor from the dotcom era (I believe Amazon) has done 1000-fold from IPO price.
As for the second quote - refuge from the world economies - hmmm, that is quite a prophecy. We will keep an eye for all hiding in this tower of refuge. Good luck to all.
Some people I read are saying exactly that. That gold and silver will begin to seek their true value.
All I am saying that if you look at a 3 year price chart of a stock that has gone from $1.50 to $30.00 the price as it was working itself up to $1.50 looks like the flat lined portion of the chart. You are reading too much into a general statement.