fuuu..are we approaching the point of "this money's only good for wiping your ass with?"
Mmm, that's not fiat currency, but a promissory note, yes?
Who else is losing all faith in GOLD as a safe haven
- Thread starter NewTraderAdventure
- Start date
Mmm, that's not fiat currency, but a promissory note, yes?
Utes, Munis and bonds sold off along with gold. Nothing safe when flight to cash. Only safe play is cash and/or hedge.
fuuu..are we approaching the point of "this money's only good for wiping your ass with?"
idiot
fuuu..are we approaching the point of "this money's only good for wiping your ass with?"
The US dollar is only one ply. Americans won't settle for less than two. We truly are in dire straits.
L
lovethetrade
Gold was near its all-time high—investor portfolios already have a significant allocation of gold. I don't think there's one single reason why investors buy gold; they weigh up a range of factors to determine its appeal, in consideration of the appeal of other asset classes.
Low future inflation expectations and gold's high price means investors saw a need to rebalance their portfolios back to more liquid assets such as the USD and cautiously back into equities.
If the pandemic gets a lot worse than expected, it's possible investors will continue shifting away from equities and back into gold, testing its all-time high.
Nothing is set in stone; investors just try to balance their portfolios based on future expectations even though sometimes one could be forgiven for interpreting their behavior as opportunistic, overconfident and arrogant when it's contrary to the facts.
Low future inflation expectations and gold's high price means investors saw a need to rebalance their portfolios back to more liquid assets such as the USD and cautiously back into equities.
If the pandemic gets a lot worse than expected, it's possible investors will continue shifting away from equities and back into gold, testing its all-time high.
Nothing is set in stone; investors just try to balance their portfolios based on future expectations even though sometimes one could be forgiven for interpreting their behavior as opportunistic, overconfident and arrogant when it's contrary to the facts.
My question to the traders expecting gold to be a safe haven...why did you wait to buy gold at such a high price? Did you think gold was going to just wait until things got messy and allow you to get in so nice and comfy and then explode or never go down just for you? Traders should of purchased gold as a safe haven when it was lower. That way you could be ready for that "crises", but with a margin of safety. I bought at much lower prices so I'm not emotional about gold going down like some of you...and I still feel like I have a safe haven in my gold positions. I guess the difference between people who are unhappy in gold right now and those who are satisfied with gold could also be the difference between short term trader vs. positional/investor?
The idea in itself, that gold ever will come back into game, is, ... Just think about it for a second. Gold, back, as the Real Money.
People using gold coins again. Lol. ,, Hail Caesar !''
What would have to happen, for that to come into reality. People haven't seen Walking Dead or something ?
There's :
Western Nations,where people don't disappear, because they bought iPhone.
&
and basically the rest of the world (with exceptions like Singapore, Australia etc.), wheres journalists gets beheaded in embassies, having two kids is not allowed and tyrants rule as emperors for decades.
Choice to be made either -
two imperfect ways of living (and their currencies) , Capitalism and Socialism,
or
tyranny, unregulated human rights and sometimes even chaos.
Dollar and Euro, - new gold.
Yuan - well, when CCP expands enough(their invisible empire,starting with Ocean of India region), and some countries will start to experience their versions of sanctions, there will be a very very clear choice to be made, either you choose west, and their possible sanctions in case you decide to come up with crazy ideas, like building few nuclear heads or go to the east and become a vassal colony for their growing empire, that couldn't care less about individual rights.
And of course that will change in time, no regime rules for-ever.
p.s
Gold went out of the game, kinda at the same time when computers/digital game showed up, that tells something.
,, .. Computerization of the order flow in financial markets began in the early 1970s ... ''https://en.wikipedia.org/wiki/Algorithmic_trading
People using gold coins again. Lol. ,, Hail Caesar !''
What would have to happen, for that to come into reality. People haven't seen Walking Dead or something ?
There's :
Western Nations,where people don't disappear, because they bought iPhone.
&
and basically the rest of the world (with exceptions like Singapore, Australia etc.), wheres journalists gets beheaded in embassies, having two kids is not allowed and tyrants rule as emperors for decades.
Choice to be made either -
two imperfect ways of living (and their currencies) , Capitalism and Socialism,
or
tyranny, unregulated human rights and sometimes even chaos.
Dollar and Euro, - new gold.
Yuan - well, when CCP expands enough(their invisible empire,starting with Ocean of India region), and some countries will start to experience their versions of sanctions, there will be a very very clear choice to be made, either you choose west, and their possible sanctions in case you decide to come up with crazy ideas, like building few nuclear heads or go to the east and become a vassal colony for their growing empire, that couldn't care less about individual rights.
And of course that will change in time, no regime rules for-ever.
p.s
Gold went out of the game, kinda at the same time when computers/digital game showed up, that tells something.
,, .. Computerization of the order flow in financial markets began in the early 1970s ... ''https://en.wikipedia.org/wiki/Algorithmic_trading
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MattZ
Sponsor
Simple correlations such as "MKT down, Gold Up" may not be very useful to traders and investors.
Trade price, not ideas.
Forget the last 20 years that Gold gave zero relief as safe haven when the market meltdown occurred, let's go back to the times that had no sophistcuted derivatives, and supposedly gold should have been safe haven.
The Tulip Bulb Panic from 1633 to 1637 had no effect on the price of gold. Gold prices were steady at £3.73 in London throughout this period.
During the years previous to and following the South Seas Bubble in 1720 gold prices were steady at £4.25; what had been proclaimed the gold standard in 1704 and remained-so essentially unchanged for the next three centuries.
The years preceding and following the Panic of 1792 saw steady gold prices at £4.25-standard levels.
The 1800s saw no less than a dozen named panics: gold in the United States rose briefly in 1865 preceding the Panic of 1866, but otherwise remained locked in a range between $19 and $23 for 130 years.
Trade price, not ideas.
Forget the last 20 years that Gold gave zero relief as safe haven when the market meltdown occurred, let's go back to the times that had no sophistcuted derivatives, and supposedly gold should have been safe haven.
The Tulip Bulb Panic from 1633 to 1637 had no effect on the price of gold. Gold prices were steady at £3.73 in London throughout this period.
During the years previous to and following the South Seas Bubble in 1720 gold prices were steady at £4.25; what had been proclaimed the gold standard in 1704 and remained-so essentially unchanged for the next three centuries.
The years preceding and following the Panic of 1792 saw steady gold prices at £4.25-standard levels.
The 1800s saw no less than a dozen named panics: gold in the United States rose briefly in 1865 preceding the Panic of 1866, but otherwise remained locked in a range between $19 and $23 for 130 years.