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Gold will go through the roof as soon as trump starts wars all over the world, something the GOP is really good at doing. It's just a matter of time. GLD and GDX for me.
invest in copper then
copper is used in wiring for rebuilding/electronics, bullet shells, etc
Gold will go through the roof as soon as trump starts wars all over the world, something the GOP is really good at doing. It's just a matter of time. GLD and GDX for me.
and the market will crash as soon as Trump is elected, you Trump haters just have to let your hate rule your lives.
and the market will crash as soon as Trump is elected, you Trump haters just have to let your hate rule your lives.
Agree - they said the market was going to crash - and it did in the overnight after Trump was declared the winner. Unfortunately for those predictions - the market has been up ever since.
like i always stress . nothing plays out based on what we all see . the likely outcomes are rare to play out .it is always that which is not even on the radar yet that alters the course of what we think is a given .
every bad downturn comes from the best of markets . it always looks like markets will continue forever upward .
every bull market comes from the depths of stock market hell when things couldn't look any worse
no wars prior had gold react . long treasury bonds soared each time. good old treasury bonds have been the safe haven of choice , not gold .
In times of international instability, I'd be curious to see what happens with crypto-currencies as the technology matures... particularly for those in countries with less economic stability than the US.
Conceptually, it's more portable than gold and easier to acquire. Ideally, it would also have more utility for purchases and other transactions.
Possibly this Bitcoin rise is a way of escaping the US dollar. When the crypto craze settles down the trend to move away from the dollar can move to gold.
i have little faith in digital currency when electromagnetic bombs are flying
One of the benefits of the technology is how widely distributed it can be. There should be servers maintaining copies of the blockchain (ledger) all over the world, including some pretty remote places. Today, bitcoin is the most popular crypto-currency in place, and there are thousands of nodes maintaining its blockchain today. If the technology proliferates and becomes more accepted (and computing power/storage improves and becomes cheaper in general) I would expect that number to grow, potentially in orders of magnitude.
The best time to buy a miner is when it is "just" losing/breakeven/making money >>> AND <<< just before the price of the metal starts to rise. The opposite is true if you are looking to short. Breakeven ( nearby ) is the sweet spot. The idea is that all the costs are locked-in for the near term and a small percentage price delta can be amplified, possibly 10 to 20x for a while.
Quote:
Originally Posted by eddiehaskell
Hmm, I remember selling some gold about 3 years for around the same price it is today.
OK? .... Was there a point to your post? It took you three years to sell some gold? That's a long time.
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and the market will crash as soon as Trump is elected, you Trump haters just have to let your hate rule your lives. 
