Why is it money? Just been to the pub, they did not take Gold. Nor does the central bank exchange it for a fixed price from the paper I have.Gold is money, not so a investment.
I just used crypto to pay for the service required to read thisWhy is it money? Just been to the pub, they did not take Gold. Nor does the central bank exchange it for a fixed price from the paper I have.
I cannot even send it over the internet for some exchange.
It is a commodity.
gold is since 2012 officaly a tier 1 moneyWhy is it money? Just been to the pub, they did not take Gold. Nor does the central bank exchange it for a fixed price from the paper I have.
I cannot even send it over the internet for some exchange.
It is a commodity.
No, it is a Tier 1 asset .gold is since 2012 officaly a tier 1 money
its money......you will like majority understand it soonNo, it is a Tier 1 asset .
It seems you misunderstood the concept of "Tier 1 asset" . Read up this -> Tier 1 Capital vs. Tier 2 Capital: What's the Difference? and Why Basel III regulations are poised to shake up the gold marketits money......you will like majority understand it soon
Just because its not being accepted in majority of shops doesn't make it no money.
Try to buy goods with USD in europe and you will be nearly rejected in all shops.Does it mean USD is no money ?
You are spreading non sense since page 3.i posted gold is tier 1 money since 2012.
I said nothing about tier 1 asset or tier 1 capital.
Basel 3 is Deleveraging.
What would happen if without deleveraging silver or gold would skyrocket now to lets say $20k ?
for people with no financial education high probabllyYou are spreading non sense since page 3.
I am no expert or economist but I still have a masters in financial markets from a reputable school.for people with no financial education high probablly
i have a MBA from the most reputable university in germany back in the end of 90's and i consider it as the biggest garbage ever.What they teached was garbage.I am no expert or economist but I still have a masters in financial markets from a reputable school.
When you were asked the question about ETFs and your perception of them being prone to failure, you did not even bother to reply.
A 8-10 year long recession.What do you need to answer why big majority of ETF's will fail.I am no expert or economist but I still have a masters in financial markets from a reputable school.
When you were asked the question about ETFs and your perception of them being prone to failure, you did not even bother to reply.
Going back to the original question of the thread. No one has a crystal ball to predict future price movements of gold, silver, crypto, stocks, real-estate, etc., especially in these days that there's no real price discovery because of crazy central banks polices...case in point is that everything currently hangs on if and when the Fed will "pivot". The same Fed that said inflation is transitory. Having said all that, if you do your research you can make an educated guess as to where the economy and asset prices are heading in both the short and long term. Think Dr. Michael Burry of the Big Short fame.I wonder how it is possible to make money investing in Gold, seriously a lot of money, does anyone know anything that can help me a bit along the way maybe?
Too many people are waiting for this event. Much of it, if it ever happens, has already been anticipated. There will -most likely- be no shock event, not even a "major financial accident".A chance to make a lot of money from gold or silver COULD be coming in the next 12 months. With QT ramping up this month and the Fed saying rates will continue to rise to kill inflation regardless of the pain it will cause, there's a very real chance we are going to have a major liquidity crisis. If this happens everyone will scrabble to the USD and sell whatever they have to meet margin calls. The price of gold and silver will fall significantly over a truncated period. That would be the time to back up the truck and buy gold and silver. The same applies to crypto, stocks and real-estate during such an event.
everybody and his dog expects the fed to tighten in real termsGoing back to the original question of the thread. No one has a crystal ball to predict future price movements of gold, silver, crypto, stocks, real-estate, etc., especially in these days that there's no real price discovery because of crazy central banks polices...case in point is that everything currently hangs on if and when the Fed will "pivot". The same Fed that said inflation is transitory. Having said all that, if you do your research you can make an educated guess as to where the economy and asset prices are heading in both the short and long term. Think Dr. Michael Burry of the Big Short fame.
A chance to make a lot of money from gold or silver COULD be coming in the next 12 months. With QT ramping up this month and the Fed saying rates will continue to rise to kill inflation regardless of the pain it will cause, there's a very real chance we are going to have a major liquidity crisis. If this happens everyone will scrabble to the USD and sell whatever they have to meet margin calls. The price of gold and silver will fall significantly over a truncated period. That would be the time to back up the truck and buy gold and silver. The same applies to crypto, stocks and real-estate during such an event.
I need to know just one thing: what are you smoking and how can I buy some?i have a MBA from the most reputable university in germany back in the end of 90's and i consider it as the biggest garbage ever.What they teached was garbage.
You had to have an average of 1.4 to even be able to join that study and still majority left as idiots unable to understand economics from the ground.All they have been teached is how to gather predefined "offical" information and react on it.Unable to create their own opinion and understand fully the process.
A 8-10 year long recession.What do you need to answer why big majority of ETF's will fail.
Additional take that the market is getting now heavily monopolized.Many niches like traveling not needed anymore etc.
We had inflation in the 70's which had to be fought with 20% interest rates.
Today there won't be such a raise of interest rates.
All you will have is stagflation sucking out wealth from people.Results No consumers for diffrent goods anymore.
Once wealth is sucked out UN will come and cut debt from all nations.
And then they implement the deflationary monetary system.
If you understand economy you understand these basic movements.
Am talking here of course about western countries
i have a MBA from the most reputable university in germany back in the end of 90's and i consider it as the biggest garbage ever.What they teached was garbage.
You had to have an average of 1.4 to even be able to join that study and still majority left as idiots unable to understand economics from the ground.All they have been teached is how to gather predefined "offical" information and react on it.Unable to create their own opinion and understand fully the process.
A 8-10 year long recession.What do you need to answer why big majority of ETF's will fail.
Additional take that the market is getting now heavily monopolized.Many niches like traveling not needed anymore etc.
We had inflation in the 70's which had to be fought with 20% interest rates.
Today there won't be such a raise of interest rates.
All you will have is stagflation sucking out wealth from people.Results No consumers for diffrent goods anymore.
Once wealth is sucked out UN will come and cut debt from all nations.
And then they implement the deflationary monetary system.
If you understand economy you understand these basic movements.
Am talking here of course about western countries
That is not true.Professionals sold all their RE into the fools in 2008 and entered gold.Too many people are waiting for this event. Much of it, if it ever happens, has already been anticipated. There will -most likely- be no shock event, not even a "major financial accident".
Dr. Michael Burry built his success on something nobody expected and nobody could imagine would ever happen. That's the big difference to today's world: Everyone is talking about doom, financial Armageddon ...
I wouldn't say I'm waiting for such an event; but rather, I'm positioning myself for such an event in case it does happen. At this stage, I disagree with you that a major shock or liquidity crisis is unlikely...but I don't have a crystal ball so maybe I'm wrong and you're right.Too many people are waiting for this event. Much of it, if it ever happens, has already been anticipated. There will -most likely- be no shock event, not even a "major financial accident".
Dr. Michael Burry built his success on something nobody expected and nobody could imagine would ever happen. That's the big difference to today's world: Everyone is talking about doom, financial Armageddon ...