Community Information
-
Gold is going way way up . Gold ETF
I have made a post about this previously too on Bitcoin channel. Gold is probably going 2x to $5500 dollars in next 2 years. It's a fundamental shift that is happening in the markets. In the long term we could see almost 10x jump in the pricing of gold. Why you ask ? Simple enough - There isn't simply enough gold in the gold reserves - Central banks are cashing their US forex for Gold - China is really hammering the gold reserves by buying a ton . Actually 100s of tons So you might ask , why would the price increase? - Pretty basic economics says that price is determined by supply and demand -Well here is the thing. The price of gold is actually not decided by supply and demand of physical gold , it's actually decided by supply and demand of paper gold. What's paper gold ? It's a piece of paper that says I owe you gold. You it's leveraged 1 to 100. For every KG of physical gold there is 100 KG of physical gold floating around. Now it does make it easy for folks and countries trading because you don't actually have to move the gold . You only need to move the paper . But what happens if there is no underlying gold at all ? That's where China is coming in. It's buying and depleting the gold reserves. At some point it's going to set panic in others too and they will start wanting physical gold instead of paper gold. And there isn't enough physical gold to meet the demands and hence the shot in price. What can stop this ? Well money is what our government says it is. If majority of nations come together and decide that gold isn't actually am investment and they will stop treating gold as a reserve currency then why will we need all this gold in the first place ? This could drive down the price. But then what could be an alternate reserve currency ( bitcoin ? ) . There are more scenarios stopping the dream run of gold , but it's safe to assume that it will atleast double in next 2 years . It should be 20x but we will have to settle for 2x Moderators gold can be traded on stock markets and hence I assume in your wisdom you are not going to take this post down .4
© 2025 Indiareply.com. All rights reserved.