How bad will the rugpull be?
>>61132425Most of the demand is from central banks. So not that much.
>>61132425It's not your crypto pump and dump scheme. It will go up forever.
>>6113242561.8% Look at it's history, it's always goes up and comes back down by roughly even amounts when there is a panic. When there isn't a panic and instead the price is run up because of sovereign debt crises around the world it follows typical fibbonaci numbers.
>>611325501970's debt crisis.
>>61132573whats the top? 5k?
>>611325732008
>>61132425About 40%
>>61132425You're living it. The dollar and crypto are going to zero as we speak.
>>61132432>he doesn't rugpull central banksngmi
>>61132587Pic is spx/gold in 1970 vs today. 1970 is dark blue, today is light blue. >>61132580Following the debt crisis and debasement pattern in 1970.... $16000/oz by 2030... $74000/oz by 2035.
>>61132630thanks, and for silver?
>>61132630It's crazy how well the trend fits, that first bump from 1970-1975 when gold was decoupled from the dollar, it went up ~450%.That's why I say $16000/oz by 2030, and if you look at the history there were many pull backs between 1970-75 being between the 50-61.8% fibonacci zone.To get a more exact number you'd have to determine when exactly the decoupling happened in modern times and what the price of gold was at the time.
>>61132852Sorry silver is a complete fucking gamble, it's price has no basis in reality IMO which is why it always drops back down and I think it would even without market manipulation.
>>61132913>it would even without market manipulation.Fake and gay.
>>61132425I’m expecting a correction but it won’t be as bad as you think. This is gold not Bitcoin. Anything between 3600-3800 is a great buy.
the rugpull is for normies who purchase paper pmsphysical kings will become gods
>>61132425you can't rugpull gold... at the end of the day we're holding gold. we still win lol
>>61132885Continued.Zooming in even further you can see that gold seems to make its major moves around the 50% and 100% extended levels, either consolidating or dropping.
>>61132913Nigger
>>61132425Bad. When clueless shitskins, lead addled boomers and 4chan jeets are all in on the trend a collapse always inevitably follows
>>61132952
>>61132966We just had a consolidation this year before the rocket took off, so based on 50% extended I'd estimate the next top to be at $4800 before pulling back to $3800... or if you consider the 100% extension actually started back at the low in june then maybe the pullback will be closer to $3250.
>>61132425it will always go up saaar. you just don't understand>dedolarizashun>inflashun1 silver dime make you rich saar. lot of sex saar. Get in line and buy now it's going up forevaar
Gold will remain safe until Russia and Ukraine agree to peace. When that happens, you'll want your money somewhere else, but until then, gold is the best place.
>>61132630We were on a gold standard in 1970 and the national debt was $300 billion, fuckwad. This is nothing like 1970, despite what memecharts you try to generate.
>>611324252k at least, maybe eve 1k.Goldbugs are among the most retarded posters.
>>61133047Mean to say low in june of 2024.>>61133069Gold was $35 when it decoupled from the dollar and if you say the debt was $300 billion... 300,000,000,000 / 35 = ~ 8.5 billionGold consolidated at around $3300 this year and the debt is $37 trillion.... 37,000,000,000,000 / 3300 = ~ 11.2 billionYou're right, it's way worse now.
>>61132425Gee I wonder who's the OP behind this one?
>>61133217India IS the #1 hoarder of gold in the world. Their citizens hold more private gold than the world banks combined.
>>61133111Please let this happen, we hit 1k and I'm hitting up any bank that will give me a loan, and selling the car.
>>61133111More retarded than a bunch of children talking about their latest imaginarycoin gains? More retarded than RetardCoin? This board has been nothing but retarded with /pmg/ being the one exception since 2017.
My PAXG short just got smoked thanks to that scamwick. gg
It's not even parabolic anymore. It's just a straight line up. We won.
>>61133288That's what confuses me on who they hire to spread FUD like they do. Indians are cheap labor, yet indians LOVE silver 'n gold. Lolwut?
>>61133375its the golden boner of freedom
>>61133372What macro-economic driver would you say is influencing your trading decisions? Is the the dollar funding crisis? The debt crisis? The impending QE? France and UK in a debt spiral? The US-China trade war?
>>61133375The most probable point for a dump.
Like 1980 but worsehttps://www.youtube.com/watch?v=b2R9OojBb8c
>>61133407I was betting on a short term correction due to overexposure of gold in media these days. I'm medium and long term bullish on gold otherwise
>>61133413What should we sell for? Fiat currency? They print that out of thin air by the wheel-barrel.
BYE BYE AMERICA
Check PAXG/USDTBlow off top already happened
>>61133426>sell the poomp>buy the correctionsimple as
>>61132425You should be more worried about the dollar, retard.
>>61133426The money that goes into gold then rotates into other commodities, just like the money that goes into btc rotates into alts.Only that it takes longer.
Gold 30k EOY
>>61133472>The money that goes into gold then rotates into other commoditiesIt's going into physical gold. You don't just order a bar of gold then the next day sell it to buy another commodity.
>rugpullSince it's central banks driving the price the correction will be pretty insane but you'll also be able to read the tea leaves to see it coming and they won't rugpull just to crash the price they'll try to get what they can during draw down. The current situation driving the central banks, that the US has abused dollar denominated assets and made them illiquid for their naughty list, that hasn't changed. Maybe after Russia crawl all the way to the Dnieper and the war ends people will start to forget.
>>61133515You dont understand, the shiny rock buyers get the physical thing to baghold for the next decade. The one who sold it to them is the one that buys the next asset that will go up.
>>61133065Fecal matter human form fr
>>61133555>You dont understandKek yeah those central bankers are notorious bag holders
>>61132630>74k per oz by 2035get a load of this faggot KEK
>>61133872How big do you reckon QE5 will have to be?
Doesn't matter. 1 gold atom = 1 gold atom
>>61133872Did you not get the memo?
It's starting to seem like they know something that they're not telling us.
No
>>61132425This is the rugpull
>>61132425BAD. Boomer rock will never even reach 4150
>>61132425I can only hope the exit liquidity goes to BTC.
>>61134099>it actually went like 2% over technically so this person was wrong!!!Looks like they were still right overall though. Gold definitely isn't hitting $5k and everyone who's bought in the past 2 days is going to get royally dumped on. This cant be your first rodeo
>>61134131It will hit $4800 and then pull back, I've said it many times in this thread. But what comes after when countries start failing.
>>61134166which specific countries? this is really interesting because faith in institutions are at an all time low
>>61134217Off the top of my head, UK, France, Germany, Japan, idk google failing countries with debt crises. And then there's the countries that are going full speed digital ID wallet like vietnam.
>>61133111Price goes down on PM's, we buy the dip, and by buy the dip I mean we buy more physical gold and silver. You cant just type some numbers on a keyboard and magically create precious metals like you can with fiat/crypto. In fact, you need the pms to make the computer that makes the crypto. The ponzi scheme is crashing anon. Time to wake up and get your piece of the pie while you still can. Every indicator is pointing to a financial collapse and a new system where digital currency is backed by commodities, With Silver and Gold being top tier commodities. Own some before the dollar rug pull is complete. You still have time. Also, bitcoin and the like is going to 0, TPTB were never going to allow a decentralized crypto forever. They were using it to gather data for their new system. Nothing more. If you have a a position in crypto, now is the time to pivot.
>>61134358really, not the US?are you kidding ?
>>61134358>>61134437Both of you forgot to put canada at the top of your lists
>>61134437US isn't there yet, the dollar is actually getting stronger right now relative to other currencies and asset prices are correcting, that's why the stock market is rolling over. Plus the trillions spent on the AI bubble is about to vapourize and alot of that came out of retail pockets.The real crisis starts once the government steps in and tries to 'fix' the economy.
>>61134448Canada despite the liberals drunken spending is still doing better than all of them, but it won't be for much longer if we don't get rid of carney. Most of our damage is self inflicted and can be undone with the flick of a pen if we exploit our resources.
>>61134474>the dollar is actually getting stronger right now relative to other currencies
>>61134489You’re falling for the oldest trick that Canadian politicians pull: only looking at federal debt. The debt situation for the individual provinces is equally bad if not worse than the massive federal debt. Ontario has more debt as a share of the economy than California, which has a larger economy than pretty much all of Canada combined. Provincial debt is a bomb too. All of Canada is just debt shuffling. Canadians are also more indebted on a personal level than even Americans are.
US is currently undergoing chemo. We have the tools to survive. Other countries haven't even admitted they have a giant tumor sticking out of their head.
>>61134497okay cool now zoom out. its trading higher than it was since covid
>>61134526>which has a larger economy than pretty much all of Canada combinedActually it's much larger than all of Canada. Like 40% larger.>Canadians are also more indebted on a personal level than even Americans are.I heard they are all on adjustable rate mortgages. That will slaughter them when the world has to raise rates.
>>61134640How Canadian mortgages work are you have A) Amortization period (15, 20, 25, 30 years). But you also have B) Loan Term (5 to 7 years max). So even if you have a “fixed rate” it’s only fixed for 5 to 7 years at most. So in effect, yes they’re all variable rate at their core, though they do have explicitly variably rate ones as well.
>>61134554I really dont know what youre looking at
>>61132550>>61132573>>61132587>>61132630>>61132885>>61133047doesn't matter. All it takes is democrats winning midterms and gold goes back to 2.5k. It's rallying because we have a pseudo king in charge who gives no fuck about debasement. Any iota of checks on him and it dumps. Market also is pricing in a puppet federal reserve which is a big if
>>61134131tell me what has changed this week to cause a dump?
>>61135038>the democrats, party of fiscal resposibility
>>61135038
>>61135281>>61135212do you really think anything is getting passed with a democrat congress that will hate trumps guts?? That's the point
>>61132425slow, just like the last
