I think it's possible for gold to come down to 2000
>>62404339That would be hilarious.
>>62404339ofc its possible, but market would dump 80%
>>62404339>gold goes down to 20 dollars>houses now cost 150 dollarsYou lose no matter what when you have no gold or go against it.
>id c Hens Mr B
>>62404339previous resistance will turn into support
>I think it's possible that hyperinflation will stop
>retraces from 5k to 4k>OP thinks it'll do a subsequent 50% drop
>>62404339anything's possible!pretty fucking unlikely though
>>62404467could you elaborate on pic rel
>>62404473I think somebody dropped the coin
>>62404473>Prolly chinese stealing femto gramsI believe coin was dropped or bad punch, you know... its pokemon level stuff, they really care about "muh grade", while in reality its just an ounce of pressed gold
>>62404341Not likely though. This is just like what happened in 2022 when the first run up occurred. Central banks are buying at record rates again. Mainly Asian/Europe/Central Asia. The sellers are mostly US and Western Europe large ETFs. So it’s suppressing price on western markets. The big banks know what’s coming from a monetary point of view and are securing their balance sheets against counter party risk. In late 2022 after about 6 months of selling. The western institutions began to short cover eventually. That drove the price up for around 4 years. So I imagine we are gonna see 3500 and 50 silver by autumn. Then a run up to 10k by 2032. Silver will follow as it does. Being a mix of monetary and industrial. https://www.businesspost.ie/article/more-central-banks-than-ever-say-they-will-buy-gold-this-year/
>>62404502Isn't it interesting how big players prone to buy at half an hour instead of full hours like everybody else.?
I think it's possible for BITCOIN to come down to 2000
>>62404502I don't venture to predict future dollar-denominated gold or silver prices simply because I think the dollar is entering a phase of increasing volatility that will lead into an inflationary death spiral within the decade. This isn't chart voodoo. It is simple math based on trends in spending, revenue, debt, interest rates, and diminishing world appetite for loaning more money to a US government that makes drunken sailors look like discalced monks.
>>62404339>goldprice. where the world checks the gold price
>>62404420We're not even close to hyperinflation. Even the worst estimates of inflation has it far below 100% annually for any year in the last 20.
>>62405420>not even close to hyperinflationBy 2035 the interest payments to the FED will exceede all tax revenue
>>62404502This guy knows what he's talking about. Good post bro.72% of family offices report no exposure to gold. That's going to change and I'm not losing my mid-long term bullish bias until then. Short term though it looks like a shakeout, keep your powder dry boys.
