Gold, wait bro, where are you going?

Gold can only crash in one condition that’s too rare. guess?

Well this only happens if everyone (household) starts selling… which will never happen

but on a serious note, it may fall when safe-haven fear fades, the dollar gets stronger, and interest rates after inflation go up, because then gold looks less attractive than earning interest in cash or bonds

other , what are your views?

Highly unlikely - not even a 1% chance. US is about to default yet again, and when that happens they will refinance their debt again, print more money, dollar value will fall.

Plus BRICS plan of de-dollarization will add fuel to fire. The international currency for exchange will be something like gold, and not the currency of some country. Or there will be a new BRICS currency which will strengthen the currency of each member country and will be dependent on the member-currency.

China is already accepting international payments in Yuan. They know that they have to strengthen their currency to fight up to the dollar.

In the near-to-mid term, I see gold going up. Countries all over are buying gold left and right to increase their gold reserves and they know that they cannot trust US anymore when it comes to having US sit on their gold. Many countries are already bringing back the gold kept in other country as their reserves, to back home.

The safe-haven image of gold will fade only after the chaos of de-dollarization ends and there is a new global currency that is not-gold, and is not backed by gold. Or, if gold mining in outer space starts. The whole demand for gold is driven by the fact that it is limited right now. If we find a new way to make gold, then gold might become the next silver.

This can happen only when a huge gold reserve is found out like this !! :grimacing:

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Rupee appreciating against dollar.

Silver outperforming Gold. Hits $60.

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Gold breaks $4800. The way it moves, it seems to have started outperforming silver…

Rupee crashes to 91 again(at a time when dollar is being sold off).

gold still winning.
Mum :two: Me :zero: :sweat_smile:

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Lets go to $5500 in Gold and $120 in Silver :sunglasses: by March :stuck_out_tongue:

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physical gold i have 1800 grams from 2008 i buy for my marriage - and kept in safe locker
now its look value :dizzy_face: :dizzy_face: :dizzy_face: :dizzy_face: , but its in wife custody ,ok safe

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Close to 57% gain so far. Starting this thread. :grimacing:

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All middle class those who hold gold in lakhs become crore pathi - only trump can do that

there is another 2 years term is there for trumph = any way in india 22k per gram will toch 25000 rupees - there is no doubt

Another ATH(4900). Those who bought during today’s India-only crash could’ve made a solid gain!

Will there be a crash at 5000? If so by how much are you expecting?

Gold breaks $5000/oz. Silver breaks $105/oz. At the rate it’s going, Upper circuit might be possible :laughing:

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In hindsight or may be witnessing mad rally

even stock are not performing like that - gold is just metal its going 100km per day

Gold 15000 per gram

Middla class suffer - this metal become really gold

Looks more like a short squeeze though.

I thought it is 16100.

March? Lol. Silver might do it in a few days(already $110). Gold maybe in a few weeks.

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Silver crashes 10% from $117 to $103 overnight.

@VijayNair Sorry about that. Gold breached 5500 first before silver :wink: And January isn’t even over.