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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bull_dozer who wrote (209003)11/17/2024 8:50:32 PM
From: TobagoJack1 Recommendation

Recommended By
maceng2

  Respond to of 217574
 
re <<The U.S. should combine the strengths of gold-backed systems with blockchain technology's benefits.>>

... absolutely, and first-mover of scale is PAXG which runs on the public ETH blockchain
... HSBC has been operating its regulated tokenised gold for past few months also, and all good but unclear to me what (private?) blockchain HSBC uses
... I have position in PAXG in order for 24/7 trading as and when / if necessary
... I have ETH to go with my BTC
... am supportive of tokenized gold initiatives for win-win outcomes
... market cap of PAXG trending from healthy to healthier, a good trajectory, see below mkt cap chart

coingecko.com



To: bull_dozer who wrote (209003)11/18/2024 12:32:54 AM
From: TobagoJack  Respond to of 217574
 
>> THE F*CKING F*CKS

Looking good

bloomberg.com
Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25

Bankreiterates forecast for jump to $3,000 an ounce next year Trump’s policies may augment metal’s bull case, Goldman says
Jake Lloyd-Smith18 November 2024 at 11:31 GMT+8
Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc., which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.

“Go for gold,” analysts including Daan Struyvensaid in a note, reiterating a target of $3,000 an ounce by December 2025. The structural driver of the forecast is higher demand from central banks, while a cyclical lift would come from flows to exchange-traded funds as the Federal Reserve cuts, they said.

Gold has staged a powerful rally this year — hitting successive records — before pulling back in the immediate aftermath of Trump’s White House win, which boosted the dollar. The commodity’s advance has been underpinned by increased official-sector buying, and the Fed’s pivot to easier policy. Goldman said a Trump administration may also aid bullion.

An unprecedented escalation of trade tensionscould revive speculative positioning in gold, they said. In addition, rising concerns over US fiscal sustainability may also aid prices, they added, noting that central banks — especially those holding large US Treasury reserves — may opt to buy more of the precious metal.

Spot gold was last at about $2,589 an ounce, having peaked above $2,790 last month.

In other outlooks, Brent crude was seen trading between $70 and $85 a barrel next year, although there’s near-term upside risk if the Trump administration clamps down on flows from Iran, they said. Base metals were favored over ferrous, and European gas faced upside risks in the short term from the weather, they said.

“The new US administration further raises the risks to Iran supply,” the analysts said, citing scope for potentially tighter enforcement of sanctions in a maximum-pressure campaign. “A potential strengthening in US support to Israel may also increase the probability of disruptions to Iran’s oil assets.”



To: bull_dozer who wrote (209003)11/18/2024 12:50:02 AM
From: bull_dozer  Read Replies (1) | Respond to of 217574
 
>> THE F*CKING F*CKS

must be shorting Gold...<NG>

Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25