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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: longz who wrote (7033)	11/21/2024 8:03:15 AM
From: Goose94	Read Replies (2) \| Respond to of 7580

No, I'm tellin' you the truth you can not pick stocks...

To: longz who wrote (7033)

1/26/2025 6:16:12 PM

From: longz

Respond to of 7580

Goosedguy49 just for you................dopey

To: TobagoJack who wrote (210009)	1/26/2025 5:17:01 PM
From: Maurice Winn	of 210567

How high will gold go? That's easy. Gold is made out of oil. Oil has real economic value, cost of production, ubiquitous uses = a good guide to what gold is worth. With free oil, gold could be produced at little cost. At $200 a barrel, gold would cost lots to produce. While the stacks of existing gold stores are very large compared with annual production, a billion straws will break the camel's back. Continuous production of tons of gold per year will sooner or later cause the price to fall if the cost of production is low enough, which will cause increase of production due to mecca barbra streisand profits. Gold can, as with any speculative item, soar way far high and away from the long run marginal cost of production, so it's not as though oil and gold prices can't separate in one direction or the other for years or even decades. But eventually markets are weighing machines and money will move to where money can be made. If oil zooms to $500 per barrel, money will flow to oil production or alternatives and gold production will drop until gold prices also zoom x 10. Since DOGE has already lost half it's duo at the top [Vivek ousted] it's obvious that DOGE isn't going to be easy, because unlike Twitter where Elon could fire 80% of the employees in days, government "workers" and government dependants and "clients" are voters who can fire the bosses. Twitter employees could not fire Elon. I'm guessing that USA citizens are largely opm drug addicts who cannot go cold turkey on their habit because unlike booze, cigarettes, heroin, fentanyl, cocaine, dope, methamphetamines etc, they actually need that opm to buy groceries to stay alive. The opm addicts will therefore fire the government and drive the USA into the ground. Virtuous Victorian Values are not popular where they once flourished. Therefore I guess that USA will go full Weimar and abrogate their debts by destroying the US$ and a lot more besides. Argentina had decades of failure before they finally went for cutting government chain-saw style. But Argentina is tiny and unlike USA such disruption can be propped up by the continued outside world. USA is so big that if it goes bust, financial tsunamis will smash around the world. Aotearoa-Zimbabwe had such a big debt-funded borrow and hope party over the last 6 years, but the chickens have come home to roost and recession is on. However, AZ's debt is low compared with USA's debt so the impact isn't Great Depression level or even 1987 style. It's about 2008 so far. Summary - I don't expect gold to do better than oil. It's maybe even high at $2800. If oil goes way down by taps being turned on, gold will go back down in price until USA debts start to go belly up. As I wrote 20 years ago, if US$ goes belly up, gold will go to $10,000 an ounce. But there has been economic growth since then so gold might go to $15,000 or $20,000 per ounce to rebalance money systems. Meanwhile as I also wrote way before 20 years ago, Mobile Cyberspace value will exceed all value, making all previous inventions, not just since the industrial revolution but far back before the invention of printing press, writing, civilisation and even before the invention of humans. We need to go right back to the invention not just of eukaryotes but right back to the invention of DNA and all that followed to get to comparable scale as Mobile It Cyberspace [It aka AI]. Heck, maybe even to the invention of the four forces of the apocalypse = strong force, weak force, electromagnetic force and gravity. Gold by comparison is just a useless artifact of star dust that chimpoids found and turned into a talisman of value in their atavistic found-wealth lives. Bitcoin is a half-baked attempt to leverage Cyberspace as a unit of value but it was always defective as I've explained since the day of its inception. So gold is vastly better than bitcoin which will go to zero when it's superseded by the Real Thing which I'm in the process of producing. Bitcoin is just another casper, doge and thousands of others but with a bigger fan club. Which will be the winning Its is a big question. Made in China claims to order of magnitude improvements have shocked and awed the ChatGPT type efforts. Mqurice

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