Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: Peter90 on May 17, 2024, 06:21:29 PM
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Gold has been reaching ATH after ATH lately - not only in USD but in every currency.
Gold in USD (yellow)
Gold in several currencies basket (blue)
(https://i.ibb.co/ZXHbXRh/2.png)
Gold is mainly for saving (https://www.altcoinstalks.com/index.php?topic=310959.msg1485291#msg1485291) ... but one can trade it too!
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... and this is silver - big picture
(https://pbs.twimg.com/media/GNyF7Y7W8AALrBm?format=jpg&name=4096x4096)
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Silver
currently at 31
15 years charts
(https://i.ibb.co/K5hBK10/9.png).......................................(https://i.ibb.co/p0dvgXS/8.png)
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Gold in focus because it just hit its All Time High in USD
but the biggest story is silver
Silver chart
50 years
(https://i.ibb.co/yQ8Xgwp/1.png)..............................................(https://i.ibb.co/gSr7nwt/2.png)
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Silver
SGE = Shanghai Gold Exchange
SFE = Shanghai Futures Exchange
(https://i.ibb.co/GkX50Kg/1.png)........................(https://i.ibb.co/Y8QFFYg/2.png)
The price of Gold & Silver is more and more driven by the China's market:
China's market is a physical market vs. the Western "paper" (derivatives) market.
For price predictions, look at China.
Today's Western silver price = $31
Silver in China is being traded 10% over Western price
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Silver is leverage on Gold
(https://i.ibb.co/8MN175H/2-2.png)
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Right now Silver is the hottest investment in China
We are approaching the moment when the silver price is set in Shanghai - whereas until now it has been set in NY/London
(https://i.ibb.co/3MP1vJ7/1.png)
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I think gold is a great investment in todays time, specially after the global pandemic. Personally, if I had spare funds, I would rather put it in gold than to keep it in cash because of inflation here. Might expect better returns from it than many stocks as well. ;D
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I didn't know much about silver trading, but am very used to that of gold because many are into the business anyhow without having a serious challenge on how they can start it, though as we all know that this is unlike cryptocurrency which is decentralized, mining of gold is fully monitored and licensed by the government, gold is known to be a profitable investment just s we have seen some weeks back when it make it to all time high.
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I didn't know much about silver trading, but am very used to that of gold because many are into the business anyhow without having a serious challenge on how they can start it, though as we all know that this is unlike cryptocurrency which is decentralized, mining of gold is fully monitored and licensed by the government, gold is known to be a profitable investment just s we have seen some weeks back when it make it to all time high.
For Gold it has been an ATH after another in 2024. Fantastic year.
This is a chart of gold in World Currency Units.
(https://i.ibb.co/k291M7c/2.png)
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My friend made so much profit from gold market between last year and January this year, he even made me feel jealous about his winning trades and I felt like going back to forex trading instead of my usual crypto futures trading but I didn't because I was seriously trading XRP ans Bitcoin as of then and I didn't just want to shift my attention to forex market then. The price surge of gold was just in a continuous uptrend for more than the 2 weeks that I was just watching the chart from trading view which happens to be a platform that I use for tracking the price of all the coins I trade. It's not just my friend but so many people that knows how to trade, really made profit from the market.
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My friend made so much profit from gold market between last year and January this year, he even made me feel jealous about his winning trades and I felt like going back to forex trading instead of my usual crypto futures trading but I didn't because I was seriously trading XRP ans Bitcoin as of then and I didn't just want to shift my attention to forex market then. The price surge of gold was just in a continuous uptrend for more than the 2 weeks that I was just watching the chart from trading view which happens to be a platform that I use for tracking the price of all the coins I trade. It's not just my friend but so many people that knows how to trade, really made profit from the market.
I don't know much about gold or silver investments, but sometimes I ask myself, what the hell am I doing? I keep losing my initial funds, and my crypto portfolio keeps decreasing. I feel like giving up at times. Maybe I should start an offline business before something worse happens. In the last month, my portfolio went down by 70%. I know everyone is bleeding, but I seriously don't know what to do. If I had a friend who was knowledgeable about gold, silver, or physical element investments, I’d definitely ask for their advice or try to know more...
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My friend made so much profit from gold market between last year and January this year, he even made me feel jealous about his winning trades and I felt like going back to forex trading instead of my usual crypto futures trading but I didn't because I was seriously trading XRP ans Bitcoin as of then and I didn't just want to shift my attention to forex market then. The price surge of gold was just in a continuous uptrend for more than the 2 weeks that I was just watching the chart from trading view which happens to be a platform that I use for tracking the price of all the coins I trade. It's not just my friend but so many people that knows how to trade, really made profit from the market.
I don't know much about gold or silver investments, but sometimes I ask myself, what the hell am I doing? I keep losing my initial funds, and my crypto portfolio keeps decreasing. I feel like giving up at times. Maybe I should start an offline business before something worse happens. In the last month, my portfolio went down by 70%. I know everyone is bleeding, but I seriously don't know what to do. If I had a friend who was knowledgeable about gold, silver, or physical element investments, I’d definitely ask for their advice or try to know more...
Yes we know cryptocurrency investment is risky but it also true that from cryptocurrency huge profit gain possible. Which are not possible from another business like, gold and silver. Although gold and silver is profitable but profit margin is very low. On the other hand cryptocurrency has some risk but profit margin huge. If
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My friend made so much profit from gold market between last year and January this year, he even made me feel jealous about his winning trades and I felt like going back to forex trading instead of my usual crypto futures trading but I didn't because I was seriously trading XRP ans Bitcoin as of then and I didn't just want to shift my attention to forex market then. The price surge of gold was just in a continuous uptrend for more than the 2 weeks that I was just watching the chart from trading view which happens to be a platform that I use for tracking the price of all the coins I trade. It's not just my friend but so many people that knows how to trade, really made profit from the market.
snip
Yes we know cryptocurrency investment is risky but it also true that from cryptocurrency huge profit gain possible. Which are not possible from another business like, gold and silver. Although gold and silver is profitable but profit margin is very low. On the other hand cryptocurrency has some risk but profit margin huge. If
True but you have to consider that you have to be well versed, well educated, and well experience in order to profit from crypto investments. Not to mention, sometimes even with these perks, we see people bleeding hard. Looking back, I regret my decision not booking my profits early. I held high and bled much. Who would have thought ETH would jump from 3k to 2k. My portfolio still would be 50% up, if eth hadn't gone below 2.5k range. I guess, it was bad luck..this year was the most unpredictable for me..
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My friend made so much profit from gold market between last year and January this year, he even made me feel jealous about his winning trades and I felt like going back to forex trading instead of my usual crypto futures trading but I didn't because I was seriously trading XRP ans Bitcoin as of then and I didn't just want to shift my attention to forex market then. The price surge of gold was just in a continuous uptrend for more than the 2 weeks that I was just watching the chart from trading view which happens to be a platform that I use for tracking the price of all the coins I trade. It's not just my friend but so many people that knows how to trade, really made profit from the market.
I don't know much about gold or silver investments, but sometimes I ask myself, what the hell am I doing? I keep losing my initial funds, and my crypto portfolio keeps decreasing. I feel like giving up at times. Maybe I should start an offline business before something worse happens. In the last month, my portfolio went down by 70%. I know everyone is bleeding, but I seriously don't know what to do. If I had a friend who was knowledgeable about gold, silver, or physical element investments, I’d definitely ask for their advice or try to know more...
Let me guess you must be investing in meme coins? and you follow FOMO if yes congratulations you might be trapped in a long period of time if your loss has reached 70% there is no meme coin that really gives profit if you enter at a high price, always be careful if you want to invest in crypto if I myself am better off investing in BTC which is certainly good enough for the long term, and investing in gold is also quite safe it has less risk than in crypto.
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Let me guess you must be investing in meme coins? and you follow FOMO if yes congratulations you might be trapped in a long period of time if your loss has reached 70% there is no meme coin that really gives profit if you enter at a high price, always be careful if you want to invest in crypto if I myself am better off investing in BTC which is certainly good enough for the long term, and investing in gold is also quite safe it has less risk than in crypto.
Nope, you guessed incorrect! I don't invest in memecoins, aka shitcoins! All the projects I have invested in were carefully chosen, utility based, AI related projects which had huge potential. Tbh, my portfolio wouldn't have dropped this much if it weren't for the collapse of ETH from $3k to $2k! I had taken some loans from defi protocol with my ETH, but when the price dropped it dropped to fast that I couldn't react fast! As a result my vault was liquidated. You know the rest......