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