You are viewing a single comment's thread from:

RE: Institutional FOMO Reaches All-Time Highs as Mass Mutual and Other Major Players Buy Bitcoin and ETH

in LeoFinance • 4 years ago

Certainly that would drive the value of gold up. Of course, it might take decades for India to get there.

Gold is also going to benefit from a commodity run that is likely to start around 2023. That will carry all commodities, including gold, higher.

Might be a major drop in the meantime as people realize the crash that is going to happen is not due to inflation but deflation. This will crush gold.

I expect it to test the 2015 low.

Posted Using LeoFinance Beta

4 years ago in LeoFinance by
$0.00
    Reply 2
    Sort:  
  • Trending
    • [-]
     4 years ago  

    Well might crush gold but then the 2015 lows was epic, for gold to actually test it again, it would be disastrous to a lot of people using it to store value..

    Posted Using LeoFinance Beta

    [-]
     4 years ago  

    Yes gold is not set in stone. It does tend to fluctuate greatly over time.

    No different than Bitcoin. Gold, contrary to many beliefs, is volatile over the decades too.

    Posted Using LeoFinance Beta

    $0.00
      Reply