dutchy1986
Member Since Jan 13, 2021
52 posts
Nov 08 2021 at 16:24
TanEric posted:Just remember gold will always go up in the long run
Is Greece issue is the reason behind poor perfoemance of gold?
SofieAndreasen
Member Since Jul 23, 2020
759 posts
Nov 08 2021 at 17:57
Gold prices are wrapping up, even having endured an important announcement from the federal reserve and the first optimistic us jobs report in nearly a quarter.
The supply of gold is largely static from one period to the next. Gold mines are large and plentiful, but almost the entirety of what they produce is wasted. As a long-standing commodity, gold is not a security for the speculative. No one, or at least no one sane, buys physical gold in the hope that it will sextuple in value over the next year. Moreover, speculation is one reason for changes in gold prices. Investors speculate as to what governments and central banks are going to do and then act accordingly. It’s tempting to think that gold represents an objective measure of wealth. However, it is not. Gold’s value rises and falls just like any other investment.
TraderIvana
Member Since Nov 11, 2021
39 posts
Jan 14 2022 at 10:23
Strategists are saying gold is caught between the magnitude of inflation.
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