Optimism and Gold in my lifetime

Is it even possible for gold to see significant gains without some kind of apocalypse situation? Or some threat of the world ending.

Maybe $2,000 or $2,500 /oz

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The rest of the world would have to get its shit together.

gold can increase in value tenfold if it becomes reserve currency again.

probably won't happen for this very reason.

Gold will see big increases over the next few years when the next global recession hits - this time debt levels far exceed anything we've seen before, there will be currency crises worldwide (arguably there already are) and thus a rush to actual physical, tangible assets.

Gold has been seen as money for over 5000 years, so it's only natural that people will rush to this (as well as Silver) first as fiat currencies start to really lose value quickly.

Also if the rumours of the Chinese buying up vast quantities of Gold to eventually back their currency with it are true (it's not such a far-fetched idea), then Gold will go through the roof.

Gold has been good for trading recently due to fucking crazy volatility(almost monthly games of rate hike chicken). Some suspect that were at the beginning of a rally due to market uncertainty because of Trump, but that's all speculation. Here's the deal with Gold. Long term, I'm talking YEARS not MONTHS, gold will only increase in value. How much will it increase and at what rate? Nobody fucking knows. Precious metals shouldn't really be looked at as investments in the traditional sense. Look at them as more of a way to hedge against inflation and preserve your wealth. Then again, we don't live in traditional times. I would personally recommend EVERYONE have some gold, but if you want to "invest" in gold that's up to you. Just don't expect any crazy ROI for a while....... unless some crazy shit happens. Which seems all the more likely with each passing day.

t. gold trader

>Also if the rumours of the Chinese buying up vast quantities of Gold to eventually back their currency with it are true (it's not such a far-fetched idea), then Gold will go through the roof.
they are not necessarily buying it up to keep it. they are buying it up to weaken the yuan. same as us bonds. except they can fuck the usa in a multitude of ways with this new scheme.

>sell oil for yuan
>buy gold for yuan on shanghai exchange
>china buys gold on western markets for less then it sells
>this weakens the yuan which is good for exports but fucks the usd profoundly.

or something like this my understanding is still fuzzy on the details.

no, not really. The price would probably go down.

You would need sustained inflationary pressures, massive increase in demand of most goods and services, specifically energy and a decline in mining.

what about asteroid mining? is it a meme?

One could argue that the chinese buying up all the gold they can get will lower the price of gold. Since 1 party controls it all you lose faith in it.

you don't need all that a loud fart can scare investors to drop everything and start hoarding gold.

An inflationary cycle is in progress so $3,500 is a reasonable 15 year high estimate.

Theres actually a company working towards asteroid mining. It will probably happen, but being able to do it efficiently is so far off you don't even need to worry about it. Consider:

1. You would need that turd to be damn close.

2. You'd need to have advance warning of it, enough to plan your mission. Even on decent size rocks, we're often catching them mere days or weeks ahead of proximity.

3. You need a rocket to launch your craft, or have one with a crew you keep in ready earth orbit. EXPENSIVE either way.

4. You need a system and process to land on, survey, and extract from the asteroid. Then, you need to get that back to Earth, whether you opt to land bulk ore or figure out refining in place for a smaller return package.

5. You either need to use more rockets to stop that fucker and bring it to orbit, or figure out a way to land it on Earth for processing if it's small enough, which opens its own can of worms.

So it will happen, but not any time soon.

Back on topic: I own a couple grand, roughly, worth of silver. Will soon buy more and plan to accumulate gold probably in 1/4 and 1/2 ounce units. If I recall, JM Bullion had the best margins and shipping, but I may be off. Avoid pawn shops they will rip your ass off most of the time.

It's such a benign investment most of the time that it's harmless at worst, and a good hedge at best. There's not many arguments against putting a few bucks in to it. Just don't expect a moon mission next month or the month after that. Your gains will come from:

1. Economic crises
2. Slow price growth
3. Big impact events, like future iterations of US Gov't hammering miners with environmental restrictions.

#3 is a large motivator for me to buy both bullion and OIL ETNs; due to demographics this WILL happen sooner or later, and when it does I want the event itself to catalyze my escape from having to live in this madhouse. Away I go on my sailboat, rent our house, and hopefully we have a plot in Panama by then.

>2. You'd need to have advance warning of it, enough to plan your mission. Even on decent size rocks, we're often catching them mere days or weeks ahead of proximity.

They don't plan to catch random rocks coming close to earth. They plan to actually go out there and bring them closer themselves. That way they only grab rocks actually containing precious ores.

Mr. gold trader.

Can you explain what the purpose of buying minted gold coins vs buying a blob of pure gold is?

TY sir.

Pros.
It's more easily recognizable and tradable,due to it having standard sizes and weights easy to compare,and has a reputation of its own being backed by some centra bank,also counterfeiting gold and counterfeiting legal tender it's a different kind of punishment.
you also pay (and when selling get) some premium

Blob of gold. ..you pay by the weight so cheaper ,usually they are bigger so more difficult to sell,also needs careful testing not just surface scratching.

Probably other reasons as well but those are the main ones I can think of

Not that user, but the reason people buy coins is because of credibility. Say you buy a random blob of gold. How much of it is actually gold? If so, what %(karat)? Is it actually even gold at all? Where did this gold come from? When you buy coins you immediately know when they were made, who minted them, and how much gold they are in weight and what karat of gold they are. Also, what do you think is easier to handle and store. A bunch of heavy as shit gold bars, or a bunch of 40 millimeter coins?

most gold coins are too small and also intricate to make good forgeries of. easier to drill out and hide tungsten in bigger bars.

basically what a coin is is a certain quantity of metal with a stamp authenticating it. this made scales redundant commerce and accounting faster and easier.

modern coins are very hard to forge the chink copies are usually way off a practiced eye can tell at a glance.

physical gold as an investment is a long term hold

this means you hold it for years to shield some of your assets from the global shit show

you are not likely to make much profit as it does not gain, its a lump of metal. but you also wont lose anything the longer you hold

inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp
too bad it doesn't keep up with inflation short medium term. too bad it's twice overpriced inflation adjusted historically should be around $500. i'm not even sure if buying gold at these prices does not constitute insanity.

on the other hand gold was priced in as $500 when the population was 7th of the current...
so maybe $3500 would be more realistic price today. i just can't make up my mind every chart tells a different tale.

and on the other hand a linearly growing production rate of gold means the supplies grow at a parabolic rate same as population did kinda in the 20th century.

so what the fuck is the comparable price of gold today to say 1900? i just can't...

If asteroid mining actually becomes widespread gold and all precious metals will crash

Aluminum used to be worth more than gold and now we use it for cans, that's fucking technology man

What value does some metal tucked away under the mattress create? Leave gold those who go "Ooooh, shiny!".

to*

Well even in an apocalypse/disaster scenario gold will be useless. Can you eat it? Nope. Can you shoot it? Nope. Nobody is going to trade their precious resources for useless shiny metal.

Aluminum was more abundant than gold it was a matter of extraction methods,gold won't crash,at most it would float on the margin of benefit of actually going to pick asteroids rich enough (and mind you it ain't common in space either)and extracting it so even if we had the tech, the cost of asteroid mining would give it a good cushion to land on

>it ain't common in space
wrong
>gold won't crash
redorbit.com/news/space/1112523850/asteroid-mining-venture-could-change-supplydemand-ratio-on-earth/

Gold is extremely rare even in space. It's only formed in conditions volatile enough to make black holes. weird stuff man

But having currency backed by gold is excellent for any country that has industrial production. It would be a bit exploitative by the Chinese, but it would give them some very nice benefits

there isn't enough gold mined in the whole world to back the currency of even a tiny country. We don't even have enough gold to cover the economy of one US state last time I checked.