— SteemCN

aviv666 (25) · 7 years ago

[-]
haejin,
What about Silver? Are you also bearish on Silver?

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musamura (25) · 7 years ago

Master this time you are wrong you miss fractial https://www.tradingview.com/x/q7Rhh2cM/

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caliterpz420 (26) · 7 years ago

Even your comments are educational. Thank you so much for all the information.

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theessential (53) · 7 years ago

Gold will always be a solid investment and a good place to put your crypto profits for the long term- like cold storage

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hashbox (27) · 7 years ago

You should never use a word "always" when it comes to investments.

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imissamerica (25) · 7 years ago

I agree but gold and silver are a storage of wealth to me not a investment i put fiat that i dont plan on touching for at least 10 years in to gold snd silver

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live-and-learn (37) · 7 years ago

I agree, except for gold...

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adri1202 (44) · 7 years ago

Can we use 'never ' ? :-p

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dreambigdobigger (27) · 7 years ago

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oilko (25) · 7 years ago

@theessential @hashbox , I agree with both of you... gold could be an interesting place to put some crypto profits (and funny: taking fiat --> crypto --> gold or fiat --> crypto --> fiat --> gold)... AND we "should never use a word always" nor never and ever... cheers.

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patrickzhou (33) · 7 years ago

Luckily, there are bitGold and bitSilver available in BitShares DEX.

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imissamerica (25) · 7 years ago

Why wouldn't you want the real thing if you dont hold it you dont own it

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theessential (53) · 7 years ago

I would agree in with “always” not being the right word in most context. Gold is a non renewable resource the has done nothing but go up over the years. As the supply becomes more and more scarce it will continue to rise. So I stand by my always remark when talking of gold.

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https://www.reuters.com/article/us-space-mining-asteroids/gold-rush-in-space-asteroid-miners-prepare-but-eye-water-first-idUSBRE9AK0JF20131121

jamesbrown (62) · 7 years ago (edited)

Don't forget that it's possible, and becoming more viable, to mine asteroids in flight. This added variable can significantly increase the supply of metals like platinum, gold, silver, etc.

adri1202 (44) · 7 years ago

Yes !!! But in that case we have to count the costs of mining and shipping it to earth ...

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oilko (25) · 7 years ago

which costs? with slavery work it is almost for free!

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theessential (53) · 7 years ago

I guess there is plenty of asterioids to go round hahah good point

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enlitendpatriot (25) · 7 years ago

That is if you believe there is an `Outer Space' to visit, even if we can get there, that everything that NASA puts out, from claimed Moon landings to the manned ISS, from the Space Shuttle to Mars expeditions, is faked, a hoax, or you follow the Bible's teachings that we live on an inescapable, flat, fixed Earth, enclosed in a firmament with just stars, Moon and Sun rotating above us and there is no Universe, as I do. I'll keep buying gold.

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jamesbrown (62) · 7 years ago

The bible never said anything about a flat earth.

If it did, then show me the exact quote. If it has to do with a "four corners of the world" type of mention, which is what I've been lead to assume is the culprit, well, then, you need to take a lesson in metaphors and figures of speech before you jump to conclusions. Not everything ever uttered by man, and perhaps even God, is literal.

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patientguy (28) · 7 years ago

Because of tax laws in Canada, it can be more advantageous though to own actual silver or gold instead the bit versions.

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oilko (25) · 7 years ago

mmm.... I don´t know... when do you want gold or silver, you don´t want just a bit, isn´t it?

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yoony22 (25) · 7 years ago

I wonder if there is an inverse correlation between BTC vs. Gold when you compare the charts...???

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adri1202 (44) · 7 years ago

lol
Would mean a lot of huge banks and investors actually bought BTC saying that it isn't a currencie and that it is a bubble, would be so hypocritical, but really possible.

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markyb (34) · 7 years ago

Do you see the same pattern in gold as measured in other fiat currencies such as the AUD also, or could this downturn be USD specific mainly?

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ewmism (38) · 7 years ago

Silver has formed a relatively long term cup and looks like it's finishing the handle. This is a dual purpose HODL commodity that needs attention..

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live-and-learn (37) · 7 years ago (edited)

Yes silver looks nice!

The correction lasting from 2011 seems done, and I see the cup and handle from 2014 till now that you mention! Look out, baby on board! :)

Again, thanks for the tip!

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ewmism (38) · 7 years ago (edited)

live-and-learn (37) Yes and a relatively longish reverse head shoulder formation https://goldsilver.com/blog/clive-maunds-silver-market-update-1/

Silver cup handle that I'm referencing goes all the way back to 1980! It could take another year to complete and when it does $600 will be chump change! My opinion only(disclaimer ;)

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live-and-learn (37) · 7 years ago

Whatttt! The chart only allowed me to go back 10 years, so I completely missed it! :)

Love the coffee drawing, an image is really worth 1000 words! Have you started laddering in yet?

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ewmism (38) · 7 years ago

laddering in yet? Of course, yes but my strategy differs from yours. Lets say some prefer diverse portfolios. I also hold Gold stocks and Bitshares, TRX and XVG cheers

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adri1202 (44) · 7 years ago

The chart looks like half the cryptos I bought :-) without the huge uptrend (in cryptos was when they got on the market). I guess we have finished correction, but also wave 1 and 2, wave 3 is coming !!!.

patientguy (28) · 7 years ago

I agree. According to the silver chart, I believe it is in a buy range. What is your opinion, @haejin? Thanks.

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live-and-learn (37) · 7 years ago

My thoughts exactly :) I think it is soon time to start ladder in, but could there be a lower low before the uptrend you think?

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