Forbes: Gold headed to $3,000

[midnight rambler]

Tell us something we didn't already know.

https://www.forbes.com/sites/investor/2022/02/16/gold-on-its-way-to-3000-an-ounce/?sh=6cd6dc68483f

[mamboni]

Gold headed to $10,000. Silver will surpass $100.

[ziero0]

Gas heads to $9. Coffee to $7.

The common denominator is the (perceived) value of a fiat dollar.

Nothing divided by zero asymptotically approaches either infinity or nothing ...your choice.

[midnight rambler]

How long do you think the yellow metal will level off at $10K? I submit once it goes it's going for good. And I also submit I think you're being bearish on the white metal as well, JMO.

[mamboni]

How long do you think the yellow metal will level off at $10K? I submit once it goes it's going for good. And I also submit I think you're being bearish on the white metal as well, JMO.Ultimately, gold and silver will become unobtainium once the gold price surpasses $5000 and silver surpasses $100. At that point the dollar will be in accelerating hyperinflation. No one will want dollars. Gold and silver will not be sold for paper fiat. They will be used as money to buy commodities and hard assets such as land, equipment, tools etc.

[ziero0]

Gold/silver has a value largely symbolic. They represent the substance in a contract and as such accessibility to Law. No substance? Welcome to Equity. Equity is female law. It is largely why the woman gets the house and kids in a divorce.

In female law the female wins.

[Ares]

Ultimately, gold and silver will become unobtainium once the gold price surpasses $5000 and silver surpasses $100. At that point the dollar will be in accelerating hyperinflation. No one will want dollars. Gold and silver will not be sold for paper fiat. They will be used as money to buy commodities and hard assets such as land, equipment, tools etc.

Crypto's will likely play their part. I agree that Gold and Silver will be used as a proverbial safe haven to store wealth while cryptos may be used for every day transactions for a couple of reasons. 1.) If the wallet is encrypted, it can't be stolen while gold / silver can. Lets be honest in the world we see coming desperate people do desperate things and theft is only going to skyrocket. 2.) Crypto is easier to carry and easily divisible.

Gold and Silver are money and always will be, but cryptos are much easier to deal with and handle than precious metals. As an example, would I pay with gold or silver for a track of land if the guy who is selling will accept crypto? I'd pay with crypto and keep my appreciating asset until a new more honest monetary system gets implemented.

[ImaCannin]

1.) If the wallet is encrypted, it can't be stolen while gold / silver can. Lets be honest in the world we see coming desperate people do desperate things and theft is only going to skyrocket. 2.) Crypto is easier to carry and easily divisible.



Uncle Klaus Schwab keeps talking about a cyber attack. If the power company or internet goes down, how will one get his digital money?

CURIOUS MINDS WANT TO KNOW.

[Ares]

Uncle Klaus Schwab keeps talking about a cyber attack. If the power company or internet goes down, how will one get his digital money?

CURIOUS MINDS WANT TO KNOW.

The power outage or internet outage would have to be global. The problem with a decentralized system such as crypto currencies as you can't take down a single city, state, or nation and expect to hinder crypto.

Crypto wallets do NOT use DNS it uses node (wallet) discovery within its own protocol / network and looks for other nodes on the internet via IP address. So crypto currencies would be unaffected by even a DNS outage (minus hot wallets that are used on mobile devices so as to not have to store the entire blockchain). Decentralized Exchanges would be even less affected by it as long as a single node is online somewhere in the world you can have propagation of transactions.

[EE_]

Crypto's will likely play their part. I agree that Gold and Silver will be used as a proverbial safe haven to store wealth while cryptos may be used for every day transactions for a couple of reasons. 1.) If the wallet is encrypted, it can't be stolen while gold / silver can. Lets be honest in the world we see coming desperate people do desperate things and theft is only going to skyrocket. 2.) Crypto is easier to carry and easily divisible.

Gold and Silver are money and always will be, but cryptos are much easier to deal with and handle than precious metals. As an example, would I pay with gold or silver for a track of land if the guy who is selling will accept crypto? I'd pay with crypto and keep my appreciating asset until a new more honest monetary system gets implemented.

"If the wallet is encrypted, it can't be stolen"
I disagree, anything can be stolen. If a robber put a gun to your child's head and told you to hand over your cryptos, you would do so stat!

[Ares]

"If the wallet is encrypted, it can't be stolen"
I disagree, anything can be stolen. If a robber put a gun to your child's head and told you to hand over your cryptos, you would do so stat!

Of course, as would anyone. But doesn't mean I also have to give the robber the password to unlock the cryptos. :)

I also backup the private key and would drain the wallet at my first available opportunity.

[Shami-Amourae]

Monero up 25% 32% today.
:rolleyes:

The price DOUBLED in one order spike on Binance today too.
All that crap I warned you about in my Monero shilling threads is likely going to play out now.