Post
Topic
Board Economics
Re: Why gold price going down?
by
ivan.daineko23
on 01/10/2016, 18:13:28 UTC
Why is gold price falling now, even when bitcoin price going up?


I want to know that.
The gold is there are different types of low quality and so high quality. The gold market if suply is small the gold price is increase but if the suply is plenty now the gold price is going down.
The bitcoin has nothing to do with the gold because they differ bitcoin is up and down the price increases if the price of bitcoin due to traders and miners . So if the price increases of bitcoin will not affect the gold even the price of bitcoin drop.

Both gold and bitcoin are storage of value. But the bitcoin will rise fast as it is under constant development.

I believe that the fall in gold prices is a temporary phenomenon. The vibrations that typically occur. A bitcoints more dynamic and more visible growth