Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
In 2013 the central bank in Germany said it wanted its gold back from the UK, France and the US. Heres the thing, Germany does not want all of its gold back.
As it is going through its election cycle, there are specific factions of the German government that are pushing to get German gold back to domestically being held. The German elections are in mid-September, it is not a coincidence that this happened just before that. It was to appease political dynamics as well as leasing development of gold
Bitcoin is a very small market cap compared to gold. I dont think it has much impact on gold and looks like a bubble right now.
As someone who has been around Wall Street a long time Ive seen a lot of different tricks of the trade and frauds that come and go. I am seeing all of the various schemes in bitcoin right now. Theres good forensic evidence that there are people doing wash sales right now and the suckers dont know they are getting sucked in. Gold is still the ultimate safe haven
I expect to see gold hit $5,000 and eventually to $10,000 an ounce. Maybe not tomorrow or a couple of years but that is the fundamental price of gold as money.
In a recent conversation with legendary commodity investor Jim Rogers he indicated to me was, nothing goes to that level without a 50% retracing before it resumes its path upwards. Moves happen very fast. The question is, what are the catalysts that could take it higher?
People can and should be allowed to buy bitcoin, but the US Government will in time call them traitors, or terrorists, and seize their assets.
How much is your BTC worth in Huston BTW. ... best
As it is going through its election cycle, there are specific factions of the German government that are pushing to get German gold back to domestically being held. The German elections are in mid-September, it is not a coincidence that this happened just before that. It was to appease political dynamics as well as leasing development of gold
Bitcoin is a very small market cap compared to gold. I dont think it has much impact on gold and looks like a bubble right now.
As someone who has been around Wall Street a long time Ive seen a lot of different tricks of the trade and frauds that come and go. I am seeing all of the various schemes in bitcoin right now. Theres good forensic evidence that there are people doing wash sales right now and the suckers dont know they are getting sucked in. Gold is still the ultimate safe haven
I expect to see gold hit $5,000 and eventually to $10,000 an ounce. Maybe not tomorrow or a couple of years but that is the fundamental price of gold as money.
In a recent conversation with legendary commodity investor Jim Rogers he indicated to me was, nothing goes to that level without a 50% retracing before it resumes its path upwards. Moves happen very fast. The question is, what are the catalysts that could take it higher?
People can and should be allowed to buy bitcoin, but the US Government will in time call them traitors, or terrorists, and seize their assets.
How much is your BTC worth in Huston BTW. ... best