2Semana·

Gold Gold Gold, baby!

The price of gold $965515 (-2,1 %) has reached a new all-time high of USD 3,220 per troy ounce - in the midst of geopolitical uncertainty and trade conflicts. No wonder the run on the precious metal is currently so strong.

I personally hold a small position - but what's next?

- A new high?

- A long sideways phase, as we have seen more often in the past?

- Or will $BTC (+1,58 %) as "digital gold" and leave classic gold behind?

What do you think?

As always for me: gold only physically, more of a hedge than a speculative investment.

7 Comentarios

Epi@Epi

2Semana

The Chinese purchases have long been known and priced in. If it's in the press, it's in the price.

No, I think there will be a massive shift of US bonds into gold. US default is imminent and this needs to be hedged. Gold has a weighting of just over 0.5% in US portfolios. The long-term average is 2%. It could go there again under Trump.

My price target for gold since 2018 is around USD 4500 in 2026/27, but it could easily go even higher. It would be bad if the USD were to fall at the same time and the price rise were to pass EUR investors by. You need concepts...

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Rendite Rudin@RenditeRudin

2Semana

@Epi If it‘s in the press, it‘s in the price! Cooler Spruch und coole Analyse!

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TotallyLost@TotallyLost

2Semana

The way I understand it, gold is rising because the Chinese and Russians are buying gold... or at least have bought it. This has pushed up the price and attracted speculators and trend followers. I suspect they are currently driving the price.
That BTC will follow suit... is possible, but why should it? Is there a corrasion of BTC with gold? Not that I know of, the strongest correlation has $BTC with $QQQ

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Rendite Rudin@RenditeRudin

2Semana

@TotallyLost Absolutely exciting topic!
China is buying massive amounts of gold - that's clear. Unfortunately, the gold market is extremely opaque, especially when it comes to government purchases. I suspect that in addition to China, the USA, individual banks and other countries are also quietly increasing their gold reserves.

As far as BTC is concerned, I don't currently see a direct correlation with gold either. But since many refer to Bitcoin as "digital gold", I think it is legitimate to ask whether a shift could develop in the medium term.

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Tenbagger2024@Tenbagger2024

1Semana

At the moment I see a run in the mines, perhaps even more interesting than gold

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Rendite Rudin@RenditeRudin

1Semana

@Tenbagger2024 Well, the performance there is nowhere near as good as Gold. Do you have a recommendation so that I can take a look?

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Tenbagger2024@Tenbagger2024

1Semana

$BTO $ABX $AEM

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