Category: Gold

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Drugs Gold Oil

Is the end of Bitcoin Ethereym Cryptocurrencies near?

Will the Coronavirus kill Cryptocurrencies like Bitcoin Ethereum? appears that it is. Bitcoin dropped from $9k down to $4k within a few days now barely at $4k lowest to $3600 at some point, looking it is eyeing at $2000 or lower in the next few days if not weeks.

Look like Bitcoin got infected with the Coronavirus badly and it is in surviving mode, most people said now is the best time to buy, but apparently every buy order there are multiple sells orders, and daily trading traders blaming institution and retailers? read more

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Drugs Gold Oil

Bitcoin Ethereum and other Cryptocurrencies going downhill 2020?

What is the cause for Bitcoin Ethereum and other Cryptocurrencies to drop and keep on dropping while stocks are performing much better?

Well, my personal opinion is that like everyone guess, panic sell sold due to the Coronavirus scare, it will go back up once Coronavirus is over, but no one know when. It perform very bad comparing to stock market because it’s not stock market let keep it that simple. Stock market as many know are pretty stable if compare to Bitcoin and other Cryptocurrencies, it is more volatile still, although some may think it follow the stock market trend, not yet. read more

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Drugs Gold Oil

The world got impacted with the Coronavirus pandemic

Yes indeed. Just last night, president Trump announced travel ban to and from Europe, triggering the market the crash, already started with Bitcoin, in a few minutes with the stock market and eventually the whole world economy.

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Gold Oil

Gold vs Oil performance which one is more valuable?

What is more valuable gold or oil? based on inflationdata.com
Therefore, whenever one ounce of gold would buy more than 14.83 barrels of oil either oil was cheap or gold was expensive. … Over 10 years (by 1980), oil was up over 1000% but gold was up over 1600%.

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Gold Oil

What are the top commodities most traded? certainly not Gold.

The top ten most traded commodities in the world are:
WTI crude (oil)
Soyabeans.
Iron.
Corn.
Gold.
Copper.
Aluminium.
Silver.

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Gold

Is Gold better than Bitcoin?

AS of January 2020, according to investopedia.com “It’s much easier to get cash for gold than cash for bitcoin. In the limited number of exchanges that allow fiat withdrawal, all impose daily limits, meaning that bitcoin is not as liquid as it could be. People world-wide gold and are willing to pay for it while bitcoin’s market is limited.”

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Gold

When is the best time to buy Gold as an investment or storage value?

According to markewatch.com there was an article written about this question “when is the best time to buy gold?” Well it’s not a simple question or simple answer. Back in October 2019, “The best time to buy gold is in the first quarter of the year, between January and April. If buyers want to wait until the gold is at its lowest price drop, they should wait until March.”

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Gold

Are there gold on asteroids?

According to wikipedia: “S-type asteroids carry little water but look more attractive because they contain numerous metals including: nickel, cobalt and more valuable metals such as gold, platinum and rhodium.”

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Gold

No more oil left on Earth?

We’re talking about crude oil here, the type of oil that we use to burn and produce energy like electricity, can one day the earth have no more oil? Well according to wikipedia: “Oil depletion is the decline in oil production of a well, oil field, or geographic area. … The United States Energy Information Administration predicted in 2006 that world consumption of oil will increase to 98.3 million barrels per day (15,630,000 m3/d) (mbd) in 2015 and 118 million barrels per day in 2030.” read more

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Gold

What’s better than gold?

According to outsiderclub.com: “Two much rarer metals often fly under the radar: platinum and its close cousin, palladium. Platinum is much rarer than both gold and silver — so rare, in fact, that all of the platinum ever mined could fit into your living room. … Unlike gold, these metals derive much of their value from industrial uses.”

My personal opinion would be diamond, but that’s somewhat a different commodity.