Gold

[gmatt]

You're right there Wiz ......... was a great day for the goldies

[JBmurc]

Gold up AUD $75 oz
$2,533 oz au

[airedale]

https://thedailygold.com/will-gold-s...tical-in-2021/
I am positive on gold for a number of reasons this year, as is Jordan Roy-Byrne but before it goes "parabolic" {as Skol would have said, before he was banned}.....Jordan is looking for a monthly close above US$2,000. Sometime this year.

[JBmurc]

Huge day for nearly all of my Goldies and even other resources shares have had a cracking good start to the new year ....I know it won't last ....but another few weeks would be brilliant

[troyvdh]

LITHIUM LITHIUM.....has the Clutha river been behaving.

[JBmurc]

LITHIUM LITHIUM.....has the Clutha river been behaving.

rain has finally stopped ... never seen rain like it since we have lived nearby Lake Dunstan (use to be part of upper Clutha)

Lithium yes got LRS options ... had good rebound yesterday but flat today 2.1c ... actually very good buying with 2yrs to expiry ex.price only 1.2c (head share 3.3c so major leverage well in the money play)

[Crypto Crude]

https://www.google.com/amp/s/www.coi...aphics%3famp=1

There is growing evidence that since at least October Money has been pouring out or Gold and into bitcoin and cryptocurrency... when gold sells off bitcoin is rising ...

"This week, financial advisory firm deVere released the results of a survey of over 700 of its millennial clients, which showed two-thirds of them prefer bitcoin to gold as an investment. This means any new savings entering the market may be almost 70% more likely to be put in bitcoin than into gold."

[Aaron]

https://www.google.com/amp/s/www.coi...aphics%3famp=1

There is growing evidence that since at least October Money has been pouring out or Gold and into bitcoin and cryptocurrency... when gold sells off bitcoin is rising ...

"This week, financial advisory firm deVere released the results of a survey of over 700 of its millennial clients, which showed two-thirds of them prefer bitcoin to gold as an investment. This means any new savings entering the market may be almost 70% more likely to be put in bitcoin than into gold."

It is interesting, both are supposedly a currency and a store of value, also possibly a speculative bet as there is no income generated by either. It will all come down to people's perception. Bitcoin wins hands down on the speculative front as far as gains are concerned. Only time will tell which is a store of value or if either of them are a store of value. Certainly a new digital currency would seem more likely if a reset of currencies are required. Also some big names in investing and banks are getting involved in bitcoin.

[peat]

Bitcoin wins hands down on the speculative front as far as gains are concerned. Only time will tell which is a store of value or if either of them are a store of value.

I think time has told us that gold IS a store of value despite it failing any asset valuation test based on its future discounted cash flows as Snoopy uses to deride bitcoin (in fact all crypto)

So gold is the perfect example of why the DFCF test might not be the only useful asset valuation.
I still like to think there should be some yield potential from an investment though, and that the investment doesn't completely hang on finding another sucker to buy it off me.

[Crypto Crude]

It is interesting, both are supposedly a currency and a store of value, also possibly a speculative bet as there is no income generated by either. It will all come down to people's perception. Bitcoin wins hands down on the speculative front as far as gains are concerned. Only time will tell which is a store of value or if either of them are a store of value. Certainly a new digital currency would seem more likely if a reset of currencies are required. Also some big names in investing and banks are getting involved in bitcoin.

Buddy,
This is actually not true that crypto does not generate income......
With the explosion of decentralized finance (defi) you can stake you coins and get a financial return off them... paddles is actually generating nice income aswell as appreciation of assets...
...
Crypto is in a super cycle with crazy upside this year I would expect gold and precious metals to sell off as people switch their money to those savage returns....
cc