Hello trenders,
Gold... the precious metal to back up the modern economy as we know it.
Potentially to reach the last spike of 2400 usd levels or a double top but nah it will not probably.
Well I got news for ya, who back up gold, (a printer or nukes) ?
Can´t eat it, can´t really see it or no transparency behind the curtains, so unless used for technology (dead capital) is just useless.
Is not a value on demand or indispensable to live and just because someone says is worth it it doesn´t really has a value for all.
I can claim I have 1 million ton of gold in my basement and continue getting credit for a while but wait isn´t that another bubble?
Will come out eventually and now seems about time. New economies are emerging with new markets and creativity including blockchain.
Reasons to short:
1- Inflation adjusted chart looks bearish.
2- Indicators like CPI and momentum (RSI,MACD) are bearish.
3- the economy is not anymore centralized (stronger now, many pillars).
4- pandemic was the bottom of economy, even a bubble can´t be global.
So friends to conclude I am not saying gold will crash, just can´t be so egocentric anymore.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
Gold... the precious metal to back up the modern economy as we know it.
Potentially to reach the last spike of 2400 usd levels or a double top but nah it will not probably.
Well I got news for ya, who back up gold, (a printer or nukes) ?
Can´t eat it, can´t really see it or no transparency behind the curtains, so unless used for technology (dead capital) is just useless.
Is not a value on demand or indispensable to live and just because someone says is worth it it doesn´t really has a value for all.
I can claim I have 1 million ton of gold in my basement and continue getting credit for a while but wait isn´t that another bubble?
Will come out eventually and now seems about time. New economies are emerging with new markets and creativity including blockchain.
Reasons to short:
1- Inflation adjusted chart looks bearish.
2- Indicators like CPI and momentum (RSI,MACD) are bearish.
3- the economy is not anymore centralized (stronger now, many pillars).
4- pandemic was the bottom of economy, even a bubble can´t be global.
So friends to conclude I am not saying gold will crash, just can´t be so egocentric anymore.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.