The higher crypto goes, the lower metals go
TwoSides2aCoin
Posts: 44,364 ✭✭✭✭✭
Or is this just my imagination ?
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TwoSides2aCoin
Posts: 44,364 ✭✭✭✭✭
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A large amount of money is moving from metals and short-term money funds (lower savings interest rates now) into tech stocks and crypto.
FOMO on their euphoric momentum rise. It is hard to know where this will end, billions are moving into crypto and AI stocks and related ETF's.
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Setting up another .com craze (and potential/eventual bust)? Perhaps.... this time..... really IS different?!
But meanwhile, I suppose, much money to be made.
tulips
I knew it would happen.
As the saying goes, get on the train or get left in the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Ummm.... sometimes it's best NOT to get on the train.... may be taking you somewhere you do not want to go. Just sayin'....
In the aggregate, without crypto/BTC....gold would almost certainly be higher, yes.
At the same time, gold and crypto/BTC have both gone up at the same time. When crypto/BTC go parabolic, that is where gold gets hit.
There's no doubt if you purchase "digital gold" you have less need for the real one.
My contacts from 30-plus years of investment management experience and 2 PB tenures tell me that newer crypto/Bitcoin buyers are taking $$$ from stocks, esp. speculative stocks, rather than bonds or money market funds.
It's definitely getting lots more attention than a few years ago, let alone a decade ago.
Interesting. Still, a lot of folks are selling, or not buying as many, mid and longer-term bonds as their rising interest rates confirm.
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VIX (UVXY up 42% in past week) is starting show this.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The lower crypto goes, the higher metals go.
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At least one could smell and enjoy their craze.
Crypto is 1s and 0s.
Gold is gold.
fka renman95, Sep 2005, 7,000 posts
None of it is as good as cash in hand.
Gold is good for when the cash is worthless.
Digits (of all kinds) are good when speculating via the internet.
There should be enough cash under your mattress to get you through an internet blackout.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It's like that JC song "I've been Everywhere" I've got cash everywhere man! My wallet, the bank, my bug-out vehicle, even got some down in the ole bunker. Personally, though I still prefer the Au. RGDS!!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™