/biz/ - Business & Finance

>>2326982
Gold will a dip experience this week and probably following into the next, after Comey reveals fucking nothing (as there's literally nothing to reveal), and after conservatives in the UK squeak through a win. I'd say wait at least a weak to anyone taking a derivative position. I'd say any time would be good to buy physical gold.

>>2327021
*experience a dip

>>2327031
its just that im hearing all this hype on Ripple or Ethereum i dont know if gold is the way to go.
But thanks anon

>>2327021
just out of interest, since I don't invest in gold:

presumably gold will go down if conservatives win:
- because conservatives will be less inclined to spend and borrow
- and borrowing would effectively amount to printing more money
- which would mean the value of the pound would remain stable (less inflation)

but if labour win they would borrow a load of money thus devaluing the pound thus making it better to put your money in gold

sorry if retarded but does this make sense?

>>2327430
The only macroeconomics that influences gold price is the US' (and the inflation/ gold price relation applies there too). The reason why gold will likely dip slightly is because the market "expects" conservatives to win, if that doesn't happen it would be a shock for the market, and gold would likely rise.

some analitic:
https://pastebin.com/HaUFmW0f

>>2326982
well gold/silver has got shit returns in the past many years, vs 10,000% gains in random cryptos.