138 138 correctly predicted forecasts
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Chris Lau

Sell Bitcoin @ $14389.66. Avoid Gold.
6 december

Money is debased from gold, letting central banks print as much money as they want. This is one reason Bitcoin is where it is.

Sell it. Even with the ~ 20% commission and low liquidity.

But don't buy gold yet.

Look at Barrick Gold - ABX:

$ABX, BARRICK GOLD Corp / H1

Gold Corp

$GG, GOLDCORP Inc / H1

Kinross Gold - KGC:

$KGC, KINROSS GOLD CORPORATION / H1

Agree or disagree?

Avoid bitcoin AND gold.

Disagree: buy bitcoin.

Answered:
18 people

Sell Bitcoin @ $14389.66. Avoid Gold.

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18 people answered this forecast.

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  • 1 1 correctly predicted forecast
    Crypto Floridian
    Are you hold BTC?
    Reply
    2
  • 138 138 correctly predicted forecasts
    Chris Lau
    Crypto Floridian, I like your name and know what you hold
    Reply
    0
  • 193 193 correctly predicted forecasts
    Max Grigoryev
    it took BTC 8 hours to run from 13k to 14k
    Reply
    1
  • 193 193 correctly predicted forecasts
    Max Grigoryev
    BTC is over $15k
    Reply
    2
  • 138 138 correctly predicted forecasts
    Chris Lau
    Bitcoin is $16749.99 US Dollar
    Reply
    0
  • 108 108 correctly predicted forecasts
    Long/Short Investments
    I think gold will be flat to down-ish as real yields increase in the short-term, but like it as a safe haven and diversification asset. Currently have it as a 6%-ish allocation and like to anchor it at around 5%.

    Over the past 12-18 months gold has shown great sensitivity to inflation expectations (i.e., the primary driver of interest rates and UST yields) than it has in the past. Gold-TIPS correlation currently around +0.70, normally only +0.20-0.25.

    No clue on BTC, will start selling the very modest amount that I have if it approaches $20k.
    Reply
    1
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