Alio Gold Inc. T.ALO

interest rates

[bobofet]

So it seems pretty well a sure thing that interest rates will be going up probably 4 times this year....  how do you feel about this and  the way it can affect gold prices?

[Goldhound3]

I thought this stock is valued around 10 bucks why cant we even hold 4 bucks...

[bobofet]

The term( valued at) has a very diverse range in meaning... valued by whom,  someone that matters ,, one who knows, speculators... the value is what it is.  My humble opinion is gold is not in favor,,, the reasons to own gold seem to have dissipated,  cryto currencies are the rage of the day as people seem to be making money on these,,,,,      so  why own gold

[InvestorGo]

You have a valid point that gold is having less buyers compared to 10 years ago but don't forget that Gold is consumed as jewelary in the world, it is not only a hedge assets like cypto currency which is used by very few compared to gold consumers. 

[bobofet]

True  and yet here we are  gold above 1340  and the likes of Barrick, Goldcorp in the 16 to17 range  never thought I would see the day.... as for cryptos  I thinks its not an investment, just people jumping on the band wagon with the odds of it blowing up greater than most.I really see the only thing propping up gold is the dollar and the volatility factors.  Im not