Dynacor Group Inc T.DNG

Bullish call on Gold for 2023

[Torontojay]

Next years story will be the resurgence of Gold. I expect Central banks all over the world will rally against the $US as they play catch up in 2023. Real interest rates, nominal minus inflation, will fall and with that you will see a drop in US $'s. The recession will change peoples risk tolerance as money will begin to flow into gold when nobody wants to own the greenback, crypto or stocks anymore. 

Be patient and play it smart.

[yureja29]

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[yureja23]

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[yureja42]

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[stockfy]

Gold will move sideways in 2023.  If we see a breakout, it will be short-lived.

[Torontojay]

  Here is my take.  The collapse in crypto. The fall in the $US and the drop in short term rates will usher in a new era for gold. 

[Moogul]

Unless the US outright bans Crypto, it ain't going away.  And I bet it will continue to March higher over the years and will likely outpace gold imo. Not always, but over the long run. 

[Moogul]

Minus the shite coins 

[Torontojay]

  It could outperform gold over the long run but because of the volatility, investors may actually lose more money in crypto than the less volatile gold price. I.e, investors buying high and selling low due to the volatility.  Call me old fashioned, but I've always preferred something more tangible than crypto. As real interest rates come down; for instance, the Fed pivots