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Gold vs USD vs Bitcoin

Cory
October 7, 2016

Here is a straight forward info-graph on the benefits of gold vs the US Dollar vs Bitcoin.

Here is a straight forward info-graph on the benefits of gold vs the US Dollar vs Bitcoin from the creators along with a quick recap on gold based on what’s been in the financial news lately…

The gold price continued its largest decline in 15 months Thursday. Since the opening of US trading at 9:30 EST on Friday, December gold futures (GCZ6) have gotten out of the 1260s and are now trading in the $1256-1259 range. The drop in the pound last night coincided with a drop in gold futures around 7pm-7:15pm EST Thursday. GCZ6 hit a low of $1252.5 and rebounded overnight to $1266.09–a higher high than last night’s rebound, which reached $1261.3 at 9:34pm.

According to this table from a gold IRA company, gold and the US dollar are both liquid markets, and it shows whenever you get responses like what we saw overnight. French President Hollande emphasized that Brexit would not be free for the UK, which everyone essentially already knew, but bringing the idea of “economic and human consequences” into the discussion along with talking points like calling the departure a “hard Brexit” sent the pound falling against the dollar.

rosland_gold_traits_table_x2-2

Discussion
3 Comments
    Oct 07, 2016 07:03 PM

    GS says we might see gold bottom early next week.

      Oct 07, 2016 07:33 PM

      I have to agree with GS.

    Oct 08, 2016 08:01 AM

    As soon as China comes back from their national holiday, they’ll start buying again.