Gold is still in Bull, till 2020.
A new high can be expected within 4 years,
possible high is 1952.
Then, will be in bearish market for 10years, till 2030.
A new high can be expected within 4 years,
possible high is 1952.
Then, will be in bearish market for 10years, till 2030.
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I'm concerning about an innovation on paper currency in 4-5years, as i've mentioned before, which supported my long term view on Gold.
I'm focusing on the news about the changes, and will record in this chart for following up.
I'm focusing on the news about the changes, and will record in this chart for following up.
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News1:
Asahi news, Jun 10
Bank of tokyo-mitsubishi UFJ will issue digital currency in next autumn.
There's more than 600 kinds of digital currency, like Bit coin.
However, due to legal tender, such as the yen exchange rate will change, it's easy to become the object of speculation. That is a barrier to prevent digital currency popularization.
If "MUFG Coin" is issued by the big Banks and fixed with the yen's exchange rate, it may rapidly promote to use digital currency in our daily life.
Asahi news, Jun 10
Bank of tokyo-mitsubishi UFJ will issue digital currency in next autumn.
There's more than 600 kinds of digital currency, like Bit coin.
However, due to legal tender, such as the yen exchange rate will change, it's easy to become the object of speculation. That is a barrier to prevent digital currency popularization.
If "MUFG Coin" is issued by the big Banks and fixed with the yen's exchange rate, it may rapidly promote to use digital currency in our daily life.
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News 2:
Financial Times, Aug 24
The world's 4 biggest Banks,UBS etc., have joined cooperative r&d started a new form of digital currency. They believe that this digital currency will become the standard of using block links for financial clearing and settlement transactions, block link is the supporting technology of the Bit coin. This is the first cooperation between big Banks on block link technology.
Financial Times, Aug 24
The world's 4 biggest Banks,UBS etc., have joined cooperative r&d started a new form of digital currency. They believe that this digital currency will become the standard of using block links for financial clearing and settlement transactions, block link is the supporting technology of the Bit coin. This is the first cooperation between big Banks on block link technology.
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The Case for Unencumbering Interest Rate Policy at the Zero Bound
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From the text of paper presented at Jackson Hole 10:00 am Mountain Daylight Time, August 26, 2016
paper money will become toilet paper in some country.
However,can human back to gold standard system? If not, virtual money will go popular in later 4-5 years.
At the time gold currency function will losing
i believe that's the trend of currency
in future.