You are reading a single comment by @Gren and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@Gren
$100k is going to be a a psychological barrier, so I'd expect a touch and then a retraction. Then a slight pass and another retraction, then through and UP. If Corporates and Nations are seeing it as being the new "Gold Standard", and get FOMO, then we are going to see volumes like never before, and the supply/demand dynamic will power the next price run up. Until BRICS or USA define the replacement for the FIAT $ and Gold, it's got to be a good place for - well timed - investment. The most recent Doubling was in April, so that is yet to mature, and it's generally the start of an upward trend; although the Trump election may have banked much of that gain already, so once he is sworn in, and the reality of Governmental inertia and International problems strike, a pull-back is not out of the question IMHO.
As a Consultant once said "Advice is worth what you pay for it, free advice doubly so" ;-)