The Unicorn silver rounds
Hi Steemians
No rate hike for 2019, and precious metals price went up . No rate hike is bullish for precious metals as they are priced in dollars. So 2019 could be a good year for PMs, but nothing is certain and they might change their mind in the next meeting.
Steem price is also up.
These are the Unicorn silver rounds from intaglio mint
The back of the rounds
A closer look at the Unicorn coins
I have been hearing about basel 3 which is happening end of March. Many people think it's a big deal for gold, as the Bank of international settlement which is located in Basel will put Gold as tier 1 assets, used to be tier 2 or 3. Not too sure what it would mean though.
@djohan,
Wow I could remember you once show a Unicorn coin before! But this one also more stunning than the previous one and precious too!
Cheers~
thank you theguruasia, i think that was pegasus, looks similar but unicorn have 1 horn
@djohan, glad to see you continuously buying silver rounds. These unicorn silver round's front look some attractive but back design not attractive to me. However patterns not important than prices.
thank you madushanka, yes the back is just the symbol of the mint and all look same, front more interesting look
these asset tiers I wonder what they are will look them, thanks for sharing
thank you bitcoinman, yes it's good to do some research to understand it more, i think tier 1 is the least risky assets compared to 2 and 3, so the hope in gold investors is that the bank would hold more gold as it is now considered tier 1
I found some stuff online about it but its a little overwhelming so much information and a lot of things I don't know about https://www.bis.org/bcbs/publ/d424_hlsummary.pdf
No way they can raise rates. They are precariously holding all together globally. Look for what is to happen on march 29th with Basel 3 accord — gold = Money ....lots of speculation.
thank you floridanow, yes the market is already down now, raising rates would cause a panic in the market, but not raising rates would be bad for the dollar, so doing nothing is the only option left, we have been told about dates for the big one many times, but still 29 march would be interesting
https://www.kitco.com/commentaries/2019-03-18/Is-March-29-2019-the-Day-Gold-Bugs-Have-Been-Waiting-for.html
I subscribe to a few financial newsletters and there is a dramatic shift recently to gold and SDR.
thank you freedomshift, what i think is happening is Tier 1 being the least risky asset, meaning the banks would want to hold more of it causing higher demand for gold
Hi @djohan ,It is speculated too much, nobody has the last word, in fact I am simply informing myself with my son.
I like the coin, the unicorn is beautiful, in this coin , or anywhere.
Blessings
thank you martha75, yes it is still speculation at this moment, but interesting to follow and need to be prepared.
I don't know about precious metals market but definitely is a big refuge when the economy goes down. Regards
thank you dim753, yes it is a good place to store your purchasing power
Unicorn silver coin is great saving . is a nice work. a really enjoy it.
Thanks @djohan
Have a nice day
thank you goldcoin, your comments have been flagged
Another nice find :-)
thank you manorvillemike
Nice coin . Front side design is attractive .
thank you pardeepkumar, yes the front is nicer