Because you can not create gold. As you can with diamonds and other stuff. All gold on earth was maid long time ago with big temperatures and massive pressure when earth was forming. And thats it. All other things can be created like cryptocurrencies example. So thats why is gold always on top! And will be in my opinion, and it should be.
Actually gold was not created on Earth through high temperatures and pressures.
It was actually created in the center of a star when it went supernova.
so we must assume that in the other solar system there is plenty of gold?
when we get there one day, gold value will most likely to be dumped
Why would you spend multiple trillions of $ to travel interteller space to mine gold just to bring it home, crash the gold market and make it worthless lol
You need to rethink your argument.
If the thought of this prevents you investing in gold I am surprised you risk investing in bitcoin which i far more likely to be dumped in our lifetimes
Well, not necessarily. What if one day a big meteorite made of pure gold will hit the earth?
But seriuosly gold is already losing its value. It's just the matter of time for people to realize that wearing golden watches or other golden jewelries is OUT. If gold will be valued only as precious metal and not as jewelry its price will drop dramatically.
Gold is actually up 17-20% year to date.
A lot of people on this forum obviously see gold as a threat to bitcoin for some reason. Their arguments against it are weak at best or just made up.
-It is not hard to buy gold.
-It is not hard to sell gold.
-It is not hard to store gold, 10
BTC (which most here dont own) would buy you just this amount of gold -
-Gold price is increasing due to global economic panic not decreasing.
-Supply is limited - there will be no interstellar gold mining or pure gold asteroids any time soon.
-Gold has proven itself to be a reliable store of wealth for 1000's of years and not just 7.
-Gold lasts forever, you can bury some today then dig it up in 50 years and it will look the same.
All the above is based on fact and the experience of someone who actually owns a fair amount of it and not someone that just reads crap on the internet.
