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Topic: Gold bubble and Economic situation more what to expect - page 2. (Read 548 times)

hero member
Activity: 2674
Merit: 696
Dimon69
Gold bubble? What do you mean? Precious metals are safest haven. It is absolutely more reliable than fiat money.
As of these days due to continues issues or crisis in different countries. Some commodities were getting difficulty that makes their value lower. It is safer in terms that we can hold it till it regain it's value or after this crisis over everything will make grow again. Stocks were making it hard to to grow but take this crisis into opportunities to buy at discounted prices.
sr. member
Activity: 644
Merit: 364
In Code We Trust
Up to this point, OP's user name makes me go back to the history about mercantilism, this is when people tend to consider buying gold and silver to consider economic improvement and stability. Though, I really wonder why OP said about gold in a state of bubble. Because in bitcoin, yes, probably bitcoin is somehow having a bubble like characteristics, but with gold, I don't think so.

Going back, having bitcoin backed by Gold could possible make bitcoin a safe haven as well, as could see, gold is having a steady market price increase compared to bitcoin that fluctuates every time, maybe its status could be influence if we invest using gold and reconsider the idea of mercantilism.
sr. member
Activity: 1148
Merit: 268
Gold bubble? What do you mean? Precious metals are safest haven. It is absolutely more reliable than fiat money.

No one can say exactly which is more reliable The same is true for gold in crypto work  It is very difficult to determine when one will go down and up Neither of the two can be called reliable when it comes to disaster it's better to save your capital.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
There is no such safe place where you could keep your assets without fear that they might depreciate.
Gold at least has a physical nature and is a rare precious metal, which in turn makes it very valuable to people.
Also, any physically useful assets that have, as I said, physical referents in the real world, will be just those saving things for your current assets in times of crisis or global catastrophe.
unfortunate what you say is very true because everything has risks but when you really want to save an asset it is better to have a physical form like gold which in my opinion is still very safe for long-term investment and gold is the safest asset because it is not need electricity or anything to make a transaction.
sr. member
Activity: 396
Merit: 250
As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.
Gold and bitcoin are heaven yes as per IMF recession is close and china epidemic is bought pulled recession closer stock markets are bad now
if you think gold and bitcoin is not heaven then what will you do it with your money where will you invest options are less or none , what I say I don't play with money in this type situations' you can lose what ever you gained from years ,

keep close on IMF reports and economy data and play smart
legendary
Activity: 2576
Merit: 1860
As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.

With all due respect, I don't think the value of gold is based on a bubble. Gold is still a safe haven for me. If you invest in gold, its value may fluctuate but it will never fall down to zero. That would be impossible. In fact, in the long term, the value of gold will rise for sure. I cannot see any reason why its demand would totally crash. Perhaps if a huge number of alchemists would suddenly mysteriously pop out anywhere in the world and turning stones into gold, the value of gold would turn into nothing. But if the natural supply of gold will remain as scarce as it is in reality and hard to mine, it will remain as precious.
hero member
Activity: 1862
Merit: 830
I do think when we put our investments in something we need to understand that it is going to go down and it is going to go up too , that's how we earn , that's like the basis .
Now when we talk about gold I firmly believe that it is way way safer.
Sometimes even safer than the currencies of various countries, considering how gold is in limited quantity and at the same time there will never be enough women put there who want to actually buy jewelery and stuff it will always be in demand trust me.
My whole family is in the Gold business and they have continue to thrive since decades.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.

I'm not a gold bug which means that I disagree with people who blindly follow gold all the time, without considering any market cycles and entering the market at the least opportune time and thinking they can just 'hold it out'.

But right now, gold is undervalued in my opinion especially with all the trade tension internationally. I think that it's only a matter of time before precious metals gets its bull phase of the market cycle.

Silver did drop below $17 which surprised me a little bit. Again, I don't think that it'll regress fully back to $14-15 at the start of the year. Right now would be a good spot for long term accumulation.
True. Gold is underappreciated as of the moment and it's worrying too. For cryptocurrency  investors who have placed a considerable amount of investments here it won't affect them much because they can just pull out money from their account whenever they feel the need to. However for people who have only invested as a means of added profit and those people who haven't really invested at all, it's going to be hard for them. Gold is under the same governing system as dollars, and that pretty much means that if Gold drops, there is a high tendency that dollars will drop too. It could've been good if not only for the fact that most of who will be affected will be the common people. While the rich will still wallow in their money.

I hope gold balances itself out anytime soon. Just because we invest on something doesn't mean we should hate other assets though. After all cryptocurrencies and gold exist in a different investment environment so I don't see the point of hating gold or its followers. Gold's shiny and beautiful after all.
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
There is no such safe place where you could keep your assets without fear that they might depreciate.
Gold at least has a physical nature and is a rare precious metal, which in turn makes it very valuable to people.
Also, any physically useful assets that have, as I said, physical referents in the real world, will be just those saving things for your current assets in times of crisis or global catastrophe.
jr. member
Activity: 45
Merit: 3
Gold bubble? What do you mean? Precious metals are safest haven. It is absolutely more reliable than fiat money.
legendary
Activity: 2996
Merit: 1188
Gold is actually a very old bitcoin and people are having hard time understanding the connection between them. Right now, you do not go to a store and spend gold, but back in the day that is exactly what people did, back in the day there were gold coins where you melt gold and turn it into coin so you can spend it in places, sometimes it was a small gold coin, sometimes it was a gold bar but eventually you did spent it, it was money as we know it.

Obviously, there was cash created afterwards at some point and that turned out to make it easier to spend money and banks managed to turn "this is proof of how much gold you have" into something totally different but like bitcoin gold used to be just a way to keep your wealth regardless of how your country is doing plus being able to spend it, now bitcoin just turned into a version of gold that could be spent very easily as well.
legendary
Activity: 1918
Merit: 1728
Nothing has 0 risk. We consider bank rate to be risk free which is also not 100% risk free as hyperinflation and bad economic condition can ruin your investment. When it comes to investment, knowledge and how well your investment is hedged is important. You need to be well versed with the economic condition of the country as well as the world. Gold and Bitcoin can be a safe heaven in case domestic currency performs bad. But they themselves are dependent upon many factors which need to be kept in mind in case of diversification.

But ain't both of them common to every investment?
If inflation is prevailing in the country, it is going to impact returns on all kind of investments. Suppose gold has given me 11%, to reach real percentage of return, I have to deduct inflation rate from 11%. Bank rate is no different. But the good thing about Bank rate is we can ascertain fixed return before hand. So only factor we have to speculate is inflation rate or Present Value of future return.
I have my total net worth divided into 3 parts - one in cryptos, one in market securities like share and mutual funds and third in banking channels. If I consider the return in last 3 years, banking channels have given me the best return. Before choosing the type of bank deposit, first step is to ascertain your need from deposit. For example, if your only motive is to counter inflation - you can keep money into saving deposits. In India, I can easily counter inflation plus make good over-the-inflation returns with fixed deposits.
hero member
Activity: 1078
Merit: 507
As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.
Nothing has 0 risk. We consider bank rate to be risk free which is also not 100% risk free as hyperinflation and bad economic condition can ruin your investment. When it comes to investment, knowledge and how well your investment is hedged is important. You need to be well versed with the economic condition of the country as well as the world. Gold and Bitcoin can be a safe heaven in case domestic currency performs bad. But they themselves are dependent upon many factors which need to be kept in mind in case of diversification.
jr. member
Activity: 392
Merit: 7
As I predicted here the Gold bubble Will pop.

Can you tell more please. So Gold bubble will pop after I guess decades. When it will pop and at what price you expect is will settle then?

Gold Will fall 30% this year! 
If the Bulls Step in Price might recover..likely.
sr. member
Activity: 1274
Merit: 293
As I predicted here the Gold bubble Will pop.
Gold is a bubble? More like related to fiats  I think.
Quote
People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 
Well no. Gold has been and will always been a safe haven. It is been used to store value specially big businesses men. Gold has been quite used by big business, companies or investors  so, therefore we could not just right away say that gold is not a safe haven.
Quote
Your best safe heaven is knowledge and information.
Of course, always been but with an appropriate or more like a sufficient knowledge will just be a waste if there are no platforms such as gold worthy of being safe haven will be use right? So it is not about the knowledge itself but the stuff that will be use.
hero member
Activity: 1666
Merit: 753
As I predicted here the Gold bubble Will pop.

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

Your best safe heaven is knowledge and information.

I'm not a gold bug which means that I disagree with people who blindly follow gold all the time, without considering any market cycles and entering the market at the least opportune time and thinking they can just 'hold it out'.

But right now, gold is undervalued in my opinion especially with all the trade tension internationally. I think that it's only a matter of time before precious metals gets its bull phase of the market cycle.

Silver did drop below $17 which surprised me a little bit. Again, I don't think that it'll regress fully back to $14-15 at the start of the year. Right now would be a good spot for long term accumulation.
hero member
Activity: 2576
Merit: 666
I don't take loans, ask for sig if I ever do.
Well, gold is considered as something to fall upon whenever a global crisis attacks the economic market. There's different uses for Gold, BTC and Fiat so considering them together might be a bit difficult.
Gold, with its steady value, is a good factor, especially for banks, whenever a global economic crisis occurs, just like what I said earlier. But it isn't really suited for everyday uses, and that's where Fiat comes to.
BTC, on the other hand, is a type of virtual currency, which banks have no hold into so users can have more anonymity when transacting with others. It is relatively new and most of the population hasn't accepted it and maybe don't even know about it, and this makes BTC fall back a bit compared to Fiat. We may see progress in the future, but as of today, those are the roles of each in the market.

Oh and also note, there was never a Gold bubble (as far as I know) since its value has been steady since like forever.
sr. member
Activity: 868
Merit: 266
Gold is mostly a safe haven whenever there is a serious or a global economic crisis that's when investors tend to invest into gold and makes the value skyrocket over a short period of time. But somehow during the 2008 great recession the value of gold seemed to drop instead of going up which seemed to be the norm during every financial crisis.
copper member
Activity: 242
Merit: 18
Proof-of-Stake Blockchain Network
Sure, there is no safe heaven. Well, except the real heaven itself, which unfortunately is not on earth. Lol. However, we can better place our selves in someplace close to safe heaven.
The best place close to safe heaven is not just the knowledge and information we get but its utilisation.
That is why the saying goes: Knowledge is power.
Having said all that, I think ‘safe heaven’ can be relative. Some see gold as a safer heaven while some go for Bitcoin.
legendary
Activity: 2730
Merit: 1288
As I predicted here the Gold bubble Will pop.

Can you tell more please. So Gold bubble will pop after I guess decades. When it will pop and at what price you expect is will settle then?
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