Topic: Gold Price Prediction & its impact on cryptocurrencies - page 3. (Read 1055 times)

There is no one who don't know to gold, although the price always increasing there will be many people who still buying it, that's is the power of gold. Yeah, I just hope it will continue until whenever. So as bitcoin will be considered as a digital gold by most people. I know a few months ago gold has touch its new all time high and also bitcoin touch $12.000 for the second time after slumped down form its all time high. And I just guessing if the investor gold have invested as well in bitcoin.

Inflation lowers a country's economy a lot the gold market usually depends on the country's economy when the economy goes down the gold market goes down a lot. But it has no effect on crypto is decentralized and has nothing to do with economics Bitcoin investment is better than gold. Bitcoin is not under the control of the government. As the gold market applies to Fiat currency the government now pays tax subsidies. The safest investment in Bitcoin is to make a profit when the price rises.

The gold price will continue to rise as long as women like it, and people use it as a symbol for love, marriage, and wealth. Regarding the impact on crypto, of course there is, because some people (a very small group) consider both as substitute goods. The question is whether it will be significant or not. IMO it won't be significant.

Well it has its ups and downs so we can't really say that it is a safe investment. There are a lot of factors that could affect gold, even the pandemic affected its price. Bitcoin may dump at that time but we never know. During the pandemic btc went up to $10K, dropped to almost $4K then stabilize and went up to $11K then went back to now $10K. Bitcoin is already a good investment, it is volatile, yeah but within these changes it gave me some good profits, gold can't do that.

Sure, when there's too much money, people buy finite assets like real estate, gold, Bitcoin, and blue-chip stocks.
Can anyone know how much extra money they'll print next year?
Hoarding finite assets is a smart investment, good anti-inflation, and stable value increase.

I mean, there is always a chance for such thing to happen in this unpredictable world.
However, my inner analytical sense tells me that gold is a thing that could hit $1k per gram in 5-7 years and history clearly shows us that gold's growth is stable, but the pace is not as fast as crypto's for instance

Exactly. I would say that the dip during 2012-14 was a small correction after the impressive rise in 2001-11. But we need to admit that gold is also a very volatile asset. Its valuation can go up or down by as much as 50% in a single year. Even this year, the gold price have gone from $1,500 per oz to around $2,100 per oz, before slightly correcting to $1,928 per oz. But all of us can agree that gold will give very good returns in the long term.

I don't think the Gold price prediction will have any effect on cryptocurrency. Because both are feasible as investment options this year.
Since the beginning of the year I have even invested in Gold, because Gold has indeed been a safe investment for a long time. So from
that in my opinion it is wrong if someone compares between Gold and Bitcoin, don't compare the two, because they are two different things.
But both are very worth buying this year, for Bitcoin it is a little riskier compared to Gold. But if we analyze deeper and see Bitcoin fundamentals
are getting stronger. There is no reason not to invest in Bitcoin.

Tbh, anything that gets too much higher in demand due to the fact that it's being seen as a safe haven asset to invest into, but has a very limited supply to serve against that demand, then the value of that thing will definitely rise. Say for example, think that you and me are the very first people who took birth on the earth. We learnt values. You've got food because you're, let's say, a farmer and I've got clothes as I'm (let's assume) a tailor. You live at a place where there's too much winter but you have some reserved food for yourself that can save you from that winter (but not forever). On the other hand, I live in an area where everything remains too hot (summer tbh) and I can't manage any cold food that could cool down my stomach but you have it. What will we do? Trade. You trade your food for the clothes I have and I'll give you clothes for your food. But you have the power here as you can ask for more because you've got something that needs to be consumed daily while a pair of clothes are enough for you to survive, but you'll still take more because either your greed or need will make you do that and I'll even give more clothes to you because I know that food is all I need to survive (we can't eat clothes eh!). But TBVH, I don't think Gold can ever reach $10k (even Jeff Bezos will be worth $1 trillion before Gold reaches $5k).

Gold is indeed a safe investment ever since from ancient times and even up to the present seeing its price is rising slowly. But bitcoin could be a good investment too particularly if its price suddenly goes to the moon and makes all its investors instantly rich. They are both safe investments for me but the risk for bitcoin and other cryptos is definitely higher compared to gold.

Nope it's not, yes they are both highly valuable but bitcoin is only for a moment, one day it is at $10K tomorrow it will be at $9K. People often compare these two assets because they are pricy, but once bitcoin falls down to zero, though it is unlikely to happen, no one will ever speak about it again/

LOL you compare the aspect of gold being a tangible asset to bitcoin, when I wanna send 10 billion dollars I won't send it as gold bars lmao, I'll sell it in a bank then make a transfer to whom I wanna make transaction with, you're taking it very literally. Though transferring a huge amount of money would take several days to complete, if you're a highly classified person/personality that would just take a serious day to be transferred.

You are showing a single advantage of bitcoin to gold's weakness. This is absurd.

Gold vs Crypto (Such as Bitcoin) = Crypto has a limited supply but gold is ancient and not that limited like Bitcoins. So do the math. 

Gold is literally physical bitcoin. I have never seen a single difference between them except for the fact that gold is regulated heavily whereas bitcoin is not regulated at all. You can send 10 billion dollars worth of bitcoin from any nation to any nation, even from China to USA which is a very very difficult task to do with fiat or gold because of political reasons but when talking about bitcoin you can do it in 30 minutes and not have any problems because you are anonymous.

Whereas if you want to do the same thing with gold, take from one nation to another, it is a bunch of headache and paper work. Aside from that mobility issue, gold and bitcoin are the same things, just a store of value thing where you try to keep your money eroding in value because of inflation.

As an investment advisor by trade I'm often reading articles about the market and that includes commodities such as gold.  I personally think this guy is completely full of shit and had no idea what he's talking about.  Gold does have solid and important real world uses, physical uses ( example used for jewelry and HDMI cables) that should keep it's value relatively high and stable, but seeing it go up this high is extremely hard to comprehend since we've just recently seen all time highs.  Personally I think this guy is at his all time high, and has no idea what he's talking about.

Even though the world is currently controlled by the dollar without an underlying gold as collateral. However, many countries and even the United States themselves realize that gold as the underlying currency printing is a necessity. Without "underlaying" the currency as strong as the dollar will be vulnerable. Evidenced by the subprime mortgage.

The actions of China and Russia to increase their gold reserves are a sign that the United States will return to using gold for the underlying dollar in the future. Although the penetration of the Yuan can be ignored in international trade, the dominance of trade and financing has been dominated by China, but to win the currency warfare and maintain the currency domination of the petrodollar, the steps that America can play are to increase its gold reserves and manipulate the price of gold to increase its value, balanced with the dollar value that has been printed so that the dollar has a foundation. Don't forget that gold is a commodity that is easy and full of manipulation.

Gold will go up in the long term. Because the demand for gold is increasing, both from the central banks and from the individual investors. Especially the central banks in Russia and China have accumulated a lot of gold during the last 5-6 years. In 2014, the Russian gold reserves amounted for just around 1,000 tonnes. The figure stands at 2,300 tonnes as of 2020 (almost 1.2% of all the gold mined till now).

That's cherry picking though. I could also cherry pick and say gold rose 650% between 2001 and 2011. Those are very impressive returns for a decades time, don't you think?

Gold really very often affects other currencies, which is why you need to monitor it carefully.

Don't even compare shitcoins such as USDT with gold. Gold is being used as a store of value for thousands of years. USDT is a token issued by the Bitfinex exchange, which is pegged to the USD. The USDT can lose its value anytime, if something untoward happens to the Bitfinex exchange. On the other hand, the value of gold is indestructible. As the human population goes up, the per capita availability of gold will decline, and as a result its purchasing power will continue to increase.

I think you are a little wrong, you have to put property in place of bitcoin, because after all property is still more desirable than bitcoin,
I corrected:
Unsafe Investments: Stocks / bitcoin / Fiat Money
Safe Investments:  Gold / Silver / Land  Property  




So in fact, whether it's gold, silver, bitcoin, or any other commodity, nothing is too good, only those who promote it make the price go up / down depending on the news reported.
and of course keep their names relevant.