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Topic: Gold vs. U.S. dollar (Read 602 times)

full member
Activity: 1162
Merit: 168
February 25, 2020, 04:04:09 PM
#54
I don’t see that happening anytime. Gold is the world’s store of value and it has been beating the US dollars for more than fifty years now. Gold is a big thing and is among the precious stones that are well valued by people around the world. And we all know for sure that gold has a history of retaining it’s value, it’s not like Bitcoin that is volatile and fluctuates up and down a lot, it is well stable.

So, I don’t see the possibility of the USD overtaking gold when it comes to value, it can’t even overtake Bitcoin not to talk of Gold. Gold will always be topping the USD.
hero member
Activity: 1442
Merit: 510
February 25, 2020, 04:07:28 AM
#53
Is there a possibility that can dollar beat the value of gold?
I think no, gold will still be better than USD, gold will always be above the USD because gold has never experienced inflation or lost its value. While the USD will occur inflation and loss in value. So if you want to invest, my advice is to choose gold as your investment
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
February 25, 2020, 01:00:16 AM
#52
To put it like this, the U.S. government can decide to print more dollars whenever they want, it's messing with supply. Gold has a limited supply and the cost of getting the gold is getting higher, it's deeper every time. Long story short in the long run we can assume that the value of the dollar will decline (what could you afford for $1 20 years ago), and the value of gold will increase (and it does over time, gold has steady growth over the past years). Nothing will change here, the dollar will continue to lose value and gold will continue with a steady rise.
This one summarize it all, It's just a basic supply and demand law. Product that have limited supply will have unlimited demand however, products that have unlimited supply overtime it's demand will slowly go down. Dollar vs Gold is just like Bitcoin vs Dollar. Bitcoin price is going up as time passes by because, it has a limited supply but then, the dollar value is continuously going down because of it's unlimited supply.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
February 25, 2020, 12:55:47 AM
#51
To put it like this, the U.S. government can decide to print more dollars whenever they want, it's messing with supply. Gold has a limited supply and the cost of getting the gold is getting higher, it's deeper every time. Long story short in the long run we can assume that the value of the dollar will decline (what could you afford for $1 20 years ago), and the value of gold will increase (and it does over time, gold has steady growth over the past years). Nothing will change here, the dollar will continue to lose value and gold will continue with a steady rise.
full member
Activity: 1526
Merit: 111
Pepemo.vip
February 24, 2020, 11:27:04 PM
#50
For the past 14 days, it looks like Gold has been performing quite well. Doing slightly well in relative to Bitcoin according to Bitcoin vs Gold chart
possibly due to the coronavirus scare with investors reallocating capital to gold as a mainstream safe haven
indeed we can see the gold chart rallying, even now it seems to continue to increase. ap [Alagi, we know that Korean news is a corona nest too, so that many people will secure their property and apply to all countries, even though bitcoin has also gained appreciation since the beginning of the year, although the increase is not as good as gold

member
Activity: 247
Merit: 40
February 24, 2020, 12:39:28 PM
#49
For the past 14 days, it looks like Gold has been performing quite well. Doing slightly well in relative to Bitcoin according to Bitcoin vs Gold chart
possibly due to the coronavirus scare with investors reallocating capital to gold as a mainstream safe haven
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
February 24, 2020, 11:28:19 AM
#48
It’s very wrong to tell people to allocate 10% into gold.
We should tell people to allocate all their money include the future money also their entire disposable asset into gold, that’s right, 101% into gold! But we would still have people to constantly telling kids to allocate as little as 10% into gold.
legendary
Activity: 2884
Merit: 1117
Leading Crypto Sports Betting & Casino Platform
February 23, 2020, 03:25:07 PM
#47
I can sort of understand those situations and why gold lost its value but right now gold is not used for coins anymore and it is used for other stuff plus it is mainly an investment. There is no more black plague level of threat to humanity and even if there was the world is not bigger and more connected, so if something happens in China like corona, everyone else knows about it in the world and takes care of that before it spreads so it doesn't become black plague level of thing.

I doubt we will ever find a huge amount of gold anywhere that will drop its level on earth anymore neither. The only possible thing that could ever happen is if we master asteroid mining and get gold on some other system and bring it back to earth and that is easily decades more for something like that.
legendary
Activity: 2268
Merit: 1655
To the Moon
February 23, 2020, 09:48:35 AM
#46
So their value is hardly comparable, I agree. Value of Usd is higher due to its usability, but gold is not a currency really so how can one compare them anyway

We all know that the dollar is subject to inflation, which is 2-3% per year. But there is no inflation in gold. And we see that the value of gold is constantly growing in dollars. Therefore, if there is such a possibility, you need to keep part of your savings in gold.
newbie
Activity: 10
Merit: 0
February 23, 2020, 06:20:35 AM
#45
I don't think so. Dollar doesn't have such stability as gold. Since gold is used all over the world, and the dollar, although it is a widely used currency, it still loses gold. I don't think that the dollar has an advantage comparing with gold.
jr. member
Activity: 37
Merit: 1
February 22, 2020, 03:36:13 PM
#44
Is there a possibility that can dollar beat the value of gold?
Why people always compare other currencies to precious metals like gold and silver? Precious metals like gold can't compete with USD because they have a huge difference that USD is used for daily expenses that you could exchange it for goods with it, while gold can be used in many things such as equipments, statues, jewelry, and investments.
So their value is hardly comparable, I agree. Value of Usd is higher due to its usability, but gold is not a currency really so how can one compare them anyway
sr. member
Activity: 966
Merit: 274
February 22, 2020, 10:00:07 AM
#43
Is there a possibility that can dollar beat the value of gold?
Why people always compare other currencies to precious metals like gold and silver? Precious metals like gold can't compete with USD because they have a huge difference that USD is used for daily expenses that you could exchange it for goods with it, while gold can be used in many things such as equipments, statues, jewelry, and investments.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
February 22, 2020, 04:32:09 AM
#42
Meaning, it is impossible for dollar to beaten up gold in terms of value

This is not necessarily true in all cases, dollar-wise or otherwise

Gold can lose its value irrespective of the value of fiat currencies which it is priced in. There are many reasons for this, and it does happen as well as happened in the past. If history teaches us anything, gold lost most of its value in the 14th and 16th centuries. In the first case, it was the Black Death pandemics which decimated Europe's population, with the effect being that gold had become abundant even if its total amount remained essentially the same

And the second time it was Inca gold that had flooded Europe in the 16th century, which led to its massive devaluation now specifically due to increased supply. Indeed, these cases are extreme examples, but they do show us that gold is not somehow exempt from the basic supply and demand laws, with the implication being that the value of gold is not set in stone (I sense the pun here) or can only increase with time. This is definitely not so
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
February 22, 2020, 01:35:31 AM
#41
Is there a possibility that can dollar beat the value of gold?
Dollar and gold is different to each other. Dollar is mainly used for us to be able to transact. The value of it is continuously changing because of the number of supply of it. Gold is much more stable than dollar since it is not included in the transaction that we have plus the fact that the production of gold is much more slower than dollar. Meaning, it is impossible for dollar to beaten up gold in terms of value.
full member
Activity: 1708
Merit: 105
February 20, 2020, 06:54:24 PM
#40
I will never happen because of some political , social , economical reasons.
The value of gold is more stable and guaranteed.
I also feel like you, that the dollar is very affected by the state of the country and certainly political and economic which is very instrumental in regulating it. not with gold which is clearly freer and has become a reference for all countries. investment is certainly better if you want gold compared to the dollar, because gold is quite stable.
newbie
Activity: 72
Merit: 0
February 20, 2020, 11:51:02 AM
#39
I will never happen because of some political , social , economical reasons.
The value of gold is more stable and guaranteed.
hero member
Activity: 2912
Merit: 642
February 18, 2020, 12:12:38 PM
#38
Go for the gold.
Not the USD.
They will just keep on creating that money and inflation is just on their side.
While gold is getting more difficult to be mined.

Stay with precious metals. Sometime in the future they will all be depleted and its value will grow more.
Look at how they even recycle hardware from computers and smartphones now. They want the gold in it.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
February 17, 2020, 04:51:02 AM
#37
Is there a possibility that can dollar beat the value of gold?
I think it is impossible for a dollar to beat the value of gold, even we use dollar for our daily lives in exchange for goods and services because the price of a dollar is stable and it has a unlimited supply, whole gold is mostly use for long-term investment and it only has a limited supply that makes it have a high value.
indeed both of these have a clear difference from supply but you should be able to see that the profit gained can be more when you invest in coins that have a limited supply such as gold that has a limited supply than USD that can be printed whenever they want.
full member
Activity: 1470
Merit: 135
★Bitvest.io★ Play Plinko or Invest!
February 17, 2020, 02:24:21 AM
#36
So its better to invest in gold? thanks for your insight sir.
Having USD never can be considered as investment,so you have only one choice now is Gold and not a bad choice.

But if you really wanted to multiply the capital value in short time then gold is not the best asset for this,in this crypto forum most people will say crypto currencies so I will suggest you the same but there are other possibilities as well like real estate but liquidity is a problem with it,can be stocks but need extensive skill and experience.

As an investor or trader, we must consider all the things we need just to earn more profit. Now one of the most thing that can you now invest is with the use gold we all know that the gold today has the most expensive market price next to the stones with naturally occurs and one of the good investment it today because it has a good profit and many people makes the gold as their secondary source of money. One of the good things to do while the market price of the fiat currency is to have a lot of us dollars because of the demand and profitable exchange all over the world sometimes this is the basis of other currency to exchange.
member
Activity: 1204
Merit: 38
February 16, 2020, 02:06:31 PM
#35
So its better to invest in gold? thanks for your insight sir.
Having USD never can be considered as investment,so you have only one choice now is Gold and not a bad choice.

But if you really wanted to multiply the capital value in short time then gold is not the best asset for this,in this crypto forum most people will say crypto currencies so I will suggest you the same but there are other possibilities as well like real estate but liquidity is a problem with it,can be stocks but need extensive skill and experience.
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