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Topic: Re: Will people come back to gold - page 2. (Read 1658 times)

sr. member
Activity: 882
Merit: 251
June 20, 2019, 05:00:20 PM
With the advent of cryptocurrency, one should hardly assume that the attitude of people to gold has changed dramatically. Few priorities have shifted investment of their funds, some of them began to invest in cryptocurrency. However, in general, gold. has not ceased to be a reliable repository of our savings. Therefore, far-sighted people never departed from gold and generally traditional means of storing their savings. You can earn in a cryptocurrency, but you should definitely keep your profits at least partially in traditional means, including gold.

Nothing has changed here. Still, peoply are sure if they have gold, they have confidence in their future. With cryptocurrencies, we have a chance to earn well, but we do not have this confidence. Crypto is too volatile.
member
Activity: 574
Merit: 12
June 19, 2019, 08:16:59 AM

With the advent of cryptocurrency, one should hardly assume that the attitude of people to gold has changed dramatically. Few priorities have shifted investment of their funds, some of them began to invest in cryptocurrency. However, in general, gold. has not ceased to be a reliable repository of our savings. Therefore, far-sighted people never departed from gold and generally traditional means of storing their savings. You can earn in a cryptocurrency, but you should definitely keep your profits at least partially in traditional means, including gold.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
June 18, 2019, 01:25:30 PM
There is nothing as coming back to gold, already each and every user of cryptocurrency consider bitcoin as an added opportunity to make profiting as the market value is volatile. As the market is regulated as well have got years of history people give importance as an asset that can secure of funds under an market condition. This way gold gets priority even among the professional traders of bitcoin.
newbie
Activity: 5
Merit: 0
June 18, 2019, 11:16:30 AM
Gold will always be king, because it has intrinsic value.
member
Activity: 560
Merit: 17
June 12, 2019, 09:16:59 AM
Interesting numbers from original OP but can you give some references to back them up, otherwise they are just made up numbers.

I would also add that it is not true that chinese are not investing in economies.
China did give out ton of loans in start of this year which is believed to be because of the stock market crash at the time ,they wanted to stop it and they did it at the time.

https://www.scmp.com/economy/china-economy/article/3005957/china-issues-record-new-loans-first-quarter-2019-beijing
member
Activity: 805
Merit: 26
June 12, 2019, 06:03:33 AM
As number of people rapidly multiplying day by day, the resources are constantly decreasing especially non-renewable resources including gold. During ancient times, gold became a medium of exchange due to its enough supply but look today, just simply think why on earth people invented fiat, banking and even digital currencies? If today did not invented this medium of exchange how can we afford to buy our needs if gold is the only way to buy. It just simply answer that we impossibly can't come back to gold.
full member
Activity: 784
Merit: 100
June 12, 2019, 05:36:34 AM
No one has really left Gold to start with. So, I just don’t see the concept of coming back. Anyone who has common sense will for sure know that Gold is a massive investment, and at no way this could be left alone. I do trading with FreshForex, where I do work on everything from Forex, Stocks, Cryptos and commodities. So there is no logic to go away from one thing.
Same with my own thoughts too.I think even if we have come up with bitcoin investment,we never leave behind our gold investments knowing that it is also profitable even in the time of our own ancestors.So it would still forever live even if we make lesser profits from it compared to bitcoin which is definitely huge.
people who think about business development, will definitely look for gold, because gold is also a very valuable object today. utilizing all things related to profits is something that needs to be done. so, people will definitely look for gold to grow their business.
full member
Activity: 1008
Merit: 101
June 11, 2019, 03:53:51 PM
in any case, the society will be guided by such priorities as action for the given time.  As long as cryptocurrency, securities and other virtual assets are worth, people will constantly invest in them.  But as soon as a problem appears, gold, which has a physical body, will be the most profitable investment item.
gold is always seen as a very valuable thing. in fact, gold has always been one of the images used to symbolize wealth. people will aim to collect gold, when they want to invest in it. however, I also target that.
But I don’t think the same now, people has been investing money in gold because it was valuable in past but now it is not the same, we have better options now we have something more worthy than gold now, gold has become just a name for me now, otherwise in this well developed I think gradually everything is getting towards digital system and gold or silver is losing its value.
sr. member
Activity: 1582
Merit: 333
June 09, 2019, 08:15:06 PM
No one has really left Gold to start with. So, I just don’t see the concept of coming back. Anyone who has common sense will for sure know that Gold is a massive investment, and at no way this could be left alone. I do trading with FreshForex, where I do work on everything from Forex, Stocks, Cryptos and commodities. So there is no logic to go away from one thing.
Same with my own thoughts too.I think even if we have come up with bitcoin investment,we never leave behind our gold investments knowing that it is also profitable even in the time of our own ancestors.So it would still forever live even if we make lesser profits from it compared to bitcoin which is definitely huge.
all of us know, bitcoin investment give us more profits if compared with gold.but its risk bigger tahn gold, and we ever met it when bitcoin price from around $19k drop to lowest price on around $4k.but in gold with less profits , its price stable enough and most investors thiking this is safe heaven portofolio.
hero member
Activity: 3052
Merit: 606
June 09, 2019, 07:45:03 PM
No one has really left Gold to start with. So, I just don’t see the concept of coming back. Anyone who has common sense will for sure know that Gold is a massive investment, and at no way this could be left alone. I do trading with FreshForex, where I do work on everything from Forex, Stocks, Cryptos and commodities. So there is no logic to go away from one thing.
Same with my own thoughts too.I think even if we have come up with bitcoin investment,we never leave behind our gold investments knowing that it is also profitable even in the time of our own ancestors.So it would still forever live even if we make lesser profits from it compared to bitcoin which is definitely huge.
full member
Activity: 868
Merit: 185
Roobet supporter and player!
June 09, 2019, 06:11:56 PM
Let's continue the topic here since it was an interesting discussion but as usual, the shitposters kill any discussion open.
(it's a self-moderated thread)

With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.

The purchases of Gold by the central banks increased by over 70% last year. It's something that didn't happen since the '60s - '70s and the dissolution of the Bretton Woods agreements. The main reason is to get away from the dollar. Even Iran and its crypto will be backed by Gold for the same reason and to avoid the US sanctions. Even the ETFs increased by something like 200% last year

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold
Gold is an arbitrary. It existed already before we born. Gold was used in exchanging commodities during those times. But part of the development is to adapt the changing needs of the world. People will adapt bitcoin but we will also take a look back in gold. Just like what I am saying, they have the same usage but different in characteristics.
member
Activity: 602
Merit: 10
June 09, 2019, 02:37:23 PM
I see that most users of cryptocurrency speak the same way, because I really understand the value and importance of gold in society as the cryptocurrency market is just beginning to develop, I would like to wish that the cryptocurrency aimed at the same level of demand in society as gold.
sr. member
Activity: 1932
Merit: 448
June 09, 2019, 11:45:28 AM
in any case, the society will be guided by such priorities as action for the given time.  As long as cryptocurrency, securities and other virtual assets are worth, people will constantly invest in them.  But as soon as a problem appears, gold, which has a physical body, will be the most profitable investment item.
gold is always seen as a very valuable thing. in fact, gold has always been one of the images used to symbolize wealth. people will aim to collect gold, when they want to invest in it. however, I also target that.
member
Activity: 630
Merit: 14
June 09, 2019, 09:53:28 AM
in any case, the society will be guided by such priorities as action for the given time.  As long as cryptocurrency, securities and other virtual assets are worth, people will constantly invest in them.  But as soon as a problem appears, gold, which has a physical body, will be the most profitable investment item.
member
Activity: 258
Merit: 13
I am from Forex world.
June 09, 2019, 04:11:04 AM
No one has really left Gold to start with. So, I just don’t see the concept of coming back. Anyone who has common sense will for sure know that Gold is a massive investment, and at no way this could be left alone. I do trading with FreshForex, where I do work on everything from Forex, Stocks, Cryptos and commodities. So there is no logic to go away from one thing.
copper member
Activity: 455
Merit: 0
June 08, 2019, 03:04:05 PM
Gold is a classic investment and there are still many investors who invest in gold because of its stable value, but bitcoin is a modern investment that will be even bigger in the future, and there will be many investors who will survive in bitcoin.
full member
Activity: 1008
Merit: 101
June 08, 2019, 10:20:13 AM
I believe that we need to do a bit of clarity:
obviously I think that nobody in here dreams or hopes that ALL PEOPLE will return to gold .... maybe the title is misleading.

Gold will ALWAYS be part of a good balanced portfolio of every wise and prudent investor, as it has ALWAYS been; it is clear that today Bitcoin & C. have a marginal role in this portfolio, say maybe 0.5% (to be optimistic), but over time and with the maturity, growth and regulation of the entire crypto, Bitcoin & C. market will always have more weight and strength in these balanced portfolios of investors (as it should be), let's say up to a 5-10% of the total (I'm talking about big investors and assets, not the average man investing $ 10,000 , and takes great risks).

However, I do not believe that the growth of Bitcoin & C. will be to the detriment of gold, but rather it will conquer sections of the equity and real estate market.
Well this is your thinking maybe some people like gold and maybe some people don’t like it, we should concentrate on the trend now a day we can see the trend is only bitcoin, gold has no such value as it has been since long it is 2019 where everything thing I getting digital even investment as well, so gold lost value as an investment people prefers digital investments.
hero member
Activity: 1736
Merit: 731
Catalog Websites
June 08, 2019, 03:13:44 AM
gold is the best investment asset I think. long ago, until now, gold always had great value. when people have a lot of money, I think gold will be one of their goals. and I think we all think the same thing, to have large amounts of gold. it's just that now it's only limited to unfulfilled goals  Cheesy
sr. member
Activity: 1022
Merit: 391
June 07, 2019, 11:33:17 AM
I believe that we need to do a bit of clarity:
obviously I think that nobody in here dreams or hopes that ALL PEOPLE will return to gold .... maybe the title is misleading.

Gold will ALWAYS be part of a good balanced portfolio of every wise and prudent investor, as it has ALWAYS been; it is clear that today Bitcoin & C. have a marginal role in this portfolio, say maybe 0.5% (to be optimistic), but over time and with the maturity, growth and regulation of the entire crypto, Bitcoin & C. market will always have more weight and strength in these balanced portfolios of investors (as it should be), let's say up to a 5-10% of the total (I'm talking about big investors and assets, not the average man investing $ 10,000 , and takes great risks).

However, I do not believe that the growth of Bitcoin & C. will be to the detriment of gold, but rather it will conquer sections of the equity and real estate market.
sr. member
Activity: 1236
Merit: 252
June 03, 2019, 06:22:59 PM
Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and it’s also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.


Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

Gold has very little volatility because it has been traded on the markets for centuries, and for the same reason it is regulated by very specific laws.

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million  Wink
That could happen, just take gold into consideration with the value it has got in the early days to the present. Earlier people got it abundantly and when the available source got shrunken with more demand for the limited mined gold the market value began to increase. Similar is the fact with bitcoin and other cryptocurrencies. As years pass can expect good growth to happen with bitcoin as it gets a long history and regulated usage when more countries legalize its usage.
I think people will look for new sources of gold, even though they are running low. so there is still mining land for gold. different from bitcoin, where supply is limited, and can shrink. hence the conclusion, I think gold will always be trusted by everyone for investment
No I am really sorry to say but all those things you are talking about is not Geneon for me because according to me this is era of technologies so why would people will go back to crites and trusting those investment which never had given them better future, see now people are rich but in old age people were not that because they were not having technologies so I am not agree with this.
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