No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin
Topic: Re: Will people come back to gold - page 4. (Read 1660 times)
No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoinNo, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin 
People will always appreciate gold and invest in it. This has been done for millennia and will continue. It is a reliable and stable means of preserving value. Bitcoin and other decentralized cryptocurrency are not, since they have high price volatility. In cryptocurrency, you can earn money, but the reserve is best stored in gold.
They both have different functions to me for now, although I believe strongly that a time will come that bitcoin will become so much useful and serves as digital gold for people who wishes to use it as reserve, but for now, I think bitcoin is better for investment because of its volatility as you said which I think this is what people need for now.You can only talk of reserve when you have the money to hold down for a long time, but for now, let’s make money from bitcoin first and then we can talk of reserve later. Gold is still very much stable and is more reliable for store of value till bitcoin gets to that stage.
I do not know much about the gold-dollar relationship. But I'm interested in the maximum supply of gold. It is a finite resource and can get exhausted like most mineral resources.
Is there any duration period (or estimate) of when the total gold bars could be all mined globally, just as we have with bitcoins?
And how would exhaustion of the metal affect it's market value?
I think investment using gold has been going on for a long time even before the investment of crypto currencies even though it is an investment in nature and in my opinion investment in crypto currencies is an investment using current developments and technology Is there any duration period (or estimate) of when the total gold bars could be all mined globally, just as we have with bitcoins?
And how would exhaustion of the metal affect it's market value?
People will always appreciate gold and invest in it. This has been done for millennia and will continue. It is a reliable and stable means of preserving value. Bitcoin and other decentralized cryptocurrency are not, since they have high price volatility. In cryptocurrency, you can earn money, but the reserve is best stored in gold.
And industry of electronics will only become bigger and bigger so demand for gold will increase over time
That's not necessarily so
In simple terms, gold is not something which the industry of electronics cannot do without. It is not the best electrical conductor out there (silver is at room temperatures, with copper being most widely used), and while it definitely has some unique properties, the demand for it is quite elastic. Put differently, if the price of gold rises, it will be increasingly substituted with other elements and compounds (or just taken away completely by changes in design)
Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.
for those who are very fond of technology, I think the direction of their investment is in technology. those who invest in gold are those who may have achieved their success in a field, or want to use both of these as investment types. however, gold is an investment tool that is always considered.
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)
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
Well i do believe there still many people think gold are the best investments. In my country gold are being use to avoid tax and they think gold is very liquid. Thats why i think ASIA is buying so many gold.(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.
(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
No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
Yes i do believe so but still people invest in gold cause it has a small fluctuation and safer than investing in cryptocurrency. 
No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
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. Just like you stated, bitcoin is actually more functional than Gold and it is also more accessible than Gold, which makes it more useful even now that it has not gotten that much relevance as much as gold does, so I believe that in future, it will be able to serve as the new digital gold.
No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
What do you mean "dysfunctional metal"? One of the reasons why gold is keeping its value is exactly because IT IS functional metal, it has practical use. With all these new options of investing, one could think gold will lose value because it became less attractive compared to stocks and cryptocurrencies. However gold's price is relatively stable and safe investment because it has practical use. In the US, the amount of gold used in electronics is almost the same as in jewelry. And industry of electronics will only become bigger and bigger so demand for gold will increase over time.
No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.
for those who are very fond of technology, I think the direction of their investment is in technology. those who invest in gold are those who may have achieved their success in a field, or want to use both of these as investment types. however, gold is an investment tool that is always considered.
gold is a very good and safe investment in value prices. I invest a little in gold because I see a good future
Gold has good value stability with the potential for higher price movements, but I don't think everyone will choose gold, because crypto also has good prospects in the future and because crypto is also a good choice.
Crypto has more value compared to gold especially with this positive market that keeps increasing its price.But i still believe that some of us here are still buying gold for additional investment other than crypto.There's no wrong with it because we are free to make any investments that will give us good profits not just today but even in the future too.
Gold has good value stability with the potential for higher price movements, but I don't think everyone will choose gold, because crypto also has good prospects in the future and because crypto is also a good choice.
Crypto has more value compared to gold especially with this positive market that keeps increasing its price.But i still believe that some of us here are still buying gold for additional investment other than crypto.There's no wrong with it because we are free to make any investments that will give us good profits not just today but even in the future too. As I read in the economic news, the gold reserve rate of the states is increasing and they buy gold. In many countries it is known that people prefer physical gold as the most valuable investment and save gold. Personally, even though I prefer to invest in cryptocurrency, I think it would be very reasonable to invest in gold against a possible global economic crisis.
investing in gold is not something that is a secret. even though people do different businesses, whether it's cryptocurrency or other online businesses, I think people will still buy gold for their investments. well, you could say it was an investment that could be given from generation to generation.
Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.
As I read in the economic news, the gold reserve rate of the states is increasing and they buy gold. In many countries it is known that people prefer physical gold as the most valuable investment and save gold. Personally, even though I prefer to invest in cryptocurrency, I think it would be very reasonable to invest in gold against a possible global economic crisis.
investing in gold is not something that is a secret. even though people do different businesses, whether it's cryptocurrency or other online businesses, I think people will still buy gold for their investments. well, you could say it was an investment that could be given from generation to generation.
Gold has good value stability with the potential for higher price movements, but I don't think everyone will choose gold, because crypto also has good prospects in the future and because crypto is also a good choice.
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