Re: Will people come back to gold - page 6.

guoyu78

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Quote from: maxreish on May 14, 2019, 04:33:06 AM

Though gold is a good investment, with the current market state like this fast bull run of bitcoin who almost reach $8k, I doubt if investors will go back to gold. They'll gonna forget it for awhile while this bull trend is performing and will remember gold when the market dumps. How funny but that is the truth. Though gold is regulated or not, bitcoin is still more profitable and valuable as for me. I have golds, too. But I am much interested in bitcoin since I experience some kind of excitement and enjoyment while reading some of it.

For now, bitcoin would not be able to serve the purpose gold is serving, Gold has regulations and back up of government and the market volatility that is low makes it preferable for store of value, but I think as for the investment part, bitcoin will surely be more preferable, as we cannot compare the profit you will get from bitcoin in a short run to what you will get from gold in a long term.

There shall be a time in future too when bitcoin will serve more purpose for store value than investment, and that is one of the features satoshi wrote for bitcoin aside payment purpose and anonymity.

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Quote from: michellee on May 14, 2019, 11:09:36 PM

As long as people can buy gold like before, they will come back to gold especially for people who already have gold because they see gold still be the best investment for them. But if they know cryptocurrency, they will try to have one or more coins as their investment besides gold, but I think they will always come back to gold.

yes, if they know crypto, they might invest part of their assets. but I don't think they will leave investment in gold. and if they profit from crypto, maybe they will diversify in part to gold

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As long as people can buy gold like before, they will come back to gold especially for people who already have gold because they see gold still be the best investment for them. But if they know cryptocurrency, they will try to have one or more coins as their investment besides gold, but I think they will always come back to gold.

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Quote from: LeGaulois on February 14, 2019, 01:19:45 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)

Quote from: LeGaulois on December 06, 2018, 12:25:17 PM

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

people always thinking about gold investment in all the situation but after the entry of Bitcoin it will be little red right now but mostly the Bitcoin users also so make the confidence with the gold all time so it cannot be replaced by anything.

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Quote from: BitHodler on May 11, 2019, 05:02:27 PM

Gold shows that you only need to do one thing right to become extremely valuable, which directly also applies to Bitcoin, but Bitcoin offers way more utility than gold does, which in the long run will add even more value to it.

Yes true, but it's because Bitcoin was designed to be a currency rather than a store of value. So naturally, It will get more utility
To be honest I don't think it's a wise thing to use Bitcoin as a store of value. Note, I don't say for an investment, but in this case, it's not a store of value, it's what it is: an investment.
Even if we are holders, we're investing and hoping to get a profitable return for the long run. Not the same thing when we send money on godl.

All other users repeat the same things over and over, I don't even want to reply to repeat the same thing too.

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Gold is a precious metal that many people are hunting and many also invest in the gold section because many people have invested in gold in the past and got a rather large result, maybe if later the price of bitcoin and altcoin has not changed well again, people will return to gold that is trusted and has a risk that is slightly lower than other investments

maxreish

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Though gold is a good investment, with the current market state like this fast bull run of bitcoin who almost reach $8k, I doubt if investors will go back to gold. They'll gonna forget it for awhile while this bull trend is performing and will remember gold when the market dumps. How funny but that is the truth. Though gold is regulated or not, bitcoin is still more profitable and valuable as for me. I have golds, too. But I am much interested in bitcoin since I experience some kind of excitement and enjoyment while trading some of it.

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Quote from: fauzan Ichsan on May 13, 2019, 11:35:27 PM

the community is actually still loyal to gold. more people are entrusting their investment in gold than cryptocurrency for now. and I think the future will be the same. because crypto is optional while gold is certain

precisely. basically people are still trying to invest in gold. even in my place, people always talk about that. long ago, gold was always valuable. even I want it too. if I have a lot of money, of course I will invest in gold. I think it's very profitable to hold it back in the long run.

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Quote from: Finestream on May 13, 2019, 07:42:04 PM

Quote from: usorin on May 11, 2019, 02:51:35 PM

Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.

Gold is also a good form of investment and so the more you have earned gold,the more profits you get.But i don't think it will beat crypto investment because it's very clear to everyone here that there is huge profit in crypto rather than investing gold.But somehow it will make a good investment if you will have them both.

the community is actually still loyal to gold. more people are entrusting their investment in gold than cryptocurrency for now. and I think the future will be the same. because crypto is optional while gold is certain

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Quote from: Finestream on May 13, 2019, 07:42:04 PM

Quote from: usorin on May 11, 2019, 02:51:35 PM

Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.

Gold is also a good form of investment and so the more you have earned gold,the more profits you get.But i don't think it will beat crypto investment because it's very clear to everyone here that there is huge profit in crypto rather than investing gold.But somehow it will make a good investment if you will have them both.

You don't need to compare investing in crypto with doing that in gold. Crypto is a very high risk and volatile asset, which can be compared to other similar assets such as penny stocks. These assets have the capability to give good returns in the short to medium term, but at the same time there is a real risk of losing your capital. On the other hand, gold is one of the most stable assets that are available for investment and many of us use it as a store value for money.

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Quote from: usorin on May 11, 2019, 02:51:35 PM

Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.

Gold is also a good form of investment and so the more you have earned gold,the more profits you get.But i don't think it will beat crypto investment because it's very clear to everyone here that there is huge profit in crypto rather than investing gold.But somehow it will make a good investment if you will have them both.

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Quote from: legenduim on May 13, 2019, 08:56:35 AM

Quote from: fiulpro on May 11, 2019, 02:09:18 PM

To be honest people are already into the gold thing, honestly in countries like India people still keep gold as a storehouse of money , gold is essentially something that cannot be demarcated from the women essentially 🤣 as long there are people willing to buy and wear gold there will always be some value which accounts to he side of gold
Also gold I don't know if I have ever heard it going back in value which would be major , it always went up the small downs are not something that can be accounted for therefore what I think is it will always have a place in investment sector and also people will actually start indulging in that more.

Gold will be valued always, but if it is correct to say, "it is not in trend". The price of this precious metal is not growing much, so it does not bring profits. You can just store gold for a long time.

investing in commodity market especially gold, will usefull while stock market or forex market crashing.large investors and speculators moved their asset to safe heavan portofolio that is gold.

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Quote from: fiulpro on May 11, 2019, 02:09:18 PM

To be honest people are already into the gold thing, honestly in countries like India people still keep gold as a storehouse of money , gold is essentially something that cannot be demarcated from the women essentially 🤣 as long there are people willing to buy and wear gold there will always be some value which accounts to he side of gold
Also gold I don't know if I have ever heard it going back in value which would be major , it always went up the small downs are not something that can be accounted for therefore what I think is it will always have a place in investment sector and also people will actually start indulging in that more.

Gold will be valued always, but if it is correct to say, "it is not in trend". The price of this precious metal is not growing much, so it does not bring profits. You can just store gold for a long time.

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Yes a lot of people has been going for gold as of recent. Did anyone of you ever come across the news that the Russians are planning to invest a $10billion in bitcoin? Haven't been seeing anyone talking about it again, seems like the news was fake. A lot of people were saying that they are going to ditch the US dollar and buy bitcoin.

A lot of publications had it on their news, just like Daily HODL and The Telegraph, and the evidence they have for it is kinda filmsy. First of all I don't even know a government will decide to invest in bitcoin, for what? Is it because they believe in BTC or because they want to invest and make profit, I just don't get.

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Quote from: LeGaulois on May 11, 2019, 03:25:01 PM

There is perhaps nothing safer than gold.

Gold is definitely a safe bet because it has proven itself for thousands of years already, and the general consensus is that it will remain that for another few thousand years. That's a very bullish degree of trust gold enjoys.

If you also add that governments keep stocking up on gold, you'll know that they have all the incentive to protect its value as much as they can. Bitcoin has a lot of catching up to do in that regard.

Gold shows that you only need to do one thing right to become extremely valuable, which directly also applies to Bitcoin, but Bitcoin offers way more utility than gold does, which in the long run will add even more value to it.

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Quote from: fiulpro on May 11, 2019, 02:09:18 PM

To be honest people are already into the gold thing, honestly in countries like India people still keep gold as a storehouse of money , gold is essentially something that cannot be demarcated from the women essentially 🤣 as long there are people willing to buy and wear gold there will always be some value which accounts to he side of gold
Also gold I don't know if I have ever heard it going back in value which would be major , it always went up the small downs are not something that can be accounted for therefore what I think is it will always have a place in investment sector and also people will actually start indulging in that more.

The case with India is a little different. Indian women are the biggest holders worldwide and from what I understood it's part of the culture there, so not surprising the households have physical gold. However, if you consider the average Joe from developed countries, not a lot of households have gold.

Quote

Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.

There is perhaps nothing safer than gold.

usorin

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Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.

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Quote from: Wayan_Pedjeng on May 10, 2019, 10:53:34 AM

Gold is always regarded as a low-return asset. Therefore, the investors will become interested in gold only when the other assets losses their preference. Now the problem is that the markets are doing pretty well currently. The last time we had a recession, was way back in 2008-09. Unless there is some event like a recession, people will continue to overlook gold.

Gold investment is not something to look for big profits, right as you think that gold is a very low return and profit asset. many are investing in gold because they don't want to have huge losses if there is a decline, in contrast to bitcoin if the investment can be profitable and can also be a big loss if not careful.

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To be honest people are already into the gold thing, honestly in countries like India people still keep gold as a storehouse of money , gold is essentially something that cannot be demarcated from the women essentially 🤣 as long there are people willing to buy and wear gold there will always be some value which accounts to he side of gold
Also gold I don't know if I have ever heard it going back in value which would be major , it always went up the small downs are not something that can be accounted for therefore what I think is it will always have a place in investment sector and also people will actually start indulging in that more.

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Same thing is going around in the whole world right now, the inflation is so high all around the world that the interest rates for getting a loan is high but interest rates for savings is a lot too. What does this create ? People with money not investing into stuff that would create job opportunities, not investing into business, not investing into anything that would help the general public but keeping their money in fiat in banks for high interest rates which results with of course gold not getting as much attention as it used to.

Normally, when the interest rates are incredibly low they are getting very good returns in gold because gold is usually better than bank interests but right now that is not the case which cut the attention to gold deeply. Could it reverse? Sure if inflation is fixed, but until then this will continue to exist.

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