Topic: The Consensus is Clear: You Should Own Gold Now - page 2. (Read 407 times)
Own gold is good since long time ago, even if people don't thrust paper money anymore than gold has big chance to replace paper money. Facts proves that hyperinflation is a common problem with paper money which is not guaranteed by gold, silver and other valuables. Gold to be resistance to inflation and its value tends to rise in the long run. Actually most of countries silently hoard gold.
choose gold as an investment like a savings. different from investing in crypto. if we compare the price of gold and crypto is much different. gold prices tend to be stable. but crypto prices are always volatile as investors have the advantage if crypto prices soar. both of these investments are equally beneficial to choose which one is better suited to needs.
Those who own money are better off buying and storing gold.
As you save your money in the portfolios and benefit from them.
You can also benefit from the storage of gold.
So better than money bills.
As you save your money in the portfolios and benefit from them.
You can also benefit from the storage of gold.
So better than money bills.
I never doubted that the prices for gold will recover I mean all the signs are there from federal reserves not panicking to them still adding up their volume for gold all of them are not selling but buying even if the prices are going up. It only tells us that they are not worried for the current prices but instead taking advantage of it. If Gold finally recovers this will boost any country's economy who took advantage of a great opportunity.
Hope they are right, I already owned some golds including accessories and jewelries so if the price goes ups, I would sell them to buy bitcoin again. Well I bought the gold way back 2016 so it better pay me off now.
Gold is a low-risk investment and it is always a good time to hold it. Especially when there are economic ups and downs (which I think that we are on the verge of an economic downturn). My question is why shouldn't we hodl digital gold instead of simple gold.
Bitcoin has the same usage as real gold with one added feature where it may give higher returns in the future!
Bitcoin has the same usage as real gold with one added feature where it may give higher returns in the future!
if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits
I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.This is the good way of investment because if you spread and invest then risk factor become less. Gold has its own value and its value wont decrease soon, in crypto right now the market is down for long time so it is a good time to invest as if any big news will raise bring the market. So investing in both is always a good option rather then invest fully in gold or crypto and take risk.
As the old saying goes - "Never put all your eggs in one basket".
But only invest in crypto if you know its market and how to deal with it.
I know many people are investing blindly in crypto and when their investments lost its value, they curse crypto as if they were cheated.
And nobody can beat the old timer - gold of course. Rain or shine, you have your tangible asset. It will never fail you.
if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits
I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.This is the good way of investment because if you spread and invest then risk factor become less. Gold has its own value and its value wont decrease soon, in crypto right now the market is down for long time so it is a good time to invest as if any big news will raise bring the market. So investing in both is always a good option rather then invest fully in gold or crypto and take risk.
if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits
I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits
I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.
I like this video, thank you so much, Gold will always be the most valuable source in the world. Countries can print as much gold as they own. real riches are measured by the amount of gold. Me and my family are investing in golds.
Gold never drops value
Gold never drops value
I would certainly diversify into gold as sort of a long term hedge, or when a short term bull market may be emerging.
And right now, I think that a bull market may be coming given the fact that its bear phase of the cycle has been on for so long as precious metals prices seem to be stabilising and bottoming. I'd definitely be diversifying my portfolio into some low premium physical precious metals for the long run, or paper metals (for short term trading).
Though I completely disagree with a lot of the gold bugs and their attitude and ignorance towards what is a fair judgment. The narrative has always been that gold will always go up no matter what, with no regard to market cycles or short term price movements, leading to a lot of people that believe them blindly losing out. I'm not saying that this article is wrong in this way, but I do think that in the long run, we may see bitcoin and other decentralised cryptos being more and more accepted as a means of storing value compared to gold - which means that you shouldn't always blindly invest.
And right now, I think that a bull market may be coming given the fact that its bear phase of the cycle has been on for so long as precious metals prices seem to be stabilising and bottoming. I'd definitely be diversifying my portfolio into some low premium physical precious metals for the long run, or paper metals (for short term trading).
Though I completely disagree with a lot of the gold bugs and their attitude and ignorance towards what is a fair judgment. The narrative has always been that gold will always go up no matter what, with no regard to market cycles or short term price movements, leading to a lot of people that believe them blindly losing out. I'm not saying that this article is wrong in this way, but I do think that in the long run, we may see bitcoin and other decentralised cryptos being more and more accepted as a means of storing value compared to gold - which means that you shouldn't always blindly invest.
Gold are a great way to store wealth, and used for thousands of years, now most of the worlds gold are hold by centrals banks, investment groups and as wedding gift.
Gold are a great way to store value, but I prefer to hold Bitcoins and other crypto's. Bitcoins can easily be sold or be transported crossed the world within a few moments, gold are not that easy to sell and transport.
Gold are a great way to store value, but I prefer to hold Bitcoins and other crypto's. Bitcoins can easily be sold or be transported crossed the world within a few moments, gold are not that easy to sell and transport.
Gold is a big reserve, it always have a stable price, what you earn out of bitcoin and other cryptocurrencies even when the market is bearish can't be earned out of gold even when it is in the bullish run. People who have got lot of fiat to make an investment and wants to secure it without facing any risk could go with gold.
You have a good point there, Owning gold is the best way for this era. This is very obvious now. Central banks are making currencies downand it is only the gold which will have the price in the market sooner or later. But gold is considered as a long term investment and will be easily liquidated. Gold and bitcoins are the best investments for future purposes and I will guarantee it. Currencies will go down and people will try to hedge their money as well.
I own some silver and find it underpriced at the moment, but gold isn't a bad choice. The problem I always face, and I believe most people are, is limited funds. Most of us can spar a certain amount of money a year like 10k USD and we have to choose between many available investments. Should I buy silver, gold, bitcoin, or maybe an altcoin. If I already have bitcoin should I get more or buy something else? I think that cryptocurrencies are becoming more popular and will have much bigger gains in the next 2-3 years than gold or silver.
Gold is a big reserve, it always have a stable price, what you earn out of bitcoin and other cryptocurrencies even when the market is bearish can't be earned out of gold even when it is in the bullish run. People who have got lot of fiat to make an investment and wants to secure it without facing any risk could go with gold.
The value of gold is stable, even if we do long term investment with golds; we still cannot make high returns due to its stable price. For me it is still better to make investment with cryptocurrencies even it has many risks.
I don't get it, when was gold never the main mode of long term investment?
Regardless whether it is the rise in the value of platinum as a jewellery metal, a digital asset like bitcoin or even the mining of exotic solids like regolith, gold will always hold the prima sententia when it comes to precious metals.
Come to India, Bangladesh, Pakistan, Burma you'll find this mentality is almost engraved in stone. Yes, there may have been ups and downs in gold's value in the market but most of that is due to some geopolitical reasons. In my opinion, gold has never faded out of popularity and hence there is no question of any tide turning.
Regardless whether it is the rise in the value of platinum as a jewellery metal, a digital asset like bitcoin or even the mining of exotic solids like regolith, gold will always hold the prima sententia when it comes to precious metals.
Come to India, Bangladesh, Pakistan, Burma you'll find this mentality is almost engraved in stone. Yes, there may have been ups and downs in gold's value in the market but most of that is due to some geopolitical reasons. In my opinion, gold has never faded out of popularity and hence there is no question of any tide turning.
From around 1982 to about 1999, the price of gold kept falling and falling. It reached as low as $272 in the year 2000.
Basically people only get into gold when they are afraid. When things are going great, they hold dollars.
I am afraid that these statements and articles are just another attempt to deal with Bitcoin and other cryptocurrencies. In fact, I see no reason to invest in gold and other metals in order to sponsor the current economic system. If you want to invest in the past buy gold, but if you want to invest in the future, then there is one option and this is Bitcoin.
I really do enjoy seeing how Gold bugs blindly try to shill their bags, which very much reminds me of what we see in the crypto space.
I once saw a discussion between a hardcore Gold fanatic and a journalist, where the fanatic pointed out how you can spend Gold in every store by first converting it to US dollars, and then spend the dollars, which makes zero sense. What it does is point out even more how useless Gold is as local currency for day to day transactions.
I can see some utility when it comes to large transactions settled with physical Gold, but that's about it.
I once saw a discussion between a hardcore Gold fanatic and a journalist, where the fanatic pointed out how you can spend Gold in every store by first converting it to US dollars, and then spend the dollars, which makes zero sense. What it does is point out even more how useless Gold is as local currency for day to day transactions.
I can see some utility when it comes to large transactions settled with physical Gold, but that's about it.
You can do this with Glint, links allocated gold holdings to a mastercard:
https://glintpay.com/
Traditional gold holdings are not for daily spend either, they are for long term preservation of wealth.
Only people buying gold are those who aren't modern or smart enough to buy bitcoin. Someone tell them to sign up at coinbase, it's a simple exchange and even n00bs can buy a bitcoin or two
I'm sure those that bought BTC near $19k are feeling really smart right now.
Also with regards to being modern, most of the electronic world we have currently uses gold to function.
Jump to: