I wish we had more cases of real world application on issues like precious metals.
If people in venezuela had hoarded gold, would it help them to survive hyperinflation and economic ruin? A certain degree of infrastructure may be necessary for precious metals like gold to be utilized for buying and selling of merchandise. Some level of information and education must be available in terms of exchange rates and retailers having necessary merchant support.
Imagine hoarding gold in a post apocalyptic society where due to information loss, people no longer recognize the value of this rare yellow metal and deem it to be worthless.
I would like to hear a real life story of gold being useful under conditions relating to hyperinflation or economic ruin. Many claim precious metals have real world application under these conditions but as of yet I can't think of a single case where evidence supported this.
Topic: The Consensus is Clear: You Should Own Gold Now - page 3. (Read 407 times)
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
yes, I agree with this opinion, some of us here have bitcoin and my advice is to have gold to back up to do business and invest in my opinion so that if bitcoin goes down gold can raise you well
I think Gold is one of the many stable investment that one should invest in. So even without any debate on it, I do buy it and keep on storing them. Just like Bitcoin, it will have a very long and vital role to play in the future to come; like during inflation.
Their best is yet to come; I'm not giving up on it any sooner.
Their best is yet to come; I'm not giving up on it any sooner.
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
Most people still referring to gold as the best investment and most of them don't know about bitcoin. But people who already know gold and bitcoin, he will buy both gold and bitcoin, and I am sure that he doesn't have any problem to buy both at the same time. Besides that, gold will be rare, and the price will increase higher, and this makes people want to buy gold as much as they can. But on the other side, people have another option which is they can purchase bitcoin too for the next generation of the investment.
With the growth of the technology, people will learn, and they will found that there is a new investment type that will be available in online and offline and they can use it too for paying something for their daily life in the future.
besides the longer bullish trend, gold is also a safer investment, especially if we store it in physical form, of course it can be used as a multifunction, namely as jewelry and assets. on the other hand bitcoin is a potential asset, but indeed the risk level is greater, of course we have a picture of both
Well I see this as an avenue to seek for new investors in gold since much attention has been shifted to crypto currency. And whoever is trying to buy that idea you need to rational in your investment decision except if you are a long time holder.
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 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.
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.
With sentiment for the precious metals returning, outlook on prices turning bullish
From what I know, when this kind of news start to emerge it may be already too late to buy.
And it's usually bad to just jump in without studying the market, just because some "experts" say so.
The same story goes for anything one can invest into, including Bitcoin (which also looks like a good option for buying)
Gold did have a great run up until 2011, but it's been in decline ever since. Yes, it's been higher in the last couple of weeks, but I'm not convinced that what we're seeing isn't a dead-cat bounce. It certainly isn't too late to buy in if an upward trend is beginning, I'm pretty sure of that.
If you have free resources, It's a bad idea at all to own some gold. In last month I read that Turkish Central Bank and Russian Central Bank both bought a record amounts of gold for 2018. While we can't compete at their levels, some gold as a emergency reserve is the perfect option for me.
Gold is a stable commodity and at that so many investors fine it appealing due to the volatility of the cryptocurrency market if not crypto have been the first choice of investment before now. Gold will sale high now due to this present decline in the price of bitcoin and other cryptocurrencies but with time the market will recover and investors will run back to it. Its good to own the metal piece due to gold stability.
With sentiment for the precious metals returning, outlook on prices turning bullish
From what I know, when this kind of news start to emerge it may be already too late to buy.
And it's usually bad to just jump in without studying the market, just because some "experts" say so.
The same story goes for anything one can invest into, including Bitcoin (which also looks like a good option for buying)
With sentiment for the precious metals returning, outlook on prices turning bullish, and central banks piling on gold reserves, now is a great time to own the metals, according to panelists on the Ultimate Gold Panel.
Join Peter Hug, Frank Holmes, Peter Schiff, and Roy Sebag in part one of the panel discussion, hosted at the Vancouver Resource Investment Conference, and find out why the experts think the tide has turned in gold's favor.
Click here to watch this video and to read more:
https://goldsilvernews.blogspot.com/2019/02/the-consensus-is-clear-you-should-own.html
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