Topic: What do you think of gold price in long term? (Read 1614 times)

Humans had a distinct fascination with gold since ancient times. They value gold more than any precious thing. In that continuity, people still believe in gold reserves. We know that the currency value of different countries also depends on gold. Gold prices are gradually increasing. Those who want to earn a certain amount of money after investing for a long period of time can invest in gold. But in my opinion the price increase on gold doesn't seem too much. Because inflation is happening, the price of gold is also increasing.

Why should an investor invest for a long period of time if he is not getting his due return? Many people invest in gold primarily because of the assurance. However, if you invest in crypto currency or bitcoin with risk than investing in gold, the amount of profit will be much higher. You must consider the difference in the rate of inflation and the rate of profit. In that case if one invests in Bitcoin then there can get much return of his invested amount after a long period of time.

The profit in investing in gold will not be too much, because the price of gold has also decreased, although only in a very small size and the increase in price is also not too much every year. This means that every investor who invests in gold will only get more security than profits even though he keeps it for the long term and for his own risk is the potential for theft if it is not stored in a really safe place.

Actually I also like gold and Bitcoin so I always choose both of them for my investment but I don't expect more profit on gold because gold price increase is not fast so I can only hope about safety of my money there and also more sure return when i resell it. Whereas with Bitcoin I always expect more increases so I can get more profit even though the level of risk is also very equal to what I expected.

In this case, it's actually not really feasible to make a comparison between crypto investment and gold investment. Because basically the two are very different, especially if gold existed before crypto was born into this world. So I very rarely make a detailed comparison of these two so I prefer to utilize both in my investments because I love both and have never hated either until now.

There is no doubt that gold is the most profitable type of investment and can be accepted worldwide, even when there is economic turmoil, for example due to war, gold is still safe and continues to be profitable, this is what makes almost all rich people make gold their main investment choice. and the most important thing is that gold will never die even if we save it forever.

With the increasing financial crisis in United States and with the collapse of the banking system and also the real estate market being on the brink of similar collapse, people have been moving towards investing in gold more than ever before. This is why in recent weeks we've seen a significant increase in demand for gold and the consequent price rise.
Bloomberg also recently published an article on this matter. Although I don't agree with some parts (like interest in "technology stocks") but it is worth reading:
https://www.bloomberg.com/news/articles/2023-05-05/jpmorgan-sees-investors-moving-to-gold-tech-amid-recession-risk

Historically, gold has been a benchmark for safe haven investment. Every time there is inflation, stocks fall, a financial crisis, many investors and even countries will run to gold
There is no doubt that the limited supply of gold in the world is capable of providing exponential value growth in the long term.

Gold price will increasing and will act as a store value for numerous individuals who put money into it. From previous decades gold is consider as a trusted source to enhance value and as we have experience every year there is a greater enhancement in its value.

People select the other ways for saving money but in my opinion their is no other better option than gold because gold never disappointed its holders and as compared to modern online investment gold is highly preferable investment method.

Gold is an investment instrument with limited supply. It provides protection against inflation. It has price stability. It has been a store of value throughout the history of civilization. If we make a long-term forecast about the price of such a valuable investment instrument, we are bound to say positive things. I draw a lot of analogy between Bitcoin and gold. Of course, they are slightly different things and there are some points where they have advantages and disadvantages against each other. I think both will reach much better price levels in the long run and I have no worries about that.

Gold is a solid and strong asset And investing in gold is considered a safe investment. So if you invest in gold, So if you invest in gold here the profit is less but the risk is very less. So if you have a lot of money it is definitely good and should invest in gold and if you are able to take high risk then you can plan to invest in cryptocurrency. But in any case investing in gold is a good decision and I think it is a better plan if it is long term investment

The risk of investing in gold is certainly not as big as investing in crypto,
in the midst of the onslaught of crypto I think gold is still the choice of many people to invest in and there's no doubt about it,
Gold price movements can also be said to be more stable when compared to crypto.

This is true, if I have millions of dollars, I will also invest in gold, it is both safe and gives me good returns. Many people who say that gold is no better than bitcoin are people who don't have the money to invest in gold. They are using their little money to invest in bitcoin and want to be able to get rich from bitcoin. This is the bare truth that many people dare not face.

It's a part of a portfolio. Diversification is a smart thing to do. I take profits and spread them out when an asset class get's over heated.

Gold is not a good investment for most of us, because its volatility is quite small, and we don't have too much money to invest in it. But billionaires, they have billions of dollars, and with just a slight volatility in gold, they can make as much money as we work all our lives. It is a mistake to say that gold is not a good investment, but rather it is not for retail investors like us. Gold and real estate will always be the safest and most popular assets, there's no denying that.

Gold is a very promising investment for the future because its value doesn't move far, maybe even longer the price will increase in very small amounts.
it is inversely proportional to Crypto which has quite significant price movements that allows many things to happen.
if you look at the price of gold in recent years, not much has changed, everything has increased slowly and of course that way everyone doesn't hesitate to invest in gold for the long term.

The countries you mentioned are not buying bitcoins massively to solve the fiat complex and they prefer gold to be stored in bulk, even though gold and bitcoin are close to equal bargaining values in the future and both can retain the value of the assets they hold, it's just that the price fluctuations of the two are different, because gold tends to be stable and does not fluctuate like bitcoin. They still maintain the that bitcoin is not a source of freedom and are still ashamed to admit its advantages, so whatever decision they make, so don't take chances in bitcoin.

Gold was once victorious in its time and holders or in other words those who kept it did not have a large return effect, because the increase in gold prices every year tended to be stable and slow, gold was also able to survive in the midst of recessions and inflation. Maybe that's one reason for the country to buy more gold.

All my comments are personal analysis and I want to say that gold and bitcoin are almost similar in their journey, but talking about bitcoin returns is much more reliable even though it is very risky due to price fluctuations, while gold is stable and unable to provide large returns in the long term or short term.

Take a look at the heyday of gold and compare when bitcoin was introduced to today and you will find the answers to the questions you want to know and I am also one of those people who save gold and till now not get big returns.

Gold is used for a long time, and if you have the budget to buy gold, you can have it. And even at this time, I can't deny that it's still a good investment. No one knows what its future value will be in the long term.

It's not like Bitcoin which has a halving every 4 years. So most say Bitcoin is a good long-term investment. But I can't say that gold is not a good investment, but of course, Gold is still a good investment.

Main problem in relying on what was always is that nothing was always and nothing will be. So we can expect that price of gold will unlikely go down but one day it will and if all our plans were on that it won't, we'll lose. Probability theory teaches us that every event with a low probability is possible. We all know that there is an asteroid in the asteroid belt where there is a lot of gold. Who knows how soon can science and technology make it possible to get it to Earth? And it is just another one of possible things which can make price of gold the matter of new curcumstances.

In short term we all expect gold will be stable or growing, but when we talk about years or dozen of years... well, I'm not so sure.

For those who already have millions of dollars, don't ever hesitate to buy gold, don't be interested in other investments that promise big profits but you leave gold behind, the mistake people make is being too ambitious to get big profits by taking risky types of investments so what happens is loss, gold investment is the safest type, and profit even though we save it for the long term.

In theory the gold price never varies, its the price and value of everything else around it.  That would take some doing but its not too much to say that gold is far less changeable then most other commodities and FIAT currency which modern day we all know has become victim to politics and debt more then actual national productive capacity, wealth etc.

Gold price isn't like crypto price, it has no high volatility as crypto coins. So, we can't expect for a very significant move in Gold price instantly although there is some good news. I assume the Gold price may increase gradually, more positive news means more constant rising in the price.

More demand for Gold, means positive news for Gold price/value.
If more countries add their Gold investments, We can expect the price of Gold will increase continuously in the next few years. Gold is always a favorite investment, it is not surprising that more countries add their Gold. Moreover, once dollars or fiats become worse, they need something more stable to put their money. Gold value seems quite stable from year to year, it is one of the safe investments.

If government cryptocurrencies were to be used everywhere, would gold be necessary in that case? The whole question is what will state cryptocurrencies end up being tied to - or will they just end up having a limited supply? Thus, the price of gold will either rise in the future, or gold will simply have no value.