Topic: What do you think of gold price in long term? - page 2. (Read 1615 times)

The price of gold will definitely be high from year to year. because the historical record of the current gold price has proven it. but the price increase is actually the impact of the declining value of each country's currency. Thus making it seem as if the price of gold is getting more expensive over time. but actually the value of gold is still the same if we convert it with the prices of animals and land. It's just that the currency that is affected by inflation makes Gold worthy of being used as a store of value asset.

The price of gold has increased this year but the fact that it is never too late to invest in gold until whenever, only some people want to buy it at a low price to get high profits when the price increases again, and gold price today is at its all time high ATH, so its not a good time to jump into it. Gold will remain there as an asset of investment. Gold is here on Earth's for more than years, and it's still available, in the world majority of the countries are still using gold. Gold however, will remain important and valuable.

If we take a look at the graphs, we'll find out that gold is in fact the most boring, stagnant and dull asset there is. Nothing ever happens in the world of gold and if the price grows it's just for a brief moment and it soon goes down to the initial point or lower. It's often considered a hedge against inflation or a safe heaven and I could agree with that but nothing more... not a very good investment if you ask me. Stability - yes, opportunity -no.

The price of gold has increased this year but the fact that it is never too late to invest in gold until whenever, only some people want to buy it at a low price to get high profits when the price increases again, but the price of gold does not drop significantly it only drops $ 20-30 for the lowest price range , gold is the safest investment so it doesn't matter if you buy at a high price but it takes several years to get high profits.

for me gold is a store of asset value, rising and falling gold prices are not much different. when compared to saving dollars or other fiat money then in my opinion it is better to replace it by saving Gold if it is in a long term pattern.

Gold price today is at its all time high ATH, so its not a good time to jump into it. Gold is universally accepted investment asset and has estimated market cap of over 13.361 Trillion USD. While global fiat currency is related to whoever is current superpower. Today USA is supreme power so we have USD as global currency. We can have new global fiat currency in case power paradigm shifts to some other country. Gold is and will remain there as an asset of investment.

Gold is a natural resource that is visible and durable. It has existed for more than two decades, and its value has been on the increasing end. For me, the price, in the long run, will be on the increase because it will increase in value and sustainability.

Gold's value isn't backed by anything. If anything it is backed by itself. The fact that we've been using gold since Humanity learned how to read and write is enough proof that Gold is here to stay, perhaps until the end of time. With that being said, I think no matter what the season is or what the current situation is of the world. Gold will remain valuable, and I could argue that since the dollar is consistently devaluing by itself, Gold will become more and more important especially for countries who have backed themselves to the dollar, at least to stop the domino effect that the impending Economic crash in the US is going to bring. Oil is not that valuable anymore, and if the statistical data matches real world values, may even become obsolete in the next 30-50 years or so. Gold however, will remain important and valuable.

Gold has always been the number one currency in the world. Yes, the Indians had corn before him and the Maya had coffee beans.
But gold was accepted and will be accepted everywhere. Now it's too late to buy it because of the high price, you need to wait for peaceful times without a crisis. And now everyone is trying to buy it to calm themselves down.
Nevertheless, I find it strange since gold has no practical value. It is soft, and nothing can be made of it as a weapon or a sickle for reaping.

Gold nearing all time high as banking concerns mount: https://www.reuters.com/markets/commodities/gold-advances-us-fed-hints-rate-hike-pause-2023-05-04/

I had understood that the market was on edge after all the banking collapses but it seems odd to me that the institutional investors are all rushing to dump their money in gold or related assets. I suppose they don't see any other assets that would give them stability.

Looking at the historical chart here: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

You can obviously find correlation with major economic events but IMO, that's all gold will do, keep your funds relatively secure if other assets are fluctuating wildly. They won't incur much growth over time.

Gold price is not the stable one,it will change with the certain period of time.In my country gold price was 20 times of good price before 10-12 years.When you calculate,20 times with 10-12 years is big difference in gold.If you want to inverse with physical assets,the better option for the long time is Gold.If you ready to inverse for longer period, you can choose the bitcoin or trusted cryptocurrency for your savings.Because risking on less background coin will leads to the loss.You can choose ten different crypto currencies for the investment of your saving money.So you can split the savings to ten parts,then invest that ten parts to buy ten different cryptocurrencies.You surely get ten percentage as profit from any one invested coin.

It's true that we also need to think about things like that because as you said, the possibility will always exist,
but regardless of whatever it is I still see that gold is still the dream of many people,
we'll see what it will be like in the future.

World economy is facing extreme threat due to war and considering this situation, many countries have insisted on large gold reserves to keep their economy afloat. That is why various countries are already buying gold to strengthen reserves to get proper value of money. If every country takes such an initiative then naturally the price of gold will increase to a large extent. But we know that gold is extracted from mines and there is no limitation in this case. If new gold mines are discovered in the future, the price of gold may fall drastically.

Industry uses not so much gold of entire its mining. Much more is used for jewelry and holding as bullions. So if a vogue on gold will pass and people will prefer jewelry of some other kind, gold proce can go down even while it will hold its value for industry. We can expect that it will unlikely happen really soon, but we should understand that it is possible. There are many alternatives to gold both in jewelry and in industry, so it is not irreplaceable and its price can easily go down one day.

It is called as God's money by a lot of wealthy people, because it is one of the assets that its value keep increasing over the period of time. I also have gold investments especially when it come to wathes and necklaces. My father gave his bracelet to me and he said that he bought it for $400 during his teenager but the price is now already $1000 in the market. This is just one of the proof that the value of gold keeps increasing over time. Most of the wealthy persons diversify their wealth and they allocate most of their money to buy gold because it is one of the assets that are pandemic proof and recession proof. There are assets that should be avoided during recession like stocks, bonds and crypto because dumps can happen in any moement but unlike in gold, it will not move because it is recession proof and the gold prove it over the past recessions.

My recommendation is: if you are starting out as an investor, do not put all of your money on gold because there are a lot of assets that can give you huge returns in short period of time. The goal is quickly multiply your capital and not protect it if you are new in this market but if you are the type of investor who considered as "rich" and "wealthy" then it is the time for you to start putting huge allocation of your assets in the gold because its value will increase overtime and you can also pass it in your childrens.

Gold has a significant role in the traditional financial market, even in this digital world gold is the most prioritise Store of value and its been used as a medium of exchange for thousands of years. China is shifting to Gold reserves for a long time and I think there is a reason which should need to be considered. In any type of crisis, the most trusted commodity is only Gold. Bitcoin can be but for now, it's just Gold and if a crisis happens in the future then China can directly secure its Economic cycle with the gold reserves.

Gold is a Store of Value.
Gold is Liquidity.
Can be used on Industrial Scale.
Even hedge Against Inflation (On some points).

But gold also has no fixed supply of 197,576 metric tons as of 2021, and global gold mine production was 3,200 metric tons in 2020, which is less than 3,463 metric tons in 2019 due to the COVID-19 pandemic.

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Sir what I think is China and India are not expecting long-term returns from the gold in my view it can be considered as a security against pandemic situations like Global disease, Wars, or any type of Natural Disaster. So this ca be a reason e haven't seen any significant price changes. But gold has potential for the future good returns from long-run view but the involvement of the major countries is indicating there can be some other role for which gold is getting chosen.

People who have invested in gold for a long period of time have benefited greatly. The price of gold has increased tremendously over the past few days and those who have invested have reaped huge profits. Especially when fiat currency values were dumped in countries around the world to make up for their deficits with all the gold they held in reserves. Economically, they have earned huge profits by investing in gold. So investing in gold for a long period will definitely give good profits in the future.

Gold is a type of investment that has been used since humans have known transactions, in the past people only used gold and silver so the transaction system was very simple and there were never problems such as inflation, in my opinion gold is the safest investment compared to others, if the property can go down but gold it won't drop significantly so when we need money we won't lose money. so that gold is a decent type of investment that we make the first priority.

Perhaps I did not understand your point well, but I can see that you built your idea on an imaginary premise; Because gold is one of the rare metals that cannot be produced as abundantly as you can imagine. There are scientific studies that can estimate the global stock of gold and for how long the mines will continue to produce, especially if we are able to produce substitutes for gold, and therefore its use will decrease and its price will decrease (it is difficult to happen) or that gold will be compensated in some of the functions that it performs, such as using it in Precision industries, and thus we will be able to benefit more from the world's reserves of gold, which are very limited.

Where I live gold prices are increasing drastically with each passing day and its impossible for any one to buy it or own it except from rich people obviously.
People wish to own it as their assets and investment because it is thought as a reason for financial stability for them.