Topic: What do you think of gold price in long term? - page 3. (Read 1696 times)

Actually gold is not something that is difficult to get. Gold can be produced from nature, it's just that it takes expertise to get it. If gold can be purchased in tons, it means it is not scarcity. However, the price of gold is stable, and will not lose value.

Gold definitely isn't something which one can buy and expect a high profit margins because it's a very different case compared to other investment options. Gold has been in use for centuries and it remains an important reserve asset. Important reserve asset won't be volatile enough to make someone very rich or very poor.

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By the way, I don't understand why Russia and China still prioritize gold and increase its reserves when Western countries have the highest gold reserves that no one can deplenish even if they buy tons of it.

A:

It's hard to say for sure, but there are a few factors that could play a role in this:

First of all, gold is a currency that can be traded for a variety of things, including gold bars, bullion bars, etc. This is the most important thing to keep in mind when looking at gold price.
Second, gold has a lot of volatility and volatility is not a good thing to have in a country like the US. It's very difficult to get rid of it, especially if you're going to have a lot of cash on hand at the end of the day.
Third, gold is volatile and can fluctuate over time (e.g. a year or two) and you need to be careful about how you deal with it.
Fourth, gold is not the same as other currencies like USD, GBP, etc. So the fact that it's volatile is a big problem for the currency system.
Fifth, gold is more of a risk than other currencies, especially in times of war, like the US-Afghanistan conflict in the 1980s and '90s.

A: Tipping point: gold is the world's most precious

Those who claim that gold price will go up in the future needs to remember a few facts. Gold as such is abundant in earth's surface. For example, the amount of gold that is dissolved in the oceanic water is estimated at 20 million tons (total amount of gold that has been mined till now is only around 200,000 tons). However, only in a few cases, the gold ore is concentrated enough to make the mining economically viable. That said, technology is advancing at a break-neck speed and it is quite possible that in the future mining gold from ores of lower concentration may be made possible. In that instance, the demand-supply equilibrium maybe disrupted and the gold price may crash.

I agree that gold is not going to lose value in the long term because it has some pretty good real use cases. Of course gold has been used as jewelery, investment assets and more, this has definitely proven beneficial in the long term. I also rarely compare gold with other investment assets because for me gold is not only an investment asset but also a piece of jewelry.

In the long term (10 years from now) it is possible that gold will become more expensive than it is today. People's interest in gold has always increased from year to year, so I think this assumption is becoming very strong.

gold value will of course kept increasing, gold value coming from general believe of the people that it's the only thing that saves them from the inflation.
we all know that in every massive inflation, like in the brink of crisis, gold value always increase, this only means demand is increasing which could also means that many are still resorting in gold in order to save their money.
therefore as long as such thing is still a thing, gold will always have its value increase overtime, even though it actually have low utility, it still considered something that's precious.

even though the valuation of gold is also quite fluctuative sometime and quite frequently it losses some value but it never stray from the fact that it grows linearly.

I personally think that people should still use and consider gold as nothing more than a hedge asset ( when its in its physical form), and not something to use to make money off of.  That being said, we are mining the ever living shit out of silver and gold and all other sorts of metals and precious metals, and we are getting to a point where it's going to be much harder to dig deep down like we'd have to to get gold.

I think that eventually, and I have no idea when, but eventually gold will double in value.

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

We only can conclude that Gold is over when it has no value anymore. As long as it has quite stable value and still many demands of it, it is untrue to say "Gold time is over / has passed". I am not a Gold lover (I'm Bitcoiner), but I don't deny that Gold is still one of the favorite investments. Gold and Land are the 2 main choices for people to invest their money here, I'm surprised that you say no people invest in Gold at your place. Where do you live, mate?

I support innovation, that's why I am here as a crypto investor/trader. But I don't deny that I also need something like Gold or Land where I can put my money without high risks. We can't invest blindly all our money in something that has high risks, some money needs to store on a bit stable things. And I think we also need investment in real things like Gold/Land, don't put all our money in digital assets.

This is my own perception,

DWYOR

Well, gold price has been progressing solidly since 2016, it went from $1100/oz  to  $1900/oz and to be honest, it has to potential to increase more in next years despite the global economic crisis and inflation. In my opinion, it is preferable to invest in hard assets such as gold, sliver, real estate, diamonds..etc instead of taking a risk by putting on your money in digital currencies, it is certain that Bitcoin investment is fruitful but what if the market suddenly shut down? Or Bitcoin’s price decreases dramatically to $10k ? Or your wallet gets hacked? .You have to expect the expected , we have no idea what tomorrow is gonna bring for digital currencies, that’s why we have to be completely prepared for all expectations and make different plans to minimalise the risk.

We don't need to compare the returns on gold with other investments, but gold is called a safe haven investment to make sure the owner can save long term without worrying about the impact of price fluctuations because every year the price of gold definitely increases a few percent even though it's not as high as expected, I think you have to have some gold investment rather than saving money in a bank which has an impact on inflation will experience a lower currency value.

The whole two year gold price chart looks interesting. Ever since all the global drama began back in February 2022 the gold price took a dive which is interestingly the period where a handful of countries start buying large amounts of gold.

Ever since October last year when I started this topic the market started reversing and basically that was near the bottom at $1600. Today which is about 6 months later the price is already 25% higher at ~$2000.

I'm still curious as to where this is heading specially since compared to 6 months ago a lot more countries have joined in the dedollarisation movement and dumped a lot more dollars. Part of them have to move into "gold standard" like decades ago.

No investment is free from risk, even if the government guarantees it. Banks guarantee their customers' investments, but the risk that most often occurs to customers is losing all or part of their savings due to being hacked or stolen by unscrupulous bank employees themselves. Return are not necessarily obtained, all of these nominals are hopes that may be obtained but there are no guarantees.

Gold was a good investment even before satoshi introduced bitcoin to the community. Gold is used as a medium of exchange or as a store of value asset or as an investment asset. Many investors become rich because of gold, but of course gold investment also has risks that cannot be completely avoided. Gold returns are not as high as returns on bitcoin or other investments such as real estate, but gold has become more expensive over the years and is still the most common investment choice worldwide even if returns are not guaranteed. The price of gold fluctuates, of course, but I can safely say that any gold investor who has done so in the last 10 years has gotten decent returns.

Do not think that buying gold is so easy and can provide you with a guaranteed income, remember that every investment is subject to risks. Don't forget Roosevelt's Executive Order 6102, when gold was taken from the population during the Great Depression. Therefore, as you can see, risks are always present, in any investment. But gold still looks very attractive as an investment, along with real estate, but such investments require a lot of money.

I think it will not be bad if you can keep investing in gold. If you can keep investing in gold, you will get good profit like bitcoin. But if you invest in bitcoin, there is a chance to make a lot of profit. Again, there is a chance to lose the money invested in bitcoin due to your own mistakes.  Yes. But if you invest in Gold, there is never a chance to lose money. I want to invest both my Gold and Bitcoin.

While gold has been a valuable commodity for centuries and has been used as a store of value, it is important to note that its value can also be subject to fluctuations in the market. While it is true that gold has practical applications and a limited supply, its value can still be influenced by factors such as changes in demand, geopolitical events, and economic conditions.

Additionally, while gold may be a good long-term investment, it may not be suitable for all investors. Investing in gold requires careful consideration of market conditions and the investor's risk tolerance, as well as the potential for storage and security costs.

Only one plausible answer, Gold will continuously increase in value.

The thing about gold is that it's the perfect investment. Limited supply but not that limited that it could be gatekept by the elite few, plus additional supply wouldn't dilute the demand for gold and may even increase it. Practical applications keep it from being relevant even if its visual appeal loses traction from the public, and it's a long-term commodity that has been in circulation ever since Humanity learned to like shiny things. So with that being said, as inflation goes up and the dollar value goes down, commodities and precious metals like gold and silver will remain increasing in value until such a point that it would stabilize again for a millennia or so. That's just how Gold works.

Value and price are two different things. And because this is about the price of gold, it can be said that the price of gold will indeed continue to move, be it in terms of increasing or decreasing. and the indication lies in the rate of inflation in a country's currency. For example, if Country A experiences hyper-inflation, the gold price in that country will automatically experience a price increase. because the value of the currency has decreased while the value of gold has not decreased or is stable. So the price of gold will increase.

so the answer is the price of gold will increase if inflation in our country increases every year which makes the value of the currency decrease (deflation). But the actual value of gold has remained stable over time. We can prove this if we convert the price of a land / land if it is purchased with gold from year to year. or we can convert it if we for example 10 years ago bought an animal such as a donkey, goat and so on using gold. and try this year to buy back an animal of the same size and type using gold. then the difference will not be too much. even tend to be the same.

but if 10 years ago we bought an animal with the same eyes and today we buy again the same animal with the same size and type with the same currency then of course today the money spent on buying these animals will be much more. because you realize it or not, that the value of the currency continues to decline from year to year, even without the news of inflation being heralded as it is today.

possible profit and risk worth it between gold and investing in Bitcoin, so both are still the best but the difference is whether someone is ready to take a lot of risks for future investment in Bitcoin or someone chooses to invest safely for the future with possible risks and very small gain.

everyone has different views on these 2 things, but in my opinion it is better to invest in both, gold is used for savings while Bitcoin is for investing with readiness for all the risks that will be faced.

Gold is not bad for investment, but if you look at the level of price increase that gold has, you will see that gold has a very small price increase rate when compared to other assets such as land (which is very strategically located) with residential areas. Likewise, when you make a comparison of gold with Bitcoin in terms of price increase, it is clear that you will find that Bitcoin is easier to get a price increase than gold in a short time.

Because the price of gold tends to increase slightly and stay at a certain price in the long term, whereas other assets such as Bitcoin can get a much bigger and very significant increase in the not so long term although this is also offset by the possibility of a decrease in price which is also not small. But in general, I think Bitcoin is classified as more suitable for long-term investments than gold, which is only suitable for storing the value of your money for a while.