What do you think of gold price in long term? - page 4.

STT

legendary

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Hold a bit of both, theres an advantage to the physical value and the parts they cannot just remove from your possession so easily.

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if energy became cheap enough

Dont worry too much about that outcome, if this occurs all commodities and prices will be rerated. Most likely that would be a bigger change then moving away from undefined economy that industrialization bought about.

Gold has lost it down trend of the previous decade, it should do far better this decade and at present monetary base has expanded faster then the price of gold which means its cheaper then it was previously even at 2000.

Unbunplease

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Nowadays, despite all the arguments about bitcoin's limitations and other advantages, people prefer to use what they can hold in their hands as a universal medium of exchange. Gold can be held in their hands, but bitcoin cannot. As for the value of gold - I don't think gold will rise in value indefinitely. Perhaps it will come to a certain stability soon.

cydrix

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The majority of older people think that gold is an excellent long-term investment, particularly if it means leaving riches to their children when they pass away. Having a backup of your finances is really fantastic, and gold is one of them because gold is one of the investment methods that is genuinely lucrative in the long term and it will endure till the end. I do invest in gold, though not that much for that thought as well.

DeathAngel

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I don’t think gold offers enough profit to justify investing in it. Compare its performance to bitcoin since 2009 & it’ll just show you how pointless it is to invest in good instead of crypto & even stocks.The ceiling price just isn’t good enough with gold to make me want to buy any. I think it’s an outdated asset which has no real future in the long, long term. Bitcoin is digital good, so much better.

Myleschetty

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When considering the long-term performance of every asset or investment. I believe the best way to make a good decision is to research deeply about the asset relevant eschelon in the next few years and its use case.
Apart from Gold being a valuable asset and one of the most reputable. It is also the same material used in electricity and gadget for energy transmission. Therefore, long-term investment in gold is a good decision.

theskillzdatklls

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In the long term, I do worry about asteroid mining or if energy became cheap enough, the process to simply create gold from other atoms.

If either one of those or something else came to be in the next 50 years or so, then the price could completely crater.

For that reason, even for long term minded sovereign minded individuals, precious metals should only make up some of their portfolio.

ItsCrafty

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Quote from: coinerer on April 22, 2023, 12:01:35 PM

Gold prices have seen the highest annual pumps in the last 10 years in 2017, 2019, 2020 which were 12.57%, 18.83%, 24.43% and the highest dumps in 2013 and 2015 which were 27.79% and 11 .59%. The survey found that the price of gold does not rise or fall as much year-over-year as is seen in crypto or other businesses. but gold will provide you a secure investment then others investment. Investing in gold does not have a high degree of risk. But chances of you getting high quality profit from here is very less but you can get more profit than bank savings/ FD but here too there is no guarantee.

Although the Gold price fluctuation is not so high but it is still most adopted element. Gold is real money and whole world cash sytem (Bank, buying, selling) depend upon gold. The paper currency are just cheque which we can claim actual gold anytime from the bank. Similarly our fund in banks are backed by gold and we can claim for gold if we want.

Gold price will increase more with the passage of time. We should hold some gold. because of low fluctuation Btc and crypto now become more popular. Btc up down speed is high this why its used most by investor. This is the reason now demand is not big and price of gold will not rise so fast

coinerer

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Gold prices have seen the highest annual pumps in the last 10 years in 2017, 2019, 2020 which were 12.57%, 18.83%, 24.43% and the highest dumps in 2013 and 2015 which were 27.79% and 11 .59%. The survey found that the price of gold does not rise or fall as much year-over-year as is seen in crypto or other businesses. but gold will provide you a secure investment then others investment. Investing in gold does not have a high degree of risk. But chances of you getting high quality profit from here is very less but you can get more profit than bank savings/ FD but here too there is no guarantee.

Litzki1990

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Gold is a very reliable commodity. People usually buy gold based on that decision when they remember that cash is not safe with them. People's interest in gold is always a bit high but what could be the reason behind India suddenly buying such huge amount of gold. Maybe the Indian government has some special gold centric plan that is why they have bought so much gold.
Good news in the gold market will not be surprising. And if there is good news in the gold market then it will be seen that the price of gold will increase gradually.

If you think that there is going to be any positive news in the gold market, then it is better to buy some gold and store it. Because no opportunity should be missed as the chance has arisen so it should be utilized as far as possible.

reizella28

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Quote from: Antotena on April 22, 2023, 10:00:39 AM

Gold is a rare metal that it's like for it attractiveness and women loves it more and also showbiz people like actress, actors and celebrities in general. I don't know what will be the actual price of Gold tomorrow but it will continue to rise as more people continues to search for it and we know they are rare, scares to get. If economies don't get bad like what happen in convid19, I expect to see the increase in the price in the future.

Yes that's why some people invest in gold which is in low supply. Having gold for a long time can actually get you rich if the economic situation is healthy. Lets be honest people really buy gold not only for its beauty but from what you said the rarerity of it like people loves to brag to other people they can't afford. In history gold is already a thing so imagine it reaches it point now so it would be possible for a long period like years. People even take it as a job to mine gold if you watch tiktok you could see some guy searching gold from the river.

virasisog

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Quote from: ichsan ardi on April 22, 2023, 09:20:11 AM

I think investing in gold is really worth it for the long term because gold is one of the safest investments in my opinion because gold has a very low risk and gold is very liquid when selling.

Investing in gold is like buying a property that you can wear physically. I can also say that it's worth investing because its value is continuously rising and yes, it's safest because compared to other forms of investment, it isn't too risky though we can't expect very high profit in just a short period. It might be considered as a traditional way of investing but it never losses its value. No wonder why lots of people are now investing in it because people could now see its worth.

Antotena

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Gold is a rare metal that it's like for it attractiveness and women loves it more and also showbiz people like actress, actors and celebrities in general. I don't know what will be the actual price of Gold tomorrow but it will continue to rise as more people continues to search for it and we know they are rare, scares to get. If economies don't get bad like what happen in convid19, I expect to see the increase in the price in the future.

gunhell16

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I can't deny that gold is a good investment, but if I were to choose between Bitcoin and gold, I would choose Bitcoin second only to Gold when it comes to long-term investment.

We have already tested Bitcoin, maybe when I make a good profit from Bitcoin with the increase in its value, I will be able to buy Gold probably when the bull run season comes for sure in my opinion.

ichsan ardi

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I think investing in gold is really worth it for the long term because gold is one of the safest investments in my opinion because gold has a very low risk and gold is very liquid when selling.

Negotiation

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When import prices change due to global price movements gold prices are subsequently reflected. During any political upheaval the value of currencies as well as various financial products may fall, investors see gold as a safe haven and the demand and price of gold increases during political turmoil as compared to peaceful times. When their confidence in the government and the market declines and as gold is called a crisis commodity, interest in buying gold increases among consumers.

Freddie Boyer

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Quote from: pooya87 on October 27, 2022, 01:50:30 AM

As fiat currencies dump, some countries are moving towards increasing the amount of gold they have in their reserves. More specifically some of them are dumping US dollar to replace it with gold. For example India recently bought 200 tonne of gold and there is rumors of more conversions happening. China has been doing something similar under the radar. So are others.

However, we haven't seen any significant changes in gold price yet to approve the above news.

I'm wondering what does everyone think about gold price in the long term, specially in coming year or two as the conflicts get worse and more economies crash which would push regular people to invest in gold and more governments to start increasing their gold reserves on larger scale.

If pay attention to the moment Several countries have increased their gold reserves and reduced their dependence on the US dollar. If I'm not mistaken, the factors that can affect the price of gold include global economic conditions, interest rates and inflation rates. I think this Trend has the potential to cause increased demand for gold and could push the price up in the long term. Moreover, in times of economic uncertainty, people tend to turn to safe-haven assets such as gold, which can further increase demand and prices.

Altryist

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Quote from: Obari on April 21, 2023, 03:03:44 PM

As time goes long on the damand of gold will be extremely high so as the price of it also gold is a valuable most needed by almost everyone on earth is believe the demand of gold led to the high cost this few years and as time goes on the rate of demand will also increase although many will not have the money to purchase real gold but with few one's who have the money to buy will always want to buy it bulk just like the Indians and the Chinese did
We all know the importance of gold and how it is profitable so I believe everyone on earth will like to involve in the business of buying and selling of golds

Actually, this is not so, every person does not have a need for gold, you wanted to say that everyone would not mind having some gold, but people do not have such needs. After fiat money is no longer backed by gold, we see an increase in the price of gold. Now I see the same thing, more and more fiat money is being printed, and this will lead to a further increase in gold, but whether it is worth investing in it now is everyone's business.

Gallar

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Quote from: pooya87 on October 27, 2022, 01:50:30 AM

I'm wondering what does everyone think about gold price in the long term, specially in coming year or two as the conflicts get worse and more economies crash which would push regular people to invest in gold and more governments to start increasing their gold reserves on larger scale.

Gold is indeed a very promising investment asset, because it has been proven a long time ago. Everyone already knows what gold is, whether it's the upper class, the middle class, and the lower class. So it's no wonder, gold is trusted by many people, to be used as an asset for the future. With the many uses of gold, and with a very stable price, gold is very popular among all people. So it's no wonder that India has started stockpiling so much gold, because the potential of gold is clear in the future.

And when it comes to the price of gold from year to year, in my opinion, it always has a not too big increase, but has good consistency in its increase, in essence, gold has a steady increase every year.

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As for the domestic gold price, Antam's gold price throughout 2022 rose from IDR 945,000 ($63.27) per gram to IDR 1,026,000 ($68.69) per gram or an increase of 8.6%.

2022

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Antam's gold price for the first half of 2023 will range from IDR 1.11 million per gram to IDR 1.17 million per gram ($74.32-$78.33). Meanwhile, at the end of 2023 the domestic gold price will be in the range of IDR 1.22 million per gram – IDR 1.23 million per gram ($81.68-$82.35).

2023

Source
• www.bareksa.com/berita/emas/2023-01-02/harga-emas-2022-melonjak-9-kalakan-ihsg-prediksi-2023-makin-moncer/amp#bsht=CgRmYnNtEgQIAzAC
• https://www.google.com/amp/s/amp.kontan.co.id/news/krisis-perbankan-dunia-harga-emas-bisa-makin-naik-di-tahun-2023

Obari

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As time goes long on the damand of gold will be extremely high so as the price of it also gold is a valuable most needed by almost everyone on earth is believe the demand of gold led to the high cost this few years and as time goes on the rate of demand will also increase although many will not have the money to purchase real gold but with few one's who have the money to buy will always want to buy it bulk just like the Indians and the Chinese did
We all know the importance of gold and how it is profitable so I believe everyone on earth will like to involve in the business of buying and selling of golds

Doan9269

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One of the most valuable physical asset I will always love to have is gold but for the fact that possessing it requires going through a KYC procedures from where you want to acquire it makes it more difficult for so many people to use it as their moat preferred asset not until bitcoin set in, the price favourable because it also increases with time, but gold profitability follows after bitcoin in order of preference on asset and ever remain valuable.

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