A price increase. Capital creates markets and demand. Monetary policies are also just a springboard for them to gain more profits. Gold is limited and is chosen by many countries to store assets. The continuous issuance of currency over time will cause gold to increase in value.
Also, gold is consumed by different industries. That also makes gold more scarce.
Topic: What do you think of gold price in long term? - page 5. (Read 1696 times)
World millionaires who have billions of dollars of money will of course choose gold for investment, in my country when covid or 3 years ago there were rich people who bought about 2 tons of pure gold, and the price of gold has gone up more than 15% in 3 years so the money has increased by 15% Of course, gold is the safest and most promising investment for the long term.
You are right, It is even more than 15% high in price than what you said.
Gold Price in USD per Troy Ounce for Last 3 Years
Gold is a stable asset with low to no risk per se and as you said, we too have a Gold market here and you see many people in that section of the market regularly. I believe it is another safer investment for the rich folks because of its stability in price which is less than what you see in Bitcoin especially.
Whether we admit it or not Gold has been a store of value for centuries and has maintained that status despite the introduction of various forms of currency from time to time. Bitcoin and other cryptocurrencies have gained popularity in recent years, but are still relatively new and have yet to achieve widespread adoption and stability of traditional currencies or commodities such as gold. Cryptocurrencies themselves still depend on technology and infrastructure that are vulnerable to cyber attacks or other disturbances. Is BTC able to replace Gold in the future?? I haven't gotten there yet.
If you think in terms of standards, many would say that the value of gold will increase over time. However, if we take into account the transition of countries to digital currency, we can assume that over time, gold may lose its status, and its place will be taken by, for example, bitcoin.
Gold will keep on increasing its value in the long run because of the history that it has built in the past years that lead people to desire holding gold. Just the basic demand and supply concept, everytime the demand for gold increases, the price increases since its supply is relatively scarce.
Gold is a very good investment, safe and can last until this world ends, we don't know whether Bitcoin can still last 20 years or not, but Gold has been used since thousands of years ago, because it has a physical form of course anyone will quickly know and Receiving gold, the increase that occurs is also more stable which is usually also influenced by inflation, the higher the inflation, the increase that occurs is also high.
Exactly why gold will keep on increasing its value. Because people think that it is a good investment, where in fact it is, and it increases the demand. In terms of inflation, when the value of money decreases, most people start to invest in gold as if they are preserving money. Gold actually act as preferred hedge because it is not affected by devaluation of money. 
Gold is a very good investment, safe and can last until this world ends, we don't know whether Bitcoin can still last 20 years or not, but Gold has been used since thousands of years ago, because it has a physical form of course anyone will quickly know and Receiving gold, the increase that occurs is also more stable which is usually also influenced by inflation, the higher the inflation, the increase that occurs is also high.
If finances allow you to diversify your investments, then gold should be in your portfolio. This is what made it possible to survive many crises and wars, one of the more reliable investments. In the future, the price of gold will rise, as it always has.I read here on the forum an assumption that they can find a lot of gold, either on Earth, or on some asteroid in space, and this will bring down its price, but so far these are all words, while gold remains gold and most likely will remain more very long time.
Gold is a very good investment, safe and can last until this world ends, we don't know whether Bitcoin can still last 20 years or not, but Gold has been used since thousands of years ago, because it has a physical form of course anyone will quickly know and Receiving gold, the increase that occurs is also more stable which is usually also influenced by inflation, the higher the inflation, the increase that occurs is also high.
Gold is an investment that has been used for thousands of years and I'm sure it can last for thousands of years, everyone likes gold and makes the demand for gold continue to increase, it's only natural that gold is the best and ideal standard for setting prices, and for the long term I optimistic that the price of gold will continue to increase.
In the past, gold was indeed a good standard in determining prices for something, but this did not apply to all countries so that not all countries also held a standard for setting prices through gold. Moreover, in the past fiat currencies such as the dollar also used to determine the price of various products before cryptocurrencies got better development. But for now gold and dollars have found competition and some countries also don't use them as a price setter for something.
Even though gold is still very suitable to be used and brought into future investments, you should also realize that currently there are many other choices that are also not bad to use and invest in the long term for a better future. I can only recommend you to choose Bitcoin as a future investment while you invest with gold because both are not bad to invest from now on by everyone who likes both and also understands both very well.
World millionaires who have billions of dollars of money will of course choose gold for investment, in my country when covid or 3 years ago there were rich people who bought about 2 tons of pure gold, and the price of gold has gone up more than 15% in 3 years so the money has increased by 15% Of course, gold is the safest and most promising investment for the long term.
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We cannot assume that what will be bitcoin in future but we have strong thoughts that gold will always persists as a beneficial way of saving and will save your money in more successful ways.
We cannot assume that what will be bitcoin in future but we have strong thoughts that gold will always persists as a beneficial way of saving and will save your money in more successful ways.
If you'll look into the history you'll find out that the same thoughts were about iron when it costed much more than gold several thousands years ago. Technologies development made it one of the most cheapest metals. Couple of centuries ago aluminium costed much more than gold and was very popular and aristocratic. Technologies development changed the situation in this case as well. Why are you so sure that technologies development is stopped and era of expensive gold will never end like eras of other expensive metals?
Gold price is elevating day by day and saving money in form of gold is beneficial therefore everyone wants to buy it. But if a person wants more success and larger profit then bitcoin is also excellent saving strategy. The price of both gold and bitcoin fluctuates but gold will never end up because it is used and people save money in gold from centuries while most of the people do not thing bitcoin as a safe way may be because of little knowledge.
Gold and bitcoin both are valuable but people prefer bitcoin as it provides greater advantages and its price get better very quickly. Gold can reserve and one important thing about gold is that its price does not get in such a dip like that of bitcoin.
We cannot assume that what will be bitcoin in future but we have strong thoughts that gold will always persists as a beneficial way of saving and will save your money in more successful ways.
Gold and bitcoin both are valuable but people prefer bitcoin as it provides greater advantages and its price get better very quickly. Gold can reserve and one important thing about gold is that its price does not get in such a dip like that of bitcoin.
We cannot assume that what will be bitcoin in future but we have strong thoughts that gold will always persists as a beneficial way of saving and will save your money in more successful ways.
It is hardly worth hoping that in the foreseeable future, humanity will be able to find in space and deliver to Earth a large amount of gold, and even more so, some kind of golden asteroid in such quantity that the price of this metal will fall sharply. Gold as a metal and jewelry will always have a high value, but a change in priority to other chemical elements or their compounds is quite possible. The periodic table continues to be replenished with more complex elements and they may turn out to be even more valuable than gold. But this is in a very distant future. So far away that it can be considered that nothing threatens gold as an eternal value.
Well, it is hard to predict about technical development and when space mining will become a reality so I don't know if it can be possible in the nearest future. But if we talk about that gold will be as valuable as now then I'm not so sure as you: look, over 50% of demand of gold is on jewelry, main countries where golden jewelry is still popular are India and China (about a third part of entire market per each). So if someday Chinese and Indians will consider that gold is not so popular then all market will go down. Because just 25% of marker is on investors and less then 10% on industry. It is mainly a matter of vogue. Maybe it stay popular for centuries more and maybe something else will replace gold in a few years, hard to predict. But it is definitely not so imperishable as it seems.
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.
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.
This is an absolutely correct policy of avoiding the accumulation of capital in the country. The dollar is an unsecured piece of paper that has not been tied for a long time and is not secured by anything. Gold has always been and will be a valuable resource, as it was hundreds of years ago and will be in the future. I think that it should be kept in your investment portfolio.
I do not expect a significant increase in the price of gold in the near future.
Gold is a conservative asset. It is difficult to store, difficult to transport over long distances, and difficult to check for presence and authenticity. Gold transactions usually require an intermediary (for example, in the form of a bank or a broker that has the appropriate government license).
The presence of an intermediary means that any transaction with gold is accompanied by the payment of a rather large intermediary commission. At the same time, gold is not only a precious metal, but also an industrial product (gold is used, in particular, in microelectronics).
Therefore, the government does not benefit from a large increase in the price of gold (this can negatively affect industrial production and the development of the world economy).
Therefore, I believe that in the coming years, the rise in the price of Bitcoin will outstrip the rise in the price of gold.
Gold is a conservative asset. It is difficult to store, difficult to transport over long distances, and difficult to check for presence and authenticity. Gold transactions usually require an intermediary (for example, in the form of a bank or a broker that has the appropriate government license).
The presence of an intermediary means that any transaction with gold is accompanied by the payment of a rather large intermediary commission. At the same time, gold is not only a precious metal, but also an industrial product (gold is used, in particular, in microelectronics).
Therefore, the government does not benefit from a large increase in the price of gold (this can negatively affect industrial production and the development of the world economy).
Therefore, I believe that in the coming years, the rise in the price of Bitcoin will outstrip the rise in the price of gold.
Gold is an investment that has been used for thousands of years and I'm sure it can last for thousands of years, everyone likes gold and makes the demand for gold continue to increase, it's only natural that gold is the best and ideal standard for setting prices, and for the long term I optimistic that the price of gold will continue to increase.
There is a lot of gold in the planet. The only problem is that only a very few deposits make financial sense for extraction. Other deposits are of low quality, and it costs more to exploit them compared to the potential returns. However, as the gold prices increase, many of these deposits may become financially viable. And another factor is the environmental damage. A large fraction of the gold output comes from regions such as Amazon rainforest. As countries implement more environmental friendly regulations, the output from these regions may decline.
And there's even more gold in the space. One day someone will decide to get a golden asteroid to Earth and gold price will will fall really quickly. Fortunately bitcoin has no such backdoor at the moment. And fortunately gold price is not decisive for the world economy. It is just a familiar asset for investing.
Of course all metals will keep their importance in long term, but I think that more in an utilitarian sense than in financial.
Long-term it's a no-brainer for me, especially in the last 40-50 years.
Yes, there's has been shifts, but amidst everything, I think it's very resilient and one of the standard go-tos in these times.
Yes, there's has been shifts, but amidst everything, I think it's very resilient and one of the standard go-tos in these times.
It can be said that gold is the best investment choice compared to anything, if we invest in property and then a disaster occurs, for example an earthquake, of course property prices will drop, or stock investment can drop at any time, while gold is an investment that has almost the same trend all over the world, this is because gold has been used for thousands of years and will continue to be used, countries that use gold will never be affected by inflation like countries that only rely on fiat.
Gold has advantages and disadvantages over other traditional investments. Real estate and gold have always been a priority investment for the elite, and this is likely to remain unchanged for a long time to come. But if a person does not own large capital, then he needs to look for something more promising, like bitcoin. But besides bitcoin, I invest some part of my savings in gold, I don’t like to keep all my eggs in one basket.
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.
In my opinion is the era of gold over, because it's not the safe haven anymore everybody thought it would be. In the past gold was viewed upon as the main commodity to keep it's value during a crisis. For my parents and grand parents is was normal to store some of their money in gold. For them it was the best hedge against inflation on which they could always count on. But now we are seeing that it's not true anymore, over the last 12 months we reached an inflation of 10% and still the gold price dropped 8% in the same time. More and more investors are going to realise this and will lose their interest in gold long term. That is why I don't think the price of gold is going to rise long term. There is still a lot of demand for gold in the production sector and for jewelry, that will keep the gold price around the 1500 USD level. But the investors are going to reduce their gold holding long term and together with higher inflation it's not going to be a profitable trade.
Gold is still there, still a top priority asset, and never out of hot. In the past year, countries taking advantage of the economic crisis have hoarded gold in large quantities, it can be said that gold is still considered a top priority asset of the national reserve budget. Just because we don't invest in gold doesn't mean it's obsolete or that no one needs it anymore. We invest in bitcoin because we don't have too much money, and we want to find a get rich quick investment, it's true. As for gold, it's for larger investors, when you buy a small amount, the profit will not be significant, but if you trade with a large amount, the profit is not small.
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.
In my opinion is the era of gold over, because it's not the safe haven anymore everybody thought it would be. In the past gold was viewed upon as the main commodity to keep it's value during a crisis. For my parents and grand parents is was normal to store some of their money in gold. For them it was the best hedge against inflation on which they could always count on. But now we are seeing that it's not true anymore, over the last 12 months we reached an inflation of 10% and still the gold price dropped 8% in the same time. More and more investors are going to realise this and will lose their interest in gold long term. That is why I don't think the price of gold is going to rise long term. There is still a lot of demand for gold in the production sector and for jewelry, that will keep the gold price around the 1500 USD level. But the investors are going to reduce their gold holding long term and together with higher inflation it's not going to be a profitable trade.
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