Topic: What do you think of gold price in long term? - page 6. (Read 1696 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.
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.
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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.
Until now, many world governments have continued to increase their gold reserves in order to keep their fiat currency stable and can be used at any time to buy back when their fiat currency falls or the investment value in their country decreases, but because the current supply of gold is sufficiently abundant, making the price remain in the stable category.
Price fluctuations in gold are also not too large every year, so people still tend to have greater trust in gold even though it is not for investment purposes, because there are also people who use gold only for jewelry or to decorate themselves without thinking about investment. Even though there are many who store gold for investment purposes, considering that trust in gold is still very large and has not decreased in the eyes of the public.
I still remember my mother's words very well, that I have to have gold as a long-term investment because the demand will continue to exist and the resale value in the future will not make a loss. from there I think that since long ago, many people have depended on their investments in gold and it is difficult to change, and it can last for decades to come. for stable long-term investment, I think gold is very good but to get rich from gold investment, I think it's difficult.
unlimited supply of gold in this world and every day is always mined to affect the development of the existing ecosystem. but until now trust in gold is still perfect, so that everyone thinks the same, namely gold is suitable for investment tools. I think that if public confidence in gold is maintained in the future, the price will be higher, and it is suitable for long-term investment, even though the price fluctuates.
It cannot be said that there is an unlimited supply of gold on our planet. Gold has been mined from the bowels of the Earth for many millennia and its reserves are depleted like other minerals. It’s just that the tools with which gold is mined are constantly being improved, and therefore the amount of gold mined is growing. As money and a means of payment, gold will always be in demand in the foreseeable future. The situation, for example, may change if humanity masters at least near space and brings a lot of gold to Earth. Then, of course, it will fall in price as the supply increases. unlimited supply of gold in this world and every day is always mined to affect the development of the existing ecosystem. but until now trust in gold is still perfect, so that everyone thinks the same, namely gold is suitable for investment tools. I think that if public confidence in gold is maintained in the future, the price will be higher, and it is suitable for long-term investment, even though the price fluctuates.
Price fluctuations in gold are also not too large every year, so people still tend to have greater trust in gold even though it is not for investment purposes, because there are also people who use gold only for jewelry or to decorate themselves without thinking about investment. Even though there are many who store gold for investment purposes, considering that trust in gold is still very large and has not decreased in the eyes of the public. 
unlimited supply of gold in this world and every day is always mined to affect the development of the existing ecosystem. but until now trust in gold is still perfect, so that everyone thinks the same, namely gold is suitable for investment tools. I think that if public confidence in gold is maintained in the future, the price will be higher, and it is suitable for long-term investment, even though the price fluctuates.
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.
Yes. Only photographically, and I haven't understood how they've known it's made out of gold, or how far that is.
Its density has been determined, and it implies that it is from the core of a planet. They they have some knowledge about the composition of the core of a planet, so they use that to estimate the amount of gold and other metals.
Nobody will extract any gold from that asteroid if the price of gold is not high enough to make a profit.
Depends on how it would be divided. If one entity, or one government, suddenly acquired this gigantic amount of gold, it could essentially monopolize. The price of ounce would definitely drop, but the market capitalization of total gold wouldn't have a reason to change, right?Assuming that it would not be profitable, I suppose an entity could mine all the gold and sell it at a loss, but why would they do that?
By "captured", they meant photographically.
Yes. Only photographically, and I haven't understood how they've known it's made out of gold, or how far that is.As for "if brought to Earth", you have completely ignored the cost of doing that, as well as the cost of mining. Nobody will extract any gold from that asteroid if the price of gold is not high enough to make a profit.
Depends on how it would be divided. If one entity, or one government, suddenly acquired this gigantic amount of gold, it could essentially monopolize. The price of ounce would definitely drop, but the market capitalization of total gold wouldn't have a reason to change, right? - Nasa has captured an asteroid which, if brought to Earth somehow, can nullify gold's price: https://robbreport.com/lifestyle/news/rare-psyche-asteroid-worth-way-more-than-the-global-economy-1234577976/
- By "captured", they meant photographically.
- As for "if brought to Earth", you have completely ignored the cost of doing that, as well as the cost of mining. Nobody will extract any gold from that asteroid if the price of gold is not high enough to make a profit.
But diversification is very important in my opinion.
I don't know how true that is. From personal experience I'm fine with 100% of my long-term portfolio allocated to bitcoin. Downside with gold, stocks, real estate and the like, is that government can catch you avoid taxation. So part of your allocation goes straight to government spending. On the other hand, earning bitcoin anonymously, and exchanging it peer-to-peer makes it relatively easy to avoid taxation.As for the NASA thing, as I mentioned before I don't really see any viable way to bring the asteroid to earth with the existing technologies.
Nor do I see it viable to steal P2PK outputs, with current technology. 
Flawed analogy or not, the asteroid is the last thing that keeps me away from investing into gold.
Reasons why I wouldn't invest into gold:
There is no doubt about bitcoin, in fact more than 85% of my networth is in bitcoin already. But diversification is very important in my opinion. I already real estate and some gold coins which I would like to increase.- It hasn't acted as a hedge against inflation ten years now, as rightly pointed out by odolvlobo.
- We have bitcoin, that can work better than gold in terms of transaction cost, confiscation, transparency, verifiability and portability.
- Nasa has captured an asteroid which, if brought to Earth somehow, can nullify gold's price: https://robbreport.com/lifestyle/news/rare-psyche-asteroid-worth-way-more-than-the-global-economy-1234577976/
As for the NASA thing, as I mentioned before I don't really see any viable way to bring the asteroid to earth with the existing technologies.
In the long run, the downward trend of global long-term real interest rates is difficult to change. The extremely loose monetary policy has weakened the value of credit currency, and the value of gold as a physical currency and financial investment product continues to increase.
Gold has always been a valuable object. Almost all objects made by humans contain gold. For example, electronic devices, mobile phones, electrical panels, as well as other equipment.
Over time gold will definitely be depleted and make the price more expensive.
If we collect gold at the present time, I think it will be very profitable to use in the future.
The price of gold will never decrease. Because gold is a valuable object.
Over time gold will definitely be depleted and make the price more expensive.
If we collect gold at the present time, I think it will be very profitable to use in the future.
The price of gold will never decrease. Because gold is a valuable object.
It doesn't seem like a bad idea to have some gold in your portfolio, but the question we really have to ask is what percentage of our total portfolio should be invested in gold?
This shouldn't be a major concern. It should be according to individual capital and strength of investment. Your personal conviction about gold investment will give you that kind of push to either divide your portfolio to be loaded in gold than other assets or to have it 50/50 but in my reasoning, the investment that has greater potential now for growth is what should be considered. I think bitcoin in no time is going to leave the bear areas and start to grow and with halving you can have another ATH. Therefore, I may choose the bitcoin investment and altcoins.
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.
India is definitely the largest buyer of gold since they have huge attraction of the gold. They have traditional and cultural value for the gold so I am pretty sure that India stands out when it comes to the gold asset.
Regarding the Gold prices, well its always been on the hike since the ancient times. I don't think we need any special view regarding the Gold's future. Many governments are actually reforming the finances and reserves in the form of Gold bonds and specifically country like India is pressuring this more through public investment sectors.
The recession is going to be another prime reason during next couple of years when gold will serve perfect reserve value for most of the individuals and institutions. It's rare, its gold!
Reasons why I wouldn't invest into gold:
- It hasn't acted as a hedge against inflation ten years now, as rightly pointed out by odolvlobo.
- We have bitcoin, that can work better than gold in terms of transaction cost, confiscation, transparency, verifiability and portability.
- Nasa has captured an asteroid which, if brought to Earth somehow, can nullify gold's price: https://robbreport.com/lifestyle/news/rare-psyche-asteroid-worth-way-more-than-the-global-economy-1234577976/
Most of the elderly people believe that gold is a great source of investment for long term especially so they can inherit the wealth to their kids in the future when they gone. I do invest on gold although not that much for that thought as well, having a backup of your finance is really great and gold is one of them because gold is one of the investment method that is actually profitable in long run and it will survive until the end.
Also huge 2% pump in just a day is quite nice for those holders on gold.
Same as that we have cryptocurrency, it was gold during their days. Many have turned rich out of gold investment and that makes it a more trusted investment than other forms of investment. The growth is sure, but it won't give big profit same as we experience with cryptocurrencies.Also huge 2% pump in just a day is quite nice for those holders on gold.
It gets importance because of its wide acceptance. In emergency if we don't have money we can just provide it as collateral and receive money all around the world.
basically everyone has their own preferences in terms of investing,
indeed, when compared to crypto, gold investment is still a safer investment
but the question we really have to ask is what percentage of our total portfolio should be invested in gold?
It depends on the situation, in my experience.One situation is if you are facing high inflation, gold could be a good investment. For example about 3 or 4 years ago our national currency tanked and during that year gold price went to the moon making it an excellent investment. Conversely over the past year our fiat exchange rate has been pretty much stable which means gold price chart looks exactly like the global one against USD which makes it a less favorable option specially because of its dump.
Another situation is what I explained in OP. A global crisis and if countries start moving towards amassing more and more gold in their reserves. I'm just speculating here but I see some evidence of countries moving towards that already.
I would say that it should be a small percentage for most people. Right now is a great time to own gold, but stocks are still the best long-term investment for most of us.
It doesn't seem like a bad idea to have some gold in your portfolio, but the question we really have to ask is what percentage of our total portfolio should be invested in gold?
It doesn't seem like a bad idea to have some gold in your portfolio, but the question we really have to ask is what percentage of our total portfolio should be invested in gold?
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