Topic: What do you think of gold price in long term? - page 8. (Read 1696 times)

I guess, there is a something special they saw ahead of gold price that made them to invested such amount of money on gold, because India investors are very good in long term trade. For them to purchased 200 tonne of gold in this bear season that is affecting both gold and crypto, show that gold price will break record next year or next two years by increasing to a level gold investors have never experience before since the creation of gold. If what gold researchers are saying in the community will happen in the future, show that India investors that invested a huge amount of money on gold will turn to billionaires in future.

Another thing that many people don't know is that gold trading commissions eat you up. If you buy $1k of gold today and go to sell it tomorrow to the same place, at most you're going to get $950. These commissions go down as you buy larger amounts but for the average person it only makes sense to buy it to keep it for a long time as a store of value and liquidity.

It is better to buy investment gold, bullions, than coins for example, and the last straw is for those who buy gold jewelry as an investment, because if you buy, for example, a gold bracelet worth $1k, you are being charged for having done it as costume jewelry. If you go the next day to sell it they will pay you the price of molten gold and I don't think it will be more than $250. Another thing is that you or your wife like to wear the jewelry.

But in short, if you want to buy gold, better bullion and better in the very long term.

Gold has been used as the safest investment tool for many years. People around the world are making most of their investments in gold. In the face of this trust, gold also gives its due.
Compared to Bitcoin, it is one step ahead again. Bitcoin is more profitable, of course, we make a profit faster. However, both in the short and long term, gold seems more reliable to people. Especially people who don't know much about bitcoin think that gold is better. As far as I'm concerned, bitcoin is one step ahead. I always invest most of my money in bitcoin.

Fiat currency is not able to protect value, so the countries you mentioned choose to buy gold as a reserve supply to store, fiat currency continues to lose value over time and is even worse when inflation or deflation occurs.

Although gold has not shown significant price changes, if explored further, gold can maintain value over time, thus storing gold is much better than fiat currency.

Gold may not be able to raise high selling prices in the next few years, but gold's strength is much better in terms of holding assets, so the opportunity to move slowly is actually safer in maintaining value.
Long before countries used fiat currencies, gold and silver were the best way to suppress inflation and deflation, the glory of gold and silver can be found in various past histories and this may be part of the decisions taken by the countries you mention.

It is spending that brings the biggest difference between gold and crypto. That is why crypto is gold+fiat fused together at the same time. You invest into it for the long term to make money just like gold, but you spend it like fiat and buy anything from anyone all around the world at the same time like you are using fiat with paypal. That’s the greatest thing about crypto, plus it is decentralize which means there is no government at the top of it, and there is no company like paypal to tell you anything neither, you are free to use it however you want.

Basically, it’s the best of all worlds when it comes to it. Gold is fine and dandy, but not enough, you can't spend it that easily, it’s very hard.

But in addition to owning resources, these countries must also be well developed economically and with a low level of corruption. In fact, countries that own large reserves of resources could already strengthen their currency, but this does not always happen and there are a lot of reasons for this. So tough manipulative management of currencies within the country will not be accepted by the world. These are complex economic processes and I am not sure that support of the currency by gas or oil will be accepted.

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.    

I'm sure the price of Gold will continue to increase, as we know that Gold is the world's oldest investment, can be accepted anywhere and will never be abandoned, Gold has always been a measure of wealth because most people are rich in investment and hold gold.

No, no and NO. Let me be clear in this.

You CANT come back to that because the modern economy doesnt work in that manner.

The modern economy faced a big problem with per example the I+D industry. This industry can make trillions of worth one day and let them dissapear in a night only for expectations. With gold  backed currency you cant follow this brutal movements. Its the problem who faced U.S after winning the WW2 and in that moment I+D industry was really small.

Im not only talking about speculation.

But, for your point Gold keeps doing a great work for store of value so for that the central banks are buying a lot of gold in times of high inflation and uncertainty.


One thing i want to mention its, Gold its not pure speculation, finatial and jewelry. Gold its really important in industry and now more than ever. Dont forget all the chips of ours computers have gold.

So dont forget that gold still a metal.

USD does not have hyperinflation it has inflation.

"Definition[edit]

Hyperinflation in Argentina
In 1956, Phillip Cagan wrote The Monetary Dynamics of Hyperinflation, the book often regarded as the first serious study of hyperinflation and its effects[5] (though The Economics of Inflation by C. Bresciani-Turroni on the German hyperinflation was published in Italian in 1931[6]). In his book, Cagan defined a hyperinflationary episode as starting in the month that the monthly inflation rate exceeds 50%, and as ending when the monthly inflation rate drops below 50% and stays that way for at least a year.[7] Economists usually follow Cagan's description that hyperinflation occurs when the monthly inflation rate exceeds 50% (this is equivalent to a yearly rate of 12874.63%).[5]"


above is from wiki see link:

 https://en.wikipedia.org/wiki/Hyperinflation

monthly inflation rate of 50% = hyperinflation

USA rate is under 1% a month.

Please get your terms correct.

I heard those rumors from China, and also about stopping paying for oil in dollars to pay in that supposed new Chinese currency, which could well be the CBDC. Searching the internet I see this:

Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today

Whatever the expert says, as he will probably be biased, I will not comment on it.

One of the things I find interesting about gold is that it is very convenient for storing and transporting medium quantities. Bitcoin can be used for both medium and very large amounts. There is nothing better to transfer $1B quickly from NY to Warsaw for example. But having a few thousand $ in gold or even tens of thousands does not occupy, does not weigh much and you can carry it in a suitcase.

Over the past couple of years there has been some rumors and evidences that could lead to the conclusion that countries (specially in the Eastern Bloc) are moving towards a commodity backed currency. One of those commodities is gold. There are some proposals and talks about using energy too. For example when you have the most gas and oil reserves in the world you could simply back your currency with that (essentially something like Petrodollar but for their respective currencies).

I know its a ideal hedge to overcome inflation. I can see how paper cash losing its values every year compare to gold which only increased against fiat currencies. Price of gold mostly stays stable or increase over time. It has a world wide acceptance and not volatile as much as bitcoin so i think its a safe investment plan for long term. People who just wants to tackle inflation gold can be a good friends for them in situation like this.

Safe? I bought silver a few years back at around $40. It went up a little from there but then the bubble popped. I managed to dump mine at $34, which made me happy because at least I wasn't holding on to it as it dropped below $20. Now where is it? Gold has recovered since then but silver still has a way to go.


The world is constantly changing. If there no reason for a 40-to-1 ratio, then there is no justification for believing that it will ever return to 40-to-1.

It's like the GBTC discount. There is nothing forcing its price to align with the price of BTC, so there is no reason to believe that the discount will go away. If the situation changes, then perhaps we will return to the status quo.

But at this point it is just wishful thinking, for both GBTC and silver.

For me, i would rather buy Bitcoin than invest in gold, i think the price of gold is too stable to really yield a significant profit in the long term, Finding Bitcoin at its lowest price, buying and keeping it for the long term would be a better decision if you ask me, though its not a bad idea to diversify, infact, it is best to invest in the two, but personally, i would have a higher percentage of my portfolio in bitcoin rather than gold.

By the way, i think its just a matter of time before different countries start buying bitcoins too, we already have countries that accept bitcoin as legal tender, though that seems very insignificant now, but in the long run, it will all add up.

Gold is something people start investing on it for long term and known as a safe haven for investors to invest on it and if you want to make sure about the price in long term that enough to check the history of price of bitcoin for the last years and then you will understand how gold price is saving people from inflation rate specially in long-term

The raw materials for making aluminum are getting scarcer day by day, this will cause prices to jump below the standard, considering that countries that have aluminum are increasingly difficult to find raw materials.
Moreover, it has not been found renewal or can be updated regarding aluminum raw materials, thus it can be ascertained that this raw material will be increasingly scarce.
Although researchers are developing ways of renewing, natural processes are more determined than human intervention.

True, but unfortunately this cannot be done, because the limited amount of gold available is not able to accommodate large products for gold batteries, so gold efficiency is not included in this category.
Call it like America and Germany, these two countries have large gold reserves, but the connection with the battery revolution is also not included in their long-term projects, although we do not know for sure why this is not started to be developed.

To be honest I'm not really surprised why silver is so much lower than gold, even though silver has reached the peaks you described.
But when it comes to advantages and disadvantages between gold and silver, gold is definitely superior. So on this basis it is sufficient to provide a reference, that gold is superior in terms of price and usefulness. Currently gold is able to maintain value, although it is not very effective in investing.

The correct number in the calculation based on the ratio source. But the opposite will be true for now, given that silver is starting to lose market value, while gold is getting better in terms of value and usefulness.

Do you mean the price advantage or the number of holdings both, because if this is related to the price, it is certain that gold will be better in the future, judging from the current price and other advantages in maintaining the value of the investment.
But given the choice, bitcoin is far more capable of holding on to its value, even when there is a recession or inflation.

Those big giant just wants to trade with their own currencies instead of gold so that their currencies got as much trade as USD does. Hyperinflation of the USD is also a reason why these countries fear keeping USD in their accounts. So countries like India now want to trade in their local currencies with their trade partners.

Many still think we should go back to the gold standard again but it's still debatable whether this is the right form or not. There is a lot of benefits to it but still, some major limitation eliminates the possibility. Maybe tokenized gold could solve those issues that physical gold has.

Jim Rickards is the best person to look up for exploration of that idea, in short they would have to decide at which peg or ratio does the dollar return to exchange with gold.     There are constraints on the price, his basic conclusion is the result could be gold at 10k per ounce because of the amount of treasury debt owing but its best to listen to the source on that one.    Trump is the pied piper on that issue, its easy to say but far harder to do and switch from the current easy money to hard money is a giant swing to the opposite its not a 1 term issue.

Gold will still be valuable and will be preferred by many when it comes to making transactions to regular people as its what they know to be more valuable. Gold is very useful to the technology we have today, its on chips and any other devices we use. Its recommended still if you listen to top brokers like Peter Schiff and even to traders, they recommend not just the ones they trade but physical Gold to keep. Its risky but you just have to be discreet when you have lots of gold.

Countries hoarding gold is probably speculating also whether we are really going back to gold back currency soon.