Why gold price going down? - page 5.

Bepesand

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Quote from: Sir_lagsalot on November 29, 2015, 11:42:30 PM

Gold is an investment that you only invest in if you have nothing else to invest in. The global market is doing decently, therefore there is really no need for gold.

Gold has no actual industrial use, unlike copper and iron.

Gold is widely used in electronic goods. You can extract lots of gold from the print circuit boards if you have the right tools. It is a big business.

raaajlucky

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Quote from: Sir_lagsalot on November 29, 2015, 11:42:30 PM

Gold is an investment that you only invest in if you have nothing else to invest in. The global market is doing decently, therefore there is really no need for gold.

Gold has no actual industrial use, unlike copper and iron.

Are you sure gold don't have actualy industrial usage? Go home to strip out any of the electronics PCB boards then you will come to know. In PCB manufacturing they use gold.

shamati

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Quote from: Blue_Tiger73 on November 30, 2015, 12:49:44 AM

What I am getting from this, is that you think Bitcoin and gold are related? If the price of Bitcoin goes up, that doesn't mean that the price of gold is also going to go up. They are different things and they rely on the demand for that product to find out the price. If the demand is higher, the price of the product will also be higher, right?

Wow again look like gold go down Lips sealed

Blue_Tiger73

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What I am getting from this, is that you think Bitcoin and gold are related? If the price of Bitcoin goes up, that doesn't mean that the price of gold is also going to go up. They are different things and they rely on the demand for that product to find out the price. If the demand is higher, the price of the product will also be higher, right?

Sir_lagsalot

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Gold is an investment that you only invest in if you have nothing else to invest in. The global market is doing decently, therefore there is really no need for gold.

Gold has no actual industrial use, unlike copper and iron.

mouneshwar123

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Quote from: pitham1 on November 28, 2015, 07:24:48 PM

Supply and demand is the generic reason for the price of anything.
What you should look for is the underlying reason - why is demand increasing/decreasing?
In gold's case, demand was high previously due to economic uncertainty and as people sought a safe haven. With relative economic stability, demand has normalized and hence decreased from previous highs.

Exactly true, when chinese was unstable more people invested in bitcoin from china, they actually don't want to lose their buying power by holding on to FIAT currency.

pitham1

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Quote from: TTMNewsMJ on November 25, 2015, 02:06:23 AM

Quote from: shamati on November 07, 2015, 01:50:46 AM

Why is gold price falling now, even when bitcoin price going up?

I want to know that.

It's because of the supply and demand.
That's is the main reason why the price is fall down.

Supply and demand is the generic reason for the price of anything.
What you should look for is the underlying reason - why is demand increasing/decreasing?
In gold's case, demand was high previously due to economic uncertainty and as people sought a safe haven. With relative economic stability, demand has normalized and hence decreased from previous highs.

stromma44

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Quote from: erickimani on November 27, 2015, 02:01:19 AM

I believe there is no direct relationship between the bitcoin and the Gold so there is no way that one is influencing the other. The Gold price is just decreasing because people no longer believes in it. It is becoming difficult to find pure gold and if you do, then you are always insecure,. who want to be insecure? also people are disposing them believing it is outdated form of storing wealth and storing wealth in investments such as real estate and other schemes.

There is a relationship between bitcoins and gold, and the reason is more people are switching to bitcoins only because it has very high price fluctuations as compared to gold, and people today wants a quick money and gold cannot give them quick money in trading and that is the reason people are trading more with bitcoins.

markj113

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Quote from: erickimani on November 27, 2015, 02:01:19 AM

It is becoming difficult to find pure gold and if you do, then you are always insecure,. who want to be insecure?

Why is it difficult to find gold, I can go online right now and buy as much as I want from several well known and trusted bullion dealers.

Why does gold make you insecure? Holding wealth with zero third party risk makes you more secure.

Quote from: erickimani on November 27, 2015, 02:01:19 AM

also people are disposing them believing it is outdated form of storing wealth.

Tell that to Russia and China, they are accumulating gold at a massive rate.

erickimani

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I believe there is no direct relationship between the bitcoin and the Gold so there is no way that one is influencing the other. The Gold price is just decreasing because people no longer believes in it. It is becoming difficult to find pure gold and if you do, then you are always insecure,. who want to be insecure? also people are disposing them believing it is outdated form of storing wealth and storing wealth in investments such as real estate and other schemes.

shamati

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Quote from: Mr. Forum on November 26, 2015, 12:56:54 AM

price of gold has been higher because of the value it has been holding over the years. Something so precious is usually costly and that has been the gold. However, the invention of bitcoin I can say has resulted to the price of gold decreasing drastically. The value of one bitcoin in dollars compared to gold can help you picture this. Personally I can say that people have discovered that there are other valuable that are better of than the gold. They are therefore investing in the alternatives to gold.

Still not understand it Huh

Mr. Forum

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price of gold has been higher because of the value it has been holding over the years. Something so precious is usually costly and that has been the gold. However, the invention of bitcoin I can say has resulted to the price of gold decreasing drastically. The value of one bitcoin in dollars compared to gold can help you picture this. Personally I can say that people have discovered that there are other valuable that are better of than the gold. They are therefore investing in the alternatives to gold.

raaajlucky

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Quote from: TTMNewsMJ on November 25, 2015, 02:06:23 AM

Quote from: shamati on November 07, 2015, 01:50:46 AM

Why is gold price falling now, even when bitcoin price going up?

I want to know that.

It's because of the supply and demand.
That's is the main reason why the price is fall down.

Supply and demand is very general answer for the bitgold prices going down. USD prices are appreciating so gold prices are going down.

TTMNewsMJ

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Quote from: shamati on November 07, 2015, 01:50:46 AM

Why is gold price falling now, even when bitcoin price going up?

I want to know that.

It's because of the supply and demand.
That's is the main reason why the price is fall down.

STT

legendary

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Ive read a couple times that its assumed certain that the Federal reserve will now raise rates in December. I doubt this and I think only a small raise would occur that still lags inflation. However perception favours a stronger dollar and a weaker gold price though if dollar rises in value so then does the priced value of gold

GODLIKE

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LOL what you looking at?

Quote from: Harry Hood on November 07, 2015, 02:23:40 AM

Gold is the investment of last resorts. When the stock market and other markets (like Bitcoin) are doing better people are motivated to get on board, trying to ride and capitalize off the wave of appreciation.

I wouldn't dabble in gold to much. There's significantly less appreciation potential in gold than there is in other assets.

I agree with this, gold was very precious in past times, but more recently other metals have acquired much more importance and gold price is no more as stable as before. I wouldn't buy gold for my savings.

Tstar

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Gold started skyrocketing during the 2008 financial crash: when toilet paper (i.e. fiat money, derivatives, lousy hedge funds...) became too dirt gold was remembered as the perfect investment. Then everything went back to normal since people are greed and the want money in one way or another.

If there will be something similar to 2008 crash, or war or else keep your gold in secrecy. That'll go to the moon.

mouneshwar123

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Large scale, green crypto mining ICO

Bitcoin has nothing to do with gold price directly. But the common thing in both Bitcoin and Gold is that their prices are dependant of demand and supply, Maybe people who are looking for long term investments are preferring bitcoin than gold. Gold demand is going down so the price is.

raaajlucky

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Quote from: RealPhotoshoper on November 18, 2015, 06:22:30 AM

some reason it that gold has breached key support levels as the dollar gained after Federal Reserve Chair Janet Yellen told Congress last week that the Fed is on course to raise interest rates if the US economy expands as expected.
A rise in US interest rates will attract investors to the dollar for higher returns, driving up its value.

I think still gold price will go down further until next month end for sure. After FED decision then it may or may not go up.

RealPhotoshoper

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some reason it that gold has breached key support levels as the dollar gained after Federal Reserve Chair Janet Yellen told Congress last week that the Fed is on course to raise interest rates if the US economy expands as expected.
A rise in US interest rates will attract investors to the dollar for higher returns, driving up its value.

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