Topic: Will people come back to gold - page 11. (Read 24528 times)

I totally agree with that and explains why gold has fallen out of favour, it does nothing important exactly just stays a metal without ever degrading or changing.   People view it as expensive, unproductive and unneeded.   Warren Buffet tells a tale of how stupid humans appear to dig up metals & exspend so much effort only to place it back in the bank vault, right in the ground again.

He is right in a way but gold does have a purpose, every time I read about poltiics its obvious we need to rely on something as simple as gold to regulate value.   We cant have political debt as money like the current system is.

There is historical precedent and I will copy up the link for anyone who wants to listen.    The most recent example is the British Empire, the largest amount of land controlled by any country in history with great wealth all over the world and relevant as it was backed by a gold standard first formulated by Issac Newton.     UK left the gold standard and also lost the empire lands, the currency is well under 1% of its previous value

Heres the ancient example of similar magnitude, Roman empire and failed currency - https://mises.org/library/inflation-and-fall-roman-empire


I'm not pro gold but its necessary, we can skip insurance on a house for similar reason to save money but in the end its needed.   If I thought gold was optional, wasnt inevitable at this time I'd have forgotten it on its last decline but its not that sticker price that matters, as gold determines dollar value not vice versa and so on.   Its a head scratcher

Gold is an historical value based asset that has got a physical shape. With bitcoin this isn't possible, also with gold common people find it an asset that can be used into all sort of needs due to its local availability. The same isn't possible with bitcoin as it need knowledge to make use of it. With this people who have learned about bitcoin won't think of investing into gold anymore.

I think people have never left gold. Those who prefered to invest in gold kept that habit. Besides I don't think at all that Bitcoin is replacement for gold and I don't like these two assets to be compared because I think they are quite different. I also think that Bitcoin investors and gold investors are quite different.
Investing in gold has a long history and not only by individuals but by the governments and banks too and I don't think this will change no matter the Bitcoin and other cryptocurrencies.

For sure, selling dollars for gold or amassing gold via unprofitable mines may be detrimental in the short term. It may even be detrimental in the long term. After all, markets are unpredictable and hedging is just a matter of probability. Hedging often means paying a premium just in case an adverse event occurs.

There are no historical precedents for a reserve currency collapse of this magnitude, if the USD were to collapse at this point. So gold is a very obvious hedge due to its importance prior to the emergence fiat money. If the fiat system begins breaking down, I believe many states will immediately regress to gold-based money.

I know what you mean I think but the point is gold would be the ultimate settlement for all value traded between countries.   It cant just be the people who like shiny things, it'll hold a tenth of its proper value if thats just it.



Central banks have been net buyers of gold over the last decade.   Yea I acknowledge that but also we should consider how much new paper money has been created also and thats the point about how much is gold used.    Its not circulated as value or used in trade especially, the backing to most money is still government debt which is seen as safest and most profitable as it has a yield.   Gold has no yield.
Russia has at times made itself poorer to continue building up gold reserves, while selling dollar yet dollar remains an appreciating asset often.   China buys up loss making gold mines to continue production at below the market price, they are aware of wanting to avoid spiking the price at all by any outright excessive open buying.

Overall we cant argue central banks favour gold as the majority of the worlds richest countries still are with the dollar system, what % gold hedge they hold is worth examining but its mostly the poorer developing countries which have increased gold reserves.  China had none previously from what I've read, the richer countries have largely been seen to increase debt and so far as I know its massively out of proportion with gold reserves

I think gold will always hold a certain appeal to a certain demographic.
There are also plenty of people who have not forgotten Gold and as
or when the bext financial crash comes, Gold will be in demand.

in my opinion they did not return to gold, because they also did not really leave gold. people will continue to look for a place or business area, if gold is profitable, they will also invest in gold, as well as crypto. now crypto conditions are bad, so many people are returning to gold to seek other benefits.

Gold is one of the safe zone for investors and storage of value but it involves lot of politics in it.In many countries the people were trusting the golds too much and  others were considering gold ornaments are much important to show their prestige,but it all was just created for the purpose of increasing demand of gold.Maybe who knows if people stop buying gold it also can lose its value.

I think, gold has always been and will always be the best option when it comes to investing, it will never be out of the market and it will never run out of value. I cannot blame why people are getting back on gold rather than going on cryptocurrency and other modes of investments, now when it comes to usd, I cannot tell whether the demand for usd will be affected as much, but if this dark year will come near, definitely everyone will be affected, it doesn't matter what world classification your in.

What?! That's not what the chart says. Between 1999 and 2011, the price exploded 660%. Since then, we've only seen a shallow retracement, implying a bullish consolidation. That illustrates a lot of demand!

Despite the emergence of fiat banking, gold continues to play an important role in finance today. Central banks have been heavily accumulating gold over the last decade as a matter of hedging and diversification. From a few months ago:

The world has left gold.   If you want a certain conclusion and comparison thats how certain I would state it.    In previous decades, the whole world had a currency based around the solid worth of gold.   I'm not going to argue any kind of perfection based off metal standards and I'm sure plenty of mistakes occurred anyhow.  Also consider the fractional reserve relating to gold, even USA never kept a 100% backing with gold it was always some kind of theoretical holding to meet any requirement to pay gold while almost always trading just paper notes

The point now and the stark contrast to all modern money is it has no relation to gold.      Its very different now from before, many might excuse this due to technology or all sorts of reasons.   Gold got old, whatever line

However its nonsense, whats just true now is we have debt and we dont have assets to cover the debt.   We hope to pay bills but its stretched scenario and the multiple deficits maintained over decades with no attempt to resolve or readdress that balance would seem to indicate a forced rebalance will occur.

I dont care about politics, I dont care whose responsible, doesn't really matter as we all are part of the scenario as humans.   The only real thing to take away, is this situation real and how is it likely to develop.
     Will people come back to gold, almost certainly the % people use gold in 2030 over 2019 is going to significantly higher.   I hope thats clear enough, obviously people should think and read on related info for themselves but its a definite trend imo

It is one of the safest investment as told by the investors.

Gold is always every where in the globe and that is the reason it really is one of the best investment or asset you can have. Wherever you go, gold has its value sticked to it, countries may have different values to gold but you get the point. Investors will not be coming back to gold because in the first place, they never leave gold.

Gold was always strong and that is going to continue probably for a very long time since the economy of it is so big and so much money are invested every year. I don't understand what you mean by asking is people will come back to gold, because I don't think they ever forgot about gold and leave it behind. It doesn't matter what kind of new investment will appear, gold is always going to be in the top because it's something existing since the term of economy was created and its also something tangible unlike different assets or cryptocurrencies.

Price of gold doubled since 10 or more years ago, I need to check dates to be sure exactly. Price of gold have a steady grow, but have in mind that banks and big gold corporations manipulate with supply and demand. What they do is some other topic, but lets try to look at average person, how many of them have anything with gold expect few rings, necklaces or something like that, who from us here have some investments in gold? I don`t have anything gold, I don`t even like it. Crypto is much easier to buy, store and trade with, except that crypto is growing industry and gold has a steady price grow. I believe gold lovers will move to crypto, far from that that gold will be forgotten, its a nice way to keep your fortune, but don`t count on big profit in short term.

Apart from all this i am not in favour to buy gold because i have never seen any of gold invest to be happy. This is best to think wise and invest in those which grows. Gold is now an old fashioned investment according to me only those who are living in  nineties will invest in gold but those who knows how to move with time will buy only bitcoin.

I am sure that gold is the safest and most important investment choice for everyone, they will never leave gold because only gold is the standard and will continue to be accepted throughout the world even in a recession.

People would take a rest about investment of Bitcoin because they felt not to received a good return. But about for buying of gold is normal for them because gold is not volatility. People are still waiting for a good price as of the moment but it doesn't mean people are split to use to others like gold

It depends. Gold is not like cryptocurrency, cause it doesn’t have high risk. Gold is just like investing in your money in lands, if you buy land today, after some years the price will increase. That’s how Gold works too, if you invest in it today, in some years coming the price will also increase. It is less volatile than Bitcoin and there isn’t huge risk. But for Bitcoin, it is highly volatile and that makes it a lot riskier.

This is not correct mate if market is moving slow then it does not mean that one should get discourage and start to think negative because gold is not good as compare to the bitcoin because we know that good grows very slow along with the risk but bitcoin grows faster and with safety because of all those wallets.

As a member of the bitcointalk.org forum, I often hear gold, gold, and gold, because gold is considered a real object, which people can use as a protector of value. Now, let's get rid of all the digital concepts that exist in crypto, bitcoin especially. Suppose that bitcoin is something real, like gold. Then you imagine, that you are now holding a piece of gold in your hand. Now you try to think, who created gold? And, does gold have a definite number? I don't think anyone can prove who and where the creator is, because so far no one has ever created gold. Because to get/have gold, of course we have to mine it first or buy it from the nearest gold shop. In this case, an investor should be aware that the price of gold is basically easier to manipulate, because their transactions are not transparent.

So in my opinion, only smart investors will spend their funds on cryptocurrency, because crypto is more transparent than gold especially its fluctuations.