Topic: Will people come back to gold - page 24. (Read 24528 times)

I'm bullish on Bitcoin all the way through, but have to admit that Bitcoin in general terms is still a high risk asset, especially amongst traditional investors and average joes. In other words, your wife is likely to do better going for Gold in the short term. Gold has had thousands of years to gain trust, while Bitcoin is the new kid on the block. It will take time for Bitcoin to become a safe haven asset, but I'm confident that it will happen.

Storing physical Gold is doable in smaller amounts, but a total disaster when it concerns so much Gold, that you have to buy a massive vault or have your bank store it for you. Storing large amounts of Gold in a vault yourself comes with the obvious risks of thefts and whatnot, and letting your bank store your Gold for you means you don't actually own it anymore.

Bitcoin for average joes can be stored conveniently in a hardware wallet. Even if someone takes it from you, they still can't do anything with it as long as you have your recovery seed hidden in a place only you can find.

I believe Brexit issues are more bigger than we all thought, and if their Prime Minister is ousted it could lead to worsening of global economy. While there's a 90 day truce between China and America it's to early to say if things will get better between the two nations. I believe Asians countries have always brought gold irrespective of the global scenario, but now they'll further purchase it to be on safe side due to the current global economy scenario.

Per government that would be the idea.
But what will it be per individual?

There goes the million dollar question.
I see a lot of rich people are still buying the USD instead of letting it rot in their own currency just so they could feel the spike when their countries currency are in a bad state. Also to keep them safe from an economic breakdown.

If I am to ask I would go the gold way. But that is before I knew crypto currencies.
My wife though is still into gold. 

I don't know exactly about the other regions but from ASIA you cannot take gold away. They are crazy about gold and they are ready to invest in gold any time. I think this year investors are more interested in Gold as compared to crypto currency. Now Let's wait for the mid January to have an idea of BTC price.

Well gold is up $41/Oz since last I checked it about a month ago, so there does appear to be a little bullish sentiment in the air.  I'm not sure if that's going to be a long-term trend or not, but the precious metals market has been pretty damn dead for years now, since gold & silver peaked in 2011.

I don't follow politics--global or even local politics, and I barely follow what's happening with the economy outside the stock market.  I don't even know what "Sino-American problems" means, and I'm not sure how much the brexit thing is going to affect the global economy.  It'll be interesting to see.  

If the stock market starts to fall--and I don't mean just a correction but a bear market that lasts a year or longer, and if interest rates start to rise--then we'll probably see people starting to move money into precious metals again.  Gold has been beaten down quite a bit for years, so it might not be a bad time to buy a little.  I wouldn't count on making a big profit, though.  I don't expect the metals market to start approaching 2011 levels again anytime soon, and if you over-buy gold or silver, you'll probably be sitting on an investment that doesn't do much for you.  

I still haven't lost faith in the stock market or in crypto.  Those are the areas where I'd put my money.

Oh yeah, I always forget about real estate as an investment.  That might not be a horrible idea right now, either.

Gold, silver, land, these are investments for people with little appetite for risk. Crypto is a high risk/high return investment, for a different type of people in my opinion.

With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.