Gold I see as a safe haven investment. It is part of the very nation's economy because it has a correction with other currencies in foreign exchange. It shelters people from times of global economic uncertainty. It is used to hedge against potential threats to paper currency. Gold investment is revisited many proactive investors
gold could survive when there are huge inflation in global economic.and this is why people still prefer investing in gold although there are many investment portofolio that could give them big profit.
Topic: Will people come back to gold - page 3. (Read 24528 times)
Gold I see as a safe haven investment. It is part of the very nation's economy because it has a correction with other currencies in foreign exchange. It shelters people from times of global economic uncertainty. It is used to hedge against potential threats to paper currency. Gold investment is revisited many proactive investors
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.
(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.
I'm pretty sure Gold and Silver will come back again. and that's will be our tools for buy/sell. gold and silver don't got impact from Inflation or others. if you know the history of the FIAT and the capitalist monetary system, you will find the answer.
China and America are currently buying gold on a large scale, that is a question in my mind, the two most developed countries in world trade buy gold on a large scale.
maybe they are preparing something, maybe the biggest world crisis that is expected to happen soon, they are clearly preparing to face it.
I do not know if this is true but I will not be surprised if that is the case, they are not dumb they understand that the economy is not going to keep going as it is for that long and they are taking the necessary precautions to keep being powerful countries after that happens but what they are not considering is that people could move away from fiat and gold and use cryptocurrencies instead. maybe they are preparing something, maybe the biggest world crisis that is expected to happen soon, they are clearly preparing to face it.
Well, i think it would never happen, but we are all aware how much the value of Gold and its value increases every time that's why i highly suggest to invest many Gold.
Quote
Cryptocurrency is used by only five percent of the world's population.
I'm going to be really surprised if an accurate measure of usage for either cryptocurrency or gold came close to one percent of the worlds population, by business done. People have definitely completely left the gold system, in any direct way at least. Its true banks have some gold and use the markets to some extent but this usage does not extend to populations in normal business. I dont think many parts of the world regularly use gold as their currency, best I've heard of is Vietnam houses sales being done in bars of gold because their currency from paper notes is so unreliable the price could not be agreed otherwise.
I dont think there is much of a regular market otherwise, obviously I know about jewellery and gold is popular in India and China and many parts.
Ive not heard of it used to do business exactly, its a semi asset sure but with an irregular price still depreciated by debt based national currency holding precedence by legal backing and taxes, etc
Why should people go back to gold if they have an excellent analogue at their disposal - Bitcoin, Bitcoin is much better than gold, and the dynamics of its growth are much better than the dynamics of growth of gold. It's much easier to store and send over long distances than gold. Bitcoin is perfect in this regard.
well, sometimes bitcoin does become more potential than gold. but, however we think, gold has always been the goal of ordinary people. even 1 kg of gold has an unusually high price. many people collect gold little by little for that. well, sooner or later, people will definitely buy gold, and that is not surprising. Many investor back to the gold investment because have waiting for one year bitcoin still not have progress to higher price, they have tired about how bitcoin price always dump, they take new way to back at gold investment because never have lower and dump price.
People have never departed from the eternal human values, among which gold holds the most honorable place. Cryptocurrency is used by only five percent of the world's population. Now she is experiencing very bad times. How it will develop further, nobody knows. Therefore, gold was, is and will be gold. Ah,
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
Any reason why you cant safely store it somewhere in your control?
Storing gold is pretty easy to hide, but where? In your house? Where do you put it? In a safe? Come on...
anyway the point is: when you trust someone to hold your Gold you think you still are the owner of such gold, while in reality you are not.
Same for bitcoin.
anyway
I agree, although gold has a very promising value to every person but you cannot guarantee the security of it. Those people entrusted by your wealth cannot sustain longer for the loyalty they had for you. Unlike with bitcoin, the freedom is always there for us as well as being anonymous on our holdings. So in general, people will eventually realize that digital asset is better than physical one like gold.
Why should people go back to gold if they have an excellent analogue at their disposal - Bitcoin, Bitcoin is much better than gold, and the dynamics of its growth are much better than the dynamics of growth of gold. It's much easier to store and send over long distances than gold. Bitcoin is perfect in this regard.
@fillippone
I see a little difference comparing it with Bitcoin. You may rent a vault, you paid for a service, the bank is not supposed to know what there is in. Banks don't size your gold, governments do. It's also the reason why people store their gold in countries where the governments can't size it like Belgium or Switzerland. You also have the certificate so if something happens it could be called a robbery
With Bitcoin you can run a full node and nobody ever will be able to steal your bitcoin.I see a little difference comparing it with Bitcoin. You may rent a vault, you paid for a service, the bank is not supposed to know what there is in. Banks don't size your gold, governments do. It's also the reason why people store their gold in countries where the governments can't size it like Belgium or Switzerland. You also have the certificate so if something happens it could be called a robbery
Regarding Gold: you can desposit your gold in Bank of England and still they can refuse to give you such gold.
This a huge difference in favour of bitcoin.
This is why you should run a Bitcoin full node (follow my guide in signature if you can speak Italian).
@fillippone
I see a little difference comparing it with Bitcoin. You may rent a vault, you paid for a service, the bank is not supposed to know what there is in. Banks don't size your gold, governments do. It's also the reason why people store their gold in countries where the governments can't size it like Belgium or Switzerland. You also have the certificate so if something happens it could be called a robbery
I see a little difference comparing it with Bitcoin. You may rent a vault, you paid for a service, the bank is not supposed to know what there is in. Banks don't size your gold, governments do. It's also the reason why people store their gold in countries where the governments can't size it like Belgium or Switzerland. You also have the certificate so if something happens it could be called a robbery
Currently, the value of a dollar (for example) bill is an arbitrary value, which depends on the whim of the government. And the government can print money like a photocopier. There are no restrictions on how much money it can put into circulation.
The US dollar became a fiat currency after the abolition of gold collateral more than 46 years ago and has lost 97% of its value since the creation of the Fed in 1913.
The US dollar became a fiat currency after the abolition of gold collateral more than 46 years ago and has lost 97% of its value since the creation of the Fed in 1913.
Ah,
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
Any reason why you cant safely store it somewhere in your control?
Storing gold is pretty easy to hide, but where? In your house? Where do you put it? In a safe? Come on...
Anyway the point is: when you trust someone to hold your Gold you think you still are the owner of such gold, while in reality you are not.
Same for bitcoin.
Ah,
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
Any reason why you cant safely store it somewhere in your control?
Ah,
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
forgot to mention one BIG problem with gold investment.
Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold: "Not your vault, not your Gold".
Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html
Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown
...
Last week there was an article published saying that crypto investors are slowly turning to gold. I didn't read the article honestly so I don't know what do they call "investors". I don't call a crypto dude with $50 an investor btw. But look like a trend really started now and a looot of money is being injected in the market
Interesting article I must say created skilfully and with the sole purpose of misleading, and causing confusion in the mind of bitcoins investors especially newbies. It’s comon sense they’re trying to trigger the herd mentality, and fomo effect in making people dump bitcoins for gold, but they failed when it came to you (bitcoin ninja). I feel this bubble of people shifting from bitcoins to gold is one big lie, and will soon burst and those who fell for it will regret it.
Last week there was an article published saying that crypto investors are slowly turning to gold. I didn't read the article honestly so I don't know what do they call "investors". I don't call a crypto dude with $50 an investor btw. But look like a trend really started now and a looot of money is being injected in the market
Yes I know the article. Its a consumer newspaper so I think they are talking about the people on the street because there is more of them it adds up. Money is partly because people store value in it. Business or whales are not as important as the mass of a population but people take more notice of a big business, partly because business will advertise its moves in various ways that is more certain then a trend change in a population
Yes, everything can happen, because the declining price of Bitcoin can cause Investors to turn to gold, because in Bitcoin it can't generate profits as it once did, so the decline is caused by investors selling Bitcoin to invest in gold.
...
Last week there was an article published saying that crypto investors are slowly turning to gold. I didn't read the article honestly so I don't know what do they call "investors". I don't call a crypto dude with $50 an investor btw. But look like a trend really started now and a looot of money is being injected in the market
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