Topic: Will people come back to gold - page 6. (Read 24575 times)

Strange,
Because your message basically agrees with my message here:

https://bitcointalksearch.org/topic/m.49287476

Ready to debate though.

Gold is safe investment and i think gold hard to speculate the price in investment market or any market. Gold more resistant on inflation compare with fiat money because paper money always flooded in market by central banks.

You might be right and another reason for Bitcoin is that online factor and easy integration.   But this alone is not really why gold will be a declining in usage, its easily possible to use gold in a proxy form and if your standard is centralised anyway and trusting higher authority in a conventional way then gold is just fine as a tradable service.  

You can hold the gold centrally and trade notes of worth that have a claim on that gold deposit.   That system works fine under most circumstances and has been normal for hundreds of years, the gold is settled when a larger amount is accrued like settling a credit card




I'm always reminded of the Tide going out on a big beach when I was a kid.   It always seemed like the sea had gone and would never return, the plug was pulled in the seabed and this situation was irreversible.  It was barely in sight or at least at knee height only that was my view of the world.
Thats how people view gold, since 1971 gold has gone and it will never come back.  How could it come back when its been gone my entire life.   I understand why people would say that with respect to technology but gold has been outdated thousands of years by other ideas and ability to transfer value without a heavy rock.    Yet gold remains, its useful and unique and part of the money system I think forever.

The tide will turn, we will once again be using gold every day.   High tide will be surprise to everyone as we again are upto our chins in water in once what was only sand.   Change is not just possible but inevitable imo
[I live near the worlds largest tidal range btw, hence my memory of these epic beach ranges]

Bitcoin is what many people believe is that change, but its only one part of the story we will see happen

No kidding.  The only reason I came back to this thread was to see if there were any posts worth meriting, but all I see are the typical one-line sig shitposts which demonstrate that they can barely comprehend the thread title, much less anything else here.

Back to on-topic stuff:  goldbugs still keep hyping gold ownership, and meanwhile it's still <$1300/ounce and going nowhere--even amidst all the chaos we have in the world.  That sort of surprises me, since you'd think that investors would be looking for some safe-haven assets right now, and gold has historically been one of them.  Silver has gone up a bit, but not much.

As I've said before, there's no way in hell gold or any precious metal is going to be used the way it was before 1900.  Not even if there's a zombie apocalypse.  The world has moved (and continues to move) so far away from physical cash that we're past the point of no return right now.  As evidence I only have to go to the local convenience store and buy a cup of coffee.  Most of the people in line in front of me will pay with some form of card or their phone.  On the other hand, I do think certain people will always want to own gold, whether it's in the form of jewelry or collectible coins or whatever--but the world is done with it as a form of money.

You surely get half of the point here: gold increase the price measured in FIAT money, not because gold is increasing value, but because FIAT  money is decreasing in value. Price of gold measured in real terms has been stable in centuries.

Gold is a historical asset that's been used for years and has got a physical state. The same is not found with bitcoin, because it is completely an innovation and the major major backing is the technology. I'm sure every bitcoin holder or user will be having gold. People give importance to gold as a security asset that can be used any time on need while bitcoin is preferred as an asset for long term profiting as we don't know when the growth happens.

Likely yess, gold is one of top profitable investment in history. The price of gold is constantly increases, I personally prefer like to invest in gold or real estate rather than stocks market because the risk is very small although the profit is can't be gained in short time, need atleast 2-3 years for it.

I totally agree. It's hard to force people to get back things when they already found a way where they feel that convenience that they need. Just think that people are now switching to online shopping so using gold is not a good idea at all.

Typical trash post.
You have no idea what is gold. Do you think people go on the street with their gold in their pocket? Do you think people are dumb as you to invest in Bitcoin. For your education, people had several choice to invest in. Again you know nothing. Don't you have a school in your city?

Thanks to reminding me to set the topics in self-moderated mode

it could happen because we know gold from the past until now is still valuable and still has value and interest may also be a good investment tool

Gold is not safe because of its physical presence it’s hard to keep it away from street robbers and thief’s so I am sure people are not going to connect with good again once they try investing in bitcoin now is hardly possible for them to move again to 19th century where people were not having any other option than Gold.

Gold is safe haven and i think people already know it. But for transaction, i dont think people will back to gold because its not flexible and its about security. As investment, i am believe people prefer choosing gold as long investment because its already known for centuries

In my opinion, maybe going back to Gold, because currently, a very lucrative investment is a Gold investment because Gold investment is a long-term investment because the longer we have a Gold meal, the more expensive the price will be.

I think people will return to gold no matter what. in fact, when they already have a lot of money, or bitcoin, I think gold will be one of the things on their list to collect. for some reason, gold is a very good investment for now. and I feel that gold will always have a high price, and when we have it, we don't worry about the price in the future.

The strong believers of cryptocurrency is set and ready for the up and down season of the market of cryptos , for gold it is a stable kind of investment and the value is not volatile compare to bitcoin, but I believe most crypto owners will not immediately goes back to gold, but continue to work for their coin investment.

im sure if someday people will comeback to gold. someday, there is nothing valuable than gold and silver. so, if you can buy, just buy for now.
gold is the best thing in the earth that you must have. technology still technology. if some fuel out of stock, you can walk with that technology

De Beers is quite ready to flood the market with synthetic diamonds, actually.
Here you can find the last of a series of articles (others on the FT, but there’s a paywall).

https://www.bloomberg.com/news/articles/2018-09-04/lab-made-diamonds-for-less-why-de-beers-s-plan-worries-rivals

Hope it helps!

@fillippone
I was interested in diamonds over a year ago and was even ready to go to Anvers... but that was when BTC was at $20k, since it didn't last long my interest too lol
I haven't known synthetic diamonds for long, I learned that from watching a documentary last year. I think by then there's a long way to go before it's used on a massive scale. And I think it will be very much framed, precisely to avoid finding synthetic diamonds in the jewelry for example.
(I may be wrong but De Beers isn't dominating as it did years ago.)

@STT
So true. People think they have to hold their gold at home, actually, I don't know anyone with gold stored under the bed. It was valid during the time of my grandparents but not in 2019

Gold is the best investment. and there is no such significant decline. different from bitcoin. but also gold cannot have a significant increase. of course everyone has their own opinions about an investment

More no copper lol.

About 95% in gold and the rest in silver. 

Silver is bad enough for starting to take up space, wouldn't touch anything else