Topic: Will people come back to gold - page 8. (Read 24528 times)

Still most of the people had lots of hope in the investment and gold so they are not accepting Bitcoin is better than gold but Bitcoin users will definitely we need to understand both Golden bit kind had equal responsibility to be stable for long time so we can definitely choose both these things as the future investment

It does makes sense that if people who investing gold aiming high profit then gold is not an good option because every year gold price were too stable but i have been ask the questions to the people in my country why they choose gold as their investment tools and mostly they answers is because gold price is stable from year to year and for long term purposse gold is good because gold was never lost the value

While I always have interest in gold, it's not easily traded like coins and I don't fancy margin trading :/

Exactly. The term "investment" is connected in with the production of wealth or with something that brings value to the economy, in my mind. If you hold gold/bitcoin/oil or any other commodity you are not an investor as you don't contribute to the value-added chain of economic growth. The same I could say with any kind of fiat money.

In my opinion gold will never lose interested people, this is because gold is the longest safest investment, even when there is a world war the war country only makes gold a payment system, and this is what makes gold always the first choice.

Well my investement in gold paid off my current house after the post Brexit vote price spike.

Currently holding 403oz gold + just under 2000oz of silver.

Fully expect the gold to make me a millionaire when the next financial crisis kicks off in the not too distant future.


And you think they'll pull off deep space asteroid mining of gold at under $1300 an oz?

Scarcity does not always equate to value also techology moves fast, do you think BTC will still be the no.1 crypto that far in the future?  My bet it is it will be a distant memory and state issued and backed crypto will be the norm.

I couldn't agree more with you. If only the members could understand that. Gold isn't an investment, I don't know any sane investor injecting money in the gold market to get gains. It's funny when you read the full topic, you can see who know nothing, not even a place to buy some...
In the first post I mentioned the central banks increasing their gold stock, why are they doing this? Not to invest and get a 5% within 12 months

Think of it this way: Old folks who aren't particularly interested in technology will continue putting their money in gold. However, only a small fraction of new generations will do the same. Over time, the overall preferences will shift, and more people will invest in digital assets, rather than physical gold. That might very well take a few decades though.

Fast forward to the year 2100: If we manage to colonize our solar system, we will at some point be able to reach asteroids and planets with far more precious metals than we have on earth. With supply increasing, prices will fall. Bitcoin on the other hand, in 2100, will still be limited to <21 million

Thankyou, I really dislike people saying gold or Bitcoin even or the majority of crypto is a investment.   Its just a holding, if I go out and purchase a barrel of oil I'm not invested as what I'm actually doing is speculating on an asset price rising.

If we own a gold miner then thats an investment, capital is deployed in working operations for profit or loss and so we are invested in business.   Just holding a plain currency gives me no part in that production, the people who hold US Dollar notes are creditors to a debt at best but have no yield or return or rights for that note as its not linked to any contract worth.

Gold also, famously it has no counterparty and so that is its worth to be independent of many failings that can occur in other types of asset worth.   But we are speculators, really my bet is the dollar is overvalued and gold under used as exchangeable worth.   A rise in its holdings relative to world trade means the price rises greatly, possibly to 10,000 is feasible which is a big gain for something that never changes value.
Whats happened at 10,000 would be mostly about the fall of the dollar in usage and absolute value exchangeable for ordinary goods all the way down to bread and water


The point about only rich people is incorrect, gold is distributed around the world and is a natural resource that regularly reoccurs open to industry with low entry points.    Its very ironic I'll agree but gold is less centralised then political FIAT currency
Gold was commonly held by ordinary public when notes were backed by it, they dont have to literally carry around the gold to be utilising its attributes in wealth preservation

that's just a short-term need for people because fiat money is becoming more and more valuable. Gold will be a great choice now because it is a very difficult asset to be shaken. When the world's economy is restored, they will start selling gold and continue to invest in financial markets.

the rich buy it because prices continue to rise and are greater than the increase in inflation every year. and I think that can also be called an investment. but many are abusing it for money laundering, because it is not registered with state assets, unlike land or property which is recorded in the state administration.

But you said that it has a very small price increase... How gold investors are going to be rich? By accumulating the small fractions of the price increase year by year?
Gold is not an investment. It is an alternative of saving and storing the value of your money. No one became rich by buying gold, because only rich people buy it.

   I don't think this is not the right time to go back for gold, gold is lots of reserved so the price is low. They cannot gets easy profit for gold .

maybe very good when everyone uses cryptocurrency. but, I think people will be more interested in gold, because basically, money becomes valuable because of gold. well so I think people are more interested in having large amounts of gold. so, maybe people will return to gold

Looks like most people are losing trust on the power of USD since the demand for it went down.

Let me guess that 'Asia' consists of Japan, South Korea, and China. Singapore too. Other than those, you don't expect anything from them to make such adjustments. Maybe a little but not as big as the countries I mentioned.

The concept of gold is so old and it will never profitable as like bitcoin so now we should think about new era because its a digital time and that's why bitcoin replace the gold, bitcoin is a short time investment and gold is long time investment rather if gold price increase so it will not big profit but than bitcoin will very huge profit in very short time and also security will sure so people will never lose their trust rather invest in this currency before you feel guilt.

Gold is not free neither is it decentralised,  if gold was truly decentralised,  we won't be having many owners  of it greedily having so many of them to themselves alone, it's not truly transparent just as cryptos and that is what makes crypto to stand out.  I know you meant it being free as in the sense that anyone who have the money can acquire it can have it but yet... It's not.

no, the economy will not be able to walk using gold alone, because gold is a resource that cannot be renewed, so it is impossible to use gold. and if indeed someone is interested in investing in gold and when gold is scarce and the price is too high, it is the same that no one will buy it. meaning that the investment will be in vain. it's better to go forward using crypto.

^^ Gold as a ratio to oil cost would give a more sensible view then just counting up a plain figure.     Gold is not free but its supply is related to costs, oil being a long term part of that

I'm certain gold is not expensive
The gold market is far more suitable for large investment then crypto quite often due to volatility and also the whale problem.    A rhino taking a dip in a bird bath is not going to end well, the largest entities require a big stable market which makes gold far more suitable a base for long term value retention.   The fact gold has been a quite stable price, either maintaining or rising over decades is hard to beat in comparison

since long time ago, gold has always been the item that was sought after, and very well made an investment tool. even since there is no money, I think they are doing gold and silver mining. until now, the price of gold is still very high for 1 kg.