Bitcoin Forum

Let's continue the topic here since it was an interesting discussion but as usual, the shitposters kill any discussion open.
(it's a self-moderated thread)


The purchases of Gold by the central banks increased by over 70% last year. It's something that didn't happen since the '60s - '70s and the dissolution of the Bretton Woods agreements. The main reason is to get away from the dollar. Even Iran and its crypto will be backed by Gold for the same reason and to avoid the US sanctions. Even the ETFs increased by something like 200% last year

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold

I do not know much about the gold-dollar relationship. But I'm interested in the maximum supply of gold. It is a finite resource and can get exhausted like most mineral resources.
Is there any duration period (or estimate) of when the total gold bars could be all mined globally, just as we have with bitcoins?
And how would exhaustion of the metal affect it's market value?

I've had mixed feelings about gold for years now and still do.  There seems to be an undertone of impending doom that doesn't seem to be abating in the least, but I'm not sure what's coming.  We had a global financial crisis in 2008 that went on for years; I'm not certain if we're going to get another one or if armageddon is coming, e.g., nuclear war or a severe terrorist strike.  If it's the latter, we need to be buying survival stuff like seeds and land instead of gold. 

I'm not sure what all this buying of gold was on the part of the governments.  That doesn't seem to indicate doomsday, but I don't have an explanation--and I distrust what I read about such things.

Who buys gold?
Central banks, Indians, rich Arabs. In Europe, gold is very, very regulated. In some countries, every transaction has to be declared, and sometimes, it's also taxed. It's a bit better in the US, but not by much. Gold also requires you to rent a deposit box at your bank, and it's hugely difficult to travel with. Shares or cryptocurrencies, which you can trade online, are a much smarter choice for the individual.

Yes it make sense since they know the potential value of gold in the future and it can be more than enough for them to generate money. The market situation doesn’t trigger people from coming back to gold, since most of the hodlers are still holding and traders are still active, though gold is more stable I still want to invest on cryptomarket because I think this is more convenient to buy, hold and sell.

I tried to find the answer to this, and was surprised with what I found:

Source: https://www.equities.com/news/how-much-gold-is-really-left-to-be-mined (Article from 2016)

This source also says something similar:

Source: https://www.bullionstar.com/blogs/ronan-manly/annual-mine-supply-gold-matter/ (Article from 2018)

So it seems that somewhere around 2035, there will be an end to gold mining, at lest when it comes to conventional methods of mining. By that time we may find other methods, or advance in space exploration, who knows.

How much gold has been mined to date?

Source: https://www.bbc.com/news/magazine-21969100

So, now the math isn't so hard, depending on the number we accept as the actual number of available, already mined gold.

IMO, central banks should switch to bitcoin. There are theories that gold's scarcity was something that made gold so desirable and precious in the first place, and not the other way around. Now that we have bitcoin, do we really need gold any more?

It seems to me that people and even states have never turned away from gold. Gold has always been and will be in price. Of course, if, since 1970, the dollar has ceased to be a secure gold and it can be printed uncontrollably by the US government, then the level of confidence in it falls every day. For states, it is better to replenish their gold reserves than to accumulate dollars.

I posted the below link in the other thread but will stick in here too.

A very clever indvidual talking about wealth preservation and the criteria he uses:

https://www.youtube.com/watch?v=a4_U6bS-cU4

If you have the time to sit, watch and absorb what the guy is saying it should help position you for the future if you apply the same principles.

Your whole post is pretty much misinformation.

What do you mean by gold is well regulated in Europe?  Some of the largest dealers are EU based such as the european mint, silver to go, goldsilver.be.

In the UK you can buy as little or as much as you want pretty much hassle free.  

If you spend over £5k in one transaction or £10k a year with a single dealer you just give them a copy of I.D, this is not submitted to the authorities routinely but just filed away.  If you dont wish to do this there are plenty of dealers out there to spread your buys around.

You can also import gold into the UK tax free.

Not every transaction has to be declared.
Gold is completely tax free to buy
Legal tender gold is capital gains tax free if you sell at a profit
Why do you have to rent a safety deposit box?  $40k gold is the size of a smart phone, very easy to hide away safely.
Allocated gold can be traded as easily as crypto with services such as bullionvault or goldmoney.
Gold can be spent as easily as crypto with Glint
Gold is not difficult to travel with, you just have to declare over a certain value at customs.  There are several members of a precious metals forum I am a member that often travel to europe and bring large volumes of gold and silver back.

Shares or cryptocurrencies serve different purposes to gold as they contain significantly more risk than physical gold (see my above post video link)


There is still plenty of gold out there to mine e.g. in sea water, deeper down but it comes down to how cost effective it is to mine.  I think most of the low hanging fruit is already gone and with decreasing gold yields, increased energy, people and equipment costs the price will have to climb just to hit break even point.

I think in the not too distant future it will be more profitable to recover gold from e-waste rather than trying to dig it out of the ground.

That's definitely true, and why people pick gold over silver. I think that the main problem for average joes is that they don't trust themselves holding anything of significant value at home, doesn't matter what it is, gold, crypto, jewelry, and so forth.

People feel comfortable having a bank do the work for them, where in some cases they are even insured up to a certain amount. I can have a safety deposit box be insured up to €50k, but that requires total openness.

If you don't want that your bank knows what you store, you can skip the insurance part, but that comes at a risk--frequently you see criminals accurately dig tunnels to where these units are, and we all know how this ends....

This is where the banks come in handy: they offer protection for your important assets and you pay them in return. Even I get anxieties when something valuable is stored at my house, be it a piece of a paper memorabilia worth thousands of dollars or just an average techy item amounting to some tens of thousands of dollars. Idk about any other people but I get the heebie-jeebies holding a significant sum in my hands. The banks can do it, and if they promise me that it'll be insured and I just have to pay extra, then so be it. At least I still get something when the item goes poof.


A great thought and I often wonder how criminals know what to hit on a relatively safe environment. I'm not saying that it could be insider information but yeah, *wink wink*.


--

Here in the Philippines, there's not much interest and craze going on about gold, though it's still somewhat important to know that gold is extremely valuable and will be picked as a currency at any given day by most people, so if in case the massive devaluation of fiat currencies continue, they still have gold to keep them rich. Only the rich guys will buy gold tbh, but the middle class and the proletariat will never  have the chance to touch gold IMO, as these precious metals are usually confined within the reach of the wealthy class and governments.

Using a safety deposit box introduces another element of risk.

During the recent Cyprus banking crisis with capital controls in place customers were prevented by the banks from accessing their safety deposit boxes.

Always comes back to "if you dont hold it you dont own it", same applies to leaving all your crypto sitting in an exchange.

The dollar was backed by Gold until Nixon decided otherwise


The current financial system is like a Ponzi scheme. The only thing that makes it still alive is the machines to print money.
We live on borrowed money, the whole system is based on loans. It can't work indefinitely, like HYIPs there will be a point of collapse. It's almost mathematical.

Governments borrow money for everything, they can't even pay interests, some borrow money just to pay the interests. More debts for the countries and so its citizens.

It hasn't need to be something more dramatic like a world war, it could come just from one bank collapsing, or it hasn't need to be worldwide, it could be just located to an area like America or Europe. As an example, I could name Italy which is a country that could "crash" the whole European economy and perhaps more, banks are in serious troubles there


Right, but people have no problem to declare the gold bought or sold as well to pay the taxes that come with. Especially since you don't sell your gold you just buy and store it. The minimum period before reselling your gold is at least 20 years. And when it comes to taxes people don't really care because 1) if they have a loss, no tax 2) if there is a profit it's a bonus for them (because they did buy gold not to make a profit but to secure their capital)

You can buy gold at the supermarket, can you buy Bitcoin?

That's the reason people rent a safety box in countries where the governments can't take out your gold, like Belgium and Switzerland.

I like your view of point mate, it's really obvious that people and also the influential people and countries are buying golds because they know that a crisis will happen and currencies will go down and if you will hedge your currency, you would be needing to wait a decade to get back your profit.

Yes, people will come back to gold soon and that is expected. Maybe the war will happen soon between Europe and the U.S or maybe China, Russia, and the U.S. Ain't know yet. ;)

Most investors have found gold to be their choice of investment due to the volatility of the cryptocurrency market in recent time and gold have proven to be stable for a long time now, the price and demand for gold have increase in recent time and that is a plus to gold market.

We do not know if some investors will come back to investing in gold and I think it will be hard to decision to them if they keep on investing in cryptocurrencuies or they will invest again in gold. We do not know what will happen in the future in cryptocurrencies but if will give a chance to choose I will stay choosing cryptocurrencies which I know also have great potential like gold.

the Crypto universities are not totally entered into the complete file decrypter they are still using gold and some other investment still now like how they are contributing the crypt of yield so it need no opportunities to get back to the normal position because it already happening here.

Maybe the other will back to the gold but i think many people still love crypto because of the huge profit for this. But gold is for the safety investment and for long term. If you will back to gold dont forget the crypto too like bitcoin that make a many people rich.

If you're being practical, buy a gold for a good and trusted investment because that's a physical quantity. If there's a huge crisis in our country, lock down of internet, servers shutdown, and war, probably this gold might help me to bring me up again. But if you're really being practical, buy some property, I assure you it's way more better to gain profit.


Loving crypto makes it bad, there is no always huge and stable profit in cryptocurrency. I agree that crypto and gold will make an great evolution to the digital money.

As a store value, maybe.

As a cash alternative? That option died the day the internet was invented.

Seriously, how is people gonna use gold? Let's say you bought a computer from amazon. How you gonna pay? Send coins with fedex?

Gold is done with being a cash alternative. And soon dollar will be following.

More from a funds management side with investors using Gold as a store of value. But if "a lot of investors" are buying gold at the same time, it could tell something, it can be a market collapse or simply nothing well performing for their taste currently so better to store and wait for an opportunity in some months.

We used gold centuries ago, we could be totally able to come back to it. Or at least back to the US dollar backed by gold like it was years ago.

I think some of the investor of cryptocurrencies started to back in GOLD because of the current situation of market. But, do you think some of them will back to investing in cryptocurrencies especially when the uptrend started?

In a recent news, I read that many millionaires have returned to believe in gold, since they think there will be a global crash for this year or next, the Rotschield case is one of them, although the best and according to a book Well called "A Random Walk for Wall Streeth" by Burton,teach that money should be diversified so that we have several protection options, so I would say it would be good to have gold, cryptos, fiat money, real estate, among others.,

People always made the hope with the gold is more than Bitcoin investment Vikas gold is more stable than Bitcoin from a long time ago so definitely if the blockchain technology will not been useful for the people they will return to Gold very easily this will definitely happen if the cryptocurrency field collapse.

You seems to be so discoursing which is not good for sure, I think it is good to invest and keep investing in bitcoin only, don’t look at price change only as there are some issues to be consider as safety and holding issue, you can’t hold so much gold at your home that can be dangerous for your safety on other hand investing crypto will give you wallets online which is unable to hack or to steel so better invest in crypto only avoid investing in GOLD.

Based on history we know gold will still be valuable 500 years from now,  its difficult to imagine bitcoin being the same that far in the future.  The smart move is to invest in both.

The problem is that physical gold might be a pretty bad investment. If you have a gold bar in your house then you should carefully watch over it because any tiny scratch will cause a significant price decrease while buying a "virtual" gold still can't guarantee 100% safety during a financial crisis. Also in case of any military conflict even physical gold won't really help you.

You have made a more practical analysis of the topic and I agree with you. The topic would have been better coined as "the challenges of gold in modern economics"  ::).

People these days want to handle lesser goods, properties in their hands. They want to be handy. Simplicity is taking over our lives, even with technology as we see.

Gold was known as a means of store of value, it defined riches, affluence and a show of better living but not anymore.

People find it difficult to carry themselves around and not to start worrying about how to carry their gold  ;D

The physicality of gold , like fiat is its major undoing against bitcoin.

Its importance is no longer felt in modern phase of technological growth. More over, block chain apart from bitcoin, can be better utilized more than just a "gold".

Another example of someone that hasn't got a clue what he his taking about.  Gold bullion be it bars or coins are valued based on gold content. Scratches, finger marks or dents make no difference.    The only thing you need to keep perfect are proof quality coins.

The UK also issues gold sovereigns as part of air crew survival kits encase they are downed in enemy territory.  I think they are a little more knowledgeable than you.

Well said, a diversified investment seems to be the best way to go profiting and this lets an user go without loss even when there is some sort of bearish trend. Gold being historically valuable people tend to go on back to gold when bitcoin experience a downfall. As said when years pass bitcoin too might grow in the technical aspect same as gold which is asset based.

Bitcoin is only 10 years old.Many rich people are not even aware of the existence of bitcoin and cryptocurrencies.Let's understand the value of gold and the value of bitcoin.Gold is a unique metal without which in fact most industries will not exist.What is bitcoin-a virtual asset that can not be felt and stored with a 100% guarantee.What can be done with it?Just store in the hope that its emission is limited and it will be guaranteed to grow in value?Why is the state buying up that gold and not bitcoin?If you believe the author of this post and agree that really many countries are buying gold on a large scale,unfortunately it says only one thing-the world is either preparing for war or for a very protracted crisis.

I doubt it would be a permanent thing.

Gold has always been a favorable thing to buy during the economic crashes but also do not forget that as soon as the crash happens and we go into the recovery period there would be people trying to sell their gold to buy low valued stocks to be bottom buyers in that sense. That is why there is really no trust in this gold buying period because the drop will be quick and people will sell their golds to buy stuff for sure. That is why I think it would be wiser to stay in crypto for now because if the markets fall there are not many people who will sell their crypto to buy stocks at the bottom unlike gold.

Price of gold could probably be going up for a while and that is decent but believe me when I say this it is temporary and it will fall back down.

Not gonna work out

Well, it could actually work out if we got back to the state we had been in like 16-17th centuries (or even before that). Conspiracy theories aside, the major reason why governments dismantled gold backup of fiat currencies was because it had been a constant pain in the ass in the form of monetary imbalances which were caused by the rapid expansion of the world economy due to Industrial Revolutions (definitely not a bad thing on its own)

It had started to be acutely felt in the second half of the 19th century and ultimately led to the Great Depression of 1929 (with a train of minor crises before 1929). The Nixon shock of 1973 was sort of official divorce, but we could safely claim that gold and dollar parted their ways as early as 1933 after Franklin Roosevelt had signed his famous Executive Order 6102 (https://en.wikipedia.org/wiki/Executive_Order_6102). In other countries the separation occurred even earlier

The current volatility in crypto currencies may attract investors as traders, to use gold for the foreseeable future as a substitute.
specially " the Gold Standard"is a monetary system as a value directly linked to gold.

Many economists, in favor of gold, recommend having gold shares even if gold falls, almost the entire metal market suffers, and as can happen with Bitcoin.

If Bitcoin falls, all altcoins suffer. It is not that we return to Gold, but it would be excellent to have some gold shares as a measure of protection.

Some think that this year and 2020 may be a global collapse of the economy, and a protection option would be gold, in fact, recently, there was a leak of news from the Rotschield family, which has changed all its investments to gold. It must be taken into account, gold represents solidity, security and under that premise are based on acquiring it.

Then go try to sell bank issued gold bar with a scratch back to the bank for approximately the same price as you paid for it.
Maybe it doesn't work the same in all countries but the general rule still looks like that.

You obviously have never owned any gold so why not stick to topics where you have a clue what you are talking about?

No bank or bullion dealer will pay you the exact same price as they sold it for or they would go out of business very quickly (taking out spot price variance)

There is always a buy/sell spread, typically I but at 2% - 3% over spot and if I were to sell immediately back to the same dealer I would get around 95% - 100% spot depending on demand at that time.

Bullion is called bullion for a reason, here is an example:

https://www.hattongardenmetals.com/sell-scrap-gold.aspx

See how prices are based on gold content with no mention of scratches?

Right, I didn't know what was the Executive Order 6102 and wasn't aware a few countries did it before the USA.
What you call "the monetary imbalances which were caused by the rapid expansion of the world economy due to Industrial Revolutions (definitely not a bad thing on its own)" could be also called as the new way to print money and the unlimited scriptural money based on nothing. To reply to the industrial revolution as you said.

It is more like all major countries did it before the US

Basically, the gold standard was effectively abandoned everywhere in the world (but in the US, obviously) when WWI started. That was a reasonable thing to do as belligerent countries started to print money like there was no tomorrow and for some of them there was not (as all countries do that when they are warring)

Germany as the Wiemar Republic had returned to gold standard in like 1923-24 for a short while to get down with the hyperinflation they succumbed to after they had lost the war and were obliged to pay heavy war reparations (which they fully paid out only in 2010)

Yes if once you buy some gold and you store all of them in bank then after holding if you take It out for selling so it will not make profit for you but most of time it use to increase the value, so according to me investing your money is gold is not good investment and wise people never get back to this old system of investing our money.

I think gold is a optional investment or safe investment , you cannot to lose more not like crypto . I prefer to invest gold to for your long term investment and like other said is the best investment because you really safe but not to much profit not like crypto.

We do have set of people who focuses on buying gold even the value may go up or down. And, i dont think buying gold will certainly yeild profit as like crypto currencies. So, its the right time to spend and collect as many coins as one can. Split your investment and buy different coins which is at its best growth trend and volume.

We can all see that governments did the math. If they are buying gold it means they are afraid many fiat currencies will be killed by inflation in the next decade. They need something to store their wealth in and be able to trade with other countries in a monetary crisis. What do you do as a government when nobody wants your fiat or when a bank that held a lot of your money goes bankrupt? You have an option of selling your companies and land or let people starve.

everyone will not switch investments from gold to crypto currencies. until whenever gold will be the safest long-term investment and the price of gold every year increases. so it is impossible if the gold user will release all of his assets and switch to crypto currency. but gold users can invest without having to release all of their gold assets.

Gold practically has no use except for to accessorize. IMO, gold is not such a good investment unlike many believe it to be. Back when there were not much to invest in, gold was probably one of the few options to choose from. Plus considering the fact that it was used as a medium for exchange, people must have saved up on it because of it's increasing value. But I bet it had increasing value then because of its use, but now since it's not used as much nor is it as rare to find, it may not make much of a good investment nor will it's value increase as significantly as before.

I also think like that. gold has indeed become a clear instrument of investment long ago. well, but since 2016, there have been quite a lot of people glancing at crypto. but, after price declines, they might look for other investments, and gold could be one of them. but I think there are still many projects that can reach hardcap, it depends on the type of project that exists.

What about the 429 tonnes used for industrial purposes.

I wish people wouldn't comment when they don't know what they are talking about.

i think comparing gold and crypto or especially btc is not appropriate as i have seen many do it,gold is a mineral ,it is not just used as asset but in different field as well ,one of the major it is used in ornaments and south asia and rich people prefer to wear rich mineral which dignify their status,sorry to say btc doesn't play role other than payment breakthrough,in future we might see better payment technology but gold will be irreplaceable asset in general life.so it is not fit to compare both of them.

You obviously miss the whole point of gold

Gold is a very specific investment, if investing in it can be called an investment at all. People are typically investing in something (say, Bitcoin) to make their money grow. But this is not the case with gold and if you are looking to multiply your wealth, gold is an enormously wrong choice (read, you should look elsewhere). Gold is a store of value and it should be considered as such only, i.e. as a store of value and not as a vehicle for multiplying it

https://s41.radikal.ru/i094/1702/18/80b4b1f3ae2b.jpg

Gold is like silence, it is hard to refute it

People will not return to gold, because they have not left him anywhere. Gold has always been and will be the most reliable repository of value, which also brings some profit. More risky investments sometimes bring more profit or loss of your funds. Cryptocurrency has a certain risk, so the amounts that we are willing to risk, we invest in cryptocurrency, and those that we want to keep in reserve, it is advisable to store either in a bank for deposit storage or in assets such as gold.

I believe god would be used only as backup. After all the human society is more developed than 50 years ago and we can estimate in a different way the value of objects.

Where when all people think that bitcoin / cryptocurrency is the most important thing in all fields that's where everyone will get back to business in 2017,
I'm sure this 2019 will make everyone nervous.

Indeed, Bitcoin is a virtual gold.  Because it is expensive and its limited amount in circulation.  I am sure that in the future we will use it and we will all understand it.

I trust gold more than any other traditional assets all around, it is tested and aged since the beginning. In any case just to be safe, we better hold golds too for us to be put in a safe place. Sounds great right? Gold, Bitcoin, Farm Lands, I feel safe with these investments.

If we take a look closer, we have already found Bitcoin and there's only a few opportunity for us to get back on fiat. Let's put aside fiat since there are a lot problem on it and do compare Bitcoin with Gold. The biggest problem on Gold is about the size and weight in transaction : Bitcoin can be divided to 8 decimal and simply used by transferring it to other party while Gold, even can be divided to small pieces, it will be hard for a large amount of transactions. Other problem might be about control : Bitcoin, as we all knew have no center and no one can actually control over it while Gold can be controlled by few parties that has a big power.

My opinion is the gold is like being stable for long period of time people always using it for their future investment but more than gold people want quick profit and quick success that's why Bitcoin will be going like super developing investment in all the mindset of paper so coming back to Gold will be little difficult for everyone in the future.

Maybe your opinion is true that gold has long been used as the easiest investment whenever it can be directly carried out transactions, but it is different from bitcoin because bitcoin is a long-term investment that needs to be researched before making a transaction, because if Bitcoin incorrectly applies the transaction then it can experience big losses. it will not happen with gold.

You are quite right, the bitcoin can generate losses only when you enter the less indicated time, that is, in 2017 many people entered and bought bitcoint in $ 20k, that happened to them because they did not know what they had in the market, if we compare it with gold, is very different, because gold has a great support worldwide and is the one that gives greater stability to an economy even of nations, in fact, the nations that have more gold reserves in the world, you could say that are well prepared to resist a possible global collapse of the economy if we take into account the dollar and the euro.

On the other hand, bitcoin represents a safe investment at this time, because if you study the market at this time, it can be determined that there is a very good accumulation phase for a bitcoin investment, which, in a time that can not be determine when, bitcoin will grow much more and will be much more valuable than gold, in fact in a possible global crash, you could compare or equate the value of Bitcoin / Gold, since that would be the currency that could be taken into account in a moment like that, if the world economy in such a case can not recover.

Many currently buy gold, but they themselves buy gold, they also buy bitcoin, because they know that having a strong backing, they can always have bitcoin and gold as a speculation, so I think that yes, many buy gold for those same reasons, to protect against a global decline in the economy.

this happens because volatile bitcoin is high, so the value of bitcoin can change drastically in a short time. of course it becomes problematic when used as a currency. but if BTC can win the trust of the whole world, I think price stability can be maintained, and it does not need to go back to gold

During the past 6-7 years, gold has lost its importance as an investment asset, partially because investing in other assets were much more profitable. For example, during 2011-19, gold gave a return of -20%, while DOW JONES gave a return of +136%. Among the major assets, gold was the only one which gave a negative return. All the others (real estate, treasury bonds, commodities.etc) gave positive returns to their users. And the future outlook also looks discouraging for gold.

I always thought about gold as a way of keeping your money safe, not as long term investment, more like to keep money to lose its value cause of the inflation. I agree with you that some other investments can bring much more profit, and people now days are more technology oriented than ever before. People will have gold, but in future majority will get into crypto, after that they will buy gold with crypto if they wish to have some gold, or diamonds, or any precious metal.

Gold is always regarded as a low-return asset. Therefore, the investors will become interested in gold only when the other assets losses their preference. Now the problem is that the markets are doing pretty well currently. The last time we had a recession, was way back in 2008-09. Unless there is some event like a recession, people will continue to overlook gold.

Gold is a physical thing that can be seen and touch and for me it's considered as a valuable thing especially when someone give it to you. For me, people will get back and buy gold because you can mortgage some gold items to some luxury shop. Unlike in cryptocurrency, you can't see and touch it but it's also a very valuable thing that you must have. The cryptocurrency have an advantage of being hold and might have a great profit in the future. Gold is a precious thing and to be save for emergency or for the future but the cryptocurrency is for long-term investment.

Unlike the recession as well other economic factors people always give importance to gold as a safe investment. With this each and every user will have certain percentage of their investment onto gold. Another thing is the profiting from bitcoin as well other cryptocurrencies, one who have experienced the good earning out of bitcoin will never think of gold even though cryptocurrency network has got lot of consequences.

Definitely yes! Gold is the most sustainable and stable asset a person could ever have. Also upon checking, the gold is more profitable and the tycoons are currently moving their assets and converting it to gold already.

The people are not yet convinced about the possibilities the cryptocurrency could give. Considering it as an investment is still a risk. If you will try to check the news, the government are already deciding to ban cryptocurrencies in the US and they are alleging it to be affecting the international rules and laws.

Well, gold is the most used asset ever since in this world. Also, you can definitely make it as jewelry.

Markets are tanking at the moment due to trade war fears. But gold hasn't moved yet - perhaps it will in the next few weeks if investors start to get really scared.

Gold is an amazing indicator to measure fear; if it doesn't move in times where people do expect it to move, there just isn't enough fear in the market.

Another aspect is that most of the money that's being printed largely flows straight into the stock market. In that regard, it makes sense to ignore Gold, because hey, Gold might be a safe haven asset, but if stocks offer more short term reward potential, investors will ignore Gold until they see the stock market run out of steam and make lower lows, which it hasn't done.

Most people before the US stock market firmly rebounded were strongly of believe that it was the beginning of a massive correction ultimately leading to a crisis. Turns out, it was an amazing buying opportunity. ::)

I think not. Gold and silver supplies are controlled by central banks, and as such, they dictate the price. The only way for people to go back to them would be if governments started to sell gold to buy bitcoin, and the buyers of such gold would be private companies with the intention of establishing a new market, not controlled by central banks.

Why would really need to choose if we would able to possess both things? Comparing Gold and Crypto isnt really that right.
We have known that crypto are digital asset and gold is a natural mineral that can be found on earth which is really having that physical
form.We cant say that gold investors did fully switch to crypto when we do talk on coming back to gold.People would just normally go to
assets which do have security when it comes to price increase in future but well having out crypto is also a good option as well but somehow more
riskier in terms of investment.

Because Gold isn't for a long term investment? When you invest in gold you do for at least 20 years, otherwise, it may don't worth (from someone looking for profits I mean, not someone seeking to save a capital), it's like the real estate.
Also, people argument that cryptos are digital, which is true, and gold, not, but there are investors investing in digital gold/gold paper. With the OP I was more interested with the mass population and the average Joe, not really investors or companies.

Indeed, on the basis of the past, many people invested in gold and silver, but nowadays other investment places have emerged, such as in digital currencies or among other international currencies, and most of those who have invested in digital currency have returned to gold which is more reliable for  make long-term and safer investments because of insignificant price changes

But sadly the government will never to do that consider about they are using it as their reserves. Washingon was announcing if the US was holding the biggest gold in the world. But everything controlled by the central bank. The Fed will not try to do that caused by it can give impact to the dollars.

People will not completely go with the Bitcoin they already had the connect with the gold in all the time so the Bitcoin is not performing well then they can definitely ready to go with the gold.

right, of course the government will continue to make gold as the last weapon, where I don't think we will return to gold to invest, but gold remains as a reserve as it is today, of course, as US does not want dollar control to end

When the rate of return for a particular asset is in negative, you can't use it to store your wealth. For such a purpose, the returns should be higher than the inflation rate. And this current bearish trend for gold can't be dismissed as a temporary phenomenon. The demand for gold is declining all over the world, especially in the top two markets (India and China).

The situation will only decide about the future how we can go with the Bitcoin are gold because both having a huge expectation for the future if the Bitcoin fails then people definitely go with the gold only but I am sure about the Bitcoin is having a great future so the possibility of getting into gold was little bit low

Gold symbolizes the stability and reliability of your savings. It also brings us the average yield from the growth of its course. Gold has always attracted people with this, so people have always trusted him and will continue to trust him. In this regard, the expression that people will return to gold is a bit wrong. People did not leave him anywhere. Smart people have always kept some of their money as a reserve in gold. I think that this will happen in the future.

In fact, that has been going on for nearly 40 years

Even if we take into account the rise of 2009-2011 (which was caused by massive printing of dollars via a few rounds of QEs), gold hasn't been able to beat the dollar inflation during that timeframe. It means that if you kept, say, US government inflation-adjusted bonds (TIPS, or how they are correctly called), you would be better off now than if you kept gold all that time (not speaking of other investments)

However, even if gold was an underdog all these years and its returns adjusted for inflation are mostly negative, this doesn't in the least strip it off of its store-of-value use. The decline in value is quite negligible in and of itself, especially if you aim at protecting yourself from events which would devalue anything but gold. In a nutshell, gold is still a good store of your wealth even if it has been somewhat undeperfoming recently

Well, I have never really like Gold that much, the hype is just too much and there is nothing that much to really gain from gold because of its very low volatility, no matter how long you keep gold, the value one later convert it to in future is not that encouraging,

I see gold as an asset that is just good for one t use in tying money down against spending, or savings. i.e. if I have a money I don’t want to spend, it would be easier for me to convert it to gold and keep till I am in need of it turn to at any time, I could then be lucky that the value would have appreciated a little bit by the time I need it or t could even depreciate.

For now, I would rather use whatever money I have for a volatility market in cryptocurrency which has better return rate, and I think government should be looking towards this area too.

Same thing is going around in the whole world right now, the inflation is so high all around the world that the interest rates for getting a loan is high but interest rates for savings is a lot too. What does this create ? People with money not investing into stuff that would create job opportunities, not investing into business, not investing into anything that would help the general public but keeping their money in fiat in banks for high interest rates which results with of course gold not getting as much attention as it used to.

Normally, when the interest rates are incredibly low they are getting very good returns in gold because gold is usually better than bank interests but right now that is not the case which cut the attention to gold deeply. Could it reverse? Sure if inflation is fixed, but until then this will continue to exist.

To be honest people are already into the gold thing, honestly in countries like India people still keep gold as a storehouse of money , gold is essentially something that cannot be demarcated from the women essentially 🤣 as long there are people willing to buy and wear gold there will always be some value which accounts to he side of gold
Also gold I don't know if I have ever heard it going back in value which would be major , it always went up the small downs are not something that can be accounted for therefore what I think is it will always have a place in investment sector and also people will actually start indulging in that more.

Gold investment is not something to look for big profits, right as you think that gold is a very low return and profit asset. many are investing in gold because they don't want to have huge losses if there is a decline, in contrast to bitcoin if the investment can be profitable and can also be a big loss if not careful.

Modern people enjoy gold only as jewelry or luxury objects. For me gold is similar with crypto but in the stone age. People will continue to use values in a safe and comfortable way so they will not be reorientated to gold or other expensive metals.

The case with India is a little different. Indian women are the biggest holders worldwide and from what I understood it's part of the culture there, so not surprising the households have physical gold. However, if you consider the average Joe from developed countries, not a lot of households have gold.


There is perhaps nothing safer than gold.

Gold is definitely a safe bet because it has proven itself for thousands of years already, and the general consensus is that it will remain that for another few thousand years. That's a very bullish degree of trust gold enjoys.

If you also add that governments keep stocking up on gold, you'll know that they have all the incentive to protect its value as much as they can. Bitcoin has a lot of catching up to do in that regard.

Gold shows that you only need to do one thing right to become extremely valuable, which directly also applies to Bitcoin, but Bitcoin offers way more utility than gold does, which in the long run will add even more value to it.

Yes a lot of people has been going for gold as of recent. Did anyone of you ever come across the news that the Russians are planning to invest a $10billion in bitcoin? Haven't been seeing anyone talking about it again, seems like the news was fake. A lot of people were saying that they are going to ditch the US dollar and buy bitcoin.

A lot of publications had it on their news, just like Daily HODL and The Telegraph, and the evidence they have for it is kinda filmsy. First of all I don't even know a government will decide to invest in bitcoin, for what? Is it because they believe in BTC or because they want to invest and make profit, I just don't get.

Gold will be valued always, but if it is correct to say, "it is not in trend". The price of this precious metal is not growing much, so it does not bring profits. You can just store gold for a long time.

investing in commodity market especially gold, will usefull while stock market or forex market crashing.large investors and speculators moved their asset to safe heavan portofolio that is gold.

Gold is also a good form of investment and so the more you have earned gold,the more profits you get.But i don't think it will beat crypto investment because it's very clear to everyone here that there is huge profit in crypto rather than investing gold.But somehow it will make a good investment if you will have them both.

You don't need to compare investing in crypto with doing that in gold. Crypto is a very high risk and volatile asset, which can be compared to other similar assets such as penny stocks. These assets have the capability to give good returns in the short to medium term, but at the same time there is a real risk of losing your capital. On the other hand, gold is one of the most stable assets that are available for investment and many of us use it as a store value for money.

the community is actually still loyal to gold. more people are entrusting their investment in gold than cryptocurrency for now. and I think the future will be the same. because crypto is optional while gold is certain

precisely. basically people are still trying to invest in gold. even in my place, people always talk about that. long ago, gold was always valuable. even I want it too. if I have a lot of money, of course I will invest in gold. I think it's very profitable to hold it back in the long run.

Though gold is a good investment, with the current market state like this fast bull run of bitcoin who almost reach $8k, I doubt if investors will go back to gold. They'll gonna forget it for awhile while this bull trend is performing and will remember gold when the market dumps. How funny but that is the truth. Though gold is regulated or not, bitcoin is still more profitable and valuable as for me. I have golds, too. But I am much interested in bitcoin since I experience some kind of excitement and enjoyment while trading some of it.

Gold is a precious metal that many people are hunting and many also invest in the gold section because many people have invested in gold in the past and got a rather large result, maybe if later the price of bitcoin and altcoin has not changed  well again, people will return to gold that is trusted and has a risk that is slightly lower than other investments

Yes true, but it's because Bitcoin was designed to be a currency rather than a store of value. So naturally, It will get more utility
To be honest I don't think it's a wise thing to use Bitcoin as a store of value. Note, I don't say for an investment, but in this case, it's not a store of value, it's what it is: an investment.
Even if we are holders, we're investing and hoping to get a profitable return for the long run. Not the same thing when we send money on godl.


All other users repeat the same things over and over, I don't even want to reply to repeat the same thing too.

people always thinking about gold investment in all the situation but after the entry of Bitcoin it will be little red right now but mostly the Bitcoin users also so make the confidence with the gold all time so it cannot be replaced by anything.

As long as people can buy gold like before, they will come back to gold especially for people who already have gold because they see gold still be the best investment for them. But if they know cryptocurrency, they will try to have one or more coins as their investment besides gold, but I think they will always come back to gold.

yes, if they know crypto, they might invest part of their assets. but I don't think they will leave investment in gold. and if they profit from crypto, maybe they will diversify in part to gold

For now, bitcoin would not be able to serve the purpose gold is serving, Gold has regulations and back up of government and the market volatility that is low makes it preferable for store of value, but I think as for the investment part, bitcoin will surely be more preferable, as we cannot compare the profit you will get from bitcoin in a short run to what you will get from gold in a long term.

There shall be a time in future too when bitcoin will serve more purpose for store value than investment, and that is one of the features satoshi wrote for bitcoin aside payment purpose and anonymity.

People who know better about the profiting through cryptocurrency will never try to diversify their assets into gold. With cryptocurrency an user will easily grab a big profit in a short which one cannot get the same through gold even after years. Gold in most cases is used as an investment as it provides with the much easier access and liquidity.

gold is one of the best investments on earth. So, it's natural for people to invest in gold again, and that is something common. in fact, some see that gold is something luxurious. maybe crypto is a technology that can be compared to that, but, people will definitely buy gold when they have a lot of money, or see that it is something expensive and luxurious.

as you say. if people know about crypto they will not choose to buy gold. but if they don't know crypto, of course gold is their choice, because there is no other option that is more profitable than gold. so an investor who does not know crypto does indeed know crypto sometimes, so sometimes they feel sorry. because they don't know crypto from the beginning.

in current condition bitcoin or cryptocurrency looks like attract commodity investors to put some of their money.bullish movement and high demand on market be main reason for investors to do this.crypto like digital gold but it has difference on technology developtment.

I think with this current positive condition of the market, more people will focus on crypto investment rather than in gold investment. Huge profits await in crypto while gold only bring us a minimal profit so no wonder we will be more profitable in crypto rather than sticking in gold.

if we see bitcoin price movement at this time, i see huge demand now.market capitalization rise alot on few days.i am sure this demand come from large investors and finance institution.and maybe stock investors from several countries invest in cryptocurrency market now .

with evidence that in recent days bitcoin experienced a significant increase. this indicates the increasing number of requests. with increasing prices gradually, it will certainly convince investors to invest

With the trade war between China and the United States ongoing, the future prospects of gold has definitely brightened. The markets are down quite significantly (some of the world markets are down upto 5% in one week). If the markets go down for the next 1-2 weeks, then at least some of the investors may be open to shifting a part of their wealth to stable assets such as treasury bonds and bullion. And this may increase the demand for gold, and in the end result in a rise in the prices.

Some countries have been buying gold, as they want to reduce their dependency on US dollar, but in general i don't think that people would get back to gold, instead they are getting attracted to cryptocurrencies.

Mike Maloney talks a lot about this area of economics, be good to look him up. It's been said that we're heading for another and even greater global recession, and things like the US Petrodollar will eventually collapse (and all paper fiat has had an almost certain failure rate, and the Petrodollar, as you know, was just another save for the US dollar, though it is not the same thing as it used to be). If and when these types of events occur, precious metals like gold and silver will be among the highest prized of assets, and will likely spike in value. Naturally, central banks and multiple governments are stacking up on at least one of these precious metals (though some have said silver will even outperform gold). I heard a long time ago that the BRICS nations were discussing a gold backed currency, and just now saw a couple of articles from last year about a gold-backed Petro Yuan. And there's more to be said on the history of gold ownership and currencies.

I would say, yes, it would seem that gold is certainly making a comeback. Although, those who are in the know, never stopped wanting to invest in precious metals, because they know they have an unmatched intrinsic and historical value among nations and individuals that has continued to this day.

Have a good day,
The Cyberius team.

right. currently the era of technological development, even though gold has become a good investment and has gained public trust, but with great opportunities, crypto will be more profitable later when we invest now

Crypto currency has been chosen by many people. maybe when compared to crypto currency gold is preferred. even though I'm not too sure if people will turn to gold.

gold considered as  safe heaven asset in finance industry.much trader and even finance institutional has gold asset in their portofolio as hedging tool.maybe we take a look at commodity market gold price rise alot in few days ago like bitcoin did.

You are gonna lose money because gold is not good investment I don’t consider it more profitable than investing crypto currency, for me gold is not worth investing in this era of technology we should think about investing in crypto currency only, it has more profit than gold as gold is just a temporary profit but crypto currency is gonna save our future.

I can't understand why some users are saying that if I know the cryptate market I don't invest in gold; why this?

If I'm just a simple speculator or I only have a small amount of capital available then I can focus my attention, my strengths and energies on one market (the one I know best), but if I'm an INVESTOR with a fair amount of capital, or one company or fund or state, then having gold in my portfolio is a duty, or almost an "obligation".

For millennia, in every civilization and epoch, it was considered first a currency and a readily exchangeable commodity, then it became (after the birth of the banknotes and fiat currency) a safe and investment asset, which protects and preserves the capital with a thousand speculations markets, governments, wars, etc.

Finally, even if there are no precise estimates as for Bitcoin, it is also a limited, finite resource; as for Bitcoin, also the GOLD has a cost of extraction, purification, transport, processing, etc. under which the listing could hardly fall, except for short and particular periods and / or historical moments.

On the purely speculative side of the price I don't want to get into it, except to say that the gold market is today among the most manipulable markets we know, and the price has been artificially low for years, within a certain range.

You know that gold had been around for a very long time and that means that a lot of people knows about gold than they know about cryptocurrency. Even people that don't make use of Internet a lot knows about gold cause it has been around for centuries and has been useful in so many ways,, even as an investment. Since cryptocurrency has not been around for that long and has been for just a decade and few years, so I'd say that it can't compete with gold for now. And another problem with crypto is the volatile nature.

As I read in the economic news, the gold reserve rate of the states is increasing and they buy gold. In many countries it is known that people prefer physical gold as the most valuable investment and save gold. Personally, even though I prefer to invest in cryptocurrency, I think it would be very reasonable to invest in gold against a possible global economic crisis.

investing in gold is not something that is a secret. even though people do different businesses, whether it's cryptocurrency or other online businesses, I think people will still buy gold for their investments. well, you could say it was an investment that could be given from generation to generation.

The reason why I feel you would prefer to invest in gold to crypto is because cryptocurrency is yet to be regulated which is one of the reason why the market is still very volatile, but once government can regulate cryptocurrency, bitcoin most especially will appreciate to the point where it will become almost like a stable coin, and once we can achieve this level, people will definitely opt for bitcoin as digital gold because it is easily accessible compared to physical gold that you have to travel a far distance to have access to it, then to also get a buyer of it become very difficult and could take months and if not years for individuals.

Banks buying gold because they can't afford the level of risk btc offers. Bank are very conservative in their approach, and btc is very risky kind of asset for them. However, banks are realizing the potential of btc and that's why blame it mostly. Of course banks prefer gold as it's time-tested though doesn't give even a small portion of the revenue btc grants.

Gold has good value stability with the potential for higher price movements, but I don't think everyone will choose gold, because crypto also has good prospects in the future and because crypto is also a good choice.

No I am not sure about it because in this era most of people like to invest in crypto currency and make money with it, gold has become an old investment now and our money can rise beneficially with crypto currency as compare to gold, if you don’t take tension about the price but it is also danger to keep so much gold at your home, but crypto currency has wallet that is invisible and no one can know about how much you have in your wallet.

Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.

Keeping physical asset is more riskier compared with stored crypto assets, because once there's a possible intrusion on your property you're vulnerable of being robbed forcibly. As people happened to be more educated about crypto, I think the desire and interests grew rapidly this time. There might be people who've been leaving for months due to price declination, but after several days when the market begun to become capable of another increasing trend; the people again reinvested to bitcoin. Although they've been fascinated for gold for so many years, it doesn't hinder them to become more focused on bitcoin so far.

Crypto has more value compared to gold especially with this positive market that keeps increasing its price.But i still believe that some of us here are still buying gold for additional investment other than crypto.There's no wrong with it because we are free to make any investments that will give us good profits not just today but even in the future too.

by investing crypto we can get multiple profits. even though it carries great risks. then they also invest in gold because of the small risk, because the fluctuations are small too. it is done for psychological balance

gold is a very good and safe investment in value prices. I invest a little in gold because I see a good future

for those who are very fond of technology, I think the direction of their investment is in technology. those who invest in gold are those who may have achieved their success in a field, or want to use both of these as investment types. however, gold is an investment tool that is always considered.

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

What do you mean "dysfunctional metal"? One of the reasons why gold is keeping its value is exactly because IT IS functional metal, it has practical use. With all these new options of investing, one could think gold will lose value because it became less attractive compared to stocks and cryptocurrencies. However gold's price is relatively stable and safe investment because it has practical use. In the US, the amount of gold used in electronics is almost the same as in jewelry. And industry of electronics will only become bigger and bigger so demand for gold will increase over time.

Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and it’s also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.

Just like you stated, bitcoin is actually more functional than Gold and it is also more accessible than Gold, which makes it more useful even now that it has not gotten that much relevance as much as gold does, so I believe that in future, it will be able to serve as the new digital  gold.

Well i do believe there still many people think gold are the best investments. In my country gold are being use to avoid tax and they think gold is very liquid. Thats why i think ASIA is buying so many gold.Yes i do believe so but still people invest in gold cause it has a small fluctuation and safer than investing in cryptocurrency.

at this moment was be the trend for investment technology.since online business growth alot in the world cryptocurrency could support this busineess.but gold, as conventional investment always needed although it has no correlation with technology.

That's not necessarily so

In simple terms, gold is not something which the industry of electronics cannot do without. It is not the best electrical conductor out there (silver is at room temperatures, with copper being most widely used), and while it definitely has some unique properties, the demand for it is quite elastic. Put differently, if the price of gold rises, it will be increasingly substituted with other elements and compounds (or just taken away completely by changes in design)

People will always appreciate gold and invest in it. This has been done for millennia and will continue. It is a reliable and stable means of preserving value. Bitcoin and other decentralized cryptocurrency are not, since they have high price volatility. In cryptocurrency, you can earn money, but the reserve is best stored in gold.

I think investment using gold has been going on for a long time even before the investment of crypto currencies even though it is an investment in nature and in my opinion investment in crypto currencies is an investment using current developments and technology

They both have different functions to me for now, although I believe strongly that a time will come that bitcoin will become so much useful and serves as digital gold for people who wishes to use it as reserve, but for now, I think bitcoin is better for investment because of its volatility as you said which I think this is what people need for now.

You can only talk of reserve when you have the money to hold down for a long time, but for now, let’s make money from bitcoin first and then we can talk of reserve later. Gold is still very much stable and is more reliable for store of value till bitcoin gets to that stage.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

Yes. Bitcoin has more expensive value compared to gold nowadays. So people will crave more on bitcoin rather than collecting gold that is considered an old fashioned already. But i don't think collecting more gold today is a bad idea because it can still be a good form of investment and can still help us when other investment fails.

No, I do not agree with such an opinion. Gold has always been and will always be a reliable repository of value. Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

From what I know, gold determines the value of a country's currency depending on the number of their respective reserves. People seem to compare bitcoin to gold but what makes them different is its innate value and accessibility.


Bitcoin and gold investments are different and depend on your goal as an investor. One would argue that bitcoin may be better in terms of realizing short-term income and others would prefer purchasing gold instead. Diversify your portfolio by considering each depending on your need.

Yes. People will come back to the top of BTC soon
There has many financial issue China and US makes BTC price increases too much

I believe that a possible return to the gold standard is currently the only right alternative to the US dollar. Already, very many countries - namely, 12 major world countries have signed the necessary legislation through which gold and calculations in gold will again be normal practice. And it honestly makes me very happy.

Gold is the stuff that you can buy and do not sell for years. You can sell it anytime, and be sure that you will not lose at least. It is an asset. Cryptocurrency is the investment that can help you earn, but you risk to lose as well.

The gold standard is the old world standard and the future is technology so bitcoin and the blockchain is the way of towards this future.
It will allow us as a society to move away from the physical worth of things and have it in the virtual space instead.
Gold can be manipulated with the mixing of other metals and its purity faulters so its value isnt what it was when it was first dug up from the ground. :-\

Gold has very little volatility because it has been traded on the markets for centuries, and for the same reason it is regulated by very specific laws.

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million  ;)

That could happen, just take gold into consideration with the value it has got in the early days to the present. Earlier people got it abundantly and when the available source got shrunken with more demand for the limited mined gold the market value began to increase. Similar is the fact with bitcoin and other cryptocurrencies. As years pass can expect good growth to happen with bitcoin as it gets a long history and regulated usage when more countries legalize its usage.

I think people will look for new sources of gold, even though they are running low. so there is still mining land for gold. different from bitcoin, where supply is limited, and can shrink. hence the conclusion, I think gold will always be trusted by everyone for investment

I expect over the next couple of decades companies will start mining asteroids for precious metals, so the once finite nature of gold will change - maybe not infinite, but a vastly increased potential supply.
It will be interesting to see how this then compares with bitcoin's fixed max supply.
Anything can become a store of value, so long as enough people agree it has value, so that this opinion becomes the established consensus.
I would contend that something with a guaranteed fixed supply is much more suitable than gold to fulfill this role.

I feel that people never leave gold. so far, gold is the best investment. owning gold is something that is targeted. it's just that people today prefer fiat. in this case, people might focus on crypto, but I think when they are successful, they will start looking at gold as a form of their investment.

I still believe that the best investment today would be crypto because the profit we can get from it is definitely a huge amount compared to gold investment.But still some other people do not leave gold as their investment because it can still give them profits even in a minimal amount.

Such claims are bordering on insane

Most of Bitcoin's value (and even more of altcoins') comes via speculation. The real value of cryptocurrencies, i.e. the one determined by real-life use, is close to zero. So, I'm afraid, Bitcoin is rather going to be stable at around 0 if it finds its true value one day. The good news, though, is that the speculative value (which accounts for like 99% of Bitcoin's price nowadays) is enough to keep its price up and make plenty of room for volatility at the same time (which is another good news for most of us)

Assets like gold will come back, but i think in future Bitcoin will be the substitute for gold.

That is because people out there still believe that gold still the best investment they must have. They never think about bitcoin for the next new investment to make a big profit in the future because they don't learn more about bitcoin. But I am not sure if people will be back to gold after they know bitcoin because I think they will want to have gold and bitcoin in the same time because they want to make a lot of money from bitcoin and gold.

Bitcoin has the biggest investment value in market because both it is need of the time and of the people as well, we know gold has become an old fashioned investment, it is not safe to invest your money in gold, but we can have safe profit form bitcoin investment at this moment so I am not sure if people will go back to nineties again when gold was famous as an investment.

Gold is also a good store of value and has very strong price volatility. Most Gold traders cant trade bitcoin because of abstract process and knowledge required. Government investment in gold cant also be seen as trade war for accumulation against her competitors. The profit in the asset is very low over the years.

Same as our bitcoin is the gold we cannot expect a stable mind. People's mind used to keep on jumping, and there is nothing big to see people getting into bitcoin as well people from bitcoin getting back to gold. Gold is always the asset that gives the trust with its years of history along with the legal usage which makes it risk free and can be liquidated.

There is a lot of speculation regarding this issue, many people are migrating all their FIAT money towards the gold shares, and they are not anyone, the Rotchfields have passed and they claim that they have spent all their capital in Gold, because they assure that the market a global fall will occur.

Other people have some diversifications, which include gold, and some other Stock Market shares, but currently with the bitcoin boom, it is good to diversify into money FIAT, Gold and Bitcoin, I think the eggs have to be placed in different baskets.

Gold had always been a reliable asset. But today people are more demanding, gold gas too many limitations, I think Bitcoin Will have a growing share as virtual gold. In future gold will decrease as safehouse.

For most, if not all uses in electronics, gold can usually be substituted for other metals. Also, globally, only about 10% of gold is used for electronics.

It's also not the best investment when compared with stocks' total return index (appreciation + dividends)

https://www.longtermtrends.net/stocks-vs-gold-comparison/

(scroll down to the 2nd graph)

It's clearly not the best choice as an investment, but it's OK if used as a store of value when everything else goes to shit.

'Everything going to shit' is also something central banks should be preparing for, no one can tell if the anticipated slow down of growth in the US isn't going to turn into one black swan of a recession. A potential Eurozone crisis is also something to be wary of.

https://www.bloomberg.com/news/articles/2019-05-02/central-bank-first-quarter-gold-buying-at-highest-since-2013

No I am really sorry to say but all those things you are talking about is not Geneon for me because according to me this is era of technologies so why would people will go back to crites and trusting those investment which never had given them better future, see now people are rich but in old age people were not that because they were not having technologies so I am not agree with this.

I believe that we need to do a bit of clarity:
obviously I think that nobody in here dreams or hopes that ALL PEOPLE will return to gold .... maybe the title is misleading.

Gold will ALWAYS be part of a good balanced portfolio of every wise and prudent investor, as it has ALWAYS been; it is clear that today Bitcoin & C. have a marginal role in this portfolio, say maybe 0.5% (to be optimistic), but over time and with the maturity, growth and regulation of the entire crypto, Bitcoin & C. market will always have more weight and strength in these balanced portfolios of investors (as it should be), let's say up to a 5-10% of the total (I'm talking about big investors and assets, not the average man investing $ 10,000 , and takes great risks).

However, I do not believe that the growth of Bitcoin & C. will be to the detriment of gold, but rather it will conquer sections of the equity and real estate market.

gold is the best investment asset I think. long ago, until now, gold always had great value. when people have a lot of money, I think gold will be one of their goals. and I think we all think the same thing, to have large amounts of gold. it's just that now it's only limited to unfulfilled goals  :D

Well this is your thinking maybe some people like gold and maybe some people don’t like it, we should concentrate on the trend now a day we can see the trend is only bitcoin, gold has no such value as it has been since long it is 2019 where everything thing I getting digital even investment as well, so gold lost value as an investment people prefers digital investments.

Gold is a classic investment and there are still many investors who invest in gold because of its stable value, but bitcoin is a modern investment that will be even bigger in the future, and there will be many investors who will survive in bitcoin.

No one has really left Gold to start with. So, I just don’t see the concept of coming back. Anyone who has common sense will for sure know that Gold is a massive investment, and at no way this could be left alone. I do trading with FreshForex, where I do work on everything from Forex, Stocks, Cryptos and commodities. So there is no logic to go away from one thing.

in any case, the society will be guided by such priorities as action for the given time.  As long as cryptocurrency, securities and other virtual assets are worth, people will constantly invest in them.  But as soon as a problem appears, gold, which has a physical body, will be the most profitable investment item.

gold is always seen as a very valuable thing. in fact, gold has always been one of the images used to symbolize wealth. people will aim to collect gold, when they want to invest in it. however, I also target that.

I see that most users of cryptocurrency speak the same way, because I really understand the value and importance of gold in society as the cryptocurrency market is just beginning to develop, I would like to wish that the cryptocurrency aimed at the same level of demand in society as gold.

Gold is an arbitrary. It existed already before we born. Gold was used in exchanging commodities during those times. But part of the development is to adapt the changing needs of the world. People will adapt bitcoin but we will also take a look back in gold. Just like what I am saying, they have the same usage but different in characteristics.

Same with my own thoughts too.I think even if we have come up with bitcoin investment,we never leave behind our gold investments knowing that it is also profitable even in the time of our own ancestors.So it would still forever live even if we make lesser profits from it compared to bitcoin which is definitely huge.

all of us know, bitcoin investment give us more profits if compared with gold.but its risk bigger tahn gold, and we ever met it when bitcoin price from around $19k drop to lowest price on around $4k.but in gold with less profits , its price stable enough and most investors thiking this is safe heaven portofolio.

But I don’t think the same now, people has been investing money in gold because it was valuable in past but now it is not the same, we have better options now we have something more worthy than gold now, gold has become just a name for me now, otherwise in this well developed I think gradually everything is getting towards digital system and gold or silver is losing its value.

people who think about business development, will definitely look for gold, because gold is also a very valuable object today. utilizing all things related to profits is something that needs to be done. so, people will definitely look for gold to grow their business.

As number of people rapidly multiplying day by day, the resources are constantly decreasing especially non-renewable resources including gold. During ancient times, gold became a medium of exchange due to its enough supply but look today, just simply think why on earth people invented fiat, banking and even digital currencies? If today did not invented this medium of exchange how can we afford to buy our needs if gold is the only way to buy. It just simply answer that we impossibly can't come back to gold.

Interesting numbers from original OP but can you give some references to back them up, otherwise they are just made up numbers.

I would also add that it is not true that chinese are not investing in economies.
China did give out ton of loans in start of this year which is believed to be because of the stock market crash at the time ,they wanted to stop it and they did it at the time.

https://www.scmp.com/economy/china-economy/article/3005957/china-issues-record-new-loans-first-quarter-2019-beijing

Gold will always be king, because it has intrinsic value.

There is nothing as coming back to gold, already each and every user of cryptocurrency consider bitcoin as an added opportunity to make profiting as the market value is volatile. As the market is regulated as well have got years of history people give importance as an asset that can secure of funds under an market condition. This way gold gets priority even among the professional traders of bitcoin.

With the advent of cryptocurrency, one should hardly assume that the attitude of people to gold has changed dramatically. Few priorities have shifted investment of their funds, some of them began to invest in cryptocurrency. However, in general, gold. has not ceased to be a reliable repository of our savings. Therefore, far-sighted people never departed from gold and generally traditional means of storing their savings. You can earn in a cryptocurrency, but you should definitely keep your profits at least partially in traditional means, including gold.

Nothing has changed here. Still, peoply are sure if they have gold, they have confidence in their future. With cryptocurrencies, we have a chance to earn well, but we do not have this confidence. Crypto is too volatile.

maybe I don't fully agree with you, even though we must admit that gold can be a very good investment, but those who already know about crypto will definitely say that for long-term and short-term investments and can be very profitable it is definitely crypto compared to gold of course.

Exactly.Gold has existed already a hundred years ago and up to the present,people are still holding gold for investment.Bitcoin is just another way to make huge profits so for sure people are also seizing this opportunity to make them more profitable more than what gold can offer to them.They did not leave gold,they only add bitcoin as their source of profits.

not if we start interstellar mining. People do not realize that gold exists outside of just our planet

This is the reality with the market, gold with its years of history and varied usage around the globe gained importance as an investment. Further what we experience with bitcoin is entirely new from that of gold which is completely physical asset backed. As said people won't get back to gold, they have bitcoin added to the list of investment asset for profiting and gold will be kept as safety reserve.

as good investment portofolio, we should not leave gold.moreover in few days ago gold price rising.as safe heaven in finance market , gold price has good opportunity to keep rising in hit new all time high again,it have similarity with bitcoin.

How come many investor will come back to the gold investment where bitcoin always giving higher price just short period, will they want take less profit with gold or higher profit with bitcoin investment.

Still, people have very strong faith towards Gold compared to Bitcoin because only a few percentages of people entered into the crypto market. So Gold is a physical entity where people will invest more percentage into Gold compared to cryptocurrency.

until now, gold is still the target to be obtained. it's just that, because of the difficulty of producing gold, people shift their focus to other things like work, and other businesses. if there is an opportunity, of course people will refocus on looking for gold. for now, I think many people are still looking for that.

LOL, funny you op what makes you think that the shit posters are still not going to mess this one up, unless you're out to be moderating this topic all the time. As for Gold coming back, that is for sure. Interest for gold has been growing more and more as of recent. But if you don't mind, what do you mean by what you said - Iran and its crypto will be backed by Gold? If Iran has a cryptocurrency, then I know nothing about it. You mind explaining that? If they do have cryptocurrency of their own, what's the name of the crypto and for how long now has it been around and is it centralized?

until now the community was still focused on gold. because gold has a high enough value. but getting it is sometimes difficult, and it's not easy. same as bitcoin. of course to get bitcoin is also quite difficult. although it is equally difficult to obtain but gold is in great demand.

but if in my own opinion if the bitcoin like yesterday's price experienced a drastic decline in a long time it is likely that people will definitely return to gold because the level of gold risk with bitcoin is lower in gold which makes many people invest there

Currently it seems that Russia is buying and hoarding gold. Markets typically start buying gold when there is an imminent threat of destabilization. That being said different groups read signals differently. Nevertheless over a long enough period gold is incredibly stable and keeps its value. The purchasing power of gold seems to be very similar to what it was 1000 years ago. I find gold tokenization fascinating. The problem often comes in with the physical storage of the gold. Thats an added layer of trust or distrust unfortunately.

I don't think China and Russia are going to stop hoarding gold anytime soon.

No it is not true  gold does not have good value in the market, people are getting profit from investing in crypto currency but gold has very low safety and increasing capacity, when you invest in bitcoin it gives certainty about profit and give you promising safety, but gold has only name in jewelry department, gold is not profitable investment.

Gold doesn't have a good value? How that come? If people are getting profits with cryptocurrencies you don't mention all the people who lost everything. Strange. You don't mention the hacked exchanges and so on but you talk to say gold isn't safe :D.
Look like you still didn't understand Bitcoin, It doesn't give you the guarantee to make profits, It's just a fantasy in your head. Otherwise, everybody would have already invested in.

Some people have suggested that bitcoin or crypto currencies in general will take the place of gold as a means of holding and transferring wealth outside of the conventional banking system and fiat money. However, whilst the current volatility in crypto currencies may attract investors as traders, it is that volatility that will likely deter its use for the foreseeable future as a substitute for gold.

if there is a cycle in the world and everything ends with what began, then in any case gold will always have value.  but it’s very good that in the cryptocurrency market there are quite a lot of cryptocurrencies and different projects that offer different services and their possible uses.  If we compare Bitcoin with gold, because of their limited quantity, then we must first understand how to create a full-fledged infrastructure for its use, since gold is used only as a means for investment.

except its also used for jewellery, dental, electronics and industrial processes.

actually gold with bitcoin is quite different. although the price of gold is quite high, bitcoin can also increase. but if bitcoin is a digital coin and gold is an item that can be made for jewelry. so it's quite different from bitcoin. but for now bitcoin is still still in great demand by people, so of course it's very different. therefore everyone does not necessarily choose gold for investment or anything else.

if in my opinion it is likely later when the crypto currency is no longer crowded and abandoned by the devotees, the problem is that gold is one of the most popular and promising investments from the past until now. so it could be that the person returned to invest in gold

I'm locking the topic, I didn't want but you guys are just repeating what has been said 100 times already. You don't even know what you're talking about. Thanks Jesus, they are not all like this. Only a few posts are for a real discussion
Probably I will delete all the shit posts next week, so don't be surprised