Bitcoin Forum

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

I guess most of it depends on the demand and supply of things. Gold and bitcoin are completely two different things, and gold going down has a very little or nothing to do with bitcoin going up. You might consider reading this for some more info on gold prices : http://www.economist.com/blogs/economist-explains/2015/07/economist-explains-17 .
Though the trend for btc going up is because of other reasons, that include high demand due to FBI auction(people might expect btc to crash afterwards and so they are buying right now) and halvening that will create a low volume of bitcoin in the market.

Gold is the investment of last resorts. When the stock market and other markets (like Bitcoin) are doing better people are motivated to get on board, trying to ride and capitalize off the wave of appreciation.

I wouldn't dabble in gold to much. There's significantly less appreciation potential in gold than there is in other assets.

Decrease This is in line with the declining prices of some commodities world, so that inflation expectations are reduced market Gradually Also
so the market fears diminished and gave a negative stimulus to the gold price.


so the market fears diminished, and gave a negative stimulus to the gold price.

This. Supply and demand AND gold doesn't have any intellectual capital or revenue capability to support price appreciation. Investors are completely at the whim of the supply and demand equation. Gold is best when the sky is falling, the economy is disappearing, and we need to resort back to commodities for payment.

there is the possibility of many gold holders, to dump their stash and go with bitcoin, when the price increase, it's always like that everyone want to ride the current wave

it work the same evne between altcoin

Gold is always having periods of long and steady growth followed by the periods of steady falling. Take a look at some bigger chart and you will see a pattern. These cycles are about 2-3 years long.

Nothing to be worried about here. Gold is still an option number one for people to store their wealth. It has survived 5,000 years and it will probably survive another 5,000.

Investment wise and ROI wise, Bitcoin is a better investment at the moment in my opinion but also much riskier.

I would disagree, people buy gold for safety and I wouldnt class bitcoin as a safe, stable investment.

Its more like a penny stock, high volatility with the potential to make or loose a lot.

i would say after this falling price of gold, the price will be normally and going up again , gold is the most trusted and safest way to save money
people around the world finding for gold , but not for bitcoin (wait untill bitcoin goin popular ), and for now i'll definitely say that bitcoin is still safe for investing after this falling price

gold is only much less risky, not actually safe, no investments is safe, i'm only looking at the best risk:reward ratio, and right now bitcoin is holding the throne in this

Currently, Bitcoin is also not leading it, as it also ain't anymore in rewarding state...
And when it comes to Gold, it is becoming least of an attraction relative to income-generating assets...

There may be some of them but not many. There are probably 100x more gold investors than those who invest in Bitcoin. So, yes, some may shift but most will stick where they were(Eg. Indians).

Gold is just one of the many factors of the Bitcoin market. The fluctuation in gold price does not alone affect the value of your Bitcoin. The main factor is probably the buying and selling factors that affect the market value. Don't need to worry about the price of gold. Just hold tight till the halving comes as the value of your Bitcoin will be driven up.

Gold price is going down, when there are not so many gold buyers in a world market  ;D

There is no correlation between the two that's why when one goes down it doesn't effect the other.
But in this case gold keeps going down significantly and bitcoin is holding steady for the moment.
Wait until tomorrow to see what bitcoin price does.

Maybe gold price keep down for now, but in the long term, gold is quite good for investment. At least gold will surpass the fluctuation money on my country.

Right now there is no correlation between the two, but it can change in the future if Bitcoin attracts the institutional investors and the HNWIs. Take the case of gold. Gold prices go up, when that of the equities go down. That is because gold is being viewed as a safe asset with low volatility (at least when compared to the equities).

Yet gold practically in tandem with equities, up until 2010/11 and QE to infinity, from which point the equities have since soared, and gold has crashed to miserable depths.

Financial establishment policy for the time being, is keep equities high, gold and other commodities low and I wouldn't like to take a bet against them. Betting against them is betting that they fuck up, which I suppose could happen. Gold and commodites either go up when financial establishment change their policy, or when/if they lose control.

I find that is very hard to find "why gold price going down or up". There is many factor`s that can determin price of gold. Lower demand, low global inflation, strengthening dollar... for me most interesting is "manipulation". This is nice article with very nice explination about the six major fundamental factors that determine gold and silver prices :

http://snbchf.com/gold/gold-and-silver-prices/ (http://snbchf.com/gold/gold-and-silver-prices/)
To understand gold market you need to read a lot. Search for news about everything that can have impact on price. China, U.S., Russia, Europe and other state`s have big influence on market. There is also big player`s that play that game pumping and dumping before we even born. What ever it may be the reasons of this price going down I think it gold will regain its position.

Gold has very limited uses (computers, jewelry, etc), but combining the demand for all these uses prices gold at only a fraction of what it is today.
People are realizing more that you can buy much more useful assets that can actually give you something in exchange for parking your money, such as a Tbill, farm land, art, etc...

with negative trends like this, and gold prices continue to down,
whether it can be used as a long-term investment?
Most people think its can not, so the price goes down

Slowly but surely, gold is being used less and less. Diamonds are a good investment, as they are mainly used in industry, and the supply is getting lower now and then. But in my opinion, bitcoin is still the best investment. I'd choose it over diamonds/gold any day.

Yes, let the gold price go down so that people forget we have printed alot of paper money then we can print some more, and the cycle repeat, easy money.

Gold prices currently going down because of two main reasons. First thing USD becoming more stronger and when ever USD appreciates then gold will fall down. Another main reason is demand has gone down for gold from the worlds most consumable countries like India and Chain. All these factors are temporary once growth picks up then surely gold prices will go up but in short term gold may come down some more.

1. Yes. It is true that the value of the USD has gone up. This has resulted in the devaluation of other currencies and commodities. But the trend should reverse itself in 2-3 years time.

2. I am not seeing any long-term decline in the demand from India and China. The Chinese demand is stable, while that from India is down slightly due to the government introducing new taxes on gold import.

China I'm really not sure how long the demand will be down but the Indian government has introduced few new schemes for people put their gold in banks and banks are giving them some interest for gold deposits. They have a plans to reduce import of gold for long term if they can tap this tons of gold are holding by Indian common people so we need to wait and see how this new scheme will impact on gold prices

I don't know how this is going to work. Most of the gold circulating within India is in the form of jewelry. How the government will collect and store this gold? And how they are going to pay interest over these deposits? Unlike the fiat cash, the gold can't be loaned out to someone. So the government will not be able to collect any additional revenue. So from where the profit will come, to pay the interest?

The price of gold is not going down. It looks like its going down but it actually is rising on the long run. Bitcoin is much like gold, and if it survives, it will certainly rise in the long run!

I think your wrong, prices of gold is going down as of now because USD is going up so whenever USD moves up gold will surely come down. Also US thinking to raise interest rate next month so investors betting on USD so it is going up now. But for long term gold will surly go up.

I managed to find this comment about current gold price downfall:

The gold price tumbled on Friday, conforming to type in the face of a surge in expectations of an increase in interest rates by the Federal Reserve.

Boris Mikanikrezai, an analyst at FastMarkets, said: "We believe that the sharp weakening in gold prices was the result of growing Fed tightening expectations. While we remain bearish toward the metal in the near term, we do not rule out short-term brief rallies, triggered by disappointing US data releases."

As always it seems like government is to blame for this.

i think,it depending volume of gold in the world

IMO the price of gold correlates inversely with the state of economy in general and therefore it rises in times of an economic crisis and drops when everything is stabilized.

Most people believe that buying gold is a good investment, what they are overlooking is that almost everyone thinks this way, which creates high demand and the price of gold rises to the point when buying it is not a good investment at all. This was the case in 2011, for example, when the price of gold was over $1,800/oz.

Because of politics, market forces and pure fear out there, I'm skeptical gold could drop much further. Even if we have another general market crash a la '08, I'm doubting it'd drop much from here (less than 20% probably--perhaps even none or increase).

Silver on the other hand I believe could drop further with a market crash.

But at the end of the day....who knows?

Sometimes the dollar is strong, and obviously gold goes down. In the long term I believe though gold will always outperform the fiat scam.

Yes, in the long-term, gold is expected to win.
Everybody expects gold to be a hedge against inflation, because fiat is expected to be devalued as the printing presses keep rolling on.

I had read one news about a massive gold reserve has been found in china a few days ago. I think this can be one of the many reason for its price to go down.

it also depend on other asset, many see the increase in something else and dump their gold or silver or whatever, it's like when bitcoin increase and the other dump altcoin to buy in

Its a bad news for gold market. Actually American economy bringing prospects of higher interest rates. If the world economy does indeed collapse completely, lead may be more useful than gold. and now public confidence in fiat money now metal.

Why i am seeing everywhere bad news, lots of price drops on different (crypto)currencies, maybe the end of the year and people are focusing on real life offers for new year sales.

gold always win? i dont think so, you know this year price gold decrease 30% an potential decrease more. i think bitcoin is still won as a good investment

Good Investment? yeah, if you were the first to buy btc like $1-5 then its a good investment

Are you sure what your talking? Bitcoin prices came down couple of years ago from 1000+ to until 200 level. Can you think of the situation of people who has brought these btc at that high price? Since last few weeks btc prices went up that doesn't mean that btc is good but one should think long term perspective. Gold has a solid reason to go down because of USD appreciation but surely gold will again go up once all those economy issues resolved. But btc price movement no reasons just traders are controlling the prices.

Yes currently gold prices are going down because USD is going up and next month USA thinking to increase interest rate so currently gold prices are going down.

it was the same for gold back then, it was at 19xx? what about those people that bought gold at that price and now they have the shitty 1xxx value? lost 50%

Could you please tell us in which year gold prices was 19xx? As for as I know the gold prices in 2012 was around 1500+ and now 1100 range due to USD appreciation and once the economy issue and USD price settle down then gold prices again will start going up. But BTC prices no one knows why it is moving up or down, do you know? So some what I'm convinced with futurebit640 explanation and I vote for gold higher than bitcoin for long term investments.

all time chart

https://i.imgur.com/Qel07P7.png

it was above 2k

unfortunately, until now I do not know what makes the price of gold up and down

In simple words Gold prices will go up when share market and global economy is down. Because it's a safe heaven during economical crisis

Where did you get that conclusion? Because gold is going up, not down. It's more than %20 up in last 365 days.
If you are short-term trader in gold, I'm afraid to say but you'll watch melting your initial investment.

Gold was under pressure because of intervention of the big banks and central banks.

But it will recover for sure once the demand increases...
Here at my place, I see it increasing everytime we have some festival, and especially we see an increase in price of Gold during New Year...
Gold ain't a bad investment, but not better than Bitcoins though... ;)

For something like Gold to keep raising in value, there has to be demand

And if there's demand it needs to be mined by gold miners

It takes a lot of work and effort to mine for gold, it's not as easy as it is in Minecraft

Gold again fall today.



Because of bitcoin? Whats happening guys?

I think that the end of the year makes people to spend more than ever at the year.
Many holidays are in the end of the year and people may not be interested much in bitcoin.
And if the interest of people decreases then the price will basically stay or drop a bit.

Not because of bitcoin. It is because of USD appreciating by thinking FED will increase interest rates next month. Until that it will go down.

The number tell story

Yes that is very correct there is no link between bitcoin prices and gold prices. These two are completely different segments. Bitcoins prices depends only on demand and supply of btc but gold prices are linked to countries economy. As of now USD is appreciating almost every day so gold prices are going down.

Because it is very speculative and is used by investors to dump short term money waiting for a turbulent market to calm down. When the market calms down, investors sell off gold to purchase stocks driving gold down. If the market stays calm for the long term, it is likely to drive gold further down as more investors pull money out.

some reason it that gold has breached key support levels as the dollar gained after Federal Reserve Chair Janet Yellen told Congress last week that the Fed is on course to raise interest rates if the US economy expands as expected.
A rise in US interest rates will attract investors to the dollar for higher returns, driving up its value.

I think still gold price will go down further until next month end for sure. After FED decision then it may or may not go up.

Bitcoin has nothing to do with gold price directly. But the common thing in both Bitcoin and Gold is that their prices are dependant of demand and supply, Maybe people who are looking for long term investments are preferring bitcoin than gold. Gold demand is going down so the price is.

Gold started skyrocketing during the 2008 financial crash: when toilet paper (i.e. fiat money, derivatives, lousy hedge funds...) became too dirt gold was remembered as the perfect investment. Then everything went back to normal since people are greed and the want money in one way or another.

If there will be something similar to 2008 crash, or war or else keep your gold in secrecy. That'll go to the moon.

I agree with this, gold was very precious in past times, but more recently other metals have acquired much more importance and gold price is no more as stable as before. I wouldn't buy gold for my savings.

Ive read a couple times that its assumed certain that the Federal reserve will now raise rates in December.     I doubt this and I think only a small raise would occur that still lags inflation.   However perception favours a stronger dollar and a weaker gold price though if dollar rises in value so then does the priced value of gold

It's because of the supply and demand.
That's is the main reason why the price is fall down.

Supply and demand is very general answer for the bitgold prices going down. USD prices are appreciating so gold prices are going down.

price of gold has been higher because of the value it has been holding over the years. Something so precious is usually costly and that has been the gold. However, the invention of bitcoin I can say has resulted to the price of gold decreasing drastically. The value of one bitcoin in dollars compared to gold can help you picture this. Personally I can say that people have discovered that there are other valuable that are better of than the gold. They are therefore investing in the alternatives to gold.

Still not understand it  ???

I believe there is no direct relationship between the bitcoin and the Gold so there is no way that one is influencing the other. The Gold price is just decreasing because people no longer believes in it. It is becoming difficult to find pure gold and if you do, then you are always insecure,. who want to be insecure? also people are disposing them believing it is outdated form of storing wealth and storing wealth in investments such as real estate and other schemes.

Why is it difficult to find gold, I can go online right now and buy as much as I want from several well known and trusted bullion dealers.

Why does gold make you insecure?  Holding wealth with zero third party risk makes you more secure.


Tell that to Russia and China, they are accumulating gold at a massive rate.

There is a relationship between bitcoins and gold, and the reason is more people are switching to bitcoins only because it has very high price fluctuations as compared to gold, and people today wants a quick money and gold cannot give them quick money in trading and that is the reason people are trading more with bitcoins.

Supply and demand is the generic reason for the price of anything.
What you should look for is the underlying reason - why is demand increasing/decreasing?
In gold's case, demand was high previously due to economic uncertainty and as people sought a safe haven. With relative economic stability, demand has normalized and hence decreased from previous highs.

Exactly true, when chinese was unstable more people invested in bitcoin from china, they actually don't want to lose their buying power by holding on to FIAT currency.

Gold is an investment that you only invest in if you have nothing else to invest in. The global market is doing decently, therefore there is really no need for gold.

Gold has no actual industrial use, unlike copper and iron.

What I am getting from this, is that you think Bitcoin and gold are related? If the price of Bitcoin goes up, that doesn't mean that the price of gold is also going to go up. They are different things and they rely on the demand for that product to find out the price. If the demand is higher, the price of the product will also be higher, right?

Wow again look like gold go down  :-X

Are you sure gold don't have actualy industrial usage? Go home to strip out any of the electronics PCB boards then you will come to know. In PCB manufacturing they use gold.

Gold is widely used in electronic goods. You can extract lots of gold from the print circuit boards if you have the right tools. It is a big business.

Yes that's true. Only in olden days people use to buy gold for arrangements and store if for future price appreciations. But in this new electronics generation most of the gold produced is going into manufacturing field and that's why now a days industrial gold consumption has become more. All electrical printed circute boards need gold plated and many people buy these unused printed circute boards back to extract gold from these boards.

IMO that's because during the previous financial crisis it's price went up excessively as it was a safe money storing option, now that the world almost completely recovered financially people who stored allot of funds in it are liquitizing it making the price decrease, IMO it's because the price grown more than it should.
And regarding bitcoins price then I don't know  :D BTC is almost completely unpredictable in this category.

Gold prices fall based on two things; economists learn both of these in Economics 101.

The first is that low demand puts downward pressure on prices. And secondly, oversupply in a market also forces prices down. That applies to gold, as it would in any other market or industry.
read more here http://www.dailyreckoning.com.au/the-real-reason-gold-prices-are-falling-cw/2015/07/30/

I don't think that gold was ever overvalued. On the other hand IMO, it is extremely under-valued right now. With more and more central banks (especially the Chinese and the Russian ones) dumping their United States treasury bonds and buying up all the gold bullion bars, the gold exchange rates should have gone up considerably.

After five straight years of exponential growth, Bitcoin should have earned the benefit of the doubt by now. After one year on the market, it's value went from fractions of a penny to $0.05 USD, which is borderline infinite ROI. The next year, it rose to $0.30, only a 500% increase in value. Good luck getting that anywhere else. 2011 saw BTC rise to over $6 USD, which was just scary growth. The next year, it only doubled in value, a real "off year". 2013 was a rebound year, and it finishes up at almost $800! Mind you this was mostly because of the Mt. Gox Bot Buying Bubble, and the Chinese market having free reign at an initially unrestricted BTC market.

honestly, until now I did not know what to make bitcoin prices down.
if there is a theory that a patent?i want to know about it, so i can predict what will happen  ;D

The gold price is manipuplated by certain big banks. They can make a lot of profit out of it.

I think there is some sort of correlations with oil price

Keeping oil price below 30$ per barrel holds gold below 1100$ per troy once

I guess because of the amount, or the absence of a buyer or investors who want to re-invest their money in gold, so gold price scaled to increase interest to investors

Most of all of this depends on demand and supply.

Having low demand decreases the value of gold.

A high gold price indicates panic and a lack of confidence in the markets.

The powers that be dont want that after all that QE money they pumped in artificially propping up the prices.

Result - keep dumping massive amounts of paper gold at strategic times to suppress the price as required.

The game cant go on forever and when it does fall over gold will go parabolic overnight.

That is true - China is in big trouble, so they do not buy gold in usual amounts

As far as I can tell, reading and thinking will tell you what the gold price ought to be.  The rich people have had thousands of years of practice at getting the market price to zigzag on 100 year timescales around that and spreading lies to catch out rival factions who tried to zag while the other lot had agreed at Davos to zig instead.  Or was that zag?  Well anyway, a ticket to the zigzagger master planning meeting costs so much that anyone who buys a ticket has to give all their gold to the rich people. 

Likewise, oil ought to be getting a CO2e international climate change damages insurance premium putting its price and profit to way off what happens at present.  We won't see a sensible gold price while the rich people are getting encouraged to sell oil at such a low price.

Bitcoin was put forward as a possible solution to the problem of the rich people holding all the gold in the world, selling it at a high price, buying it back cheap a decade or two later, and repeating that since ancient times.

Jeff Gundlach, CEO of DoubleLine Capital, predicts a 30% rise in the price of gold this year. I think that's a conservative prediction given the market instability we've already seen just a couple of weeks into 2016.

But dont a few people hold the majority of bitcoin and have been caught several times manipulating bitcoin prices through exchanges e.g when the price hit the all time high it was down to a bot playing the market.

When the QE is stopped, there will be less fiat money flying around, so the gold price will not rise.

Why do you think that this is not yet another manipulation with price of gold?
Gold is here and it is hard to imagine future where gold is useless jewelry only!?
 ::)

Probably the big ones who own these golds sold it to go for btc or altcoins as they see that the profit could be bigger in the future.

I don't believe gold is sold to to buy BTCs.
This is some kind of manipulation on exchanges! Don't sell your gold and silver!

The artificially propped up prices of the markets through QE will fall causing a rush to safety i.e gold,

Gold has climbed a fair bit this year already.

There are 4 reasons:
-there was bullmarket from 2001-2010 what lifted the price from 250 to 1900 (a huge gain!)
-the crash was not there, the Fiat money market is still existing
-inflation went down instead of going up
-production costs are shrinking because of low energy prices (getting gold out of the earth costs a lot of energy)

This is very good conclusion!
But can we expect after a crash of Us dollar, gold as new trade standard in tradings?

Gold is still as solid as ever, nothing can compete against it's network effect, but in the next 10 years Bitcoin will be mainstream because cash will not exist and people will look for alternatives. Gold just doesn't cut it as cash, so Bitcoin is the next alternative. This means a lot of money being put on the ecosystem = everyone holding BTC now is 100% rich in 10 years.

I guess it's because the demand is less, maybe more people who invest their money in other forms such as bitcoin or other coins, so as to make the gold price to go down

This is crisis and effects, people investing when they have money.
Now everyone thinks twice when comes to spend money. :)

The US Federal Reserve plans to raise interest rates this year on the back of an improving American economy, and that is taking the shine off gold.
Why? Because gold is a store of wealth for investors, but generates no returns from regular interest payments or dividend income. Investors have been happy to park their money in gold over the past six years while returns from other 'safe haven' assets have remained low and the economic backdrop has remained volatile. But, with borrowing costs set to rise, commodities, such as gold, are losing favor with investors, as higher returns can start to be generated elsewhere.

gold owners is selling their gold investments and then is buying bitcoin...

I don't see why Gold is underpriced?
Gold is very underpriced!

http://goldprice.org/
Gold will always be a secure way of storing value!
I'm expecting very strong rise in future.

Gold price is going down, one of the reason for it is the political campaigns going on in US. Recently the supply is found surplus even though the demand is going the same. This causes the price to go down. Now a days people believe gold as a commodity to keep money safe which won't benefit them, so started investing other alternatives like bitcoins, properties,etc

Gold is gold and always will be on value 8)

there are a lot of factors that can have a direct influence over the price of gold. we need to consider several implications that influence the price of gold and even bitcoin can have an impact over its price.

gold price going down becouse dollar is going up,dollar down gold price up
Remember it  has nothing with real gold,it is virtual gold traded

There is only 1 factor that influences the gold which is the USA , they controls most of the gold in this world so they controls the price as well. The average price of the gold was mostly stable enough in the long term since the USA will not want their gold stocks to be dropping in value or price

I would disagree, people buy gold for safety and I wouldnt class bitcoin as a safe, stable investment. Itz more like a penny stock, high volatility with the potential to make or loose a lot.

Because it has been in a goldbug created bubble for years?
When gold falls under platinum or platinum rises above gold: the price is more realistic.
P.S.
I love gold, but per scarcity, use and my former favorite form of jewelry =Platinum :-)  

I don't think bitcoin and gold are influenced by each other. At least not yet. Bitcoin at the moment is not that popular. I believe it will be inthe future but at the moment it's still in its infancy.

in my opinion i think that the gold is still in a speculative bubble started some years ago when the price went to the moon

Currently gold is not in any fall I guess. But US market and dollars rate is in good value. Because they are enough of oil from Iran.
So this is the reason for Dollars high pump.
Gold is not going down, only bitcoin is going down at present situation

yeah, I think many people are not accepting gold because gold is only for showoff. It's from not so many benefit if we are buying gold and investing there are no profit. we bought gold and after that sell they are giving less money.

Mike Maloney did a video on this exact subject just recently.

https://www.youtube.com/watch?v=7rrLNCRkkas

Is the price of gold really falling? I did not know that this could happen. I thought that gold could only go up in price because the gold on earth is slowly becoming less and less.

During the 2011-2015 period, there was a 30% to 40% decline in the price of gold (versus the United States Dollar). Your argument is 100% correct. Gold price should actually go up, as the recoverable deposits are fast getting exhausted. But then why did the price went down? One of the reasons is that the USD has risen against the other currencies, such as the EUR, UKP, and the AUD by as much as 30%. So in terms of Euro or Pound, the gold price has been stable. But there was a decline in terms of USD.

Yeah I too thought that the gold rate is increasing day by day as many people in my country invest in gold. Also I don't know how far it is true that gold rate has gone down.

Dollar up gold down but just a little.It is very easy to keep gold price on low level and buy at low price
Wise investors are moving out from stocks entering in gold
In fact gold price and btc is stable,if you look markets it is up and down

Wise investors cash out stocks and cash out Gold to invest in Bitcoin. Why being happy with 10% profit from stocks and Gold while you can get around 30-50% profit per year with Bitcoin.

I would definitely go for Bitcoin because there is a lot more profit to be made within a reasonable amount of time.

That is right. The price growth on average for the bitcoin is more than 100% a year in the past. But big investors will not invest it as it is too volatile.

Among investors, gold is considered as a safe haven against inflation. Because of the current euro zone inflation risks are practically not observed, and the reasons to opt for the yellow metal is not available, and consequently the price of gold fall.

I also heard that China's economy is growing more slowly than expected. They require less and less minerals (including gold), due to the use of palladium. It is possible that the Central Bank of the country will be forced to sell part of its gold reserves.

The price of gold is going down because gold was overpriced a lot and more and more people start to realize that. Bitcoin on the other hand was underestimated by many and now we can see that the price of it is going up slowly but steadily.

P.S. I was nicely surprized today seeing 474,8 )

The gold price is not going down and you can see that it was stable for a long time so that is really nice.
But it is indeed hard to know what will happen with the price but we just have to wait and see.

The gold price is going down because you can see that gold is also reducing in using and that is bad for the currency and that is because Bitcoin is getting more popular.
And you see also that there are now more people that is going to use Bitcoin because they see that it will have brighter future.

Gold is being used more then a decade ago.   The main buyer of gold is central banks, who have held dollars as a reserve in the majority and found them stuck in USA foreign policy to an unsafe degree.    This effect is increasing if anything because of the QE applied by USA in their fiscal strategy.

I wouldnt have anything to do with gold if it was about speculating if the world consumers like gold watches this year or not or perhaps a new trend is coming and 'people dont need gold'
Obviously gold is in theory fairly unused, a commodity we can skip altogether but that ignores the biggest dynamics in modern finance


Gold price is not changing.  The dollar price is changing relative to Yen, relative to Oil and many things globaly.  The dollars are teetering between vast production from its own Federal reserve and the global reserve currency system of which Dollar is by far the largest part though USA by itself constitutes a small part of trade now its exporting far less then when the FED was setup or even when Nixon altered dollars to diverge from gold.

Consider which is the biggest change in the price now, has gold changed or has the political backdrop to US Dollar worth changed.  Its clear the inert gold is not overpriced or underpriced, its change is tiny compared to modern currency values

Buy now - then close to October when price will be maximum for the year sell

To know the demand of people for Gold its going to vanish, People are thinking more and more profitable business to make their money double without any problem, This is because Bitcoin stand in one valuable place.

I do not understand about the movement of gold. but I believe gold will remain strong for the movement of the commodity economy. I believe gold has its price groove. Gold will remain the best place to invest.

\


great think I think about gold price going down  because compare to wold marketing may be and according to other currency is increase so now more people are not using gold his broken a trust .

Don't really know nothing about this, i though that gold price is stable and i also can't find any reasons of this happenning. Maybe you are wrong or something else?

The gold price was stable for a long time and it is going down a bit because the value of the Bitcoin is also now rising slowly and that is really nice for the Bitcoin.
But the bad thing is that nobody will know what will happen and that is the problem of the Bitcoin, but I think it will be more popular also in the future as a payment method.

My point of view  is that people who normally invest in gold when they are worried about the economy are now seeing the stock market way down. They are selling off their gold to invest in stocks which are very cheap right now.

The reason gold fluctuates is because it is not being used as money. If it were, its value would remain constant.

Over the long haul, gold retains its value, that's why people want to buy it when they get worried. Gold is real money. And gold is worthless when no one wnats to use it.

Maybe the price of.gold is going down at the moment but this prety normal thing like ups and downs with Bitcoin price. It depends on the situation on the markets and stocks, current demand and the whole economy situation. But still gold will always have the value and the long term is a good investment.

Maybe the value of gold is going down but just a little... comparing with bitcoin at $450 and just for several hours can falling into $$400... it's always be a correct answer because gold is very limit and different with bitcoin or cryptocurrency.
https://www.bullionvault.com/gold-price-chart.do

The gold is there are different types of low quality and so high quality. The gold market if suply is small the gold price is increase but if the suply is plenty now the gold price is going down.
The bitcoin has nothing to do with the gold because they differ bitcoin is up and down the price increases if the price of bitcoin due to traders and miners . So if the price increases of bitcoin will not affect the gold even the price of bitcoin drop.

Both gold and bitcoin are storage of value. But the bitcoin will rise fast as it is under constant development.

I believe that the fall in gold prices is a temporary phenomenon. The vibrations that typically occur. A bitcoints more dynamic and more visible growth

The law of demand and supply says that ‘when demand increases the price also increases and when the demand falls, price decreases’ so there must be low demand for gold and since the price of gold is going down, it indicates that demand for gold is diminishing. We can safely assume that people are preferring other investment options for their investments which is a good sign for us because bitcoin is one of the next generation alternative investment.

i do not think that gold price going , gold price is very stable and gold increasing its price too much slow but sometime i think that gold is much more safer and i think that gold is not risky .

Me too I don't believe that there is going to be a time that gold is going to price down. Because whatever is going to be the economic status of a country.

Gold will remain to the top of the most precious stone in the world with high value, even there is going to have an inflation still their value remains.

And not just remains but as long as there is gold and they are going to increase its value as the time goes by.

Because people don't need gold anymore it almost done and mosto f people are in demand of bitcoin and then bitcoin price is increase because of the power of USD dollar where you will see the increasing of bitcoin range of 611 dollars and up.

I think the power of the US dollar has negative effect on the bitcoin price. There are inversely related.

Or maybe this is not a good time for gold and i think they are saving more money to buy gold on december to gift for their love ones.
Honestly we can not know why but it just my opinion..

perhaps the gold investor's has switched to Bitcoin because after the price of gold began to fall in other sides the price of bitcoin rising.

And it seems to me that this is due to the general economic decline in many countries. People began to invest in something else. Demand fell, the price is also

i do not think that gold price going to down and we can say that gold price is too much stable and too much slow increasing its price and other side bitcoin increasing its price too much faster and its price depend on adoption .

If FED raises the rates, gold will go down a lot more. When it reaches 1000-1100$ buy gold with everything you have. You can't lose with this trade. You will be rich in 5 years at most. FIAT money soon will be no more.

If they don't raise rates, Gold will see 1400$ in a flash. You should buy gold from this price too. But don't go all in. Maybe %10.

The price of gold has been quite stable the last time. Especially after brexit the price take a good increase.
Which is logic offcourse since gold has been the favorite stable investment for traders in centuries and yes it probably will stay that way for centuries to come.

probably becuse the gold and silver markets are being manipulated by those with everything to lose, another reason why bitcoin is great.

I think the gold price is not down. the average gold price did not go down or stabilized. that was down the gold price will creep up again, although the price of gold rose. the increase was not significant

I agree that gold is starting to recover its price now, it was in an uptrend previous week ago though it wasnt significant despite of the increase in price several press predicts that gold will go down but gold held it grounds.  And many are still predicting that gold will rise in value in the next weeks.

I have seen predictions by market experts, claiming that the gold price will reach $5,000 per oz. by 2020. They have given solid reasons to support their claim. Therefore, I believe that the current price decline is a temporary phenomenon.

It is not possilble for the bitcoin to reach $5000 by by 2020. The inflation will not be that in the time frame.