Bitcoin Forum

Soon global stock market which is completely priced out of it's fundamentals with the free loan money printed by central banks, is going to crash and
dumb money running to precious metals  :)

Gold like other commodities will continue to drop. I see bitcoin more of a commodity then currency right now myself as very few businesses accept it. Both will continue to drop in the near future I think.

Silver and gold are real assets and wealth.  Might be in a 1000 year bubble. 

Gold is seen as safe haven specially being inflation and in chaos of some region. Ppl will rush to buy it. Gold is important resource of the industry, comparing with bitcoin which is just cryptocurrency and existing on Internet. And there is no other utility. The price of bitcoin is possible to drop to zero, but for gold it is impossible!

It was after the collapse of 2008 that Gold soared.  There are rumours that Russia is selling gold to prop up their economy, that wouldn't be good for the price.
If I was in charge, I would buy more gold and back the rouble with gold.  They can meet in the middle as the rouble collapses and they buy more gold!

I also agree GLD will rise. Normally I try to have about 5% of my investments in options regarding gold. I am now starting to take positions in physical gold and the ETF.

its easy for gold price rise up. because so many people say gold is good for invesment.

If gold will go to the moon (in terms of price), we will see Russia the next super-power country of the world ! Actually Russia is the richest gold country of the world :)

Gold price is dependent on dollor price nowadays gold price is volatile. Better to stick to bitcoin for investment purpose.

gold has zero potential unlike bitcoin

this year gold dump as bitcoin

it's just shortly gold pumping and after new year, price will dump again

Gold has uses its just it comes at high cost as we know mining is no simple thing and it takes about 10 years to setup a new operation in a new area.   Bitcoin costs in theory should make it much more appealing but its not right to say theres no use for the higher cost of gold. Its a very new thing that bitcoin could be reliable and available globally like the economy of gold demand provides

Actually gold does have a tangible value (you can squish a bug with it) while bitcoin has no inherent value (the solving of SHA256 hashes is specifically pointless). Given that we are in a near-deflationary economy (in the US and in Switzerland) it's not doing a whole lot.

And where does this put the alltechy BTC?

Exactly.

Gold has been considered the same haven and widely used ever since the beginning of civilization. Will this stature change even as our civilization getting more technologically advanced?? No i don't think so. As for bitcoin it will find its niche once more and more people recognize its existence but whether it can achieve the status similar to gold remains a question mark.

It has 6000 years of history though, I like both gold and bitcoin, but let's not forget which is more established!

Gold will forever be something desirable unless technology caters for actual creation of Gold out of nothing.

Bitcoin has the real potential to grow tho.

i feel more confident carrying my btc wallet than my gold pouch to the store to be able to purchase something.   especially online purchases  ;D

iam pretty sure Satoshi is a gold bug too  :D

Gold and Bitcoin will together go up.
Bitcoin is the new e-gold!!

yes now gold to the moon and after end of year back dumb again :)

Can you verify for yourself the total gold supply? 

Can you perform for yourself very quickly a perfect assay?

If not, you might want to consider trying public digital coins.

There is more between gold and bitcoin.

Canned goods!

For now i don't think gold prices will boost... As oil prices are also lowering.. After Feb 2015 there will boost of gold price... my estimation

Last time I checked gold markets a bubble burst that was building up for years
As it stands now it has potential for movement again but I would not be certain which one would have the faster potential for returns between BTC some altcoins and gold.

Gold is one of important Forex market players, and there are a lot of people, who work with gold/silver in Forex. Even there are some specific companies, which work with gold in Forex, buying and selling it  ;D

price will drop again for sure in January

Gold price will fall.
Gold will start raising soon after next crysis start.

Well i was very bullish for gold last 2 years, but now I'm thinking of selling some of the shiny.

Not because of the past drop, but for the drop which is yet to come.

Put the gold chart up side down and everything looks a lot different ;D

Made me think twice about my investment...

Lower oil prices means lower mining costs.

We all know what lower mining costs mean for the price of bitcoin,.. it goes down.

yes good investment is on gold

.

.

Unless gold can be created, the value will maintain. People just like rare stuff.

Gold is on a downtrend but if you look at the inflation-adjusted historical price of gold it doesn't really have that far to fall to revert to the mean:

http://www.inflationdata.com/inflation/images/charts/Gold/Gold_inflation_chart.htm

I dont think gold will be just as good in the future as it was before.

Sure it might rise in then next crisis, but just as people will see tha their government will want to confiscate it, then they will put less faith in it, and will use virtual currencies.

It doesnt matter how rare or shiny something is, if the government constantly steals it from you.

Bitcoin might not have an intrinsic value but its decentralized capacity makes it more valuable than the shininess of the gold that will be stealed by the state.

This p2p digital currency technology will render the gold obsolete in the future, perhaps not in the near one, but later on it will be, gold will lose a lot of value in long term (but only after the collapse will end, because in the collapse it might hit 5000$ or more though)

The long term bull market in gold is destined to continue, it is just a matter of how soon the next HUGE up-move begins.

Gold is going down long term, its use as a store of value is quickly becoming outdated. Bitcoin is slowly taking over the role of silver and gold because it's superior in every single way and more and more people will discover this. It just needs some time. Once Bitcoin becomes more user friendly and storing them in a secure way becomes easier gold and silver as a safe store of value will soon be history.

bitcoin isn't taking over this role though is it? Even if it does have some of the same characteristics, the market size is too small in comparison with gold to make any dent in the market.

Gold has history on it's side, along with very greedy central banks constantly printing money into oblivion.

Gold itself is considered a very small market and unable to bear global trade like dollar treasuries currently do.  The criticism that USA has too much debt on the flipside enables very large instant liquidity for almost any size party from companies to multi level governmental operations, that is why QE appears to be a sucess.   The truth of damage done both in debt and deficit spending but also liquidity that absence of qe receding creates will only become apparent when its too late, hence the phrase you can only see whose naked when the tide goes out.
  A natural swing (back) to other less biased, true dynamic entities such as gold is quite certain but also Bitcoin's regular schedule should compare well, it still has to prove long term use or demand like gold

That is a problem, but digital coins are a solution to that problem.  Legacy financial systems are hopelessly broken in comparison. 

Security is indeed the issue which will force us into coins, just as it will force us into open source softwares.   

That's the same what i`ve said, but i completely agree with you.

Yes it is 99% sure that in 3-5 years Gold will have less value as now. But i never thought of Gold on long term. It seems you are both right, price might decrease on only their material value. Maybe soon wil be popular Golden cars, since value of Gold will become same as aluminium.

Im buying some gold chains that i have lying around these days to get a couple hundred dollars from time to buy shit and Bitcoin, thats how much I trust in gold long term.

I mean sure gold beats any fiat, but the future is electronic and Bitcoin is the king on these terms.

It won't. The price of gold from 2000-2008 went up because inflation was going up. Even though it was "hidden" inflation, it could not hide from gold. That is why the price of gold really didn't change much with the whole "printing of money" party in 2008-2010, that paper money went to fill the hole that the M3 implosion created.

If they had not done TARP and all that crap, we would have had massive deflation, and the price of gold would have dropped to 300 or so an ounce.

It's an interesting thing to reflect on, the fact that the inflation all happened under Bush in 2000-2008, but it was masked by the financial shenanigans. News can lie, but gold can't :-)

Gold has been holding up over 1250$ for a long time and is up for the year, the cost of mining is going up and the world is in more need of gold everyday so the price is likely to grow

There is no doubt that gold is valuable and that it has a good intrinsic value.

But the gold will only rise in the next crisis, because the world around it will fall, the 1300 or whatever its price is, is just because the other currencies  are crap and get QE-d.

Its way more overvalued than it is by nature, sure it could reach 5000$ or whatever real economists say but then it will soon jumpback to 500-600 as it was before, any appreciation on gold is just a bubble.

As soon as real Austrian Economy will replace the Keynesian hell-hole, then the gold will hit a stable price, and wont really rise any more, but neither fall ,that will be its natural price .

What makes gold really valueable is so much people really love gold.
And also so much people believe that the prices of gold would always rise up so they're would always pump it.

because gold is real investment

did bitcoin pass gold once?

No but it was near it, atleast on EU exchanges

Gold will always be seen as a safe haven and being something physical, it will always be seen as a better store of value, even if none of the investors will ever touch the gold they invested in. {It's on paper and electronic reports, like shares}

They bargain on the fact that gold will be a scares commodity, but if someone comes up with a cheap way to extract gold from the ocean floor, the price will plummet....

...Until the government will confiscate the gold vault's and deposits , ETF's, gold certificates, etc. And probably issue a new law so that every single person on earth has to give in his gold which weights more than 250 grams (except maybe jewelry) to the nearest government controlled vault.

Yep, then the gold might suffer a little bit. And i`m talking about worldwide confiscation, not just your local government.

Who knows, maybe the IMF wants to confiscate it, to use it as a collateral for SDR's.

Gold is clearly technically inferior to bitcoin as a medium of exchange.  Relative price stability means it has arguably not yet been displaced from its historical role as a store of wealth.  But clearly it is not used as a unit of account in any but the most peculiar and  boutique circumstances.  That is because fiat is better at that role.  It will cease to be better when hyperinflation occurs.  The severity of the next hyperinflationary collapse of global reserves will be so intense that the peoples of the Earth will forever abjure fiat systems thereafter.

Until that day, gold is just a commodity, and trades as a commodity, often correlating very strongly with crude oil.  While the commodity complex is collapsing, expect Gold to decline.

One day soon, however, fiat will cease to be viable, and gold will be among the primary resorts in times of chaos and collapse.  The exponential compounding of debt upon rehypothecated debt, the exponential compounding of debt service, and the collapse of the energy supplies required to grow the material economy are bringing the inevitable day of reckoning ever further forward.

The best hope of the economic future is that a change in the means of production, transition to a robotic manufacturing base and a knowledge-based economy, will arrive just as the legacy systems of slavery are collapsing, and a more educated global population will refuse to be cannon-fodder in a war of global depopulation.

"GOLD PRICE HITS 3-MTH HIGH ON POSSIBLE DELAY TO US RATE RISE"
http://www.bulliondesk.com/gold-news/correction-bullion-morning-gold-price-hits-3-mth-high-88118/ (http://www.bulliondesk.com/gold-news/correction-bullion-morning-gold-price-hits-3-mth-high-88118/)

lol @ "possible" delay in rate rise. It's practically a certainty that rates will not go up.

Unfortunately gold's real world utility has been decreasing in the industrial world, which is where it derrives a great majority of its value.  It's value now really only hingest on jewelry and its 'traditional' use.  India is probably one of its biggest markets.  I don't really foresee any great sustained bullish sentiment for the foreseeable future, unless the feds announce something catastrophic (qe3 did not do much if anything to help the prices).

When the FED needs to do QE4 and it's clear they cannot raise rates or unwind their balance sheet without poping bubbles, gold should appreciate in price against the Dollar. It has been used for thousands of years and has excellent properties much needed in a lot of industries.

It is always a good idea to have gold on hand. Go to any modern country on  the planet and you can barter with gold. Institutions might not accept gold but individuals will always accept it.

I have a bit of gold and silver, but not that much.  Yes, I do agree it's great for a rainy day...but I'm not quite as bullish long term as many others may be.  Might be another few decades before we ever see them hit those record prices again, if ever.

It's seems the gold will not go to moon because of the strong dollar.

The Dollar will likely tank when the FED will need to create a lot more Dollars to sustain assets prices and a US economy based on unhealthy imbalances.

The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon.

EUR is tanking hard, look at the gold value in EUR.

The value increase in the last days is one of the biggest in the last 20 years (look on chart).

The dollar will never go below a thousand millies hundred millies five millies.

gold strong last 3 weeks and many investor look back to invesment in gold. i guess

Have no idea what's going on, charts tend to indicate overbought, but precious metals have been steadily going up and showing bullish signals.  A break and hold above $18 could be big for silver. 

Should I sell my gold now (/buy euros) or still wait until ECB easing starts?

Gold is the real investment

Because it has been established long long ago and people love it

https://www.youtube.com/watch?v=ndshbH3qZ6Y

Go gold go! Your the bitcoin of metals.  :D

I think there?s still more room to the upside for the yellow metal. I don't preach 100% in gold but consider holding some yellow metal, similar to an insurance policy, in your portfolio.

You are not joking are you when you said you are going to sell your gold for euro????

Could rise now or in 4-6 month I think.

Naturally! How many people do you here say, "what the hell is Gold"? All demographics understand how to invest in Gold.

True, but I heard it was a ponzi and is not backed by anything!  ;D

The dollar will probably not tank in our lifetimes.. or at least when we are all old as fuck. I dont think we can live with the notion "the dollar is going to tank soon".

you are simply simply crazy my friend , if gold ever goes to the moon , we'll just have crazy scientists ruining it by printing gold.

The current price is already too good. I don't think they have ever been able to print gold, because they would already profit a lot at the current price.

Not in the current economy.  Maybe if greed is allowed to rule markets but there is the capability for better oversight which will make economies more stable and gold less attractive.  It's more of an age where value is determined by what you can produce.  Gold sits there and doesn't produce anything.  It's expensive to mine and is better used in applications that don't include currency exchange.  Gold has been dead for decades but the world hasn't woken up to that reality yet.

bloomberg says americans buying lots of gold chains http://www.bloomberg.com/news/articles/2015-02-13/gold-is-back-at-least-for-valentine-s-day-romance-commodities (http://www.bloomberg.com/news/articles/2015-02-13/gold-is-back-at-least-for-valentine-s-day-romance-commodities)

Gold versus Bitcoin? It depends on why you need Bitcoin? To trade, transfer and pay for products naturally Bitcoin.

To invest, I would lean towards gold.

Could be.  Sometimes I worry the biggest gold holders will have an incentive to cut the power for a little while. 

To invest and make profits, you need to take a risk, and both bitcoin and gold are a good for investing, but while gold offers safer and lower returns, bitcoin
on the other hand offers not so safe, but possible very high returns. So in the end , its just a matter of taste what u like more. I choose bitcoin, and altho i realise the risk is great, i cant help myself thinking about all the possible gains i could get one day in return. Your money, your decision.