I was doing research on Gold price and saw the price chart for last 5 years. From 2021 to 2023, increase in price of gold was steady but in year 2024 and 2025 there is enormous increase in price of Gold. I have two questions in my mind:
Why gold price went so high in last two years?
Whenever any market goes extraordinary high, it takes correction. Is that true for gold also?
To the extent that your question about such shitcoin is even relevant in these here parts, I am not going to claim to be any kind of macro-expert, yet I would imagine that something in 2024 was causing more and more losses in confidence in various fiat systems (probably including the dollar and no real solutions out of the greatness of the debt problem), so perhaps after the momentum changes, then there can be some additional contagion that comes from the momentum.
I don't think it's a good approach to Gold a shitcoin or compare it will shitcoins. It's a precious metal for humans for centuries. Bitcoin has it's own importance but we can't ignore worth of other assets
In this thread we can categorize any attempts to pump some other asset as a shitcoin, especially since it is not on topic in the thread.
Gold does not necessarily have to come back down, even though surely gold is inferior to bitcoin in several ways, so the higher gold prices likely incentivizes further exploration of gold and building up around gold, so there could come some discoveries that gold is inferior to bitcoin in terms of how the additional explorations of gold end up playing out to show that gold continues to be inferior to bitcoin even though it is going through some revival.
Does gold plateau? or continue to go up? or correct? I don't claim to know, even though I have pretty good confidence that bitcoin is currently superior to gold and I also have pretty decent confidence that bitcoin will likely continue to be superior to gold into the future...so my tentative ideas of bitcoin as compared with gold helps to inform my own actions in regards to how I treat my bitcoin as compared with if I were to consider any allocation to gold... which is that I don't have any inclination to buy gold, and I don't have any gold to sell, even though I would not consider that I am prejudiced in any kind of meaningful way by my not having any gold to sell (neither physical nor paper).
Gold has already proved itself as valuable asset and that's why big powers are accumulating it as alternative to fiat. Bitcoin is no doubt a valuable asset and getting trust of people with every passing day.
Biodom very well
explained that for 20 years (from 1980 to 2000) gold prices were on decline. After 2000 Gold price is going up and for last two years there is unprecedented increase in gold price.
Yeah, but so what?
Do you want to argue about gold versus bitcoin and consider that kind of a discussion to be relevant within this thread?
Don't you have other places to take your excitement and likely distraction with that inferior crap?
The mere fact that bitcoin is in the ballpark of 1/15th the market cap of gold does not lock in bitcoin's relative value to gold in such a way, especially when many of us bitcoiner's recognize the comparative monetary values that likely put bitcoin in the ballpark of 1,000x or more better than gold.
Hopefully you have access to historical charts that show bitcoin relative to gold, and if you zoom out to any 4-year period or longer bitcoin has been outperforming gold, and sure bitcoin had disadvantages due to bitcoin being a new asset class.. so bitcoin has the unfairness of exponential adoption... which should reveal on longer term historical charts that bitcoin is absolutely eating gold's lunch and will likely continue to do so. In the last few you might have had been able to equal or exceed bitcoin's performance by owning gold, yet again? So what. Why would you want to own an inferior asset and to try to play its shorter-termed artificial pumps? Wouldn't it be better to allocate towards the better asset? Instead you seem to be distracted by short-term price performance dynamics.
Money qualities are not merely about which banks seem to currently be pumping gold as compared with bitcoin, yet they are disadvantaged by trying to use gold as a money since bitcoin is better in regards to its moneyness such as its: Verifiability, transportability, divisibleness, scarcity, low costs in regards to the involvement of 3rd parties and other physicality costs, and other money qualities.
Even if it might take 50-200 years or more for the fair market values to be reflected in the market, there still are likely advantages to those of us who are ready, willing and able to see bitcoin as better without getting distracted .. .and sure you can do what you like, which hopefully your gold pumping love-fest distraction can be taken to some other place.
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