Commodities Gold/ Silver

[cryptomaster007]

We all know that Cryptocurrency will be big in 3 to 5 years time. However do you believe that gold and/ or silver are alternative investments as well?

Discuss

[strideynet]

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency

[Wete]

Yes, I believe that. Gold or silver investment can also be a long-term alternative, of course everyone knows the gold price is always rising and stable. Gold will be a good choice besides investing in bitcoin / other digital currencies.

[virendarnagpal]

In my country Gold Bonds were issued few years back.  The bond selling price was the same as the market value of Gold at that time.  The bonds were for the period of eight years and assured return on the face value of bonds @3% per annum is being given half yearly.
I too bought few and am getting interest on frequent intervals.  
At the time of maturity the refund will be the market value of gold at that time.  So double benefit first interest second appreciation in value and one more free of cost security of funds.

I just meant to say that gold is good investment but if scheme like this is available ; it is definitely better.
Our past experience is that value of gold appreciated continuously.  so i think that the trend will continue.  I have already earned a lot with this investment.  I find it risk free; more paying.

[Thirdspace]

gold/silver will always have its place in an investment portfolio
they are tangible assets that always rise in value just like property
if you have a lot of money to invest, it would be foolish not to diversify your portfolio with gold/silver
it's very recommended to have balanced portfolio of tangible/non-tangible asset, low/high risk and etc

[Fies7aa]

If you buy silver, buy it in bulk. Since silver needs more energy to smelt it into bars. Its better to buy 8KG than 16x500g

[fauzan Ichsan]

gold/silver will always have its place in an investment portfolio
they are tangible assets that always rise in value just like property
if you have a lot of money to invest, it would be foolish not to diversify your portfolio with gold/silver
it's very recommended to have balanced portfolio of tangible/non-tangible asset, low/high risk and etc

i liken gold to investment in balancing our soul. With its safe nature, as you mentioned, we will be more calm when investing in the world of crypto, or can we get hedge funds from crypto for gold investment

[Herucooles]

From the time of ancestors many people invested gold because every year prices were always stable and tended to increase, so when resold, holders of gold investments tend to get higher returns.

[serizawa]

of course if we invest in gold or silver in the next 10 years it is profitable but not as much profit as investing money in crypto can multiply because crypto is still unknown to many investors, new investors will buy crypto that causes prices to rise high

[asayoyaasa]

Right now I just trade gold in meta trade, I can get some little profit on it. Commodities investment is a safe investment so far, its safe heaven if we're on economies crisis. At least commodities investor can calm then they're invest on crypto.

[jseverson]

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency

Well if we're being honest, it still is now. Crypto's explosion has been massive and have proven plenty of critics wrong, but it's still way too early to believe that it has beaten other traditional investments reliability-wise. Scalability should be achieved, at the very least, before we even start comparing the two.

In any case, they're not competitors anyway. You don't have to choose one or the other, and it would be foolish to do so.

[Bitcotalk]

I have selected gold but I think both probably will, I just reacted too quickly and clicked on gold, wanted to click on both in reality. I think commodities always go up in price no matter what because there is no gold standard anymore which means there is still a very limited amount of gold in the world (probably gets less and less because we are not finding new gold that much anymore) but we are still printing dollars and generally fiat and they get devalued.

The more fiat gets devalued and the more gold becomes scarce it is just logical that gold will worth much more gold. However remember it is a traditional way of investing which means it is not going to go up like crazy, it is going to go up like a traditional regular investment would not a lot but a bit.

[Kemarit]

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency

Well if we're being honest, it still is now. Crypto's explosion has been massive and have proven plenty of critics wrong, but it's still way too early to believe that it has beaten other traditional investments reliability-wise. Scalability should be achieved, at the very least, before we even start comparing the two.

In any case, they're not competitors anyway. You don't have to choose one or the other, and it would be foolish to do so.

Precious metals like gold and silver will always find its way to be the best hedge because they have proven it already specially Gold. Just imagine if UK doesn't have that gold reserve needed to sustain them during and after the war. As far as crypto though, its still fairly young, but people really find it the best investment so far for various reasons. But we can't really compare them, in fact wise and smart investors diversify their portfolio, so I believed that there are a lot of gold investors who's into bitcoin as well. So those two will continue to thrive as safe haven for investors, whether we like it or not.

[Kakmakr]

Precious metals will always be a good investment, because it is based on rarity just like Bitcoin and it can also be used for other uses besides being an investment commodity. The thing is, nobody knows if some unknown source of this precious metals will be found that might make these metals less precious.


There are already some research being done to mine Gold on asteroids and to bring that Gold back to earth. If they are successful with that, Gold might become a lot less rare.   

[horrifiedx1]

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency

Well if we're being honest, it still is now. Crypto's explosion has been massive and have proven plenty of critics wrong, but it's still way too early to believe that it has beaten other traditional investments reliability-wise. Scalability should be achieved, at the very least, before we even start comparing the two.

In any case, they're not competitors anyway. You don't have to choose one or the other, and it would be foolish to do so.

Precious metals like gold and silver will always find its way to be the best hedge because they have proven it already specially Gold. Just imagine if UK doesn't have that gold reserve needed to sustain them during and after the war. As far as crypto though, its still fairly young, but people really find it the best investment so far for various reasons. But we can't really compare them, in fact wise and smart investors diversify their portfolio, so I believed that there are a lot of gold investors who's into bitcoin as well. So those two will continue to thrive as safe haven for investors, whether we like it or not.

gold is a symbol of prosperity from ancient times, and until now people still believe it, and indeed the price tends to rise. while bitcoin is not much different, only still not many people know it, someday there will be many people who treat btc like gold

[dothebeats]

Gold and silver will always have a special place in the commodity market given that demand is always present for these two. They have proven their value and worth in a variety of ways, and they are still the most sought after hedge asset whenever an economical crash occurs. For a couple of centuries now, gold and silver have been in the pedestal for the most reliable investment/asset there is since it's always accepted literally almost everywhere. While it's not always a good thing to buy gold and silver, in dire cases such as an economic crash, it's still better to stash up your gold rather than risk it on failing stocks and securities.

[The Sceptical Chymist]

We all know that Cryptocurrency will be big in 3 to 5 years time.

You can speak for yourself about that.  I wouldn't be ballsy enough to bet the ranch on bitcoin popping back up to its last ATH within 3-5 years (though it certainly could happen, and I hope it does).

There seems to be a mood in the stock market that I can't quite put into words, but if I had to choose one it'd be "pessimism".  There's a lot of political craziness going on in the world, so it doesn't surprise me that the market is dropping.  What's strange is that gold & silver prices haven't really moved much--not since the stock market correction, and not much in years actually.  The metals market seems to be kinda dead, so the people who are selling stocks and causing the market to drop obviously aren't putting their proceeds into gold or silver--or bitcoin for that matter.  I think a lot of investors are staying in cash for the moment.

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency

That's so not true, and history proves this.

In any case, they're not competitors anyway. You don't have to choose one or the other, and it would be foolish to do so.

Those are words of wisdom.  Unfortunately that doesn't stop people from creating these threads comparing bitcoin to gold.  Personally I'd choose bitcoin over gold, but owning both might be a wise move depending on how much of each you invested in.

[hero1111]

Gold and Silver are useful commodities and people use them for technology because of people need it and because of they are expensive and the world population will increase 10 years later and people will need to use more Gold and Silver and it is mean Gold and Silver price will be hight together.

[figmentofmyass]

You can speak for yourself about that.  I wouldn't be ballsy enough to bet the ranch on bitcoin popping back up to its last ATH within 3-5 years (though it certainly could happen, and I hope it does).

really? in trading, it usually pays to keep betting the trend. betting against the trend, on the other hand, is usually a dangerous proposition. that doesn't imply anyone should bet the farm on it, but IMO it's a good bet.

There seems to be a mood in the stock market that I can't quite put into words, but if I had to choose one it'd be "pessimism".

that's one of the reasons it's not that bearish, and why we've already seen a 6% gain from the lows last week. sentiment is overly pessimistic, commentators and emotional traders shaken out of their longs have been screaming to short the market. based on what? initial reports that the economic growth might be slowing down? both the economic data and lack of bearish momentum in this drop imply that early bears will be punished.

i also think bitcoin and gold are direct competitors. sure, bitcoin doesn't compete with gold in industrial usage, but the vast majority of the gold market is store of value.

[magneto]

They are definitely alternative store of values in my opinion. Even though bitcoin has been increasing in market cap and I believe will be the most convenient and thus used decentralised asset in the future, precious metals should still have a fairly significant place in this.

I don't know if there will be a direct correlation between precious metals prices and bitcoin prices, but for sure, I think the value is undervalued right now.

There simply hasn't been a bull market for a long time, and with the stock market potentially heading into recession, we could see a resurgence of silver and gold prices soon. Again though, I doubt that it will ever exceed the growth and potential of bitcoin and silver since it's so inconvenient to actually use.