Will people come back to gold

[LeGaulois]

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I couldn't agree more with you. If only the members could understand that. Gold isn't an investment, I don't know any sane investor injecting money in the gold market to get gains. It's funny when you read the full topic, you can see who know nothing, not even a place to buy some...
In the first post I mentioned the central banks increasing their gold stock, why are they doing this? Not to invest and get a 5% within 12 months

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[markj113]

I couldn't agree more with you. If only the members could understand that. Gold isn't an investment, I don't know any sane investor injecting money in the gold market to get gains. It's funny when you read the full topic, you can see who know nothing, not even a place to buy some...
In the first post I mentioned the central banks increasing their gold stock, why are they doing this? Not to invest and get a 5% within 12 months

Well my investement in gold paid off my current house after the post Brexit vote price spike.

Currently holding 403oz gold + just under 2000oz of silver.

Fully expect the gold to make me a millionaire when the next financial crisis kicks off in the not too distant future.

Fast forward to the year 2100: If we manage to colonize our solar system, we will at some point be able to reach asteroids and planets with far more precious metals than we have on earth. With supply increasing, prices will fall. Bitcoin on the other hand, in 2100, will still be limited to <21 million

And you think they'll pull off deep space asteroid mining of gold at under $1300 an oz?

Scarcity does not always equate to value also techology moves fast, do you think BTC will still be the no.1 crypto that far in the future?  My bet it is it will be a distant memory and state issued and backed crypto will be the norm.

[Tukang Becak]

In my opinion gold will never lose interested people, this is because gold is the longest safest investment, even when there is a world war the war country only makes gold a payment system, and this is what makes gold always the first choice.

[Naida_BR]

Gold is not an investment. It is an alternative of saving and storing the value of your money. No one became rich by buying gold, because only rich people buy it.

If we own a gold miner then thats an investment, capital is deployed in working operations for profit or loss and so we are invested in business.   Just holding a plain currency gives me no part in that production, the people who hold US Dollar notes are creditors to a debt at best but have no yield or return or rights for that note as its not linked to any contract worth.

Exactly. The term "investment" is connected in with the production of wealth or with something that brings value to the economy, in my mind. If you hold gold/bitcoin/oil or any other commodity you are not an investor as you don't contribute to the value-added chain of economic growth. The same I could say with any kind of fiat money.

[UserU]

While I always have interest in gold, it's not easily traded like coins and I don't fancy margin trading :/

[bering]

But you said that it has a very small price increase... How gold investors are going to be rich? By accumulating the small fractions of the price increase year by year?
Gold is not an investment. It is an alternative of saving and storing the value of your money. No one became rich by buying gold, because only rich people buy it.

It does makes sense that if people who investing gold aiming high profit then gold is not an good option because every year gold price were too stable but i have been ask the questions to the people in my country why they choose gold as their investment tools and mostly they answers is because gold price is stable from year to year and for long term purposse gold is good because gold was never lost the value

[akram143]

But you said that it has a very small price increase... How gold investors are going to be rich? By accumulating the small fractions of the price increase year by year?
Gold is not an investment. It is an alternative of saving and storing the value of your money. No one became rich by buying gold, because only rich people buy it.

It does makes sense that if people who investing gold aiming high profit then gold is not an good option because every year gold price were too stable but i have been ask the questions to the people in my country why they choose gold as their investment tools and mostly they answers is because gold price is stable from year to year and for long term purposse gold is good because gold was never lost the value

Still most of the people had lots of hope in the investment and gold so they are not accepting Bitcoin is better than gold but Bitcoin users will definitely we need to understand both Golden bit kind had equal responsibility to be stable for long time so we can definitely choose both these things as the future investment

[markj113]

The only important fact is fiat is the worst thing to hold.

Inflation always exceeds any interest paid on cash savings so constantly erodes purchasing power year on year.

[2chase]

Perhaps banks are now actively buying gold, but at the same time there is a very large number of OTC transactions during which various funds and individuals actively buy bitcoins from miners, and if they do this, this means that they have some kind of investment plan. I think that ultimately buying bitcoins is much more profitable than buying gold.

[markj113]

Perhaps banks are now actively buying gold, but at the same time there is a very large number of OTC transactions during which various funds and individuals actively buy bitcoins from miners, and if they do this, this means that they have some kind of investment plan. I think that ultimately buying bitcoins is much more profitable than buying gold.

You have to factor in risk too as recent events have shown.

[andieoke]

Yes, maybe some people will return to gold, or those who buy gold in large quantities, they really do not pay too much attention to the presence of Cryptocurrency. but I am sure, gold and bitcoin are both going to generate big profits. so now it's up to ourselves, want to stay here or be back in gold.

[DigiPiglet]

Fast forward to the year 2100: If we manage to colonize our solar system, we will at some point be able to reach asteroids and planets with far more precious metals than we have on earth. With supply increasing, prices will fall. Bitcoin on the other hand, in 2100, will still be limited to <21 million

And you think they'll pull off deep space asteroid mining of gold at under $1300 an oz?

Scarcity does not always equate to value also techology moves fast, do you think BTC will still be the no.1 crypto that far in the future?  My bet it is it will be a distant memory and state issued and backed crypto will be the norm.

Unless a new significant use case for gold arises within the next decades (which is not impossible, could be something space related), the price will go down to its intrinsic value (on computer chips and the likes). Jewelry, which is one important use case for gold right now, is quite useless apart from being a part of our culture. Once people start to realize this, gold will go down in price. At the very latest, the price will go down once supply increases.

On Bitcoin existing in 2100: It's absolutely impossible to predict that far into the future. The scenario was hypothetical, and deliberately exaggerated in order to make the point, that while the supply of gold might spike at some point in the future, Bitcoins cannot.

[sirminesalot]

it could all happen that no one can know for sure if seen from the beginning until now gold still exists and is still used by people as an investment does not cover the possibility that in the future gold can be a promising investment

[markj113]

Unless a new significant use case for gold arises within the next decades (which is not impossible, could be something space related), the price will go down to its intrinsic value (on computer chips and the likes). Jewelry, which is one important use case for gold right now, is quite useless apart from being a part of our culture. Once people start to realize this, gold will go down in price. At the very latest, the price will go down once supply increases.

On Bitcoin existing in 2100: It's absolutely impossible to predict that far into the future. The scenario was hypothetical, and deliberately exaggerated in order to make the point, that while the supply of gold might spike at some point in the future, Bitcoins cannot.

Countries such as China and Russia are accumulating gold as quickly as possible.
Countries are fighting to repatriate their gold from the US and UK.
Gold jewellery has been sought after since around 3100 B.C. that is not about to change any time soon.
Gold does have a minimum floor price due to energy, equipment and people costs to pull it out of the ground all of which continue to increase in price with reducing yields.
Gold hits an all time high in 72 currencies:
https://www.zerohedge.com/news/2019-01-15/gold-hits-all-time-high-72-currencies



Bitcoin has no new use cases, no mass adoption, no killer app.  
It has existed such a small amount of time it could disappear tomorrow and the majority of the world wouldnt even notice.
There is no minimum floor price for bitcoin thanks to the automatic difficulty adjustment, 1 nerd mining on pentium III with bitcoin at $1 could happen.

[LeGaulois]

Unless a new significant use case for gold arises within the next decades (which is not impossible, could be something space related), the price will go down to its intrinsic value (on computer chips and the likes). Jewelry, which is one important use case for gold right now, is quite useless apart from being a part of our culture. Once people start to realize this, gold will go down in price. At the very latest, the price will go down once supply increases.

On Bitcoin existing in 2100: It's absolutely impossible to predict that far into the future. The scenario was hypothetical, and deliberately exaggerated in order to make the point, that while the supply of gold might spike at some point in the future, Bitcoins cannot.

Gold doesn't need a new use case, it doesn't need to prove anything more. It showed us its strength long before we were born. Its price won't decrease no matter if we have not a new industry consuming it. Check back the gold history.
You contradict yourself, your first say jewelry is important and then useless. Which one should we take?

[SCheek]

I think there are a number of other base metals/products that one can invest in to store wealth

[CryptoMoar]

gold will always be an interesting item to have and store. since ancient times gold has become a valuable item today. and investing in gold is always profitable even though it is quite low every year. but the price of gold rarely goes down. so it's not surprising if now people are still interested in investing in gold.

[iMark]

gold will always be an interesting item to have and store. since ancient times gold has become a valuable item today. and investing in gold is always profitable even though it is quite low every year. but the price of gold rarely goes down. so it's not surprising if now people are still interested in investing in gold.

I think gold will not become obsolete, it will not be excluded by technology and time. we know that gold has been around for thousands of years, and the price continues to stabilize and even increase. we don't go back to gold. we always invest in gold

[anggi]

gold will always be an interesting item to have and store. since ancient times gold has become a valuable item today. and investing in gold is always profitable even though it is quite low every year. but the price of gold rarely goes down. so it's not surprising if now people are still interested in investing in gold.

after all, Emasn is one of the influential assets, and has a price wherever you are. when money is no longer guaranteed, most people will return to investing in gold, real estate, and others. I am sure, many of us target to have a lot of gold in the future. it is an investment that is easy to control.

[markj113]

I think there are a number of other base metals/products that one can invest in to store wealth

The problem is wealth density.

$40k gold is the size of a smart phone.
$40k copper is 6.7 tonnes