Will people come back to gold

[Farma]

Why should people go back to gold if they have an excellent analogue at their disposal - Bitcoin, Bitcoin is much better than gold, and the dynamics of its growth are much better than the dynamics of growth of gold. It's much easier to store and send over long distances than gold. Bitcoin is perfect in this regard.

well, sometimes bitcoin does become more potential than gold. but, however we think, gold has always been the goal of ordinary people. even 1 kg of gold has an unusually high price. many people collect gold little by little for that. well, sooner or later, people will definitely buy gold, and that is not surprising.

[STT]

Cryptocurrency is used by only five percent of the world's population.

I'm going to be really surprised if an accurate measure of usage for either cryptocurrency or gold came close to one percent of the worlds population, by business done.    People have definitely completely left the gold system, in any direct way at least.

Its true banks have some gold and use the markets to some extent but this usage does not extend to populations in normal business.   I dont think many parts of the world regularly use gold as their currency, best I've heard of is Vietnam houses sales being done in bars of gold because their currency  from paper notes is so unreliable the price could not be agreed otherwise.  
I dont think there is much of a regular market otherwise, obviously I know about jewellery and gold is popular in India and China and many parts.
  Ive not heard of it used to do business exactly, its a semi asset sure but with an irregular price still depreciated by debt based national currency holding precedence by legal backing and taxes, etc

[talkbits]

Well, i think it would never happen, but we are all aware how much the value of Gold and its value increases every time  that's why i highly suggest to invest many Gold.

[Silberman]

China and America are currently buying gold on a large scale, that is a question in my mind, the two most developed countries in world trade buy gold on a large scale.
maybe they are preparing something, maybe the biggest world crisis that is expected to happen soon, they are clearly preparing to face it.

I do not know if this is true but I will not be surprised if that is the case, they are not dumb they understand that the economy is not going to keep going as it is for that long and they are taking the necessary precautions to keep being powerful countries after that happens but what they are not considering is that people could move away from fiat and gold and use cryptocurrencies instead.

[dirgayeah]

With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.

I'm pretty sure Gold and Silver will come back again. and that's will be our tools for buy/sell. gold and silver don't got impact from Inflation or others. if you know the history of the FIAT and the capitalist monetary system, you will find the answer.

[munareal]

Gold I see as a safe haven investment. It is part of the very nation's economy because it has a correction with other currencies in foreign exchange. It shelters people from times of global economic uncertainty. It is used to hedge against potential threats to paper currency. Gold investment is revisited many proactive investors

[fauzan Ichsan]

Gold I see as a safe haven investment. It is part of the very nation's economy because it has a correction with other currencies in foreign exchange. It shelters people from times of global economic uncertainty. It is used to hedge against potential threats to paper currency. Gold investment is revisited many proactive investors

gold could survive when there are huge inflation in global economic.and this is why people still prefer investing in gold although there are many investment portofolio that could give them big profit.

besides that gold is tangible and can be used as jewelry. On the other hand gold has fans who will never recede to invest, because it is not affected by inflation. and I think it's reasonable if some people invest their funds in gold while waiting for the BTC to be excited

[Barbut]

Gold I see as a safe haven investment. It is part of the very nation's economy because it has a correction with other currencies in foreign exchange. It shelters people from times of global economic uncertainty. It is used to hedge against potential threats to paper currency. Gold investment is revisited many proactive investors

gold could survive when there are huge inflation in global economic.and this is why people still prefer investing in gold although there are many investment portofolio that could give them big profit.

besides that gold is tangible and can be used as jewelry. On the other hand gold has fans who will never recede to invest, because it is not affected by inflation. and I think it's reasonable if some people invest their funds in gold while waiting for the BTC to be excited

How much gold you have? Do you use gold very often? What you think about the usage of gold in history, was that a privilege or anyone could have it and use it? What`s the difference between back than and now? When ever I see topic about gold here I always say the same thing, I don`t like gold, I never used gold for anything, so how can I return to gold? Why would I return to gold? To become gold digger? Wake up people, miners are the ones who have big mining rigs and they mine for nice profit while they are clean, other kind of miners are dirty and very low paid workers, what you want to be?

[markj113]

With Bitcoin you can run a full node and nobody ever will be able to steal your bitcoin.
Regarding Gold: you can desposit your gold in Bank of England and still they can refuse to give you such gold.
This a huge difference in favour of bitcoin.
This is why you should run a Bitcoin full node (follow my guide in signature if you can speak Italian).

Putting your gold in someone else's possession be it a bank, vault or security box is the same as holding all your crypto on an exchange.  It introduces another element of 3rd party risk.

The safe way is to hold your own private keys and hold your own physical gold.

I would be amazed if there was anyone on this forum with so much wealth they couldnt easily hide it in the form of gold in their own house considering how value dense gold is.  $40k gold is around the size of a smart phone, how hard is that to hide.

[sidkz]

gold will always be appreciated, and the demand for it will not fall, and prices will constantly grow on it, prices will not be affected by the crisis and other problems this is a really stable product

[nebuch]

We all know gold value is more stable than bitcoin and the transactions was started longer than digital items. Possible the people will get back to gold investment if the market trend is always declining but I also believe they will not leave crypto living. It is base on its own strategy how we deal crypto at this point. The survival time is real, to quite is not the answer.

[wendiar19]

Why should people go back to gold if they have an excellent analogue at their disposal - Bitcoin, Bitcoin is much better than gold, and the dynamics of its growth are much better than the dynamics of growth of gold. It's much easier to store and send over long distances than gold. Bitcoin is perfect in this regard.

well, sometimes bitcoin does become more potential than gold. but, however we think, gold has always been the goal of ordinary people. even 1 kg of gold has an unusually high price. many people collect gold little by little for that. well, sooner or later, people will definitely buy gold, and that is not surprising.

investors are only looking for something that can provide benefits for them and try to still be able to grow their assets, and when they see the price of bitcoin always falling maybe they will come out of cryptocurrency and return to the initial investment place where they feel they can get profits every day.

[LeGaulois]

With Bitcoin you can run a full node and nobody ever will be able to steal your bitcoin.
Regarding Gold: you can desposit your gold in Bank of England and still they can refuse to give you such gold.
This a huge difference in favour of bitcoin.
This is why you should run a Bitcoin full node (follow my guide in signature if you can speak Italian).

Putting your gold in someone else's possession be it a bank, vault or security box is the same as holding all your crypto on an exchange.  It introduces another element of 3rd party risk.

The safe way is to hold your own private keys and hold your own physical gold.

I would be amazed if there was anyone on this forum with so much wealth they couldnt easily hide it in the form of gold in their own house considering how value dense gold is.  $40k gold is around the size of a smart phone, how hard is that to hide.

The risk is free because you have insurance included to cover any events even against natural disasters or terrorist attacks. But keeping at home is another story, you're not so safe from a robbery at home. Go to ask any insurer, you're covered with the house insurance but up to $x,xxx only

[randyg29]

I still don't have any gold in any part of my house because I know that it is hard to make a business with it for me that's why I still gonna find a different ways of earnings like Cryptocurrency. It makes more sense than putting my self to a hard time of making more profit because I know it is hard to make more money it.

[indrakusumaindra]

I don't know exactly about the other regions but from ASIA you cannot take gold away. They are crazy about gold and they are ready to invest in gold any time. I think this year investors are more interested in Gold as compared to crypto currency. Now Let's wait for the mid January to have an idea of BTC price.

Yes i do absolutely agree with this statement, Im from indonesia and i do admit people in my country really crazy with gold and they do not think that stock and cryptocurrency are a good way to invest their money. I think gold still the best investment in asia and the demand is really high and many people still think that gold are the best way to store value.

[zidanw]

Gold investment has been around for a long time and bitcoin is including a new instrument in investment. And the risk between gold and bitcoin is very different where the risk of bitcoin is much higher than gold. but both have their advantages and disadvantages

[Commitments]

When bitcoin never grow up will be possible for all bitcoin investor back to the gold investment, they will try to get profit with gold investment, how ever is the best way to get profit with investment kinds.

[@Hakermania@]

With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.

Gold for millennia is always the best shelter. I think that in the future it will also be bitcoin given that it enjoys scarcity and extract it has a cost, just like gold.

[rosepetals]

With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.

Alot of people are dying just to get gold.Miners willing to risk life just to get gold because they saw assurance that there is sure profit on it.Cryptocurrency is a risky thing and those whose been here for long time,they were willing to risk their money without any hassle and i think its all about peoples willingness on where to invest today.

[shesheboy]

I don't know exactly about the other regions but from ASIA you cannot take gold away. They are crazy about gold and they are ready to invest in gold any time. I think this year investors are more interested in Gold as compared to crypto currency. Now Let's wait for the mid January to have an idea of BTC price.

Yes i do absolutely agree with this statement, Im from indonesia and i do admit people in my country really crazy with gold and they do not think that stock and cryptocurrency are a good way to invest their money. I think gold still the best investment in asia and the demand is really high and many people still think that gold are the best way to store value.

Im also from asia and i see that many people likes to buy gold ( not the actual gold ) but jewelries made of pure gold because they can afford to it easily but thats acceptable because gold is more well known that bitcoin or any other cryptos .  other people here do also love cryptos and they even invest with it .  as soon as crypto will become popular , it can also compete with gold because people see it as a profitable investment tool  .