Will people come back to gold

[Canoppo99]

Likely yess, gold is one of top profitable investment in history. The price of gold is constantly increases, I personally prefer like to invest in gold or real estate rather than stocks market because the risk is very small although the profit is can't be gained in short time, need atleast 2-3 years for it.

[romero121]

Gold is a historical asset that's been used for years and has got a physical state. The same is not found with bitcoin, because it is completely an innovation and the major major backing is the technology. I'm sure every bitcoin holder or user will be having gold. People give importance to gold as a security asset that can be used any time on need while bitcoin is preferred as an asset for long term profiting as we don't know when the growth happens.

[fillippone]

Likely yess, gold is one of top profitable investment in history. The price of gold is constantly increases, I personally prefer like to invest in gold or real estate rather than stocks market because the risk is very small although the profit is can't be gained in short time, need atleast 2-3 years for it.

You surely get half of the point here: gold increase the price measured in FIAT money, not because gold is increasing value, but because FIAT  money is decreasing in value. Price of gold measured in real terms has been stable in centuries.

[The Sceptical Chymist]

Gold is safe haven and i think people already know it. But for transaction, i dont think people will back to gold because its not flexible and its about security. As investment, i am believe people prefer choosing gold as long investment because its already known for centuries

Gold is not safe because of its physical presence it’s hard to keep it away from street robbers and thief’s so I am sure people are not going to connect with good again once they try investing in bitcoin now is hardly possible for them to move again to 19th century where people were not having any other option than Gold.

Typical trash post.
You have no idea what is gold. Do you think people go on the street with their gold in their pocket? Do you think people are dumb as you to invest in Bitcoin. For your education, people had several choice to invest in. Again you know nothing. Don't you have a school in your city?

Thanks to reminding me to set the topics in self-moderated mode

No kidding.  The only reason I came back to this thread was to see if there were any posts worth meriting, but all I see are the typical one-line sig shitposts which demonstrate that they can barely comprehend the thread title, much less anything else here.

Back to on-topic stuff:  goldbugs still keep hyping gold ownership, and meanwhile it's still <$1300/ounce and going nowhere--even amidst all the chaos we have in the world.  That sort of surprises me, since you'd think that investors would be looking for some safe-haven assets right now, and gold has historically been one of them.  Silver has gone up a bit, but not much.

As I've said before, there's no way in hell gold or any precious metal is going to be used the way it was before 1900.  Not even if there's a zombie apocalypse.  The world has moved (and continues to move) so far away from physical cash that we're past the point of no return right now.  As evidence I only have to go to the local convenience store and buy a cup of coffee.  Most of the people in line in front of me will pay with some form of card or their phone.  On the other hand, I do think certain people will always want to own gold, whether it's in the form of jewelry or collectible coins or whatever--but the world is done with it as a form of money.

[STT]

I don't see a return to precious metals for one reason: convenience. Yes, in this day and age, especially in China, there is less cash. So it's not going back to precious metals.

You might be right and another reason for Bitcoin is that online factor and easy integration.   But this alone is not really why gold will be a declining in usage, its easily possible to use gold in a proxy form and if your standard is centralised anyway and trusting higher authority in a conventional way then gold is just fine as a tradable service.  

You can hold the gold centrally and trade notes of worth that have a claim on that gold deposit.   That system works fine under most circumstances and has been normal for hundreds of years, the gold is settled when a larger amount is accrued like settling a credit card

As I've said before, there's no way in hell gold or any precious metal is going to be used the way it was before 1900.  Not even if there's a zombie apocalypse.  The world has moved (and continues to move) so far away from physical cash that we're past the point of no return right now.

I'm always reminded of the Tide going out on a big beach when I was a kid.   It always seemed like the sea had gone and would never return, the plug was pulled in the seabed and this situation was irreversible.  It was barely in sight or at least at knee height only that was my view of the world.
Thats how people view gold, since 1971 gold has gone and it will never come back.  How could it come back when its been gone my entire life.   I understand why people would say that with respect to technology but gold has been outdated thousands of years by other ideas and ability to transfer value without a heavy rock.    Yet gold remains, its useful and unique and part of the money system I think forever.

The tide will turn, we will once again be using gold every day.   High tide will be surprise to everyone as we again are upto our chins in water in once what was only sand.   Change is not just possible but inevitable imo
[I live near the worlds largest tidal range btw, hence my memory of these epic beach ranges]

Bitcoin is what many people believe is that change, but its only one part of the story we will see happen

[setialovers]

Gold always become safe haven investment. The growth always stable and more resistant againts inflation. I am believe if our economic using gold standart, our country economic getting stronger and can survive from economic crisis

While gold is considered to be a safe heaven, I don't feel it's return can sustain ones expenses these days. I feel gold has lost it's shine, as the demand for it also has fallen all across the globe. I feel people now are ready to take more risks, for higher returns and are looking for risky ventures to earn and sustain for itself. Hence I feel people will opt for cryptos over gold, as they'll get more returns with cryptos.

Gold is safe investment and i think gold hard to speculate the price in investment market or any market. Gold more resistant on inflation compare with fiat money because paper money always flooded in market by central banks.

[fillippone]

Gold is safe haven and i think people already know it. But for transaction, i dont think people will back to gold because its not flexible and its about security. As investment, i am believe people prefer choosing gold as long investment because its already known for centuries

Gold is not safe because of its physical presence it’s hard to keep it away from street robbers and thief’s so I am sure people are not going to connect with good again once they try investing in bitcoin now is hardly possible for them to move again to 19th century where people were not having any other option than Gold.

Typical trash post.
You have no idea what is gold. Do you think people go on the street with their gold in their pocket? Do you think people are dumb as you to invest in Bitcoin. For your education, people had several choice to invest in. Again you know nothing. Don't you have a school in your city?

Thanks to reminding me to set the topics in self-moderated mode

No kidding.  The only reason I came back to this thread was to see if there were any posts worth meriting, but all I see are the typical one-line sig shitposts which demonstrate that they can barely comprehend the thread title, much less anything else here.

Strange,
Because your message basically agrees with my message here:

https://bitcointalk.org/index.php?topic=5081092.msg49287476#msg49287476

Ready to debate though.

[maemunah]

it could happen because we know gold from the past until now is still valuable and still has value and interest may also be a good investment tool

I think gold now has a high price and bitcoin has dropped dramatically and I think this is a bitcoin problem today and many investors are moving gold rather than bitcoin

[markj113]

Gold is not safe because of its physical presence it’s hard to keep it away from street robbers and thief’s so I am sure people are not going to connect with good again once they try investing in bitcoin now is hardly possible for them to move again to 19th century where people were not having any other option than Gold.

Owning physical gold exposes you to a few local thieves, owning bitcoin exposes you to a global network of hackers.

How many exchanges been hacked?
How many people have been scammed on this forum?

Find me a precious metals forum with a section similar to the scam accustion thread on this forum, you wont find one.

$40k gold is the size of a smart phone and very easy to hide away securely and if your discreet how would anyone know you have it?

Buying gold with cash is anonomous, dealing with bitcoin leaves your digital fingerprint everywhere you go.

[LeGaulois]

No kidding.  The only reason I came back to this thread was to see if there were any posts worth meriting, but all I see are the typical one-line sig shitposts which demonstrate that they can barely comprehend the thread title, much less anything else here.

They give me stress. Sometimes I have to read the same post 3 times and it often comes to the point I wonder if I'm not the one who's dumb.
Sure gold won't be used for our daily uses like it was used centuries ago, but as a store of value, it could easily happen. Today generations don't know how it is to live in a war (I don't too btw). If a day it happens they will quickly understand.

[markj113]

No kidding.  The only reason I came back to this thread was to see if there were any posts worth meriting, but all I see are the typical one-line sig shitposts which demonstrate that they can barely comprehend the thread title, much less anything else here.

They give me stress. Sometimes I have to read the same post 3 times and it often comes to the point I wonder if I'm not the one who's dumb.
Sure gold won't be used for our daily uses like it was used centuries ago, but as a store of value, it could easily happen. Today generations don't know how it is to live in a war (I don't too btw). If a day it happens they will quickly understand.

Have a look at Glint, it lets you link a mastercard to an allocated gold holding and you can switch between several currencies.

Makes saving and spending gold quick and simple:
https://glintpay.com/

[jjjfff]

Crypto is much better than gold.

Instead of backing money up by some precious metal, it's backed by pure abstract math. It's the concept of the future.

[Wilhelm]

Gold can be physically held, has other valuable properties instead of scarsity. It is only subject to theft by people coming to your house/bank. Has been a safe store of value for hundreds of years.
Crypto is good for worldwide transactions with a good level of anonimity. It however can potentially be stolen or cracked making it easier in use and abuse. It is in it's infancy so we don't fully trust it yet.

As with every investment you need to split risk. So it is good to have both in your portfolio.

I therefore think people will still go back to gold.

[LeGaulois]

Gold can be physically held, has other valuable properties instead of scarsity. It is only subject to theft by people coming to your house/bank. Has been a safe store of value for hundreds of years.
Crypto is good for worldwide transactions with a good level of anonimity. It however can potentially be stolen or cracked making it easier in use and abuse. It is in it's infancy so we don't fully trust it yet.

As with every investment you need to split risk. So it is good to have both in your portfolio.

I therefore think people will still go back to gold.

People very rarely store their gold in their home, I told it already but since you didn't read anything on this topic... on the top of that it's often not covered by insurances. There is no anonymity in cryptos as soon you exchange it with fiat and the money hits your bank account.


It's like if you hide your face with a balaclava but on your t-shirt, it's written "Hey it's me! Wilhelm!" 

[Wilhelm]

Gold can be physically held, has other valuable properties instead of scarsity. It is only subject to theft by people coming to your house/bank. Has been a safe store of value for hundreds of years.
Crypto is good for worldwide transactions with a good level of anonimity. It however can potentially be stolen or cracked making it easier in use and abuse. It is in it's infancy so we don't fully trust it yet.

As with every investment you need to split risk. So it is good to have both in your portfolio.

I therefore think people will still go back to gold.

People very rarely store their gold in their home, I told it already but since you didn't read anything on this topic... on the top of that it's often not covered by insurances. There is no anonymity in cryptos as soon you exchange it with fiat and the money hits your bank account.


It's like if you hide your face with a balaclava but on your t-shirt, it's written "Hey it's me! Wilhelm!"  

Well gold shares aren't gold so let's put that aside.
Almost all cash in countries are no longer backed by gold or silver so keeping your gold in the bank is an IOY. Cash is also an IOY. IOY is not gold.
The federal reserve is most likely empty since my country and other countries are having problems getting gold back from the USA.
More and more people are no longer trusting banks and are physically storing gold and silver.
The topic talks about going back to gold. I interpreted it like having gold in the olden days. When you bite your gold dollar to test if it real.

I know there is no full anonymity that's why I wrote "a good level of". Ever tried tracing a coin to a person? No well it's not as simple as you might think. Especially if you run it through a few trading sites or satoshi dice mixers or swap it around through shitcoins or sell it through coldwallet handovers. You can only figure out the person after he/she has bought or sold Bitcoin and the providing a link to an account in the ledger.

In your analogy it would be more like.
- You buy a balaclava.
- Cops see you in a balaclava.
- They figure out the type of the balaclava.
- They trace it back to the store(s).
- They get the financial records.
- They trace it to you.
- They then need to figure out if you used your creditcard.
- They then need to figure out if you used the balaclava.

Not as simple.

[argon76]

Gold, unlike Bitcoin, has long been used by people. In turn, this shows the stability of gold. Therefore, it is natural that they acquire it, although there are other factors for this. 

[Google+]

after the fall of bitcoin prices from 2018, it seems that there have been a lot of cryptocurrency traders who have moved out and moved back to gold trading, chances are they will come back when the bitcoin is able to make a profit again.

[DisturbedRTX]

I agree with the commentator above. Due to the fall of Bitcoin, traders have nothing left but to switch to something else. It seems that gold has become. 

[Lexurdania]

Crypto is much better than gold.

Instead of backing money up by some precious metal, it's backed by pure abstract math. It's the concept of the future.

For many people, Gold is more trusted as store of value and as investment. Gold already known for centuries and its very easy to liquidate Gold if holder want to sell it. But i think bitcoin and gold can be an investment at same time

[jeromix]

Gold, unlike Bitcoin, has long been used by people. In turn, this shows the stability of gold. Therefore, it is natural that they acquire it, although there are other factors for this. 

I do not think that investors who were after gold are also investing in cryptocurrency. Cryptocurrency is new compared to gold so the users were also new. Those old one's are having use to invest gold and they are now earning the profit but if they had also made it to cryptocurrency then probably OP is right they may be able to go back investing in gold because cryptocurrency is not good for now.