Will people come back to gold

[Wilhelm]

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.

Money isn't backed by precious metals. It's backed by an IOY of the government. A long, long time ago it was backed by gold and silver.
Crypto is backed by math and math can be broken too.

Gold will always be gold. Don't expect it to increase or decrease in value a lot. This makes gold a stable investment.

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[fillippone]

Gold will always be gold. Don't expect it to increase or decrease in value a lot. This makes gold a stable investment.

Again, I repeat an important concept I tried to explain in one of my post here above: Gold is a good store of value because it has a constant REAL purchasing power. Gold price in FIAT measure in reality the volatility of the unit of measure, the price of the FIAT currency. Gold has been appreciating in USD terms because USD has been slowly losing value because of inflation. Gold in BOLIVAR had an explosive price action,  not because it became suddenly preciour, but because bolivar basically lost all his value.
Gold has proven such potential over centuries. Bitcoin started 10 years ago. It’s a long way to be a proven store of value.

[Pab]

Govs are keeping his reserve in golds it works like a hedge to dollar
But people i don't think so
There are countries where gold is like very traditional saving.That is Russia for example
China is very much supporting gold buy by his people and companies
But gold is much more like a saving than investment for profit
Gold price is frozen by virtual gold trading i hope it will be not the same with bitcoin

[taskly]

I see no purpose in gold. It looks nice. If stuff hits the fan, your gold will have no utility in "the collapse". The government has seized it before. And if there's a societal collapse, having currency should be the least of your concerns. There won't even be an economy.

The abandonment of gold has made us more economically safer. We don't have extreme booms and busts. Interest rates are under control. The currency can act as a buffer for any economic issues. Inflation has never been so consistently low. Just in the 60's (when we had gold) there were decades of stagflation. The floating of the dollar has been good for the world economy.

[fillippone]

I see no purpose in gold. It looks nice. If stuff hits the fan, your gold will have no utility in "the collapse". The government has seized it before. And if there's a societal collapse, having currency should be the least of your concerns. There won't even be an economy.

The abandonment of gold has made us more economically safer. We don't have extreme booms and busts. Interest rates are under control. The currency can act as a buffer for any economic issues. Inflation has never been so consistently low. Just in the 60's (when we had gold) there were decades of stagflation. The floating of the dollar has been good for the world economy.

ah!
 You should read the Bitcoin Standard by Saifedean Ammous and revise some of your statements.
https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
Really good read.

[Silberman]

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.

That is what many believe but it is not true, convenience goes out of the window when your fiat is not worth the paper in which it is printed at that point people will use whatever form of money that guarantees them stability even if it is not as convenient to use as fiat, so gold could always make a come back and all the governments around the world know it.

[sham100899]

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.

people will still choose bitcoin even at the times likes this, gold seems to be harder to earn or mine unlike bitcoin, you can earn it right here or anywhere that adopts cryptocurrency. It will be just a matter of time before bitcoin takes over everything.

[bangkit tri]

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.

people will still choose bitcoin even at the times likes this, gold seems to be harder to earn or mine unlike bitcoin, you can earn it right here or anywhere that adopts cryptocurrency. It will be just a matter of time before bitcoin takes over everything.

I don't think it is like that, gold has more users than in the past, and many believe it. gold is a consistent type of investment, so it's not surprising that many like it. but that does not mean investors return to gold

[boyz97]

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.

people will still choose bitcoin even at the times likes this, gold seems to be harder to earn or mine unlike bitcoin, you can earn it right here or anywhere that adopts cryptocurrency. It will be just a matter of time before bitcoin takes over everything.

I don't think it is like that, gold has more users than in the past, and many believe it. gold is a consistent type of investment, so it's not surprising that many like it. but that does not mean investors return to gold

gold proved as good investment portofolio in long time.so no doubt if people back to gold as their portofolio.i think each investors have gold as their portofolio too, they dont buy it recently.

[Ekimzjames20]

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.

people will still choose bitcoin even at the times likes this, gold seems to be harder to earn or mine unlike bitcoin, you can earn it right here or anywhere that adopts cryptocurrency. It will be just a matter of time before bitcoin takes over everything.

I don't think it is like that, gold has more users than in the past, and many believe it. gold is a consistent type of investment, so it's not surprising that many like it. but that does not mean investors return to gold

gold proved as good investment portofolio in long time.so no doubt if people back to gold as their portofolio.i think each investors have gold as their portofolio too, they dont buy it recently.

Gold is the best in how many years but why some investor go to coins like bitcoin, because they want to explore and try others much better. Yes it is risk but it is in high return in the future.

[Leoeco]

Gold is convertible currency. Eventually we need immutable currency in rapidly changing situation

[LeGaulois]

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.

Seriously? Crypto better than Gold?  
FYI the money isn't backed by gold since Nixon president, it's maybe 40-50 years ago

I see no purpose in gold. It looks nice. If stuff hits the fan, your gold will have no utility in "the collapse". The government has seized it before. And if there's a societal collapse, having currency should be the least of your concerns. There won't even be an economy.

In a "collapse" Gold may be the only utility people will need, and those who don't own will become poorer than the poors. Govts. may size the gold stored in banks vaults, not under your bed. People know this already that's why some store their gold in a country where it can't be sized (i.e Belgium & Switzerland for the EU)

[cizatext]

Well it looks like the return of gold is Herr again because the whole economy is facing lots of challenges and at that it was recorded that the America stock also suffered a great lose in recent time and at that what we are facing presently in the price of all commodities in the exchange market is also general and it sims gold is the only commodity with a stable price.

[STT]

Well gold shares aren't gold so let's put that aside.


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.

Gold was not used directly in olden days mostly.   We might need to argue about silver coins (hence £Sterling) there but the majority of a population would never carry a gold coin.
   Theres no need to transport metal in every transaction to prove it took place, like now most bills were settled by account or notes.    We can certainly return to a system that references gold, the price would likely need to be 10,000 per ounce however in order that price of available gold in circulation would adequately describe and allow for world trade.
Jim Rickards discusses why 10,000 and not 5,000 and how the wrong price would cause upset like any bad exchange rate can to national commerce.

Going back to gold is not a return to the old west and gun fights at high noon, that might be the idea transfixed in peoples minds.   All it means is a fixed system of account not with debt produced by governments as the sole basis to money used by a population.    Its easy to see that the egos of national heads is not a stable basis for value and international business

Gold shares are a share of the company assets, presuming assets outweight debts that company would be holding gold in some proportion.   I get what you mean but its possible for a company share to be entirely 100% a pile of gold in a safe.   Its unlikely, most likely the gold mining firm owns land which contains raw gold possibly requires millions to extract it.   However its still gold in some form or another.
Debt or bonds legally supersedes a company share, so its very reliant on the company not owing more in debt then it can repay before creditors seize the company.  Obviously its not straight forward but many companies have a valid resource at $700 cost per ounce to extract, thats all normal so its gold in a long term holding.  It could even be superior to holding in a safe where it can be more easily taken

[xWolfx]

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.

I fully agree with your point of view. And makes sense to switch between both in fact, even when it is not my personal preference to do so.

For now investors/traders are making sure to buy to take advantage of the next price rising. I personally don't like trading very much but i should probably start learning about it for the future.

It is certainly possible that people come back to gold in crisis due to it's intrinsic value, especially if you have your gold yourself in extreme cases.

[hen cet]

Well it looks like the return of gold is Herr again because the whole economy is facing lots of challenges and at that it was recorded that the America stock also suffered a great lose in recent time and at that what we are facing presently in the price of all commodities in the exchange market is also general and it sims gold is the only commodity with a stable price.

People always idolize gold as an investment and appearance, because the price increases are stable and certain.
Other investments such as cryptocurrency always experience price fluctuations which are very risky to experience losses, unlike gold. Gold investment is safer.

[Godday]

Well it looks like the return of gold is Herr again because the whole economy is facing lots of challenges and at that it was recorded that the America stock also suffered a great lose in recent time and at that what we are facing presently in the price of all commodities in the exchange market is also general and it sims gold is the only commodity with a stable price.

People always idolize gold as an investment and appearance, because the price increases are stable and certain.
Other investments such as cryptocurrency always experience price fluctuations which are very risky to experience losses, unlike gold. Gold investment is safer.

gold is different from bitcoin, they are different worlds and their uses. if in the real world not everyone can have gold because the price is expensive because gold is stable and there must be capital to have it. if in the digital world bitcoin can be bought at cheap prices and sell it at high prices if the market is stable. I prefer to invest with bitcoin and it's comfortable here.

[harapan]

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.

[daarul50]

Well it looks like the return of gold is Herr again because the whole economy is facing lots of challenges and at that it was recorded that the America stock also suffered a great lose in recent time and at that what we are facing presently in the price of all commodities in the exchange market is also general and it sims gold is the only commodity with a stable price.

People always idolize gold as an investment and appearance, because the price increases are stable and certain.
Other investments such as cryptocurrency always experience price fluctuations which are very risky to experience losses, unlike gold. Gold investment is safer.

gold is different from bitcoin, they are different worlds and their uses. if in the real world not everyone can have gold because the price is expensive because gold is stable and there must be capital to have it. if in the digital world bitcoin can be bought at cheap prices and sell it at high prices if the market is stable. I prefer to invest with bitcoin and it's comfortable here.

The difference in gold and bitcoin is also evident from the way it is mining. Where gold must damage the environment to get it while bitcoin does not damage anything because it only requires energy like electricity to be able to mine it. I think someone has a different choice between investing in gold and bitcoin. For someone who wants an investment with physical evidence, he will choose to invest in gold, but if someone thinks that physical form is not needed, chances are he will choose bitcoin investment.

[STT]

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'd love if that were true and China might be diversifying its bond holdings into gold but USA if you meant to say they are net buyers of gold, thats not correct pretty sure.    We all know the story with the US fiscal budget for many years going back decades now is to run a deficit resulting in the highest levels of debt ever, even ww2 which made so many countries massively poorer did not see such complacency to debt as this.    

Gold is mined and sold, its not retained as an asset, the ratio of debt or dollars issued into circulation is far lower then previously for gold held.    Its possible US has its fort knox gold reserves still but they are tiny amount of total debt owed.     Almost all of the richest nations are relying on traded debt not the solid value in gold or similar

China, Russia and maybe India not sure but not many countries are increasing gold as a proportion of reserves.   Overall I've read government have been net buyers of gold but I think its a few buyers not a trend of many overall.  China as a communist nation had few reserves in gold apparently, now they have become the worlds largest producer of gold (formerly south africa) with no exports and also the worlds largest importer of gold if I remember right