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Author Topic: Will people come back to gold  (Read 24051 times)
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January 28, 2019, 01:32:37 PM
 #401

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.

 
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January 28, 2019, 05:16:11 PM
 #402

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.

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January 28, 2019, 05:42:07 PM
 #403

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.

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January 28, 2019, 10:43:04 PM
Last edit: January 28, 2019, 11:23:08 PM by STT
 #404

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
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January 29, 2019, 12:37:33 AM
 #405

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.

I think its because cryptocurrency not recognized yet as commodity or investment. If government recognized cryptocurrency is an investment, i think more people will invest in crypto. But gold already known for centuries and people can back to gold system if economic system always crash

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January 29, 2019, 01:12:52 AM
 #406

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.

I think its because cryptocurrency not recognized yet as commodity or investment. If government recognized cryptocurrency is an investment, i think more people will invest in crypto. But gold already known for centuries and people can back to gold system if economic system always crash
although appear new investment portofolio in finance industry, gold and silver will have their own place.they have fanatic investors that always buy it.but cryptocurrency one step closer be commodity.moreover after SEC approve etf, there will much large investor come to cryptocurrency market.

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January 29, 2019, 03:27:48 AM
 #407

Many investor back to the gold investment because have waiting for one year bitcoin still not have progress to higher price, they have tired about how bitcoin price always dump, they take new way to back at gold investment because never have lower and dump price.

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onrise
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January 29, 2019, 05:57:38 AM
 #408

Many investor back to the gold investment because have waiting for one year bitcoin still not have progress to higher price, they have tired about how bitcoin price always dump, they take new way to back at gold investment because never have lower and dump price.

People should be investing in both of the options if they want to stabilize their investment and not just concentrate on one of them. Diversification will help them to make money even if market is down for any one of them. This will help them to make returns rather than just be depended on a single product.

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January 29, 2019, 06:07:03 AM
 #409

Gold is always the best in the market, whether it can be of long term or short term. Because, gold will be stable for long term as well grows with time. Importantly there is not much of volatility with gold, while cryptocurrency is highly volatile. To my understanding gold will always be preferred by the user who expect to stay on a risk free platform. I believe most of the users will diversify with gold and cryptocurrencies.

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January 29, 2019, 07:34:54 AM
 #410

Many investor back to the gold investment because have waiting for one year bitcoin still not have progress to higher price, they have tired about how bitcoin price always dump, they take new way to back at gold investment because never have lower and dump price.

People should be investing in both of the options if they want to stabilize their investment and not just concentrate on one of them. Diversification will help them to make money even if market is down for any one of them. This will help them to make returns rather than just be depended on a single product.

investing in one product is risky, choosing both of them does provide a sense of security for our assets. it is impossible for a business to run well continuously, so that when one investment slows, the other one can cover up
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January 29, 2019, 08:44:26 AM
 #411

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.

I truly don't believe that buying should be characterized as a sort of investment. I think that people buy gold and got involved in this market in order to store their wealth value. The price of the gold doesn't fluctuate a lot thus buyers are securing their money to this commodity. Something that can hard to happen in other commodities such as oil for example.

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January 29, 2019, 08:33:26 PM
 #412

...

Last week there was an article published saying that crypto investors are slowly turning to gold. I didn't read the article honestly so I don't know what do they call "investors". I don't call a crypto dude with $50 an investor btw. But look like a trend really started now and a looot of money is being injected in the market

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January 29, 2019, 11:17:33 PM
 #413

Yes, everything can happen, because the declining price of Bitcoin can cause Investors to turn to gold, because in Bitcoin it can't generate profits as it once did, so the decline is caused by investors selling Bitcoin to invest in gold.
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January 29, 2019, 11:58:36 PM
 #414

Last week there was an article published saying that crypto investors are slowly turning to gold. I didn't read the article honestly so I don't know what do they call "investors". I don't call a crypto dude with $50 an investor btw. But look like a trend really started now and a looot of money is being injected in the market


Yes I know the article.  Its a consumer newspaper so I think they are talking about the people on the street because there is more of them it adds up.    Money is partly because people store value in it.    Business or whales are not as important as the mass of a population but people take more notice of a big business, partly because business will advertise its moves in various ways that is more certain then a trend change in a population

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January 30, 2019, 11:38:59 AM
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 #415

...

Last week there was an article published saying that crypto investors are slowly turning to gold. I didn't read the article honestly so I don't know what do they call "investors". I don't call a crypto dude with $50 an investor btw. But look like a trend really started now and a looot of money is being injected in the market


Interesting article I must say created skilfully and with the sole purpose of misleading, and causing confusion in the mind of bitcoins investors especially newbies. It’s comon sense they’re trying to trigger the herd mentality, and fomo effect in making people dump bitcoins for gold, but they failed when it came to you (bitcoin ninja). I feel this bubble of people shifting from bitcoins to gold is one big lie, and will soon burst and those who fell for it will regret it.

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fillippone
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January 30, 2019, 05:52:29 PM
 #416

Ah,
forgot to mention one BIG problem with gold investment.

Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold:   "Not your vault, not your Gold".

Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html

Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown




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markj113
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January 30, 2019, 07:22:10 PM
 #417

Ah,
forgot to mention one BIG problem with gold investment.

Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold:   "Not your vault, not your Gold".

Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html

Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown



Any reason why you cant safely store it somewhere in your control?
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January 30, 2019, 08:22:16 PM
Last edit: January 30, 2019, 11:38:51 PM by fillippone
 #418

Ah,
forgot to mention one BIG problem with gold investment.

Also there is a parallel with bitcoin:
Bitcoin:"Not your keys, not your Bitcoin".
Gold:   "Not your vault, not your Gold".

Your gold is closed in a bank, but they refuse to give it to you:
https://edition.cnn.com/2019/01/26/uk/venezuela-maduro-bank-of-england-gold-withdrawal-gbr-intl/index.html

Your gold is locked on a bank, but the bank decide to steal it:
https://www.bloomberg.com/news/articles/2019-01-30/venezuela-has-20-tons-of-gold-ready-to-ship-destination-unknown



Any reason why you cant safely store it somewhere in your control?

Storing gold is pretty easy to hide, but where? In your house? Where do you put it? In a safe? Come on...
Anyway the point is: when you trust someone to hold your Gold you think you still are the owner of such gold, while in reality you are not.
Same for bitcoin.

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January 30, 2019, 08:41:03 PM
 #419

Currently, the value of a dollar (for example) bill is an arbitrary value, which depends on the whim of the government. And the government can print money like a photocopier. There are no restrictions on how much money it can put into circulation.

The US dollar became a fiat currency after the abolition of gold collateral more than 46 years ago and has lost 97% of its value since the creation of the Fed in 1913.
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January 30, 2019, 08:44:45 PM
 #420

@fillippone

I see a little difference comparing it with Bitcoin. You may rent a vault, you paid for a service, the bank is not supposed to know what there is in. Banks don't size your gold, governments do. It's also the reason why people store their gold in countries where the governments can't size it like Belgium or Switzerland. You also have the certificate so if something happens it could be called a robbery

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