The Consensus is Clear: You Should Own Gold Now

[allthingsluxury]

With sentiment for the precious metals returning, outlook on prices turning bullish, and central banks piling on gold reserves, now is a great time to own the metals, according to panelists on the Ultimate Gold Panel.

Join Peter Hug, Frank Holmes, Peter Schiff, and Roy Sebag in part one of the panel discussion, hosted at the Vancouver Resource Investment Conference, and find out why the experts think the tide has turned in gold's favor.


Click here to watch this video and to read more:

https://goldsilvernews.blogspot.com/2019/02/the-consensus-is-clear-you-should-own.html

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[NeuroticFish]

With sentiment for the precious metals returning, outlook on prices turning bullish

From what I know, when this kind of news start to emerge it may be already too late to buy.
And it's usually bad to just jump in without studying the market, just because some "experts" say so.

The same story goes for anything one can invest into, including Bitcoin (which also looks like a good option for buying)

[awawo]

Gold is a stable commodity and at that so many investors fine it appealing due to the volatility of the cryptocurrency market if not crypto have been the first choice of investment before now. Gold will sale high now due to this present decline in the price of bitcoin and other cryptocurrencies but with time the market will recover and investors will run back to it. Its good to own the metal piece due to gold stability.

[masterzino]

If you have free resources, It's a bad idea at all to own some gold. In last month I read that Turkish Central Bank and Russian Central Bank both bought a record amounts of gold for 2018. While we can't compete at their levels, some gold as a emergency reserve is the perfect option for me.

[The Sceptical Chymist]

With sentiment for the precious metals returning, outlook on prices turning bullish

From what I know, when this kind of news start to emerge it may be already too late to buy.
And it's usually bad to just jump in without studying the market, just because some "experts" say so.

The same story goes for anything one can invest into, including Bitcoin (which also looks like a good option for buying)

I would agree with you, except this is gold we're talking about.  I've been reading the same hype about it since 1998--very little has changed in the script these people seem to be reading off of in 21 years. 

Gold did have a great run up until 2011, but it's been in decline ever since.  Yes, it's been higher in the last couple of weeks, but I'm not convinced that what we're seeing isn't a dead-cat bounce.  It certainly isn't too late to buy in if an upward trend is beginning, I'm pretty sure of that.

[legendster]

I don't get it, when was gold never the main mode of long term investment?

Regardless whether it is the rise in the value of platinum as a jewellery metal, a digital asset like bitcoin or even the mining of exotic solids like regolith, gold will always hold the prima sententia when it comes to precious metals.
Come to India, Bangladesh, Pakistan, Burma you'll find this mentality is almost engraved in stone. Yes, there may have been ups and downs in gold's value in the market but most of that is due to some geopolitical reasons. In my opinion, gold has never faded out of popularity and hence there is no question of any tide turning.

[1Referee]

I really do enjoy seeing how Gold bugs blindly try to shill their bags, which very much reminds me of what we see in the crypto space.

I once saw a discussion between a hardcore Gold fanatic and a journalist, where the fanatic pointed out how you can spend Gold in every store by first converting it to US dollars, and then spend the dollars, which makes zero sense. What it does is point out even more how useless Gold is as local currency for day to day transactions.

I can see some utility when it comes to large transactions settled with physical Gold, but that's about it.

[Crypdon]

Only people buying gold are those who aren't modern or smart enough to buy bitcoin. Someone tell them to sign up at coinbase, it's a simple exchange and even n00bs can buy a bitcoin or two

[BUK2016]

Well I see this as an avenue to seek for new investors in gold since much attention has been shifted to crypto currency. And whoever is trying to buy that idea you need to rational in your investment decision except if you are a long time holder.

[awik p]

besides the longer bullish trend, gold is also a safer investment, especially if we store it in physical form, of course it can be used as a multifunction, namely as jewelry and assets. on the other hand bitcoin is a potential asset, but indeed the risk level is greater, of course we have a picture of both

[traderethereum]

Only people buying gold are those who aren't modern or smart enough to buy bitcoin. Someone tell them to sign up at coinbase, it's a simple exchange and even n00bs can buy a bitcoin or two

Most people still referring to gold as the best investment and most of them don't know about bitcoin. But people who already know gold and bitcoin, he will buy both gold and bitcoin, and I am sure that he doesn't have any problem to buy both at the same time.

Besides that, gold will be rare, and the price will increase higher, and this makes people want to buy gold as much as they can. But on the other side, people have another option which is they can purchase bitcoin too for the next generation of the investment.

With the growth of the technology, people will learn, and they will found that there is a new investment type that will be available in online and offline and they can use it too for paying something for their daily life in the future.

[vintages]

I think Gold is one of the many stable investment that one should invest in. So even without any debate on it, I do buy it and keep on storing them. Just like Bitcoin, it will have a very long and vital role to play in the future to come; like during inflation.
Their best is yet to come; I'm not giving up on it any sooner.

[cfif123]

yes, I agree with this opinion, some of us here have bitcoin and my advice is to have gold to back up to do business and invest in my opinion so that if bitcoin goes down gold can raise you well

[Anies_Sandi]

if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits

[Hydrogen]

I wish we had more cases of real world application on issues like precious metals.

If people in venezuela had hoarded gold, would it help them to survive hyperinflation and economic ruin? A certain degree of infrastructure may be necessary for precious metals like gold to be utilized for buying and selling of merchandise. Some level of information and education must be available in terms of exchange rates and retailers having necessary merchant support.

Imagine hoarding gold in a post apocalyptic society where due to information loss, people no longer recognize the value of this rare yellow metal and deem it to be worthless.

I would like to hear a real life story of gold being useful under conditions relating to hyperinflation or economic ruin. Many claim precious metals have real world application under these conditions but as of yet I can't think of a single case where evidence supported this.

[markj113]

I really do enjoy seeing how Gold bugs blindly try to shill their bags, which very much reminds me of what we see in the crypto space.

I once saw a discussion between a hardcore Gold fanatic and a journalist, where the fanatic pointed out how you can spend Gold in every store by first converting it to US dollars, and then spend the dollars, which makes zero sense. What it does is point out even more how useless Gold is as local currency for day to day transactions.

I can see some utility when it comes to large transactions settled with physical Gold, but that's about it.

You can do this with Glint, links allocated gold holdings to a mastercard:
https://glintpay.com/

Traditional gold holdings are not for daily spend either, they are for long term preservation of wealth.

Only people buying gold are those who aren't modern or smart enough to buy bitcoin. Someone tell them to sign up at coinbase, it's a simple exchange and even n00bs can buy a bitcoin or two

I'm sure those that bought BTC near $19k are feeling really smart right now.  

Also with regards to being modern, most of the electronic world we have currently uses gold to function.

[niteroy]

I am afraid that these statements and articles are just another attempt to deal with Bitcoin and other cryptocurrencies. In fact, I see no reason to invest in gold and other metals in order to sponsor the current economic system. If you want to invest in the past buy gold, but if you want to invest in the future, then there is one option and this is Bitcoin.

[alyssa85]

I don't get it, when was gold never the main mode of long term investment?

Regardless whether it is the rise in the value of platinum as a jewellery metal, a digital asset like bitcoin or even the mining of exotic solids like regolith, gold will always hold the prima sententia when it comes to precious metals.
Come to India, Bangladesh, Pakistan, Burma you'll find this mentality is almost engraved in stone. Yes, there may have been ups and downs in gold's value in the market but most of that is due to some geopolitical reasons. In my opinion, gold has never faded out of popularity and hence there is no question of any tide turning.

From around 1982 to about 1999, the price of gold kept falling and falling. It reached as low as $272 in the year 2000.

Basically people only get into gold when they are afraid. When things are going great, they hold dollars.

[TitanGEL]

The value of gold is stable,  even if we do long term investment with golds; we still cannot make high returns due to its stable price. For me it is still better to make investment with cryptocurrencies even it has many risks.

[n0ne]

Gold is a big reserve, it always have a stable price, what you earn out of bitcoin and other cryptocurrencies even when the market is bearish can't be earned out of gold even when it is in the bullish run. People who have got lot of fiat to make an investment and wants to secure it without facing any risk could go with gold.

[coolcoinz]

I own some silver and find it underpriced at the moment, but gold isn't a bad choice. The problem I always face, and I believe most people are, is limited funds. Most of us can spar a certain amount of money a year like 10k USD and we have to choose between many available investments. Should I buy silver, gold, bitcoin, or maybe an altcoin. If I already have bitcoin should I get more or buy something else? I think that cryptocurrencies are becoming more popular and will have much bigger gains in the next 2-3 years than gold or silver.

[sheenshane]

Gold is a big reserve, it always have a stable price, what you earn out of bitcoin and other cryptocurrencies even when the market is bearish can't be earned out of gold even when it is in the bullish run. People who have got lot of fiat to make an investment and wants to secure it without facing any risk could go with gold.

You have a good point there, Owning gold is the best way for this era. This is very obvious now. Central banks are making currencies down
and it is only the gold which will have the price in the market sooner or later. But gold is considered as a long term investment and will be easily liquidated. Gold and bitcoins are the best investments for future purposes and I will guarantee it. Currencies will go down and people will try to hedge their money as well.

[cryptjh]

Gold are a great way to store wealth, and used for thousands of years, now most of the worlds gold are hold by centrals banks, investment groups and as wedding gift.
Gold are a great way to store value, but I prefer to hold Bitcoins and  other crypto's. Bitcoins can easily be sold or be transported crossed the world within a few moments, gold are not that easy to sell and transport.

[magneto]

I would certainly diversify into gold as sort of a long term hedge, or when a short term bull market may be emerging.

And right now, I think that a bull market may be coming given the fact that its bear phase of the cycle has been on for so long as precious metals prices seem to be stabilising and bottoming. I'd definitely be diversifying my portfolio into some low premium physical precious metals for the long run, or paper metals (for short term trading).

Though I completely disagree with a lot of the gold bugs and their attitude and ignorance towards what is a fair judgment. The narrative has always been that gold will always go up no matter what, with no regard to market cycles or short term price movements, leading to a lot of people that believe them blindly losing out. I'm not saying that this article is wrong in this way, but I do think that in the long run, we may see bitcoin and other decentralised cryptos being more and more accepted as a means of storing value compared to gold - which means that you shouldn't always blindly invest.

[BitcoinFani]

I like this video, thank you so much, Gold will always be the most valuable source in the world. Countries can print as much gold as they own. real riches are measured by the amount of gold. Me and my family are investing in golds.
Gold never drops value

[richminded]

if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits

I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.

[Dreamchaser21]

if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits

I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.

Exactly, we can invest on both gold an cryptocurrency which I still more prefer. I can’t leave cryptomarket right now because I see big opportunities here and I believe it can give more profit than to invest on gold. I do buy physical gold for my own satisfaction.

[susila_bai]

if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits

I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.

Exactly, we can invest on both gold an cryptocurrency which I still more prefer. I can’t leave cryptomarket right now because I see big opportunities here and I believe it can give more profit than to invest on gold. I do buy physical gold for my own satisfaction.

This is the good way of investment because if you spread and invest then risk factor become less. Gold has its own value and its value wont decrease soon, in crypto right now the market is down for long time so it is a good time to invest as if any big news will raise bring the market. So investing in both is always a good option rather then invest fully in gold or crypto and take risk.

[TimeTeller]

if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits

I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.

Exactly, we can invest on both gold an cryptocurrency which I still more prefer. I can’t leave cryptomarket right now because I see big opportunities here and I believe it can give more profit than to invest on gold. I do buy physical gold for my own satisfaction.

This is the good way of investment because if you spread and invest then risk factor become less. Gold has its own value and its value wont decrease soon, in crypto right now the market is down for long time so it is a good time to invest as if any big news will raise bring the market. So investing in both is always a good option rather then invest fully in gold or crypto and take risk.

As the old saying goes - "Never put all your eggs in one basket".
But only invest in crypto if you know its market and how to deal with it.
I know many people are investing blindly in crypto and when their investments lost its value, they curse crypto as if they were cheated.
And nobody can beat the old timer - gold of course. Rain or shine, you have your tangible asset. It will never fail you.

[Naida_BR]

Gold is a low-risk investment and it is always a good time to hold it. Especially when there are economic ups and downs (which I think that we are on the verge of an economic downturn). My question is why shouldn't we hodl digital gold instead of simple gold.

Bitcoin has the same usage as real gold with one added feature where it may give higher returns in the future!

[kaya11]

Hope they are right, I already owned some golds including accessories and jewelries so if the price goes ups, I would sell them to buy bitcoin again. Well I bought the gold way back 2016 so it better pay me off now.

[Theb]

I never doubted that the prices for gold will recover I mean all the signs are there from federal reserves not panicking to them still adding up their volume for gold all of them are not selling but buying even if the prices are going up. It only tells us that they are not worried for the current prices but instead taking advantage of it. If Gold finally recovers this will boost any country's economy who took advantage of a great opportunity.

[markstivn98]

Those who own money are better off buying and storing gold.
As you save your money in the portfolios and benefit from them.
You can also benefit from the storage of gold.
 So better than money bills.

[Apes]

choose gold as an investment like a savings. different from investing in crypto. if we compare the price of gold and crypto is much different. gold prices tend to be stable. but crypto prices are always volatile as investors have the advantage if crypto prices soar. both of these investments are equally beneficial to choose which one is better suited to needs.

[millgates]

Own gold is good since long time ago, even if people don't thrust paper money anymore than gold has big chance to replace paper money. Facts proves that hyperinflation is a common problem with paper money which is not guaranteed by gold, silver and other valuables. Gold to be resistance to inflation and its value tends to rise in the long run. Actually most of countries silently hoard gold.

[coinplus]

Gold usually goes up when economy is bad and economy has been bad for a long time but it also changes from country to country.
For example, a third world country like Venezuela having economical problems doesn't really reflect on gold prices that much however a country like USA gets affected economically would yield a great increase in gold prices since people would rather own gold than stocks on bad market. So, buying gold depends on one thing, if you think a big country like USA or UK or whatever will have a bad economical year or not.

If you look at 2018 you can see that market has already crashed a lot, if you wanted to buy gold you should have done that early 2018, right now it looks like it will recover and gold doesn't seem like a good deal anymore.

[GunsLair]

People choose gold because it is a stable investment that doesn't depend on stocks and protects purchasing power over a long period. Gold is recognized by people as a valuable asset and it has always been and will be a profitable investment.

[South Park]

Gold is a low-risk investment and it is always a good time to hold it. Especially when there are economic ups and downs (which I think that we are on the verge of an economic downturn). My question is why shouldn't we hodl digital gold instead of simple gold.

Bitcoin has the same usage as real gold with one added feature where it may give higher returns in the future!

You can hold whatever you want, holding bitcoin, gold or both are good options, it is just that people have different preferences, gold has been trusted for thousands of years but I do not want to hold gold for decades to get the profits I am looking for, besides holding gold could be made illegal and moving gold can be difficult, while moving bitcoin or any other cryptocurrency can be as easy as just remembering your seed words and you carry nothing with you that could indicate that you are holding cryptocurrencies.

[peonminer]

Gold is a great place to store fiat that you do not want to hold in fiat while it loses value. Gold can be a great hedge to the USD or BTC. I would not hold 100% gold though for investment purposes. It barely fluctuates in price and doesn't pay any dividends.

[shesheboy]

Gold is a big reserve, it always have a stable price, what you earn out of bitcoin and other cryptocurrencies even when the market is bearish can't be earned out of gold even when it is in the bullish run. People who have got lot of fiat to make an investment and wants to secure it without facing any risk could go with gold.

You have a good point there, Owning gold is the best way for this era. This is very obvious now. Central banks are making currencies down
and it is only the gold which will have the price in the market sooner or later. But gold is considered as a long term investment and will be easily liquidated. Gold and bitcoins are the best investments for future purposes and I will guarantee it. Currencies will go down and people will try to hedge their money as well.

we are now in the future . in this kind of era crypto  is more suitable because crypto is new and advance while gold is kinda bit old  . and why are so saying that central banks is making the currencies down ? you mean they dump the crypto ? well the dump is normal and not bothering at all  .  or you mean they dump the local currencies/fiats  ?  fiats wont be dump hard but if ever they got dump they can still recover  .  gold value can always decline if fiats and cryptos decline  , thats what i believe to happen  .

[creeps]

if I myself do not have to choose gold because crypto is still promising now even though the market is down, this year there will be many people who will get big profits

I still don’t see any rush to buy bitcoin right now because i’m still contented on my earnings here in cryptomarket. The Gold may continue to increase in value but I also believe that cryptocurrency will also grow especially with bitcoin price. Anyway, we can actually buy gold and cryptos so better to do it both that to give up one thing to invest to other option.

Better diversified investment, bitcoin and gold are both a strong investment that can be more profitable. There is really no rush on buying gold because its price is not moving that much compare to cryptocurrency. IMO, i would rather buy more bitcoin than gold because I don't see any function of gold aside from the jewelries, so for me its more worth it to buy coins, with a real function in the real world.

[angel55]

Gold isn't increasing much but it hasn't crashed anywhere close to the amount bitcoin has.   Most bitcoin investors I know also buy gold to hedge their investments.  Its never smart to put all your eggs in one basket.

[LeGaulois]

Better diversified investment, bitcoin and gold are both a strong investment that can be more profitable. There is really no rush on buying gold because its price is not moving that much compare to cryptocurrency. IMO, i would rather buy more bitcoin than gold because I don't see any function of gold aside from the jewelries, so for me its more worth it to buy coins, with a real function in the real world.

Bitcoin a "strong investment" oh really? $20,000 +12 months ago and $4,000 today, so strong, you say it!
People are not really considering gold as an investment. I mean people who are used to buy/sell. They aren't looking to make a profit from it they just want to put in place their funds in something reliable and keep it safe from inflation.
If you don't see any other "function" than jewelry it's just because you don't know enough about it to talk

[Febo]

With sentiment for the precious metals returning, outlook on prices turning bullish, and central banks piling on gold reserves, now is a great time to own the metals, according to panelists on the Ultimate Gold Panel.

Join Peter Hug, Frank Holmes, Peter Schiff, and Roy Sebag in part one of the panel discussion, hosted at the Vancouver Resource Investment Conference, and find out why the experts think the tide has turned in gold's favor.

Countries and investors are just trusting USD as world currency less and less so they need to diversify into something. What they will diversify in? For sure not Bitcoin. Yes investors maybe a bit but not countries. Bitcoin is way to insignificant for them. They can invest into CNY as a predicted new world currency and gold. And they do it.

[Mometaskers]

Gold's price is slowly decreasing so I don't know what those people are talking about. One thing going for gold however is that it's not volatile. Just don't expect to make a profit out of it.

[wendiar19]

Gold's price is slowly decreasing so I don't know what those people are talking about. One thing going for gold however is that it's not volatile. Just don't expect to make a profit out of it.

some people don't know that gold price movements are slower than new cryptocurrency and gold price movements can benefit when you use very much trading capital, if your capital is small then it will be very difficult to be able to make a profit.

[jeromix]

Gold's price is slowly decreasing so I don't know what those people are talking about. One thing going for gold however is that it's not volatile. Just don't expect to make a profit out of it.

How come gold's price is slowly decreasing when from time to time the demand constantly rising? We all know that the gold supply is limited so this is where the limited supply could raise up its market price of huge demands. I guess there were just some fake news about the decrease of gold's market price. Gold has proven its market price increase from the last few years.

[Kimonoe]

Gold's price is slowly decreasing so I don't know what those people are talking about. One thing going for gold however is that it's not volatile. Just don't expect to make a profit out of it.

some people don't know that gold price movements are slower than new cryptocurrency and gold price movements can benefit when you use very much trading capital, if your capital is small then it will be very difficult to be able to make a profit.

each investment has its own nature, even though gold has no large movements, but gold is the safest to use as an investment tool, because everyone must believe in gold

[iMark]

Gold isn't increasing much but it hasn't crashed anywhere close to the amount bitcoin has.   Most bitcoin investors I know also buy gold to hedge their investments.  Its never smart to put all your eggs in one basket.

I think many of you find it difficult to digest the contents of this thread, that the land in the world is already owned by an individual or group of companies (consensus), of course gold mining will be owned by the holder of the land, before it's too late if you buy as much gold as possible

[Crypdon]

Maduro knows the pitfalls of using gold as a store of value If there are any other corrupt leaders following those events they will probably be dumping their gold right now and switching to bitcoin!

[MelodicPop]

I would if it was affordable.

[Bijikopi]

If you have free resources, It's a bad idea at all to own some gold. In last month I read that Turkish Central Bank and Russian Central Bank both bought a record amounts of gold for 2018. While we can't compete at their levels, some gold as a emergency reserve is the perfect option for me.

the best investment of all time is gold, it cannot be denied, but the development of the digital era, savings in gold is the last alternative we save money. in big cities or in developed countries, maybe the investment that is being enjoyed is crypto, because of the advantages offered, so if you are able to invest in both, we save in gold but we also invest in crypto. that is the best.

[whiteblue]

If you have free resources, It's a bad idea at all to own some gold. In last month I read that Turkish Central Bank and Russian Central Bank both bought a record amounts of gold for 2018. While we can't compete at their levels, some gold as a emergency reserve is the perfect option for me.

the best investment of all time is gold, it cannot be denied, but the development of the digital era, savings in gold is the last alternative we save money. in big cities or in developed countries, maybe the investment that is being enjoyed is crypto, because of the advantages offered, so if you are able to invest in both, we save in gold but we also invest in crypto. that is the best.

I think that is because gold already existed from the time it was lost and gold is the most expensive asset produced from the earth and it is very difficult to find gold so it is only natural that gold is the best investment place because gold already exists and is something very valuable since before you were born.

[awik p]

If you have free resources, It's a bad idea at all to own some gold. In last month I read that Turkish Central Bank and Russian Central Bank both bought a record amounts of gold for 2018. While we can't compete at their levels, some gold as a emergency reserve is the perfect option for me.

the best investment of all time is gold, it cannot be denied, but the development of the digital era, savings in gold is the last alternative we save money. in big cities or in developed countries, maybe the investment that is being enjoyed is crypto, because of the advantages offered, so if you are able to invest in both, we save in gold but we also invest in crypto. that is the best.

I think that is because gold already existed from the time it was lost and gold is the most expensive asset produced from the earth and it is very difficult to find gold so it is only natural that gold is the best investment place because gold already exists and is something very valuable since before you were born.

besides that I think because gold already has the trust of the entire community, even though the supply is infinite but it is people's trust that makes the price of gold rise

[nasipadang]

This might be too late if you buy gold, sometimes news like this appears to emphasize more where new people come with big demand for gold. Actually to buy gold in people is generally done to avoid inflation from their money that is not used temporarily, and after I read it indeed it was natural for me to do it myself.