Re: Will people come back to gold

[syamster]

As I read in the economic news, the gold reserve rate of the states is increasing and they buy gold. In many countries it is known that people prefer physical gold as the most valuable investment and save gold. Personally, even though I prefer to invest in cryptocurrency, I think it would be very reasonable to invest in gold against a possible global economic crisis.

investing in gold is not something that is a secret. even though people do different businesses, whether it's cryptocurrency or other online businesses, I think people will still buy gold for their investments. well, you could say it was an investment that could be given from generation to generation.

No I am not sure about it because in this era most of people like to invest in crypto currency and make money with it, gold has become an old investment now and our money can rise beneficially with crypto currency as compare to gold, if you don’t take tension about the price but it is also danger to keep so much gold at your home, but crypto currency has wallet that is invisible and no one can know about how much you have in your wallet.

[semobo]

Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.

[Gaff]

As I read in the economic news, the gold reserve rate of the states is increasing and they buy gold. In many countries it is known that people prefer physical gold as the most valuable investment and save gold. Personally, even though I prefer to invest in cryptocurrency, I think it would be very reasonable to invest in gold against a possible global economic crisis.

investing in gold is not something that is a secret. even though people do different businesses, whether it's cryptocurrency or other online businesses, I think people will still buy gold for their investments. well, you could say it was an investment that could be given from generation to generation.

No I am not sure about it because in this era most of people like to invest in crypto currency and make money with it, gold has become an old investment now and our money can rise beneficially with crypto currency as compare to gold, if you don’t take tension about the price but it is also danger to keep so much gold at your home, but crypto currency has wallet that is invisible and no one can know about how much you have in your wallet.

Keeping physical asset is more riskier compared with stored crypto assets, because once there's a possible intrusion on your property you're vulnerable of being robbed forcibly. As people happened to be more educated about crypto, I think the desire and interests grew rapidly this time. There might be people who've been leaving for months due to price declination, but after several days when the market begun to become capable of another increasing trend; the people again reinvested to bitcoin. Although they've been fascinated for gold for so many years, it doesn't hinder them to become more focused on bitcoin so far.

[Finestream]

Gold has good value stability with the potential for higher price movements, but I don't think everyone will choose gold, because crypto also has good prospects in the future and because crypto is also a good choice.

Crypto has more value compared to gold especially with this positive market that keeps increasing its price.But i still believe that some of us here are still buying gold for additional investment other than crypto.There's no wrong with it because we are free to make any investments that will give us good profits not just today but even in the future too.

[awik p]

Gold has good value stability with the potential for higher price movements, but I don't think everyone will choose gold, because crypto also has good prospects in the future and because crypto is also a good choice.

Crypto has more value compared to gold especially with this positive market that keeps increasing its price.But i still believe that some of us here are still buying gold for additional investment other than crypto.There's no wrong with it because we are free to make any investments that will give us good profits not just today but even in the future too.

by investing crypto we can get multiple profits. even though it carries great risks. then they also invest in gold because of the small risk, because the fluctuations are small too. it is done for psychological balance

[Daniwahyu007]

gold is a very good and safe investment in value prices. I invest a little in gold because I see a good future

[Farma]

Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.

for those who are very fond of technology, I think the direction of their investment is in technology. those who invest in gold are those who may have achieved their success in a field, or want to use both of these as investment types. however, gold is an investment tool that is always considered.

[Nuxxorcoin]

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

[jspielberg]

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

What do you mean "dysfunctional metal"? One of the reasons why gold is keeping its value is exactly because IT IS functional metal, it has practical use. With all these new options of investing, one could think gold will lose value because it became less attractive compared to stocks and cryptocurrencies. However gold's price is relatively stable and safe investment because it has practical use. In the US, the amount of gold used in electronics is almost the same as in jewelry. And industry of electronics will only become bigger and bigger so demand for gold will increase over time.

[Whosdaddy]

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and it’s also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.

Just like you stated, bitcoin is actually more functional than Gold and it is also more accessible than Gold, which makes it more useful even now that it has not gotten that much relevance as much as gold does, so I believe that in future, it will be able to serve as the new digital  gold.

[indrakusumaindra]

Let's continue the topic here since it was an interesting discussion but as usual, the shitposters kill any discussion open.
(it's a self-moderated thread)

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.

The purchases of Gold by the central banks increased by over 70% last year. It's something that didn't happen since the '60s - '70s and the dissolution of the Bretton Woods agreements. The main reason is to get away from the dollar. Even Iran and its crypto will be backed by Gold for the same reason and to avoid the US sanctions. Even the ETFs increased by something like 200% last year

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold

Well i do believe there still many people think gold are the best investments. In my country gold are being use to avoid tax and they think gold is very liquid. Thats why i think ASIA is buying so many gold.

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Yes i do believe so but still people invest in gold cause it has a small fluctuation and safer than investing in cryptocurrency.

[Tervelatuk]

Still no people had the confidence to involve in something and make the value for everything so the gold is also like that if a person want to make their future then he definitely try to invest in gold but Bitcoin evolving situation will be given to invest Bitcoin Morgan gold that is the development of blockchain system.

for those who are very fond of technology, I think the direction of their investment is in technology. those who invest in gold are those who may have achieved their success in a field, or want to use both of these as investment types. however, gold is an investment tool that is always considered.

at this moment was be the trend for investment technology.since online business growth alot in the world cryptocurrency could support this busineess.but gold, as conventional investment always needed although it has no correlation with technology.

[deisik]

And industry of electronics will only become bigger and bigger so demand for gold will increase over time

That's not necessarily so

In simple terms, gold is not something which the industry of electronics cannot do without. It is not the best electrical conductor out there (silver is at room temperatures, with copper being most widely used), and while it definitely has some unique properties, the demand for it is quite elastic. Put differently, if the price of gold rises, it will be increasingly substituted with other elements and compounds (or just taken away completely by changes in design)

[Argoo]

People will always appreciate gold and invest in it. This has been done for millennia and will continue. It is a reliable and stable means of preserving value. Bitcoin and other decentralized cryptocurrency are not, since they have high price volatility. In cryptocurrency, you can earn money, but the reserve is best stored in gold.

[otong]

I do not know much about the gold-dollar relationship. But I'm interested in the maximum supply of gold. It is a finite resource and can get exhausted like most mineral resources.
Is there any duration period (or estimate) of when the total gold bars could be all mined globally, just as we have with bitcoins?
And how would exhaustion of the metal affect it's market value?

I think investment using gold has been going on for a long time even before the investment of crypto currencies even though it is an investment in nature and in my opinion investment in crypto currencies is an investment using current developments and technology

[prtty2gal2]

People will always appreciate gold and invest in it. This has been done for millennia and will continue. It is a reliable and stable means of preserving value. Bitcoin and other decentralized cryptocurrency are not, since they have high price volatility. In cryptocurrency, you can earn money, but the reserve is best stored in gold.

They both have different functions to me for now, although I believe strongly that a time will come that bitcoin will become so much useful and serves as digital gold for people who wishes to use it as reserve, but for now, I think bitcoin is better for investment because of its volatility as you said which I think this is what people need for now.

You can only talk of reserve when you have the money to hold down for a long time, but for now, let’s make money from bitcoin first and then we can talk of reserve later. Gold is still very much stable and is more reliable for store of value till bitcoin gets to that stage.

[Faxmate]

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

[Vaculin]

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

Yes. Bitcoin has more expensive value compared to gold nowadays. So people will crave more on bitcoin rather than collecting gold that is considered an old fashioned already. But i don't think collecting more gold today is a bad idea because it can still be a good form of investment and can still help us when other investment fails.

[Ozero]

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

Yes. Bitcoin has more expensive value compared to gold nowadays. So people will crave more on bitcoin rather than collecting gold that is considered an old fashioned already. But i don't think collecting more gold today is a bad idea because it can still be a good form of investment and can still help us when other investment fails.

No, I do not agree with such an opinion. Gold has always been and will always be a reliable repository of value. Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

[qwertyup23]

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold

From what I know, gold determines the value of a country's currency depending on the number of their respective reserves. People seem to compare bitcoin to gold but what makes them different is its innate value and accessibility.

No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.

Agree no one is now interested in gold because bitcoin has achieved the best investment title for everyone, we should have believe that moving with time is important so gold is old fashioned investment now. When you are travelling you can carry bitcoin with you but you can carry of get your needs with gold, so I think people still love only bitcoin

Bitcoin and gold investments are different and depend on your goal as an investor. One would argue that bitcoin may be better in terms of realizing short-term income and others would prefer purchasing gold instead. Diversify your portfolio by considering each depending on your need.