Gold bubble and Economic situation more what to expect

[Ucy]

Very Interesting one.
I think I agree! Better to start stockpiling lots of useful information than stockpiling the other. Gold will probably be used mostly as store value while Bitcoin Blockchain or decentralization would be useful for information, knowledge,  and used as currency/store of value in very difficult time.

[bitcoinst]

There is no such safe place where you could keep your assets without fear that they might depreciate.
Gold at least has a physical nature and is a rare precious metal, which in turn makes it very valuable to people.
Also, any physically useful assets that have, as I said, physical referents in the real world, will be just those saving things for your current assets in times of crisis or global catastrophe.

unfortunate what you say is very true because everything has risks but when you really want to save an asset it is better to have a physical form like gold which in my opinion is still very safe for long-term investment and gold is the safest asset because it is not need electricity or anything to make a transaction.

Yes, that’s the harsh reality. However, all we are saying is just an assumption; we don’t know how the world and the world market will actually behave during periods of such depressions,
because every time something new happens. I do not think that gold is the most ideal saving asset for investment, but this is definitely not the worst option.

[Baoo]

Your best safe heaven is knowledge and information.

In my opinion, knowledge is more essential than wealth, you may be rich , but what if a bad accident occurs and then you become   penniless ? , at that money what are you going to do without knowledge? absolutely nothing.
With knowledge you can make any dream true or real, and  you can achieve any goal. It is an absolute power, and it helps in order for taking a shortcut way for the success with a less effort. Your mind is definitely free, use it in a good way and not like the others who are trying so hard to scam people.

[mersal]

Very Interesting one.
I think I agree! Better to start stockpiling lots of useful information than stockpiling the other. Gold will probably be used mostly as store value while Bitcoin Blockchain or decentralization would be useful for information, knowledge,  and used as currency/store of value in very difficult time.

Bitcoin should be used as medium of transaction and it can be easily compared to gold which can be used as storage of value alone.What you mean by we have to use for knowledge and information,only for study and learning purpose?

If that's the case I don't think it should be like that.

[tbterryboy]

There are hardly any assets/stocks/currency that can be considered as safe haven, they can all pop at anytime. Nothing goes up forever, it will reach a level where it will fall back to a low level and that’s it. So, it’s up to investors to know when is the right time buy and hold an asset, and the right time they should start selling it. I have even seen people that claims Bitcoin is a safe haven, I don’t really know what to say to such people, but everyone and their choice.

Bitcoin is highly and compared to gold I would say that gold is more of a safe haven since it is stable. Bitcoin is more risky and it should be based on whether you’re able to take the risk.

[Captain Corporate]

 Also blockchain has a bit more transparency than gold. Sure you can't ever know who owns what exactly, and there are a million ways to hide your wealth etc etc, but the reality is a person can buy a billion dollars worth of gold and put it in a vault and keep it there whereas when you buy a billion dollars worth of bitcoin there is always a trace in blockchain for it, no matter how much you mix it no matter how many different wallets you send it, people will know where that money is. That is probably the biggest difference because rich people can't do whatever the hell they want and keep it under the rug, when a rich person fires people or drops the salary or even keeps the salary same with excuses like they are not making enough profit but their bitcoin wallet has hundreds of millions of dollars everyone would know they are lying. So transparency when it comes to money is a huge huge benefit to poorer people and a big damage to richer people.

[Broly46]

This is what paper gold does , whopping 542 ounces in potential paper claims to every ounces of physical gold.

This is what paper gold does , whopping 542 ounces in potential paper claims to every ounces of physical gold.

This is what paper gold does , whopping 542 ounces in potential paper claims to every ounces of physical gold.

I would write it three times, because nobody want to read the title and they just want to leave a comment without going through wall of text.

[Polo7]

In my opinion the gold Price is just manipulated.
Gold Can't Stay too Long like this!

[Arkann]

 Also blockchain has a bit more transparency than gold. Sure you can't ever know who owns what exactly, and there are a million ways to hide your wealth etc etc, but the reality is a person can buy a billion dollars worth of gold and put it in a vault and keep it there whereas when you buy a billion dollars worth of bitcoin there is always a trace in blockchain for it, no matter how much you mix it no matter how many different wallets you send it, people will know where that money is. That is probably the biggest difference because rich people can't do whatever the hell they want and keep it under the rug, when a rich person fires people or drops the salary or even keeps the salary same with excuses like they are not making enough profit but their bitcoin wallet has hundreds of millions of dollars everyone would know they are lying. So transparency when it comes to money is a huge huge benefit to poorer people and a big damage to richer people.

Undoubtedly, you have a very good opinion and I completely agree with your statement regarding the difference between bitcoin and gold.  But today you need to take into account the real physical value of gold and bitcoin, as well as their stability.  I’m saying that no one disputes the value of gold and it will not decrease under any circumstances 1000 times, but the situation with Bitcoin is completely different.

[FanatMonet]

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

I think that on the contrary, gold has much better security for the money invested than Bitcoin, not to mention other cryptocurrencies. Gold has shown more or less stable performance over a long time, but BTC may rise to 20,000, and then fall to 3,500.

[awik p]

People asking me is the Gold really safe heaven? 
My answer is, Gold is not safe heaven even bitcoin is not safe heaven!! 

I think that on the contrary, gold has much better security for the money invested than Bitcoin, not to mention other cryptocurrencies. Gold has shown more or less stable performance over a long time, but BTC may rise to 20,000, and then fall to 3,500.

this is because of the trust factor, when the bitcoin trend is bullish, it will be able to soar very high, then it can also go down very deep. different from gold, which has fluctuations that tend to be more stable, and I think for the security of funds, gold is superior, because it is recognized by everyone

[Polo7]

Gold is scam!!!
Btc is scam!!!
Even oil is scam!!!

Best and non scam Investment is Real Estate!!

That's how it is!!

[deisik]

Your best safe heaven is knowledge and information.

Indeed it is knowledge and information

But this is just another level of generalization and abstraction. In this case, the knowledge and information about when the gold bubble is going to pop or whether there is a gold bubble in the first place at all will help help you make an informed and balanced decision, for example, to sell your gold if it is indeed a bubble or, on the contrary, to buy more of it if it is not. The point is, telling that knowledge and information are the key to safe heaven is essentially telling nothing as it always comes down to obtaining correct information and possessing deep knowledge about something

[Broly46]

TBH I’m fairly happy with the precious metal I acquired months ago, gold might be dumping and I’m having loss profit, but comparing to the investors who’s trading the DOW and facing wild correction, having green colour in your portfolio seem to be the only god sent gift in your life.

[Polo7]

If we talk about investment then real estate is best

[semobo]

If we talk about investment then real estate is best

Depends on your origin but I will say this is not the best.Most countries facing economic slow down which also impacts the real estate investments as well.

And for your question in OP now you got the answer now,most people moves to golf when corona crashes every other market so it is really safe heaven for now.

[Yatsan]

TBH I’m fairly happy with the precious metal I acquired months ago, gold might be dumping and I’m having loss profit, but comparing to the investors who’s trading the DOW and facing wild correction,

I don't intend to discourage you buying precious metals like gold but doesn't it affect your view on it since the cryptocurrencies are considered to be the most new and anticipated economic class today? Gold price is noticeably high but is dumping for the past months on which I can say that gold's value is weakening and cryptocurrencies are getting the real deal although bitcoin dumped for about 12% in 2 weeks after getting hit by 10K range. I remember a video that I i've watched long time ago that China is keeping and storing gold to gain the strongest economy from the U.S.A, I guess it is the time to believe on that one since oil production is getting low.

having green colour in your portfolio seem to be the only god sent gift in your life.

Green green grass of home lol. It is not only in the green trees that you'll get a relaxing eye view but also in green portfolio, so true.