julius caesar
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February 22, 2020, 05:35:31 AM |
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Is there a possibility that can dollar beat the value of gold?
Dollar and gold is different to each other. Dollar is mainly used for us to be able to transact. The value of it is continuously changing because of the number of supply of it. Gold is much more stable than dollar since it is not included in the transaction that we have plus the fact that the production of gold is much more slower than dollar. Meaning, it is impossible for dollar to beaten up gold in terms of value.
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deisik
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February 22, 2020, 08:32:09 AM |
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Meaning, it is impossible for dollar to beaten up gold in terms of value This is not necessarily true in all cases, dollar-wise or otherwise Gold can lose its value irrespective of the value of fiat currencies which it is priced in. There are many reasons for this, and it does happen as well as happened in the past. If history teaches us anything, gold lost most of its value in the 14th and 16th centuries. In the first case, it was the Black Death pandemics which decimated Europe's population, with the effect being that gold had become abundant even if its total amount remained essentially the same And the second time it was Inca gold that had flooded Europe in the 16th century, which led to its massive devaluation now specifically due to increased supply. Indeed, these cases are extreme examples, but they do show us that gold is not somehow exempt from the basic supply and demand laws, with the implication being that the value of gold is not set in stone (I sense the pun here) or can only increase with time. This is definitely not so
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Wintersoldier
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February 22, 2020, 02:00:07 PM |
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Is there a possibility that can dollar beat the value of gold?
Why people always compare other currencies to precious metals like gold and silver? Precious metals like gold can't compete with USD because they have a huge difference that USD is used for daily expenses that you could exchange it for goods with it, while gold can be used in many things such as equipments, statues, jewelry, and investments.
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Scotslass
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February 22, 2020, 07:36:13 PM |
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Is there a possibility that can dollar beat the value of gold?
Why people always compare other currencies to precious metals like gold and silver? Precious metals like gold can't compete with USD because they have a huge difference that USD is used for daily expenses that you could exchange it for goods with it, while gold can be used in many things such as equipments, statues, jewelry, and investments. So their value is hardly comparable, I agree. Value of Usd is higher due to its usability, but gold is not a currency really so how can one compare them anyway
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micallco
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February 23, 2020, 10:20:35 AM |
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I don't think so. Dollar doesn't have such stability as gold. Since gold is used all over the world, and the dollar, although it is a widely used currency, it still loses gold. I don't think that the dollar has an advantage comparing with gold.
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tvplus006
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February 23, 2020, 01:48:35 PM |
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So their value is hardly comparable, I agree. Value of Usd is higher due to its usability, but gold is not a currency really so how can one compare them anyway
We all know that the dollar is subject to inflation, which is 2-3% per year. But there is no inflation in gold. And we see that the value of gold is constantly growing in dollars. Therefore, if there is such a possibility, you need to keep part of your savings in gold.
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FanEagle
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February 23, 2020, 07:25:07 PM |
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I can sort of understand those situations and why gold lost its value but right now gold is not used for coins anymore and it is used for other stuff plus it is mainly an investment. There is no more black plague level of threat to humanity and even if there was the world is not bigger and more connected, so if something happens in China like corona, everyone else knows about it in the world and takes care of that before it spreads so it doesn't become black plague level of thing.
I doubt we will ever find a huge amount of gold anywhere that will drop its level on earth anymore neither. The only possible thing that could ever happen is if we master asteroid mining and get gold on some other system and bring it back to earth and that is easily decades more for something like that.
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Broly46
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February 24, 2020, 03:28:19 PM |
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It’s very wrong to tell people to allocate 10% into gold. We should tell people to allocate all their money include the future money also their entire disposable asset into gold, that’s right, 101% into gold! But we would still have people to constantly telling kids to allocate as little as 10% into gold.
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Self hating nerd that want to escape from reality into the cyberpunk.
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coingecko
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February 24, 2020, 04:39:28 PM |
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For the past 14 days, it looks like Gold has been performing quite well. Doing slightly well in relative to Bitcoin according to Bitcoin vs Gold chartpossibly due to the coronavirus scare with investors reallocating capital to gold as a mainstream safe haven
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awik p
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February 25, 2020, 03:27:04 AM |
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For the past 14 days, it looks like Gold has been performing quite well. Doing slightly well in relative to Bitcoin according to Bitcoin vs Gold chartpossibly due to the coronavirus scare with investors reallocating capital to gold as a mainstream safe haven indeed we can see the gold chart rallying, even now it seems to continue to increase. ap [Alagi, we know that Korean news is a corona nest too, so that many people will secure their property and apply to all countries, even though bitcoin has also gained appreciation since the beginning of the year, although the increase is not as good as gold
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Barbut
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February 25, 2020, 04:55:47 AM |
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To put it like this, the U.S. government can decide to print more dollars whenever they want, it's messing with supply. Gold has a limited supply and the cost of getting the gold is getting higher, it's deeper every time. Long story short in the long run we can assume that the value of the dollar will decline (what could you afford for $1 20 years ago), and the value of gold will increase (and it does over time, gold has steady growth over the past years). Nothing will change here, the dollar will continue to lose value and gold will continue with a steady rise.
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Yatsan
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February 25, 2020, 05:00:16 AM |
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To put it like this, the U.S. government can decide to print more dollars whenever they want, it's messing with supply. Gold has a limited supply and the cost of getting the gold is getting higher, it's deeper every time. Long story short in the long run we can assume that the value of the dollar will decline (what could you afford for $1 20 years ago), and the value of gold will increase (and it does over time, gold has steady growth over the past years). Nothing will change here, the dollar will continue to lose value and gold will continue with a steady rise.
This one summarize it all, It's just a basic supply and demand law. Product that have limited supply will have unlimited demand however, products that have unlimited supply overtime it's demand will slowly go down. Dollar vs Gold is just like Bitcoin vs Dollar. Bitcoin price is going up as time passes by because, it has a limited supply but then, the dollar value is continuously going down because of it's unlimited supply.
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Dhoe
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February 25, 2020, 08:07:28 AM |
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Is there a possibility that can dollar beat the value of gold?
I think no, gold will still be better than USD, gold will always be above the USD because gold has never experienced inflation or lost its value. While the USD will occur inflation and loss in value. So if you want to invest, my advice is to choose gold as your investment
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bearexin
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February 25, 2020, 08:04:09 PM |
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I don’t see that happening anytime. Gold is the world’s store of value and it has been beating the US dollars for more than fifty years now. Gold is a big thing and is among the precious stones that are well valued by people around the world. And we all know for sure that gold has a history of retaining it’s value, it’s not like Bitcoin that is volatile and fluctuates up and down a lot, it is well stable.
So, I don’t see the possibility of the USD overtaking gold when it comes to value, it can’t even overtake Bitcoin not to talk of Gold. Gold will always be topping the USD.
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