What do you think of gold price in long term?

[ChiNgadOr]

I think we should have both, fiat money or gold. Because we don't know what will happen in the future. It could be that gold will be more salable in the future. But, I don't know.

The price of gold is always high, and maybe the price will always go up in the future.

I see all these as a joke, some countries moving from using usd to using gold. I hope they all know that gold is very volatile and holding a volatile valuable like gold can be very risky. The market cam be manipulated and things will get worse and worse many things uneasy. I will still stick with usd. I matter what many countries think about holding it as a means of exchange. Instead of holding gold for exchange I will prefer using Bitcoin which has better days ahead. I think this practice may not stay too long.

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[Minecache]

In my opinion, gold might see one of two long-term changes: it could increase by $30,000 or decrease to $50 or $100 per ounce. On the other hand, if we experience another severe slump in the long term—say, let's 8 years—gold prices may decline. It is based on supply and demand, though. Therefore, I doubt there will be any left to sell in 8 years, gold will be valuable, which should raise prices rather than lower them.

Although many people say that gold has no aggregate supply, which is true, it is also difficult and expensive to mine gold so it is unlikely that gold will decline in price over time. Gold as well as bitcoin will always increase in price in the long run but will be much more stable than bitcoin. Currently, the gold price is also falling due to the impact of the economic crisis and the appreciation of the US dollar also causes the price of gold to decrease. But the countries are collecting gold in huge amounts, once everything is back to normal, gold will go up and my prediction will be at least x2 from here. I strongly believe that in the future, gold will remain a sought-after and top-of-mind commodity.

[Iranus]

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Countries hoarding gold is probably speculating also whether we are really going back to gold back currency soon.

Although the USD is dominating the world monetary system, the world monetary system has experienced a number of collapses before so the possibility of another collapse is possible, nothing is impossible.

When I read the news about countries hoarding gold, I also think that there will be a very terrible crisis coming or some kind of collapse in the future. If the monetary system collapses, gold will be the most valuable asset, and previously gold was also used as the currency of the world. Maybe gold or maybe a new asset will be chosen as the new currency. Bitcoin?

[Yatsan]

Chances are high that its market value will continue to increase as years go by but it won't be as fast as other assets. So if you prefer long term investment then gold will be a good asset to have in the future, but if there are many choices to choose from.

I think we should have both, fiat money or gold. Because we don't know what will happen in the future. It could be that gold will be more salable in the future. But, I don't know.

The price of gold is always high, and maybe the price will always go up in the future.

I see all these as a joke, some countries moving from using usd to using gold. I hope they all know that gold is very volatile and holding a volatile valuable like gold can be very risky. The market cam be manipulated and things will get worse and worse many things uneasy. I will still stick with usd. I matter what many countries think about holding it as a means of exchange. Instead of holding gold for exchange I will prefer using Bitcoin which has better days ahead. I think this practice may not stay too long.

Volatile indeed but carefully observe how small its price move. Its market value does not move as fast as oil (for example); it increases in an instant but falls down again after a while which would probably worry an investor more. Peace of mind as an asset will be to gold and other stock market assets, no doubt. Bitcoin is quite of a different asset; more risky. One reason why is its too volatile market value but I cannot deny how profitable it is as an asset. But unlike Gold, this industry still is on the process of adaption from many countries.

[Ozero]

I think that the time of gold has passed long ago and it is no longer necessary to use it as an investment tool. As in the example I quoted, I do not find it right for central banks to invest in gold anymore. They must keep up with innovations. Even when we look at it as a boiler, gold could not exceed a certain rate. I don't see people around me investing in gold. Everyone is looking for innovation and more profit now. You can say that gold is a guaranteed investment, but at what rate will it be able to withstand inflation?

Despite the pessimism of some participants in this forum regarding gold, gold has been, is and will be a reliable value that somehow protects savings from inflation. Of course, with the advent of cryptocurrencies, the prospect of investing in gold has dimmed a bit. But cryptocurrencies and gold have their own advantages and disadvantages, so they may well find their place in the global financial system. At the state level, gold will remain almost at the same high level of popularity.

[sulendra12]

Most of the elderly people believe that gold is a great source of investment for long term especially so they can inherit the wealth to their kids in the future when they gone. I do invest on gold although not that much for that thought as well, having a backup of your finance is really great and gold is one of them because gold is one of the investment method that is actually profitable in long run and it will survive until the end.

Also huge 2% pump in just a day is quite nice for those holders on gold.

[AmoreJaz]

Most of the elderly people believe that gold is a great source of investment for long term especially so they can inherit the wealth to their kids in the future when they gone. I do invest on gold although not that much for that thought as well, having a backup of your finance is really great and gold is one of them because gold is one of the investment method that is actually profitable in long run and it will survive until the end.

Also huge 2% pump in just a day is quite nice for those holders on gold.

what i do like about gold is that this market has long been established since mankind exist on earth. it is one of the oldest precious metals that humans identified as valuable asset. and up until today, it is a valuable tangible asset that you can hold at any type of crisis. since the supply is getting scarcer everyday, its value will increase in the coming years. so for me, if you have the means, you can always buy and increase your gold holdings.

[KennyR]

Most of the elderly people believe that gold is a great source of investment for long term especially so they can inherit the wealth to their kids in the future when they gone. I do invest on gold although not that much for that thought as well, having a backup of your finance is really great and gold is one of them because gold is one of the investment method that is actually profitable in long run and it will survive until the end.

Also huge 2% pump in just a day is quite nice for those holders on gold.

Same as that we have cryptocurrency, it was gold during their days. Many have turned rich out of gold investment and that makes it a more trusted investment than other forms of investment. The growth is sure, but it won't give big profit same as we experience with cryptocurrencies.

It gets importance because of its wide acceptance. In emergency if we don't have money we can just provide it as collateral and receive money all around the world.

[woez]

I would say that it should be a small percentage for most people. Right now is a great time to own gold, but stocks are still the best long-term investment for most of us.

It doesn't seem like a bad idea to have some gold in your portfolio, but the question we really have to ask is what percentage of our total portfolio should be invested in gold?

[pooya87]

but the question we really have to ask is what percentage of our total portfolio should be invested in gold?

It depends on the situation, in my experience.

One situation is if you are facing high inflation, gold could be a good investment. For example about 3 or 4 years ago our national currency tanked and during that year gold price went to the moon making it an excellent investment. Conversely over the past year our fiat exchange rate has been pretty much stable which means gold price chart looks exactly like the global one against USD which makes it a less favorable option specially because of its dump.

Another situation is what I explained in OP. A global crisis and if countries start moving towards amassing more and more gold in their reserves. I'm just speculating here but I see some evidence of countries moving towards that already.

[kapalmabur]

Most of the elderly people believe that gold is a great source of investment for long term especially so they can inherit the wealth to their kids in the future when they gone. I do invest on gold although not that much for that thought as well, having a backup of your finance is really great and gold is one of them because gold is one of the investment method that is actually profitable in long run and it will survive until the end.

Also huge 2% pump in just a day is quite nice for those holders on gold.

Same as that we have cryptocurrency, it was gold during their days. Many have turned rich out of gold investment and that makes it a more trusted investment than other forms of investment. The growth is sure, but it won't give big profit same as we experience with cryptocurrencies.

It gets importance because of its wide acceptance. In emergency if we don't have money we can just provide it as collateral and receive money all around the world.

Investments, whether in the form of gold or cryptocurrencies, are both profitable and have different risks,
basically everyone has their own preferences in terms of investing,
indeed, when compared to crypto, gold investment is still a safer investment

[BlackHatCoiner]

Reasons why I wouldn't invest into gold:

• It hasn't acted as a hedge against inflation ten years now, as rightly pointed out by odolvlobo.
• We have bitcoin, that can work better than gold in terms of transaction cost, confiscation, transparency, verifiability and portability.
• Nasa has captured an asteroid which, if brought to Earth somehow, can nullify gold's price: https://robbreport.com/lifestyle/news/rare-psyche-asteroid-worth-way-more-than-the-global-economy-1234577976/

[Flexystar]

As fiat currencies dump, some countries are moving towards increasing the amount of gold they have in their reserves. More specifically some of them are dumping US dollar to replace it with gold. For example India recently bought 200 tonne of gold and there is rumors of more conversions happening. China has been doing something similar under the radar. So are others.

However, we haven't seen any significant changes in gold price yet to approve the above news.

I'm wondering what does everyone think about gold price in the long term, specially in coming year or two as the conflicts get worse and more economies crash which would push regular people to invest in gold and more governments to start increasing their gold reserves on larger scale.

India is definitely the largest buyer of gold since they have huge attraction of the gold. They have traditional and cultural value for the gold so I am pretty sure that India stands out when it comes to the gold asset.

Regarding the Gold prices, well its always been on the hike since the ancient times. I don't think we need any special view regarding the Gold's future. Many governments are actually reforming the finances and reserves in the form of Gold bonds and specifically country like India is pressuring this more through public investment sectors.

The recession is going to be another prime reason during next couple of years when gold will serve perfect reserve value for most of the individuals and institutions. It's rare, its gold!

[palle11]

It doesn't seem like a bad idea to have some gold in your portfolio, but the question we really have to ask is what percentage of our total portfolio should be invested in gold?

This shouldn't be a major concern. It should be according to individual capital and strength of investment. Your personal conviction about gold investment will give you that kind of push to either divide your portfolio to be loaded in gold than other assets or to have it 50/50 but in my reasoning, the investment that has greater potential now for growth is what should be considered. I think bitcoin in no time is going to leave the bear areas and start to grow and with halving you can have another ATH. Therefore, I may choose the bitcoin investment and altcoins.

[Tallupooh]

Gold has always been a valuable object. Almost all objects made by humans contain gold. For example, electronic devices, mobile phones, electrical panels, as well as other equipment.

Over time gold will definitely be depleted and make the price more expensive.

If we collect gold at the present time, I think it will be very profitable to use in the future.

The price of gold will never decrease. Because gold is a valuable object.

[Truyet Lan]

In the long run, the downward trend of global long-term real interest rates is difficult to change. The extremely loose monetary policy has weakened the value of credit currency, and the value of gold as a physical currency and financial investment product continues to increase.

[pooya87]

Reasons why I wouldn't invest into gold:

• It hasn't acted as a hedge against inflation ten years now, as rightly pointed out by odolvlobo.
• We have bitcoin, that can work better than gold in terms of transaction cost, confiscation, transparency, verifiability and portability.
• Nasa has captured an asteroid which, if brought to Earth somehow, can nullify gold's price: https://robbreport.com/lifestyle/news/rare-psyche-asteroid-worth-way-more-than-the-global-economy-1234577976/

There is no doubt about bitcoin, in fact more than 85% of my networth is in bitcoin already. But diversification is very important in my opinion. I already real estate and some gold coins which I would like to increase.
As for the NASA thing, as I mentioned before I don't really see any viable way to bring the asteroid to earth with the existing technologies.

[BlackHatCoiner]

But diversification is very important in my opinion.

I don't know how true that is. From personal experience I'm fine with 100% of my long-term portfolio allocated to bitcoin. Downside with gold, stocks, real estate and the like, is that government can catch you avoid taxation. So part of your allocation goes straight to government spending. On the other hand, earning bitcoin anonymously, and exchanging it peer-to-peer makes it relatively easy to avoid taxation.

As for the NASA thing, as I mentioned before I don't really see any viable way to bring the asteroid to earth with the existing technologies.

Nor do I see it viable to steal P2PK outputs, with current technology. 

Flawed analogy or not, the asteroid is the last thing that keeps me away from investing into gold.

[odolvlobo]

• Nasa has captured an asteroid which, if brought to Earth somehow, can nullify gold's price: https://robbreport.com/lifestyle/news/rare-psyche-asteroid-worth-way-more-than-the-global-economy-1234577976/

• By "captured", they meant photographically.
• As for "if brought to Earth", you have completely ignored the cost of doing that, as well as the cost of mining. Nobody will extract any gold from that asteroid if the price of gold is not high enough to make a profit.

[BlackHatCoiner]

By "captured", they meant photographically.

Yes. Only photographically, and I haven't understood how they've known it's made out of gold, or how far that is.

As for "if brought to Earth", you have completely ignored the cost of doing that, as well as the cost of mining. Nobody will extract any gold from that asteroid if the price of gold is not high enough to make a profit.

Depends on how it would be divided. If one entity, or one government, suddenly acquired this gigantic amount of gold, it could essentially monopolize. The price of ounce would definitely drop, but the market capitalization of total gold wouldn't have a reason to change, right?