What do you think of gold price in long term?

[Smartprofit]

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.

Gold is a very old financial asset.

It has a lot of drawbacks - gold is easy to fake, gold is difficult to move over long distances.  All the shortcomings of gold as a financial asset were eliminated after the invention of Bitcoin.  In addition, gold is a direct rival and antagonist of the US dollar.  According to the conspiracy theory, the price of gold is artificially low. 

At the same time, I consider gold a promising investment in the long term.

[1714850880]

1714850880

[zasad@]

https://goldomania.ru/articles-2/price_gold_20_year.html
X5-X6 in 20 years is not a good investment

Phzic gold is very difficult to sell. In my country, as a rule, you need to contact the bank where you bought it. And if the packaging is damaged, then the bank will not redeem the gold back.
Anyone who has bought gold in the last five years may even be at a loss.

[pooya87]

In other terms, gold has no limited stock, or maximum stock. So that price conditions also tend to be more stable, or the price pump tends to be slow. We can also compare this with today's crypto. Why Bitcoin price is higher compared to Ethereum. Due to limited supply.

Things are more complicated than that when it comes to prices whether it is gold or bitcoin vs shitcoins. Limited supply is only one factor. For example in case of bitcoin there are lots of shitcoins that have limited supply and yet they are worth less than bitcoin. The main reason is always utilities which 99% of altcoins including ethereum lack.

gold is an investment for people who don't believe in bitcoin,

Nobody is forcing you to choose only one! Gold is an excellent option for diversification, so that you don't have all your money in one place (like all in bitcoin).

[Wind_FURY]

Central banks do not agree with the bearish views that most of you have expressed.

Central banks added 463 tons of gold to global reserves in 2021. That was 82% higher than in 2020.

A WGC survey found that “gold’s performance during a time of crisis and its role as a long-term store of value/inflation hedge are key determinants in the decisions of central banks to hold it.”

Last year was the 12th consecutive year of net purchases. Over that time, central banks have bought a net total of 5,692 tons of gold.

Central Banks Add Gold for Fifth Straight Month

What you are ignoring is that the price of gold is manipulated:

"The manipulation of gold prices began on 5 August 1993," the German analyst points out, and the reason was none other than an agreement between different central banks and the then chairman of the US Federal Reserve-FED, Alan Greenspan, "who did not want the price of an ounce of gold to exceed 400 dollars" because an uncontrolled increase in the price of gold could affect the "inflation thermometer". So this agreement was in place for several years, and materialised by acting on the markets with orders to sell and lend gold with the blessing and participation of other central banks, which, he recalls, "work closely with private banks and financial institutions".

The way of operating and manipulating prices was "very simple", because these entities possessed significant amounts of gold that they used to control, if not lower, the price of gold, "expelling potential buyers" of the metal from the market who did not see the expected return on their investments. For Speck, states are the first to benefit from these practices, especially the US because its currency, the dollar, "is the world's reference currency" and gold is the main rival to loan-based currencies. "A rising gold price accentuates the debt and deficits of states", especially in the US.

¿Quién manipula los precios del oro y por qué? (I have translated the quote from Spanish into English.)

Having a little gold is not a bad thing. You can't pay for your groceries with it but you can convert it to cash instantly in any medium-sized city in the world. And even in small towns, if there is a jewellery shop or similar, even if it does not advertise itself as a gold dealer, it is quite likely that they will accept it.

It doesn't matter what the Central Banks do, what truly matters is what the market/price of Gold does, https://goldprice.org/gold-price-history.html

Plus if we copy-traded what the Central Banks did, and bought Gold during 2021, we would absolutely be holding paper-losses because like everything else, Gold is also going down. That's simply the effect of QT/tightening of the Central Banks' balance sheets.

[justdimin]

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.

Gold is a very old financial asset.

It has a lot of drawbacks - gold is easy to fake, gold is difficult to move over long distances.  All the shortcomings of gold as a financial asset were eliminated after the invention of Bitcoin.  In addition, gold is a direct rival and antagonist of the US dollar.  According to the conspiracy theory, the price of gold is artificially low. 

At the same time, I consider gold a promising investment in the long term.

Gold is "too" old financial asset. Bitcoin can take its place already and gold is no longer needed. I always say that the best thing about bitcoin is that it gives you some features that you could use with it that is beyond what we had before bitcoin was invented, one of them is the fact that you could invest into it long term for the future just like people have done with gold, but you could also spend it like fiat, but also you could send it to all around the world in a matter of minutes just like using paypal.

So, it is the best version of all of it combined and that makes it the better version. Gold should be losing its value eventually, just because of bitcoin.

[avikz]

Gold is not an investment! Everyone makes this classic mistake! Investment is something which will appreciate in value, which means an investment should be able to give you a ROI after beating the inflation. Gold is purely used for capital protection. Which essentially means, it would just beat the inflation and that's it! I believe Gold has been doing this job quite well since a long time. So if you are thinking from a capital protection perspective, go ahead and buy gold on a regular basis.

Gold must be a part of your investment portfolio. I usually give around 15% weightage to it so that it supports me when the market is falling. It is best to do a regular SIP in digital gold which eliminates the need of handling the physical gold but gives you the same price in the market. Some government also float gold bonds which will give you a little return as well after taking care of the inflation. So I am personally very supportive of gold investment and I believe that gold is going to support my investment if we see another recession.

[Silberman]

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.

There is a decent chance we could see gold making a movement during the next years, the state of the economy is not really improving and if this continues then people will begin to look for ways to somehow protect their capital, and the first option which comes to the mind of the average investor is gold, still since I am already part of this market I am not really that interested in getting any gold as I would prefer to invest any spare money I could get in bitcoin.

[Smartprofit]

Gold is a great asset.

But it has a significant drawback - it is a direct competitor to the US dollar.  There is an opinion that the US government is very wary of all its competitors.  However, gold appears to be a highly undervalued financial asset.  If the US loses even a little its role as the absolute leader of the financial world, then gold has a chance to rise in price significantly. 

However, in this case, gold will have to compete with bitcoin.

[Tony116]

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.

Gold is a very old financial asset.

It has a lot of drawbacks - gold is easy to fake, gold is difficult to move over long distances.  All the shortcomings of gold as a financial asset were eliminated after the invention of Bitcoin.  In addition, gold is a direct rival and antagonist of the US dollar.  According to the conspiracy theory, the price of gold is artificially low. 

At the same time, I consider gold a promising investment in the long term.

Gold is "too" old financial asset. Bitcoin can take its place already and gold is no longer needed. I always say that the best thing about bitcoin is that it gives you some features that you could use with it that is beyond what we had before bitcoin was invented, one of them is the fact that you could invest into it long term for the future just like people have done with gold, but you could also spend it like fiat, but also you could send it to all around the world in a matter of minutes just like using paypal.

So, it is the best version of all of it combined and that makes it the better version. Gold should be losing its value eventually, just because of bitcoin.

I don't know if this will happen in the future? but right now gold is considered the safest asset in the world. Governments are scrambling to buy and hoard gold in a recession like this, still shows it to be the safest asset in all economic conditions. I agree with you that bitcoin contains all the features of gold and fiat combined, but currently in reality gold is much safer than bitcoin. You can't guarantee the future for bitcoin, but with gold it is sure, gold has been proven to be a valuable asset for thousands of years, nothing can be replaced overnight.

[crzy]

Gold is a great asset.

But it has a significant drawback - it is a direct competitor to the US dollar.  There is an opinion that the US government is very wary of all its competitors.  However, gold appears to be a highly undervalued financial asset.  If the US loses even a little its role as the absolute leader of the financial world, then gold has a chance to rise in price significantly. 

However, in this case, gold will have to compete with bitcoin.

Gold and Bitcoin can work together there’s no need to compete, It’s always good to have more choices to fight inflation and the future of gold will be fine. There’s still a demand for gold, and it’s more stable compare to Bitcoin on a time like this, Gold is a good option for your short term goal while Bitcoin is better for long term.

[Smartprofit]

Gold is a great asset.

But it has a significant drawback - it is a direct competitor to the US dollar.  There is an opinion that the US government is very wary of all its competitors.  However, gold appears to be a highly undervalued financial asset.  If the US loses even a little its role as the absolute leader of the financial world, then gold has a chance to rise in price significantly. 

However, in this case, gold will have to compete with bitcoin.

Gold and Bitcoin can work together there’s no need to compete, It’s always good to have more choices to fight inflation and the future of gold will be fine. There’s still a demand for gold, and it’s more stable compare to Bitcoin on a time like this, Gold is a good option for your short term goal while Bitcoin is better for long term.

Currently, gold has a very large advantage over bitcoin. 

Under banking law, gold is an integral part of the reserves of central banks.  This position is enshrined in the Basel documents.  This increases the value of gold as a recognized financial asset. 

Unfortunately, Bitcoin cannot yet be used as part of the gold - the foreign exchange reserves of the Central Banks. 

However, I think we will get there.  We just have to wait.

[be.open]

What you are ignoring is that the price of gold is manipulated:

Yep, the main problem with gold is the non-market pricing mechanism.

[Lucius]

~snip~
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.

I think that gold will remain relevant for decades to come and that nothing will change in that regard, and the only question is when its price will fall, considering that scientists are quite sure that there is gold in large quantities outside our planet. Only on one asteroid, which they named 16 Psyche, there is gold worth about $700 quintillion, which is a number that few will be able to understand.

Considering that the central banks have no alternative to the gold standard, we should not be surprised that they continue to buy it in large quantities, because that is the only thing over which they can have complete control. In addition, gold is something that will retain its value even if a major disaster occurs, when fiat and any cryptocurrency would lose almost all meaning.

Having some gold is a smart thing, assuming of course that you don't have something that just looks like gold

[Zanab247]

Gold is a valuable asset and is kept as an investment with some people but now this practice is old ,now people like and think to invest in different forms like bitcoins,stocks,property.  The resale value of gold is a question because of deductions by government.  I think gold price will increase in future and will remain higher longer period of times.

People are still making a huge amount of money from gold investment, and I don't think is an old practice in the land because many people are used to gold than Bitcoin and other investments to earn well in their living. According to some researchers, gold is preparing to break some record by rising to a particular price  gold investors have never experience in the community to allow those that invested in gold in the past to earn well from their gold investments.

[Maidak]

Gold is a great asset.

But it has a significant drawback - it is a direct competitor to the US dollar.  There is an opinion that the US government is very wary of all its competitors.  However, gold appears to be a highly undervalued financial asset.  If the US loses even a little its role as the absolute leader of the financial world, then gold has a chance to rise in price significantly. 

However, in this case, gold will have to compete with bitcoin.

Gold and Bitcoin can work together there’s no need to compete, It’s always good to have more choices to fight inflation and the future of gold will be fine. There’s still a demand for gold, and it’s more stable compare to Bitcoin on a time like this, Gold is a good option for your short term goal while Bitcoin is better for long term.

Why is gold good in the short term? gold is considered a stable asset, less volatile than bitcoin, so I think gold is the best safe haven or store in the short term as well as the long term. In the long term, gold still has upside potential but won't spike like bitcoin. If you are a risk-averse person, gold is clearly the best choice but if you want high return and can accept risk then invest in bitcoin. Neither is better than the other because they are used in different ways and in investment need to diversify portfolio, should invest in both to limit risk.

[teosanru]

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.

I don't think so this is going to happen. Why would countries go to gold instead of dollar standard? I mean if they will remove  US pegging of their currencies in international trade they will maybe create a swap sort of things with respective countries where by your currency can be strengthened. Moreover countries have come from this gold pegging system already earlier they used to keep gold reserves but they eventually got rid from it for good now they won't be going again into that mess for sure.

[RealMalatesta]

Gold is a great asset.

But it has a significant drawback - it is a direct competitor to the US dollar.  There is an opinion that the US government is very wary of all its competitors.  However, gold appears to be a highly undervalued financial asset.  If the US loses even a little its role as the absolute leader of the financial world, then gold has a chance to rise in price significantly. 

However, in this case, gold will have to compete with bitcoin.

Gold and Bitcoin can work together there’s no need to compete, It’s always good to have more choices to fight inflation and the future of gold will be fine. There’s still a demand for gold, and it’s more stable compare to Bitcoin on a time like this, Gold is a good option for your short term goal while Bitcoin is better for long term.

Gold has surpassed its life span for the regular people to make any logical investment in the long period of time to profit us a good wealth. You could put 10% of your salary every month into gold and live a 40+ year career with it, and when you are done you are going to have something good, there is no denying that. People who can do that, which is a luxury in itself because not many people can save 10% of their salary, then you will have a good retirement fund.

However, in a world where bitcoin can bring you 100x more than what gold can bring with the same method, do you really want to invest into gold? Governments can do that, because they want less risk, but people like you and me don't have to.

[STT]

Its not a new thing, gold has been a net buy for central bankers for a couple decades now.  We could observe that roughly by the fairly strong rise for gold from hundreds to thousands in a fairly secure way.  I dont think we can trade below 1000 without it being extremely cheap relative ongoing worries and volatility, currency is not going to strength the government who operate paper FIAT only hope to have a steady decline not that they can arrest or reverse losses in currency values.

gold is an investment for people who don't believe in bitcoin,

Nobody is forcing you to choose only one! Gold is an excellent option for diversification, so that you don't have all your money in one place (like all in bitcoin).
[/quote]

Its not an investment at all, its a commodity and best way to refer to it would be as insurance.  Anyone who holds more then 10% is probably over speculating and might suffer from that over balance to their portfolio.  Of course risk management and profits are not the same thing, you can be wrong and still get more profit but not having any gold is the most common mistake.

[philipma1957]

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.

I think gold is a high risk investment silver is far far far far safer.

My logic is gold asteroid talk does not go away. if it is real and can be brought to each cheaply enough gold loses scarcity.

Silver on the other hand is more plentiful thus the profit margin if it is on an asteroid is not realistic.

If gold is 1600 an oz silver is 20 an oz

so transporting gold from outer space is far more likely to happen.

So silver would still have the same amount of oz on earth while gold could become 2x to 5x more common.

So if you go metals I would say silver is the bet not gold.

I have a lot of silver but not a lot of gold.

legal disclaimer below:
this is an opinion so don't blame me if you buy 100,000 usd worth of silver and lose out.

also do not blame me if you decide to not buy gold and it shoots to 5000.

[Sir Legend]

Gold is the world's largest investment that has been known for thousands of years, and I believe as long as the world exists then gold will continue to be valuable, although many experts believe that the largest gold reserves under the sea are found but this will not reduce the interest and value of gold .