What do you think of gold price in long term?

[2stout]

Gold is more of stable thing and you won't get the same kind of ride out of it that you will with Bitcoin.  With this being said, it has been established for thousands of years and the price does seem to go up in time, just not as quick or as high as some would like, but the bottom doesn't drop out of it either.  It is good for diversification purposes, spreading things around.

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[Bitstar_coin]

gold is an investment for people who don't believe in bitcoin, and I think gold can still be used as a long-term investment, even though the price of gold is not as high as bitcoin but the level of security value is safer than bitcoin
here I conclude bitcoin will be the best investment for the real version (object) even though the price rises not significantly and sometimes there is no increase,

That is so not true, do you know how long Gold has been in existence? people have been investing in Gold since centuries ago so will you say all those people of the past who invested in Gold during that time was because they don't believe in btc despite btc was not in existence then?
Yeah you can chose btc over Gold now because of the price speculation, it has high tendency to raise higher than Gold will ever be. But when it comes to physical utility and value, Gold will always stand out and remain valuable not because of the price only but because of what it is use for.

In this generation, btc is definately the best investment option base on several factors other than the price, like the ease of use, convinience, decentralize nature and more.

[EarnOnVictor]

I have always known that China and Russia are superpowers that don't like the USA and its dominance in the economic space. I am happy to tell them that 'there is nothing they can do about it,' the political and economic leadership of the USA helps the world till this moment, so they should 'wax it off.' According to your points, has their dumping of the USD for gold helped now when the USD is flying higher and gold is selling? They should shun enmity and embrace healthy economic practices that will move their countries and the world forward.

[bittraffic]

When Trump run he suggested returning to gold back currency and ending this fiat system that Nixon promised to be temporary only. Took more than 50 years and up to this day, the US is not willing to go back to the gold back standard.

BRICS countries are initiating to go back where today we can hear the news about them buying up tons of gold because that's what they are going to be doing according to several news channels. Why gold price had not gone up, I guess they also are suppressing its price still for it to be not attractive to speculators.

[pooya87]

Gold is "too" old financial asset. Bitcoin can take its place already and gold is no longer needed.
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.

Exactly because bitcoin is different, it will never replace gold. They both remain viable ways to park your dumping fiat. In other words both of them are fantastic for diversification.

Gold is a good option for your short term

I agree with the rest of your post but not this part. Gold is actually good both short and long term, specially as a store of value in times of crisis.

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.

The cost of such an operation to "capture" an asteroid and bringing it back to earth intact is so high that it won't be worth it. At least not with the current technologies. Unlike bitcoin, the price of gold is decided mainly based on its production cost.

[m2017]

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.

If I understood correctly, you are interested in gold from the point of view of an ordinary person in order to save your savings, right? I approve of gold as an investment vehicle, if only from a diversification standpoint. It seems to me that it is not a bad idea to keep your money in physical gold and yes, it is only profitable in the long run. If you look at charts of the price of gold over the past years, then this is not a super profitable tool, but it is a good way to keep the value of your money. Especially when compared with national currencies. This is better than storing in paper money, but there are some features to consider. For example, gold has low liquidity and it is unprofitable to buy it for a short time. Also, the question arises of how to safely store gold.

[Iranus]

For example, gold has low liquidity and it is unprofitable to buy it for a short time. Also, the question arises of how to safely store gold.

Gold has low liquidity? I don't understand what you are trying to say. The gold market is one of the largest today, the total gold market capitalization is more than 11 trillion, 11 times the capitalization of the entire cryptocurrency market. If comparing gold with bitcoin it is true that gold is not as profitable and faster than bitcoin but gold is the safest asset today. That's why countries are trying to hoard gold rather than foreign currency or other assets.

Nothing is absolutely safe in this world, not even bitcoin. It is safe in our hardware wallet and very difficult to be stolen by hackers but you are sure that you will not have any problem in your life. Similar to gold, every asset is risky, nothing is completely safe.

[philipma1957]

Gold is "too" old financial asset. Bitcoin can take its place already and gold is no longer needed.
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.

Exactly because bitcoin is different, it will never replace gold. They both remain viable ways to park your dumping fiat. In other words both of them are fantastic for diversification.

Gold is a good option for your short term

I agree with the rest of your post but not this part. Gold is actually good both short and long term, specially as a store of value in times of crisis.

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.

The cost of such an operation to "capture" an asteroid and bringing it back to earth intact is so high that it won't be worth it. At least not with the current technologies. Unlike bitcoin, the price of gold is decided mainly based on its production cost.

Back in the day the tech to make pure aluminum sucked and even though aluminum was common it was costly to produce. So gold if truly on an asteroid in amounts 50 fold what is available here means nothing short term because getting down here at a good cost does not seem possible.

Btw if we could bring 50x the supply of gold down to earth cheaply we would a
have a battery revolution as solid gold batteries would last as long as 100 years.
Gold is by far the best material for electrical use.

I am actually surprised silver is as low as it is. Silver peaked near 50 usd twice since 1978. It has real utility in many cases yet remains well under that 50 usd number.

So what is the correct gold silver price ratio. is the 1600 to 20 or 80 to 1 correct.

or is the 30 to 1 number from ? correct.  give me a minute to get that info from bing search

silver was 44 in 2011 and gold was 1800 in 2011 so gold silver ratio was about 40 to 1 in 2011

the ratio in say 1978 was

went back to old charts 1980 silver got to 45 and gold was 920 so say 20 to 1


so three snapshots of gold to silver

2022 80 to 1 gold to silver
2011 40 to 1 gold to silver
1980 20 to 1 gold to silver

So the numbers picked in 1980 are when silver reach its all time high
the number picked in 2011 are when silver made a good comeback close to its alltime high
the current number is silver way off its all time high.

For me silver is likely to get closer to 40 to one ratio then gold will be able to maintain the 80 to 1 edge it has now.

[cabron]

For example, gold has low liquidity and it is unprofitable to buy it for a short time. Also, the question arises of how to safely store gold.

Gold has low liquidity? I don't understand what you are trying to say. The gold market is one of the largest today, the total gold market capitalization is more than 11 trillion, 11 times the capitalization of the entire cryptocurrency market. If comparing gold with bitcoin it is true that gold is not as profitable and faster than bitcoin but gold is the safest asset today. That's why countries are trying to hoard gold rather than foreign currency or other assets.

Nothing is absolutely safe in this world, not even bitcoin. It is safe in our hardware wallet and very difficult to be stolen by hackers but you are sure that you will not have any problem in your life. Similar to gold, every asset is risky, nothing is completely safe.

Gold will still be valuable and will be preferred by many when it comes to making transactions to regular people as its what they know to be more valuable. Gold is very useful to the technology we have today, its on chips and any other devices we use. Its recommended still if you listen to top brokers like Peter Schiff and even to traders, they recommend not just the ones they trade but physical Gold to keep. Its risky but you just have to be discreet when you have lots of gold.

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

[STT]

When Trump run he suggested returning to gold back currency and ending this fiat system

Jim Rickards is the best person to look up for exploration of that idea, in short they would have to decide at which peg or ratio does the dollar return to exchange with gold.     There are constraints on the price, his basic conclusion is the result could be gold at 10k per ounce because of the amount of treasury debt owing but its best to listen to the source on that one.    Trump is the pied piper on that issue, its easy to say but far harder to do and switch from the current easy money to hard money is a giant swing to the opposite its not a 1 term issue.

[cozytrade]

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.

Those big giant just wants to trade with their own currencies instead of gold so that their currencies got as much trade as USD does. Hyperinflation of the USD is also a reason why these countries fear keeping USD in their accounts. So countries like India now want to trade in their local currencies with their trade partners.

Many still think we should go back to the gold standard again but it's still debatable whether this is the right form or not. There is a lot of benefits to it but still, some major limitation eliminates the possibility. Maybe tokenized gold could solve those issues that physical gold has.

[MarjorieZimmermanGinger]

Back in the day the tech to make pure aluminum sucked and even though aluminum was common it was costly to produce. So gold if truly on an asteroid in amounts 50 fold what is available here means nothing short term because getting down here at a good cost does not seem possible.

The raw materials for making aluminum are getting scarcer day by day, this will cause prices to jump below the standard, considering that countries that have aluminum are increasingly difficult to find raw materials.
Moreover, it has not been found renewal or can be updated regarding aluminum raw materials, thus it can be ascertained that this raw material will be increasingly scarce.
Although researchers are developing ways of renewing, natural processes are more determined than human intervention.

Btw if we could bring 50x the supply of gold down to earth cheaply we would a
have a battery revolution as solid gold batteries would last as long as 100 years.
Gold is by far the best material for electrical use.

True, but unfortunately this cannot be done, because the limited amount of gold available is not able to accommodate large products for gold batteries, so gold efficiency is not included in this category.
Call it like America and Germany, these two countries have large gold reserves, but the connection with the battery revolution is also not included in their long-term projects, although we do not know for sure why this is not started to be developed.

I am actually surprised silver is as low as it is. Silver peaked near 50 usd twice since 1978. It has real utility in many cases yet remains well under that 50 usd number.

To be honest I'm not really surprised why silver is so much lower than gold, even though silver has reached the peaks you described.
But when it comes to advantages and disadvantages between gold and silver, gold is definitely superior. So on this basis it is sufficient to provide a reference, that gold is superior in terms of price and usefulness. Currently gold is able to maintain value, although it is not very effective in investing.

so three snapshots of gold to silver

2022 80 to 1 gold to silver
2011 40 to 1 gold to silver
1980 20 to 1 gold to silver

The correct number in the calculation based on the ratio source. But the opposite will be true for now, given that silver is starting to lose market value, while gold is getting better in terms of value and usefulness.

For me silver is likely to get closer to 40 to one ratio then gold will be able to maintain the 80 to 1 edge it has now.

Do you mean the price advantage or the number of holdings both, because if this is related to the price, it is certain that gold will be better in the future, judging from the current price and other advantages in maintaining the value of the investment.
But given the choice, bitcoin is far more capable of holding on to its value, even when there is a recession or inflation.

[Leviathan.007]

Gold is something people start investing on it for long term and known as a safe haven for investors to invest on it and if you want to make sure about the price in long term that enough to check the history of price of bitcoin for the last years and then you will understand how gold price is saving people from inflation rate specially in long-term

[Fivestar4everMVP]

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.

For me, i would rather buy Bitcoin than invest in gold, i think the price of gold is too stable to really yield a significant profit in the long term, Finding Bitcoin at its lowest price, buying and keeping it for the long term would be a better decision if you ask me, though its not a bad idea to diversify, infact, it is best to invest in the two, but personally, i would have a higher percentage of my portfolio in bitcoin rather than gold.

By the way, i think its just a matter of time before different countries start buying bitcoins too, we already have countries that accept bitcoin as legal tender, though that seems very insignificant now, but in the long run, it will all add up.

[odolvlobo]

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

Safe? I bought silver a few years back at around $40. It went up a little from there but then the bubble popped. I managed to dump mine at $34, which made me happy because at least I wasn't holding on to it as it dropped below $20. Now where is it? Gold has recovered since then but silver still has a way to go.

For me silver is likely to get closer to 40 to one ratio then gold will be able to maintain the 80 to 1 edge it has now.

The world is constantly changing. If there no reason for a 40-to-1 ratio, then there is no justification for believing that it will ever return to 40-to-1.

It's like the GBTC discount. There is nothing forcing its price to align with the price of BTC, so there is no reason to believe that the discount will go away. If the situation changes, then perhaps we will return to the status quo.

But at this point it is just wishful thinking, for both GBTC and silver.

[DudeAtWork420]

I know its a ideal hedge to overcome inflation. I can see how paper cash losing its values every year compare to gold which only increased against fiat currencies. Price of gold mostly stays stable or increase over time. It has a world wide acceptance and not volatile as much as bitcoin so i think its a safe investment plan for long term. People who just wants to tackle inflation gold can be a good friends for them in situation like this.

[pooya87]

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

Over the past couple of years there has been some rumors and evidences that could lead to the conclusion that countries (specially in the Eastern Bloc) are moving towards a commodity backed currency. One of those commodities is gold. There are some proposals and talks about using energy too. For example when you have the most gas and oil reserves in the world you could simply back your currency with that (essentially something like Petrodollar but for their respective currencies).

[Poker Player]

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

Over the past couple of years there has been some rumors and evidences that could lead to the conclusion that countries (specially in the Eastern Bloc) are moving towards a commodity backed currency. One of those commodities is gold. There are some proposals and talks about using energy too. For example when you have the most gas and oil reserves in the world you could simply back your currency with that (essentially something like Petrodollar but for their respective currencies).

I heard those rumors from China, and also about stopping paying for oil in dollars to pay in that supposed new Chinese currency, which could well be the CBDC. Searching the internet I see this:

Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today

Whatever the expert says, as he will probably be biased, I will not comment on it.

One of the things I find interesting about gold is that it is very convenient for storing and transporting medium quantities. Bitcoin can be used for both medium and very large amounts. There is nothing better to transfer $1B quickly from NY to Warsaw for example. But having a few thousand $ in gold or even tens of thousands does not occupy, does not weigh much and you can carry it in a suitcase.

[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.

Those big giant just wants to trade with their own currencies instead of gold so that their currencies got as much trade as USD does. Hyperinflation of the USD is also a reason why these countries fear keeping USD in their accounts. So countries like India now want to trade in their local currencies with their trade partners.

Many still think we should go back to the gold standard again but it's still debatable whether this is the right form or not. There is a lot of benefits to it but still, some major limitation eliminates the possibility. Maybe tokenized gold could solve those issues that physical gold has.

USD does not have hyperinflation it has inflation.

"Definition[edit]

Hyperinflation in Argentina
In 1956, Phillip Cagan wrote The Monetary Dynamics of Hyperinflation, the book often regarded as the first serious study of hyperinflation and its effects[5] (though The Economics of Inflation by C. Bresciani-Turroni on the German hyperinflation was published in Italian in 1931[6]). In his book, Cagan defined a hyperinflationary episode as starting in the month that the monthly inflation rate exceeds 50%, and as ending when the monthly inflation rate drops below 50% and stays that way for at least a year.[7] Economists usually follow Cagan's description that hyperinflation occurs when the monthly inflation rate exceeds 50% (this is equivalent to a yearly rate of 12874.63%).[5]"


above is from wiki see link:

 https://en.wikipedia.org/wiki/Hyperinflation

monthly inflation rate of 50% = hyperinflation

USA rate is under 1% a month.

Please get your terms correct.

[darxiaomi]

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

No, no and NO. Let me be clear in this.

You CANT come back to that because the modern economy doesnt work in that manner.

The modern economy faced a big problem with per example the I+D industry. This industry can make trillions of worth one day and let them dissapear in a night only for expectations. With gold  backed currency you cant follow this brutal movements. Its the problem who faced U.S after winning the WW2 and in that moment I+D industry was really small.

Im not only talking about speculation.

But, for your point Gold keeps doing a great work for store of value so for that the central banks are buying a lot of gold in times of high inflation and uncertainty.


One thing i want to mention its, Gold its not pure speculation, finatial and jewelry. Gold its really important in industry and now more than ever. Dont forget all the chips of ours computers have gold.

So dont forget that gold still a metal.