What do you think of gold price in long term?

[superman184]

Gold is an investment that has been used for thousands of years and I'm sure it can last for thousands of years, everyone likes gold and makes the demand for gold continue to increase, it's only natural that gold is the best and ideal standard for setting prices, and for the long term I optimistic that the price of gold will continue to increase.

In the past, gold was indeed a good standard in determining prices for something, but this did not apply to all countries so that not all countries also held a standard for setting prices through gold. Moreover, in the past fiat currencies such as the dollar also used to determine the price of various products before cryptocurrencies got better development. But for now gold and dollars have found competition and some countries also don't use them as a price setter for something.

Even though gold is still very suitable to be used and brought into future investments, you should also realize that currently there are many other choices that are also not bad to use and invest in the long term for a better future. I can only recommend you to choose Bitcoin as a future investment while you invest with gold because both are not bad to invest from now on by everyone who likes both and also understands both very well.

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[Wong Gendheng]

Gold is a very good investment, safe and can last until this world ends, we don't know whether Bitcoin can still last 20 years or not, but Gold has been used since thousands of years ago, because it has a physical form of course anyone will quickly know and Receiving gold, the increase that occurs is also more stable which is usually also influenced by inflation, the higher the inflation, the increase that occurs is also high.

[Inwestour]

Gold is a very good investment, safe and can last until this world ends, we don't know whether Bitcoin can still last 20 years or not, but Gold has been used since thousands of years ago, because it has a physical form of course anyone will quickly know and Receiving gold, the increase that occurs is also more stable which is usually also influenced by inflation, the higher the inflation, the increase that occurs is also high.

If finances allow you to diversify your investments, then gold should be in your portfolio. This is what made it possible to survive many crises and wars, one of the more reliable investments. In the future, the price of gold will rise, as it always has.

  I read here on the forum an assumption that they can find a lot of gold, either on Earth, or on some asteroid in space, and this will bring down its price, but so far these are all words, while gold remains gold and most likely will remain more very long time.

[CarnagexD]

Gold will keep on increasing its value in the long run because of the history that it has built in the past years that lead people to desire holding gold. Just the basic demand and supply concept, everytime the demand for gold increases, the price increases since its supply is relatively scarce.

Gold is a very good investment, safe and can last until this world ends, we don't know whether Bitcoin can still last 20 years or not, but Gold has been used since thousands of years ago, because it has a physical form of course anyone will quickly know and Receiving gold, the increase that occurs is also more stable which is usually also influenced by inflation, the higher the inflation, the increase that occurs is also high.

Exactly why gold will keep on increasing its value. Because people think that it is a good investment, where in fact it is, and it increases the demand. In terms of inflation, when the value of money decreases, most people start to invest in gold as if they are preserving money. Gold actually act as preferred hedge because it is not affected by devaluation of money.

[Unbunplease]

If you think in terms of standards, many would say that the value of gold will increase over time. However, if we take into account the transition of countries to digital currency, we can assume that over time, gold may lose its status, and its place will be taken by, for example, bitcoin.

[rokok lokal]

Whether we admit it or not Gold has been a store of value for centuries and has maintained that status despite the introduction of various forms of currency from time to time. Bitcoin and other cryptocurrencies have gained popularity in recent years, but are still relatively new and have yet to achieve widespread adoption and stability of traditional currencies or commodities such as gold. Cryptocurrencies themselves still depend on technology and infrastructure that are vulnerable to cyber attacks or other disturbances. Is BTC able to replace Gold in the future?? I haven't gotten there yet.

[KaliLinux]

World millionaires who have billions of dollars of money will of course choose gold for investment, in my country when covid or 3 years ago there were rich people who bought about 2 tons of pure gold, and the price of gold has gone up more than 15% in 3 years so the money has increased by 15% Of course, gold is the safest and most promising investment for the long term.

You are right, It is even more than 15% high in price than what you said.

Gold Price in USD per Troy Ounce for Last 3 Years

Gold is a stable asset with low to no risk per se and as you said, we too have a Gold market here and you see many people in that section of the market regularly. I believe it is another safer investment for the rich folks because of its stability in price which is less than what you see in Bitcoin especially.

[firesurfer]

A price increase. Capital creates markets and demand. Monetary policies are also just a springboard for them to gain more profits. Gold is limited and is chosen by many countries to store assets. The continuous issuance of currency over time will cause gold to increase in value.
Also, gold is consumed by different industries. That also makes gold more scarce.

[Doan9269]

One of the most valuable physical asset I will always love to have is gold but for the fact that possessing it requires going through a KYC procedures from where you want to acquire it makes it more difficult for so many people to use it as their moat preferred asset not until bitcoin set in, the price favourable because it also increases with time, but gold profitability follows after bitcoin in order of preference on asset and ever remain valuable.

[Obari]

As time goes long on the damand of gold will be extremely high so as the price of it also gold is a valuable most needed by almost everyone on earth is believe the demand of gold led to the high cost this few years and as time goes on the rate of demand will also increase although many will not have the money to purchase real gold but with few one's who have the money to buy will always want to buy it bulk just like the Indians and the Chinese did
We all know the importance of gold and how it is profitable so I believe everyone on earth will like to involve in the business of buying and selling of golds

[Gallar]

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 indeed a very promising investment asset, because it has been proven a long time ago. Everyone already knows what gold is, whether it's the upper class, the middle class, and the lower class. So it's no wonder, gold is trusted by many people, to be used as an asset for the future. With the many uses of gold, and with a very stable price, gold is very popular among all people. So it's no wonder that India has started stockpiling so much gold, because the potential of gold is clear in the future.

And when it comes to the price of gold from year to year, in my opinion, it always has a not too big increase, but has good consistency in its increase, in essence, gold has a steady increase every year.

As for the domestic gold price, Antam's gold price throughout 2022 rose from IDR 945,000 ($63.27) per gram to IDR 1,026,000 ($68.69) per gram or an increase of 8.6%.

2022

Antam's gold price for the first half of 2023 will range from IDR 1.11 million per gram to IDR 1.17 million per gram ($74.32-$78.33). Meanwhile, at the end of 2023 the domestic gold price will be in the range of IDR 1.22 million per gram – IDR 1.23 million per gram ($81.68-$82.35).

2023

Source
• www.bareksa.com/berita/emas/2023-01-02/harga-emas-2022-melonjak-9-kalakan-ihsg-prediksi-2023-makin-moncer/amp#bsht=CgRmYnNtEgQIAzAC
• https://www.google.com/amp/s/amp.kontan.co.id/news/krisis-perbankan-dunia-harga-emas-bisa-makin-naik-di-tahun-2023

[Altryist]

As time goes long on the damand of gold will be extremely high so as the price of it also gold is a valuable most needed by almost everyone on earth is believe the demand of gold led to the high cost this few years and as time goes on the rate of demand will also increase although many will not have the money to purchase real gold but with few one's who have the money to buy will always want to buy it bulk just like the Indians and the Chinese did
We all know the importance of gold and how it is profitable so I believe everyone on earth will like to involve in the business of buying and selling of golds

Actually, this is not so, every person does not have a need for gold, you wanted to say that everyone would not mind having some gold, but people do not have such needs. After fiat money is no longer backed by gold, we see an increase in the price of gold. Now I see the same thing, more and more fiat money is being printed, and this will lead to a further increase in gold, but whether it is worth investing in it now is everyone's business.

[Freddie Boyer]

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 pay attention to the moment Several countries have increased their gold reserves and reduced their dependence on the US dollar. If I'm not mistaken, the factors that can affect the price of gold include global economic conditions, interest rates and inflation rates. I think this Trend has the potential to cause increased demand for gold and could push the price up in the long term. Moreover, in times of economic uncertainty, people tend to turn to safe-haven assets such as gold, which can further increase demand and prices.

[Negotiation]

When import prices change due to global price movements gold prices are subsequently reflected. During any political upheaval the value of currencies as well as various financial products may fall, investors see gold as a safe haven and the demand and price of gold increases during political turmoil as compared to peaceful times. When their confidence in the government and the market declines and as gold is called a crisis commodity, interest in buying gold increases among consumers.

[ichsan ardi]

I think investing in gold is really worth it for the long term because gold is one of the safest investments in my opinion because gold has a very low risk and gold is very liquid when selling.

[gunhell16]

I can't deny that gold is a good investment, but if I were to choose between Bitcoin and gold, I would choose Bitcoin second only to Gold when it comes to long-term investment.

We have already tested Bitcoin, maybe when I make a good profit from Bitcoin with the increase in its value, I will be able to buy Gold probably when the bull run season comes for sure in my opinion.

[Antotena]

Gold is a rare metal that it's like for it attractiveness and women loves it more and also showbiz people like actress, actors and celebrities in general. I don't know what will be the actual price of Gold tomorrow but it will continue to rise as more people continues to search for it and we know they are rare, scares to get. If economies don't get bad like what happen in convid19, I expect to see the increase in the price in the future.

[virasisog]

I think investing in gold is really worth it for the long term because gold is one of the safest investments in my opinion because gold has a very low risk and gold is very liquid when selling.

Investing in gold is like buying a property that you can wear physically. I can also say that it's worth investing because its value is continuously rising and yes, it's safest because compared to other forms of investment, it isn't too risky though we can't expect very high profit in just a short period. It might be considered as a traditional way of investing but it never losses its value. No wonder why lots of people are now investing in it because people could now see its worth.

[reizella28]

Gold is a rare metal that it's like for it attractiveness and women loves it more and also showbiz people like actress, actors and celebrities in general. I don't know what will be the actual price of Gold tomorrow but it will continue to rise as more people continues to search for it and we know they are rare, scares to get. If economies don't get bad like what happen in convid19, I expect to see the increase in the price in the future.

Yes that's why some people invest in gold which is in low supply. Having gold for a long time can actually get you rich if the economic situation is healthy. Lets be honest people really buy gold not only for its beauty but from what you said the rarerity of it like people loves to brag to other people they can't afford. In history gold is already a thing so imagine it reaches it point now so it would be possible for a long period like years. People even take it as a job to mine gold if you watch tiktok you could see some guy searching gold from the river.

[Litzki1990]

Gold is a very reliable commodity. People usually buy gold based on that decision when they remember that cash is not safe with them. People's interest in gold is always a bit high but what could be the reason behind India suddenly buying such huge amount of gold. Maybe the Indian government has some special gold centric plan that is why they have bought so much gold.
Good news in the gold market will not be surprising. And if there is good news in the gold market then it will be seen that the price of gold will increase gradually. 

If you think that there is going to be any positive news in the gold market, then it is better to buy some gold and store it.  Because no opportunity should be missed as the chance has arisen so it should be utilized as far as possible.