What do you think of gold price in long term?

[coinerer]

Gold prices have seen the highest annual pumps in the last 10 years in 2017, 2019, 2020 which were 12.57%, 18.83%, 24.43% and the highest dumps in 2013 and 2015 which were 27.79% and 11  .59%.  The survey found that the price of gold does not rise or fall as much year-over-year as is seen in crypto or other businesses. but gold will provide you a secure investment then others investment. Investing in gold does not have a high degree of risk. But chances of you getting high quality profit from here is very less but you can get more profit than bank savings/ FD but here too there is no guarantee.

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[ItsCrafty]

Gold prices have seen the highest annual pumps in the last 10 years in 2017, 2019, 2020 which were 12.57%, 18.83%, 24.43% and the highest dumps in 2013 and 2015 which were 27.79% and 11  .59%.  The survey found that the price of gold does not rise or fall as much year-over-year as is seen in crypto or other businesses. but gold will provide you a secure investment then others investment. Investing in gold does not have a high degree of risk. But chances of you getting high quality profit from here is very less but you can get more profit than bank savings/ FD but here too there is no guarantee.

Although the Gold price fluctuation is not so high but it is still most adopted element. Gold is real money and whole world cash sytem (Bank, buying, selling) depend upon gold. The paper currency are just cheque which we can claim actual gold anytime from the bank. Similarly our fund in banks are backed by gold and we can claim for gold if we want.

Gold price will increase more with the passage of time. We should hold some gold. because of low fluctuation Btc and crypto now become more popular. Btc up down speed is high this why its used most by investor. This is the reason now demand is not big and price of gold will not rise so fast

[theskillzdatklls]

In the long term, I do worry about asteroid mining or if energy became cheap enough, the process to simply create gold from other atoms.

If either one of those or something else came to be in the next 50 years or so, then the price could completely crater.

For that reason, even for long term minded sovereign minded individuals, precious metals should only make up some of their portfolio.

[Myleschetty]

When considering the long-term performance of every asset or investment. I believe the best way to make a good decision is to research deeply about the asset relevant eschelon in the next few years and its use case.
Apart from Gold being a valuable asset and one of the most reputable. It is also the same material used in electricity and gadget for energy transmission. Therefore, long-term investment in gold is a good decision.

[DeathAngel]

I don’t think gold offers enough profit to justify investing in it. Compare its performance to bitcoin since 2009 & it’ll just show you how pointless it is to invest in good instead of crypto & even stocks.The ceiling price just isn’t good enough with gold to make me want to buy any. I think it’s an outdated asset which has no real future in the long, long term. Bitcoin is digital good, so much better.

[cydrix]

The majority of older people think that gold is an excellent long-term investment, particularly if it means leaving riches to their children when they pass away. Having a backup of your finances is really fantastic, and gold is one of them because gold is one of the investment methods that is genuinely lucrative in the long term and it will endure till the end. I do invest in gold, though not that much for that thought as well.

[Unbunplease]

Nowadays, despite all the arguments about bitcoin's limitations and other advantages, people prefer to use what they can hold in their hands as a universal medium of exchange. Gold can be held in their hands, but bitcoin cannot. As for the value of gold - I don't think gold will rise in value indefinitely. Perhaps it will come to a certain stability soon.

[STT]

Hold a bit of both, theres an advantage to the physical value and the parts they cannot just remove from your possession so easily.

if energy became cheap enough

Dont worry too much about that outcome, if this occurs all commodities and prices will be rerated.   Most likely that would be a bigger change then moving away from undefined economy that industrialization bought about.

Gold has lost it down trend of the previous decade, it should do far better this decade and at present monetary base has expanded faster then the price of gold which means its cheaper then it was previously even at 2000.

[iamsange]

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.

Gold is not bad for investment, but if you look at the level of price increase that gold has, you will see that gold has a very small price increase rate when compared to other assets such as land (which is very strategically located) with residential areas. Likewise, when you make a comparison of gold with Bitcoin in terms of price increase, it is clear that you will find that Bitcoin is easier to get a price increase than gold in a short time.

Because the price of gold tends to increase slightly and stay at a certain price in the long term, whereas other assets such as Bitcoin can get a much bigger and very significant increase in the not so long term although this is also offset by the possibility of a decrease in price which is also not small. But in general, I think Bitcoin is classified as more suitable for long-term investments than gold, which is only suitable for storing the value of your money for a while.

[barisbilgili]

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.

Gold is not bad for investment, but if you look at the level of price increase that gold has, you will see that gold has a very small price increase rate when compared to other assets such as land (which is very strategically located) with residential areas. Likewise, when you make a comparison of gold with Bitcoin in terms of price increase, it is clear that you will find that Bitcoin is easier to get a price increase than gold in a short time.

Because the price of gold tends to increase slightly and stay at a certain price in the long term, whereas other assets such as Bitcoin can get a much bigger and very significant increase in the not so long term although this is also offset by the possibility of a decrease in price which is also not small. But in general, I think Bitcoin is classified as more suitable for long-term investments than gold, which is only suitable for storing the value of your money for a while.

possible profit and risk worth it between gold and investing in Bitcoin, so both are still the best but the difference is whether someone is ready to take a lot of risks for future investment in Bitcoin or someone chooses to invest safely for the future with possible risks and very small gain.

everyone has different views on these 2 things, but in my opinion it is better to invest in both, gold is used for savings while Bitcoin is for investing with readiness for all the risks that will be faced.

[Uruhara]

Value and price are two different things. And because this is about the price of gold, it can be said that the price of gold will indeed continue to move, be it in terms of increasing or decreasing. and the indication lies in the rate of inflation in a country's currency. For example, if Country A experiences hyper-inflation, the gold price in that country will automatically experience a price increase. because the value of the currency has decreased while the value of gold has not decreased or is stable. So the price of gold will increase.

so the answer is the price of gold will increase if inflation in our country increases every year which makes the value of the currency decrease (deflation). But the actual value of gold has remained stable over time. We can prove this if we convert the price of a land / land if it is purchased with gold from year to year. or we can convert it if we for example 10 years ago bought an animal such as a donkey, goat and so on using gold. and try this year to buy back an animal of the same size and type using gold. then the difference will not be too much. even tend to be the same.

but if 10 years ago we bought an animal with the same eyes and today we buy again the same animal with the same size and type with the same currency then of course today the money spent on buying these animals will be much more. because you realize it or not, that the value of the currency continues to decline from year to year, even without the news of inflation being heralded as it is today.

[Casdinyard]

Only one plausible answer, Gold will continuously increase in value.

The thing about gold is that it's the perfect investment. Limited supply but not that limited that it could be gatekept by the elite few, plus additional supply wouldn't dilute the demand for gold and may even increase it. Practical applications keep it from being relevant even if its visual appeal loses traction from the public, and it's a long-term commodity that has been in circulation ever since Humanity learned to like shiny things. So with that being said, as inflation goes up and the dollar value goes down, commodities and precious metals like gold and silver will remain increasing in value until such a point that it would stabilize again for a millennia or so. That's just how Gold works.

[Dalib]

Only one plausible answer, Gold will continuously increase in value.

The thing about gold is that it's the perfect investment. Limited supply but not that limited that it could be gatekept by the elite few, plus additional supply wouldn't dilute the demand for gold and may even increase it. Practical applications keep it from being relevant even if its visual appeal loses traction from the public, and it's a long-term commodity that has been in circulation ever since Humanity learned to like shiny things. So with that being said, as inflation goes up and the dollar value goes down, commodities and precious metals like gold and silver will remain increasing in value until such a point that it would stabilize again for a millennia or so. That's just how Gold works.

While gold has been a valuable commodity for centuries and has been used as a store of value, it is important to note that its value can also be subject to fluctuations in the market. While it is true that gold has practical applications and a limited supply, its value can still be influenced by factors such as changes in demand, geopolitical events, and economic conditions.

Additionally, while gold may be a good long-term investment, it may not be suitable for all investors. Investing in gold requires careful consideration of market conditions and the investor's risk tolerance, as well as the potential for storage and security costs.

[rojan]

The majority of older people think that gold is an excellent long-term investment, particularly if it means leaving riches to their children when they pass away. Having a backup of your finances is really fantastic, and gold is one of them because gold is one of the investment methods that is genuinely lucrative in the long term and it will endure till the end. I do invest in gold, though not that much for that thought as well.

I think it will not be bad if you can keep investing in gold. If you can keep investing in gold, you will get good profit like bitcoin. But if you invest in bitcoin, there is a chance to make a lot of profit. Again, there is a chance to lose the money invested in bitcoin due to your own mistakes.  Yes. But if you invest in Gold, there is never a chance to lose money. I want to invest both my Gold and Bitcoin.

[Inwestour]

I think it will not be bad if you can keep investing in gold. If you can keep investing in gold, you will get good profit like bitcoin. But if you invest in bitcoin, there is a chance to make a lot of profit. Again, there is a chance to lose the money invested in bitcoin due to your own mistakes.  Yes. But if you invest in Gold, there is never a chance to lose money. I want to invest both my Gold and Bitcoin.

Do not think that buying gold is so easy and can provide you with a guaranteed income, remember that every investment is subject to risks. Don't forget Roosevelt's Executive Order 6102, when gold was taken from the population during the Great Depression. Therefore, as you can see, risks are always present, in any investment. But gold still looks very attractive as an investment, along with real estate, but such investments require a lot of money.

[imamusma]

I think it will not be bad if you can keep investing in gold. If you can keep investing in gold, you will get good profit like bitcoin. But if you invest in bitcoin, there is a chance to make a lot of profit. Again, there is a chance to lose the money invested in bitcoin due to your own mistakes.  Yes. But if you invest in Gold, there is never a chance to lose money. I want to invest both my Gold and Bitcoin.

Do not think that buying gold is so easy and can provide you with a guaranteed income, remember that every investment is subject to risks.

No investment is free from risk, even if the government guarantees it. Banks guarantee their customers' investments, but the risk that most often occurs to customers is losing all or part of their savings due to being hacked or stolen by unscrupulous bank employees themselves. Return are not necessarily obtained, all of these nominals are hopes that may be obtained but there are no guarantees.

Gold was a good investment even before satoshi introduced bitcoin to the community. Gold is used as a medium of exchange or as a store of value asset or as an investment asset. Many investors become rich because of gold, but of course gold investment also has risks that cannot be completely avoided. Gold returns are not as high as returns on bitcoin or other investments such as real estate, but gold has become more expensive over the years and is still the most common investment choice worldwide even if returns are not guaranteed. The price of gold fluctuates, of course, but I can safely say that any gold investor who has done so in the last 10 years has gotten decent returns.

[pooya87]

The whole two year gold price chart looks interesting. Ever since all the global drama began back in February 2022 the gold price took a dive which is interestingly the period where a handful of countries start buying large amounts of gold.

Ever since October last year when I started this topic the market started reversing and basically that was near the bottom at $1600. Today which is about 6 months later the price is already 25% higher at ~$2000.

I'm still curious as to where this is heading specially since compared to 6 months ago a lot more countries have joined in the dedollarisation movement and dumped a lot more dollars. Part of them have to move into "gold standard" like decades ago.

[marcous]

Gold returns are not as high as returns on bitcoin or other investments such as real estate, but gold has become more expensive over the years and is still the most common investment choice worldwide even if returns are not guaranteed. The price of gold fluctuates, of course, but I can safely say that any gold investor who has done so in the last 10 years has gotten decent returns.

We don't need to compare the returns on gold with other investments, but gold is called a safe haven investment to make sure the owner can save long term without worrying about the impact of price fluctuations because every year the price of gold definitely increases a few percent even though it's not as high as expected, I think you have to have some gold investment rather than saving money in a bank which has an impact on inflation will experience a lower currency value.

[Baoo]

Well, gold price has been progressing solidly since 2016, it went from $1100/oz  to  $1900/oz and to be honest, it has to potential to increase more in next years despite the global economic crisis and inflation. In my opinion, it is preferable to invest in hard assets such as gold, sliver, real estate, diamonds..etc instead of taking a risk by putting on your money in digital currencies, it is certain that Bitcoin investment is fruitful but what if the market suddenly shut down? Or Bitcoin’s price decreases dramatically to $10k ? Or your wallet gets hacked? .You have to expect the expected , we have no idea what tomorrow is gonna bring for digital currencies, that’s why we have to be completely prepared for all expectations and make different plans to minimalise the risk.

[kawetsriyanto]

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?

We only can conclude that Gold is over when it has no value anymore. As long as it has quite stable value and still many demands of it, it is untrue to say "Gold time is over / has passed". I am not a Gold lover (I'm Bitcoiner), but I don't deny that Gold is still one of the favorite investments. Gold and Land are the 2 main choices for people to invest their money here, I'm surprised that you say no people invest in Gold at your place. Where do you live, mate?

I support innovation, that's why I am here as a crypto investor/trader. But I don't deny that I also need something like Gold or Land where I can put my money without high risks. We can't invest blindly all our money in something that has high risks, some money needs to store on a bit stable things. And I think we also need investment in real things like Gold/Land, don't put all our money in digital assets.

This is my own perception,

DWYOR