What do you think of gold price in long term?

[coupable]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

[1714658758]

1714658758

[1714658758]

1714658758

[1714658758]

1714658758

[1714658758]

1714658758

[1714658758]

1714658758

[1714658758]

1714658758

[ChiBitCTy]

I personally think that people should still use and consider gold as nothing more than a hedge asset ( when its in its physical form), and not something to use to make money off of.  That being said, we are mining the ever living shit out of silver and gold and all other sorts of metals and precious metals, and we are getting to a point where it's going to be much harder to dig deep down like we'd have to to get gold.

I think that eventually, and I have no idea when, but eventually gold will double in value.

[shinratensei_]

gold value will of course kept increasing, gold value coming from general believe of the people that it's the only thing that saves them from the inflation.
we all know that in every massive inflation, like in the brink of crisis, gold value always increase, this only means demand is increasing which could also means that many are still resorting in gold in order to save their money.
therefore as long as such thing is still a thing, gold will always have its value increase overtime, even though it actually have low utility, it still considered something that's precious.

even though the valuation of gold is also quite fluctuative sometime and quite frequently it losses some value but it never stray from the fact that it grows linearly.

[skarais]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

I agree that gold is not going to lose value in the long term because it has some pretty good real use cases. Of course gold has been used as jewelery, investment assets and more, this has definitely proven beneficial in the long term. I also rarely compare gold with other investment assets because for me gold is not only an investment asset but also a piece of jewelry.

In the long term (10 years from now) it is possible that gold will become more expensive than it is today. People's interest in gold has always increased from year to year, so I think this assumption is becoming very strong.

[Sithara007]

Those who claim that gold price will go up in the future needs to remember a few facts. Gold as such is abundant in earth's surface. For example, the amount of gold that is dissolved in the oceanic water is estimated at 20 million tons (total amount of gold that has been mined till now is only around 200,000 tons). However, only in a few cases, the gold ore is concentrated enough to make the mining economically viable. That said, technology is advancing at a break-neck speed and it is quite possible that in the future mining gold from ores of lower concentration may be made possible. In that instance, the demand-supply equilibrium maybe disrupted and the gold price may crash.

[monedauno]

A:

It's hard to say for sure, but there are a few factors that could play a role in this:

First of all, gold is a currency that can be traded for a variety of things, including gold bars, bullion bars, etc. This is the most important thing to keep in mind when looking at gold price.
Second, gold has a lot of volatility and volatility is not a good thing to have in a country like the US. It's very difficult to get rid of it, especially if you're going to have a lot of cash on hand at the end of the day.
Third, gold is volatile and can fluctuate over time (e.g. a year or two) and you need to be careful about how you deal with it.
Fourth, gold is not the same as other currencies like USD, GBP, etc. So the fact that it's volatile is a big problem for the currency system.
Fifth, gold is more of a risk than other currencies, especially in times of war, like the US-Afghanistan conflict in the 1980s and '90s.

A: Tipping point: gold is the world's most precious

[Synchronice]

I personally think that people should still use and consider gold as nothing more than a hedge asset ( when its in its physical form), and not something to use to make money off of.  That being said, we are mining the ever living shit out of silver and gold and all other sorts of metals and precious metals, and we are getting to a point where it's going to be much harder to dig deep down like we'd have to to get gold.

I think that eventually, and I have no idea when, but eventually gold will double in value.

Gold definitely isn't something which one can buy and expect a high profit margins because it's a very different case compared to other investment options. Gold has been in use for centuries and it remains an important reserve asset. Important reserve asset won't be volatile enough to make someone very rich or very poor.
By the way, I don't understand why Russia and China still prioritize gold and increase its reserves when Western countries have the highest gold reserves that no one can deplenish even if they buy tons of it.

[Moeda]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

Actually gold is not something that is difficult to get. Gold can be produced from nature, it's just that it takes expertise to get it. If gold can be purchased in tons, it means it is not scarcity. However, the price of gold is stable, and will not lose value.

[mm2543363580]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

Actually gold is not something that is difficult to get. Gold can be produced from nature, it's just that it takes expertise to get it. If gold can be purchased in tons, it means it is not scarcity. However, the price of gold is stable, and will not lose value.

Where I live gold prices are increasing drastically with each passing day and its impossible for any one to buy it or own it except from rich people obviously.
People wish to own it as their assets and investment because it is thought as a reason for financial stability for them.

[coupable]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

Actually gold is not something that is difficult to get. Gold can be produced from nature, it's just that it takes expertise to get it. If gold can be purchased in tons, it means it is not scarcity. However, the price of gold is stable, and will not lose value.

Perhaps I did not understand your point well, but I can see that you built your idea on an imaginary premise; Because gold is one of the rare metals that cannot be produced as abundantly as you can imagine. There are scientific studies that can estimate the global stock of gold and for how long the mines will continue to produce, especially if we are able to produce substitutes for gold, and therefore its use will decrease and its price will decrease (it is difficult to happen) or that gold will be compensated in some of the functions that it performs, such as using it in Precision industries, and thus we will be able to benefit more from the world's reserves of gold, which are very limited.

[19Nov16]

Gold is a type of investment that has been used since humans have known transactions, in the past people only used gold and silver so the transaction system was very simple and there were never problems such as inflation, in my opinion gold is the safest investment compared to others, if the property can go down but gold it won't drop significantly so when we need money we won't lose money. so that gold is a decent type of investment that we make the first priority.

[Bitcoin_people]

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.

People who have invested in gold for a long period of time have benefited greatly. The price of gold has increased tremendously over the past few days and those who have invested have reaped huge profits. Especially when fiat currency values were dumped in countries around the world to make up for their deficits with all the gold they held in reserves. Economically, they have earned huge profits by investing in gold. So investing in gold for a long period will definitely give good profits in the future.

[MCUKing]

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.

Gold has a significant role in the traditional financial market, even in this digital world gold is the most prioritise Store of value and its been used as a medium of exchange for thousands of years. China is shifting to Gold reserves for a long time and I think there is a reason which should need to be considered. In any type of crisis, the most trusted commodity is only Gold. Bitcoin can be but for now, it's just Gold and if a crisis happens in the future then China can directly secure its Economic cycle with the gold reserves.

Gold is a Store of Value.
Gold is Liquidity.
Can be used on Industrial Scale.
Even hedge Against Inflation (On some points).

But gold also has no fixed supply of 197,576 metric tons as of 2021, and global gold mine production was 3,200 metric tons in 2020, which is less than 3,463 metric tons in 2019 due to the COVID-19 pandemic.


Sir what I think is China and India are not expecting long-term returns from the gold in my view it can be considered as a security against pandemic situations like Global disease, Wars, or any type of Natural Disaster. So this ca be a reason e haven't seen any significant price changes. But gold has potential for the future good returns from long-run view but the involvement of the major countries is indicating there can be some other role for which gold is getting chosen.

[DevilSlayer]

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.

People who have invested in gold for a long period of time have benefited greatly. The price of gold has increased tremendously over the past few days and those who have invested have reaped huge profits. Especially when fiat currency values were dumped in countries around the world to make up for their deficits with all the gold they held in reserves. Economically, they have earned huge profits by investing in gold. So investing in gold for a long period will definitely give good profits in the future.

It is called as God's money by a lot of wealthy people, because it is one of the assets that its value keep increasing over the period of time. I also have gold investments especially when it come to wathes and necklaces. My father gave his bracelet to me and he said that he bought it for $400 during his teenager but the price is now already $1000 in the market. This is just one of the proof that the value of gold keeps increasing over time. Most of the wealthy persons diversify their wealth and they allocate most of their money to buy gold because it is one of the assets that are pandemic proof and recession proof. There are assets that should be avoided during recession like stocks, bonds and crypto because dumps can happen in any moement but unlike in gold, it will not move because it is recession proof and the gold prove it over the past recessions.

My recommendation is: if you are starting out as an investor, do not put all of your money on gold because there are a lot of assets that can give you huge returns in short period of time. The goal is quickly multiply your capital and not protect it if you are new in this market but if you are the type of investor who considered as "rich" and "wealthy" then it is the time for you to start putting huge allocation of your assets in the gold because its value will increase overtime and you can also pass it in your childrens.

[jokers10]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

Industry uses not so much gold of entire its mining. Much more is used for jewelry and holding as bullions. So if a vogue on gold will pass and people will prefer jewelry of some other kind, gold proce can go down even while it will hold its value for industry. We can expect that it will unlikely happen really soon, but we should understand that it is possible. There are many alternatives to gold both in jewelry and in industry, so it is not irreplaceable and its price can easily go down one day.

[GigaBit]

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.

World economy is facing extreme threat due to war and considering this situation, many countries have insisted on large gold reserves to keep their economy afloat. That is why various countries are already buying gold to strengthen reserves to get proper value of money. If every country takes such an initiative then naturally the price of gold will increase to a large extent. But we know that gold is extracted from mines and there is no limitation in this case. If new gold mines are discovered in the future, the price of gold may fall drastically.

[kapalmabur]

Gold cannot lose its value since it is an in-kind asset that carries a functional value.  You can imagine the uses of gold in general in its natural capacity as a precious metal.  Actually, gold cannot be compared with the rest of the assets in the market, including precious materials, due to its scarcity.

Industry uses not so much gold of entire its mining. Much more is used for jewelry and holding as bullions. So if a vogue on gold will pass and people will prefer jewelry of some other kind, gold proce can go down even while it will hold its value for industry. We can expect that it will unlikely happen really soon, but we should understand that it is possible. There are many alternatives to gold both in jewelry and in industry, so it is not irreplaceable and its price can easily go down one day.

It's true that we also need to think about things like that because as you said, the possibility will always exist,
but regardless of whatever it is I still see that gold is still the dream of many people,
we'll see what it will be like in the future.

[usekevin]

Gold price is not the stable one,it will change with the certain period of time.In my country gold price was 20 times of good price before 10-12 years.When you calculate,20 times with 10-12 years is big difference in gold.If you want to inverse with physical assets,the better option for the long time is Gold.If you ready to inverse for longer period, you can choose the bitcoin or trusted cryptocurrency for your savings.Because risking on less background coin will leads to the loss.You can choose ten different crypto currencies for the investment of your saving money.So you can split the savings to ten parts,then invest that ten parts to buy ten different cryptocurrencies.You surely get ten percentage as profit from any one invested coin.

[Gyfts]

Gold nearing all time high as banking concerns mount: https://www.reuters.com/markets/commodities/gold-advances-us-fed-hints-rate-hike-pause-2023-05-04/

I had understood that the market was on edge after all the banking collapses but it seems odd to me that the institutional investors are all rushing to dump their money in gold or related assets. I suppose they don't see any other assets that would give them stability.

Looking at the historical chart here: https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

You can obviously find correlation with major economic events but IMO, that's all gold will do, keep your funds relatively secure if other assets are fluctuating wildly. They won't incur much growth over time.

[summonerrk]

~~~.

Gold has always been the number one currency in the world. Yes, the Indians had corn before him and the Maya had coffee beans.
But gold was accepted and will be accepted everywhere. Now it's too late to buy it because of the high price, you need to wait for peaceful times without a crisis. And now everyone is trying to buy it to calm themselves down.
Nevertheless, I find it strange since gold has no practical value. It is soft, and nothing can be made of it as a weapon or a sickle for reaping.