What do you think of gold price in long term?

[panganib999]

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's value isn't backed by anything. If anything it is backed by itself. The fact that we've been using gold since Humanity learned how to read and write is enough proof that Gold is here to stay, perhaps until the end of time. With that being said, I think no matter what the season is or what the current situation is of the world. Gold will remain valuable, and I could argue that since the dollar is consistently devaluing by itself, Gold will become more and more important especially for countries who have backed themselves to the dollar, at least to stop the domino effect that the impending Economic crash in the US is going to bring. Oil is not that valuable anymore, and if the statistical data matches real world values, may even become obsolete in the next 30-50 years or so. Gold however, will remain important and valuable.

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[hannahB4]

Gold is a natural resource that is visible and durable. It has existed for more than two decades, and its value has been on the increasing end. For me, the price, in the long run, will be on the increase because it will increase in value and sustainability.

[WatChe]

Gold's value isn't backed by anything. If anything it is backed by itself. The fact that we've been using gold since Humanity learned how to read and write is enough proof that Gold is here to stay, perhaps until the end of time. With that being said, I think no matter what the season is or what the current situation is of the world. Gold will remain valuable, and I could argue that since the dollar is consistently devaluing by itself, Gold will become more and more important especially for countries who have backed themselves to the dollar, at least to stop the domino effect that the impending Economic crash in the US is going to bring. Oil is not that valuable anymore, and if the statistical data matches real world values, may even become obsolete in the next 30-50 years or so. Gold however, will remain important and valuable.

Gold price today is at its all time high ATH, so its not a good time to jump into it. Gold is universally accepted investment asset and has estimated market cap of over 13.361 Trillion USD. While global fiat currency is related to whoever is current superpower. Today USA is supreme power so we have USD as global currency. We can have new global fiat currency in case power paradigm shifts to some other country. Gold is and will remain there as an asset of investment.

[cafee_orange]

for me gold is a store of asset value, rising and falling gold prices are not much different. when compared to saving dollars or other fiat money then in my opinion it is better to replace it by saving Gold if it is in a long term pattern.

[erep]

~~~.

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.

The price of gold has increased this year but the fact that it is never too late to invest in gold until whenever, only some people want to buy it at a low price to get high profits when the price increases again, but the price of gold does not drop significantly it only drops $ 20-30 for the lowest price range , gold is the safest investment so it doesn't matter if you buy at a high price but it takes several years to get high profits.

[serveria.com]

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 we take a look at the graphs, we'll find out that gold is in fact the most boring, stagnant and dull asset there is. Nothing ever happens in the world of gold and if the price grows it's just for a brief moment and it soon goes down to the initial point or lower. It's often considered a hedge against inflation or a safe heaven and I could agree with that but nothing more... not a very good investment if you ask me. Stability - yes, opportunity -no.

[DiMarxist]

The price of gold has increased this year but the fact that it is never too late to invest in gold until whenever, only some people want to buy it at a low price to get high profits when the price increases again, and gold price today is at its all time high ATH, so its not a good time to jump into it. Gold will remain there as an asset of investment. Gold is here on Earth's for more than years, and it's still available, in the world majority of the countries are still using gold. Gold however, will remain important and valuable.

[Uruhara]

The price of gold will definitely be high from year to year. because the historical record of the current gold price has proven it. but the price increase is actually the impact of the declining value of each country's currency. Thus making it seem as if the price of gold is getting more expensive over time. but actually the value of gold is still the same if we convert it with the prices of animals and land. It's just that the currency that is affected by inflation makes Gold worthy of being used as a store of value asset.

[Unbunplease]

If government cryptocurrencies were to be used everywhere, would gold be necessary in that case? The whole question is what will state cryptocurrencies end up being tied to - or will they just end up having a limited supply? Thus, the price of gold will either rise in the future, or gold will simply have no value.

[TelolettOm]

However, we haven't seen any significant changes in gold price yet to approve the above news.

Gold price isn't like crypto price, it has no high volatility as crypto coins. So, we can't expect for a very significant move in Gold price instantly although there is some good news. I assume the Gold price may increase gradually, more positive news means more constant rising in the price.

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.

More demand for Gold, means positive news for Gold price/value.
If more countries add their Gold investments, We can expect the price of Gold will increase continuously in the next few years. Gold is always a favorite investment, it is not surprising that more countries add their Gold. Moreover, once dollars or fiats become worse, they need something more stable to put their money. Gold value seems quite stable from year to year, it is one of the safe investments.

[STT]

In theory the gold price never varies, its the price and value of everything else around it.  That would take some doing but its not too much to say that gold is far less changeable then most other commodities and FIAT currency which modern day we all know has become victim to politics and debt more then actual national productive capacity, wealth etc.

[Semar Mesem]

For those who already have millions of dollars, don't ever hesitate to buy gold, don't be interested in other investments that promise big profits but you leave gold behind, the mistake people make is being too ambitious to get big profits by taking risky types of investments so what happens is loss, gold investment is the safest type, and profit even though we save it for the long term.

[jokers10]

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.

Main problem in relying on what was always is that nothing was always and nothing will be. So we can expect that price of gold will unlikely go down but one day it will and if all our plans were on that it won't, we'll lose. Probability theory teaches us that every event with a low probability is possible. We all know that there is an asteroid in the asteroid belt where there is a lot of gold. Who knows how soon can science and technology make it possible to get it to Earth? And it is just another one of possible things which can make price of gold the matter of new curcumstances.

In short term we all expect gold will be stable or growing, but when we talk about years or dozen of years... well, I'm not so sure.

[gunhell16]

Gold is used for a long time, and if you have the budget to buy gold, you can have it. And even at this time, I can't deny that it's still a good investment. No one knows what its future value will be in the long term.

It's not like Bitcoin which has a halving every 4 years. So most say Bitcoin is a good long-term investment. But I can't say that gold is not a good investment, but of course, Gold is still a good investment.

[ancafe]

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.

The countries you mentioned are not buying bitcoins massively to solve the fiat complex and they prefer gold to be stored in bulk, even though gold and bitcoin are close to equal bargaining values in the future and both can retain the value of the assets they hold, it's just that the price fluctuations of the two are different, because gold tends to be stable and does not fluctuate like bitcoin. They still maintain the that bitcoin is not a source of freedom and are still ashamed to admit its advantages, so whatever decision they make, so don't take chances in bitcoin.

However, we haven't seen any significant changes in gold price yet to approve the above news.

Gold was once victorious in its time and holders or in other words those who kept it did not have a large return effect, because the increase in gold prices every year tended to be stable and slow, gold was also able to survive in the midst of recessions and inflation. Maybe that's one reason for the country to buy more gold.

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.

All my comments are personal analysis and I want to say that gold and bitcoin are almost similar in their journey, but talking about bitcoin returns is much more reliable even though it is very risky due to price fluctuations, while gold is stable and unable to provide large returns in the long term or short term.

Take a look at the heyday of gold and compare when bitcoin was introduced to today and you will find the answers to the questions you want to know and I am also one of those people who save gold and till now not get big returns.

[barisbilgili]

Gold is used for a long time, and if you have the budget to buy gold, you can have it. And even at this time, I can't deny that it's still a good investment. No one knows what its future value will be in the long term.

It's not like Bitcoin which has a halving every 4 years. So most say Bitcoin is a good long-term investment. But I can't say that gold is not a good investment, but of course, Gold is still a good investment.

Gold is a very promising investment for the future because its value doesn't move far, maybe even longer the price will increase in very small amounts.
it is inversely proportional to Crypto which has quite significant price movements that allows many things to happen.
if you look at the price of gold in recent years, not much has changed, everything has increased slowly and of course that way everyone doesn't hesitate to invest in gold for the long term.

[posi]

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 we take a look at the graphs, we'll find out that gold is in fact the most boring, stagnant and dull asset there is. Nothing ever happens in the world of gold and if the price grows it's just for a brief moment and it soon goes down to the initial point or lower. It's often considered a hedge against inflation or a safe heaven and I could agree with that but nothing more... not a very good investment if you ask me. Stability - yes, opportunity -no.

Gold is not a good investment for most of us, because its volatility is quite small, and we don't have too much money to invest in it. But billionaires, they have billions of dollars, and with just a slight volatility in gold, they can make as much money as we work all our lives. It is a mistake to say that gold is not a good investment, but rather it is not for retail investors like us. Gold and real estate will always be the safest and most popular assets, there's no denying that.

[spectre71]

It's a part of a portfolio. Diversification is a smart thing to do. I take profits and spread them out when an asset class get's over heated.

[MoonOfLife]

For those who already have millions of dollars, don't ever hesitate to buy gold, don't be interested in other investments that promise big profits but you leave gold behind, the mistake people make is being too ambitious to get big profits by taking risky types of investments so what happens is loss, gold investment is the safest type, and profit even though we save it for the long term.

This is true, if I have millions of dollars, I will also invest in gold, it is both safe and gives me good returns. Many people who say that gold is no better than bitcoin are people who don't have the money to invest in gold. They are using their little money to invest in bitcoin and want to be able to get rich from bitcoin. This is the bare truth that many people dare not face.

[judaspriest]

For those who already have millions of dollars, don't ever hesitate to buy gold, don't be interested in other investments that promise big profits but you leave gold behind, the mistake people make is being too ambitious to get big profits by taking risky types of investments so what happens is loss, gold investment is the safest type, and profit even though we save it for the long term.

This is true, if I have millions of dollars, I will also invest in gold, it is both safe and gives me good returns. Many people who say that gold is no better than bitcoin are people who don't have the money to invest in gold. They are using their little money to invest in bitcoin and want to be able to get rich from bitcoin. This is the bare truth that many people dare not face.

The risk of investing in gold is certainly not as big as investing in crypto,
in the midst of the onslaught of crypto I think gold is still the choice of many people to invest in and there's no doubt about it,
Gold price movements can also be said to be more stable when compared to crypto.