Increasing dominance of gold

[shinratensei_]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Well bro you were right haha as of today gold is hitting a new all time high and is not stopping even at the current high, I guess its target is even higher but at the end this money might go into other risky assets once the holders start booking profit because they always move their money into something else.

But you were right haha, I hope I could tell this to you at that time, but I was not so active observing the Gold or Silver but now they have made people super rich that like in crypto we used to see Crypto mentors that sells their courses, I have been seeing some selling their courses so they can help us make huge profit from gold and silver over night haha.

Courses for investing in gold and silver is pretty funny. You literally throw money at it and it will grow. Doesn't matter if it's a good time or not. just wait it out.
Why would one even need a course  .

[Fortify]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

"Dominance" is a strange term, sure gold has gone up in price recently and certain countries are dumping US debt, but don't assume that this will always be the case. The US currently has an dumb president but that will resolve itself, maybe by the end of this year if he is impeached for the numerous crimes and then the US can go back to healing. China is the big player in the market, because they don't want the danger of being exposed to America any more, because of all the trade abuse that has been happening since Trump got in. It's possible that gold will continue to go up for the forseeable future and it still looks fairly cheap now if you compare it against a crypto like Bitcoin, but there is always going to be more gold entering the market.

[suhadi88]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Gold prices will continue to rise and be pumped up for a greater purpose, and that's positive and inevitable. It's possible that we'll see ATH after ATH over the next 1 year 11 months.

If crypto like BTC becomes an alternative reserve someday, it will be very interesting to see how market players react, and my feeling is that it will happen when geopolitical stability is stable.

[whiteblue]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Gold prices will continue to rise and be pumped up for a greater purpose, and that's positive and inevitable. It's possible that we'll see ATH after ATH over the next 1 year 11 months.

If crypto like BTC becomes an alternative reserve someday, it will be very interesting to see how market players react, and my feeling is that it will happen when geopolitical stability is stable.

This isn't much different from what I said in a similar thread, but regarding gold, it will definitely experience a correction this year because it's impossible for it to continue rising. If you look at the gold chart now, it's very high and the chance of it rising again is very small. It's likely to correct to $4,000 and stabilize around $4,300-$4,600, but in the near term, it has a probability of exceeding $5,000. The current situation is still very hyped and the increase will continue.

[Royal Cap]

Gold prices will continue to rise and be pumped up for a greater purpose, and that's positive and inevitable. It's possible that we'll see ATH after ATH over the next 1 year 11 months.

If crypto like BTC becomes an alternative reserve someday, it will be very interesting to see how market players react, and my feeling is that it will happen when geopolitical stability is stable.

This isn't much different from what I said in a similar thread, but regarding gold, it will definitely experience a correction this year because it's impossible for it to continue rising. If you look at the gold chart now, it's very high and the chance of it rising again is very small. It's likely to correct to $4,000 and stabilize around $4,300-$4,600, but in the near term, it has a probability of exceeding $5,000. The current situation is still very hyped and the increase will continue.

It makes sense that gold will remain strong in the long term, especially given global uncertainty and central bank buying. However it seems a bit too optimistic to me that we will see back to back ATHs for almost two years. Markets usually need time to cool down in between. A correction in gold this year is very natural as the current chart is in a tight spot. And if BTC ever becomes a true alternative reserve, it will likely be when the geopolitical situation is much more stable. While gold is strong for now it is realistic to have normal fluctuations before a big move.

[Abiky]

Bitcoin has the potential to become a safe haven asset and an alternative to gold. But honestly, I do not think that will become a reality anytime soon, and it will take a long time for Bitcoin to achieve that

It is no coincidence that gold is recognized by all of humanity as a safe haven. To achieve that, it must prove to the world that it can survive and be reliable by overcoming hundreds of wars, pandemics, and economic crises. Although Bitcoin did not need to go through the same thing because the world is different now, everything takes time. Bitcoin will not become a safe haven and gain the world's trust simply because it resembles gold

Regarding the price of gold, I once believed it would reach $5k this year, and perhaps that will happen sooner than I predicted. Gold price touched $4,9k today, and I will take partial profits on my gold investment when the price reaches $5k

Well, Bitcoin is still in its infancy. It has a long road ahead before it becomes mature enough for mainstream use. Governments, banks, and institutional investors are buying it like crazy, so there's a bright future ahead of it. "Wall Street" has often proclaimed Bitcoin to be "Digital Gold". Maybe it will replace Gold, or maybe not. We won't know for sure.

At least, Gold is having a good run. Those who held it prior to $4.9k should be considered lucky now. Same goes to Silver holders. As long as US President Donald Trump continues to be unpredictable, market prices for risky assets will rise like there's no tomorrow. We'll see what happens by the end of his term in 2029.

[passwordnow]

It makes sense that gold will remain strong in the long term, especially given global uncertainty and central bank buying. However it seems a bit too optimistic to me that we will see back to back ATHs for almost two years. Markets usually need time to cool down in between. A correction in gold this year is very natural as the current chart is in a tight spot. And if BTC ever becomes a true alternative reserve, it will likely be when the geopolitical situation is much more stable. While gold is strong for now it is realistic to have normal fluctuations before a big move.

I think that if ever gold starts to correct, the money will flow to Bitcoin. Most of these investors don't want to let their profits sit in cash and that's why they're moving it here and there. One of the best choice that they'll pick is Bitcoin. That's on timing because if ever they have a background in the gold market, they'll know for sure that this year is going to be one of the best times to buy bitcoin. So, moving the money they've made is a usual thing as well. But if it's shown that Bitcoin keeps on following its ATH again, there can be a slow down to BTC inflows but that's normal as we're heading to bear market.

[Ivystar5]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Gold prices will continue to rise and be pumped up for a greater purpose, and that's positive and inevitable. It's possible that we'll see ATH after ATH over the next 1 year 11 months.

If crypto like BTC becomes an alternative reserve someday, it will be very interesting to see how market players react, and my feeling is that it will happen when geopolitical stability is stable.

In as much as we still have the people who are not digital yet but more like the people from the old or analogue life we will find it very difficult to see Gold decline much but instead it's going to maintain it's relevance to a large extent.

However bitcoin is going to do the same but the world isn't ready for bitcoin to do that but from what we are seeing with bills trying to be passed into law, it's guaranteed that bitcoin has gone beyond a doubtful stage but now in a position where it may go up continuously but not taking the relevance of Gold.

[suhadi88]

This isn't much different from what I said in a similar thread, but regarding gold, it will definitely experience a correction this year because it's impossible for it to continue rising. If you look at the gold chart now, it's very high and the chance of it rising again is very small. It's likely to correct to $4,000 and stabilize around $4,300-$4,600, but in the near term, it has a probability of exceeding $5,000. The current situation is still very hyped and the increase will continue.

Yes, the market is holding the price at 5K at the moment.

For the correction,  this is likely and very likely to happen, as some large holders will take profits at this point and buy again when the price is deemed reasonable, whether between $4K or $4.5K. However, if buyer interest and expectations remain strong for gold, suggesting that gold is a viable asset during the current geopolitical heat, it's not impossible that prices will surge even if a small correction occurs.

This seems premeditated, and will likely stop at a certain price within the next year or two.

[Hanadawa]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Gold prices will continue to rise and be pumped up for a greater purpose, and that's positive and inevitable. It's possible that we'll see ATH after ATH over the next 1 year 11 months.

I also believe that in the next two years, gold prices will reach an all-time high before a correction occurs. I believe this is still a good time to buy gold before 2027. Currently, the global geopolitical situation and several countries known to be increasing their gold reserves will cause the value of gold to continue to rise each month. Dedollarization has already been implemented by several countries. But I don't think the United States will remain a mere spectator. I believe what the United States is currently doing is a strategy to dampen the dedollarization hype. If the United States succeeds in controlling Venezuela, which has the world's largest proven oil reserves, the dollar will strengthen even further. Perhaps in the next few months, we will see an increasingly strong dollar and gold continue to reach all-time highs.

[aylabadia05]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Less than two months before a year has passed since you made this post, if you are still active today, you can see how the price of gold has risen. In fact, just a few days ago, the price of gold rose by almost two days in a single day.
Believe it or not, many people today have a different level of knowledge compared to previous generations, before the internet was born.
People are becoming smarter in responding to the economic system created by the government. They know how to act to protect the value of their respective currencies.

[DanWalker]

I think that if ever gold starts to correct, the money will flow to Bitcoin. Most of these investors don't want to let their profits sit in cash and that's why they're moving it here and there. One of the best choice that they'll pick is Bitcoin. That's on timing because if ever they have a background in the gold market, they'll know for sure that this year is going to be one of the best times to buy bitcoin. So, moving the money they've made is a usual thing as well. But if it's shown that Bitcoin keeps on following its ATH again, there can be a slow down to BTC inflows but that's normal as we're heading to bear market.

Remember, the world still views bitcoin as a speculative asset, not a safe haven. This mean that as long as geopolitical tension do not ease, the economy will continue to face difficulties. Do not expect that large investors would risk shifting their funds to risky assets.

Given the sharp rise in gold prices, a price correction is almost inevitable. But I doubt they will pour money into bitcoin. Instead, they will wait to buy back gold at a better discount.
We may need to wait a long time before money flow back into the cryptocurrency market, IMO.

[jostorres]

Remember, the world still views bitcoin as a speculative asset, not a safe haven. This mean that as long as geopolitical tension do not ease, the economy will continue to face difficulties. Do not expect that large investors would risk shifting their funds to risky assets.

Given the sharp rise in gold prices, a price correction is almost inevitable. But I doubt they will pour money into bitcoin. Instead, they will wait to buy back gold at a better discount.
We may need to wait a long time before money flow back into the cryptocurrency market, IMO.

It's not that the world sees bitcoin as a speculative asset, it IS one, if you just look at 2024 September and 2026 January, you can see that it has gone from 40k to 125k to under 90k, all within this span, how many assets in the world grown that much and fell that much all within the same time period.

Bitcoin will not be invested as much as gold until it's way higher. If bitcoin becomes a million each, that's a lot, and when that does happen, going up and down this much will be harder because it would require a lot more money, then maybe we can be preferred over gold.

[imthegreat]

I was watching a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean that price of gold will be uncontrollable in coming years ? Is it going to affect the buying behavior related to gold for common people ?

Previously, it was widely believed that gold was the best safe-haven asset in history among all assets. This is because gold has always held value throughout history, because it is tangible. It is beautiful, and jewelry made from it has always been highly valued.  And now, in technology, gold is also a very necessary metal that cannot be replaced by any other. 
It's surprising, then, that gold prices are currently rising and reaching new all-time highs, which shows that in people's minds, the most valuable asset is still something they can touch. And this is strange, because a gold bar itself is bulky and difficult to transport.

[fuguebtc]

Previously, it was widely believed that gold was the best safe-haven asset in history among all assets. This is because gold has always held value throughout history, because it is tangible. It is beautiful, and jewelry made from it has always been highly valued.  And now, in technology, gold is also a very necessary metal that cannot be replaced by any other. 
It's surprising, then, that gold prices are currently rising and reaching new all-time highs, which shows that in people's minds, the most valuable asset is still something they can touch. And this is strange, because a gold bar itself is bulky and difficult to transport.

In terms of storage, gold is bulky and difficult to move compared to bitcoin or other digital asset. But you need to understand that trust and confidence do not come from convenience, but from time

As you said, gold has existed and retained its value for thousands of years. It existed before both the banking system and fiat. It has survived hundreds of war, pandemic, and the collapse of countless empire, and still stands today. Therefore, it is no surprise that people still trust it more than anything new but unproven.

[Free Market Capitalist]

It's surprising, then, that gold prices are currently rising and reaching new all-time highs, which shows that in people's minds, the most valuable asset is still something they can touch. And this is strange, because a gold bar itself is bulky and difficult to transport.

What size of a gold bar? There are one-ounce bars and even smaller ones. An ounce of gold is like a large coin. In fact, there are one-ounce gold coins, and they fit in your pocket along with other coins. Just one coin like that is worth $5K.

I think you're thinking of one-kilogram gold bars, which are worth $160K, but even those aren't that big; they're about the size of a cell phone.

Let's illustrate:

In terms of storage, gold is bulky and difficult to move compared to bitcoin or other digital asset.

I imagine you're all multimillionaires, which is why you say such things. Whatever most of you who say this have in Bitcoin, you can store and transport in gold smaller than a cell phone.

[suhadi88]

I imagine you're all multimillionaires, which is why you say such things. Whatever most of you who say this have in Bitcoin, you can store and transport in gold smaller than a cell phone.

  you could, sir. The position remains the same for early holders, who always win first, if it's in the middle or at this point, it's not much different from the situation when BTC reached its latest ATH some time ago.

I still believe in BTC and its timeless status, that BTC is everyone's digital gold. It's just a matter of time before they move on.

[passwordnow]

I think that if ever gold starts to correct, the money will flow to Bitcoin. Most of these investors don't want to let their profits sit in cash and that's why they're moving it here and there. One of the best choice that they'll pick is Bitcoin. That's on timing because if ever they have a background in the gold market, they'll know for sure that this year is going to be one of the best times to buy bitcoin. So, moving the money they've made is a usual thing as well. But if it's shown that Bitcoin keeps on following its ATH again, there can be a slow down to BTC inflows but that's normal as we're heading to bear market.

Remember, the world still views bitcoin as a speculative asset, not a safe haven. This mean that as long as geopolitical tension do not ease, the economy will continue to face difficulties. Do not expect that large investors would risk shifting their funds to risky assets.

Given the sharp rise in gold prices, a price correction is almost inevitable. But I doubt they will pour money into bitcoin. Instead, they will wait to buy back gold at a better discount.
We may need to wait a long time before money flow back into the cryptocurrency market, IMO.

We've seen enough I think and that's why it's already going there if others still don't consider it as a safe haven. While geopolitics tension is there, people will think that they cannot lift their golds if ever they're part of the tension. So, looking for an alternative might lead them to look for Bitcoin. It only takes them their seed phrase to go with them if they're going to go somewhere else while bringing the wealth they have. They're not subject to anything at all although the volatility it has got is what they need to accept.

[MainIbem]

I imagine you're all multimillionaires, which is why you say such things. Whatever most of you who say this have in Bitcoin, you can store and transport in gold smaller than a cell phone.

  you could, sir. The position remains the same for early holders, who always win first, if it's in the middle or at this point, it's not much different from the situation when BTC reached its latest ATH some time ago.

I still believe in BTC and its timeless status, that BTC is everyone's digital gold. It's just a matter of time before they move on.

They're both very profitable asset, although gold just reached a new ATH but I'll still prefer Bitcoin over gold, it offers better risk management than gold in term of security and giving better return of investment on the long run, also, not everyone can afford buying gold but Bitcoin can be owned by both the rich and poor and can be easily carried about in a device so far it's stored in a good wallet and  your keys stored safely. Bitcoin can't be faked but it would be sometimes difficult to detect the authenticity of gold without a gold detector or purity tester machine.

[DanWalker]

We've seen enough I think and that's why it's already going there if others still don't consider it as a safe haven. While geopolitics tension is there, people will think that they cannot lift their golds if ever they're part of the tension. So, looking for an alternative might lead them to look for Bitcoin. It only takes them their seed phrase to go with them if they're going to go somewhere else while bringing the wealth they have. They're not subject to anything at all although the volatility it has got is what they need to accept.

Have you checked the market today? Gold and silver continue to rise, while Bitcoin continues to fall below $87k. I would not be surprised if Bitcoin fall below 7x if geopolitical tension continues.

Convenience alone is not enough for people to trust Bitcoin and consider it a safe haven for their assets. It needs to prove that it can survive and maintain its value in the face of major crises, wars, and economic downturns. And all of this takes time.

Bitcoin has the potential to be a safe haven, but not now or in the near future.