Increasing dominance of gold

[Zoomic]

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 ?

This is not just about the price of gold becoming uncontrollable in the future. Countries that choose to invest in gold instead of the US dollar are very smart. Every sane person knows that gold retains value better than the dollar. We can already see what is going on right now in most countries, many are already considering having crypto reserves. All these are better alternatives to the dollar, which is subject to inflation.

Countries that are intentional about the state of their economy will seek means to make the future better than the present. We shouldn't be surprised that countries are going for better alternatives that will preserve value for years because fiat, at this point, is no longer a solution.

[AVE5]

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 ?

There's a geopolitical economy sentiments which the US has solely strived on being ontop of the world power. Meanwhile there're lot of countries with potential resources that're to compete or even overtake the US.
So some of those influential countries has tends to boycott the promotion of the USD in regards that they're not in good economy terms with the US economy.
While the US tends to cripple those countries economy, they also have that terms of overriding the USD so that the US economy can go down for them to take place.
The reason to why bitcoin hasn't been accepted or talked about in most global economy countries is the peg of the USD.
That's why it's in anticipation of some of the countries that bitcoin should have it own stable coin that shouldn't be of any countries currency. Maybe there about it'll end the global economy sentiments of bitcoin where it absolutely becomes a no capital territory because as it now, the approval of bitcoin in the US and the USD know for the USDT stable coin on bitcoin have an overall sentiments.
This could just be one reason why gold is preferred than bitcoin by those countries in the case of federal or economy reserve.

[Hazink]

That's right, now for me the main question is whether something similar is going to happen with bitcoin. If central banks in the next few years are going to start holding bitcoins in their reserves, via bitcoin strategic reserve or otherwise, in the same way that they have long been holding gold, which they have been increasing for the most part in recent years.

Central banks might start taking that same route with Bitcoin, but they won't do it with the same speed and efficiency as they did with gold over the years. But they can use the same strategy since most country governments, like the US government during their early stage of gold accumulation, use strategies like fixing the price for gold, which is not possible for them to do with Bitcoin.

But they can use other methods that won't necessarily require them to use reserved funds or exchange their already existing gold before they can get bitcoin. They can make options like accepting bitcoin for tax and tariff, but I doubt that will happen anytime soon as there are many political players that will stop them from taking that path, but let's wait and see what will happen in the coming years.

[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 ?

Just now? Not really, as countries have been using gold since it was first discovered as a means to store value and diversify away from just holding the debt of other countries. You're just seeing gold in the news a lot more now because there are a variety of factors causing it to spike - countries like Russia and China are stocking up more because they have fewer outlets for foreign currency reserves, there is an ever present demand from some cultures and countries like India, along with the massive volatility that is caused by Trump's random announcements every other day that means the stock market is taking a pounding. It seems inevitable now that it will continue to drift upwards as investors use it as a "flight to safety".

[Bitcoin Smith]

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 ?

Countries does that all the time and it's nothing new, what might be happening is they started to prefer gold than USD in the recent days which might be due to the inflation on usd value is contributing factor to that and also US is sanctioning or tarrif to countries which retaliate by making this move to lose the dominance of US in the Geo political picture.

[TheUltraElite]

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 will always maintain itself as an asset. It is one of the assets that has a good long term value.

Now this is a bitcoin forum and the views will be skewed toward BTC. However try asking the same question to the common public and see the vivid reversal of skewness.

Bitcoin is also a good reserve, hence what I suggest is that keep both of them. Both have their own pros and cons - your best option is if you own both of them whatever the world does to it will become your advantage then.

[Minor Miner]

The question is not whether there is much gold in the world or not. Gold is contained even in sea water, though in microscopic quantities.

But in order to turn this gold into gold bars, you need to do a lot of work and spend a lot of money. In essence, this is "proof of work", the same PoW consensus algorithm. This is why gold has fundamental value.

Finding, mining and processing gold is extremely expensive and time consuming. That is why for over 1000 years, humans have not yet mined all the gold on the earth's surface, let alone elsewhere.

Most of the gold is not in jewelry, but in the form of bars in the gold and foreign exchange reserves of central banks of various countries.

In addition to being used as national gold reserves and jewelry, gold is also used in almost every industry and field in the world. Such as medical, culinary, electronics...That is also the reason why the demand for gold is never enough even though the world has mined 216,265 tons of gold.

If these central banks decide to sell this gold (for example, to buy Bitcoin), the price of gold will collapse several times.

This is not going to happen anytime soon or even ever because central banks holding gold is because it is stable and safe. Meanwhile, bitcoin is highly volatile, prone to dumping, manipulation...it does not suit the needs of central banks. So the scenario where banks will sell gold to buy bitcoin is just a rumor and not realistic.

[EarnOnVictor]

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 ?

I've always said that Gold is the real deal, you don't bet on or invest in it for centuries and regret your decision. I don't see it as a surprise for countries pumping money into Gold, and both individuals and companies are pumping their money into it as well because nothing is safer than Gold at the moment.

And of course, Trump is a major reason, he is rekindling unnecessary war that would lead to economic turmoil, so people are looking for where to keep their stack of money from depreciation. However, this will not be uncontrollable or cause inflation as you feared and that's why Gold's price structure was well-planned, it's a compressed commodity.

[asarfiar]

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 ?

From the primitive era to the modern age and the  of gold in the future, the demand for gold will continue to increase. We are investing in Bitcoin and waiting for a big ATH after the long -term. In addition to Bitcoin, you can store gold The use of gold is more than all countries of the world Common In some developed countries of the world, especially China, Russia has become very interested in storing gold Several days ago, the price of gold was quite satisfactory, but now the price has increased so much that people are out of touch.

Gold is the most used in every country in the world. So its natural resources are called the stir of the world. On the other hand, with gold, we refer to Bitcoin as digital gold because I would say that Bitcoin is growing in all countries of the world in a very short time, and we can even assume that Bitcoin will reach the highest peak in the future.

[landheer]

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 ?

I think gold has been a special attraction since gold was discovered until now, in general people choose gold to in storage because it is considered profitable because of its high selling price, and that continues and becomes commonplace as well as their countries save gold because it is more valuable than dolars, because of its belief as a tool whose value is not eaten by time and can support when a financial crisis occurs.

[Republikcoin.com]

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 ?

It could be that this will affect the behavior of the world's people in becoming more gold buyers because I also see that gold prices have often soared slowly lately without stopping and this could be because some countries already believe more in gold than in fiat currencies such as the US dollar. Moreover, some governments in developed countries are also quite aware that holding any fiat money will not increase its value which even has the potential to decrease in value during inflation. So the steps taken by some countries in choosing gold as their asset reserves are quite wise steps rather than just holding money like the US dollar.

[Tipstar]

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 is an important reserve assets. Specially when the dominance of dollar is shaking, its good for countries to store gold but for common people, it might not have much effect as the governments strategically buy the gold without generating a sharp price hike.
I have watched another recent video that claims that new gold mines are found in several countries (specially in China, India and Pakistan) which surpassed by multiple folds the amount of gold we expected to exist. So basically there is more gold in the earth than we thought.
Though it might not lead to fall of gold price, it could limit the rate at which gold is increasing in price. If all people jumped into gold as an investment, they could go sad with the lackluster growth it might yield.

[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 ?

It could be that this will affect the behavior of the world's people in becoming more gold buyers because I also see that gold prices have often soared slowly lately without stopping and this could be because some countries already believe more in gold than in fiat currencies such as the US dollar. Moreover, some governments in developed countries are also quite aware that holding any fiat money will not increase its value which even has the potential to decrease in value during inflation. So the steps taken by some countries in choosing gold as their asset reserves are quite wise steps rather than just holding money like the US dollar.

I think there are actually many countries that are thinking about holding gold as a foreign exchange reserve rather than holding dollars. And in recent years many countries have realized that dollars are just pieces of paper that are printed as much as the Fed wants and that means dollars will continue to cause inflation. But on the other hand I think the reason why many countries still hold dollars is because international transactions only accept dollars as a medium of exchange. Maybe more precisely 90% of international transactions only accept dollars. This makes holding all state assets in the form of gold inefficient because to import they have to sell gold for dollars. But some countries with strong economies like China can choose gold because they don't have much dependence on other countries. I think if in the future people can do international transactions using crypto like stablecoins then the dominance of the dollar will collapse. -cmiiw

[Roseline492]

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 is an important assets and is not now it started that way, from the beginning people has been investing on it based on the potential it has, actually is going to increase more further when countries are using it as reserve because the demand will be very high and a lot of people will not longer see it as small scale investment if it was how they think of it, though it may not increase beyond control because is just like how Bitcoin has been made as a reserve for United State and the price increases but not to an extent we would say the price has extremely skyrocketed, so actually the more countries are using gold for reserve that's the more they are  giving value to it.

[lizarder]

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 there were many countries that made gold as a reserve and we rarely saw countries that held dollars or their respective fiat currencies as a practical step. Gold is still stable enough to store value that's why some countries make gold reserves. In decades gold has become an asset that is able to maintain its value so stable even though the return on profit is not much better than bitcoin as it is now.

Recently gold has experienced a significant increase in price in the last few days and I see many people trying to take advantage of this condition to make a profit and generally in an individual capacity many people around me are selling gold to make a profit.

[Ricardo11]

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 there were many countries that made gold as a reserve and we rarely saw countries that held dollars or their respective fiat currencies as a practical step. Gold is still stable enough to store value that's why some countries make gold reserves. In decades gold has become an asset that is able to maintain its value so stable even though the return on profit is not much better than bitcoin as it is now.

Recently gold has experienced a significant increase in price in the last few days and I see many people trying to take advantage of this condition to make a profit and generally in an individual capacity many people around me are selling gold to make a profit.

Gold is an investment where most investors want to preserve their wealth in gold during times of inflation. Gold is a stable investment, although it gives low returns in the long run, it will keep your wealth safer than most.
But if you can afford to hold your wealth for the next 10-12 years (which will be completely uninterrupted), then that investor can definitely invest in Bitcoin. Bitcoin is going to leave gold far behind in the next few years, which is very likely.
Bitcoin will definitely go to a much bigger level in the future. Therefore, instead of making decisions based only on the current volatile market situation, the best strategy is to continue investing with a long-term view, believing in the real potential of Bitcoin.

[franky1]

things to note about gold in the next 40 years
within 20 years the mars colony and moon base plans will be active. meaning shipments of 100tonne refined gold could be returning to earth any time after that. causing golds market to react

this is where bitcoin which has a 21m cap and already at the 19.84m of the 21m currently, which offers better future potential of the demand and market price of deflation for inheritance plans

long term economists also dont see gold going the way of continual new ATH to multiply the price multiple times in the long term

so some people usually planning on the long term hoard of gold for inheritance to their offspring, are divesting away from gold now, knowing its not going to be a good inheritance asset for their offspring in the future. as the reserve/supply limits will change long term where the scarcity aspect of gold gets less scarce
even central banks are rethinking their 20-50year reserve strategies away from gold

[d5000]

Does this mean that price of gold will be uncontrollable in coming years ?

I believe gold is currently in a FOMO phase, not unlike to the situation in 2020 and the late 2000s. This of course also influences central banks' decisions to hoard gold instead of US dollars.

The price increase is fueled by international tensions, as it always was used as a "crisis-resistant asset" or "contrarian asset", which often goes up in times of fear of a bear market in stocks. The uncertainty since Trump has taken over the US presidency could have fueled the gold price further: first because of the uncertainty of the outcome of his policy regarding the Ukraine war (and possible other tensions with Iran, the Middle East and China), but also because of his inflationary tariff policy which could debilitate the US dollar's price.

But gold tends to deflate eventually again. See the 2010s and also the 1980s/90s when the price went down. So I don't think it will become "uncontrollable". If it rises significantly higher it's also likely that this will strengthen competitors like silver and, maybe, Bitcoin.

[LDL]

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 ?

Fiat currencies have a much higher inflation rate, while physical assets and Bitcoin have a lower inflation rate. However, for the current generation, Bitcoin is more important than gold. However, investing in gold will definitely yield higher profits, whether it is long-term or short-term. However, Bitcoin's profits will be higher than gold if the investor holds Bitcoin for the long term. However, long-term investment requires proper planning. In such bearish, bull market conditions, many investors are afraid of holding Bitcoin for a long time. However, in the case of gold, this fear index is much lower, due to which the current generation is giving more importance to gold, as a result, the dominance of the gold market is increasing compared to before.

[Negotiation]

If there is a global recession or other economic instability gold can be seen as a safe haven which can cause the price of gold to rise. Fiat currencies such as the US dollar are completely dependent on government decisions and central bank policies. So if a country's government prints excess currency or creates high inflation the value of that country's currency can decline. This is why some countries are choosing gold as their reserve because the value of gold is historically more stable and it is a valuable asset that is largely protected from the effects of inflation or currency depreciation.