Gold to the moon

[NUFCrichard]

bitcoin isn't taking over this role though is it? Even if it does have some of the same characteristics, the market size is too small in comparison with gold to make any dent in the market.

Gold has history on it's side, along with very greedy central banks constantly printing money into oblivion.

[STT]

Gold itself is considered a very small market and unable to bear global trade like dollar treasuries currently do.  The criticism that USA has too much debt on the flipside enables very large instant liquidity for almost any size party from companies to multi level governmental operations, that is why QE appears to be a sucess.   The truth of damage done both in debt and deficit spending but also liquidity that absence of qe receding creates will only become apparent when its too late, hence the phrase you can only see whose naked when the tide goes out.
  A natural swing (back) to other less biased, true dynamic entities such as gold is quite certain but also Bitcoin's regular schedule should compare well, it still has to prove long term use or demand like gold

[hashman]

Can you verify for yourself the total gold supply? 

Can you perform for yourself very quickly a perfect assay?

If not, you might want to consider trying public digital coins.

The problem with digital coins is that internet is becoming more and more unsecure for the average people. And it will get worst.

That is a problem, but digital coins are a solution to that problem.  Legacy financial systems are hopelessly broken in comparison. 

Security is indeed the issue which will force us into coins, just as it will force us into open source softwares.   

[BitcoinFreak12]

Gold is going down long term, its use as a store of value is quickly becoming outdated. Bitcoin is slowly taking over the role of silver and gold because it's superior in every single way and more and more people will discover this. It just needs some time. Once Bitcoin becomes more user friendly and storing them in a secure way becomes easier gold and silver as a safe store of value will soon be history.

That's the same what i`ve said, but i completely agree with you.

[Febo]

Gold is going down long term, its use as a store of value is quickly becoming outdated. Bitcoin is slowly taking over the role of silver and gold because it's superior in every single way and more and more people will discover this. It just needs some time. Once Bitcoin becomes more user friendly and storing them in a secure way becomes easier gold and silver as a safe store of value will soon be history.

That's the same what i`ve said, but i completely agree with you.

Yes it is 99% sure that in 3-5 years Gold will have less value as now. But i never thought of Gold on long term. It seems you are both right, price might decrease on only their material value. Maybe soon wil be popular Golden cars, since value of Gold will become same as aluminium.

[AtheistAKASaneBrain]

Im buying some gold chains that i have lying around these days to get a couple hundred dollars from time to buy shit and Bitcoin, thats how much I trust in gold long term.

I mean sure gold beats any fiat, but the future is electronic and Bitcoin is the king on these terms.

[lightfoot]

The long term bull market in gold is destined to continue, it is just a matter of how soon the next HUGE up-move begins.

It won't. The price of gold from 2000-2008 went up because inflation was going up. Even though it was "hidden" inflation, it could not hide from gold. That is why the price of gold really didn't change much with the whole "printing of money" party in 2008-2010, that paper money went to fill the hole that the M3 implosion created.

If they had not done TARP and all that crap, we would have had massive deflation, and the price of gold would have dropped to 300 or so an ounce.

It's an interesting thing to reflect on, the fact that the inflation all happened under Bush in 2000-2008, but it was masked by the financial shenanigans. News can lie, but gold can't :-)

[picolo]

Gold is on a downtrend but if you look at the inflation-adjusted historical price of gold it doesn't really have that far to fall to revert to the mean:

http://www.inflationdata.com/inflation/images/charts/Gold/Gold_inflation_chart.htm

Gold has been holding up over 1250$ for a long time and is up for the year, the cost of mining is going up and the world is in more need of gold everyday so the price is likely to grow

[BitcoinFreak12]

There is no doubt that gold is valuable and that it has a good intrinsic value.

But the gold will only rise in the next crisis, because the world around it will fall, the 1300 or whatever its price is, is just because the other currencies  are crap and get QE-d.

Its way more overvalued than it is by nature, sure it could reach 5000$ or whatever real economists say but then it will soon jumpback to 500-600 as it was before, any appreciation on gold is just a bubble.

As soon as real Austrian Economy will replace the Keynesian hell-hole, then the gold will hit a stable price, and wont really rise any more, but neither fall ,that will be its natural price .

[valvalis]

What makes gold really valueable is so much people really love gold.
And also so much people believe that the prices of gold would always rise up so they're would always pump it.

[zenitzz]

What makes gold really valueable is so much people really love gold.
And also so much people believe that the prices of gold would always rise up so they're would always pump it.

because gold is real investment

[Joca97]

did bitcoin pass gold once?

[BitcoinFreak12]

did bitcoin pass gold once?

No but it was near it, atleast on EU exchanges

[Kprawn]

Gold will always be seen as a safe haven and being something physical, it will always be seen as a better store of value, even if none of the investors will ever touch the gold they invested in. {It's on paper and electronic reports, like shares}

They bargain on the fact that gold will be a scares commodity, but if someone comes up with a cheap way to extract gold from the ocean floor, the price will plummet....

[BitcoinFreak12]

Gold will always be seen as a safe haven and being something physical

...Until the government will confiscate the gold vault's and deposits , ETF's, gold certificates, etc. And probably issue a new law so that every single person on earth has to give in his gold which weights more than 250 grams (except maybe jewelry) to the nearest government controlled vault.

Yep, then the gold might suffer a little bit. And i`m talking about worldwide confiscation, not just your local government.

Who knows, maybe the IMF wants to confiscate it, to use it as a collateral for SDR's.

[aminorex]

Gold is clearly technically inferior to bitcoin as a medium of exchange.  Relative price stability means it has arguably not yet been displaced from its historical role as a store of wealth.  But clearly it is not used as a unit of account in any but the most peculiar and  boutique circumstances.  That is because fiat is better at that role.  It will cease to be better when hyperinflation occurs.  The severity of the next hyperinflationary collapse of global reserves will be so intense that the peoples of the Earth will forever abjure fiat systems thereafter.

Until that day, gold is just a commodity, and trades as a commodity, often correlating very strongly with crude oil.  While the commodity complex is collapsing, expect Gold to decline.

One day soon, however, fiat will cease to be viable, and gold will be among the primary resorts in times of chaos and collapse.  The exponential compounding of debt upon rehypothecated debt, the exponential compounding of debt service, and the collapse of the energy supplies required to grow the material economy are bringing the inevitable day of reckoning ever further forward.

The best hope of the economic future is that a change in the means of production, transition to a robotic manufacturing base and a knowledge-based economy, will arrive just as the legacy systems of slavery are collapsing, and a more educated global population will refuse to be cannon-fodder in a war of global depopulation.

[Valta Crypto]

"GOLD PRICE HITS 3-MTH HIGH ON POSSIBLE DELAY TO US RATE RISE"
http://www.bulliondesk.com/gold-news/correction-bullion-morning-gold-price-hits-3-mth-high-88118/

[jofus87]

"GOLD PRICE HITS 3-MTH HIGH ON POSSIBLE DELAY TO US RATE RISE"
http://www.bulliondesk.com/gold-news/correction-bullion-morning-gold-price-hits-3-mth-high-88118/

lol @ "possible" delay in rate rise. It's practically a certainty that rates will not go up.

[flipstyle]

Unfortunately gold's real world utility has been decreasing in the industrial world, which is where it derrives a great majority of its value.  It's value now really only hingest on jewelry and its 'traditional' use.  India is probably one of its biggest markets.  I don't really foresee any great sustained bullish sentiment for the foreseeable future, unless the feds announce something catastrophic (qe3 did not do much if anything to help the prices).

[picolo]

Unfortunately gold's real world utility has been decreasing in the industrial world, which is where it derrives a great majority of its value.  It's value now really only hingest on jewelry and its 'traditional' use.  India is probably one of its biggest markets.  I don't really foresee any great sustained bullish sentiment for the foreseeable future, unless the feds announce something catastrophic (qe3 did not do much if anything to help the prices).

When the FED needs to do QE4 and it's clear they cannot raise rates or unwind their balance sheet without poping bubbles, gold should appreciate in price against the Dollar. It has been used for thousands of years and has excellent properties much needed in a lot of industries.