Why people are holding Gold?
This short answer caught my attention, simple yet very meaningful to me. Why people are holdong their golds? The same answer to those people who hold their bitcoins. They are waiting for the right moment to sell it, in short they are investing for a better and wealthier future. Because they all know, we all know that bitcoin value will rises just like the gold valueThere can be different answers and reasons as to why people hold bitcoins
But you certainly don't have a clue why people keep gold. They don't keep it to sell, and they are not waiting for the right moment to sell their precious metal. In fact, many folks buy gold with the aim of never selling it at all, at whatever price. I've read it many times here and elsewhere that gold is a "hereditary thing" to be passed on to next generations. For these people (otherwise known as gold bugs) gold is not an investment as such ("buy now, sell later"), it is a lifetime possession if I can say so, like a family mansion, for example
In short, gold like love is not for sale