Quote from: rosepetals on February 08, 2019, 01:19:35 AM

Quote from: LeGaulois on December 06, 2018, 04:25:17 PM

With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.

Alot of people are dying just to get gold.Miners willing to risk life just to get gold because they saw assurance that there is sure profit on it.Cryptocurrency is a risky thing and those whose been here for long time,they were willing to risk their money without any hassle and i think its all about peoples willingness on where to invest today.

gold is a good investment.

Quote from: LeGaulois on December 06, 2018, 08:08:10 PM

Quote from: kryptqnick on December 06, 2018, 07:40:31 PM

Quote from: LeGaulois on December 06, 2018, 04:25:17 PM

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.

There is not enough gold in the world to back up all of the money. People can still value it, but I doubt they can use it like the US did. What could be done instead is using cryptocurrencies after dollar collapses, because they are naturally limited and don't need any kind of backing up. Well, a weird but not impossible thing would be to back up fiat by cryptocurrencies. I guess this would be the situation gold and dollar used to be in. It's not such a bad idea in case people come to value cryptocurrencies themselves. Fiat was a bad idea, and something has to replace it. The crash is probably inevitable...

But the US Dollar isn't backed by Gold since years. And if Central Banks are massively buying gold it can be because they do know the USD will deflate a lot soon (GBP too anyway) (hence also the very bad stock market this autumn?) so they are avoiding the USD deflation or to "save" funds and once again gold is showing its power when it's about "saving" funds.