Post
Topic
Board Economics
Re: Will people come back to gold
by
biletskiy
on 14/12/2018, 12:31:01 UTC
with the current market conditions, maybe people will come back to choose gold to invest because gold is safer and has a smaller risk of crypto and they don't have to lose a lot of money and become poor in crypto
Gold has always been an important part of a diversified investment portfolio for a very long time and basically nothing has changed that due to how the price tend to increase in response to events that results in the decrease in value of other investments such as stocks, bonds and the likes. We are already seeing that, and obviously looking at the reaction lately with the bullish nature of gold, that simply depicts one thing we all already know.
although the price increase is not like cryptocurrency, but with gold, the trend seems to always be bullish, so many people think that gold is indeed suitable for long-term investment. this has been trusted from ancient times, even from the royal story of my country, gold has become a prima donna for the symbol of a person's prosperity

Lol exactly, since early human history, gold has always been symbolic for wealth and abundance

I even suppose that most of Bitcoin holders that are rich enough invest mostly in gold. They can love cryptocurrency and believe in its future, but they also trust this precious metal.