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.
Gold is safe haven and i think people already know it. But for transaction, i dont think people will back to gold because its not flexible and its about security. As investment, i am believe people prefer choosing gold as long investment because its already known for centuries
Gold is not safe because of its physical presence its hard to keep it away from street robbers and thiefs so I am sure people are not going to connect with good again once they try investing in bitcoin now is hardly possible for them to move again to 19th century where people were not having any other option than Gold.