Ninjastic
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Topic
Board Economics
Re: Will people come back to gold
by
The Pharmacist
on 20/01/2019, 22:45:13 UTC
Quote from: LeGaulois on January 20, 2019, 06:56:54 PM
Quote from: Best Dreams on January 20, 2019, 09:20:47 AM
Quote from: Bitfling on January 19, 2019, 07:18:03 AM
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 it’s hard to keep it away from street robbers and thief’s 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.
Typical trash post.
You have no idea what is gold. Do you think people go on the street with their gold in their pocket? Do you think people are dumb as you to invest in Bitcoin. For your education, people had several choice to invest in. Again you know nothing. Don't you have a school in your city?

Thanks to reminding me to set the topics in self-moderated mode Angry
No kidding.  The only reason I came back to this thread was to see if there were any posts worth meriting, but all I see are the typical one-line sig shitposts which demonstrate that they can barely comprehend the thread title, much less anything else here.

Back to on-topic stuff:  goldbugs still keep hyping gold ownership, and meanwhile it's still <$1300/ounce and going nowhere--even amidst all the chaos we have in the world.  That sort of surprises me, since you'd think that investors would be looking for some safe-haven assets right now, and gold has historically been one of them.  Silver has gone up a bit, but not much.

As I've said before, there's no way in hell gold or any precious metal is going to be used the way it was before 1900.  Not even if there's a zombie apocalypse.  The world has moved (and continues to move) so far away from physical cash that we're past the point of no return right now.  As evidence I only have to go to the local convenience store and buy a cup of coffee.  Most of the people in line in front of me will pay with some form of card or their phone.  On the other hand, I do think certain people will always want to own gold, whether it's in the form of jewelry or collectible coins or whatever--but the world is done with it as a form of money.