Quote from: yohananaomi on May 10, 2019, 12:18:54 AM

Quote from: kaya11 on May 09, 2019, 07:35:49 PM

Quote from: LeGaulois on February 14, 2019, 05:19:45 PM

Let's continue the topic here since it was an interesting discussion but as usual, the shitposters kill any discussion open.
(it's a self-moderated thread)

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.

The purchases of Gold by the central banks increased by over 70% last year. It's something that didn't happen since the '60s - '70s and the dissolution of the Bretton Woods agreements. The main reason is to get away from the dollar. Even Iran and its crypto will be backed by Gold for the same reason and to avoid the US sanctions. Even the ETFs increased by something like 200% last year

The global economy is still weak despite what has been done (or not) since 2008. People, countries, central banks started to realize this and cover their ass by turning to Gold

I trust gold more than any other traditional assets all around, it is tested and aged since the beginning. In any case just to be safe, we better hold golds too for us to be put in a safe place. Sounds great right? Gold, Bitcoin, Farm Lands, I feel safe with these investments.

Maybe your opinion is true that gold has long been used as the easiest investment whenever it can be directly carried out transactions, but it is different from bitcoin because bitcoin is a long-term investment that needs to be researched before making a transaction, because if Bitcoin incorrectly applies the transaction then it can experience big losses. it will not happen with gold.

You are quite right, the bitcoin can generate losses only when you enter the less indicated time, that is, in 2017 many people entered and bought bitcoint in $ 20k, that happened to them because they did not know what they had in the market, if we compare it with gold, is very different, because gold has a great support worldwide and is the one that gives greater stability to an economy even of nations, in fact, the nations that have more gold reserves in the world, you could say that are well prepared to resist a possible global collapse of the economy if we take into account the dollar and the euro.

On the other hand, bitcoin represents a safe investment at this time, because if you study the market at this time, it can be determined that there is a very good accumulation phase for a bitcoin investment, which, in a time that can not be determine when, bitcoin will grow much more and will be much more valuable than gold, in fact in a possible global crash, you could compare or equate the value of Bitcoin / Gold, since that would be the currency that could be taken into account in a moment like that, if the world economy in such a case can not recover.

Many currently buy gold, but they themselves buy gold, they also buy bitcoin, because they know that having a strong backing, they can always have bitcoin and gold as a speculation, so I think that yes, many buy gold for those same reasons, to protect against a global decline in the economy.