Ninjastic
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Board Economics
Re: Will people come back to gold
by
Gaff
on 23/05/2019, 22:25:16 UTC
Quote from: syamster on May 23, 2019, 06:01:35 PM
Quote from: OrangeII on May 22, 2019, 09:40:57 AM
Quote from: twiifm on May 22, 2019, 08:00:58 AM
As I read in the economic news, the gold reserve rate of the states is increasing and they buy gold. In many countries it is known that people prefer physical gold as the most valuable investment and save gold. Personally, even though I prefer to invest in cryptocurrency, I think it would be very reasonable to invest in gold against a possible global economic crisis.
investing in gold is not something that is a secret. even though people do different businesses, whether it's cryptocurrency or other online businesses, I think people will still buy gold for their investments. well, you could say it was an investment that could be given from generation to generation.
No I am not sure about it because in this era most of people like to invest in crypto currency and make money with it, gold has become an old investment now and our money can rise beneficially with crypto currency as compare to gold, if you don’t take tension about the price but it is also danger to keep so much gold at your home, but crypto currency has wallet that is invisible and no one can know about how much you have in your wallet.
Keeping physical asset is more riskier compared with stored crypto assets, because once there's a possible intrusion on your property you're vulnerable of being robbed forcibly. As people happened to be more educated about crypto, I think the desire and interests grew rapidly this time. There might be people who've been leaving for months due to price declination, but after several days when the market begun to become capable of another increasing trend; the people again reinvested to bitcoin. Although they've been fascinated for gold for so many years, it doesn't hinder them to become more focused on bitcoin so far.