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)
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
Well i do believe there still many people think gold are the best investments. In my country gold are being use to avoid tax and they think gold is very liquid. Thats why i think ASIA is buying so many gold.
No, this is definitely not going to happen. Because gold is a completely dysfunctional metal. Bitcoin is an investment tool that has more functions than even money.
Yes i do believe so but still people invest in gold cause it has a small fluctuation and safer than investing in cryptocurrency.