Post
Topic
Board Altcoin Discussion
Re: Safe Gold investments and viability
by
WalkerIVIV
on 02/10/2021, 16:39:05 UTC
profitable investment in the future, and can be a potential asset.
It's not even profitable anymore. Gold can be considered as a low volatile asset and this kind of commodity was also stable. The price movement was not so big and it goes and down based on the demand.
Gold used as reserve commodity to backed the dollars but in another side people started to know if the gold doesn't have real value as it lacks of utility. We can use gold to create jewel but it's not really useful at all.
This makes some people were seeing gold was not so potential as a new investment instrument like crypto which was based on the utility that already offered by the tokens or coins.
Gold will never be a potential asset caused by so many limitation on its usability.