Quote from: Lida93 on Today at 04:14:37 PM

Quote from: Abiky on January 03, 2025, 11:20:10 PM

Gold's been all over the news ever since countries started to stockpile more of it (due to rising geopolitical tensions). It went almost past $2,800 only to go back to $2,668.

I wonder if I should get in now, or wait a little further? At the pace Gold is going, I think it will reach $3k soon. However, Trump's promise to end wars might put a stop to the craze. At least, temporarily.

Gold has been a great investment choice to both individuals and governments and it has continued to be a precious and valued asset that people hedge their money in against inflation especially in war periods. The news about Trump having to end most of the geopolitical wars could have been the reason behind the fall from 2,800 to 2,668 and all things being equal should Trump be able to fulfil in the peace promised then you should expect the gold price fall further than the figure you have in the OP. Maybe you should hold some breaks right now and watch how events goes to know if it's still bright to go in or not. But why not take advantage of the highs bitcoin is making to earn some profits than waiting on gold.

The physical structure of gold influences its value over time and has been doing so since ancient times. Bitcoin, as a new asset in the world, is already expanding in terms of market cap which is why many are comparing it to gold, and naturally it would be fair. The valuable asset that is considered the federal reserve of any country, such as gold or other valuable materials and finding a strategic way to embrace Bitcoin with it.

Some people consider it an unsafe asset due to the impact of rapid price declines, but they forget to consider the possibility that the country's reserves will increase with rapid price increases. Valuable assets like gold and Bitcoin should be considered an important hedge against the country's inflation. I think the processes will start gradually and we will see the benefits of this in reality in the future.