Quote from: Fortify on April 26, 2025, 03:31:06 PM

Countries have always used gold to diversify their foreign reserves - among many other assets it gives some credibility to their own currency. At the moment we see a massive upheaval in the world economic order because of the erratic actions of the US president, he has done a lot of damage to the US dollar in the last few weeks which has traditionally been the "flight to safety" currency. Gold might continue to rise steadily, because there is a finite supply of it and it actually has industrial uses alongside cultural demand. If the government of big countries have decided to start moving their money into gold, it will effect the consumer market because there will be a competition for those limited supplies.

Gold up until today is still one of the tangible reserves that a country can hold and serves as part of their assets. I believe it is one of the oldest assets that most countries all holding onto. We can only assure that people as well as countries can hold this tangible asset but we don't know what the future holds in terms of possessing tangible assets.

Quote from: bubilas on April 19, 2025, 01:05:49 PM

Until recently, gold was considered a safe haven currency, unlike cryptocurrencies, which were considered a rather risky asset, but recently the price of gold has risen so much that it has become unsafe to invest in it, because there is a simple law that if an asset is expensive, then when investing in it, it can collapse at any time.
At the same time, everyone continues to invest in gold because they don’t know any other way to save their money.

We can say, gold is still one of the tangible assets that a country can own up until today. Every country has vested interest on this asset and it is always part of their list of assets. The more gold that a country have, the better for them to beat financial hurdles happening around the world. For a regular person, gold is still one of the go-to when it comes to tangible asset.