Do you think the gold price will keep rising over time?

[Lynx122]

As far as I know the gold price has risen a lot because of several reasons:

1. Most countries have not been disciplined with their currency and have inflated it a lot. Gold is one of the best things to buy if you want to preserve your savings.

2. There's a lot of uncertainty atm economically and also geopolitically and people want security

3. National banks have started buying more gold again because the U. S. has shown with Russia they will not honor the dollar over their foreign policy goals and countries don't want to expose themselves to this risk even if they're allies with the U. S. So the demand for gold rose pretty strongly.

The question is do you think this was just one surge or it will keep going for a long time.

I'm leaning towards it will be a long term thing because I feel like countries have gotten so addicted to pumping more money into their economy that it will be hard to stop and at the end of all that will be a recession and that will increase gold prices even more.

I don't know we'll see but I'm strongly considering from now on to have bunch of my savings in gold.

Even though the swiss currency is very stable the swiss national bank has to keep pace with other countries so our currency won't become too strong. It would kill our export economy. They constantly have to keep it just at a level where companies have to be very creative and add value in different ways to compete against cheaper products from other countries but the price difference can't be too big where nobody wants to pay it. So our currency also has to lose value over time just to keep a more or less stable exchange rate with euro and dollar.

I just wanna know your persepectives and if I'm missing something thanks :)

[NaultD]

The inflation of material is reliable but also very slow. Basically only mining and recycling impacts material. Unless a new tap of a new ruch is it ever meaningful to invest. Just barely getting by. Is that the intended goal of the stock market?

You could save a life time for an easy 10 last years but people ultimately want more and more. At the same time social security gives more insurance to double down. So gold might be good enough for an anchor but you do have to risk it for the biscuits.

You might hate social security but it is the only thing keeping enough people in the market where material investment dosen't dry up as much it is underground.

[Lynx122]

I have a lot of financial stability so I don't need to risk. And I don't want to spend the time to become knowledgable about investing atm because I have a lot of other things to do. So i just wanna increase my savings atm and then in the future when I have enough where I could lose half my money and it wouldn't affect my life and I have time for it I'll start investing then :P

[NaultD]

Roth 401k, company matched traditional 401k. Roth IRA.

https://www.reddit.com/r/Bogleheads

I'm a dumb fuck but this seems like what you're going for.

[Lynx122]

thanks :)

[NaultD]

Easy 7% potential 10% yearly return with minimal effort. Higher then the average active stock trading but they have yearly limits.

I'm doing something similar. I got a huge inheritance and I'm slowly moving it to roth ira and putting 70% of my day job income into Roth 401k and 5% traditional 401k with a matching 5%.

From there I'm comfortable like 25 year old me comfortable from my allowance of dividend stocks. From there is risky ups and downs of the stock market.

[RavVid]

There are going to be short term trends and long term trends plus supply can expand.

I have read that gold performs worse than bitcoin and over time loses value whether that is true don't know (my interest is in bitcoin). I'd suggest looking at long data series of stock indexes and gold.

I can say in my country (Australia) gold mining expands and contracts. Even amateur prospectors get interested when the price rises. So I'd look at supply over time too. It is not fixed. Gold miner shares would be a proxy.

Also be careful with who holds the gold. A friend had silver bullion stolen from him by a family member.

Just some thoughts.

[Agape93]

Most people buy gold in reaction to worried bad times are coming, and price thus increases. So yeah it'll keep going up

[Kelley1]

Gold doesn't go up in price. The value of the dollar goes down and will continue to do so.

[DrPepper12]

It depends what time frame and duration your suggesting but largely yes.

There are MUCH better precious minerals & metals to invest in though. Short selling palladium was INSANELY great investment for me. Try iridium now - demand is only going one way on that!!

[Maybe_Maybe_not]

I'm extremely far from any of these considerations/predictions about gold prices. I do speculate a lot but it never implies financial value lol

[Lynx122]

You speculate a lot?

[Maybe_Maybe_not]

Enough to write a speculative book about how I speculate speculations !

[Lynx122]

Sounds great :P You can speculate on if I'll read it or not :)

[Maybe_Maybe_not]

I'll probably speculate, first and foremost, on if I should write it or not. In fact I'm already speculating about that, since a few years probably 🤷‍♀️🫡

[Lynx122]

I hope you speculated on the right outcome ;)

[Maybe_Maybe_not]

IF there is a right outcome at all, that itself is a speculation haha

[NathanDavis]

not forever... one day will be able to mine all of the gold we have not found yet

[noohair]

Like everything else, the puppet masters try to control the price of gold. But gold is one asset that they have the least control over. I would not trust anyone to hold gold that I own so take delivery.

[jamesgoldman]

Yeah, if fiat exists and keeps dropping value gold with in theory increase in value

[exitseven]

It will keep rising in the short term. Thr future has not been written yet.

[Jamie05rhs]

JamesGoldmanre-state//background_color_rgba (0, 0, 0, 0), font_color_rgb (77, 77, 77), justifyLeft

[Jamie05rhs]

@jamesgoldman