Gold price of course depend on many factors, but I don’t see how crypto currencies population growth will lead to dramatic changes on a gold market. Of course it has some tendency to grow within the next couple of years starting from this summer, but I don’t think that we are going to see very big boosts.
Good point and suggestion. I guess we wait until the next global economic crash before everyone starts putting their money into gold thenThe price of gold rises when stock markets fall. I think gold will not rise above 1400 and will remain in a wide channel.
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yes i agree also. i only mentioned crypto because they could become the top valued currency one day, the fact that gold is actually a physical metal gives it more appealability, some say its the biggest insurance policy in the worldI can’t be sure about price levels but I am sure that Gold price will rise significantly in the future period. This is not due to cryptocurrencies involvement, but due to all political and fiat currencies insecurity that we are facing today, without any clue about their potential resolution