The Future of Gold (16 of 16 Articles Series)
Gold is a limited natural resource, and its finite quantity gives it a certain level of value and stability.
However, ever since gold has been treated as a commodity more than main street money of exchange, the future of gold should be valued in terms of a package, which depends on many different yet related and interlinked factors as mentioned in (1-16) articles series of gold, includes but not limited to:
The increasing demand for physical gold is likely to drive up prices. The demand for gold as a form of currency or as an investment has been rising for the past few decades, and this trend is likely to continue.
For example, central banks around the world are buying up large amounts of gold in order to diversify their foreign reserves. This is likely to drive up the price of gold in the short-term.
On the other hand, there are some trends that could potentially lead to a decrease in the demand for physical gold. With the development of digital currencies, gold could become less attractive as a form of investment.
Additionally, the increasing popularity of environmentally friendly investments might lead to a decrease in demand for gold.
Overall, the future of gold is uncertain. It is possible that the demand for physical gold could continue to increase, while at the same time, the increasing popularity of digital currencies and a shift towards more sustainable investments could lead to a decrease in demand.
It is important to keep an eye on the market and the trends that could potentially affect the future of gold.
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Nonetheless, historically speaking, gold has been the core of economy, finance, money, governmental and banks reserves, securities, peace and war for ages, and this is not going to change over 21st century digital currencies simply because any new technology include currencies has the potential to succeed as much the potential to fail and going bust, however, gold on the other hand doesn’t need nobody’s approval, recommendation, or advertising to be the world’s best access to money, finance, and security.
Not to mention risks involved with potential future state digital currencies considering freedom and cybersecurity.
For example, with state digital currency citizens of the world would be at the mercy of their digital currency controller and in this case governments so much that digital currency accounts can be frozen in no time for any reasons and if that happens then access to one’s money would be in jeopardy until and unless things get settled with digital money controller and master so much this could turn into 21st century digital risk threating and slavery era.
On the other hand, if digital currency network provider gets hacked then poverty could be around the corner up until things get fixed and running again.
All of which, both gold and cryptocurrency can and would be the best and only alternatives for anyone to feel safe, free, independent, and powerful.?
Because of that and for other reasons, I have written a book "Coins of Glory" covering and discussing many related points include but not limited to gold trading, gold investing, gold price guide, coins business for beginners, coins world, coins value, numismatics, coins images, coins collecting, and much more, not to mentioned what AI is saying and projecting into the future of gold!
Motaz AlBashitie