discuss Gold names in the current economic turmoil

[Kuffy]

I've got a good .gold domain name, and it's expensive to maintain. I'm currently reviewing my names, and I'm wondering about the current market opinion for these names. The world seems to be in turmoil, and there is a flight from the dollar towards gold. Will this result in an increase in the value of goild, and goild related names?

 

[biggie]

Will this result in an increase in the value of goild, and goild related names?

Hi

i say, no!

the value of the metal, is not tied to the extension.

also, if there is turmoil and $ value drops....
then why would .gold extension rise in value > if/when money is tight?

imo...

 

[magnificentdomains]

Namebio has only reported two .gold premium sells this year. Lucky.gold and doge.gold They were both $130. Personally I'd let it go unless it's an amazing one word .gold name. There have been about 90 gold related premium dot com sells reported by namebio this year.

 

[Truespin Domains]

Unless you own buy.gold or sell.gold I'd drop.

 

[Kuffy]

It's English.gold and I was going to use it to promote the royal mint. Godaddy values it at $3,490, but I've found their values to be a bit erratic. It's a bit expensive to renew, but, based on some of the comments (thanks guys) it looks as if my best option is to develop it, and try to earn a bit of revenue. Especially if I can pick up a few Satoshi.

 

[magnificentdomains]

It's English.gold and I was going to use it to promote the royal mint. Godaddy values it at $3,490, but I've found their values to be a bit erratic. It's a bit expensive to renew, but, based on some of the comments (thanks guys) it looks as if my best option is to develop it, and try to earn a bit of revenue. Especially if I can pick up a few Satoshi.

I would hold onto it if it were an alternative extension like english.ai but personally think you are safe to drop that one. If you want to develop something in that niche I bet you could find a similar dot com and only be paying the $10 renewal rate if the project doesn't pan out.

 

[kor]

Drop it.

 

[Peter45]

I've got a good .gold domain name, and it's expensive to maintain. I'm currently reviewing my names, and I'm wondering about the current market opinion for these names. The world seems to be in turmoil, and there is a flight from the dollar towards gold. Will this result in an increase in the value of goild, and goild related names?

Very good question!

From a newbie's point of view:
Increasing interest/demand for particular goods --> increasing interest/demand for domain names related to those goods.
Does this process apply to domain extensions too? Imo it does.

I'm too inexperienced to give good examples, so I ask, did ".ai" domains increase in value since artificial intelligence has increasingly become an issue, a subject of public discussion?
(Maybe there are better examples)

 

[Peter45]

Unless you own buy.gold or sell.gold I'd drop.

Buy.gold and sell.gold
but then, why not trade.gold and store.gold?

I could imagine a couple of businesses entering the market in the next future and being very interested in such names

 

[Kuffy]

I would hold onto it if it were an alternative extension like english.ai

Are ai names a good long term prospect? I know they are trendy at the moment, but what is the long term commercial prospect for other than a few large corporations? It's a bit like electric cars, they are incredibly damaging to the environment, but most people only consider tail pipe emissions, both from politicians and motor vehicles. I picked up SaveOldCars.com, because I thought that was more commercial than names for a transient technology. Similarly we are going through a major banking restructuring, and I think that gild - the traditional safe haven, is worth a punt. My only caveat comes from my being a .com maximalist. EnglishGold.com is owned by The Wild gold company on Twitter, and that is owned by Aur Cymru Limited ( Welsh Gold ). Don't you just love the site interleaving on the Internet?

 

[kor]

@Kuffy

The AI adventure is just getting started.

Since electric vehicle production is a vertical niche and requires serious investments with large factories, software-based products can be carried out with a team of engineers and researchers of a few people, over relatively small investments. Moreover, AI technologies have applicability in almost unlimited fields.

 

[Kuffy]

I was just expressing a bit of caution with AI and Electric vehicles. Electric vehicles are incredibly damaging to the global environment, and people are starting to realise this. The resposible surveys seem to show that only about 30% of drivers would consider an all electric car, and many of those can't afford them, or are unable to charge them.
AI is a bit like vaccination and injection. Very few people can invest in development, so most of the domains associated with them seem to be about health warnings and dangers.
I've got a brexit name, and that seems to have missed its peak. However, some people still seem to blame the ills of the UK on Brexit, so maybe there is still some development potential.
With regards to English.Gold, The Royal mint has reduced the silver content in the English sovereign, and that has changed it's colour. I think that is a mistake, as the Sovereign is one of the most respected gold coins, and is still used as a medium of exchange. Thed Britannia is still pure, but it is a lot more expensive because of its size.

 

[Peter45]

English.Gold

May I naively ask, what kind of buyers are you targeting?

The Royal mint has reduced the silver content in the English sovereign

Do you really mean silver? Silver in a gold coin?

 

[Kuffy]

Do you really mean silver? Silver in a gold coin?

The English Soverign has a gold purity of 91.67%, the remainder used to be 3% silver and 5.33% copper. Recently the Royal Mint announced that they would be replacing the silver with a bit more copper. Obviously this has changed the coiolour of the coin. The Soverign was intended to be used as a form of general payment, and the "impurities" were added to make the coins more durable. As they are no longer in general use as a currency, I suspect the Royal Mint decided to drop the silver content due to increasing difficulties in purchasing silver in the current market. I think it was a bad decision, but what do I know? The Britannia, which is a bullion coin, has a fineness of 0.9999 - which is 24 carat gold.

I ought to undate English.Gold with such facts, and try to pick up some revenue from investors seeking safe havens for their money. My problem is that I think Bitcoin is a better safe haven, but it pays to diversify just in case I am wroing.

 

[Peter45]

Thank you @Kuffy
I knew the Britannia, I didn't the Sovereign

91% purity?
And you call it a gold coin?

My problem is that I think Bitcoin is a better safe haven

China Russia and more and more other countries don't seem to agree

 

[Future Sensors]

91% purity?
And you call it a gold coin?

That's not unusual. Some of the most famous gold coins have that percentage.

The composition of a Krugerrand is Gold 91.67% and Copper 8.33%.

https://en.wikipedia.org/wiki/Krugerrand

 

[Peter45]

I know @Future Sensors
just jokingly teasing my British counterpart

 

[Peter45]

Interesting in this context the different regime between coins and bars: while bullion/investment gold coins require only a 90% purity, bullion bars require a 99% one.

So when you bitcoiners will finally decide to divest from cryptos and load on bullion don't forget to specify to your wealth manager if you are targeting coins or bars.
Just kidding

 

[Kuffy]

Bitcoin is 100% purity.

 

[Peter45]

Ok, one last one and then no teasing anymore

@Kuffy
I have another domain for you
Sovereignpurity.wtf


I'm sorry I couldn't resist

 

[Daniel-MD]

My opinion on the matter:

The gold niche has been a well-established one for dozens of years. It is not like, for instance, other forumers mentioned AI, electric vehicles, etc., which will drive a lot of new players in the industry.

The only way I see an influx of businesses interested in domains would be if the fiat currencies would go into hyperinflation and people would heavily look to purchase more gold.

The buyers for gold domains are mainly companies that look for shorter, more brandable domains.

You may consider doing outreach to those who may be interested. If you get a positive response, sell it or keep it. If not, drop it and don't look back. At least, that's what I would do.

 

[Peter45]

The only way I see an influx of businesses interested in domains would be if the fiat currencies would go into hyperinflation and people would heavily look to purchase more gold.

I agree with your post Daniel,
only the hyperinflation part, I'm not sure

8-10% inflation seems to be enough for privates and institutions to look for precious metals (gold price, all time high in all currencies).
Moreover, given the instability of the banking system (e.g. too big to fail Credit Suisse) it looks like demand of bullion (vs. "paper gold") is picking up all around the globe.

 

[Kuffy]

I've owned the name since 2016, and it's expensive to maintain - Name Silo charges $80 for renewal. Fortunately I have a multi-domain hosting plan, so hosting doesn't cost me any extra. I didn't really register the name to resell, as I felt that it had potential to generate revenue from gold stackers and investors. My personal circumstances have meant that I haven't had the time to develop the site, but hopefully this will change later this year. I suspect that the GD valuation of $3,500 reflects the income potential. That assumes that the valuation algorithm is capable of considering this. Maybe it is just considering the single word "English" - it states that english.com has too high a value to estimate.

 

[andyred]

I've dropped my casino related one, had it for two years on various marketplaces and no sale