Should I buy gold or gold etfs?
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
Bushmaster69
Superstar
Buy physical gold.
I follow the same rules of crypto. If you don't hold it you dont own it.
If you can, buy 1 grams sheets that equate to around 1 ounce. It's easier to sell.
Some people buy the larger denominations because it is cheaper. Like 10 grams, 1 ounce, etc.. but if you ever need to sell it, some places don't give you rhe best deal because it is harder to sell larger pieces of gold.
Also stay away from the gold or silver with increased prices becasue of the art. You are practically throwing away money. 1 ounce of gold or silver doesn't become more valueable because of art unless it is some limited rare edition.
DrBanneker
Space is the Place
The only cryptos with remotely transactional utility are Litecoin because of fast and cheap settlement and Monero which is good for privacy because of its architecture and can be laundered through mixers so it can't be traced back to the fiat purchase.
Primary use for Monero is dark web illegal or gray market transactions. Litecoin was the choice for face to face drug transactions at one point but not sure now. A lot of drug and gun stuff on the dark web is all Monero.
DrBanneker
Space is the Place
Gold gold etfs have too much paper gold. The problem is traders can create multiple derivative contracts backed by the same physical gold in storage so there is more open interest in gold contracts than physical gold in existence. That is fine until it gets ugly.
If you want to do stocks gold miners are good to research but their performance can be met at times.
Respect. I started looking around, I didn’t know this was seriously being discussed. Thanks for the info!
Bushmaster69
Superstar
Ghana orders foreigners to exit gold market by April 30
Under the new system, the newly created gold board known as GoldBod is the only entity allowed to buy, sell, assay and export artisanal gold, Monday's statement said, and older licenses have ceased to be valid.
Foreigners must leave the local gold trading market by April 30.
Just another example of African countries limiting or renegotiating gold export agreements.
We can't only talk about crypto/blockchain without talking about real world assets. Especially gold/silver.
It's all connected.
I’m saying.Dalio, Dimon, and Fink doing back to back primetime interviews. Spooky.
We’re in bigger trouble than folks realize
No really, wtf
Mind u MSTR is a public traded company. No way in tf.
I mean, if BTC actually goes to $1mill that man will be unstoppable.
Might need to pick up some shares
Saylor is telling people to mortgage their homes and buy btc. Advising people to go into debt to buy risk on assets should be illegal imho. If btc falls below 67k his shareholders liquidate.I mean, if BTC actually goes to $1mill that man will be unstoppable.
Might need to pick up some shares
Id advise following a true og that has technical knowledge and experience if btc tickles your fancy.
you can substitute 80% of what he’s saying with xrp (and others) thru all the lizard talk, they know what’s coming
Bushmaster69
Superstar
That's the crazy part. He goes on like he got into Bitcoin early, and as if Bitcoin can never touch 67k again.
He should, at the very least, be investigated for using his position of autheoity to give people bad financial advice.