Topic: BTC Silver and Gold - page 5. (Read 792 times)

my wealth in no order

us gov bonds
real estate
silver
btc
ltc
doge
gpus
asics for mining btc
asics for mining ltc/doge

But I am an old guy 1957 + 66 = 2023.

So at 66 I don't think past 93 which is 27 years.

If I was a young guy say 30.

I would be way more into:

 Doge, BTC and LTC

of mined coins in 50 years I favor Doge more than LTC or BTC

Interesting coincidence, about the time I was starting to get into Bitcoin there was an scandal about some Chinese bankers discovering some of their gold bars to have a core of tungsten... In retrospective, if some people out there can fool bankers, then they have a good chance to fool me as well, even for small quantities.

As you said, with Bitcoin there is no chance of dealing with counterfeits and moving one's saving is as easy as memorizing/hiding the keys. 

Stacking and coin collecting is for complete nerds    You already know how I feel about this topic.  As a financial advisor my clients are constantly asking me if they should consider buying either bitcoin or gold or bitcoin or silver.  So I'm constantly having to have that conversation of the importance of diversification  and why owning both makes sense, and how well precious metals like gold and silver hold up as hedging parts of a portfolio.


"I personally thinking that if precious metal should not become my main investment".  It definitely shouldn't.  It should only be a piece of the pie, so to speak.  Almost any proper portfolio (exception apply) should mainly be supported by traditional equity investments such as mutual funds/ETFs etc.   

Gold also isn't necessarily better than real estate. They are two different types of assets. Real Estate has often carries a higher chance for growth, whether investing directly or indirectly such as in products/funds like REITS.

A few ounces of gold. I personally thinking that if precious metal should not become my main investment. Precious metal is even better compared with real estate consider it's even more liquid compared with real estate. Precious metal like gold is as good as bitcoin.

The gold itself was only a way to keep your value from inflation. It will not give you huge ROI like bitcoin. Precious metal is only helping you to make sure your value will not be eaten by inflation.



https://goldprice.org/gold-price-chart.html

Of lately i have been thinking of diversifying my portfolio to own at least some Gold, i don't know if is a good idea to sole depends on bitcoin, but however i have been able to invest in real estates and also some landed properties this is another major form of investment which doesn't fails nor fluctuate rather it keep increasing as the year goes although it doesn't increase exponentially as bitcoin does but is gradually. I will take a rethink and bumper into Gold the more or Silver.

the difference is when you buy a raw (bars) product or a final product that has additional value due to the way and quality of the final production. that is why an additional certificate is issued as a confirmation of the quality of the workmanship and the quality of the metal itself.
any jeweller can easily melt your bar and put his own serial number. I think I read somewhere on the forum that one user has prepared the equipment for this and occasionally buys precious metals and makes his own bars.

By now there are more people in the world who value gold than Bitcoin. We generally use gold in two ways one is gold we use it as jewelery and another we use it as an investment.  Many times it is seen that when the price of gold decreases a little, many people buy gold. But if they knew about Bitcoin then they would have bought Bitcoin instead of buying gold at that time. Because bitcoin investment can earn more profit than gold.

I think I speak for everyone when I say that a majority of people in this forum, save for the newbs, I guess, holds some gold or silver on their stash. Robert Kiyosaki, a guy that I always depend on financial advice with, primarily because of his book rich dad poor dad that really helped open my eyes to financial literacy, has only praises to say about bitcoin, gold, and silver on his twitter account. Not that I'm a blind follower of his, but rarely does he fail when it comes to advising his followers on which assets to invest in. Anyways, yes I do hold a couple of silver and gold physically, I use them as part of my wardrobe too because for me gold becomes more valuable when it has history with it.

All of these investment tools are in the solid money category for me. In fact, it basically doesn't matter which one I buy, but among them there are some that can bring high profits periodically. To explain briefly, it may be a better option to accumulate precious metals when there are chaotic situations in the global environment, and to buy Bitcoin when there are positive developments in the global environment. I can't see any difference between Bitcoin and gold. Of course, they have some advantages and disadvantages compared to each other, but both are solid money for me.

Gold and silver bars.

With an air tag or GPS tracker embedded inside of them during the minting process, might be great, as a starting point.

I'm not into precious metals and don't know if it'll work but here is a suggestion - you can buy a metal number punch set and do it yourself:

I was thinking about purchasing small amounts of silver.

But if I buy precious metals, I want them in bars that come inscribed with unique serial numbers. To make them easier to track and identify in case of theft.

Is it weird for many gold and silver products to arrive with a paper card with a serial number. Yet the coin or bar will have no serial number. In which case, there is no way to prove it was yours if it was stolen.

The way the precious metals industry does things, make it seem like their process is not ready for prime time.

I believe Gold is the most stable asset and can survive any inflationary conditions so I saved on gold for a certain period and I did this two years ago buying gold with a few grams (with variations in grams) that I got during that time, yeah this also because of the encouragement of my wife who likes gold jewelry and gold bars but in the end we agreed to keep gold longer than the other side we can sell more easily in an emergency we need.

Diversifying is a good thing than (putting in one basket) that's a saying we often hear, but apart from all that I believe bitcoin is also for the long term to be able to see even higher values and avoid inflation, so I can determine both where is more to pile up bitcoin or gold?

Of course I chose bitcoin over other assets so here is 70% real money and we know how bitcoin can grow faster.

To answer questions like these, I would choose gold to store some of my wealth. Historically, gold has played a major role in the economies of many countries. When compared to other types of investment, gold is included in one type of investment that is safe and proven to be resistant to inflation, gold also has a value that keeps its price from dropping drastically and can continue to rise.

Yup me too, I am all in on Bitcoin.
And I was also looking at Gold bullion a few years ago but after doing some research
found out that there are very convincing counterfeits of reputable manufacturers like
PAMP. If I can find that info I will edit this post.

Anyway, Bitcoin is real, my Bitcoin cant be copied, its easily transported and transferred,
its the top performing "asset", I cant see an alternative.

I want to invest in gold but not with silver. Although I know that these precious metals are still way to go for conservative investors but, thanks to bitcoin that I have been introduced and known to bitcoin.

Instead of looking at these two, I'm with bitcoin and chosen to pick it rather than going with precious metals. I think that if we're living in 70s onwards then silver might be the best pick.

It's like a gold rush back then and not just who rushed to have it and those who have sold shovels earned a lot.

Now, we're also into like that moment but it's like more of bitcoin rush.

I do own stocks and precious metals apart from crypto.

These don't always work as hedge to inflation, it more like diversification of assets in order to include different asset classes in my portfolio. Sadly this term has been likened to the accumulation of altcoins in this forum which I abhor.

Silver though I don't buy much, it's mostly gold. Having these assets on your side means having a relief when bitcoin is going down, in case you are the panicking person.

We often talk about the traditional forms of investment like precious metals or maybe even software companies by now, but hasn't the pandemic been proof that there are a couple of risk vectors one could smartly look into? Now that we know what impact pandemic events can have on the world economy, and given that our population is growing and spreading of such events becomes more likely and more dynamic, dedicating a small portion of one's portfolio to pharmaceutical companies can be as much of a hedge as owning gold.

Actually, when the pandemic kicked it we have first seen a sell-off of assets that people don't necessarily need for a living. Almost everything has been performing badly at first. With the infusion of unbelievable quantities of fiat money we saw a wild bounce-back of the markets all over the place, but among the safest bets back then had been the pharmaceutical companies. Even if the stock price doesn't perform that well, they turned out to be very reliable dividend payers.

Now chemistry is not a subject I am all too familiar with and I ask myself whether there will ever be a way to create some form of alternative gold or synthetic gold. There are various reports, but they also seem to be changing over time. I also don't know how trustworthy reports are about how many % of all existing gold has been discovered or is yet to be discovered. How can anyone possibly know for certain?

The 100% transparency of Bitcoin's defining parameters can never be attained by anything that is yet to be fully discovered all around the globe.

I don't think about inflation, but diversification has always been a necessity in investing. Currently, bitcoin is considered a highly profitable investment but not considered a safe place to store assets, the future of bitcoin is still in question, so putting all your assets in that's not a good idea. I like gold because it's safe, and investing in some tech stocks is what I'm doing. In the future real estate is what I look forward to, I will continue to diversify my portfolio as investments in bitcoin and stocks pay off.

I was saving some gold but unfortunately I had to sell it due to some difficult circumstances.

Anyway, I also believe in gold as a hedge against inflation, so I will probably buy some gold when I get some extra money.
I used to follow the strategy of converting my profits in excess of the capital that I used in trading into gold, and when the market goes down, I convert the gold into bitcoin and so on.

As for silver, I have not bought it before because it is not very common in my country.