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Topic: BTC Silver and Gold - page 6. (Read 714 times)

legendary
Activity: 1344
Merit: 1547
The first decentralized crypto betting platform
February 13, 2023, 12:35:19 AM
#12
I've got a little bit of gold just in case but I am not stacking it, as I think bitcoin is much better as a store of value and when it comes to liquidating it, because if you have a gold bar worth 1,200 dollars (approximately 20 grams), you cannot liquidate only 200 dollars, you have to sell the whole bar. With bitcoin, however, it doesn't matter how much you have, you can make partial sales.

I especially like the colour of gold, it's mesmerising.

But above all, I don't want anyone to think that they are 'stacking' gold or silver by buying jewellery, which is the worst way. If you buy jewellery for you or your wife because you like it, fine, but to give an example, a necklace with 50 silver dollars, if you are going to sell it the next day you will be paid for its weight in melted silver and it will be 7 or 8 dollars, no more.

If you want to do stacking, do it with coins or bars.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
February 12, 2023, 11:39:56 PM
#11
I'm personally not a fan of both silver and gold as in my current situation, as I'm very better off taking risks than going too safe. Maybe I'll buy gold sometime in the future when I'm older? But I'm not sure why I need to do that if bitcoin already exists.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
February 12, 2023, 10:26:21 PM
#10
I do not stack any precious metal, actually it was kind of a plan I had before knowing Bitcoin, to buy some Silver for the long term.
However, I finally decided to go full Bitcoin because decentralization and how easy is to conceal from bad people.

There is also a small chance some crook around here could be selling counterfeit bullion, I rather not to take those chances.
STT
legendary
Activity: 3878
Merit: 1411
Leading Crypto Sports Betting & Casino Platform
February 12, 2023, 07:59:23 PM
#9
If  I was buying silver I'd buy the most unpopular kind, collecting coins is nice but Im not sure of the price relative to market pricing in the pure asset.  Im aware of the silver price and also the mining companies prospects in their endeavours to mine more.    Physically I'd collect the old silver sterling cutlery but mostly I have the mining shares or a fund which holds and manages positions for them, it gives a yield and its hands off simple to deal with but any of the options are valid if you are bullish on either silver or gold.
  Physical is not leveraged, thats the appeal I think because most of us expect volatility and I dont disagree with that.  Upset is quite certain to occur, I tried to hold physical gold and other metals in a brinks mat vault arrangement at one point but its lots of paperwork required and they raised the fees massively I guess after being hassled and buried under red tape hence managed (pension etc.) funds are kept at arms length and they deal with all that trouble.


Quote
I don't think Gold has much of a hedge against inflation but I might be on too small a time frame (the last 5-10 years).

Its the other way round that makes it confusing, Dollars are measured in gold not vice versa.   The time scale for gold is minimum a decade, the justification for that might be the parallel of thats how long a gold mine from scratch can take to establish profitable mining.    Look up the details of any large gold mine, all the twists and turns but at present its worth it as they should get there in the end and imo price will be higher at end then they began with.  There are alluvial deposits of gold but still there is no simple story especially with modern environmental considerations for mining to include in costs.
legendary
Activity: 2954
Merit: 2145
February 12, 2023, 07:54:55 PM
#8
Maybe in some distant future I will own a bit of precious metals, but my #1 investment goal is establishing some cash flow, like owning real estate or a business. I don't have enough wealth to live the rest of my life off it, so my assets should work for me instead of simply being a store of value against inflation.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
February 12, 2023, 07:30:54 PM
#7
I don't think Gold has much of a hedge against inflation but I might be on too small a time frame (the last 5-10 years).

I think stocks are the next best thing after crypto as long as you can find good stocks to invest in or invest in a diversified way. Jewellery likely acts as a hedge against inflation much better than gold and silver do on their own (turning raw silver into jewellery seems like it could be difficult though).
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
February 12, 2023, 07:20:36 PM
#6
I don't know whether it have turned to be a circumstance or it is getting connected to the culture. In our country gold is given much priority, it can be jewellery as well as form of investment. Majority of the people have good volume of jewellery, because this is the one used as collateral when there is need of money. Bitcoin seems to be my choice, but it is quite hard to make people believe it. If it is gold, everyone simply accepts.
legendary
Activity: 2884
Merit: 1137
Leading Crypto Sports Betting & Casino Platform
February 12, 2023, 06:59:10 PM
#5
I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?
If i had that's much wealth that inflation would impact significantly to my portfolio, i most likely would keep my wealth tied to land and housing, and actual real physical gold and silver. But the fact is that i don't own (after last bear market) anything so valuable that it would make sense to keep it tied to gold.
hero member
Activity: 644
Merit: 592
Leading Crypto Sports Betting & Casino Platform
February 12, 2023, 06:25:39 PM
#4
I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?
Inflation or not, it's not good to "put one's egg in a basket," which helped me as I was particular about 5 classes of investment in 2022. They are the equity market, Bitcoin, Gold, Crude oil and USDX. I was able to liquidate some of my purchases on Bitcoin later after seeing the way it was performing and added it to my portfolios on Gold and USDX.

These (Gold and USDX) were good choices and a very good way to diversify my portfolio which worked so much for me. Gold and Bitcoin eventually earned well for me in the last 2 months, yet I will only increase my investment in Bitcoin towards the time of halving or if it would reach around $15k-16k again.

I will then hold it for the tradition right from such a low level.
hero member
Activity: 1098
Merit: 534
February 12, 2023, 05:56:25 PM
#3
I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

I do some silver.

There we go! Do you buy silver often? How can you not own at least some? It’s an excellent store of value.
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
February 12, 2023, 04:23:46 PM
#2
I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

I do some silver.
hero member
Activity: 1098
Merit: 534
February 12, 2023, 04:14:41 PM
#1
I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?
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