It's official, normies are entering the gold market
(media.scored.co)
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Your prediction is based on what exactly? There's no precedent in history. At this point BTC has become too big to fail imo although stranger things have happened and we live in very uncertain times where the entire financial system may crash. I regarded it with suspicion for many years and thought it will burst "any time now" but I was proven wrong. It's volatility subsides the more it is adopted and there are entire countries using it now. The difference with gold is BTC will become more scarce and thus more valuable and eventually only few hundred thousand people in the world will own it and it's going to be worth millions.
BTC has real value - it's decentralized value storage and currency and the only real alternative to central banking fiat inflationary debt-slavery tokens. Gold is cool for stacking and playing around with, but we're not going back to pirate days and it's not making anyone rich except the bankers. Fuck the bankers.
Aka really high risk and not something to hang your hat on. I mean if you feel you're getting some divine revelation on it then go all in, otherwise what you've described sounds risky.
Unprecedented but you are confident it's become too big to fail. Maybe it doesn't go to zero, but there is no clear mechanism for a floor. Commodities for example, have the floor of the cost needed to produce it. The price will rarely dip below that.
Gold is locked in purchasing power of real money. It isn't designed to go to the moon but it maintains the wealth that government is stealing from us otherwise. Outperforming the S&P is no small feat (* depends on the time window we chose or course, but still impressive). It indicates a lot was being stolen from us.
Nothing wrong with taking some profits when it hits highs, (especially when retail investors are coming in) but long term, there should always be some allocation imho.
Sure, gold has good value retention and that's why I'm stacking. It can't function as currency though and you have to have it on hand. With BTC I could travel to the other side of the world and still have my stack safe with me.
Selling some of the gold to buy BTC is definitely higher risk but I'm expecting greater profit.
Sure some gold. Hopefully I talked you off the ledge.
Haha, I was exaggerating and wasn't going to sell all my gold. I like gold and will always hold a stash. No matter where you go, regardless of time and place, everyone values gold and I believe there's a good reason for that. God gave gold a special place in this world.