It's official, normies are entering the gold market
(media.scored.co)
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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.
That sounds more reasonable, but the fact you are considering trading gold (safe haven) for btc (crypto risk) is bad practice. When I sell gold it is gold into low P/E undervalued stocks, or some other undervalued asset.
Another crash just happened in a major coin https://coinpedia.org/news/om-tokens-6b-crash-was-it-all-part-of-a-bigger-plan/ Gold doesn't do that. Gold can decline, but it doesn't do that.