The thing I love about digital gold is that it is safe and secure from hacking
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Is there a digital gold in the works, that will really work, like one sponsored by a major bank? I think that would be a no brainer. No one hacks my CC payments that im on the hook for, and that's digital dollars. Seems like gold would run at the same rate globally as bitcoin did if it was secure.The thing I love about digital gold is that it is safe and secure from hacking
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Bitcoin outperforming the S&P and the nasdaq today.
Ethereum outperforming S&P, NASDAQ and the DOW.
interesting.
So do you finally buy it if you see a flash crash to 14k??
Gold never seems to be worth buying unless it's below 400 bucks an ounce. The only exception being the rare/collectible gold coin market whose prices aren't really affected by the price fluctuations of gold per troy ounce.It looks like 18k is the new 19k. In fairness, GLD has been terrible as well. It is hard to make a case for shiny metals or BTC when cash rates are 4%.
Gold never seems to be worth buying unless it's below 400 bucks an ounce. The only exception being the rare/collectible gold coin market whose prices aren't really affected by the price fluctuations of gold per troy ounce.
I don't currently own any physical gold but do own a lot of silver coin currency. I think if the whole world goes to shit having a useful/practical skill set is going to be handy as well. I used to work in a very poor part of Vegas and a lot of the families did a lot of bartering. i.e., I'll babysit your kids for a week if you can fix my toilet, I'll repair that broken kitchen window if you will drive my kids to and from school next week, etc., etc.The only reason I physically hold silver and gold is for a true everything goes to hell scenario. It's an insurance policy I hope I never ever have to use.
I don't currently own any physical gold but do own a lot of silver coin currency. I think if the whole world goes to shit having a useful/practical skill set is going to be handy as well. I used to work in a very poor part of Vegas and a lot of the families did a lot of bartering. i.e., I'll babysit your kids for a week if you can fix my toilet, I'll repair that broken kitchen window if you will drive my kids to and from school next week, etc., etc.
The only reason I physically hold silver and gold is for a true everything goes to hell scenario. It's an insurance policy I hope I never ever have to use.
All bets are off if we are reduced to bartering. My plan in that scenario is to use my AR to take the gold and the food.