I dunno...it's shiny
Those of us who also own PMs think they are.
Hide it well, don't tell any neighbors, etc.
Hm. I remember trading a bitcoin for an ounce of gold.
See how stupid that sounds? Let us all reflect on this and meditate
Ommmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Let's not and say we did.
some believe that Silver is the better buy rn over Gold.
Oh my!!!!!!!
Edited: (added this one)I woulda done a lot better had I just turned them into bitcoin, but ....
Help!!!
Hey, don't be a one-way-fits all cases...
max(abs(x),abs(y)) = c
In any case, cashing btc out into fiat would look more and more like a dangerous endeavor considering 'money printer goes brrr'.
When btc is at 200K, scarcity analysis suggests some diversification into Au might be amenable for consideration.
Alternatively, if interest rates would go up to, for example, 20% (like in early 80ies), I would probably also buy some bonds instead when cashing out, but NOT with the current yields.
One thing is for sure: you will not lose purchasing power to inflation when buying gold, while cashing out to fiat pretty much guarantees it.
In retirement (if that ever comes), this is pretty important, but if you aim to immediately buy RE (like @LFC was saying), then it is mostly irrelevant.
I doubt that it is worthy of too much discussion in this thread regarding the variety of ways to diversify outside of bitcoin, and surely depending on how mature you are in your investment portfolio, you might feel that some shiny rock compliments your investment portfolio..to prepare you for a larger variety of circumstances... Then sure, go for it, but why talk very much about that here?
Let's say for example, through the years, you have accumulated 30 BTC (currently worth nearly $300k) and you have not really diversified into any other kinds of investments besides dollars, and you have just been trying to keep some kind of balance in your investment by keeping cash onhand too, and since you are so heavily invested into BTC, you have continuously tried to keep within a range of 5% to 15% of the value of your BTC in dollars, so you could buy BTC on dips and otherwise be ready for any kinds of short term emergencies that you have, so on March 12, when BTC dipped down to $3,850, you had gotten down to 5% cash and if BTC goes shooting up you anticipate that you would end up accumulating around 15% cash, and right now you are feeling comfortable that you have around $30k in cash (which is right in the middle of your goal range at 10%), so you are feeling somewhat comfortable with your current position.. so if new cash comes in, then you buy BTC with 90% of it and you keep the other 10% in cash or some variation of such with a bit of anticipating whether you stack more towards fiat preparation if you believe that the price might drop or BTC preparation if you believe that the BTC price might go up.
If you have already set a goal for yourself that you are not going to feel comfortable retiring until you feel that the value of all of your investments in your portfolio is solidly in the $2million plus arena, then you might need to wait until the bottom of BTC's price $65k to $80k arena before you can really start to feel comfortable, and of course, in order to feel some additional assurance, then you might need to have some comfort in the stability of whatever diversification decisions that you make is able to hold its value.
Of course, if BTC prices go shooting up to $200k, like the hypothesis that you suggested, Biodom, then continuing to hold 24 BTC (80% of your current stash) (valued at $4.8 million) or more at that time, will still likely put you in a decent position in terms of options. Presumably at that time you might be down to a having 85% BTC and 15% cash, so that would give you cash amounts of around $700k, and maybe you would feel comfortable shaving some additional BTC off your BTC holdings, but whether you want to buy gold with that or merely keep that shaved off amount in fiat in order to be more liquid in order to be able to buy back BTC with it would surely be discretionary.
In my personal strategy, I still plan to be balancing between bitcoin and doilars, and if BTC prices were to go shooting up to $200k from our current price, my plan shows me that I would still have about 85% of my BTC stash at that $200k price, so sure, I would have an option to shave off some additional BTC at that time, if I felt that I did not have enough cash or otherwise feel diversified enough in other assets. But, I really do not feel that I am going to feel any compunction to own some shiny metal... but hey never say never, right?
Even though I personally don't see any role, for my own investments, to add gold into the mix, but hey, at some point in life, I might just want to have some shiny objects hanging around, just for shits and giggles, to the extent that I am not preferring lambos, hookers and blow, at that point.
I agree with any suggestion that even if I do not need to decide right now, it still might be o.k. to plan for the possibility of such scenarios and whether I might start to consider shiny objects to become more valuable in the future than I perceive them to be currently (which currently is still not very much).
Poll
