BTC Silver and Gold

[CoinEraser]

I am not interested in gold or silver, so I don't have any... -snip-

It doesn't look any different for me. Gold and silver have never been of interest to me, which is why I haven't invested in them. For me, cryptocurrencies are simply more interesting and that’s why bitcoins and altcoins got me hooked right from the start. Unfortunately, I can't say why that is. I wouldn't say it's because of my age, since I'm not the youngest anymore either. I believe the opportunities offered by bitcoin are worth more to me than gold or silver.

Maybe it's also because you can be easily cheated with gold or silver if you don't know anything about it. That just doesn't work with bitcoins. A coin on the blockchain is and remains a coin and cannot be counterfeited. It gives me a sense of security that gold or silver just can't offer. 

[STT]

A point people might be missing which can apply to crypto also is that holding a commodity does not qualify as investment.   I can buy and keep a barrel of oil but Im not an investor, Im a commodity speculator or possibly I will just use this barrel of oil myself but there is also cost to holding a commodity.
   Imo BTC is much like a commodity which we know is in demand with good prospects but it doesnt accumulate value all by itself, the market itself must grow and usage by various parties big and small.   Gold is definitely a growth sector, its been in net purchase by central banks for a couple decades now.   The price still massively varies and may not profit people who can only hold it for a couple years.

[Lubang Bawah]

I think the profit potential of bitcoin is higher than gold and silver. today bitcoin is up more than 12% and getting close to $25k, I believe this week the price will touch $25k after almost 8 months under $25k, surely this is the price that will make the trust increase and will continue to increase, and I'm even more optimistic about holding bitcoin because I'm sure this year I can pass the ATH that happened 2 years ago.

[tread93]

Stacking and coin collecting is for complete nerds    You already know how I feel about this topic.  As a financial advisor my clients are constantly asking me if they should consider buying either bitcoin or gold or bitcoin or silver.  So I'm constantly having to have that conversation of the importance of diversification  and why owning both makes sense, and how well precious metals like gold and silver hold up as hedging parts of a portfolio.

A few ounces of gold. I personally thinking that if precious metal should not become my main investment. Precious metal is even better compared with real estate consider it's even more liquid compared with real estate. Precious metal like gold is as good as bitcoin.

The gold itself was only a way to keep your value from inflation. It will not give you huge ROI like bitcoin. Precious metal is only helping you to make sure your value will not be eaten by inflation.



https://goldprice.org/gold-price-chart.html

"I personally thinking that if precious metal should not become my main investment".  It definitely shouldn't.  It should only be a piece of the pie, so to speak.  Almost any proper portfolio (exception apply) should mainly be supported by traditional equity investments such as mutual funds/ETFs etc.   

Gold also isn't necessarily better than real estate. They are two different types of assets. Real Estate has often carries a higher chance for growth, whether investing directly or indirectly such as in products/funds like REITS.

Great write up m8! And you know me, I am a complete nerd when it comes to this stuff  Do you think gold will get to 3k per ounce at some point in the near future if inflation keeps raising at the crazy rate that it does? What do you think silver price will go up to? BTC obi going up to like 1 mil per coin soooooo shoot man just disregard this whole post and just stack SATSSSSSSS ya feel? hahaahah jk. I think it makes a lot of sense to diversify, to your point. I know that must be a fun conversation to have with your clients....

[crypticj]

Silver will perform great in the next few years and demand for it will be rising so it's a good idea to invest in it right now.

[cafee_orange]

I think the profit potential of bitcoin is higher than gold and silver. today bitcoin is up more than 12% and getting close to $25k, I believe this week the price will touch $25k after almost 8 months under $25k, surely this is the price that will make the trust increase and will continue to increase, and I'm even more optimistic about holding bitcoin because I'm sure this year I can pass the ATH that happened 2 years ago.

yes, i agree with you. seeing the potential profits derived from bitcoin then allows someone to forget about gold and silver.
the profit that can be obtained from gold and silver is not as big as the profit that Bitcoin can provide. I prefer the advantages that Bitcoin provides

[chmod755]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

I do have some physical gold, silver, and platinum. The best part is that you can buy precious metals with crypto.

This was my way:

Example: $1000 in crypto

If it gains 100% I have $2000 in crypto -> then I use half of that to buy precious metals -> I still have $1000 in crypto plus $1000 in precious metal, also if I used crypto to buy the precious metal I support the crypto economy.

[Cookdata]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

For what exactly, if you had held Gold from last year 16 of February to 16 of February of this year, you will have gained just nothing, if you bought in the last 5 years, you will have earned $500 dollar, now, if you compare inflation rate in the last 5 years with the increased price, you would have only gained a sandwich meal for a day, what is now the essence of holding them, I don't want to go to how silver has performed in the last 5 years but let us look at Bitcoin; if you have bought bitcoin on February 16, 2019, which is 5 years ago, despite the market collapse, that's roughly sweet 7x from your investment at the current price of bitcoin.

[pantek talacuik]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

I am not interested in gold or silver, so I don't have any... if you don't count some presents in gold, those I keep, but I don't wear them and neither does my wife. Luckily she doesn't like it as well.

So in my case, it's BTC! And some other alts... and I am at that age when I think about putting something on the side, and crypto looks like the best option in my opinion. Simply I think that crypto is the future, and Bitcoin is leading the race. I think we are still at some beginnings, crypto needs to expand a lot more, and I think new generations will do it. When I look at younger generations they are all into technology, and eventually, they will start learning about crypto... in a few years (if not now!) we will meet 18-20 years old "kids" that know more about crypto than we do after almost 10 years dealing with it.

But it's just my bet... Gold and silver are pretty much stable with some slow grow, while crypto offers a lot more opportunities! People can start from scratches literally and make something, with gold and silver it's not so easy.

In my opinion, gold and silver is more suitable for those who already have billions of dollars in assets, keeping assets in gold and silver has proven to be safer and more profitable, even though the increase in gold and silver is slow, but if we are still poor, we must be brave enough to bet by investing in cryptocurrencies, there are many opportunities. we can get rich from cryptocurrencies and hundreds of percent per year if we invest in cryptocurrencies.

That's true, but if you are a person who has a lot of assets or is a millionaire, but you don't have patience with yourself, it will be in vain. People have to have a patient nature to red what they want later. so you should try to be patient with what you have invested, even if it is in the form of gold or silver.

agree, because patience will be able to dampen everything that is self-defeating in every action that will be taken, which will result in being able to take the wrong policy, especially in every investment made.

but I myself am more familiar with investing in gold and for silver I have never done it and don't know the ins and outs, obviously I don't understand, I am more familiar with bitcoin.

it is clear that bitcoin is more promising than gold and silver, but bitcoin does take a very long time and it is clear that bitcoin is a long-term investment.

What makes you so sure that Bitcoin is very promising in the future than gold and silver? even though Bitcoin was only a few years ago in the world while gold was known from the stone age. You should convince gold is better than all of this it's just that gold has a very slow movement forward.

[tread93]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

I do have some physical gold, silver, and platinum. The best part is that you can buy precious metals with crypto.

This was my way:

Example: $1000 in crypto

If it gains 100% I have $2000 in crypto -> then I use half of that to buy precious metals -> I still have $1000 in crypto plus $1000 in precious metal, also if I used crypto to buy the precious metal I support the crypto economy.

I do think it’s pretty sick that you can go to any precious metals exchange and buy gold silver or platinum for Bitcoin. All of them accept Bitcoin, some accept other cryptos I think.

[SirLancelot]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

We are in bitcointalk, not goldtalk, not silvertalk, not even preciousmetalstalk, we are in bitcointalk. This is why it is normal for people here to say that they are a lot more interested in bitcoin than other things, doesn't matter if it is stocks, gold, silver, ruby, oil, futures, whatever it is, we will prefer bitcoin over any of the others because this is the place for bitcoin and will stay like that.

I think it is quite important that we focus on how we could make money from bitcoin, the thing we know and love, over any other because that would be a whole new ball game and we would need to learn a lot of new things to move from here to there, which is why learning more about bitcoin is easier.

[erep]

For what exactly, if you had held Gold from last year 16 of February to 16 of February of this year, you will have gained just nothing, if you bought in the last 5 years, you will have earned $500 dollar, now, if you compare inflation rate in the last 5 years with the increased price, you would have only gained a sandwich meal for a day, what is now the essence of holding them, I don't want to go to how silver has performed in the last 5 years but let us look at Bitcoin; if you have bought bitcoin on February 16, 2019, which is 5 years ago, despite the market collapse, that's roughly sweet 7x from your investment at the current price of bitcoin.

Although the high profit from investing in bitcoin but actually investing in gold for large amounts is also profitable in the next few years even though the profit is not very high but the profit is certainty, I am not comparing the second investment but I have both of them in the current investment, so if bitcoin decreases then I will review the movement of gold to remove the saturation from the movement of the crypto market.

[zaki12]

Silver will perform great in the next few years and demand for it will be rising so it's a good idea to invest in it right now.

I will continue to shift half of my monthly savings goal to metals, especially silver. The other half will go into Bitcoin, at least for the rest of the year. (Note: I already have an emergency fiat fund. like it or not, we still have to deal with the current system). Nothing is getting cheaper. I don't anticipate anything will for a while.

[Fivestar4everMVP]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

LOL, the though of buying silver and gold have never come to me, this is because if ever I want to buy gold or silver, I would prefer to buy the real gold and silver, not the digitalized type, I know that crypto have made it possible to easily by and hold gold and silver, as there are several projects that have crypto assets pegged to gold, as well as silver, example is Paxos Gold, buying this type of asset is still the same as buying crypto, so doesn't make any sense to me, if I ever want to buy and hold gold or silver, I would go for the real gold, but one of the discouraging factors is the processes involved.

[bitgolden]

Silver will perform great in the next few years and demand for it will be rising so it's a good idea to invest in it right now.

I will continue to shift half of my monthly savings goal to metals, especially silver. The other half will go into Bitcoin, at least for the rest of the year.

Not just you but I am seeing lot of people are preferring silver over gold but in my assumption gold's appreciating rate is higher than silver but definitely gold is not performing like bitcoin but for diversification purposes I agree we all need to go for more options beyond bitcoins regardless of its appreciating rate.

Honestly I am saving bitcoin and some gold but not regularly in gold but I do invest in bitcoin regularly regardless of its price level because I am believing more into bitcoin and for diversification reasons I prefer gold and real estate but real estate is something that we cannot do every month.

[molsewid]

I am curious. How many of you also stack gold and silver in addition to BTC as a hedge for inflation?

Personally, I don't have any gold and silver since I am not interested in that thing. So I only have bitcoin, it is kinda small in amount since I don't have the ability to buy more now. Some other people tend to buy more gold since gold has a stable price as time passes by and actually it increases over time. Maybe if I will have extra money in the future I will buy some as well.

[ivankoh]

I like gold, silver and more like bitcoin but right now my conditions only allow to diversify all of them.  I just spend my savings every month to buy bitcoins.  Gold and silver are two stores of value, a popular medium of exchange for more than 1000 years in all parts of the world and in all civilizations.  volatility of gold is 1/5th that of bitcoin.  Gold and silver are also listed as inflation-resistant haven assets like bitcoin.  My expectation is that there will be a larger reserve fund to diversify gold, silver and bitcoin.

[STT]

you would have only gained

You arent actually supposed to gain anything at all for a hold gold, why should you gain.  They mine more gold every day and the vast majority of it is recycled if ever used it will be available in future so supply is never destroyed as most commodities are.
The other point from saying gold has gained little is yes its still very cheap relative to where it could move, there is an obvious imbalance in the world that has value misattributed in many places.  Gold is easily arguable as something that will rise in future but to just hold it is not something that yields a gain or profit directly.  I see gold as insurance and it costs to buy, ideally you would always move perfectly and gain elsewhere but its safer then FIAT cash to hold long term imo hence useful

[spectre71]

Having lived and worked in silicon valley during the dot com bomb, I have learned to give ANY investment a haircut (diversify/hedge outside the sector) when it get rowdy to secure one's gains.

There are bullion dealers who take crypto and you never have to touch the banking system.

BRICS will form and be backed by gold, I think it inevitable because we have trashed the petro dollar. So this could be a boom for gold.

My local coin shop will give a loan against metals as well as cash it in. Additionally they can take in a 100oz bar cash in 20 and give you 80oz back.

A few states are considering legalizing gold and silver at legal currency, that should incite some thought for all.

If when shtf it's allot easier to barter in cash and metal than BTC. Think of the on and off ramps of BTC to be broken, then what?

[The Sceptical Chymist]

Is it weird for many gold and silver products to arrive with a paper card with a serial number. Yet the coin or bar will have no serial number. In which case, there is no way to prove it was yours if it was stolen.

I don't know...even if you inscribed a serial number on a bar, I'm sure it still wouldn't satisfy those who'd claim it could have been altered or whatever.  Plus there are people who don't want any way for their metals to be traced--I think that's why some bars have serial numbers and some don't.

I haven't read the whole thread yet, but some of the silver bars by Geiger are absolutely beautiful and come with serial numbers and some kind of ink over them with which you can verify authenticity (they claim) using a black light.  It's just too damn bad the premium is so high for the Geiger brand stuff.

And yeah, I've been into metals since right before the big crash in 2011.  Fortunately I also didn't have money then and thus didn't go hog wild only to then see all that value disappear in the years after the crash.  And what a slow but steady decline it was.  Anyone here remember that?