Reddit Posts
Correlation of GBTC & ETHE to US stock market
In case anyone is wondering what happened to the price of gold after the GLD ETF hit the market. This happened.
Crypto asset manager, Grayscale, overtakes world's largest gold fund
JPMorgan Says Bitcoin’s Record Run Is Being Driven by Inflation
It took the previous record holder, the gold ETF GLD, three days to cross through the ten digits and $BITO has done it in only two.
New bitcoin futures ETF could trigger rally to $168,000, analyst assert.
$BITO ETF has traded $280m worth of shares in first 20min
GBTC trading at a discount, why?
⚡️ $PROXY - Institutional grade L2 Wrapped BTC for bringing Bitcoin to DeFi with no centralized exchange, no price slippage. Launched 24 hours ago!⚡️
3 Reasons Why a U.S. Bitcoin ETF Will Be Approved Soon And Be The Next Major Catalyst
Are there any ETFs that are essentially a pile of crypto?
On Markets, Interest Rate, and the Musk Effect
My thoughts on Peter Schiff's "The beginning or end of the bitcoin bear market?"
Bitcoins role during a financial crisis in a post internet world.. It is the only safe haven that has functional utility.
Grayscale’s GBTC At The Verge Of Surpassing World’s Leading Gold ETF
Mentions
Brother, trading will make you insane. If you believe in bitcoin, as an asset, then set a target allocation and sit on it. Let's say you want 1%. So if it tanks 50% you load up till it's 1% again. Or if you're doing a modern permanent portfolio, maybe you throw 20% into it along with TLT SGOV VT and GLD. Or maybe you're me, and you decided on 33% IBIT, VT, and USFR. Now some folks in this sub have more conviction than I do and they're 100%.
Why not? Everyone is so proud we have decoupled from the index and GLD.
Because you are not buying commodities. ETFs are structured in a way you'll pay taxes the same way as if you would be holding the underlying asset. So for GLD you won't be having gains if you don't sell, but with something like USO that's holding futures not oil itself, every gain is actually realized.
It's similar to holding, in the USA , commodities and crude oil and similar ETFs. You're taxed on mark-to-market gains at end of year even if you haven't sold. Note that GLD and SLV have a different legal structure so even though they are ETFs you're only taxed on realized gains and losses.
That sounds believable, but - [BTC v GLD 5y Graph](https://ibb.co/5gnYH0Yw][img]https://i.ibb.co/RkBhwFhd/Screenshot-20260207-101231-Chrome.jpg) If it were people piling into and out of risk assets I would expect gold and Bitcoin to go in the same direction?
I have both. Mostly for tax purposes, though custody and survivorship play into this as well. Less taxes = more buying. 30 years from now with high gains this will be a pittance, a small price to pay for ROTH untaxable BTC-like holdings. Just keep in mind that GLD and SLV are currently delivering for \~+5% over spot price when buying physical rather than the paper asset. Similar things will likely happen with IBIT if you ever try to request physical(electronic) delivery -- you won't get the full 100% of value, you'll get something else... I wouldn't neglect holding pure BTC. If it isn't your keys it isn't your crypto at the end of the day.
Post is by: Minute-Elk-1310 and the url/text [ ](https://goo.gl/GP6ppk)is: https://baselight.app/u/pjsousa/query/bitcoin-gold-s-p-500-performance-nov-2025-present Since **Nov 2025**, looking at the same window across three common investment exposures: * **Equities (SPY)**: small gains, high volatility * **Bitcoin (IBIT)**: steady decline * **Gold (GLD)**: clear outperformance One important clarification: this is **not spot prices**. The comparison uses **investable indices / ETFs** (SPY, IBIT, GLD), which better reflect how capital is actually allocated in portfolios. The chart was built in **Baselight** using **Yahoo Finance** data. The plot and underlying query are public, reproducible, and auditable. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Or if market participants decided just buying GLD or a good REIT provided a better hedge against currency debasement.
> Funny how this framing conveniently leaves out the point where Bitcoin went up 2500% since 2020, or 800% since 2022 You're picking the lowest point of the most recent stock market crash, after 80% crashes in your asset, while gold and S&P wasn't effected as much. For the record i think GLD is a bad investment.
Best luck everyone, but GLD is doubling the return of BTC over the past 5 years. Sure it might change back any day, but I hope the "stay poor" crowd at least is humbled going forward.
GLD and SLV, the newest cryptos
I'm tired of it and am now down to 1 BTC (from 6). I'll kept that one and just forget about it. I bought in 2021 (avg cost $48k) and did nothing but hold until the end of 2025 and sold 1 to reinvest in the stock market. This year I've sold 4 and reinvested that in the stocks market (and into gold). Since I bought BTC in 2021 it's gone down to $18k and up to $125k and now to $76k. My QQQ has outperformed my BTC over that time period. Gold has outperformed my BTC. It's just not worth it to me (I'm retired by the way). It's not that I need the money, I just don't see the story playing out to the extent that I need that much BTC in my portfolio. If it's just going to be a speculative asset that only does well during times of high liquidity...anything will do that. I'm not "panic" selling. It's just not a good risk/reward trade off for me anymore. Part of the Bitcoin as an asset narrative, IMO, is about "philosophical" assets (BTC) and financial assets (QQQ, VXUS, GLD). I put more emphasis on financial assets and not philosophical ones.
I keep some amount of GLD while investing in crypto and stock. When one or two dips, there's always another surging and I use the sell the surging one to mend the dips. After several rounds it will even beat the approach of just holding. For the time being I suggest you to focus on life, and once the opportunity comes don't forget to diversify it a bit.
When it come down to it, it's a philosophical asset more than a financial asset. Most of the "believers" aren't that well versed in economics or finance. Since the end of 2021 QQQ has had better returns. BTC was supposed to be Gold 2.0 but gold did well last year, BTC did not. The US government isn't never going to give up monetary control to Bitcoin) or anything else. BTC can coexist along with the dollar but as a debasement hedge, Gold and stocks do that as well. At this point, BTC is more of a trading instrument due to its volatility. If you want to hold long term, it's less and less suitable for that. In the early days you could justify just holding because it was growing so fast. Now it's large enough that growth slows down but it's still volatile. Even if you break even in 4 years, that's just in nominal terms. Factor in 4 years of inflation and it's still possible to lose. I still own 3 BTC just for the possible upside but that's down from 6 BTC originally. I'll probably reduce that down to just 1 BTC and put the funds into VXUS, GLD and AMZN.
Yeah, as long as Trump keeps ruining the USD, there will be interest in GLD and SLV. However, we also should keep in mind that once he's out of office, they're probably going to decline for a decade like in previous gold/silver cycles.
Or just buy the ticker GLD …?
It ain’t just crypto, GLD AND SLV sell off right now.
BTC excels at transferring wealth across borders. Whenever people start fleeing their countries or migrating, BTC will go up. Otherwise, people will hold their $GLD for now.
100% correct. I hold a lot of GLD and when I see it's dumped 4% in a matter of hours I still wonder what happened despite no plans to sell it for decades.
Yup, its going down. Even a flight to safety we are obviously seeing cant lift this ship. I havent looked but I would put good money on the BTC/GLD trade temporarily keeping this afloat. Ill see everyone in August/September 2026 👋
Bitcoin isn't the save all that people make it out to be. It had its day, its not today. Gold has been winning, have you noticed Gold prices and Bitcoin prices the last year? Ya. In regards to all the life stuff, I understand where you are coming from I have a 15 year old and I'm thinking of opportunities for him. There are a few things you can do that can help ease you. 1. Realize that YOU control your destiny, unless we have a full blown world war then life pretty much goes on as normal. 2. If the US Dollar demonetizes you will have to be more frugal and save more. If you don't have a job, get one and work 24/7 and save, you are 19 so you have no excuses and if you want to be lazy and comfortable then you will get what the world wants to GIVE you, if you decide to go GET it then you have a lot more control. 3. If you wan to go next level save your money in Gold. If Bitcoin starts rallying you could diversify into Bitcoin. I'm not against BTC at all, but the evidence in the markets in the last year says Gold. 4. For career you can do a few things but know this. The service industry is very understaffed and if you are in college you can be an electrician, easy. It takes minimal algebra if that and just work hard and learn as much as you can and do the best work you can. 5. If you don't want to work with your hands then just chose what you like to do, coding will be difficult due to AI coming in and it is already replacing lower level developers so if you aren't a top 5% coder then maybe pivot. 6. In the real world that are people all over the place with small businesses in boring industries doing very very well. You don't need crazy schooling to be successful you just need to work hard and pay with cash. I think going forward doing things with Gold will be good, if you want to save in a brokerage account then you can buy GLD, its a stock symbol for gold. That way its easy, you can get a debit card likely associated with it and if you need something you sell GLD and then you can likely use the debit card. But start to read about these things, go into a bank or call customer service and ask your questions. Never, ever be afraid to ask questions at 19 you have everything to learn. Don't be scared, get prepared, take action and you have nothing to worry about.
so glad i move out of meme coins into SC, AI, GLD
I buy both. For BTC, I utilize a DCA strategy. For gold, I will trade out of my stocks and go into either it (GLD) or volatility, depending on market situations. Both seem pretty important to have in your portfolio
There are also ways to invest in the Gold run-up without buying physical...GLD, GLDM, GDX, GDXJ. Add some physical and some BTC and you are hedged against falling fiat.
The "digital gold" argument was intriguing to me initially, but it's clear that BTC is too correlated with equities, it's almost like a 2x SPY at times. It's a risk-on asset. I have positions in both and won't sell the BTC I already have, but I'm definitely thinking about shifting more of my DCA from BTC to GLD.
Thats because "Grass" went all in on NVDA, PLTR, GLD, & SLV and lives in a $10m penthouse with a private elevator & rooftop heated infinity pool
BlackRock/Fidelity/etc. are wrappers, not the end-buyer — the buyers are RIAs managing client money, pensions/retirement accounts, funds, corporates, and family offices using those regulated rails. Saying “it’s not institutions because there are fees” is like saying nobody owns gold because GLD charges an expense ratio. And it’s not just US players. Sovereign/treasury-type entities get exposure too, including countries that aren’t publicly “pro-crypto” (they just do it quietly and indirectly). Even Harvard’s endowment has publicly disclosed a big Bitcoin ETF position. If “institutions aren’t buying,” basic question: who’s buying the underlying BTC when ETF shares are created — the magic internet money fairy? 🧚♂️
So your argument is basically “it doesn’t count unless everyone uses a hardware wallet.” That’s…a take. If ETFs “don’t count,” do you also say gold isn’t real adoption because most people own it via GLD or vault services? If institutions are “just charging fees,” cool—who’s buying the underlying BTC then when shares are created? Magic? “Not following M2” — why would a global liquidity asset track M2 perfectly on your preferred timeline? Zoom out: when liquidity tightens, risk assets bleed. When liquidity loosens, they rip. That’s not a failure, that’s markets. “Not a hedge vs inflation” — over what window? Bitcoin’s been a terrible short-term hedge at times, agreed. But if your claim is it’s not a hedge at all, what’s your cutoff date that makes that true? Also: what’s the alternative you’re implying? That Bitcoin should stay niche forever so it “feels” more pure?
Better than raw bitcoin I mean, yes better ratios for VT or USFR or GLD lol
But there are those that would do anything to you or your property to get it; that's scary. It's why I wouldn't keep a pile of gold or silver at home, just own GLD or SIVR ETF. The murderous muscle bound thug probably isn't into getting past password and MFA...
Just endure. Remember, absolute fixed supply. Infinite demand because people eventually will need something that can't be debased to store their purchasing power. In retrospect, price corrections always became profitable. Don't listen to bears like Scheter Piff... they are only trying to sell their GLD to you (and probably buy BTC with the proceeds).
Lmao like that can control bitcoins 3T market cap. 100 times that of GLD
You pick a rando Canadian gold mining stock to illustrate your point? LMFAO. 🤡🤡🤡 Why not apples to apples? BTC is up 205% over 5 years. GLD is up 140% in the same time frame. That's with BTC down 30% from its ATH and gold at ATH. Fucking 🤡
You buy spot BTC in a wallet or you can buy iBit. You can buy physical gold and silver you can buy GLD/SLV. What's there to think about lol?
This is the first recorded instance of a sub-3-year-old ETF printing top-10 flows while posting negative returns. Gold ETFs never did this. Commodity ETFs never did this. Even the hottest thematic plays of the 2020s bled when the tape turned against them. IBIT just absorbed $25.4 billion during a drawdown year while GLD, running the hottest precious metals tape since 1979, couldn’t keep pace despite a 64% rip. You’re not watching retail FOMO. You are watching pension consultants and RIA model portfolios quietly sizing into a 1 to 2 percent structural allocation that doesn’t get yanked on a quarterly rebalance. That’s the “HODL clinic” you identified, and it has a name on the institutional side: benchmark inclusion behavior before the benchmark officially includes it. Here’s the math that should terrify every gold bug and excite every BTC bull. IBIT did $37.4 billion in 2024 on a face-ripping rally. It just did $25.4 billion on a down year. That’s 68% flow retention during negative performance, which destroys every reference class we have for alternative asset ETFs. GLD in 2013 lost 28% and saw $25 billion in redemptions. IBIT loses 10% and adds $25 billion. If this flow elasticity holds and BTC prints a 40% year in 2026, you’re looking at $60 to $80 billion in inflows and a straight shot past $150 billion AUM. BlackRock isn’t building an ETF. They’re building the fourth pillar of the 60/40 portfolio, and this chart is the first hard proof that the institutional bid won’t flinch when the tape gets ugly.
I knew fiat was a scam for a long time but that didn't mean automatically that BTC was valid. The only real option was gold and I listened to some economic experts that said gold was not good for currency and fiat was better. Physical gold cost too much to trade and then there is the storage problem. I still believed in gold and believed the reason gold was good for backing currency was that it was valuable. After I relized that Trump was going to do more deficit spending with the BBB like all previoius presidents I went heavy in to GLD etf in Feb, about 1/3 of my net worth. Once I learned (Very recently) that gold's value as a store of value was not due to it's industrial/ jewelry use but due to it's scarcity. Once that clicked then BTC made a lot of sense. It does not have to have any intrinsic value like gold. That took some time to sink in and to try to understand money from a working stiff's perspective instead of the economics BS. Interestingly the use of gold is roughtly about 50% jewelry, 30% store of value and 20% industry. I suspect if gold were more common the use for jewelry would be much less, seems jewelry use is based on scarcity too (even diamonds which are artificially kept scarce by the DeBeer diamond cartel). After that realilation (in Sept 2026) I DCA'ed 20% of my net liquid wealth into BTC (and I'm 66 looking at retiring in a few months so that was a lot of conviction for me).
Now that big banks and investment companies have their claws in Bitcoin, I suspect they will do what they did with gold for many years.... buy at -20% Price X and then sell at Price X, over and over and over. I watched this happen to gold after GLD got huge in 2013. Spent nearly half a decade barely moving in a channel but the banks made fortunes buying and selling their own hoards over and over.
Happy Friday! I am buying GLD and BTC… enjoy your new wealth next year!
> It is like buzzword soup in here, lol. No more than you saying it's decentralized and now totally centralized and institutionalized right? The reality is more complex and requires nuance to discuss. Let me clarify by censorship resistant then. What I mean is that it is extremely difficult to confiscate. It is extremely difficult to stop people from using it. The example I cited was China. Is there a developed economy with more iron control over its citizens? And yet they failed. 20% of global hash rate comes from there which is insane to think about. Even in cases of government attempting to take someone's BTC, the vast majority of their attempts are not successful. >If you print it on to paper but actually using it has an extremely high validating cost, and the death of any useful currency is storage. We already agreed it's not really currency, so not sure what you're trying to get at here. >Until anyone wants to convert to anything of value, which is how its own value is determined, which is a strange circle don't you think? Absolutely not a strange circle. Because there are many, many things of value in the world that coexist at once. There are many situations where you have fiat X, want an off-ramp but want it to sent to party B to go to fiat Y or potentially return to X if it is favorable. But do not want to go through traditional channels >Bitcoin does poorly what a lot of blockchain tech does better. But the reason why bitcoin is valuable is the hoarding and "investing". not actually doing anything with it. >You can't seriously think anything you said is even considered by 99% of the people involved with it. They just want line to go up, and get the next person to pay more to do it. I think you're making a logical fallacy here that because a lot of people (like me) invest in bitcoin but don't use it for anything yet that it means it has zero use case. There's plenty of people who buy GLD and just do absolutely nothing but that. CBs buy it up with zero care of its utility. The market for gold would completely collapse if purely buying for holding demand disappeared. The fact that there are gold exchanges, gold advisors, an entire industry just based on gold as an investment is totally irrelevant. If US starts printing like crazy, I would consider going completely cold wallet making me a "real" user if you will. Just curious though, you seem to be really set on other coins being better. Is your point that we should invest in alts? Do you have them?
Post is by: Beneficial-Ad-9986 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1pcdn26/i_tested_a_simple_50_per_month_dca_strategy_from/ Not financial advice just sharing something I’ve been analyzing for a while. I wanted to see what happens if someone invests only **50 USD per month** consistently for ten years without timing the market. So I tested three simple pillars: • **Bitcoin** • **VOO / VTI** (S&P 500 index ETFs) • **Gold** (physical or GLD) No trading. No leverage. No trying to catch bottoms or tops. Just pure, boring consistency. Here’s what stood out: • Stocks grew slowly but extremely steady • Gold protected purchasing power during inflation spikes • Bitcoin had the highest long term growth even with multiple crashes • But the **combined portfolio** had the best balance between drawdowns and returns The biggest lesson for me: Sometimes the simplest plan is the easiest to stick to emotionally. If anyone’s interested I can share more details or the full breakdown. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
It doesn't matter. It's random and not predictable. Plan for both contingencies. If you have some funds, put half in BTC and half in GLD. If BTC goes down more, GLD will go up. If BTC gets to $70, sell the GLD and put that in more BTC. If $85k is the bottom, great. You have some BTC and GLD.
I think it’s because Strategy (MSTR) is likely to be delisted from index funds Index funds are supposed to contain different companies. But they claim that MSTR is essentially not a company at this point, but rather a fund. For example IBIT is an ETF for buying bitcoin. It’s a fund, not a company, and IBIT isn’t included in index funds. Likewise, GLD is the same but for gold - also not in index funds. They’re claiming that MSTR is essentially like a bitcoin fund and not a company, since bitcoin is >50% of the company value.
2025 - Smart people and institutions short it making a bank. I mean that was a easy take, BTC on 120K was like 15% gold market cap. And taking in account central banks are still massively buying GLD it is virtually impossible to have BTC over 280K within next 10Y. So a crash is what makes sense to be able of having a runup. Is not tough to understand. I was banned from BTC sub for telling this like 2 months ago and still appearing so casually on rddit main page somehow some folk post I cannot comment in
You should observe your behavior carefully. Then you should dabble in 0dte xsp options to grow a pair of risk tolerance. You need to see positions go up xx,xxx% and then implode to zero. Investing is an upside down kingdom; the harder you work, the less you will make. I recommend 0dte xsp options trading to quickly teach you a valuable lesson; you will not win by trying hard. Even if you try for weeks, months, or years, you’re going to fail if you try. If you spend every waking moment of your life fighting market makers and algorithms, hedge funds, technical analysis, micro and macro economic data, candle sticks, interest rates and yield curves, capital flows and dark pool liquidity, relative price movements on TLT GLD VIX, tinker with hundreds of indicators…..you could get to a point where you see patterns everywhere; you could have demonic foresight, BUT they’re just statistical probabilities in a game you’re fighting against God. Read that last sentence again. There is no safety. Everything that was created can be destroyed. These movements are boring compared to the degenerate shit I did the past two years. TLDR: from what I’ve read, statistical probabilities on historical data show that a -80% decline from all time highs is completely normal for Bitcoin. You need a plan with rules in it. You need an asset allocation where you buy some assets and you never think about it ever again.
You could buy an EFT instead.. IBIT seems to be the larger of the two choices.. supposed to track price of BTC like the GLD EFT.. 🤷♂️
Crypto seems to be most correlated to tech an AI bubble or nasdaq QQQ, more of the intraday swings are aligned with the flushes pops, vs as a currrency hedge with GLD or anti USD. So if you can predict the nasdaq youc an probably predict which way crypto breaks.
I will do exactly that. And I am a big fan of Harry Browne and actually use the permanent portfolio in my trading. The only difference is that I am only long when the trend is up in SPY, TLT, and GLD when their trends are up instead of all the time. And I use LEAPS instead of shares. I have been successful with speculating with etfs, but never considered bitcoin until recently, so this really helps me a lot. Thank you for your replies.
I bought 10/17 GLD calls mid-August just before it started the parabolic run from $305 to $400... sold for 10% profit We all make mistakes
I bought them when GLD dipped to $377 after it dumped the most amount in a day since 10 years or something. Lol
Gotta be really late to the party to lose money on GLD calls But again, I'm blood red on IBIT calls
I am SO GLAD I spend money on nice things that bring me joy, and don't relegate myself to the existence of a miser in order to meet financial goals. JFC. I am SO happy I bought myself a $1,700 Samsung Galaxy S25 Ultra phone, and a $5,000 Alienware laptop earlier this year with the money I would've otherwise lost in the stock market on GLD calls :/ Jesus bros.
Idk why yall be acting like you have to be rich to invest or trade options. $5/week will do, compounding exists. SPY and GLD 0DTE options sometimes cost as low as $3 and moon to over $500 with enough volatility. Once you learn how the market moves then you use it to your advantage. Learn or get left behind
I would be if it weren't for the massive tax it would take from selling all these stocks I've been holding forever. HOWEVER, everything that I was losing on or wouldn't take a big hit. I sold off for Bitcoin. I used to tons of treasuries.. ALL GONE..just BTC Baby.. I'm either selling the rest off little by little, or rolling into GLD or IBIT
The current price of BTC relative to S&P and GLD, for one thing.
Yeah because part of the handshake was that Greyscale would keep their fees high while dumping on the market so that OldFi could load the boat on the cheap. Also followed the same pattern as when GLD ETF was introduced. Which is a tool for suppressing the price, too.
Just some perspective and random thoughts from myself, BTC was at 69k this time last year - this month and probably Nov will be telling - the next rate cut should already be priced in which is concerning that BTC hasnt responded. I expect a bit of a tick up in GLD over the next few weeks. Have entered into a bit of a scalp (with SLV too). I do expect a bit of rotation into BTC, mainly from institutions; retail will not ape in unless BTC starts doing 180-200K. Bit concerning BTC rejected hard off 114, but we need higher lows to start forming. Lower lows will be concerning. I bought in low so not too bothered either way but I do want to position myself for the bear. Overall we need to break 114k soon!
Not trying to brag obviously I can’t predict the market but the theory still stands as it has been for 100 years when GLD is at all time highs people move the money into other risk assets. Have you ever heard someone saying “gold is so expensive lets buy it”
Crypto be like "Drainage! Drainage, GLD, you boy. Drained dry. I'm so sorry. Here, if you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? Watch it. Now, my straw reaches acroooooooss the room and starts to drink your milkshake. I... drink... your... milkshake!"
80%? Are you actually stoned? You think that BTC is going to accumulate close to 25B worth of market cap from GLD? IN THE NEXT TWO MONTHS? hahahaha you people man. Just shut up and buy.
same with gold and silver via GLD and SLV... different strategies for different ppl.
I've seen the same mentality split in the gold community where some swear by physical gold only and others are fine holding ETFs like GLD.
Coinbase sucks. Forgot my password process took 3+ months. Had to send driver's license and multiple email inquiries. Still have my coins there but anything new, ETFs are waaaay better. On top of that, you can sell covered calls and generate even more income. I'm not staking coins on shady sites to earn. I own GLD too, don't have a single gold piece of jewelry either. Enjoying my paper gains.
I have about 5% of my retirement accounts invested in $GLD. It was at about 5% back in the start of this year, and I’ve been selling tiny pieces as it’s gone up so much in the last few months that it’s still about 5% allocation. I might drop it down to 4% really soon.
Bitcoin is harder to mine because of network and increasing electricity costs due to inflation. Everything scales up the same for bitcoin as it is to mine gold. How does prices affect the scarcity? Gold is just gold, dollars is more dollars over time. BTC = BTC is the same as GLD = GLD at some point in the future.
Bitcoin is harder to mine because of network and increasing electricity costs due to inflation. Everything scales up the same for bitcoin as it is to mine gold. How does prices affect the scarcity? Gold is just gold, dollars is more dollars over time. BTC = BTC is the same as GLD = GLD at some point in the future.
The golds of these ETFs are house with 3rd party vault and you can redeem the shares for physical gold. They are audited at least quarterly. Of course you could lose your investment if you invest with a shady firm. Every investment come with risk, it just matter how you manage it. Keeping physical gold have it own risks too. Someone could break into your safe stole your gold, worst yet, you could put you life in danger because someone know you owns physical gold and where you keep your physical gold. Keeping BTC in cold storage also has it owns risk, such as misplaced the physical hardware or worst forgot seed phrases. Ask the British guy who has his BTC in a hard drive that buried in the landfill or the German-born bay area programmer who could not remember his pass phrases how thing work out for them. Didn't ledger also got hacked before? The two oldest gold trust ETFs, GLD/GLDM are issued by SPDR (State Street Global Advisors) and IAU/IAUM are issued by IShares (Blackrock) respectively. If you can't trust Blackrock or State Street, you might as well not invest in the stock market at all.
Tradition Gold Trust ETFs: GLD, IAU, GLDM, IAUM, AGOL There are also ETFs holding shares of gold miners such as RING, GOAU GLD and IAU have the most asset I believe and the oldest. These are just a short list of what you can invest in the US stock market. You should research ETF yourself to see which suit your investment goal.
Just made some quick cash from GLD and IBIT
I think he has been trading BTC/GLD pair all this time.
Drop some money in GLD today and see what happens. Manipulated as fuck
Is this possibly the start of a larger historically significant collapse in Bitcoin? Moving in a negative correlation to GLD which is being bought in a historical frenzy.
No, GLD, which is the Gold trust did the legit opposite of the market on friday, when everything crashed gold was up 1.5%
I would go buy some GLD or spy and get that out of shitcoins
That would be weird for me to convert btc into fiat, even if it’s temporary and I don’t need to immediately spend it on something. Kinda defeats the purpose, because you never know how the market will move and I’d hate to be sitting in cash and be priced higher away from btc. But if you really felt you knew the market would sell off temporarily and wanted to try and capitalize on it I guess I’d convert cash to temporary hold GLD, just so I don’t sit on fiat.
2017. You have to go back to 2017. Thats the point. BTC dont look nearly as good recent years. Maybe sell 50% GLD Tuesday and rest by Wednesday midday. Buy the dip Thursday if VMBS and DXY show dollar weaken. If dollar strengthens, be hella careful of GLD multi year drop. Compare SLM 2006-08 and now.
BTC fair price $50-300k. It is not a hedge against stock market, it's a speculative tech stock. Even Gold is not a safe investment. If markets crash, BTC will crash more, GLD less.
It will be worth it in the long run. IMO, GLD is a bit too high and in a bubble for now. Just buy and hold.
I was wondering why it was taking forever to put in my order for GLD calls this morning 🥴
Bitcoin, like gold, is about wealth preservation. It's a hedge against the dollar. If you want to retire you need something that generates wealth (dividend stocks or real estate) My Bitcoin and gold don't do shit (well I make ~$300/wk selling covered calls on GLD) But my real estate sends me a monthly payment equal to a median wage worker. I can use that to buy shit while not drawing down my holding
[https://finance.yahoo.com/quote/GLD/](https://finance.yahoo.com/quote/GLD/) Gold has 0.43 beta last 5Y, according to Yahoo finance. Still tends to drop during major liquidity crunches that hit everything (2020), but definitely periods where it's running counter to SPY. Tends to have low correlation overall either way historically.
I suspect the slow upwards ramp up in Gold prices is due to insiders knowing what is in store for the USD. The Bitcoin whales plan on unloading those large illiquid positions on to the US Treasury at a fixed price. The Whales will immediately turn that USD into either GLD ETF or Physical.
On the off chance that BTC takes longer than expected or becomes more volatile than expected, I am, for myself, considering smoothing out the ride with 10% - 40% gold: physical, or ETF like $GLD, or digital like PAXG, or all the above. That, was not financial advice.
StockSwing pro gave buy signal to GLD at $242. So I bought
Also, no real audits of most traded gold etfs like GLD. people talk paper bitcoins and forget the have been playing paper-gold game forever. this is why they hate bitcoin/crypto, you can actually audit it so they cant bullshit you about reserves.
This is like saying don’t buy GLD, buy physical gold bars.
Ondo, Algorand are my bets. I like gold and silver tokenized on Algorand by Meld. I am considering liquidating my TradFi GLD and PSLV positions and moving them to DeFi. XDC is an old school RWA play that might still be valid but it is not very accessible from a platform support standpoint.
I've spent a long time educating myself on money, markets, and personal finances. I don't trust most financial advisors, many are actively harmful. The best give you simple advise you could implement yourself. Regarding diversification, I generally think diversification is a good idea. It helps you emotionally weather the downs, it provides access to upsides in a variety of sectors, and there is good evidence to support that getting high on the risk/yield curve and selling one asset class that is currently high to buy another asset class that is currently low as part of a portfolio rebalance is a winning strategy. All that said, I'm not sure I've ever tried to talk anyone out of being long BTC. You may not want to YOLO 100% in, but that is more about the general principal of never doing that with any single asset ever than it is about the fundamentals of BTC. A lot of financial literature the FA is consuming is anti crypto. Amongst that crowd it is pitched as "too new," What isn't said is that the FA crowds REQUIRE your assets in a stock/bond portfolios to collect commissions. With IBIT this may slowly start to change... The best FA's are fiduciary flat fee advisors, this group is generally less anti-crypto overall. BTC is up 26% YTD, GLD is up 25% YTD, S&P is up 8% YTD, Real estate is up 2% YTD. Three years ago the percentages were the same but the order was reversed. No one can predict the future exactly, diversification makes it matter less, but it can also eat into your potential for total gains. Less downsides, less upsides.
The diminishing returns may be a lot later due to institutional investments. They tend to attract long term investments rather than day trading spikes. For example, when Gold got ETF it sparked a 7 year bull run. Here we are barely a year into BTC and ETH ETF: GLD Launch: Nov 18, 2004 Gold Price at Launch: ~$430/oz Peak After Run: Sept 2011, ~$1,920/oz Duration: ~7 years Overall Gain: ~+346%
Every time I consider it it's just waaaay too much of a hassle. Much like BTC if you buy into most of the theses on how it's going to go parabolic you kinda have to take delivery of actual gold. People regularly bitch about the premium exchanges charge, especially if you don't know what they're doing and don't use something like active trader. But the 1-2% spread and fee is peanuts compared to the fees you fork over to a gold dealer. You probably have to be buying something like mid 6 figures to get a price within 10% of spot. (I was going to say 5%, but jesus if I didn't do a quick search and I'm staring at 1000kg bars selling @ 14% above spot) At the end of the day I'm also more skeptical of the average gold bug's arguments than I am of Bitcoins story of adoption and growing network effects. The fiat/USD collapse thing isn't a necessity for bitcoin to work out in my opinion, while it's kinda fundamental to gold working. On the flip side I'm agnostic to buying some GLD or other derivative for a short term trade, 'cause you think gold will do well because the push and pull of macro stuff like interest rates and the long bond being under constant pressure this year is a great opportunity for gold to out perform. But I'm just not a trader of stuff like that. If I want to do that much work to get a 40% return, I'd rather do it learning about tech companies.
I moved everything I had in GLD into FBTC in my IRA, no ragrets
Hey congrats on your portfolio! By gold and silver I meant the ETFs (GLD and SLV), I guess that covers “the fear of loosing it” part. Anyway huge thanks for the detailed explanation! It means a lot! Mind if I DM you?
Wrong, it literally doesn’t matter just like with index fund ETFs. Also, People said the same thing about GLD. It’s a dumb argument because the ETFs are generating the price appreciation this cycle.
Got house in US with a USDA mortgage loan (basically a federal program that allows 0% down in designated rural areas) in 2017 and my early 20s to support my dad and siblings after my mom cheated and left abruptly. Sold it in late 2021 for about twice what the mortgage was for after fixing it up a bit and experiencing a covid market surge. Reason for the sell was specifically because I knew BTC is going up massively in the coming years. Decided to sleep in my car (honda Civic) while throwing the proceeds and work income into BTC and related stocks. It wasn’t too hard because I was used to it since I slept on the couch at my house and gave the bedrooms to my dad and siblings. Sold half the MSTR and about 20% of my BTC this year and Bought a new house outright with cash and threw all the extra cash into ULTY for weekly passive income which is at almost 4000 weekly. Current portfolio: BTC IBIT - Blackrock BTC ETF MSTR - MicroStrategy CRSP - Crispr Therapeutics MTPLF - MetaPlanet GLD - Gold ETF GME - GameStop ULTY - Yieldmax Weekly Income MSTY - Yieldmax Monthly Income I agree Yieldmax is too good to pass up right now
Got house in US with a USDA mortgage loan (basically a federal program that allows 0% down in designated rural areas) in 2017 and my early 20s to support my dad and siblings after my mom cheated and left abruptly. Sold it in late 2021 for about twice what the mortgage was for after fixing it up a bit and experiencing a covid market surge. Reason for the sell was specifically because I knew BTC is going up massively in the coming years. Decided to sleep in my car (Toyota Civic) while throwing the proceeds and work income into BTC and related stocks. It wasn’t too hard because I was used to it since I slept on the couch at my house and gave the bedrooms to my dad and siblings. Sold half the MSTR and about 20% of my BTC this year and Bought a new house outright with cash and threw all the extra cash into ULTY for weekly passive income which is at almost 4000 weekly. Current portfolio: BTC IBIT - Blackrock BTC ETF MSTR - MicroStrategy CRSP - Crispr Therapeutics MTPLF - MetaPlanet GLD - Gold ETF GME - GameStop ULTY - Yieldmax Weekly Income MSTY - Yieldmax Monthly Income You should check out the crazy yields on Yieldmax. It’s not a dividend, it’s a covered call fund so it’s taxed as income. I believe MSTR is going to be one of the next multi trillion marketcap stocks so imo it’s going to continue seeing absurd yields for the next coming decades.
i want several acres of land and guns and gold bars and a selection of 90s and 2000s automobiles. preferably in a mountainous region within half an hour from a walmart and mcdonalds. what i buy and sell to get there doesnt matter much. i dont really see the point of OWNING shares of Apple over investing in AAPL through a traditional brokerage platform. *(yes i realize that blackrock and fidelity and vanguard get all the voting power to control the corporations and thus control the planet. i never believed BTC was going to change that. i honestly believe BTC was made by the CIA to buy the USA another century of hegemony and give the secret banking families that control the planet more time to take over the world's supply of GOLD because there will be less upward pressure on the price of gold due to all the demand that will shift to BTC. banks have been and will continue to take over the world and governments will continue to do whatever it is banks want as has been the case for the past 500 years. i dont think this ends until jesus comes out of the sky to defeat his enemies. am i crazy. sure. i also bought BTC at $7k and i'd like to learn more about this cold storage thing. but its a bit confusing.)* the same thing goes for gold and bitcoin... though i could see a future where i might want to keep a portion or all of my gold holdings in physical coins buried in the woods... i cannot see a situation where i need to do the same with bitcoin in other words. i see a .0001% chance of a zombie/nuclear/weimar/electromagnetic disaster bringing us to a world where guns and bullets and gold coins reign supreme. it would be very convenient to be holding a box full of gold coins and not GLD shares that are entirely gone. poof. i see a 0% chance of my bitcoin or stocks being useful in that scenario. if the US stock market goes to ZERO... its because there are aliens blasting us with lasers and bioweapons and the only safe places to live are in caves... so BTC in a cold wallet is as useless as BTC on the coinbase platform or BTC in a fidelity ETF.
yeah, that’s what I think happens. we’ll see two markets form: one for paper BTC (ETFs, derivatives) and one for real, self-custodied BTC. paper BTC might lag during big runs, just like gold. those markets can be throttled, settled in cash, or manipulated through supply expansion. but real BTC is not printing more, and it’s fully auditable. if people start demanding actual delivery and can’t get it, the gap shows up fast. it feels inevitable. just look at gold, most people know they’ll never redeem their GLD shares for real bars. but Bitcoin’s culture is different. self-custody is part of the ethos. so if demand spikes and custodians can’t meet it, trust in paper BTC cracks. the crowd shifts toward real BTC, and that’s when the premium kicks in.