GOLD

Conscious-Bag-5134

Not even real gold I bet, PAPER GOLD. LMFAO

pwinne

Money went into GOLD

nickoaverdnac

This fucking clown is still shilling GOLD on twitter.

Training-Tip-8232

Probably a coin called GOLD AND SILVER

GreedVault

from the news: **60 DAYS RETURNS** ||SPX|GOLD|BTC| |:-|:-|:-|:-| |US IRAN ESCALATION|-7%|6%|20%| |COVID OUTBREAK|2%|3%|21%| |2020 US ELECTION CHALLENGES|12%|-1%|131%| |RUSSIA INVASION UKRAINE|3%|9%|15%| |US REGIONAL BANKING CRISIS|4%|11%|32%| BTC is incredibly resilient, no matter how shit the geopolitical crisis may be, it’s the best store of value out there. ^((at least for the 60 days returns.))

GreedVault

from the news: **60 DAYS RETURNS** || || ||SPX|GOLD|BTC| |US IRAN ESCALATION|-7%|6%|**20%**| |COVID OUTBREAK|2%|3%|**21%**| |2020 US ELECTION CHALLENGES|12%|-1%|**131%**| |RUSSIA INVASION UKRAINE|3%|9%|**15%**| |US REGIONAL BANKING CRISIS|4%|11%|**32%**| BTC is incredibly resilient, no matter how shit the geopolitical crisis may be, it’s the best store of value out there. ^((at least for the 60 days returns.))

GreedVault

from the news: **60 DAYS RETURNS** || || ||SPX|GOLD|BTC| |US IRAN ESCALATION|-7%|6%|**20%**| |COVID OUTBREAK|2%|3%|**21%**| |2020 US ELECTION CHALLENGES|12%|-1%|**131%**| |RUSSIA INVASION UKRAINE|3%|9%|**15%**| |US REGIONAL BANKING CRISIS|4%|11%|**32%**| BTC is incredibly resilient, no matter how shit the geopolitical crisis may be, it’s the best store of value out there. ^((at least for the 60 days returns.))

Potential_Duty9709

Peter only believes in #GOLD , unfortunately he’s missed a truck load of money over the years no wonder he’s so angry when he’s ever in a interview and discusses Bitcoin it just annoys him to the core

Fijiambed

Go for GOLD, sure shot BTC.

sentientchimpman

Why is Schiff still relevant at all? The guy SELLS GOLD. You're never going to hear anything objective coming out of his mouth.

Buckors

nah, bitcoin has done anything, its just some millions % up in 15 years. Nothing to see here. BUT HEY LOOK AT GOLD AND ITS EPIC 25% RUN AFTER 10 YEARS!!!! /s

Heressomeadvice99

because BTC is volatile, and digital. Gold is real, in your hands and will be around with or without a market crash.. plus we ALL know govts of countries are buying up TONS of BTC and crypto, so eventually it will be no different than another managed asset by them. A lot of my friends who love crypto, hate that i say this, but when you see Germany and Other countries selling off 100M dollars of BTC, that shows you they had it, and will continue to have it. They are just involved in it as we all all, meaning as soon as they find a regulation to it, taxes to it, it's all back to centralized assets again, but this time they'll just hide that fact, so people keep using it as if it wasn't.. Where GOLD bars, can be shaven down, melted and sold in small fractions to gold and jewelry places, forever and the value literally only goes up, if there is a huge market crash, gold still goes up, it's just a long term game vs everything else, plus it has a nice upward trendline that never ends. and it's not like Gold just disappears or gets hacked or get lost because of a few secret words i didn't write down.. that's why.

na3than

That's not how it works. Yes, if the price of gold was $76515/oz, the reserves held by the United States would be sufficient to back the US M2 money supply. BUT THE PRICE OF GOLD IS NOT $76515/OZ. The price of gold is approximately $2500/oz. That's what the world says gold is worth--or, conversely, what the world says the dollar is worth--today. The United States doesn't control the price of gold, so what would it need to do to increase the value of its reserves to match the M2 money supply? BUY $20 TRILLION DOLLARS IN GOLD. Where is the United States going to get $20 trillion to spend on gold? Hint: it can't do it by printing money. If it tried, it would drive down the value of the dollar so fast that "$20 trillion in gold" would become "$40 trillion in gold". So it would need not 20 trillion spare dollars but 40 trillion spare dollars to back the $40 trillion M2 money supply. Where is the United States going to get $40 trillion to spend on gold? Hint: it can't do it by printing money. If it tried, it would drive down the value of the dollar so fast that "$40 trillion in gold" would become "$80 trillion in gold". So it would need not 40 trillion spare dollars but 80 trillion spare dollars to back the $80 trillion M2 money supply ... you see where this is going?

EmpiricoMillenial

What do you mean! Our life as crypto bros is buy in ATH and sell low! Just watch GOLD!!! ;·9 Besides, 1 guy i see in Youtube said Gold is the Future! H3LL Y34H! /s

Hodlbag

A bar of GOLD is now worth $1,000,000 ! For the first time in History...

redhtbassplyr0311

Yeah I think you are with misunderstanding because of the way that they're using the term "surplus". It's only a "surplus" of available Capital secured by the issuance of certificates of the department of treasury backed by gold. It's not liquidity that's already represented in the global money supply. The bill basically sets up a back door repo operation schedule paid for by the Federal reserve bank and repurchase and reissue cycles every 90 days. They would be indirectly printing money by the issuance of Treasury certificates, basically bonds. I think it's another page down from where you had referenced. See excerpt below "FEDERAL RESERVE SYSTEM GOLD CERTIFI- 2 CATES.—Not later than 180 days after the date of enact- 3 ment of this Act, the Federal reserve banks shall tender 4 all outstanding gold certificates in their custody to the 5 Secretary. Not later than 90 days after the tender of the 6 last such certificate, the Secretary shall issue new gold 7 certificates to the Federal reserve banks that reflect the 8 fair market value price of the gold held against such cer- 9 tificates by the Treasury, as of the date specified by the 10 Secretary on each new gold certificate. Upon issue by the 11 Secretary, each Federal reserve bank that receives a new 12 gold certificate shall remit the difference in cash value be- 13 tween the old and new gold certificates to the Secretary 14 for deposit in the general fund within 90 days." - bill pdf

TimePieceProdigy954

I just think it’s hilarious that 1 gram of gold was worth 1,086+ BTC NOW 1,086 GRAMS OF GOLD IS WORTH 1 BTC 😂

simulated_copy

Your point is what? Risky assets are sold 1st in times of turmoil. Yesterday proved that again. Did GOLD sellnoff ?? #NO

Grunblau

I thought the swaps for GOLD, SILVER and USDC would have qualified, but it seems like it didn’t. Still, nice to finally have a non Geofenced airdrop for a change.

b1mm3rl1f3

^(PRESIDENTIAL CANDIDATE ROBERT F. KENNEDY JR. SAYS HE'D MAKE US GOVT. MATCH ITS GOLD HOLDINGS WITH BITCOIN - CURRENTLY EQUIVALENT TO $615B IN) [^($BTC)](https://twitter.com/search?q=%24BTC&src=cashtag_click) Not to mention jersey city to allocate 2% into btc or Toyota incorporating eth and other great news. Like what?? we should be at 72k at least and a 4k eth

nassauboy9

The USA has to do something if the desire to preserve world reserve is to stay. One has to believe that if the value of BTC becomes seen as good as value of GOLD (which no one really sure USA has, but using BTC is easily seen) then if that premise is accepted, there is really no reason not to switch to BTC as the backing to the US dollar and carry on. Just a thought. If: tech guys -> interested people -> risky investors -> a Small country(we know who) -> companies (several already) -> Blackrock ETF and mainstream investors ..... Why not a larger country, and more corporations Its not a wild stretch. Its getting yourself BTC without causing panic buying for as long as you can.

DegreeABXY

Bitcoin is like a new GOLD you both had to “mine” them except for BTC what was Needed was way more accessible(just a computer that runs 24/7) and if you do that and you’re in the middle of a “Bullrun” it’s like the a gift from god but if not(and the market in consolidation or som…other term like that, then it’s Bullshit because you have to pay for everything now and that electric consumption and the machine(s) and if you still got money after that then it’s still bullshit to pay capital gains in 1 or more countries. specially when nobody with knowledge(around you) tells you to Hold or something) it’s like all that hard work was in vain. While Bitcoin is not a stock gold isn’t eighter but they do both share the scarce “effect, thing about it”. So if you’re trying to get a better class of memories well, you still gotta be a buyer.

DynastyB420

I’d say that all the ALT Coin Crypto I like, other than Immutable X, is well below my set level price. Election year will drive the price. Regardless of candidates opinion or opposition there will be a “fresh eyes outlook” towards crypto in the next few years. Mainly because they see it as DIGITAL vs “WE BUY GOLD” mentality. As with all my crypto investments it comes down to HODL or 🤷‍♂️

_Commando_

> If USD collapses, BTC will just be priced in the millions of $'s in USD, however towards GOLD or other currencies that didn't collapse will be more reasonable. Go BRICS!

MrPuffer23

Hedge funds use a clever strategy called the "carry trade" to manage their Bitcoin investments. This involves holding actual Bitcoin (spot Bitcoin) and at the same time betting against Bitcoin in the futures market. Hedge funds buy a lot of Bitcoin and keep it. For example, Millenium Fund bought $2 billion worth of Bitcoin. This is a big part of the flows over the last 19 days. At the same time, they bet that the price of Bitcoin will go down by selling Bitcoin futures contracts. If the price of Bitcoin does go down, they can buy these contracts back at a lower price and make a profit. If the price stays flat, they profit from the premium. Bitcoin futures often trade at higher prices than the actual Bitcoin. By shorting these futures, hedge funds can earn the difference, which can give them returns of 14% to 30% per year. This has been done in the GOLD market for decades

CelticBlue22

I would ask what your goals are? long term 10 year investment, or a 1-2 year hold and cash out? the long term hold, you COULD see both go up in value by a 5-10x......i say COULD because you can already see the FEDS getting involved to REGULATE crypto......and thats a bad thing.....Ill get 75 downvotes for this but if you dont think the FEDS are already manipulating their way into this area to move our economy to a digital asset you havent been paying attention.....once it goes mainstream, the huge 10000% profits are DONE.......BTC s like GOLD and ETH isnt as valuable but definitely a nice investment....... if all stays the same, the next BEAR market is where you can accumulate tons of crypto at an 80-90% discount and when the next bull market arrives, you can create generational wealth for your kids....if its a long term hold, im maintaining my positions and buying some other altcoins along the way

Bits2LiveBy

It will pump in the short term but in the long run the halving will happen and the price will remain stagnant causing less mining operations and less use of the network. My statement is hardly short term view but foresight in the decades to come. Ex. GOLD

phaattiee

I mean I started in 2018, Paid a significant deposit down on my first house from profits during the 20/21. I now have somewhere to live that's freed up a significant portion of my income for future investments due to having a really low mortgage. I also take profits for things like new laptop's, phones and cars, always make modest purchases though. Simply because as a professional I literally NEED these things to work. I think this hyper-maxi attitude of never selling distorts responsible financial practice for most. You still have to live your life. I have a significant % of my net-worth allocated to BTC but I also have S&S's and GOLD, Right now BTC follows the stock market still and has high volatility, having diversification allows me to move funds around during periods of high volatility where If I needed the money I wouldn't have to sell the BTC undervalued. Allowing me to Hodl the BTC during harder periods of bear markets. You should NEVER cash out to FIAT. But cashing out with the intended purpose of buying things that add value to your life other than "NuMBeR gO Up" should be encouraged... I believe this kind of attitude is very misguided especially if you got in pre 17 bull run and have so much that you don't really need to acquire more and can commit your regular income to maintaining your lifestyle. New-comers should treat BTC as they would any other commodity. They're going to struggle to ever accumulate enough to retire on and the gain's are diminishing every cycle... Not that its price doesn't settle somewhere in the millions in 15-20 years...

phaattiee

LMAO bro you don't know who you're talking to, I put 40% down on my first house after 20/21 run. I stayed up all night during the Black swan event glued to the charts and secured bags as low as £4K. I also had Grandparents that were bullish on gold when the banks in the BVI were offering 20% cash interest on GOLD holdings because they needed the reserve when the dollar flooded the offshore tax havens. Look at GOLD now. There will always be the next thing. I'm not saying it doesn't still have gas but it will slow down in the future and the next generations will be looking for quicker cash. My first comment was about how just a 5% M2 supply allocation puts BTC price at $200k. Maybe read the full thread before making reactionary comments.

anon2414691

You’re “bad at crypto” because you believe there is such a thing as being “good at crypto.” All the guys who tell you BITCOIN ONLY are telling you something for your own good. STOP GAMBLING!!!!! SAVE YOUR MONEY IN HARD ASSETS, GOLD OR BITCOIN!!!!

ThirstyWizard211

History has a way of repeating itself. I just saw a news post of england passing a law being able to confiscate Bitcoin like any other asset. They actively want to take power away from the people. once the banks are backed by Bitcoin, you begin turning in your bitcoins for their digital cash. Once we begin using their digital cash then theyll turn around and say bitcoin is no longer redeemable and illegal to hold. Once its no longer redeemable, its no longer backed by bitcoin. Once its not backed by bitcoin were back at square one, in a centralized network. They WANT to inflate, it is the end goal of the centralize government to continue funding their motives. Otherwise, they would be taking the necessary steps to move towards the future. THEY CHOSE TO GET OFF THE GOLD STANDARD, i dont trust them to take care of us. Isn't the lightning network supposed to take care of what's being discussed? Anyway, i have much more to read.

Jay_Bird_75

This is Pure GOLD and I will be reposting this everywhere!

Gorillahair2000

-Fiat Standard -Bitcoin Standard -Creature of Jekyll Island -Sovereign Individual Those books should tie you up for about 2 months. Then go ahead and -Listen to Michael Saylor/Robert Breedlove What is money Ep 1-10 -Michael Saylor vs Frank Gupta FIAT vs GOLD debate That should easily cover your first thousand hours. Then learn technicals. I did -What is binary -What is hexadecimal -what is a hash function -What is SHA-256 -What is a merkle tree -What is a merkle root -What is difficulty adjustment -What is RIPEMD-160 -What is “mining” -What is the nonce -how does bitcoin stop double spend There’s so many more you will discover the deeper you go. I’m about 2500 hours dedicated to learning and still learning stuff everyday. Good luck

Rayo2000

Well, while that scenario is possible is also hipotetic. Bit is mostly certain and more possible that wars create huge inflation. Let say due to the Craziness and coloniasm of EEUU alor with its mercenaries create a problem mainly and most important in Middle East you know that oil moves the world soo if that is stopped...Hell of INFLATION WE WILL SEE....SO I'LL RATHER STICK TO BCT , GOLD , SILVER.

Cryptophorus

Certainly! Let’s explore the historical context of the **British pound sterling** in relation to gold: 1. **Before It Became a Fiat Currency (Pre-1797)**: * Prior to becoming a fiat currency, the pound sterling was directly linked to **gold**. In **1717**, Sir Isaac Newton, as the Master of the Mint, set the gold price at **£4.25 per fine ounce**. * [This fixed rate remained stable for approximately **two centuries**, except during the **Napoleonic wars** when gold cash payments were temporarily suspended](https://www.weforum.org/agenda/2016/06/a-short-history-of-the-british-pound/)[^(1)](https://www.weforum.org/agenda/2016/06/a-short-history-of-the-british-pound/). 2. **Current Value in Gold (2024)**: * [As of **May 2024**, the **LBMA Fix** records the value of one troy ounce of gold in pound sterling at approximately **£1,691.62**](https://www.chards.co.uk/gold-price/gold-price-history)[^(2)](https://www.chards.co.uk/gold-price/gold-price-history). * This means that with one pound sterling today, you can purchase approximately **0.059 ounces** of gold. 3. **Comparison**: * Comparing the historical gold price of £4.25 per ounce to the current price of £1,691.62 per ounce, we see a significant difference. * The pound sterling has lost substantial purchasing power relative to gold since it transitioned to a fiat currency. In summary, the pound sterling’s value in terms of gold has changed dramatically over time, reflecting shifts in monetary systems and economic conditions. 🌟💷🏅 Source: Conversation with Bing, 5/6/2024 (1) A short history of the British pound | World Economic Forum. https://www.weforum.org/agenda/2016/06/a-short-history-of-the-british-pound/. (2) Gold Price History | All Time Prices In GBP | Chards. https://www.chards.co.uk/gold-price/gold-price-history. (3) Great Britain Gold Price 1663-1800 - Officer - 17th century, 18th century. http://www.pierre-marteau.com/currency/indices/uk-01.html. (4) Gold Price UK in Pound Sterling (£) | GOLD.co.uk. https://bing.com/search?q=gold+price+in+pound+sterling+2020. (5) Gold Price Chart | GOLD.co.uk. https://www.gold.co.uk/gold-price/gold-price-chart/. (6) Gold Price UK in Pound Sterling (£) | GOLD.co.uk. https://www.gold.co.uk/gold-price/gold-price-uk/. (7) Gold Price UK (GBP) - Today's Live Gold Price | The Royal Mint. https://www.royalmint.com/gold-price/gold-price-uk/.

TransvisionMission

He's been SELLING GOLD while ACCEPTING BITCOIN, for years.

Gryndzor

IN 1971 NIXON TOOK THE DOLLAR OFF THE GOLD STANDARD - vibes

TheCrazedBackstabber

You know you’re in wild times when even GOLD is having massive +/- swings. People need to stop being scared of these swings. If stuff crashes, don’t sell cheap. That’s what keeps you poor.

Whiskeywonder

I don’t think Bitcoin and gold are a good mix. I think of them as partners as a safe haven but are very different. I think it’s gold bugs thinking Bitcoin needs ‘backing’ when it doesn’t as Bitcoin IS the backing just like Gold is the backing. Problem is at best a gold token will be just like paper gold and that means you don’t really own it and rely on third parties. It would just add to the problem of hypothecated GOLD.

Exploration-team-223

What the fuck is this guy high on? There already exists an investment opportunity like this, it's called GOLD

skydiver19

Of the typical 3,000 metric tonnes of newly mined gold ore per year, some 300 tonnes of gold goes into producing high-end electronic devices (some may too come from another 1,000 tonnes annually recycled gold). Gold is used on connectors and contacts because it has excellent corrosion resistance, high electrical conductivity Its ironic that the people in this sub are complaining about the average person not understanding the value of BTC yet clearly don't understand the value of GOLD and gold is needed and used in every mining rig out there. 🤦‍♂️

rofo7104

Stupid? How else does one buy Crypto, or metals, or the next thing? How will gold be exchangable, if fiat collapses? It's probably better to stock up on necessary items that one cannot live without, like tampons or chocolate. Or maybe learn how to distill liquor. I understand your point, but most people will not invest in anything as they have no access to exchanges, stocks, or metals. You could be called stupid if you think just GOLD is the answer.

wecallthempoor

"The problem isn't with Gold it's with humans!" Absolutely fucking idiotic. That means the problem is with GOLD. Is Schiff saying that in order for Gold to work, humans need to all become like Christ? The reason Bitcoin was invented is because it is a system build to withstand the corruption of human beings. Gold is actually a worse system than Fiat which is why Fiat overtook it.

analogOnly

He accepts BTC for GOLD on HIS website. 💀 Peter Schiff is an actor.

KneesBent4RoyKent

The BTC graph shows 1 week, GOLD graph shows a month..........................................

DanDemanz

Ur story is GOLD! 🤩 Sorry about the $54M

Virtual-Translator96

Your son has a good taste, fender guitars are gems, but BTC is GOLD, well this is my opinion, I know there are people that appreciate more instruments due to the fact they were trees, then wood then something that touch the reality itself with sounds, but BTC is generational wealth.

Emotional_List_4583

GOLD

originalrocket

So CPI print high was actually good for BTC? But no chance of rate cuts now. GOLD is going up too. Now I'm a bit confused on BTC's purpose as a store of value. We crashed on the news, but now going up. Just weak hands people trading it as a stock?

SomeAreLonger

FIAT people towards BTC "and they can't even hold the currency because it's made out of nothing!!!" GOLD people towards FIAT "and they believed that printed notes are the same as the stuff we pull from the ground!!!" The reality is that the old school cannot comprehend the new because their ego won't let them.

newtimes7

WARNING ⚠️ GOLD STANDARD PORTFOLIO BELOW: 1)🪙 FILECOIN is the next bitcoin. FIL $5 It's blue chip DePin sector Leader (Decentralized Physical Infrastructire Network) Meaning here in DePin, u cannot create a coin out of thin air like doge. U gotta back it up with the most expensive mining machinery money can buy. Mining spread globally. SSD hard drives, NVIDIA 4080 are minimum enter requirements. Mountain sized penalty if miner goes offline for a second ⛰️. Filecoin provides free storage whereas Google cloud ☁️ , Amazon Web Service charge 100x more. Recent clients CEARN Labatory. Harvard. Filecoin is backed by heavy Chinese miners, same guys who went heavy bitcoin mining 2014. With data storage being the most expensive part of owning a smartphone, or a college database, Research organisations. Aka Datageddon. FIL is one stop solution. Like iPhone for mobile. 2)🪙 FLARE NETWORK FLR $0.04 FUNDED BY RIPPLE. Truly decentralised Oracle. Provides Smart Contract for non smart contracts chains like btc xrp doge ltc. Bank of International Settlements is testing a pilot project with 8 Central Banks in 2024 to use Smart Contract Defincomnanies to send International payment through blockchain. Because large payments cannot be sent without counter checking 100 parameters. Google it. In simple language Flare Network offers interoperability. 👌 Which is the golden egg of defi. Interoperability is using At&t internet on an apple iPhone sending Google's Gmail to Yahoo user using an android smartphone. Cross-chain interoperability refers to the ability of different blockchain networks to share data, assets, and functionalities securely and seamlessly. Bull run 2025 price $2 $10 by 2026 Flare offers defi to BTC. FBTC gets created & earns 5% anually. Secured by 2.5x collateral. 1x by Eth or USDT & 1.5x by Flare. So for 1 FBTC $60,000 of USDT or ETH has to be put up as collateral & $90,000 worth of Flare. Just for 1 BTC. U can see that we'll run out of flare like a rich bachelor in Hong Kong. 😅 Funded by Ripple, if u forgot. 3)🪙 XRP has won court case & is waiting for judgement in a month or 2. Invest heavily. SWIFT $15 Trillion a day volume, Blackrock launching RWAT Real world asset tokenization last week. All this will put heavy load on a Bank's blockchain Ripple. $100 easy. $500 by 2026 RWA is where a Bank converts your house, painting, german company's sgares, into 1000 Xrp & giving u liquidity in an illiquid asset class global. I charge for my years of experience. No freebies here. Kindly pay fee if u expect my future services, guidance & to invest your capital well. And my bull run 2025 partial exit plans. Plus it took too much time to write ✍️ all this. I'm exhausted. My Tron (TRC20) USDT Address: TM9DA7qJJBmJBHoPcqGLALcNPYsYX96vp7 USDT on Tron blockchain ensures 0 fee while sending. 👍 Take care & have a wonderful journey. And everyday give $100 or job to someone in need once u make it big in digital assets.

MysteryLiezer

Well, how much of your portfolio is allocated to Silver? What about Google stock? Amazon? How much Amazon stock do you own? Okay, I get it; Amazon is only the 6th most valuable entity on this chart. So how about GOLD, then? Surely, the person who can’t imagine betting against the 9th biggest asset on Earth isn’t betting against the literal BIGGEST asset on Earth, are they? It’s not weird that people are betting against bitcoin; different strokes, for different folks.

PopFirm5291

I just FCKING hate when there a small dip and people are freaking like it is a FCKING end of the world. You are HOLDING A FCKING STRONGEST ASSET IN THE WORLD RIGHT NOW. THAT IS BITCOIN. ABOUT TO SWALLOW UP THE DAMN GOLD MARKETCAP AND LATER REAL EASTATE.

Professional-Sun2825

Yeah, but GOLD :) ....

Yasha666

Just for a bit of context, there is some serious rumblings in the gold/silver scene. Normally-conservative commentators are predicting big moves in the immediate future. King World News pretty bullish too…… “Gold futures have just broken above the $2,300 level and silver is now $26.30, but you haven’t seen anything yet. Gold & Silver April 2 (King World News) – Graddhy out of Sweden: Very big picture there is a massive divergence between GOLD & SILVER. Last time the two had a larger divergence like this, silver played catch-up big time. And this time, silver will break out of a 43-year+ cup and handle. So the over-shoot this time should be absolutely mega.”

nassauboy9

When Y2K ended I did buy gold and silver sir. Then in 2009 I diverted savings to BTC, why because had all the benefits of gold and then the easier physical storage problem was solved, and transferring the asset was both instant and required no third party agreement or transportation issues (yep I have been stopped boarding a plane meters from the door and asked by a tactical unit if carrying more than 10K in "GOLD". Yep specifically asked about "gold". BTW - I was not, and I also have no criminal past. So yeah I still have some precious metals, but my believe is that the greater portion of assets will move to digital, like everything else. I still agree having some gold and silver is nice, its impressive to hold and look at, and has a value to be sure arround the world.

AndrewHWK

For everyone: what do you think about PAXOS GOLD?

Anti_Wokeism

You are so wrong lol. Bitcoin is the GOAT it’s not store of Value, it is the equivalent of GOLD.

thetaleech

The ONLY aspect of gold that is superior is malleability. Silver is right there with it. Copper is malleable, but not quite as much. We are able to make copper just as thin as gold - it’s “less easy” but not in any significant way with modern tech. Copper and silver are both resistant to corrosion too. Everything you listed is true, but also true of copper (except luster) and are all just more reasons we choose copper. It’s just as good as gold but LESS RARE, LESS SHINY, AND THEREFORE CHEAPER. My entire argument is built to shut down the anticrypto crowd who says “CRYPTO IS NOT LIKE GOLD BC GOLD HAS INHERENT VALUE.” The inherent value of gold is simply not a real factor in its real world value. That is about RARITY, NOT USEFULNESS. BTC IS like gold.

G_Star_X

You fuqed up bro.. Bitcoin is for these fanboys lol.. Real men are buying GOLD. Gold is up 22% over the last 3 months killing bitcoin in that time.. Furthermore just look at what all the elites are buying right now.. Bunkers and GOLD!! They are not buying bitcoin bro..

G_Star_X

Fuq you buddy.. I invest in GOLD. Get out of here with that arrogance as if you are the smartest dude in the room lol.. The Elites do not buy Bitcoin.. They buy gold..

DefiOpt

I was living on the Gold Standard until 2024. I transitioned to BTC. It’s not new to me not living on worthless fiat currency, but it’s more fun to live on BTC standards than GOLD. If you are reading this post and still living on the Fiyat system, you should consider moving BTC standards. It’s hard to process all, but as time passed, you did not even look back or remember your Fiyat currency name. Here is my process; After paying all expenses, every dollar terns BTC. All my passive and broker incomes also go to BTC. I create a report at the end of the month to look at how money BTC i have. Here are the pitfalls: sometimes you spend your BTC covering some expenses but value less than you expected; in this case, consider that you went to Europe, and the dollar/euro difference automatically makes you more mindful of spending less. When BTC goes up, you feel more prosperous, spending more and buying what you want. That is the beautiful part of living outside of the fiat currency. Our founding fathers discovered it, and they wrote the constitution saying America’s currency is silver, but today, politicians and government are forced to use bankers' money. In this case, BTC plays a significant role in shaping every person's finances regardless of color and end ethnicity, so equal wealth distribution has just started, but still %70 of humanity is sleeping. Wake up before it gets too lat! Cheers

SettingIntentions

This. As I've thought more about it, and heard from my family how interest has increased prices of goods so much, it's made me more and more interested in crypto long-term. I do think BTC is like digital gold. I don't know how I feel yet though about satoshi's and trying to popularize BTC for sending and receiving payments. On one hand it is great to receive BTC and then hold it, but at the same time in my experience sending BTC can be a bit slow. I guess that's the point of lightning network. Still, I wouldn't buy products or services in GOLD if I had a lot of it. I would instead opt to pay with my USD, and just keep GOLD as my longer-term savings and medium-term savings. Thoughts on this? Some people in the community that I know act like BTC is completely going to be the future, but I'm not sure that I see it yet. I see it as a form of digital gold to protect one's assets from inflation, but so far as I can see I think fiat is here to stay, especially because it'll help the government (whichever one that's in power) hold power over the citizens via inflation and all of that. Also because the economics of BTC make it inherently a bit deflationary. Why would I want to spend something that is going to increase in value (or hold its value) as time goes on? I think I read somewhere before that in the Great Depression the USD was deflationary a bit, and so people didn't want to spend their money because it would be worth more later. I could be wrong here. I'm just tossing out thoughts for discussion...

HODL_monk

Dude, we are talking about the US, there is NOTHING wrong with wanting to make money here. Comparing Video games to Bitcoin mining, neither of these things will 'dump chemicals right in the river', so that is a straw man argument, but if you want to play that card, why don't we put the excise tax on GOLD mining, which DOES pollute the environment ? The reason is, of course, Bitcoin is the new new thing that we have to hate on now, according to the media, but our grandpappy panned gold in the gold rush, so that is nothing to be concerned with, because its grandfathered in.

bitcoin_islander

Have a look at the logarithmic chart of GOLD/BTC. Thank me later.

Expo24816

It does something, it appreciates in value over time. Fiat depreciates every year due to money printing causing inflation. BTC appreciates due to a fixed and limited supply and deflation from people losing their coins every year. Also, I'm not gonna explain all the great features it has. Go on YouTube and type in "Anthony Pompliano, BTC vs GOLD vs Fiat" and look at the chart and listen to the video, it's only like 4 minutes long. Also, by 2054 you probably will be able to make more purchases with BTC. People will be buying cars and houses with BTC.

bitcoin_islander

Gold is not a hedge. Have you ever looked at the GOLD/BTC chart? I suggest you do.

rockyharbor

Gold, this is GOLD! Jerry

Educational_Speech58

Dud Im 62 older than you I goit more btc than you . I know nothing the ww2 babby boomers got in early in invsting thy are old mony land high rise building ect. THE3 DOLLARE WILL NEVEER GO AWAY. GOLD WILL NEVER GO AWAY YOU dont under stand American system thy will ge t there tax money trust me

SegheCoiPiedi1777

Personally, I think that whether or not BTC surpasses GOLD in market cap is a binary outcome. Either it gets adopted by nation states and institutions or it does not. I don't think BTC can become a 13+ Trillion asset class just with retail investors and following the "conventional" path of climbing to ATHs post-halving. In other words, either we will see it happen very suddenly or it won't happen. It's not like if tomorrow Qatar and the UAE announce they are holding BTC as a reserve asset, other countries can NOT opt-in. At that point, game theory kicks in and everybody jumps in.

01reid

The dollar was ok for a while until they got rid of the GOLD STANDARD in 1974

Buttcoinmodssuck

How does the entire world use GOLD? How does the entire world use Property? Ethereum exists as a problem looking for a solution. It is NOT a store of value and it is not a unit of account. It is a security that was pre-mined and like all shitcoins it will tread to zero against Bitcoin.

rcmcom

🧮 I have an answer for the future price (2025 year end) of BTC with real FACTs/statistics/analysis/numbers: Analysts from BOA estimated that $93 million USD are needed to increase the price of BTC 1%. [Source - Bloomberg (2021)](https://www.bloomberg.com/news/articles/2021-03-18/have-93-million-you-may-be-able-to-boost-bitcoin-s-price-by-1) So far, we have had (since ETFs inception) $6 billion inflows, that made the price jump from $38,000 to $70,000 (validates exactly BoA analysis ✅). You can EASILY calculate future price by increasing the BTC price 1% every $93 million added net inflow. It is estimated that GOLD ETFs (Global) have $200b net assets in custody worldwide (World Gold Council). It is also estimated BTC ETFs assets in custody will get to $150 billion by 2025, that would be $100 billion more inflows added to current total assets in US (just US) ETFs (Grayscale still the largest). [Source (Nasdaq) ](https://www.nasdaq.com/articles/spot-bitcoin-etfs-will-see-%24150b-inflows-by-end-of-2025-says-investment-professional%3A#:~:text=Smart%20Investing-,Spot%20Bitcoin%20ETFs%20Will%20See%20%24150B%20Inflows%20By%20End,Investment%20Professional%3A%20'Remarkable'%20Demand&text=Ric%20Edelman%2C%20founder%20of%20the,by%20the%20end%20of%202025.) Let's do the math for just $50 billion inflows (half of what is estimated 2025). 💻 If you input this to ChatGpt 4.0: "An asset needs inflows of $93,000,000 USD to raise 1%. It is currently trading at 70,000 usd per unit and has a market cap of $1,300,000,000,000. With new inflows of $50,000,000,000 what would be its price per unit?" RESULTS: With the new inflows of $50,000,000,000, the price per unit of the asset would increase to approximately $446,344.09 USD. Link to Chatgpt analysis: [Link](https://chat.openai.com/share/9774f5d9-28d5-4ff5-9d34-969669ec354b) 💵 This is a real number for BTC price: $446k Thanks. R.

foz_fozool

Dear sir/madam; I am clearly saying that buying GOLD from a vending machine is dumb.

DepartmentTall4891

$0 is realistic when BTC GOLD comes out and BTC ULTRA, BTC SUPER ULTRA, BTC PLATINUM, BTC SUPER PLATINUM, BTC DIAMONS, BTC SUPER DIAMONDS.

mookizee

What comes next? 7Google1.68 t 6Amazon 1.82 t 5 Saudi aramco 2.05t 4 nvidia 2.18t 3Apple 2.63t 2Microsoft3.01t 1GOLD 14.7t

am-i-a-peepee

Not really bitcoin, but the fact that people are too stupid to understand and have a hard time grasping what it is. IT’S A DIGITAL CURRENCY THAT OPERATES ON A DECENTRALIZED NETWORK CALLED BLOCKCHAIN THAT ALLOWS FOR PEER TO PEER TRANSACTIONS WITHOUT THE NEED FOR INTERMEDIARIES LIKE BANKS, AND ITS SCARCITY IS ENFORCED BY ITS CODE, MAKING IT A STORE OF VALUE AKIN TO DIGITAL GOLD. All summed up in one sentence and these dumb mfs still won’t get it.

Putrid_Pollution3455

20% as part of my modified permanent portfolio of 20% each into VOO/TLT/USFR/GOLD/BTC.

hideo_crypto

It’s interesting to note that gold price was $332 when the first gold ETF GOLD was introduced into markets in 2003. https://www.marketwatch.com/story/how-gold-etfs-have-transformed-market-in-10-years-2013-03-29 My opinion is that there will be steady growth with shallower dips here on out. I think any huge pumps will be tempered by ETF profit takers from huge funds and vice versa for any big dips. There are also people saying huge funds can now manipulate BTC prices. I have no idea what I’m talking about.

rcmcom

🧮 I have an answer with real FACTs/statistics/analysis/numbers: Analysts from BOA estimated that $93 million USD are needed ti increase the price of BTC 1%. [Source - Bloomberg (2019)](https://www.bloomberg.com/news/articles/2021-03-18/have-93-million-you-may-be-able-to-boost-bitcoin-s-price-by-1) So far, we have had (since ETFs inception) $6b net inflows, that made the price jump from $38k to $70k. You can calculate future price by increasing the BTC price 1% every $93 million added. It is estimated that GOLD ETFs (Global) have $200b net assets in custody worldwide (World Gold Council). It is also estimated BTC ETFs assets in custody will get to $100b in the next 5 years, that would be $50b added to current cap. If you input this to Chat Gpt 4.0 this is the answer for the future price:: An asset needs inflows of $93 million usd to raise 1%. It is currently trading at 70,000 usd. With new inflows of $50,000,000,000 USDwhat would be its price? RESULTS: With the current market cap calculated at approximately $9.3 billion, after the new inflow of $50 billion, the new market cap would be approximately $59.3 billion. Consequently, the price of the asset would increase to approximately $446,344.09 USD. This is a real number for BTC price: $446k Thanks. R.

Gordon_Law

It is crucial to make sure that you the prior year activity in the **new** software matches the old software and what was filed on your tax return. That is the hardest part! In some cases, that means needing to re-upload all the original transactions and trades, generate prior year reports, and make sure they match. That is sometimes nearly impossible! Some software shows a closing position or end of the year report. Hopefully it includes, by lot, the cost basis and date of acquisition of each token. THIS REPORT IS GOLD. Using the year end report, we help clients construct manual purchase reports to upload into new software. There is no one size fits all solution - we often need to create custom scripts to make it work.

DepartmentTall4891

You'll get rug pulled. Buy gold. Central bankers are buying GOLD right now and selling USD. BTC was pumped so whales can get out.

Revolutionary-Ebb-26

Until they're not. Executive Order 6102 made self custody of GOLD illegal from one day to the next. How much Bitcoin was lost in the mtgox collapse? Maybe more Bitcoin has been lost from early users amassing Bitcoin and losing access but the ratio of Bitcoin to users in the early days was much different. The ratio changed over the years. Many third parties have gone down forever severing people from their Bitcoin. Celsius, BlockFi, CoinBits.. I would imagine at this point more people have been burned by third parties than mismanaged self custody.