Topic - Gold

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  369d
Hey, what do people here think about investing in gold? Always kinda thought it was crackpot, but recently have been creeping towards it might be a good diversification. Thoughts?
  369d
You can't eat gold, and the people saying it is worth more than fiat are selling it in exchange for fiat, which seems against their claims. When fiat collapses, why would people value gold?
  369d
Hmm gold has been money for thousands of years. You may not be able to eat it, but I bet you can trade some for food or whatever else you need. Better than carrying wheelbarrows full of cash.
  369d
Gold is a way to keep your wealth, not to make wealth. Unless you speculate on gold short term with leverage and get lucky multiple times.
  369d
If you dollar cost average buying gold every month/year you will see the purchasing power being retained but not increase on average over time. Compared to other investments with higher risk/ROI.
  369d
The total amount of gold that is possible to mine is unknown, but here is an estimate: https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined about 22% of gold unmined.
  369d
While it is harder to mine the next ounce of gold and the amounts left to mine is shrinking every day, the last 100 years the yearly production have gone up due to tech and discovery.
  369d
  369d
Gold is super interesting just as a thought experiment too. Like doesn't having massive stockpiles of gold diminish it's value? Since there's no "velocity of money" so the whales can always dump.
  369d
I'd argue that's probably BCH's #1 problem too - there's a few whales with large piles of BCHs that aren't moving any value. Roger should really be buying and selling commodities with his stack.
  369d
At least Jihan is selling miners for BCH, unfortunately he's not paying his suppliers in BCH so it's not working to increase velocity very much.
  139d
Karatbars International provide a solid solution and service inside their eco-system www.karatbars.com
  107d
  88d
Schiff Gold (by Peter Schiff) accepts Bitcoin Cash (BCH) payments through BitPay https://schiffgold.com/buy/buying-gold-silver-bitcoin/
  16d