Optics is everything! #GOLD vs #BTC
Had to take a local snap of some of the finest bullion on display. They were stocked NICE!
I picked up 100 ounces of 2022 Silver Maples and 1/2 of #GOLD
I bought some #BTC at 25k only to see it touch the 200 DMA line of MAJOR MAJOR MAJOR importance.
Here are my thoughts on long term:
Gold and Silver are a life boat. Billions of people world wide have cultural and financial love for metals.
BTC is speculative and has NEVER been tested during a recession / depression. Who do you think will win out over time?
I'm obviously more bullish on commodities as we may be entering into a commodity super cycle.
I'm bearish for obvious reasons on crypto. The average person doesn't need a bored #APE or some other shit-coin. Even BTC is no where near as liquid as #GOLD and #SILVER.
Not financial advice.. buy gold and silver. Buy BTC if you have a little extra dry powder but expect years before we have crazy crazy pumps. You should accumulative both, but I'm weighing more heavy on the REAL commodities. You can't wear your bitcoin unless you convert it.
Crypto has been so bearish. During the recession the precious are still keeping up with inflation !
not sure about that, but I would rather hold that than cash atm. I could be wrong short term.. long term I'm not worried.
Gold and silver is always best because it is God's money. Bitcoin is speculative yes. It may well do better than the fiat dollar. But, is still very risky and it's cycles I believe coincide with gold. What do you think of Bo Polny? Have or did you listen to any of his videos?
I don't listen to Bo Polny.. I remember his name 10 years ago and didn't take much stock into what he was saying about gold.
Gold and Silver has been proven money for thousands of years surviving wars, famines, disasters, and stupid governments since the beginning.
Crypto is a great idea but we hope it will endure past this test of fire.
I just bought some more PMS on this dip too.
Nice buys, I hope the premiums were ok. they always spike up when the price drops, it makes no sense.
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I don't even care about the premiums because I just want to own some. In my hand is cash and it's buying power diminishes creating a premium on EVERYTHING I buy. I don't expect the premiums to come down either so I think to myself to get it while it's available.
I dont think the bottom is in for BTC. But I always try to add more gold and silver... cheers!
I converted most of my crypto into gold silver and wheat 8 months ago and it's payed off well. I still think nothing is safe from the everything bubble that has already or is about to burst very soon.
Food is the new gold