Sunday Morning Market Talk! 4/14/24

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(Edited)

🪙 Sunday AM Market Vlog 🎙️

Sorry friends but Pax Gold pump is not a sign of Real Gold price!

  • PaxGold Crypto Scam
  • Futures Hype
  • Bitcoin
  • Gold
  • Twitter Hype
  • Hive

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My friends, I see a lot of hype about Pax Gold… It’s total trash with no liquidity! A pump to $2800 doesn’t mean anything about actual Gold price. It’s done this b4 and isn’t a sign of the futures at all! Just be aware… also it’s worst of both worlds, Cryptocurrency & Metals. They keep Gold in a Government vault. It’s ultra third party risk and as a crypto it’s centralized and has no extra value.

Now here’s an interesting chart! ⬇️

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Then we had Hive dump about 20% yesterday versus Bitcoin far less % move. That said Hive just moved same as most the crypto space ⬇️ Bitcoin is king as we already know.

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8 comments
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I always stay away from digital metals. Even PSLV, whom many consider legitimate and trustworthy, make it impossible for the average person to take delivery of the metals by setting ridiculously high thresholds.

!BBH
!PIMP
!hiqvote

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You received an upvote of 50% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

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PaxGold? I'd rather hold the real gold in my own hand.

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Heck I’d rather let my cousin who has a gambling problem hold it over this option 😂

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I don't really like any of those holdings such as Pax and I have turned myself a bit away from GLD ETF also. The ETFs take away a portion in their fees and it just doesn't seem like a better play then buying some actual gold. Rather I would choose mining companies instead as they produce gold and generate some value.

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