ARE YOU A FAN OF GOLD?
Right from the start I am telling you I do answer this question to the negative. I like to listen and be part of the conversation and grab what fits my profile. I do not own gold to start and I know better to respect everyone owning gold. Actually let me retract a little bit. I do own jewelry made out of gold. It is something like a melting pot thinking owning gold has to be a gold bar. Gold is all around us. You probably owning gold and not knowing you do. Many do not see gold as an investment unless you purchase it as such. Gold could be like an ornament.
So far we have available by 2021, 205,238 tones of #gold. Hard to put an exact number cause we lost it and recover it and use it everyday. Now the value of all the gold in US dollar is at around or more than $15 trillion. Just thinking of cryptocurrency almost hit the $3 trillion valuation not long ago. Just a thought.
I was listening to Warren Buffet not giving gold is fair value. He did not trash it but he sees that gold does not bring any dividend on the table. He prefers to own 100 acres of land instead of gold.
Further down the line I heard #mark Cuban doing a similar context with #gold. The differences between both billionaire one likes his investments that procure great dividend while the other one is a crypto savvy. Now while you listen to both you can easily make judgement as what is important to do with #Gold. I must say if you find refuge in holding #gold, do so with the best of your knowledge.
I read recently a guy stated it is more profitable to mine #Dogecoin then #BTC. The profit margin stands to reward a lot better in the name of the meme. So you will hear, listen, read a lot lately, this is a great thing to do cause it will help you to make guided decision about your needs. We are moving so fast into the technology world where availability and speed concur where many will flock. In the next 10 years cryptocurrency could reach $20 trillion market valuation. Where will you be when this is happening? Hard to miss something you know too well unless you pay little attention to the trend.
It is a big business to do exchange of funds. Crypto is no exception. Crypto was design to do it better. I do not think #Gold can be part of this conversation. As a store of value I lay my hat for gold to an extent. It will always prove to be the shiny metal that give the appearance. When you think of everyday people, crypto will grow and take over the world.
Many are taking #Leofinance, Hive for granted, not too long ago Leo was trading around 4 cents and now it is at 6 cents. There is a determining factor where the accessibility for crypto to grow is limitless.
The growth for #Gold has boundaries. It does not stop it for being shiny. That is how far it will get from what I see. The best argument for everyone, own everything you can.
Do not let me or anyone dictate what you can own.
Make sure you earn dividend, profit and grow out of it.
This is why I keep it simple all the time. Hive stands in the intersection of all crypto. It is an application that keep moving with the need of the holders. Even if Hive is inflationary, it tends to defeat that prospectus by allowing us to hold instead #HBD. Now holding HBD comes with perks like 20% and you can play with the system to exchange for more Hive when there is a price discrepancy in between.
lately January is putting out signal that can show the bull is open his eyes. I am waiting to see if this year is for real for crypto. As long you plan your focus, the direction crypto takes everyday can be something that can change the world.
I see the community is focus.
They see opportunity.
Hope you see it too.
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No I am fan of digital gold 😂
I love gold. Even have a little bit.
I am under no delusions that it is a great investment however.
I see gold as more of an insurance-like investment that generally holds its value over time.
You can hit a big rise in gold if you time it right, but the chances of that are not good enough for me to consider it as a growth medium.
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I like all assets. Gold is one of the prettiest, especially Chinese gold, very rich soft metal .
Even if I were to own gold, it's going to be probably just to hold it for holding sake, since not a jewelery person. But I believe that if one's wealth doesn't have a compounding effect, then I'm not taking it either. I'll also choose land over gold. But at the end we all know hive is king.
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I have been investing a little bit in precious metals lately. I do it mostly because I think they look cool. I don't own any gold. I think we have moved past the point of them ever being a form of currency. Even if things were to collapse. They might still hold a bit of value, but if the world goes to crap, people are going to have more important things to worry about than wearing a gold chain or something. It will be much more utilitarian.
While I have never owned gold as an asset I did own some jewelry at some point but sold it all. I don't really like gold at all. TBH I'd opt for HBD savings than gold over long time.
Gold forever will always be a treasure to mankind. Regardless of what form it comes in, it will always be an asset . All that glitters is not gold though.
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