How should SPinvest get into GOLD STACKING?

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Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of social blockchains. Everyone is welcome! The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. This lets SPinvest offer an ROI of 20% per year on SPI tokens. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from @spinvest are through the hive-engine are dex.steemleo exchanges.

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GOLD

Because gold is honest money it is disliked by dishonest men.

Now that we are ballers and have a busting bankroll of Tether, why dont we splash the cash and get into heavy metal. The desire for gold is the most universal and deeply rooted commercial instinct of the human race and it time for SPinvest to start stacking mofo's. From the recent feedback gathered in last weeks post Which investments are best from this list of 15?, gold is favoured by many club members and it's obviously a must have for any properly diversified fund. Let's have a lookski

Ok, first off Gold is hitting all time highs. Im not sure if cause of this Convid thing are just because it's overdue, maybe a mix of both. I personally think it'll retract a little and then bounce again and were only (famous last words) at the start of the PM's bullrun now. Anyways, buying in at all time highs is not a great investment and trying to time the market is a fools games so what do we do? Spead out the payments, do a gold buy every month are every 3 months? This would level out our cost avgerage over time. It's an option.

Next up and most importantly, how do we buy it? Because of the amounts we would be buying, vault storage is a no go because of the fees attached. This would leave us with 3 ways to invest into gold with it being a 2 horse race. The first way would be to buy into a gold ETF as we have done with silver, the second would be to buy physical and someone hold it and the third would be tether gold which is a tether token pegged to gold basically.

So, forgetting about the EFT we have either holding it are investings into a gold pegged crypto. Below are pros and cons of each.

Physical

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Pros
You hold it you own it

Cons
Sold by weight
Sold at over spot premium
Slow to liquidate and loses premium


Tether Gold

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Pros
Can invest any amount at spot price
Easy to manage
Easy to liquadate

Cons
You hold Privite keys but you dont physically own the gold

I think that those would be the best 2 options for us to get into the gold game. I would be happy with either one and i think both are safe for long term holding. As a precius metals stacker of almost 8 years years now i can persoanaly say that i would only buy physical for my persoanl stash. I would not consider investing into tether gold over actual gold anyday of the week. Tether gold offers the club a way to own gold that is highly divisible and easy to liquidate.


What do you think?

Do a little reaseach and look at a few gold charts and check the charts in different currecnys, $, £ and euro mainly, check out tether gold, look look at bullion sites and see the difference between spot price and buying price, look into all these sorts of things. The amount we invest is easy and a simple vote, this is what we need feebback for so speak up :)


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SPinvest's content is contributed by @silverstackeruk, @underground, @no-advice, @metzli & @taskmaster4450



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13 comments
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Tether gold offers the club a way to own gold that is highly divisible and easy to liquidate.

I think this is the point. As nice as physical is it would be a pain in the ass from the divisibility side. Easy liquidation gives more flexibility if prices/circumstances allow for some profit taking.

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Good to see someone agrees.

I am sure there are other gold backed tokens out there but Tether is a beast and trust would play a big part. It it be stored on Celsuis with our BTC.

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Tether gold is best, only one person owns it so the rest of us will only own it on paper instead.

Wouldn't it be nice to be big enough where we could gift gold to members?

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Yeah, that would be cool. Would cost about $2000 to send out 1g barws to club members :)

Looks like a few people are thinking tether gold will work best for us.

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Pax gold (PAXG) is also interesting as you own the underlying physical gold. https://www.paxos.com/paxgold/

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It looks good, very good. I tried to open an account on the site to get more details but i think its US only, im from the UK :'( Shame as it looks good

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You can get it at Kraken(which works in the UK I think?)

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UK is fine as I have an account though I have only purchased via crypto.com so far. Quiet accumulation then one day I can request a gold bar! One thing I noticed on crypto.com is that the price does not always stay in step with the market price particularly at times of high volatility. It will correct though. It's probably a reflection of lower volume and I doubt it will be an issue when buying via the Paxos website or Kraken.

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I'll check it out as being able to redeem is..... well, the gold standard :)

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Personally I will not expose to Tether gold, better to have the real thing that shines below your eyes.

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True that,

I remember the first piece of gold i bought. I had been a silverstacker for maybe 2 years and bought a gold half sov for like £110. I remember getting it and thinking, is this all i it? This tiny piece of gold!! When compared to the 6+ oz's of silver i would have got for the same money. Never the less, i fell in love with it and have continued to add more since. I personally would not buy tether gold for myself but i think for the best interest of the club, it might be our best option other than a standard ETF. Im still checking out others projects but none of them scream legit and established.

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I think Tether is pretty risky itself.
Pax gold is more trustworthy(which you need if you don't want to hold your own).
You can get it at Kraken and others:
https://coinmarketcap.com/currencies/pax-gold/markets

If you can get psychical might be worth it just to get those but much harder to track i.e gold crypto you can just show address and boom proof....

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