Gold has been around for 5,000 years. It never failed.
He who has the gold makes the rules.
You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust – John McAfee
Life was good in Europe, Paris, Italy, Switzerland, Spain, Africa as the USD was strong. The USD has lost 97% in value in the last 50 years. Outch. InvestmentWatchBlog.
Gold went up 420% in the last 20 years and in most currencies much much more; e.g. in Brazil: 1054%. Goldprice.org. And yet, the main stream media hardly ever talks positively about the precious metals.
Reserve currencies on average only last 40 years. The USD will weaken even faster in a new multi-polar world. The EUR is toast, was toast from the start. What can you do when the EU runs out of German money -- as Thatcher is supposed to have said. It was never a real financial unit and now is being flooded with poor uneducated migrants with a different culture .. an aging European population running out of funds. End of socialism? Do you really believe social security, your retirement is safe? Since the second world war, the kids had it better than their parents. This paradigma is unfortunately changing.
Any clear thinking, whiskey sipping middle class hard working person must like the proven 5000 year record of gold (went up 21% in EUR terms in 2019), and look with envy at the phenomenal rise of BTC so far. For sure, nobody knows if it continues and beauty fades, so why not get best of both worlds? Have a split porfolio of gold and cryptos and shift funds around -- always keeping a core position in both?
Money printing, negative rates, inflation -- all theft from the middle class. At some point the music will stop. You are either in or not. There isa reason why central banks are buying gold again. Smart people invest a small percentage of their savings into gold. Simply average in, don't try to outsmart the market. Gold never failed in a crises. Make sure, it's real gold, not re-hypothecated paper. Gold will start its 3rd wave of the bull-market. the 3rd wave is always the biggest. Most important, think of gold as insurance. Gold is distrust in governments.
Try travelling with a lot of gold across country borders. BTC is easier for use. The supply is limited to 21M and with the halving only 90 days away, it's a no-brainer. Ignore the volatility, buy. If it goes down, buy more.
The question is not Gold or BTC (or any other crypto). Use the best of both worlds. Simply two different asset classes.
The stock market is hopelessly overvalued; same is true for real-estate. The time to accumulate gold and BTC is now. Government spending on ever more debt, all out of control. The Fed, ECB, etc. -- do they know what they are doing? They are enslaving you. Gold and BRC free you.
Empower yourself to financial stability and freedom. V0aultoro can make that step much easier. You need to educate yourself. It's your future. Most hard working people unfortunately worry too little about their own future. Take it into your own hands.
How did you go bankrupt? Two ways. Gradually, then suddenly. ― Ernest Hemingway, The Sun Also Rises
Start now, before it is too late.
You are all a lost generation. ― Ernest Hemingway, The Sun Also Rises.
If all we do, is trust fiat, we will lose -- by definition. Be a winner. The goverment already takes 50% of your income thanks to direct and indirect tax. Keep/invest what you have left carefully.
Look at the protesters in HKG that got seized 70M USD in funds by the government. BTC is permissionless money. Not perfect, but it's time to move past dinosaur banks and central banks.
This is a hell of dull talk … How about some of that champagne? ― Ernest Hemingway, The Sun Also Rises