I’m doing this because this was exactly how I saw recommendation from a friend and I decided to give it a short now my $700 I invested has turn to $10000 within one week. Thanks sir @Huthcryptocurrency
I recently sold 2 gold watches on Ebay to convert the funds to BTC. Ebay was my best bet to get fair value, as local shops will always offer a lot less. It took about 2 weeks to sell the first watch and 3+ to sell the second. Then I had to wait 21 days AFTER delivery for PayPal to release my funds. Thank God that I didn't need the money right away. Let's not talk about the 13% I paid in fees to Ebay and PayPal.
I'll still hold some metals but I prefer BTC because it's as liquid as cash and scarcer than any precious metal. IMHO.
I'm a Gold Bug who jointed the bitcoin party in 2016. I own gold etf's among other precious metal assets.
GLD up 27% YTD
SLV up 42$ YTD
Bitcoin up approx 114%
I'm ok owning all 3 (Bitcoin, Gold, Silver).
I don't understand why it has to be one or the other.
you can invest in gold ... it just doesn't make much sense to invest in paper gold that is highly fractional and manipulated. own the gold outright and control it physically or don't at all. same with bitcoin ... control the private keys or don't bother. This is the distinction between registered value and bearer assets
I own physical gold, silver, gold and silver etf's and mining companies. I've been doing it almost 20 years. I'm only in bitcoin because it attracted my attention when it was around the gold price (2016-2017). People were calling it digital gold. I think it makes sense to make money any way you can but I do agree that it's best to have physical gold and control the private keys with bitcoin.
I have considered getting into gold, but have no idea what gold etf is.
Is that different than buying actual gold? I've considered buying it, for tangibility, but all I see are shady looking shops and random businesses that I feel a bit hesitant purchasing from.