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RE: I Need To Do A Video Intro Post- Ask Me Anything!!!
Here’s my question for you @nomadicsoul. My question for you is... What question do you want me to ask you?
Here’s my question for you @nomadicsoul. My question for you is... What question do you want me to ask you?
What do you want me to want to you to ask me??
Lol perfect answer
lol I have a question for you! What do you invest more in: gold or crypto?! Do we already know this answer?! I want to go all teacher on you and say "and why. Have it on my desk first thing Monday morning." lol jk, I don't expect an essay
Lol What the heck! This is supposed to be YOUR video! Who cares about my boring answer :)....... It’s a good question and the answer is a little more complicated than it may seem. First we have to frame what an investment means. There are basically two ways to own gold from that perspective. If you are using gold as money (which is what it is) then it is actually not an investment but strictly savings. This is how we use physical gold as a tool to protecting purchasing power, which is what gold does better than any other form of currency in the history of ever. This is actually because of physics and nothing to do with economics, but thats another story for another time. In this scenario gold just does what it always does, which is sit there and protect your accumulated labor. The second way would be if you seek a return, in which case you have to take on some risk as in any investment .If you seek capital appreciation (vs. capital preservation in the former example ) then you would buy something you expected to go up much more dramatically than physical gold. This would be something LEVERAGED to gold, like a gold mining stock for example. The risk profile would be exponentially higher than owning physical gold but so would your potential reward. So if you were bullish on gold you could do either, or both..... As far as crypto and gold, its comparing apples to orangangatans. One literally has nothing to do with the other, the same as if you were comparing gold to a stock. Gold should only be compared to other currency’s and not equity’s..... back to crypto, totally different and imo highly speculative, with insane volatility and spectacular potential returns. So im not sure this answers your question in the sense of which total dollar amount do I own more of but I will say that I own significant positions in various forms of all the assets discussed :). I think its super important to be as divesified as possible, as no one can possibly know whats going to happen . Now what’s my grade
Your grade is V for Vang @goldmatters. Also, thank you for the super lengthy explanation and NON-boring answer. I had an answer in my head but I really cared more about what YOUR thoughts were on this matter. Since you're the G for genius
T for Thank you!! I love when people call me a genius :). omg what did I write here? TLDR my own post back