Glad someone brought up gold...and bitcoin. Yes, devaluing dollar with the stimulus. I am surprised though that it is not moving up higher and just sold my very tiny position in bitcoin. Bitcoin just seems too dangerous with nothing backing it up, but buying gold etf that are housed in other countries doesn't feel safe either. What to do?
I read the details on storage, insurance and physical redemption for PAXG vs. AIU ETF. VERY similar.
Also, I get interest on my PAXG, since it's at BlockFi, but I understand that can be seen as "risk on risk" and may not be worth it for everyone.
Kraken is a crypto exchange. It's been around awhile. I personally don't use it for trading.
I have a small GTC limit buy order for IVR at $3, but until that hits, it's cash. Also have a GTC limit sell on my SIVR holdings at $28.40. My SIVR is in an IRA, so no tax consequences for trading it.
Glad someone brought up gold...and bitcoin. Yes, devaluing dollar with the stimulus. I am surprised though that it is not moving up higher and just sold my very tiny position in bitcoin. Bitcoin just seems too dangerous with nothing backing it up, but buying gold etf that are housed in other countries doesn't feel safe either. What to do?
Split the difference and buy PAXG??
IDK either...
I had to look is up and will do some more research, seems like a viable alternative. Font thing is the website was kraken . com 😆
I'm sitting 1/3 gold etf, out of inflation fears with the stimulus, and 1/3 cash because I just don't know what do right now! Such uncertain times.
I read the details on storage, insurance and physical redemption for PAXG vs. AIU ETF. VERY similar. Also, I get interest on my PAXG, since it's at BlockFi, but I understand that can be seen as "risk on risk" and may not be worth it for everyone.
Kraken is a crypto exchange. It's been around awhile. I personally don't use it for trading.
I have a small GTC limit buy order for IVR at $3, but until that hits, it's cash. Also have a GTC limit sell on my SIVR holdings at $28.40. My SIVR is in an IRA, so no tax consequences for trading it.
I have been considering it. It's the increase charge and inconvenience of buying and selling physical, but probably the best for now.
Why not physical gold?