I'm extremely deep in cryptocurrency. Mainly Dash, ...and then a basket of others. Mainly Eth and BTC in the basket. I have a reasonable stash of silver and less of gold.
I've been invested with cryptocurrencies since 2013. So spare me the spruilk. People should do their own broad research. I am invested in various DeFi projects already.
I know gold is the long term investment to make, but I just don't understand why.
If things get bad enough that I need to utilize the gold, who is going to give me anything for it or who can afford to give me anything for it?
Maybe I'm being unwise and overly skeptical for not having any, but I just don't understand why gold would help me out when everyone else is not doing well either.
Interesting times ahead. US debt is soaring. Lots of monies to the usual "too big to fail" mob. To my understanding, the Fed is largely not in Trump's control, and if the USD spirals due to inflation, that will also be out of Trump's control.
Artificial turn down and artificial recovery. Lets see how the USD stands up to all of this moving forward.
buy gold like buffet
$NAK
I'm extremely deep in cryptocurrency. Mainly Dash, ...and then a basket of others. Mainly Eth and BTC in the basket. I have a reasonable stash of silver and less of gold.
I've been invested with cryptocurrencies since 2013. So spare me the spruilk. People should do their own broad research. I am invested in various DeFi projects already.
I know gold is the long term investment to make, but I just don't understand why.
If things get bad enough that I need to utilize the gold, who is going to give me anything for it or who can afford to give me anything for it?
Maybe I'm being unwise and overly skeptical for not having any, but I just don't understand why gold would help me out when everyone else is not doing well either.
Am I missing something super simple?
Interesting times ahead. US debt is soaring. Lots of monies to the usual "too big to fail" mob. To my understanding, the Fed is largely not in Trump's control, and if the USD spirals due to inflation, that will also be out of Trump's control.
https://www.marketwatch.com/investing/index/dxy/charts