Gold getting KILLED!
invite response
2022 Jul 20, 6:54pm 33,513 views 209 comments
by stereotomy ➕follow (0) 💰tip ignore
Now that iTulip is officially defunct, I thought I'd resurrect MEGA's (Malcolm) thread over there and transplant it here. Apologies in advance to @Patrick.
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207
stereotomy
2024 Aug 17, 11:16am
stereotomy
2024 Aug 17, 11:16am
It's not quite the Rubicon, but gold crossed $2500 at closing on Friday:
From about $250 in 2000 to $2500 today. Not bad for a lump of metal. But muh Bitcoin . . . suck on a tulip bulb.
From about $250 in 2000 to $2500 today. Not bad for a lump of metal. But muh Bitcoin . . . suck on a tulip bulb.
208
AD
2024 Aug 17, 8:45pm
AD
2024 Aug 17, 8:45pm
stereotomy says
Gold went up about 10% annually over last 24 years.
I would not put no more than $30,000 or 3% of assets (whichever is greater) in Bitcoin as a hedge in a fiat currency environment.
.
It's not quite the Rubicon, but gold crossed $2500 at closing on Friday:
From about $250 in 2000 to $2500 today. Not bad for a lump of metal. But muh Bitcoin . . . suck on a tulip bulb.
Gold went up about 10% annually over last 24 years.
I would not put no more than $30,000 or 3% of assets (whichever is greater) in Bitcoin as a hedge in a fiat currency environment.
.
209
AD
2024 Aug 17, 9:15pm
AD
2024 Aug 17, 9:15pm
From what I'm reading of various Wall Street pundits recommendations to high wealth clients (+$3 million in stocks/ETFs/liquid assets), put 3% of assets in a Bitcoin ETF, 6% in gold and silver, and 6% in an oil and gas ETF.
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