Crypto Currency

I’m not buying any Bitcoin. I’ll just stick with gold as an inflation hedge.

I’m not buying any Bitcoin. I’ll just stick with gold as an inflation hedge. Originally Posted by Jack Scheidt

Physical or certificates? How does one get closer to the actual value of Gold rather than retail which eats up profit?

-A

Physical or certificates? How does one get closer to the actual value of Gold rather than retail which eats up profit?

-A Originally Posted by aloysius.x

Precious metals are easy to buy, but hard to hold, and hard to sell, at least for a reasonable price. If you take physical possession, do you have a bank vault to store it in? If a burglar finds it, you likely won't have insurance to cover it.
All the local dealers I am aware of offer pretty low prices when they buy. There are some online buyers that offer higher prices, but you have to make sure they have a good reputation and then hope for the best. That also entails shipping costs and insurance.
Said all that, but still didn't provide an answer to your question, which is a very good question. A question I wish I knew the answer to!

Elon Musk just posted this on twitter explaining crypto currency
3 min. video

https://www.youtube.com/watch?v=YHjYt6Jm5j8&t=5s

He also heard a rumor that some crypto coin was pegging the dollar..

Elon Musk just posted this on twitter explaining crypto currency
3 min. video

https://www.youtube.com/watch?v=YHjYt6Jm5j8&t=5s

He also heard a rumor that some crypto coin was pegging the dollar.. Originally Posted by Sandy

That's funny as hell.

-A

Here's my take:

Whether you understand it or not, just buy a little and forget about it. Get a crypto wallet, don't just use robinhood, and throw what you are comfortable with in each coin. I currently own 10 different cryptos, most Have 20 in each except DOGE and ETH which I have significantly more.

Example:
If you threw $20 at bitcoin when it was $1 each in 2011, today that would be worth 1.025 million. That's a "pretty good" 10-year ROI(my ex-wife talked me out of investing $500 BTC in 2012...)

Given my experience and the potential gains, Im ok with losing what amounts to a nice dinner and movie.