2D·

Crazy Gold Rush!

Over the counter, the US stock market is already deep in the red again. However, two players are not at all impressed by this: $965515 (+0.78%) and $BTC (-0.52%) even if the BTC is of course still a little below its ATH - the "real" gold is currently simply pulling away.

When will we see $4,000 here?

Despite all the UP UP UP, gold remains for me NOT an investmentbut merely a hedgewhich I will not sell.

So this week will be the 1000th time the share dip will be bought this week.

Let's go!

9 Comments

Alexander_Bitcoin@Alexander_Bitcoin

Everything will tend towards 0 in relation to Bitcoin. Even gold.

•

Rendite Rudin@RenditeRudin

@Alexander_Bitcoin In the end, shares and co. are still not paired with btc! But it would be a cool idea!

••

Epi@Epi

Interesting!
How can something be insurance if you decide in advance never to use it?

Isn't this exactly the time to insure gold? Stocks get cheaper and you can sell gold expensively to collect cheaply? 🤔

•

Rendite Rudin@RenditeRudin

@Epi I hope I never have to use it.
For me, gold is not the kind of insurance for when the stock market dips and I can simply buy more cheaply, but rather for perceived doomsday scenarios - or if my family has to flee or whatever.

That's why I'll never sell it, but I don't buy it in bulk either - only in very, very small amounts!

•

Epi@Epi

@RenditeRudin Okay, I see.
The problem with this type of insurance is that it only really makes sense for a very narrow range of crisis scenarios.
For example, a pile of gold coins won't do you any good if you flee abroad and there are export restrictions.
It might also be funny if thousands of Germans try to exchange their gold coins for houses somewhere in Panama. 😅
In the end, the stuff will be taken from you by border officials or criminals and you'll be lucky to stay alive. 😬

•

Rendite Rudin@RenditeRudin

@Epi Haha, yes, that would be an exciting scenario.
But we also know from history that there will always be buyers - and that you could always buy some kind of service for it. I don't know whether it will be a whole house, but I'll bet you'll be better off with gold than those who don't have any.

After all, bad times are the basis for corruption and the like.
It's also pretty easy to hide - as long as you don't want to enter the country with tons of gold.

•

getused@getused

BTC usually had a lag of ~100 days to gold... so no worries 😉

•

Rendite Rudin@RenditeRudin

@getused Am absolutely carefree😜

•

Ph1l1pp@Ph1l1pp

@getused and in 70% of the cases BTC lagged compared to equities and reversed the gains within 1-3 days :)

•