Interesting development on the gold market.
Gold-backed cryptotoken$PAXG (+0,23%) has risen by more than €100 in the last few hours. The gold market often knows more than the stock market.
This could be an exciting week.
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4Interesting development on the gold market.
Gold-backed cryptotoken$PAXG (+0,23%) has risen by more than €100 in the last few hours. The gold market often knows more than the stock market.
This could be an exciting week.
Why $EURS (+0,78%) and $PAXG (+0,23%) ?
$EURS (+0,78%) is run by Stasis who is working on making it fully MiCA compliant. It has been around for years and besides being possible to have it on any #etherium
#wallet you can place it on some exchanges and get high APR interest paid out, currently I'm getting 12% APR with no lockups, paid on a weekly basis, try and get a #bank to beat that on your cash with no lockups. (and it aint the best rate available)
$PAXG (+0,23%) is run by Paxos who is registered and supervised by regulators at the New York state. It stands for a gold mirrowing asset backed 1:1 with #physical
#gold and that has been around for a while. Besides able to use it on etherium wallets, you can also put it on several exchanges and some even pay you interest on it. Currently getting a 5% APR (and it aint the best rate) paid out weekly with no lockups at more than one provider. Having gold and getting paid interest for your gold deposit, tell me a bank that offers that?
"Never put all your eggs in one basket."
Not financial advice.
What if Stagflation becomes real and we repeat the 70s? What if we get 5-10 years of economic trouble?
Sure it is only a scenario, and sure, we can again see the money printers turned on and delaying the problem once again, but the probability of seeing some harsh times is increasing.
In such scenario we are probably better of with some diversification and not heavy on any specific item except some real $GOLD (physical or digital backed like $PAXG (+0,23%) or $GZUR or other) to hedge for eventual loss of value of money (and some $BTC (+0,22%) for those more willing to believe in it - on a side note, I am, but not financial advice).
Besides gold, a well rounded diversification with a mix of countries and more protective sectors and solid companies who do not require heavy end user consumer for survival might not be a bad idea. Also diversify in currencies, using not just USD but also EUR and CHF and whatelse fancys your likes, might offer some extra protection.
For diversification on the traditional sector:
Real estate direct investment will also have very good opportunities, the payback does take a long time though.
And you, what is your intake? Are we at risk of stagflation or do you believe things will just get better? What is or would be your strategy?
Holy sh... - Gold! (Sorry...)
$PAXG (+0,23%) Gold-backed cryptocoin, which also tracks the gold price 1:1 over-the-counter, briefly rose yesterday evening: 3300 USD/oz (+41%)! The price is now back at USD 2480 (+6%). But the fact that such a jump is possible at all shows how tight the gold market is at the moment.
Addendum: PAXG is currently at 2330€/ oz. 1oz Krugerrand is currently available online for under 2200€. Free money? The problem: $XAUT (-0,25%) stands at 2220€/oz. What's going on?