Bitcoin 34000 US$ as of today!
- Thread starter myshufflemix
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Gold goes up during a world crisis while Bitcoin goes down. This is now an established trend. So much for Bitcoin being a new digital form of gold. It has always been purely a speculation. People now realize that.
I am obviously talking about the overall price trend during the period of the Ukraine crisis, not a single day.
Uh . . . what were you saying? At the end of the day, gold is up over over $30/ounce (1.6%) and Bitcoin is down over six percent. As I stated earlier, this is now an established trend. During a world crisis, gold goes up while Bitcoin goes down. Why? Because gold is real money and insurance against uncertainty, while Bitcoin is purely a speculation. During a crisis, investors flee to real money and de-leverage from the risk of speculative trades.
but a single month taken out of a decade 😉
thats how correlation is being made.
How to store and move gold? Especially︁ in times of crisis.
Lets say for "just" a 500k, which is already 10kg which︂ is a already a lot to carry for the untrained western.
thats how correlation is being made.
How to store and move gold? Especially︁ in times of crisis.
Lets say for "just" a 500k, which is already 10kg which︂ is a already a lot to carry for the untrained western.
i agree on your main message however btc will have its time together with gold when cbdc's are︀ going to be implemented .the current downtrend is to kill all long positions and margin︁ and accumulate coins so they can have their last final move.However these coins will in︂ the end fail to hold value (basicly a milking asset like dotcom bubble to finance︃ new tech) where gold will hold and even skyrocket at the implementation of sdr's
The answer is the same to both of these comments. You store your gold in a safe foreign jurisdiction with a well-established rule of law in a secure private non-bank vault, e.g., Switzerland, Singapore, Cayman Islands, etc. Ideally, you split your gold up between several of these jurisdictions, just to be doubly safe.
Then you move your︀ person, not your gold. If you cannot trust having your gold in your home︁ country, why would you trust your government to leave you unmolested during a crisis? It︂ is far more simple to move yourself, than to move your gold. That is why︃ having multiple residencies and citizenships is so important.
Leaving a year too soon is far︄ better than trying to leave a day late. Read the tea leaves. It is a︅ little-known fact that the n**i regime tried everything that it could to force as many︆ Jews as possible to leave n**i Germany. It wanted them gone. All the Jews who︇ listened to that message survived. Those who ignored that message perished. The message was quite︈ clear. Just as Putin's message was quite clear: a guarantee that Ukraine will never join︉ NATO or my guarantee that I myself will make that happen.
Learn to listen. Then︊ visit your gold.
Then you move your︀ person, not your gold. If you cannot trust having your gold in your home︁ country, why would you trust your government to leave you unmolested during a crisis? It︂ is far more simple to move yourself, than to move your gold. That is why︃ having multiple residencies and citizenships is so important.
Leaving a year too soon is far︄ better than trying to leave a day late. Read the tea leaves. It is a︅ little-known fact that the n**i regime tried everything that it could to force as many︆ Jews as possible to leave n**i Germany. It wanted them gone. All the Jews who︇ listened to that message survived. Those who ignored that message perished. The message was quite︈ clear. Just as Putin's message was quite clear: a guarantee that Ukraine will never join︉ NATO or my guarantee that I myself will make that happen.
Learn to listen. Then︊ visit your gold.
in this kind of situations people mostly react emotional instead of rational.Having family and real estate you love and feel safe makes it very difficult to leave for them.
I learned my lesson in the dotcom bubble to not listen on so called experts to not react emotional but clear rational thinking based on only own conclusions
I learned my lesson in the dotcom bubble to not listen on so called experts to not react emotional but clear rational thinking based on only own conclusions
The only thing that I can possibly say to such a remark is that you are completely clueless. I say that not as an insult, but as a matter of fact. Google is your friend (at least in your case). I am not going to give a broad tutorial, just︀ pose a question: you actually believe that in an age of internet banking and crypto︁ currency that you must transport your own gold -- or even yourself -- to a︂ foreign vault to store precious metals (either segregated or unsegregated)? Century-old Swiss companies have adapted︃ to the computer age.
In fact, if you have enough money you can buy physical︄ gold on the futures market (at least in the U.S.), pay little or no premium︅ (unlike the huge premiums on coins), and have it all transported from a vault in︆ the U.S. to a vault almost anywhere in the world. You can choose either segregated︇ or unsegregated storage. And you don't need to leave your home to do it. If︈ you have less money, you must pay premiums but the process is even easier. You︉ can even have your PMs transferred to a vault in a free zone at an︊ airport.
In fact, if you have enough money you can buy physical︄ gold on the futures market (at least in the U.S.), pay little or no premium︅ (unlike the huge premiums on coins), and have it all transported from a vault in︆ the U.S. to a vault almost anywhere in the world. You can choose either segregated︇ or unsegregated storage. And you don't need to leave your home to do it. If︈ you have less money, you must pay premiums but the process is even easier. You︉ can even have your PMs transferred to a vault in a free zone at an︊ airport.
Everything that I told you was true. No fantasy involved. The only fantasy is your unwillingness to believe what almost everyone in the offshore PM world already knows to be true. I have already told you, there are vaults located all over the world. You can visit them, if you like. Or you can not visit them and simply ship your gold there. Some vaults are open seven days a week, 24-hours a day. Of course, employees and guards must be there. What good is an unguarded vault company?
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