Unless you are storing it at home buying gold is akin to a scam token. You don't really know if there is a physical side to it or if it only exists on paper.
It's rather meaningless when you are tied to a certain institution that is "holding" it (or should be holding it) on your behalf.
You pay annual storage fees for something that might not even exist in the correct amounts.
No one under the age of 35 cares about gold. They care more about the next iPhone.
This says enough surely.In the digital age, gold is now merely a generational thing that will probably die off as an investment opportunity over the next 50-100 years.
It says to buy gold.
Younger generations have gone full retard. Proof: Someone out there thinks that the highlighted portion is a good argument.
People over the age of 35 remember that once upon a time, hippies proclaimed, Never trust anyone over the age of 30. They smoked dope and screwed around (literally) as the world burned. Then, they grew up and built the world in which we now live. They inherited bad from their parents, and they made it worse.
But dont worry: That argument will come back to bite you. The shitcoiner who called me a Bitcoin maxi cunt a few weeks ago alleged that Bitcoin is not futurist.
Relatively few people under the age of 35 care about Bitcoin. Moon-eyed youngsters care more about the next iPhone, and about passive income from stake rewards and yield farming, and about Bored Ape NFTs. Bitcoin uses too much energy, and it gives no DPOS rewards. They grew up on Twitter and Youtube, and they learned their masterful investing skills from crypto influencers.
People over the age of 35 have a very clear memory of 2008. Most people over the age of 35 lost significant money in that financial meltdown. The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.
As a separate issue, Jay and others entirely misunderstood what I said about gold earlier. It was not about gold: It was about Bitcoin. The above is about goldand also about Bitcoin.
Sure, you can find many deluded people in any age group. The point is the zoomed out trend, not several people falling for some screaming Youtuber and his scam.
The future is mobile and many forces have continued to make it that way, even the ones who want you to use fiat.
Soon your bank will not have a single physical walk in branch left, so your assets are all virtual. There are no safety deposit boxes you can visit and no bank safes.
What then is the point of gold and fiat itself? You cannot see it, you cannot smell, the storage is "supposed to be" somewhere off limits.
The solution surely is the digital asset itself. Not a representation of a physical one.
That is where Bitcoin comes on. Everything else is just a dumb transition from the old world to the new one that isn't necessary.
Another good investment is probably property but again many forces out there are trying to control individuals from owning multiples.
(Increased taxes not allowed to own properties as an outsider in certain location scummy people living in your property etc)
For me it's not worth the hassle.
