I also wouldn't sell gold to buy bitcoin, although bitcoin is showing higher returns, the risk is not low either. In case there is no money to invest, I think people should find work to generate more income instead of thinking of selling gold to invest. If we can sell gold, then one day we can sell other assets.

I wholeheartedly agree with other people here saying, that it isn't a wise decision to sell your wife's belonging just to invest. We know how much volatile bitcoin can be, and although her property is considered yours too by law, it's not enough reason to sell an investment for another investment. I also have few friends' way back 2020-2021 who planned to sell their properties to invest in crypto (that time axie is very popular), and so I told them to make their own research first and if they don't understand something they can ask me or just google it away. That time also they are being tempted with their emotions. After several days of research and asking bunch of questions, they have decided to sell their property to invest in another NFT game (I forgot the name but it's something similar to axie), but I told them if they are really sure about their decision, and since they are still hesitating, it's enough answer for me that they are not yet ready to gamble. I may be not a financial adviser, but I advised them to just wait and don't let their emotions run through them, and if they have more questions, they'll have to seek professional counsel not me once they've decided. In the end the new project failed, and they didn't lose either their property or their money. The lesson is not to rush things if you are undecided and if ever the same thing comes into the future, it would be much better to earn a separate money to use for another investment.

I hadn't visited this section for a while and now I found this interesting thread. Well mate @LDL, I didn't check the replies on page 2-6, but I hope you did explain its risk as well to your wife. Sometimes, shifting to other investment is not a bad idea to get more profit. But, it's much wiser to have two or more investment assets instead for jumping on one only, let's say 60% for gold and the rest for bitcoin.



Well I dont think that's hot money though, as I believe their gold is not for their daily life, but the saving for their future. But yeah like what I stated above, asset diversification is important.

I also speculate that too. In fact, I aim at $120k – $150k. From past data, every new ATH after halving has given us more than double of the ATH it's replacing. Bitcoin's current ATH stands at $68k+. We understand what a double of that means.

Since she gave her consent, you're in the clear. Though I hope she doesn't have a change of mind before 2024 to reap the outcome of such an investment. It's a matter a patience to achieve result. For me, I expect the new ATH to come in 2025, not in 2024

Currently the price of gold is very high but the price of bitcoin is very low in comparison so since you decided to sell your wife's gold and buy bitcoin during the peak of gold price, this decision is undoubtedly the best one. But there will definitely be some risk here. Because your wife's jewelry is a very precious thing to you, it will be very bad for you if you cannot return this jewelry to her. And Bitcoin is not always going to grow. But good luck to you

OP if you can take risk you will definitely see success. The decision you made doesn't seem to be a bad one at all. We know Bitcoin will halve in 2024 and Bitcoin price is likely to go from $100,000 to $200,000 by 2024-2025. If so, you may be at high risk. Never worry about your profit or loss after investing. Remember you must wait until 2024.

First time I am hearing about such a strategy, are you sure your marriage is going to survive that? We have some jewelry in our family from my great great parents that nobody is wearing. I would never consider selling it though. Its not only the material that is valuable, but also the sentimental value behind. Investing in bitcoins is not a guarantee to make quick short-term profits. It could take another year for the next halving to happen before prices really start to rise again. Just make sure that your wife knows that, it's her jewels and she might feel that she should get the profit you make. Why not try and save every month some money and invest that in bitcoins? Also keeping at least some gold in form of jewelry at home is fine in my opinion. If you don't need the money right now then better to hold some. In case things get really bad you could always exchange gold for some cash rather quickly.

Hope she realy would not mind about it. You have to invest only those things which you would not regret about

It’s always good to keep some gold on hand. It’s really great to have both Gold and Bitcoin. As long as your wife is okay with this I say go for it 😂 Bitcoin will pass 100k in a few years I really do think so. I think it’s a good idea to get more BTC always.

Practically Bitcoin is more valuable that Gold and it can be  able to give you a huge return after the Bitcoin halving. And that's why I think it makes sense to sell jewelry to invest in Bitcoin because of its high volatility return.