We all heard the Peter Schiffs and Robert Kiyosakis of the world espousing how hyperinflation is going to cause gold to skyrocket. Of course, they were saying this in spite of the fact that the 10 year return on gold is ZERO.
In this video I discuss how Kiyosaki claims to have invested in gold since the early 1960s. That is admitting that he got awful returns for nearly 60 years. Of course, he talks about the returns on Bitcoin since they are outstanding. Yet never is it mentioned about gold.
The reality is that outside of a hedge, gold does not provide a good return. Schiff, in 2011, claimed that gold was going to $5,000 and said people should avoid the stock market. Since that time, equities went onto the largest bull run in its history while gold is flat.
▶️ 3Speak
Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 260000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
that was my upvote that made that achievement possible :)
Posted Using LeoFinance Beta
Peter Schiff is just old school and is happy with Storing his "wealth" and hedging against inflation of the $USD as opposed to a Cryptocurrency that is has multiple use cases for multiple streams of income, utility and growth in value against $USD
Posted Using LeoFinance Beta
Personally I don't have any gold or silver coins but I honestly wouldn't mind having some. It would be nice to look at and it would be fine as a hedge. However I probably wouldn't buy much and I much prefer selling some options on gold/silver mining companies and collecting the premium. Of course sometimes they sell and other times they don't but it should cover at least some part of the value even if it goes sideways.
Posted Using LeoFinance Beta