ARE YOU A FAN OF GOLD?
Right from the start I am telling you I do answer this question to the negative. I like to listen and be part of the conversation and grab what fits my profile. I do not own gold to start and I know better to respect everyone owning gold. Actually let me retract a little bit. I do own jewelry made out of gold. It is something like a melting pot thinking owning gold has to be a gold bar. Gold is all around us. You probably owning gold and not knowing you do. Many do not see gold as an investment unless you purchase it as such. Gold could be like an ornament.
So far we have available by 2021, 205,238 tones of #gold. Hard to put an exact number cause we lost it and recover it and use it everyday. Now the value of all the gold in US dollar is at around or more than $15 trillion. Just thinking of cryptocurrency almost hit the $3 trillion valuation not long ago. Just a thought. I was listening to Warren Buffet not giving gold is fair value. He did not trash it but he sees that gold does not bring any dividend on the table. He prefers to own 100 acres of land instead of gold.
Further down the line I heard #mark Cuban doing a similar context with #gold. The differences between both billionaire one likes his investments that procure great dividend while the other one is a crypto savvy. Now while you listen to both you can easily make judgement as what is important to do with #gold. I must say if you find refuge in holding #gold, do so with the best of your knowledge.
I read recently a guy stated it is more profitable to mine #dogecoin then #btc. The profit margin stands to reward a lot better in the name of the meme. So you will hear, listen, read a lot lately, this is a great thing to do cause it will help you to make guided decision about your needs. We are moving so fast into the technology world where availability and speed concur where many will flock. In the next 10 years cryptocurrency could reach $20 trillion market valuation. Where will you be when this is happening? Hard to miss something you know too well unless you pay little attention to the trend.
It is a big business to do exchange of funds. Crypto is no exception. Crypto was design to do it better. I do not think #gold can be part of this conversation. As a store of value I lay my hat for gold to an extent. It will always prove to be the shiny metal that give the appearance. When you think of everyday people, crypto will grow and take over the world.
Many are taking #leofinance, Hive for granted, not too long ago Leo was trading around 4 cents and now it is at 6 cents. There is a determining factor where the accessibility for crypto to grow is limitless.
The growth for #gold has boundaries. It does not stop it for being shiny. That is how far it will get from what I see. The best argument for everyone, own everything you can.
Do not let me or anyone dictate what you can own.
Make sure you earn dividend, profit and grow out of it.
This is why I keep it simple all the time. Hive stands in the intersection of all crypto. It is an application that keep moving with the need of the holders. Even if Hive is inflationary, it tends to defeat that prospectus by allowing us to hold instead #hbd. Now holding HBD comes with perks like 20% and you can play with the system to exchange for more Hive when there is a price discrepancy in between.
lately January is putting out signal that can show the bull is open his eyes. I am waiting to see if this year is for real for crypto. As long you plan your focus, the direction crypto takes everyday can be something that can change the world. I see the community is focus. They see opportunity. Hope you see it too.
Posted Using LeoFinance Beta
