Crypto currency (IF banned from CA)

[Efcjake]

it's pretty much legal everywhere...

And still isn't being used as a currency

 

[DuuuncanHadaPigeon]

And still isn't being used as a currency

and never will be in any meaningful sense

 

[LinekersLegs]

Young people just don't want to invest in gold,once the boomers depart bitcoin will catch up with gold's market cap.
Crypto is the future,safe haven or not the volatility is the down side to the big gains!

I don’t think most people are quite as dogmatic about their investments, most appesr happy to invest in anything they think will gain in value, or which will protect existing value, and that seems quite susceptible to wims and fashion.

Having seen young people go ape over a cinema chain, a very boomer thing, it seems a tad rash to claim that no-one currently under 60 will ever be interested in investing in gold either for potential price increases or as a safe haven.

 

[nikom court]

I don’t think most people are quite as dogmatic about their investments, most appesr happy to invest in anything they think will gain in value, or which will protect existing value, and that seems quite susceptible to wims and fashion.

Having seen young people go ape over a cinema chain, a very boomer thing, it seems a tad rash to claim that no-one currently under 60 will ever be interested in investing in gold either for potential price increases or as a safe haven.

is there anybody (young or old) apart from peter schiff out there that thinks they could make more money investing in gold rather than crypto!
it went up 60 bucks yesterday to big fanfare and claims of a safe haven then fell back down again
even young people in gold strongholds like india are turning their backs on gold!

 

[LinekersLegs]

is there anybody (young or old) apart from peter schiff out there that thinks they could make more money investing in gold rather than crypto!
it went up 60 bucks yesterday to big fanfare and claims of a safe haven then fell back down again
even young people in gold strongholds like india are turning their backs on gold!

The average daily volume of GLD alone is 10 million shares so presumably there are more than Peter Schiff!

SPDR Gold Shares (GLD) Stock Price, News, Quote & History - Yahoo Finance

Find the latest SPDR Gold Shares (GLD) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

 

[nikom court]

The average daily volume of GLD alone is 10 million shares so presumably there are more than Peter Schiff!

SPDR Gold Shares (GLD) Stock Price, News, Quote & History - Yahoo Finance

Find the latest SPDR Gold Shares (GLD) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

the young investors i talk to would rather buy dogecoin or shiba inu than a gold etf with poor returns,
they arent interested in safe havens,they want big risk for big returns.
even without taking into account rampant inflation gold is a poor investment,
but each to their own,good luck with it!

 

[DuuuncanHadaPigeon]

the young investors i talk to would rather buy dogecoin or shiba inu than a gold etf with poor returns,
they arent interested in safe havens,they want big risk for big returns.
even without taking into account rampant inflation gold is a poor investment,
but each to their own,good luck with it!

buying doge and shiba is not investing, it is gambling

 

[Efcjake]

buying doge and shiba is not investing, it is gambling

Well all investments are a gamble tbf.

Crypto is just riskier than others due to the volatility and lack of inherent value.

 

[Efcjake]

the young investors i talk to would rather buy dogecoin or shiba inu than a gold etf with poor returns,
they arent interested in safe havens,they want big risk for big returns.
even without taking into account rampant inflation gold is a poor investment,
but each to their own,good luck with it!

Isn't that investing philosophy typical of younger people?

They have less to play with and a much longer earning potential than older folk who's working years are drying up.

 

[DuuuncanHadaPigeon]

Well all investments are a gamble tbf.

Crypto is just riskier than others due to the volatility and lack of inherent value.

True, but specifically for doge and shiba I would say they are pure gamble

 

[Efcjake]

True, but specifically for doge and shiba I would say they are pure gamble

I think that about the entire thing pal.

 

[nikom court]

 

[LinekersLegs]

 

[nikom court]

 

[LinekersLegs]