Popular Post Neeranam Posted October 23, 2023 Popular Post Share Posted October 23, 2023 I started a similar topic in Jan 2020, when bitcoin was $30K. It rose rather quickly to $69k. Gold didn't do much. Gold was $1,885. Gold is now much the same and BTC is now much the same. Gold increased about 31%. BTC increased about 130%. What would you buy now? I am going to buy BTC as the halvening is soon and it should rise to over $100k in the next year, especially with Blackrock, ARK, VanEk getting ETFs soon. However, during war, gold does well. I might buy some of that too. Any opinions? 3 1 2 9 Link to comment Share on other sites More sharing options...
Popular Post QuantumQuandry Posted October 23, 2023 Popular Post Share Posted October 23, 2023 Trying to get rich quick on something that could die, tomorrow -> crypto. Owning a real asset that is stable, isn't going away but is boring -> gold. Best of both worlds -> index fund of stocks. 3 8 Link to comment Share on other sites More sharing options...
KannikaP Posted October 23, 2023 Share Posted October 23, 2023 21 minutes ago, Neeranam said: I started a similar topic in Jan 2020, when bitcoin was $30K. It rose rather quickly to $69k. Gold didn't do much. From where did you get the 30k and 69k from please? 1 Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 13 minutes ago, KannikaP said: From where did you get the 30k and 69k from please? https://www.coingecko.com/en/coins/bitcoin 1 1 Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 17 minutes ago, QuantumQuandry said: Trying to get rich quick on something that could die, tomorrow -> crypto. Owning a real asset that is stable, isn't going away but is boring -> gold. Best of both worlds -> index fund of stocks. I've bought both of these assets before and lost money on none. Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so. Bought BTC in 2017 for $2,000 , sold it 10x that and more. Bought BTC at Xmas 2022, about doubled my money since then, 2 Link to comment Share on other sites More sharing options...
KannikaP Posted October 23, 2023 Share Posted October 23, 2023 7 minutes ago, Neeranam said: https://www.coingecko.com/en/coins/bitcoin My Currency app must be totally wrong then? 1 Link to comment Share on other sites More sharing options...
bignok Posted October 23, 2023 Share Posted October 23, 2023 Maybe oil and gold Middle east disaster Some stocks might tumble Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 4 minutes ago, KannikaP said: My Currency app must be totally wrong then? I've no idea, does it really matter? Why not answer the question - what would you but right now? 1 Link to comment Share on other sites More sharing options...
noobexpat Posted October 23, 2023 Share Posted October 23, 2023 3 minutes ago, Neeranam said: I've bought both of these assets before and lost money on none. Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so. Bought BTC in 2017 for $2,000 , sold it 10x that and more. Bought BTC at Xmas 2022, about doubled my money since then, Good for getting some profit, but sounds like bits of play money really. Ok if you're a youngster. Crypto is joke to me and gold is for hedging. Both produce no dividends to reinvest too. Why do i need a hedge when i will invest for +30 yrs, never sell but will only sustainably drawdown. Topped up a global tracker on friday. Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 Just now, bignok said: Maybe oil and gold Middle east disaster Some stocks might tumble interesting, I've not been successful with stocks in the past. Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 Just now, noobexpat said: Good for getting some profit, but sounds like bits of play money really. Ok if you're a youngster. Crypto is joke to me and gold is for hedging. Both produce no dividends to reinvest too. Why do i need a hedge when i will invest for +30 yrs, never sell but will only sustainably drawdown. Topped up a global tracker on friday. Larry Fink thinks differently 2 Link to comment Share on other sites More sharing options...
bignok Posted October 23, 2023 Share Posted October 23, 2023 Kairos Minerals. Small miner. Speculative. In a good area. 2.1c Link to comment Share on other sites More sharing options...
QuantumQuandry Posted October 23, 2023 Share Posted October 23, 2023 9 minutes ago, Neeranam said: I've bought both of these assets before and lost money on none. Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so. Bought BTC in 2017 for $2,000 , sold it 10x that and more. Bought BTC at Xmas 2022, about doubled my money since then, And...? Link to comment Share on other sites More sharing options...
Popular Post FlorC Posted October 23, 2023 Popular Post Share Posted October 23, 2023 For me : Gold. I can hold it in my hand. Just bought the dip 56k euro. 4 Link to comment Share on other sites More sharing options...
noobexpat Posted October 23, 2023 Share Posted October 23, 2023 1 minute ago, Neeranam said: Larry Fink thinks differently Never heard of him. I know warren buffet though. He seems to agree with me ...or maybe i agree with him 555 Link to comment Share on other sites More sharing options...
bignok Posted October 23, 2023 Share Posted October 23, 2023 Galileo Mining 32c. Speculative. Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 Just now, noobexpat said: Never heard of him. I know warren buffet though. He seems to agree with me ...or maybe i agree with him 555 He's boss of Blackrock, a large US company. One of the biggest actually. Link to comment Share on other sites More sharing options...
Popular Post bignok Posted October 23, 2023 Popular Post Share Posted October 23, 2023 6 minutes ago, FlorC said: For me : Gold. I can hold it in my hand. Just bought the dip 56k euro. Can hold penis too 4 Link to comment Share on other sites More sharing options...
Popular Post Neeranam Posted October 23, 2023 Author Popular Post Share Posted October 23, 2023 7 minutes ago, noobexpat said: Never heard of him. I know warren buffet though. He seems to agree with me ...or maybe i agree with him 555 Warren Buffet is a dinosaur and criticized BTC in 2013 when it was $100. Probably the worst investment decision he ever made. 2 2 Link to comment Share on other sites More sharing options...
noobexpat Posted October 23, 2023 Share Posted October 23, 2023 1 minute ago, Neeranam said: He's boss of Blackrock, a large US company. One of the biggest actually. Yes i know blackrock 55 My strategy is building wealth over multiple decades. Your's sounds like quick wins and fads. 7.8% pa over the long term and i'm happy. Which means i quadruple in 20 yrs. 2 Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 Just now, noobexpat said: Yes i know blackrock 55 My strategy is building wealth over multiple decades. Your's sounds like quick wins and fads. 7.8% pa over the long term and i'm happy. Which means i quadruple in 20 yrs. I get 19.2% on my DOT, a top crypto coin. This is in a non-custodial wallet too. If you are not experienced, you can get 18% on some DOT, which is staked in Kraken, a US bank. 1 Link to comment Share on other sites More sharing options...
noobexpat Posted October 23, 2023 Share Posted October 23, 2023 3 minutes ago, Neeranam said: Warren Buffet is a dinosaur and criticized BTC in 2013 when it was $100. Probably the worst investment decision he ever made. How old are you? Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 Just now, noobexpat said: How old are you? 57 Link to comment Share on other sites More sharing options...
noobexpat Posted October 23, 2023 Share Posted October 23, 2023 Just now, Neeranam said: 57 48 here. I'm surprised you are into these crackpot schemes giving crazy % 1 1 Link to comment Share on other sites More sharing options...
mania Posted October 23, 2023 Share Posted October 23, 2023 Gold & Silver 2 Link to comment Share on other sites More sharing options...
Neeranam Posted October 23, 2023 Author Share Posted October 23, 2023 Just now, mania said: Gold & Silver Any reason, they haven't done well against BTC over the last 10 years. Link to comment Share on other sites More sharing options...
bignok Posted October 23, 2023 Share Posted October 23, 2023 3 minutes ago, Neeranam said: Any reason, they haven't done well against BTC over the last 10 years. Old Btc was new Btc is now old New things boom not old investments The past 10 years has zero to do with the next 10 1 Link to comment Share on other sites More sharing options...
Dante99 Posted October 23, 2023 Share Posted October 23, 2023 55 minutes ago, Neeranam said: He's boss of Blackrock, a large US company. One of the biggest actually. You are quite a source of investment wisdom. Buffett and Blackrock?? Link to comment Share on other sites More sharing options...
mania Posted October 23, 2023 Share Posted October 23, 2023 (edited) 1 hour ago, Neeranam said: Any reason, they haven't done well against BTC over the last 10 years. They have done very well for me. I do not just buy & hold but use the G/S ratio For instance I would buy Physical Silver (back up the truck type of buy) when the G/S ratio was 55/1 I then traded it into gold when the ratio was 35/1 which was like buying physical gold for 3-600 bucks/oz when it was already 1200-1600 spot Why? Because I bought silver at 9-12 oz when G/S was 55/1 Then sold most of that load of gold when prices were near 2k I do agree in recent years it has been quite quiet in both PM's but they are in fact doing what they do best & that is provide a hedge against inflation. But if for instance you bought gold back when it was 35-55/1 you could have swapped into Silver when it neared 100/1 (it is now 85/1) Which is building wealth very safely About BTC sorry & yes I see it does very well at times but for me it is vaporware & nothing more than the current tulip mania But if your doing well with it great! Just remember the difference is BTC is in fact just another form of musical chairs. Gold & Silver have been money for 2500 years All else including the USD & every other form of Fiat is just currencies. Which is why the Central Banks all still hold gold Edited October 23, 2023 by mania 1 1 Link to comment Share on other sites More sharing options...
300sd Posted October 23, 2023 Share Posted October 23, 2023 2 hours ago, Neeranam said: Any reason, they haven't done well against BTC over the last 10 years. Gold goes up when people lose confidence in Government. I think that's happening now. 1 Link to comment Share on other sites More sharing options...
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