Bought gold

I’ve been long BTC since 2021, started my DCA adventure at $100 a week, and have been HODLing ever since although I have branched out a bit, bought a few shit coins as a lark, and I’m basically 50/50 BTC/ETH (I believe both have their merits)

But, I’m now seeing a lot of YouTube videos and have seen the recent (last 12 months) influx of major capital into gold.

The “hypothesis” is that the now 38 trillion US debt and the now 600 trillion derivatives market are at serious bubbles, along with the stock and bond markets, and real estate.

If this is true, my belief is that gold (and BTC) will likely be good places to hedge.

Like, if this all collapses it’s going to make 2008 look like a spring picnic.

So, I’m a small fry, but decided to sell $1500 each of BTC and ETH and swap it for GLD shares. Ya, I know, I’m literally buying the tippy, tippy, top for gold, but if the US debases like they did in 1933, $20,000 gold and $1,000,000 BTC isn’t impossible. I probably should have bought options but I don’t like the time value decay of those.

Thoughts?

submitted by /u/malacosa to r/btc
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Quelle: bitcoin-en