you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Excellent, though I'd still argue that gold is a better investment: https://www.cnbc.com/2022/01/28/paul-krugman-says-crypto-has-disturbing-parallels-with-subprime.html

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I see - it's perhaps not a good time to buy gold - though as you see in the chart, and in older charts, its value has a way of bouncing back, and it's more reliable than crypto

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

If you bought $1000 in gold Feb 2013 it's worth roughly the same dollar amount with $200 less in buying power today. That's a terrible investment.

it's more reliable than crypto

Crypto is wild speculation, that's high risk / high potential reward. Everyone was told that getting in, but you don't really appreciate it until you're in the land of red candles.

Nobody should be putting all their eggs into the crypto basket anyways.