2800 USD per ounce

This morning, one ounce (31,10 grams) of pure gold was worth 2800 dollars. That’s the highest amount paid for gold, ever. And with the inflation rates of the recent years and dropping interest rates, that is kind of expected.

And I must admit I like the sight of Gold, it’s like the greenback US Dollar, it has an appeal to it. But still I don’t own much of it. And that has its reasons.

First of all, it’s not safe to have gold in your house, even in a vault. And a vault at the bank costs you money every year.

Second, gold has no return. No interest, or dividends, just the appreciation of its value as a possible return.

Third, Bitcoin is the digital gold, which can be staked or lent out and bring in a decent return and the upside potential of Bitcoin is just way higher than that of gold, especially in the short term!

So, a bit of gold, yes, but a lot more in BTC is my strategy!

Sincerely,

Pele23

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