RE:RE:RE:RE:Bullish call on Gold for 2023
Moogul wrote: Unless the US outright bans Crypto, it ain't going away. And I bet it will continue to March higher over the years and will likely outpace gold imo. Not always, but over the long run.
It could outperform gold over the long run but because of the volatility, investors may actually lose more money in crypto than the less volatile gold price. I.e, investors buying high and selling low due to the volatility.
Call me old fashioned, but I've always preferred something more tangible than crypto. As real interest rates come down; for instance, the Fed pivots, then I believe gold will outperform other asset classes.
Crypto has proven to be a poor inflation hedge and it tends to mirror the performance of the Nasdaq. I would rather own a good quality tech company than cryptocurrencies but this is my personal preference.