Afternoon everyone…..
I have what I believe to be a very interesting question for all of you today.
I was on a Zoom call with a bunch of my friends yesterday and we were talking about many things. During the conversation one of my friends said that he finally hit his goal of 100 physical ounce of gold. We all congratulated him. Then one of my other friends said good, now sell it all and buy some Bitcoin.
So….
We ended up going down a rabbit hole with this. In which I came up with this question to all of them after the dust started to settle.
If you could have $100,000 in one of these, which would you choose???
The choices are gold, silver or Bitcoin.
There was one condition. You couldn’t sell or trade it away for the next ten years. You must hold it in its original purchase for the entire ten years.
There were many varying answers and it also posed a few more questions. But I won’t drag out this post with that.
But what I would like to know is…,,
Which would you choose and why?
I will do a follow up on this post after I read your answers.
That's awesome for your friend!
Safe choice is gold, but I think I'd pick Bitcoin as I've literally sold gold and silver to stack more digital last year.
Founding member of the silverunstackers community.. 😆
Most of my stack since the steem-it days has come from flipping back and forth with crypto, and I foolishly sold 3 BTC once to make a down-payment on a house with my ex-wife.
I sold 50 ETH at $200 for the same reason..
#DOH
I’m going to track it. But I think silver will actually be the best bet.
That's a tough one. I think I would lean towards gold if there was that ten year lock down on it.
Not a bad choice at all. I personally chose silver. I think it has the most upside. Plus at the time we discussed it you wouldn’t even get a full Bitcoin.
Yeah, good point.
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I imagine gold is what I'd go with.
Nice choice
BTC.. it's for the biggest potential for change in 10 years.. up or down fuck it let's gamble where the stakes matter..
I made a note in my calendar ten years from Saturday when we discussed it. I put all 3 prices in the calendar. I’m interested to see what wins. But my guess is silver.
Why would you possibly believe that? I remember silver being $7 and gold being $350... back in the 80s roughly 500% in 40 years.. I don't think that's very good? Am I wrong?
So with your numbers. Well say 10% a decade. You think Bitcoin hits 1 million dollars? I highly doubt that. And if so half of the world will be millionaires. Not happening unless fiat is worthless by then.
Given the ten-year hold condition and my willingness to take on risk for potentially higher rewards, I'd likely choose Gold and Bitcoin. Bitcoin could be a rollercoaster ride, but that's part of the excitement, right?
By combining both Bitcoin and gold, I'll be leveraging the unique strengths of each asset. Gold has been a trusted store of value for centuries. It's often seen as a "safe haven" during times of economic turmoil. This means it can add a layer of security and stability to my investment portfolio. While Bitcoin is more volatile, it has shown incredible growth over the past decade. It's a leading cryptocurrency and has potential benefits from technological advancements and increased adoption. It could significantly increase in value over the next ten years. By splitting my investment, I'm not putting all my eggs in one basket. The gold can help cushion any major drops in the value of Bitcoin, while Bitcoin allows for the possibility of high returns that gold may not provide. Overall, this diversified approach could provide a balanced mix of security and growth potential. So, if I'm okay with some calculated risk for the possibility of high reward, this strategy could be a winning combination.
!LADY
!BBHThat's a fascinating thought experiment, @silvee510! Let us see... let me think... Thank you for the exercise, @silverd510
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You can’t choose both it’s only one choice. So you’d take gold alone or Bitcoin alone.
Tough choice between silver over gold. I’ll take silver. The ratio has to adjust back lower at some point. I like btc, it is just not my favourite asset at the moment.
That’s what I chose as well….
IF that were a fresh $100,000 cash without me selling my stacks it would be BTC of which I already have 20% of a BTC already, so another 80% is what I'd do.
!PIMP
I don’t personally think that’s the right choice. But that’s why the question was asked. I personal think silver has the highest upside. I put it in my calendar for ten years from now with the current prices.
That's why I qualified my answer; as long as I don't need to sell my silver stack to buy the Bitcoin
If I must sacrifice my silver, or gold, for BTC then it would be NO DEAL.
I'd roll the dice on Bitcoin. Not an easy question to answer though, took me a bit of thinking it over and I almost said gold but if someone is just handing me $100k worth of one of those three I'd take Bitcoin.
Gold is the smartest and safest choice.
Sure Bitcoin could still moon, but it could still crash.
Gold would never stop being money...