Gold

[Nemo]

worth having some precious metals.  Yes the article is a week old but still relevant.

Nemo

https://www.cnn.com/2022/01/27/investing/gold-bitcoin-stocks-inflation/index.html

Gold is shining again as stocks wobble and cryptos melt down
By Paul R. La Monica, CNN Business

Updated 2:31 PM ET, Thu January 27, 2022

New York (CNN Business)Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year. The price of the yellow metal is roughly unchanged, hovering just below $1,800 an ounce.

Gold prices are up slightly over the past three months as well. So will the commodity's climb pick up steam? Could it head back towards its all-time high above $2,000 during the early stages of the pandemic in the summer of 2020?

Gold is often viewed as a good hedge against rising interest rates and inflation since it should, in theory, hold onto more of its value given that it is a tangible and scarce asset ? unlike paper currencies and cryptos.

The return of market volatility this year, which has hurt meme stocks and bitcoin in particular, could lead to further gains for gold, according to some experts.

"Cryptos stole all the oxygen out of gold last year, and people go into crypto for many of the same reasons as gold," said Robert Minter, director of ETF Investment Strategy at abrdn, noting that bitcoin bulls had argued that cryptos should be a good hedge against inflation.

But this year is proving that's not the case.

"Investors are starting to realize bitcoin is more of a risky asset. It's less of a portfolio diversification tool and more of an energy drink," Minter said, referring to the big highs and equally epic pullbacks for crypto prices compared to far more stable moves in gold.

Gold is likely to remain a better bet for investors looking for protection from interest rate hikes as the Fed fights surging consumer prices.

"There is a lot of inflation hedging. Gold and gold miners have held up well," said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. "They could rally due to concerns about inflation. Gold should be a part of a diversified portfolio."
Top miners Newmont (NEM) and Barrick Gold (GOLD) are flat this year, moving pretty much in line with the price of gold. That's a lot better than the 9% drop in the S&P 500 and more than 20% plunge in bitcoin.
Some experts think gold will even pick up steam and top a new record high later this year, especially if concerns about rising interest rates globally persist and worries about what will happen to oil prices if Russia and Ukraine tensions don't abate.

"Gold remains a safe haven and an insurance against geopolitical risks, and the risk of persistently high inflation is also positive for gold," Andr? Christl, CEO of Heraeus Precious Metals, said in a report.
Christi argues that gold could climb to about $2,120 an ounce later this year, topping its all-time high of around $2,072 from August 2020.

[Deathstyle]

So this is the year to go into crypto to make profit next ur which in turn should be invested in precious metals when their price dips again.

[JohnyMac]

The US Treasury is turning up the volume on going crypto. If they do it will for all intents and purposes be the new coin of the realm hence digital currency. 

I met a lady back in November who cashed in her crypto and made $130,000.00 on her sale. I asked her how much she paid on taxes and she said, "nothing". I asked her how that worked and she said her money was sitting in a "crypto wallet" and she buys things from companies that accept crypto currency. Interesting. 

[pkveazey]

I've been hearing about CRYPTO since the beginning. The concept has always seemed valid but I have stayed away because it is intangible. The notion that the Government can and will be kept out of it makes it a bit attractive but I've stood over in the corner and watched what has happened and I certainly noticed when the Government said that it was going to get involved and regulate it. Well, that pretty much made up my mind for me. I'm sticking with PM and wishing the CRYPTO folks the best of luck. I do know of a few people who got in early, and I do mean early, and made a killing. Then they dumped all of it into Physical PM. They are now sitting on a mountain of money and nobody even knows about it. I guess that I see CRYPTO like a really pretty multicolored snake. Hmmm..... Should I touch it or not? If I touch it I might get bit. OK, I'll just stand over here and see if somebody else gets bit. Right now, I have no idea what the best strategy is. Do you hold CASH, PM, CRYPTO, UNDEVELOPED REAL ESTATE? Massive inflation could wipe out the buying power of CASH, Government involvement into CRYPTO could make it worthless, PM seems safest but if you have a lot of it, where do you keep it? Undeveloped real estate looks good unless hyper inflation causes the Real Estate Tax Load to become unpayable. I personally think I can survive but I do not think that I can Win.