Stocks, bonds and cryptocurrencies have all seen big falls this year. But gold remains at its one-year average. It may be dull, but it’s doing what it’s supposed to do, says Dominic Frisby. Preserving its value – and your capital.
Brinks appear as part of the ecosystem... couldn’t say much more than that. For me the advantage is as Dominic says, a refuge from crypto, i can be out of BTC and into gold in seconds...
Uganda says exploration results show it has 31 mln tonnes of gold ore , what do you make of this ?
Hold Gold, I say. (And HODL Bitcoin too!)
What do you think of gold backed crypto coins such as Pax Gold PAXG? These offer the exchange of your crypto coins into physical gold, just like money used to! There’s a British one called AURUS which does other precious metals too but the exchange they use has very low liquidity so acquiring some at the right price could be tricky. AURUS also offers exchange for physical gold. It’s just an app on your phone, I thought it was quite a nice way for the small investor to buy gold. I wondered what your thoughts were on this?