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Georgia

no_hypocrisy

(54,526 posts)

1. I dunno.

Reply to mahatmakanejeeves (Original post)

Fri Jan 30, 2026, 06:46 AM

Friday

I see gold/silver/platinum as the prototype for Crypto and Bitcoin.

Sure, their values are going up, but they're also changing minute-by-minute.

You can't go to the bank with it and get federal currency/legal tender.

When you do exchange it, you have to report it to the IRS and pay taxes on it.

Plus, are you going to save up and spend $ 5,500+ per Troy Ounce on gold? It's not like stocks where you hold it, then sell it for a guaranteed profit.

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Want to protect yourself from inflation? Just buy gold, GA bill says [View all] mahatmakanejeeves Friday OP

I dunno. no_hypocrisy Friday #1

"It's not like stocks where you hold it, then sell it for a guaranteed profit." mahatmakanejeeves Friday #2

Interestingly, American Gold Eagles wouldn't meet their proposed 99.5% purity requirement. sl8 Friday #3

Just remember it is a gamble and can and will go up and down. multigraincracker Friday #4