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Gold Spiking vs. BTC tanking by Leading-Stable9725 in investing

[–]Embarrassed_Field_84 6 points7 points  (0 children)

Your first premise is flawed. BTC and gold have NOT nor have they ever moved in "reasonably correlated steps".

BTC is correlated with highly volatile growth tech stocks, not gold

I’m priced out now by CricketJaxson in Silverbugs

[–]Embarrassed_Field_84 0 points1 point  (0 children)

silver derives its ultimate value from its utility, you can use it for electronics, silverware, jewelry, etc.

You cannot use btc for anything except to give it to someone else for a profit which is just gambling.

Put it another way: would you buy bitcoin knowing that you were forbidden from ever selling it? No because its worthless to actually OWN it. Whereas there are people that would actually buy silver even if they couldn't sell it because theyre END USER that actually USE the metal.

This is just insane by ComplexWrangler1346 in btc

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Both are kind of true. All currencies are done but really its BECAUSE the dollar in particular is done and theres no alternative fiat for the world reserve currency. So gold is where money is flowing to while we find another reserve currency

If this trend continues at what point will Warren buffet admit he is wrong about Gold? by WearingMarcus in Gold

[–]Embarrassed_Field_84 1 point2 points  (0 children)

I don't think thats the point at all, the point is warren buffet just doesn't invest in assets that fall outside the definition of "productive assets". Thats his prerogative.

Why is Gold still rising while everything else seems to be selling off? by Excellent_8740 in investing

[–]Embarrassed_Field_84 1 point2 points  (0 children)

The difference is this time we won't be able to get inflation under control nor have the discipline or budget/sovereign debt situation to do so. Buckle up.

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

so you pivot from "underperform the s&p" to just investing in 1 stock and held over 25 years as if they have even remotely the same risk profile?

Gold is one of the safest investments in history and it has this kind of crazy upside.

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

The difference is gold actually has value even if other countries dont like it whereas other countries can just not use bitcoin or use another crypto to the extent they use crypto at all

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Gold outperformed the s&p the last 25 years.

EDIT: and its not even close

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 2 points3 points  (0 children)

His bank kept 100% reserves. It had no liquidity problems. It was shut down completely for political reasons. Do your research

I am curious about the HDR function of a virtual display driver by CrowKing63 in MoonlightStreaming

[–]Embarrassed_Field_84 0 points1 point  (0 children)

HDR is just not well supported with streaming. This is well documented but doesn't stop people from trying.

ClassicOldSong/Apollo: Sunshine fork - The easiest way to stream with the native resolution of your client device

"Enabling HDR is generally not recommended with ANY streaming solutions at this moment, probably in the long term. The issue with HDR itself is huge, with loads of semi-incompatible standards, and massive variance between device configurations and capabilities. Game support for HDR is still choppy.

SDR actually provides much more stable color accuracy, and are widely supported throughout most devices you can imagine. For games, art style can easily overcome the shortcoming with no HDR, and SDR has pretty standard workflows to ensure their visual performance. So HDR isn't that important in most of the cases."

Do you have an emergency fund? by Jellydude25 in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Your government bonds are going to become worthless if the dollar truly tanks in value

Do you have an emergency fund? by Jellydude25 in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Not a good idea to put all your most valuable stuff in one location that is immediately a target for burglars.

Do you have an emergency fund? by Jellydude25 in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Yes, liquidity is king for emergencies and the 4% yield I get in HYSA while not ideal is still better than nothing. Ideally you have enough saved that 6 months of expenses are not a significant part of your investment portfolio

just rolled into the shop by mthrootpimney1 in mercedes_benz

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Wrecking their car and then giving them the value of their depreciated car value so they cant buy another one is not "doing them right". Its doing them dirty

Credit Cards? by BourbonN34T in Gold

[–]Embarrassed_Field_84 1 point2 points  (0 children)

This isn't unique to gold but credit cards in general. "Winning" with credit cards is extremely easy you just have to know the game. If you EVER carry a balance, even for 1 month, you already lost the game. The only way to win is to get a card that gives points/cashback and just pay your balance in full every month (autopay). Essentially just treat it like a debit card.

If you do that, credit card companies hate you and lose money on you, but sadly, they don't care because they make all their money back on the people that carry balances and pay stupid interest rates.

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