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If so, assets such as global equities, quality residential real estate, precious metals, industrial commodities, and alternatives such as Bitcoin, are likely to
by kqr2 6y ago
If so, assets such as global equities, quality residential real estate, precious metals, industrial commodities, and alternatives such as Bitcoin, are likely to do well.
Do you plan on shifting your investment strategy?
- silexia 6y agoI don't like Bitcoin and I disagree with Alden on that in investment. I am also not a fan of precious metals. I currently have the majority of my portfolio in stocks in Australia, Sweden, Japan, Switzerland; in residential real estate, and in puts on overvalued tech stocks and TLT.
- raziel2701 6y agoYou're shorting TLT? The Fed is on the other side of that bet, I dare not go against the Fed.
- silexia 6y agoYeah, that position was the mistake I mentioned in my first post. The bias ask spread is so large that it it painful to exit it though. And the Fed may be forced to back off if inflation kicks up further, we will see.
- ekam 6y agoWhat’s wrong with Bitcoin?
- silexia 6y agoIf legislation came against it, it would have it's value damaged. No one seems to use it for actual transactions. It uses enormous amounts of electricity.
- HexagonalKitten 6y agoAnd a vast majority of BTC is owned by the Bitfinex criminals who created Tether. You can't win against the bank and in this case the bank is the Ponzi schemers themselves.
- moralsupply 6y ago> It uses enormous amounts of electricity. Consider that the "proof of work" of fiat currencies is taxation + inflation (which wipes 1/2 of all your productivity), and you'll quickly realize that Bitcoin's PoW is considerably more efficient. Also, Gold, Silver and other precious metals are more expensive to mine than Bitcoin, when measured on a store of value basis.