Posted on Dec 28, 2022
Mark Cuban wants to buy more bitcoin, says gold investors are 'dumb'
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Opinion of Dallas Mavericks owner on commodities investing...
Mark Cuban wants to buy more bitcoin, says gold investors are 'dumb'
Posted from cnbc.com
Bitcoin
Gold
Dallas
Celebrities
Posted 2 y ago
Responses: 2
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I never understood the lure of rare metals as an investment. Because if you own stock in a safe company doesn't the value of the assets of that company also inflate naturally in sync with the price of Gold over time, and in addition don't you also have the performance premuim added to the inflationary rise. Rare metals you only get inflationary rise plus any demand effects, so in my view you have to be good at timing the market to cash in with precious metals and beat stocks. Also precious metals cannot be traded in bulk as convienently as stocks and I believe they need a special market.......the largest of which is in Europe not the United States. Which is another turn off for me.
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CPT Lawrence Cable
What's a safe company anymore? The once flagship of "safe" investments, Apple and Microsoft, are both down close to 30%. In a market that has been constantly feed money into the top since 2008, the rise of derivative trading, and price manipulated by stock buybacks, even the value of blue chips are probably overvalued. I don't even want to guess how much.
Even the Real Estate Market was still being driven by cheap money that allowed buyers to purchase houses that would have normally been beyond their range. Now that market has been hit with higher interest rates, inflation, and a job/wage scale that hasn't followed the increase in home prices and it's taking a dump, especially in those peak markets like California.
Even the Real Estate Market was still being driven by cheap money that allowed buyers to purchase houses that would have normally been beyond their range. Now that market has been hit with higher interest rates, inflation, and a job/wage scale that hasn't followed the increase in home prices and it's taking a dump, especially in those peak markets like California.
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The big difference is that bitcoin is a floating currency that isn't even backed by a governments ability to tax its citizens until hell freezes over. I am not personally a Gold freak, but with any real commodity, they will always maintain some value. FTX made it pretty clear that digital currencies can disappear as soon as someone loses faith in them.
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