I’ve done several short threads on gold, including the
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➊ Physical Gold (coins, bars, etc.)
➋ ETFs that match the spot price of gold.
➌ Own shares of Mining Companies (my favorite)
But NOW, there’s a 4th way! AND it involves crypto
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Rückhand Zeigefinger nach unten (heller Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (heller Hautton)">
➊ Physical Gold (coins, bars, etc.)
➋ ETFs that match the spot price of gold.
➌ Own shares of Mining Companies (my favorite)
But NOW, there’s a 4th way! AND it involves crypto
➍ You can invest in PAXG — a crypto currency that tracks the price of gold.
Backed by physical gold bars stored in London.
And the best part, because it’s crypto, there is a way to benefit from owning gold AND earn interest on it (make gold pay dividends)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Rückhand Zeigefinger nach unten (heller Hautton)" aria-label="Emoji: Rückhand Zeigefinger nach unten (heller Hautton)">
Backed by physical gold bars stored in London.
And the best part, because it’s crypto, there is a way to benefit from owning gold AND earn interest on it (make gold pay dividends)
You can store your PAXG in @TheRealBlockFi — which will pay you up to 4% interest to hold it on your account.
So you get the benefit of holding gold as a hedge against inflation, AND earn 4% annually.
Sign up for BlockFi thru my affiliate link: https://blockfi.com/?ref=65877fe4 ">https://blockfi.com/...
So you get the benefit of holding gold as a hedge against inflation, AND earn 4% annually.
Sign up for BlockFi thru my affiliate link: https://blockfi.com/?ref=65877fe4 ">https://blockfi.com/...