Holding crypto in Ltd Company?

[woody1]

I am not talking about teenage youtubers, but serious people that have been around for a while, Rick Rule, Adam Tagart, Luke Gromen, Lyn Alden, Thomas Atkinson, Brien Lundin and plenty more people that have been interviewed by these people.

Some of these, and other gold bugs, have been talking up gold for well over a decade; every year predicting that a bull market is just around the corner. Until a couple of years ago, this was a terrible losing trade compared to the US stock bull market.

I stopped listening to anyone a long time ago. The only thing that matters is price; what the markets are actually doing, what's printed on the chart.

[willendure]

Some of these, and other gold bugs, have been talking up gold for well over a decade; every year predicting that a bull market is just around the corner. Until a couple of years ago, this was a terrible losing trade compared to the US stock bull market.

I stopped listening to anyone a long time ago. The only thing that matters is price; what the markets are actually doing, what's printed on the chart.

Yes, the gold bugs certainly have, but most of those names are not gold bugs, only really Rick Rule and Brien Lunden out of that list. I find both have interesting things to say. I certainly did not blindly invest based on a few comments by a gold bug or two.

In my case I wanted to invest some savings, but I don't have enough money to justify paying for high quality independant financial advice, and I know the free financial advice you get from your bank or whoever is really about them selling you their products, and also I like to understand things anway. So I spent a lot of time watching the better quality content on youtube as well as reading plenty of books. I do think it is worth listening to other people, but you need to listen to a lot of other people to develop a well rounded view of things and get closer to the truth.

Learning by your own actions is essential too. But at the same time you can burn a lot of money making mistakes and only performing incomplete and non-repeatable experiments from which the learning is either limited or painful. So I like to listen to what a lot of succesful investors have to say and hope to pick some of it up myself that way too.

Price? By itself it does not matter. For example, gold and silver are both at their highest prices ever. Price alone says you should sell, since its buy low, sell high, right? The real question is, does the price keep moving up and why and how confident are you that it will?

Also what is the implication of that price? Just buy gold and be done with it? But if a junior miner has an AISC of $1.8K and gold is $2K, thats $200/ounce profit. As price moves up the profit explodes. It also capitalizes the miner and enables them to secure funding to develop their mines much more easily, so as price increases risk decreases to a certain extent.

All stories of course, and there is a danger in placing too much faith in stories that cannot be completely verified. But I do find that understanding things more deeply is what is working for me, and enabled me to get in when others were not seeing it yet.

[woody1]

Price? By itself it does not matter. For example, gold and silver are both at their highest prices ever. Price alone says you should sell, since its buy low, sell high, right? The real question is, does the price keep moving up and why and how confident are you that it will?

Sorry I meant price in the trading sense, as in what it's doing. Going up, going down. Bull market, bear market.

Anyway FWIW, arguably silver isn't high. It achieved the same price back in 2011 and all the way back in 1980. Adjusted for inflation, it hasn't even matched those bull market highs (2nd chart).

https://www.macrotrends.net/1470/his...100-year-chart

[willendure]

Sorry I meant price in the trading sense, as in what it's doing. Going up, going down. Bull market, bear market.

Anyway FWIW, arguably silver isn't high. It achieved the same price back in 2011 and all the way back in 1980. Adjusted for inflation, it hasn't even matched those bull market highs (2nd chart).

https://www.macrotrends.net/1470/his...100-year-chart

I agree. Tends to lag gold too, I think it still has plenty to run.

Been in VZLA silver miner too, and that has been going gang busters.

[sadkingbilly]

Pssssst!
wanna buy some magic beans??

[willendure]

Pssssst!
wanna buy some magic beans??

Sure. How many have you got?

[willendure]

Bitcoin shinanigans on Friday:

https://www.youtube.com/watch?v=23ddxotpMZM&t=623s

tldr; there was massive shorting of BTC right before Trumps tweet on new China tarrifs, on new accounts opened and funded with $80m around 28 hours prior to the tweet.

Some trader was found dead in is Lambo also - which of course, must mean we are at peak crypto.

[woody1]

Some trader was found dead in is Lambo

He was one of several traders whose 7-figure accounts were wiped out. They were trading leveraged crypto derivatives on margin.

[willendure]

They were trading leveraged crypto derivatives on margin.

[fiisch]

Bitcoin shinanigans on Friday:

https://www.youtube.com/watch?v=23ddxotpMZM&t=623s

tldr; there was massive shorting of BTC right before Trumps tweet on new China tarrifs, on new accounts opened and funded with $80m around 28 hours prior to the tweet.

Some trader was found dead in is Lambo also - which of course, must mean we are at peak crypto.

"Galich was also known for his luxurious lifestyle, owning high-end cars like a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB, and a 2012 Mercedes-Benz 220 CDI."

Damn, what a baller....

Interesting thread - personally, I think trying to time the noise is a fools' errand. We've been due a crash for years, Robert Kiyosaki has predicted 47 of the last 2 financial crashes. Dollar cost averaging is the key.

Interesting in that since this post was first made, magic beans and Ponzi scheme jibes aside, BTC has again doubled in value. I was also a crypto sceptic, but as a devout ETF investor I've had to accept it makes sense to have a small % of assets in crypto.

Is there any logic/sense in investing inside the ltd co, or is this firmly an investment to be made personally once funds have been extracted from ltd co?