Until recently I have owned physical gold. As I got more into monero I bought less gold, and then I began buying more tokenized gold like $KAU, PAXG, and XAUT. Lot's more risk, but very convenient, portable and cheaper to secure. I've also considered buying tokenized platinum and palladium on Solana. The recent AI and Quantum risk has me thinking that yes - monero is cool but it has the same fundamental risk as tether issued tokenized gold or stock on solana or gold certificate on a stock exchange and actually maybe I need to rebalance and put more assets outside blockchain and tradfi intermediaries. If AI breaks bitcoin blockchain every asset will toilet and it won’t regain value quickly or ever. So as good as monero is it could be completely robust and still significantly impacted. And I’m starting to return to my original thinking. At the end of the day it always comes back to land, gold, girls and guns. Plus I always liked gold because I guess I'm a pirate actually.
pull down to refresh
Yeah, gold still has a place no matter what anyone says because it's the longest lasting store of monetary value ever. Gold always has some value and if you do it right has no counterparty risk. Currencies all fail eventually, but gold doesn't. Crypto fundamentally has more risk than gold simply because it relies on the secure operation of a computer network. I obviously love monero and would love for that to not be the case, but unfortunately it is. I think gold and/or silver should always have a place in a portfolio, the question is "How much?"
25% hard currencies (includes monero)
25% bonds
25% gold silver metals
25% stock
1 time every year (1 April) rebalance by selling over value back to 25% and buy underperforming back to 25% and you get 16% pa return. over simplified. concept is called volitility harvesting.
You actually don't have to sell to rebalance if you do dynamic rebalancing. Just direct the flow of new capital into adjusting your current weighting to your desired weighting. Back when portfolio visualizer had free robust back testing I back tested a portfolio of gold, silver, and cash and it did pretty well actually and those are all acquirable maintainable outside of the system. I also think things that people often don't think about like natural disaster preparedness goods or machines allowing for greater self-reliance are good investments. Modern supply chains are very fragile and if wars or disasters break out even in a localized area it can have a major negative impact.