I know I’m preaching to the choir here, but I’ve been collecting small amounts of gold alongside BTC the past few years and just realized how truly inferior it is.
It looks like first I’m going to take a 9% cut from the buy/sell price difference, then I’m gonna pay another ~1% for insurance during delivery.
I purchased at an almost perfect time, March 21, I should be looking at a 21% gain. After costs it’s looking like a 6% gain instead.
Now I agree that 21% interest over 3 years is what most would say is good, but that would mean to beat inflation, gold not only needs to appreciate more than inflation, but also other costs. I’m starting to wonder if the entire gold market is propped up by people needing to hold to ensure they beat the buy/sell spread. And the buy/sell spread may also be artificially inflating the gold price
EDIT: got my numbers a bit fucked up but it’s still not looking good
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