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SHOULD YOU BUY GOLD INSTEAD OF BITCOIN IN 2020?

Is gold a good investment in 2020? This video explores whether buying Bitcoin 1.0 AKA gold is a good idea or not.
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Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark) is not providing you individually tailored investment advice. Nor is The Crypto Lark registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. The Crypto Lark is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

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  1. In 2013 I watched both Max Keiser and Peter Schiff on youtube. Max said to invest in Bitcoin; and Schiff said BTC was a scam and it was totally worthless. Unfortunately I listened to Peter Schiff and bought Gold. Listen to the right people on youtube and you shall prosper. Listen to the wrong people and you will not. Do you have any idea how hard it is to convert gold to fiat? It is not that easy because I had to convert my gold to fiat to buy BTC a few years ago.

  2. Central Banks hold +15% of the worlds physical gold, some of these are already selling and many others will be forced to sell a portion of their reserves thus Gold in the medium term is likely not going to perform as well as some would like you to believe.

  3. I don't have confidence in these gold backed tokens. How do I know that they're physical backed and no derivatives? And they're backed really 101? if they're really backed at all.

  4. When they come for your wealth, they will start by seizing the private keys from the exchange companies. Blockchain is a decentralised, distributed record but the token is only of value if it's…. Wait for it…. Redeemable by a single, centralised, trusted 3rd party. "Hey Mr Paxos, I'm here to redeem my physical gold". "Uhhh, the military took it.". I dunno, I'm struggling here Lark.

  5. How do we know the same ounce of gold is not sold multiple times? What happens if governments forbid ownership of gold, like what happened before in the US? You will suddenly be holding worthless tokens as the gold has been taken away… Who is going to deliver you the gold when there is a SHTF crisis? Likely all logistics will be broken down.

    This is just paper gold with the difference that it is turned into a blockchain token. I see many problems with this. If you own gold, rather own the good old fashioned yellow stuff.

    At least with Bitcoin the actual token holds the value. It does not need the presence of physical gold to back it up.

  6. Sup lark. Im owning physical gold for 3 to 6 month living expenses/emergency. Like you said not for the sick gains. Gold makes it hard for me to readily spend or invest. Still can transfer gold to whatever in most situations. Going full bulltard on cardano and monero. Bitcoin is a nice medium of exchange. Keep up the great work!

  7. Governments have made gold illegal to hold and confiscated it. Secondly all the gold backed cryptos are centrally controlled and can be switched off. Thirdly the same ounce gold has been sold numerous times by companies that sell paper gold. Just saying I dont feel too excited about not holding real gold.

  8. I have approximately 3 oz of gold but as I live abroad its in the form of wearable jewelry so I dont have problems transporting it across International borders
    I have no intention of puting any more money into gold as I would rather buy btc which in my opinion is a much better vehicle for creating wealth Then if and when my btc makes me wealthy I will then put some of that wealth into gold rather than cash

  9. Good move on paxg. I bought mine a few days ago. Can’t be bothered to go to brick and mortar gold shops and there are TONS of them in the Middle East.

  10. David Attenborough: what we have on display here, a wonderfully rare variety, a hybrid of sorts not commonly seen in the wild… Aurumis Kryptonis… more commonly known as The Golden Crypto Lark of Wellington. Truly a spectacular sight to behold!

  11. I'm not a fan of paper gold. You might as well bought more bitcoin. it's said by many in the gold experts that if the tokens and gold contracts where called in people would have a nasty surprise.

  12. Diversification is important. I dca btc weekly but i also buy C10 weekly. Its an index fund of top 10 cryptos. Prob higher chance of more gains than btc as in bull run alts go up faster…

  13. Sophisticated investors…lol! It's another store of wealth. I do like your take on the crypto gold. With PAXG the option of redeeming the physical gold is cool. 1 Oz. Of gold right now would have about $150 premium, so there's that. Thanks Lark. It's a good time everytime.

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