/biz/ - Business & Finance

No, gold is a mediocre hedge against inflation compared to bitcoin. You gonna store that yourself? 1 mil worth really? Probably not, which just means the gold belongs to whatever bank you store at it. The US government has even confiscated gold before.

>>57802183
ignore first comment, it very well is a good investment long term
just make sure you build up a balanced portfolio, with a healthy mix of real estate, precious metals, stocks and crypto
and don't blow money on useless shit, there is a reason why all the football players and rappers go broke 3 years after their careers are over

>>57802183
Buy a fuckton of silver and become king of pmg. Also take 100k and throw it at high risk stocks to make bigger money. Keep 1 mil for your person, use less than 1 mil to buy a good house and car, keep 1 mil in 20 dollar bills, then put the rest in hedge funds or whatever to have easy stacks yearly and live the rest of your life on easy mode in comfort and luxury.

>>57802297
thank you

>>57802183
All in on doge

>>57802437
kek, this

>>57802357
that anon is correct but worth mentioning that being thoughtful with your real estate, precious metals, stocks and crypto can easily fall under the category of "useless shit" if you don't do your homework.

DIY is always going to be best but treasuries are currently a safe 5-6% allocation with no risk that compounds monthly (CJTXX is a money market fund that will maximize t-bill gains), and maybe consider a money manager until you're more comfy with understanding the markets.

also remember, if you're buying a million dollars worth of gold, you have to store it somewhere.

>>57802183
Assuming this isn't a larp, literally just put in the sp500. You can withdraw 300k a year indefinitely.

>>57802705
why should I put it all in one thing?

>>57802945
Technically the sp500 represents 500 different things.

>>57803011
it's going to crash in the next recession

>>57802183
if your worried about inflation then just buy bitcoins and sit on it for a few decades

>>57804338
>oh no my 10 million crashed to 5 million

>>57802437
Literally this…

It's not the worst idea, but gold has very high inflation, 2%/yr, which means the total supply doubles every 35 years, 3x every 50 years, and nearly 10x every century. Much better idea to stack BTC with it's cryptographically fixed supply