Mm yeah mining companies are also quite risky. I'm in a few miners, but the obvious thing is the cost of mine and external factors like the price of commodities.
It's probably better to hold gold as the commodity (ETF or otherwise) than a miner. But when miners rally, oh do they rally
I'm an options guy which is why I loved $MSTR so much, but yeah, I hear ya. I'm looking at various Gold funds ... it'll take me a while to carve a new path ...
And I need to unwind a substantial $MSTR position. (oh well, only up 500%)
My main thesis now is Bitcoin is going to $0.00 and taking $MSTR with it. The first 24 hrs after Bitcoin Core 30 launch will be the beginning of the end. It happened to other coins. BSV apparently did the SAME EXACT SHIT.
BSV the Craig Wright bitcoin fork?
There's so many lol. Well I think the institutions and government will own majority of Bitcoin, with an issuance or bonds against bitcoin (anything but gold right?)
This is the biggest problem imo because the second largest holder after Satoshi is MSTR, followed by Blackrock and other American firms.
We may see other countries just leaving or excluding bitcoin from their countries, as it's too "American". After all, what's really stopping anyone forking Bitcoin and then just using it internally within their country or region.
An example like a BRICS Bitcoin; would they hold "made in America" coins or nah? Maybe to trade as reserves in their central banks? Or maybe just using Gold again.
My bet is Gold. BRICS will move back to a gold standard and already are trials of the Gold backed Rinminbi in places like Dubai (hub for trade). We've seen huge purchases from Russia in 2022, China in 2024 and this year and India is one of, if not the largest holders of gold in the world.
As it stands, based on public information, China has been getting rid of dollars quite substantially and buying gold. Russia is already excluded but still paid for fuel with a briefcase of dollars in Alaska which was hilarious. Publically though, USA, UK, France etc. all "record" more gold tonnage than China or India, which is just logically false. ICBC has vaults in the UK, but has been moving that gold out over the last year.
South African gold is held in ICBC vaults, and locally.
In fact, Trump announced a gold backed dollar bond (30yr) as a means to recoup and reduce the debt burden.
These are all signals underlying the entire economy
