New generation of gold bugs: Why millennials are holding more gold than older generations

CNBC's Pippa Stevens reports on younger investors getting 'bit' by the gold bug.

[@trepan4944]

"Gold is money, everything else is credit" -JP Morgan.

[@t-bone7988]

Still relevant today

[@danielbbq]

I give goldbacks to my kids each month. I also give them an oz of silver on their birthday and for Christmas each year.

[@t-bone7988]

You could do better than an oz lmao

[@danielbbq]

@@t-bone7988 agreed. I'll up my investments in silver.

[@ltcajh]

@@t-bone7988 Beats zero ounces per month.

[@t-bone7988]

I always laugh when I hear buy gold and silver ETFs. If you can’t hold it you don’t own it.

[@sheepman6291]

I'm part of the new Generation became a gold bug 3 years ago. I'm 34 years old. I recommend a few OZs of physical and the rest in stocks and ETF. You have to be a real bug to move physical. I'm a real bug.

[@adamn9450]

Not your bars not your gold!

[@Tsunseyu]

Silver and platinum!

[@wagrealtyllcnorthcarolina7726]

Buying at an all time high! Nothing could go wrong

[@Tsunseyu]

ETFs = No gold for you when it hits the fan; if you don’t hold it, you don’t own it!

[@Simonpt2000]

Costco still selling gold?

[@JamesJohnson-sl3ui]

Frank needs a clue. They come in different weights and costs.

[@ltcajh]

Physical gold, not ETFs.

[@alexroberto6353]

I luv gohld

[@DiversifyYourself]

Millennials don’t like gold. Not in the divided states of America at least.

[@superstar5123]

no mention of gen z?

[@StudyBitcoinwtfhappenedin1971]

Gold was the best money and savings we had for thousands of years. Immensely important. but it is a rock and has it's faults. Some risks of gold listed below ..some food for thought: Gold is costly to secure and at risk of plunder or seizure. Gold has been confiscated and or made illegal by almost every civilization including the United states (FDR 1933-1974) and could happen any time for "national security". It's impossible to move a lot of gold without massive fees and risk. If it moves across a border historical and current law implies at least a 30% tax just for moving your savings to a new jurisdiction. Divisibility is an issue. Can you buy a taco or coffee with your gold? How do they verify it's gold? Is all of china's gold real? Is any governments gold real? How much has been audited? Does your gold just have tungsten mixed into it or somewhere inside of it? How can I know for sure? The threat of violence and cost of security leads common sense to trust third parties. This historically has always led to centralization. Which leads to theft, fractional reserve banks, and authoritarian rule Gold is highly centralized by governments/banks and mining is highly Centralized and captured. Gold is a spoil of war. Gold incentives plunder and barbarianism where the victors of war rules the world. Sound money is absolutely critical for humanity and gold was the best we had. It was hard to counterfeit and its highly durable. Having gold was wealth no one could arbitrarily make more of, no one could alter it or censor it, gold was important for humanity. But it has incentivized war and plunder for thousands of years. The struggle for human rights for the individual through history is incredible. Gold was a big part of that. Currently there is unstoppable, unalterable, unconfiscatable money. Revolutionary freedom technology. Through remembering 12 words any person on earth can have a free savings account and sovereign immutable money. It's called Bitcoin, please study it, be curious, learn why and how it's important and useful. Bitcoin is the separation of money and state, one of the most important inventions in human history

[@TheAscendedbeings]

Bitcoin is the solidification of centralized money and state; the decentralization of cryptocurrency is myth

[@StudyBitcoinwtfhappenedin1971]

@@TheAscendedbeings there is objective evidence showing Bitcoin has been used all over the world by people escaping war and oppression. Bitcoin is the most secure next work in the world and in human history. Bitcoin has never been hacked and it is theoretically impossible to hack. The human rights foundation's conference in Oslo had many human rights activists from all around the world speak about how Bitcoin was life saving to them. The writer of the Bitcoin standard and his family fled Lebanon with their savings, he speaks about this in detail, all of this is easy to find on KZbin or x. I'm happy to pull an array of references. Through remembering 12 words Bitcoin is a free savings account open to everyone on earth. There is no website ruler or anyone that can control it. It is an open source (open and verifiable to all) monetary protocol. And for every person's personal account Bitcoin is secured by military grade cryptography (worth studying). there is a math problem that involves entropy (random numbers you can generate by rolling dice) to generate a unique passphrase also called private key (your 12 words). And that is your Bitcoin wallet. Through remembering the correct 12 words anyone in the world can own bitcoin. Revolutionary. From your passphrase (private key) you derive or generate your public key (note: no one can trace the private key (12 words) from the public key). From your public key, you can see your wallet and interact with it including generation almost infinite receive addresses you can give anyone to send Bitcoin (or fractions of a bitcoin called satoshis) No government can censor or confiscate Bitcoin if properly secured.

[@geoomann]

Gold is not a rock. A rock is rigid brittle and is a mixture of mineral grains. Minerals are chemically bound crystals made up of various elements as in the Periodic table. Gold is a metal element that is only electrons, protons and neutrons. That makes it useful for many applications. Minerals are not all that useful aside from use as ores to get elements or to use them as gravel. Get your basic chemistry and physics correct. Gold can be melted, cast, forged and alloyed into incredibly valuable technology.

[@ltcajh]

Physical metals are outside the system. That's a HUGE plus!

[@RichardKing-sx6xc]

Tactical Boomerism Nationalism 🏆🎖🏅🥇

[@69pepe420]

we like bitcoin. and PEPE

[@MatthewMS.]

We don’t like gold.

[@sheepman6291]

Gold is not for everyone. Gold taxes cost more than short- and long-Term stock plays. Gold moves very slowly. Gold deals a lot in banking, wars, and economics. To me gold is more predictable than stocks, and I have done well with my moves into gold ETF, some physical, and miners. I will never touch bitcoin even though I am kind of bullish on bitcoin.

[@olliemoose2020]

Well that your problem.

[@ltcajh]

Everyone loves gold, and always have.