π₯ Gen Z should skip gold entirely and go crypto
- β’they are living in 1971
- β’over 700% in 2017 alone
Alright, let's cut through the bullshit. To all my Gen Z hustlers out there, listen up: if your boomer parents or grandpappy are trying to sell you on gold as some "safe haven" investment, they are living in 1971. Gold is dead weight, a relic of a bygone era, and you, the most digitally native generation in history, should be skipping it entirely and diving headfirst into crypto. I'm talking about a paradigm shift, not some incremental change.
Think about it: gold barely cracked a 3.5% average annual return over the last 20 years, and that's before inflation eats away at it like a hungry termite. Meanwhile, guess what happened if you put just $1,000 into Bitcoin back in 2010? You'd be sitting on, well, let's just say a sum that would make your gold-hoarding relatives cry into their bullion. I personally watched my XRP portfolio (yeah, I know, controversial, but stick with me) blow up by over 700% in 2017 alone, while my uncle's gold ETFs were limping along like a one-legged dog. Goldβs "stability" is just another word for "stagnation" in an increasingly dynamic global economy. You want to actually build wealth, or just watch it slowly erode?
This isn't just about returns, though that's a huge part of it. It's about future-proofing your finances. What's more relevant in a decentralized, digital world: a shiny rock you can't easily transfer across borders, or a global, borderless, programmable asset? Gold's utility is practically zero outside of jewelry and industrial applications. Crypto, on the other hand, is the infrastructure for Web3, for DeFi, for the metaverse β the very technologies you'll be building and living in. You guys understand digital scarcity in a way older generations never will. Embrace it. Don't let yourselves be tethered to an analog past.
So, tell me, am I wrong? Is gold really the smart play for the future? Or are you, Gen Z, going to be the ones to finally ditch the dinosaurs and embrace the digital frontier that's actually going to make you rich? Change my mind.