Hey there, crypto enthusiasts! If you've been following the rollercoaster ride of the crypto market, you know how nerve-wracking it can be, especially with bitcoin's recent dips. But guess who's not breaking a sweat? Grant Cardone and his team at Cardone Capital. They're not just holding steady; they're diving in deeper, scooping up 200 more BTC after a hefty 300-BTC purchase last week. Now, that's what I call confidence in the face of uncertainty!
The Strategy Behind the Moves
Bitcoin: More Than Just a Coin
Here's the scoop: Grant Cardone isn't just throwing money at bitcoin and crossing his fingers. No, no. He's playing the long game and building a unique strategy that ties together the stability of real estate with the thrill of crypto. It's like combining your morning coffee with that perfect pastry – a match made in investment heaven!
Cardone's approach isn't about quick wins; it's about creating lasting value. By leveraging rental income from prime properties, he steadily grows his bitcoin portfolio over time. It's a smart move that's all about balance – think of it as a seesaw, with real estate on one end and crypto on the other, both rising together.
Bitcoin: More Than Just a Coin
Bitcoin: The New Safe Haven?
Let's talk turkey. Grant Cardone isn't just in it for the profits; he's in it for the bigger picture. He sees bitcoin not just as a digital coin but as a symbol of financial empowerment. While some folks are all about going all-in on crypto, Cardone reminds us that having a bit of cash on hand is still key for daily life. It's like having your cake and eating it too – enjoying the benefits of bitcoin while keeping your financial feet on solid ground.
And hey, Cardone isn't just preaching to the crypto choir. He's opening the doors to bitcoin novices, showing them the ropes through the lens of real estate. It's like having a seasoned guide lead you through a dense forest – you learn, you grow, and you come out ahead.
The Market Dance: Bitcoin's Moves
Bitcoin: Riding the Waves
Today's menu? Bitcoin taking a step back from its recent highs, settling in the high $107,000s after a wild ride. Market vibes? Fear and more fear, according to the Fear & Greed Index. But hey, here's the kicker – some indicators hint that bitcoin might be a hidden gem right now, undervalued and ready to shine. Meanwhile, gold is doing its own dance, highlighting the gap between risk-takers like bitcoin and the old-school safe bets.
So, there you have it, folks! Grant Cardone isn't just making moves; he's paving the way for a new wave of investors to ride the bitcoin wave. Will you join the journey? The door's wide open, and the possibilities are endless. Dive in, learn, and let your investments soar!
Frequently Asked Questions
How much gold do you need in your portfolio?
The amount you make will depend on the amount of capital you have. You can start small by investing $5k-10k. As you grow, you can move into an office and rent out desks. So you don't have all the hassle of paying rent. Only one month's rent is required.
You also need to consider what type of business you will run. In my case, I run a website-creation company. Our clients pay us between $1000-2000/month and depending on their order. You should also consider the expected income from each client when you do this type of thing.
If you are doing freelance work, you probably won't have a monthly salary like I do because the project pays freelancers. You might get paid only once every six months.
You need to determine what kind or income you want before you decide how much of it you will need.
I recommend starting with $1k to $2k of gold, and then growing from there.
Can I buy or sell gold from my self-directed IRA
Your self-directed IRA can be used to purchase gold, but first you need to open an account with a brokerage firm such as TD Ameritrade. You can also transfer funds from an existing retirement fund.
The IRS allows individuals to contribute up to $5,500 annually ($6,500 if married and filing jointly) to a traditional IRA. Individuals may contribute up to $1,000 ($2,000 if married, filing jointly) directly into a Roth IRA.
If you do decide to invest in gold, you'll want to consider purchasing physical bullion rather than investing in futures contracts. Futures contracts can be described as financial instruments that are determined by the gold price. These financial instruments allow you to speculate about future prices without actually owning the metal. You can only hold physical bullion, which is real silver and gold bars.
How much should precious metals be included in your portfolio?
Before we can answer this question, it is important to understand what precious metals actually are. Precious metals refer to elements with a very high value relative other commodities. This makes them highly valuable for both investment and trading. Gold is today the most popular precious metal.
There are however many other types, including silver, and platinum. The price for gold is subject to fluctuations, but stays relatively stable in times of economic turmoil. It is also relatively unaffected both by inflation and deflation.
In general, all precious metals have a tendency to go up with the market. However, they may not always move in synchrony with each other. For example, when the economy is doing poorly, the price of gold typically rises while the prices of other precious metals tend to fall. Investors expect lower interest rates which makes bonds less appealing investments.
However, when an economy is strong, the reverse effect occurs. Investors want safe assets such Treasury Bonds and are less inclined to demand precious metals. These precious metals are rare and become more costly.
It is important to diversify your portfolio across precious metals in order to maximize your profit from precious metals investments. It is also a good idea to diversify your investments in precious metals, as prices tend to fluctuate.
What is the best precious metal to invest in?
This depends on what risk you are willing take and what kind of return you desire. Although gold has been considered a safe investment, it is not always the most lucrative. Gold may not be right for you if you want quick profits. If patience and time are your priorities, silver is the best investment.
If you don't care about getting rich quickly, gold is probably the way to go. If you want to invest in long-term, steady returns, silver is a better choice.
How Does Gold Perform as an Investment?
The supply and the demand for gold determine how much gold is worth. It is also affected by interest rates.
Gold prices are volatile due to their limited supply. Additionally, physical gold can be volatile because it must be stored somewhere.
What is the tax on gold in an IRA
The fair market value of gold sold is the basis for tax. You don't pay taxes when you buy gold. It is not considered income. If you sell it later, you'll have a taxable gain if the price goes up.
For loans, gold can be used to collateral. Lenders look for the highest return when you borrow against assets. In the case of gold, this usually means selling it. There's no guarantee that the lender will do this. They may keep it. They might decide to sell it. You lose potential profits in either case.
You should not lend against your gold if it is intended to be used as collateral. It's better to keep it alone.
Statistics
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
External Links
finance.yahoo.com
investopedia.com
- Are You a Good Candidate for a Gold IRA
- What are the Options Types, Spreads, Example, and Risk Metrics
irs.gov
law.cornell.edu
- 7 U.S. Code SS7 – Designation boards of trade as contract market authorities
- 26 U.S. Code SS 408 – Individual retirement accounts
How To
The growing trend of gold IRAs
Investors seek diversification and protection against inflation by using gold IRAs.
The gold IRA allows investors to purchase physical gold bars and bullion. It is tax-free and can be used by investors who aren't concerned about stocks and bond.
Investors can have confidence in their investments and avoid market volatility with a gold IRA. Investors can protect themselves from inflation and other possible problems by using the gold IRA.
Investors also have the benefit of physical gold, which has unique properties such durability, portability and divisibility.
Additional benefits of the gold IRA include the ability to quickly pass ownership to heirs. Additionally, the IRS does not consider gold a money or a commodity.
Investors who seek financial stability and a safe haven are finding the gold IRA increasingly attractive.
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By: Micah Zimmerman
Title: Real Estate Mogul Grant Cardone: Why Doubling Down on Bitcoin is Brilliant
Sourced From: bitcoinmagazine.com/business/real-estate-mogul-grant-cardone-doubles-down-on-bitcoin-purchases-during-market-sell-off
Published Date: Thu, 16 Oct 2025 18:01:46 +0000
