Reddit Gold Update: How to Give and Get New Silver and Platinum Icons

August 29, 2024Forex TradingAdmin Manish

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media. That said, confirmation will come only with the breakouts I outlined in this analysis. It’s also worth noting that gold may be consolidating for a similar length of time as it did last summer, given the parallels I’ve highlighted. Even more encouraging, it successfully retested that zone as support and bounced, passing that technical test with flying colors.

Sure, the shift hasn’t been without its critics, but Gold opens up opportunities for meaningful engagement and even lets creators earn real payouts through the Contributor Program. But in the long term, the answer to the question “Is it better to go with gold or silver? ” might be “stocks.” It’s actually incredibly easy to buy a diversified index fund that’s primed to climb even if you have limited knowledge about investments. However, long-term investors would likely be better off investing their money in a well-diversified portfolio of stocks, bonds, mutual funds or ETFs. Be sure to do your due diligence and evaluate your financial goals before making any investment decisions. Own physical gold and silver in your IRA—shield wealth from inflation and market chaos.

For 100 coins, you may purchase Reddit Silver, which places a silver achievement badge beside your comments and postings. A Gold achievement badge adds to your postings and comments, along with a week’s worth of access to Premium and 100 coins. Reddit Platinium puts a platinum achievement badge beside the comments and postings and prices 1800 coins. It also grants users a month of Premium membership and 700 Reddit coins. Interested in having a discussion about investing in gold vs silver (or maybe neither).

When assets like gold rally sharply, they often become overbought, making them susceptible to pullbacks or periods of consolidation to absorb the excess.
The gold-to-silver ratio can help, but you should also consider the bigger picture of the market and your own needs.
But the after-inflation returns of buying and holding either are not all that impressive.
If you receive a silver award, all you get is the icon.
Reddit Premium is a monthly or annual membership that automatically renews.
Reddit Gold is the platform’s shiny new way to reward content, replacing the now-retired Coins system.

How we make money

Futures and options are agreements to buy or sell gold or silver at a set price on a future date. You can make money from changes in the prices of gold and silver compared to each other by trading futures. It’s a risker approach that can cause great losses and you still don’t own a tangible asset. In uncertain economic times, the appeal of tangible assets becomes even more pronounced. Gold and silver are not dependent on the performance of financial institutions or governments, making them a safe haven during market volatility or geopolitical crises. For many, the physical nature of these metals provides a sense of security that digital or paper assets cannot match.

Many precious metals traders and investors watch this ratio closely to help them spot opportunities. Gold and silver are two popular investments for those looking for assets that can be both a store of value and an inflation hedge. The market value of gold and silver is determined by their spot Forex free margin prices, which fluctuate based on supply and demand dynamics, geopolitical events, and economic indicators. Spot prices represent the current market value of one troy ounce of gold or silver and serve as a baseline for pricing.

Now it’s up to the CFO and the financial services commission to write the rules for how this will work. The bill specifies that businesses accepting gold must be licensed and that check cashers and money service businesses have to accept it. At $3,400 each, the bars are worth enough to be exchanged for a used car, depending on what rules the state of Florida sets up. The United States used the gold standard until 1971, when President Richard Nixon ended the dollar’s convertibility to gold.

Next, let’s take a look at silver using COMEX futures, which tend to respect key $1 increments—such as $30, $31, and $32—as notable support and resistance levels.
Silver tends to be more stable, in part because it tends to rise with economic growth while also being a safe haven asset in tougher times, says Agrawal.
It’s a compelling setup, and one worth watching closely to see if history repeats itself.
“That same $20.63 invested in gold at the end of 1925 would have grown to $300,538 if invested in the S&P 500,” says Johnson, for a compound annual return of 10.3 percent through 2023.

Larger bars, such as 10-ounce or 1-kilogram bars, typically have lower premiums per ounce, making them an efficient choice for those looking to maximize their investment. Smaller bars and rounds, on the other hand, offer greater flexibility and are easier to sell or trade. The choice between bars and rounds often comes from personal preference and stacking goals. There’s a distinction between stacking for investment purposes and collecting. Investors focus on acquiring metals for their intrinsic value, often seeking low premiums and high liquidity.

Those lexatrade returns are not especially impressive, especially in light of inflation, which ran 2.96 percent over that same 98-year period. So, a huge portion of those small returns are cut even further by rising prices, leaving investors with low growth in their purchasing power. To award silver, gold, or platinum, it costs 100, 500, and 1800 coins, respectively. To use your coins, just navigate to a post you enjoyed and click “give award” at the bottom.

Can I Earn Free Reddit Gold?

Selling after big run-ups will be critical to investment success. It’s relatively easy to hide some gold coins in a sock drawer or cookie jar, but those same hiding places are impractical for the same investment in silver. Whether you buy coins or bars, you’ll need a lot more space to store silver than gold. It’s a way to show genuine appreciation for content that stands out while directly supporting creators. Gold allows users to give impactful awards, boosting visibility for quality posts and comments. Reddit Gold is the platform’s shiny new way to reward content, replacing the now-retired Coins system.

Gov. DeSantis signs bill to make gold, silver legal tender in Florida

Moreover, Premium members may access their saved favorites on the subreddits where they are posted. The Premium has several features for the comments area. A premium member has 1500 comments loaded once compared to 500 for ordinary members. While it’s not a standout feature, it might be useful if you don’t like how the website looks. With the help of this special function, you can explore without advertising.

Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments, including precious metals, involve risk and may result in partial or total loss. No conclusion of any type or kind should be drawn regarding the future performance of investments offered or managed by us based upon the how to make money trading currency information presented herein.

Long-term performance

If you’re ready to explore your options, contact Swiss America today for the best advice and different precious metals investments. The gold-silver ratio shows how many ounces of silver can buy one ounce of gold. People use it to show the value of gold vs silver over time.

Silver might be a good buy if the ratio is high (over 80) because it’s cheaper than gold. People use gold as a safe haven to store wealth or to provide protection against uncertainty. So, it takes 81 ounces of silver to equal the value of one ounce of gold.

Should you invest in gold or silver?

Their prices correspond to the length of the premium subscription they get as a reward. Gold and silver, as well as other precious metals, are typically long-term investments. Silver tends to be more volatile than gold, but gold is generally perceived as a long-term tool for preserving your assets. Gold and silver stacking offers numerous long-term benefits, from financial independence to peace of mind. By accumulating tangible assets, you create a hedge against economic uncertainty and a foundation for wealth preservation. Gold and silver have been revered as stores of value for thousands of years.

Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. If you receive a silver award, all you get is the icon. If you receive a gold award, you get a week of Reddit premium, plus 100 coins you can use to give someone silver.

Silver tends to be more stable, in part because it tends to rise with economic growth while also being a safe haven asset in tougher times, says Agrawal. Gold is typically used as a store of value and has relatively limited industrial applications, says Agrawal. “Investments and related sectors accounted for nearly 90 percent of the total demand for the yellow metal in 2021, and only 10 percent was consumed in industrial activities,” he says. Despite their reputations, not all that favorably, says Robert R. Johnson, Ph.D., CFA, CAIA, professor of finance, Heider College of Business, Creighton University.

Unlike the old method where you’d buy Coins and redeem them for awards, Gold keeps things straightforward. You buy it directly in different increments, with prices starting at $1.79 for 100 Gold on the web. Mobile users might see slightly different pricing tiers because, well, app stores like to keep things interesting. So based on your specific situation, you may decide to opt for silver or gold, given the respective traits of each one and the economic climate when you’re making your decision.