If you've been keeping an eye on the financial world, you're in for some exciting news. Roxom has just rolled out Bitcoin-denominated perpetual futures, revolutionizing how traders can engage with major assets like the S&P 500 and Gold directly in Bitcoin terms. It's a groundbreaking move that paves the way for a new era in global finance.
The Rise of Bitcoin-Denominated Futures
A New Era in Global Finance
This game-changing launch couldn't have come at a better time. With global trends leaning towards de-dollarization, central banks diversifying reserves, and BRICS nations seeking alternatives to the US dollar system, the stage is set for Bitcoin to shine. Public companies, ETFs, and sovereign entities are already holding over $150 billion in Bitcoin, showcasing a remarkable 400% surge year-over-year.
Roxom: Bridging Traditional and Bitcoin Finance
A Vision for the Future
Roxom's innovative platform, operating round the clock, offers a seamless fusion of traditional finance and the Bitcoin ecosystem. By creating a more accessible and efficient market structure, Roxom is not just facilitating trades but also laying the foundation for a new era in global capital markets.
The Evolution of Bitcoin as a Store of Value
Challenges and Opportunities
While Gold and the S&P 500 have been on a rollercoaster ride when valued in Bitcoin terms, it's evident that Bitcoin is emerging as a frontrunner. Despite Gold hitting record highs in USD, its value against Bitcoin has plummeted by around 45% since January 2024. Similarly, the S&P 500, although soaring in USD, has seen a 35% drop in Bitcoin terms. This shift signals a change in market dynamics, with Bitcoin gaining traction as a preferred store of wealth and unit of account.
Roxom: Bridging the Gap for Institutional Adoption
Shaping the Future of Finance
With institutional interest in Bitcoin on the rise, Roxom's platform acts as a vital link between traditional financial markets and the burgeoning Bitcoin-based financial ecosystem. This integration not only fosters Bitcoin's acceptance as a standard unit of account in global finance but also marks a significant milestone in its institutional journey.
Are you ready to dive into this new era of financial possibilities? Explore Roxom's platform and witness firsthand the transformative power of trading S&P 500 and Gold in Bitcoin terms. The future of finance is here, and it's Bitcoin-powered!
Frequently Asked Questions
Do You Need to Open a Precious Metal IRA
The most important thing you should know before opening an IRA account is that precious metals are not covered by insurance. You cannot recover any money you have invested. This includes investments that have been damaged by fire, flooding, theft, and so on.
It is best to invest in physical gold coins and silver coins to avoid this type loss. These items have been around for thousands of years and represent real value that cannot be lost. You would probably get more if you sold them today than you paid when they were first created.
Choose a reputable company with competitive rates and quality products if you are looking to open an IRA. It is also a smart idea to use a third-party trustee who will help you have access to your assets at all times.
You won't get any returns until you retire if you open an account. Do not forget about the future!
What's the advantage of a Gold IRA?
The benefits of a gold IRA are many. You can diversify your portfolio with this investment vehicle. You control how much money goes into each account and when it's withdrawn.
Another option is to rollover funds from another retirement account into a IRA with gold. This makes for an easy transition if you decide to retire early.
The best part is that you don't need special skills to invest in gold IRAs. They are readily available at most banks and brokerages. You don't have to worry about penalties or fees when withdrawing money.
That said, there are drawbacks too. The volatility of gold has been a hallmark of its history. So it's essential to understand why you're investing in gold. Is it for growth or safety? Are you looking for growth or insurance? Only by knowing the answer, you will be able to make an informed choice.
If you want to keep your gold IRA open for life, you might consider purchasing more than one ounce. A single ounce isn't enough to cover all of your needs. You could need several ounces depending on what you plan to do with your gold.
A small amount is sufficient if you plan to sell your gold. Even one ounce is enough. You won't be capable of buying anything else with these funds.
What is a Precious Metal IRA?
A precious metal IRA allows for you to diversify your retirement savings in gold, silver, palladium and iridium. These are called “precious” metals because they're very hard to find and very valuable. They make excellent investments for your money and help you protect your future from inflation and economic instability.
Precious metals are often referred to as “bullion.” Bullion refers simply to the physical metal.
Bullion can be bought through many channels, including online retailers, large coins dealers, and some grocery shops.
A precious metal IRA lets you invest in bullion direct, instead of purchasing stock. This ensures that you will receive dividends each and every year.
Precious Metal IRAs don’t require paperwork nor have annual fees. Instead, your gains are subject to a small tax. Plus, you can access your funds whenever you like.
Can the government take your gold
Your gold is yours and the government cannot take it. It's yours, and you earned it by working hard. It belongs to you. But, this rule is not universal. For example, if you were convicted of a crime involving fraud against the federal government, you can lose your gold. Also, if you owe taxes to the IRS, you can lose your precious metals. You can keep your gold even if your taxes are not paid.
How much gold should you have in your portfolio?
The amount that you want to invest will dictate how much money it takes. For a small start, $5k to $10k is a good range. Then as you grow, you could move into an office space and rent out desks, etc. This way, you don't have to worry about paying rent all at once. Only one month's rent is required.
It is also important to decide what kind of business you want to run. My website design company charges clients $1000-2000 per month depending on the order. You should also consider the expected income from each client when you do this type of thing.
Freelance work is not likely to pay a monthly salary. The project pays freelancers. So you might only get paid once every 6 months or so.
Before you can determine how much gold you'll need, you must decide what type of income you want.
I recommend starting with $1k-$2k in gold and working my way up.
Statistics
- 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)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- 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)
- (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)
