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Updated 9 months ago, 04/17/2024
Would you sell a house for Gold or Bitcoin and how?
Looking for some constructive investment community discourse as I've had a few clients reach out recently about settling transactions in 'alternative' currencies or trading for real property.
This is not intended to be a discussion about the options for investment, rather how to conduct real estate settlements in non fiat currency.
It is (or should be) evident by now that the status of the USD as the world's reserve currency (or at least our exorbitant privilege) will continue to be marginalized in the coming years (and decades) and that investors are factoring in elevated risks of currency inflation and debasement into and onto their portfolios.
Does anyone actually believe the reported inflation rate or that US denominated debts (worldwide) will ever be repaid?
The harsh reality is that deficit spending to meet interest obligations will accelerate, further reducing the purchasing power of existing USD in circulation and USD savings. In short, the best savers and investors will lose most.
With that said, are there any investors or real estate professionals that would or have settled real estate transactions in alternative assets such as Bitcoin or Gold?
And if so, how did/would you coordinate the transaction?
My understanding is that the the mechanics of the transaction would occur much like a conventional transaction with a third party title company. The primary challenges would be about the safety of settlement transfer for a physical currency transfer (like gold) and the specificity of timing and valuation of transfer in digital assets.
- AJ Wong
- 541-800-0455