I wish they would quit SLAMMING the silver price. Its hard to decide spending money on silver or cryptos....
That is a good reason to cash in your silver for some cryptos... I am just doing it to diversify. Crypto is growing much faster than silver. Take advantage.
It's funny, people keep saying to keep piling into silver/gold for their inevitable rise. You diversify but it's more as a store of value, right? Such as keeping the approx. same purchasing power and not being diluted due to inflation?
Pretty much. The same can be said for cryptos, but the difference is crypto has more utility, liquidity, and speculation. The fact is ultimately they are both a store of value and they don't really rise, everything else falls. So in the end for me it is really about diversifying my assets than having a store of value. A "don't keep all your eggs in one basket" type of thing.