Post
Topic
Board Economics
Re: Gold , Silver Or Crypto?
by
red4slash
on 24/08/2023, 16:06:22 UTC
I don't have silver, but I do have gold for investments and jewelry. Gold is also a profitable investment with a level of risk that may be lower than bitcoin or other crypto investments. The gains from gold may be worth the risk although not as much as the gains from investing in cryptocurrencies. Gold investing is a good option for those who do not like the high risk involved in crypto investing, although the higher the risk, the higher the possible returns. I have both in my portfolio, it is good and profitable.

To most people I know, they tell me that gold is a great store of value to have.

Gold is a great store of value, but you'll never achieve the same gains over the long term than investing on Bitcoin itself. You see, crypto brings huge profits due to its extremely unpredictable nature. Some people trust Gold and Silver more than crypto simply because they've been around for ages. Crypto is relatively new to the world, so there's a long road ahead before it gains the confidence among everyday people. Ultimately, it's all about diversifying your investment in order to minimize as much risks as possible. As long as you do that, you'll be on a road towards non-stop financial success. Just my opinion Smiley
We have different goals in investing or holding assets, and of the options OP mentioned, I think they are good assets to hold. Before bitcoin, I was also more focused on buying gold, but after I found out about bitcoin, I started to be interested and now I am more focused on bitcoin (by not ruling out gold).
Bitcoin continues to experience rapid growth, and from there I see opportunities that are a pity to miss.

For the views of many people, especially parents in my neighborhood, it can be said that gold is still the prima donna among them, yes it happens because in my neighborhood there are still many who do not know bitcoin.