Gold and Silver Hated Now. Crytprocurrencies Loved. The Debate Rages On and Here's a Solution!
As most of you know, the rise of the cryptocurrency has dominated all financial headlines as of late, compelling many to comment on bulletin boards and message boards that they will never buy physical gold or physical silver ever again, and that from now on, it’s cryptocurrencies or bust!
Given Bitcoin and Ether’s recent parabolic rise, strictly from a price standpoint, physical gold makes more sense as a a purchase at this current time than Bitcoin or Ether, though certainly given performance and the benefit of hindsight, buying Bitcoin and Ether at the start of the year made more sense than buying gold. But again this statement is only valid given the two entirely different purposes of buying gold and cryptocurrencies. And technically speaking, Ether, or Ethereum is not a cryptocurrency, but rather a token that user receive users for using their computing power to validate transactions and for helping pay for the development of the Ethereum network. As I will explain later in this article, even despite the massive parabolic rise in the price of BTC, if one were seeking to fulfill the very specific purpose that purchasing physical gold achieves in a wealth preservation plan, then purchasing gold over cryptocurrencies at the start of the year still would have made sense for a lot of people........ Much Much More .........
http://archive.aweber.com/sku_newsletter/NFdPK/h/Gold_and_Silver_Hated_Now_.htm
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I personally would laugh at anyone who would put all their eggs in one basket, especially with cryptos considering recent news like lawmakers claiming cryptocurrencies are heavily sought after by terrorists and criminals, global cyber attacks and potential for solar flares or an EMP to knock out sections (or all of) the electrical grid at any given moment.
There is absolutely nothing wrong with holding on to hard assets like precious metals, which have many industrial, technological and healthcare related uses. Precious metals as a store of value have outlasted all other forms of money.
Wow, finally someone who agree with me in this issue.
If you look at my blog the last 2 weeks (ish), you can see that i have made quite a few post about this issue, but the only reply i get is that its impossible to stop, so i mostly reply those with messages just like yours:
"lawmakers claiming cryptocurrencies are heavily sought after by terrorists and criminals, global cyber attacks and potential for solar flares or an EMP to knock out sections (or all of) the electrical grid at any given moment."
But they still refuse understand that point of view ( i even go deeper into it with more motivs for ban),
But I'm more seen as a moron and conspiracy theorist. Lol
(check it out if you want)
And more ... Im just like you.. I keep maybe 85% silver, 10-12% gold.. And some coffee change in crypto.. Just a few Btc.
Well.. I am sure you and i are better off then most others,
And if hats not enough.. Most people.. Even those in the knowhow and deep down the rabbit hole seems to think that whats waiting is just a crash.. Maybe a reset and we're up and running again within a few weeks/months.. They don't understand its a systematic crash that is coming.. and that is THE system i.e humanity .. Not just a financial crash.. This will take years before its even possible to start to recover.. And people will die.. Huge amounts .... So holding PM is not about geting rich.. Its about SURVIVING!
Anyway.. I hear that you know, .. Nice to see that,
Cheers :)