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RE: Charms of gold is legendary but it’s not environmentally friendly, invest in cryptos!!

in #gold5 years ago (edited)

Thanks @pedrobrito2004 , for this very thoughtful comment. As for the investment on gold stuff during your grandparents time, that time it was good because price of gold was cheap and then it appreciated next 30 years, although you go to check graph for that. Now, gold is heavy, costly, lot of fake gold around and you buy that environmentally unfriendly metal you also pay more than the value of gold with the jewel making charges and other charges and perhapes taxes.

So, other than gifts that jewel serves no purpose, and I don't want such a gift because its got through mining although circumtances and society do pressure you to wear gold in occasions like marriages as in my Indian culture. It causes lots of financial strain too, even for the well to do.

That being one point, if you love Gold investment and blockchain technology, there is PAX-Gold, or a stable coin from Pax that gives owner a legal title to gold, so maybe you can check it out - I intend to mention it in my next crypto gold article but you can google and check...

Third BTC and gold... I am a BTC fan so easily take it as gold and we all know it shares characteristics of gold, also with BTC mining that does not damage environment. And it actually beating gold in its appreaciation price past 1 year recort- gold rose 18%, BTC 150% ...so yeah BTC accumulation at right times is good investment, just long term price will be greater than today anyway.

Brave, check it out... just enrol your youtube channel/blog to get tipped by brave and it can be passive income. Also for browsing you see ads and get brave, so can get brave. Yeah some time goes to research and learn all this, but you can do it, lot of videos around explaining it.

Steem, well... yup, hard work to earn steem but it's still good option with growing communities and maybe by joining groups, you can grow steem like participating in community contests may help, but when you get the dice rolling, you keep getting some steem and other cool tokens for content, so it definitely is worth sharng your here. Also, it motivates you to write great or make great content that you can post else where too, sharing knowledge/ideas is always nice atleast for me.

Thanks for reading and visiting.

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Thank you for the recommendation about PAX-Gold.

I comment that in the ecological aspects, the mining of BTC has been criticized for the high consumption of energy and the need for cooling systems, but I have seen projects that use renewable and clean energy that have left me with a good impression, I think there is an operational one in China and another one that was in project in Paraguay (South America), I don't know if there was one of solar energy in the USA and something of a hydroelectric project in Canada ... of these last two I don't remember well.

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