I knew somebody would object. Lemme put it this way....Gold and Silver have been terrible investments ever since the end of the Carter administration.
Crypto has sucked a lot of the air out of the room as far as Gold is concerned. People invest in crypto for the same reason they used to invest in gold....a store of value that is outside the control of national governments.....planned scarcity. Therefore a hedge against inflation. You say crypto is speculation but at the end of the day, so is gold. Its just shiny metal. It doesn’t have much by way of actual use. Its valuable because people accept it as being valuable - not because of its intrinsic usefulness. The same holds with Cryptocurrencies, Bitcoin especially.
I am not a big fan of gold, though of course it has many centuries of use throughout the world while crypto is a “new” thing.
Gold also can be touched by human beings, which makes it a more credible asset than ones and zeros.
The notion that ones and zeros are “investments” is totally unpersuasive to me—but if you are comfortable with it, enjoy.
I am not a big fan of gold, though of course it has many centuries of use throughout the world while crypto is a “new” thing.
Gold also can be touched by human beings, which makes it a more credible asset than ones and zeros.
The notion that ones and zeros are “investments” is totally unpersuasive to me—but if you are comfortable with it, enjoy.