All the Inflationary pressure goes to Crypto, nothing to Precious Metals
In my eyes the short answer is NO. This time not.
Many people are convinced that all of the inflation created by centra banks will push neglected metals through the roof.
The cryptomarkets as a whole are better than hard metals in almost every way:
- fungible at first glance, Precious Metals have to be analyzed with ultra-sound in order to make sure that they are not fake and of 100% purity... no tungston and so on... If you receive any cryptocurrency you know a 100% for sure that it is not fake after it has been confirmed by the network.
- liquidity, you have massive volumes traded all around the world in almost any cryptocurrency. In some currencies you can even trade billions in value, in others only a few thousand USD, but even this is for the average Joe enough.
- transportability. With Gold and Silver there is a huge risk if you are leaving your house. Every idiot can rob you and know that you have something of value.
- transferability worldwide. In seconds you can do payments worldwide to anyone even if he has no Internet Access.
- split-ability: you can pay even small items like a newspaper with any other crypto which is not Bitcoin.
The only disadvantage of Crypto vs Precious Metals is:
Technology shifts from one Currency to another as technology moves on. But this shift as of now is gradual. Even a so disfunctional currency like BTC still has not been dethroned. Even though you have to pay 20-40 USD per transaction and it takes hours or days to transfer.
So I think this risk is quite limited.
The market has already decided the winner
if you see the evolution in the last 9 Years, you can clearly see that the market agrees with that vision. And that he has already decided to push Cryptos... seeing the arguments above I think it is understandable.
The 5000 year comparison
I always hear that Gold and Silver have lasted 5000 years as money... but is this really so important? I think not. People have been using ships and carriages for thousands of years. I guess somebody would say that Airplanes are a fad and that they have only existed for 90 years. So invest in carriages, they are safer ad can not fall from the sky like airplanes can.
Would this decision be wise?
E-Mails only have existed for 30 years, paper written letters for 3000 years. Should we ignore E-Mails and bet on paper letters? I think everybody would say of course not.
The Winner will be Crypto, even in purchasing power, as Gold and Silver will be replaced in a good part , because of strong competition.
Disclaimer: This is no investment advice.
I believe so aswell :)
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Good arguments. Gold is not safe from government meddling, either. In fact, on April 5 1933, Roosevelt issued Executive Order 6102 which made gold ownership illegal and punishable up to 10 years in prison. All gold owners were required to exchange their gold for paper money. All this was part of the government's effort to spend its way of out recession.
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Yeah... in many countries this has happened over the last 80 years...
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@mexbit - Sir, you nicely explained the different between Metal market & Crypto market... Yes Sir, in Metal market there is an absolute winner, but in crypto market BTC is still hodling, but don't know how long it can... It's a good point Sir...
Excellent article & a best financial tips also attached... Nice you decided to share this Sir...
+W+ [UpVoted & ReSteemed]
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Thanks for resteeming!
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I totally agree with you. But what if one daý all satellites were damaged by some kind of electromagnatique waves from outer space, there won't be any more internet and only then Gold and Silver will rule again, So i' m thinking of buying my own stash of gold and silver in the near future, and then hide them underground for 20 or 30 years 😎💸(hihi i've watched too many movies when i was a kid 😂😂).
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It does not hurt... although it is not very likely.
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@mexbit, You giving excellent post to us. I agreed, whole crypto market better than hard metals. I think cryptocurrency has lot advantages more than hard metals. Hard metals has massive risky. Unprotected if we have leave from house. Currently lot of robberies doing society. So need to search safe way.
As me Think crypto market is better for secure our money and assets. Anytime we can do transactions through internet using our crypto currencies. Anything can buy after secure payment. We can get it our door step within few times. How about amazing market place?
Finally I told you, Crypto market attracted whole market already.
Upvoted & Resteemed.
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I guess you are from Africa, I think there it is extremely dangerous to travel the country with a gold bar. ;)
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@mexbit, You're wrong. Am from Sri Lanka of the South Asian country. :D
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Great analysis for crypto market.
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Thanks for resteeming!
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this is very impotent facts and usuful. Cryptocurrncy is the coolest valuable. thanks @mexbit Have a extremely good day Resteem
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Thanks for resteeming!
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Yes I agreed. Thanks for the information sir. Such a Will Gold/Silver rise because of Monetary Policy this time? great topic.this is best market site .
Thanks for sharing
@mexbit
100% like and resteem
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Sounds like a bot... but thanks for resteeming!
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Metal markets are manipulated by the bankers.
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Thats another reason... As delivery is so hard to do and expensive, no one wants delivery there... that is why it can be done there... in crypto it is very easy and cheap.
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Yes agree and thats why those greedy wall streeters made bitcoin futures as cash settled.
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If its BTC I think they will suffer in the future... It's a fax machine..
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More like a machine on steroids.
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You've showing nice point to us. Valuable information giving whats the correct way to protect our money. Crypto is the best option.
Up-Voted
Re-Steemed.
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Thanks for resteeming!
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Greatest analysis about metal market and crypto market. Crypto market has more benefits. Metal market has low benefits. Actually cryptos is the winner of both market competition.Well explained.
Resteem your post.
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Thanks for resteeming!
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thanks for the new blog.@resteem.
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Thanks for resteeming!
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great analysis..good to share
Metal markets are manipulated by the bankers.
thank you
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Thanks for reading... Bankers manipulate interest, so really everything is manipulated...
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He copied my comment and posted it lol
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technology will keep on moving but the precious metals dont
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Yeah... this does some guarantees on one side, on the other side this increments risks if someone is in any particular cryptocurrency and not very diversified.
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this is great investing sir and thanks for sharing this, this is something new to me. Marry Christmas..
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Oh, yes, I completely agree with you that it is no longer possible to return to old technologies and methods. Metals will certainly be present on the market, but only in their niche and the crypto-currencies they will take up above them even more when they fully show their potential! Thanks for the great post @mexbit
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crypto has a bright a future
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All the other asset classes are hopelessly overvalued...
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wow, it is an amazing post. very informative. thanks for sharing such amazing post.
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It is great post. Amazing information. Thanks for sharing such kind of informative stuffs.
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Bitcoin is future money https://steemit.com/steemitdiversify/@blaogao/remove-your-pride-and-receive-a-gift-with-grace
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Nice information,
Upvote & resteem @mexbit
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Nice information.Well done....
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the amount of time gold taken to reach this point is enough for crypto to reach other goals
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metal are like old currency now nothing new no value
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This is very impotent information and usuful.
Cryptocurrncy is the good valuable.
Thanks @mexbit
Have a great day
Resteem
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Thanks for resteeming!
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i don't think it will rise after looking into the details
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and the winner is crypto i knew it
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excellent review of market differentiation & incredible market analysis. impressive post @mexbit
@resteemia
reteemed & upvoted & commented & followed
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Outstanding perfomance for bitcoin...
Thank's for sharing
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even that shift will not stop it from being the top achiever
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great article it was to read thanks for sharing resteemed
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crypto can do the 5000 years of work in a single year
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Excellent post and great concept. Crypto trading is so much important in nowdays. In future its value will rises up more and more at the top level. Your post shows the right way to invest our fiat and time in the Cryptocurrency market for good returns.
Thank you so much sir, for sharing this valuable post with us. 😊
Have a great day!!
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Excellent post and great concept. Crypto trading is so much important in nowdays. In future its value will rises up more and more at the top level. Your post shows the right way to invest our fiat and time in the Cryptocurrency market for good returns.
Thank you so much sir, for sharing this valuable post with us. 😊
Have a great day!!
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Bankers manage interest, so in reality the entirety is manipulated.it is extraordinarily risky to travel the u . s . with a gold bar.
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Excellent post.and great information give us.
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cryptocrrency is most valuable fact in world at a time.good sharing.thankyou sir.
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Bitcoin is a store of value like gold to me not a coin for paying stuff... People dont go to the market and pay in silver or gold, same with bitcoin...
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cryptos are the best in the decentralized work
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thanks for sharing this high quality content with us !
Appreciate that
have a nice day
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Great points! Interesting read :)
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thanks for the info
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cryptos is ruling with the game now on from many years to come by too
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