With the incredible gains Bitcoin holders have made this year, it might be time to start thinking about hedging against any major market corrections. Now there is an easy way to buy gold and silver with your Bitcoin.
(Not a commercial for APMEX and I have no affiliation with them. I own physical silver which I bought from local coin shops with phony fiat cash.)
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Go with silver over gold. Gold doesn't really have a place in the modern day world and although people tend to bring up the fact that it has been used as money for thousands of years, we are no longer in a world where physical gold as money makes any sense. The other use-cases for gold are quite lacking to say the least, so other then a store of value its kind of becoming useless. Silver on the other hand has everything gold has, but also has a wide range of use-cases that gold doesn't, and those use-cases are growing by the day as the technological world continues to expand. Basically Silver may very well step out from golds shadow in the future and because of this I tend to avoid gold and strictly deal with silver (PHYSICAL ONLY...).
Just my 2 cents.
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If you want to consequently hedge against cryptos, buy a simple msci world index ETF. People will adopt Cryptos as a new asset class, but will flee with their money in their known markets if things get shaky. if a world crisis (-> gold, silver will go up) erupts, people will flee into cryptos as well.
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Thanks for sharing!
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