Savvy investors know the importance of diversifying thier assets. In addition to stocks and bonds the majority of financial experts will also recommend holding a percentage of your investment portfolio in precious metals.
I've detailed many instances where owning a small amount of gold and silver has literally saved people's lives over the last few months here on Steemit so I won't get into that today.
Along with my dusty old stocks I save money in CSB's, GIC's, RRSP's and now I'm even throwing a little bit of my free money into cryptos..but do you know what my favorite avenue for saving cash is?
You guessed it, physical metals.
Along with being a time tested and proven method of securing your wealth while mitigating the rising inflation rate, precious metals are just alot of fun to collect, look at and hold.
Precious metals, like crypto currencies, are not at all mainstream. The majority of North Americans don't own either and that's a real shame. I feel like people's naitivity towards both these investment vehicles is in part due to the fact they're not exposed to the culture behind them.
Here on Steemit were lucky to have a large group of enlightened folk that understand the newly formed cryptocurrency revolution and are investing their hard earned money into the space. Seeing the gains they've made in the last year or two has been exciting and I'm glad I finally joined the fold, that being said after studying the history of money I'd like to remind everyone that you shouldn't put all your eggs in one basket and it would be a good idea to realise some of those profits and take a small percentage of such and invest it in some gold and silver.
We have a small but thriving group of precious metals stackers here on Steemit. We're hip to the new money but we also understand that tangible assets can't be overlooked, and just like we're buying up the new digital currencies to add to our investment portfolios, the new blood should also invest some of their money into the old money aswell.
There's a feeling of security that comes from gold and silver ownership that can't be described until you actually posses it, it's that allure that has drawn man to gold and silver for centuries. Gold and Silver are real money and can be traded for crappy fiat everywhere on earth.
There maybe new types of payment, currencies and stores of ones wealth that spring up but gold and silver will always have a place and will never go away.
I'm encouraging every member of the #steemsilvergold community to prepare a post showing off some of their real physical assets. The message is simple, protect your wealth and take your financial security into your own hands, literally, because if you can't hold it you don't really own it.
Have a great day,
Banner by @bearone
Well done GA! You know i love your action!!!
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Yeah, those gold coins are impressive. Everyone back in those days knew they were real money. Today's people, well you know...
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Exactly
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Those gold coins are excellent. There's just something special about old gold!
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Yeah I want to get more but if I don't find it locally I pay tax and duties to import into Canada because it's not .999 pure or above. That's why I usually get more modern bullion
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Yup, that's the issue! I hate paying taxes on coins.
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I'm shuffling SBD into metals as fast as I can right now! Got some fun chunks of shiny rock on the way to my doorstep as we speak! Gonna be material for AT LEAST 2 silver related posts!
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Ooh, I love surprises!
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just ordered some STEEM -> GOLD/SILVER last week. Can't wait to share whenever they decide to ship my order!
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Yeah I hear ya, I'm still waiting for a couple orders to process
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You tell em man! I think we're slowly spreading the word to some of the crypto bugs.
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Yeah it's bound to happen. Spread the knowledge of each with eachother eh? We're all apart of this community together 👬
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Great post GA. Like you said cryptos are good but real hard tangible assets is where the smart money always goes. If you don't hold it you don't own it!
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Thanks for reading my friend, have a spectacular day!
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Hell yea GA! I have a feeling you just inspired some people to show off lol
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It's more about spreading the message then showing off. Now if I wanted to show off I'd hire a Brink's truck and unload the safe lol
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🤑 I can only imagine. I also have been trading crypto for pm it just makes sense.
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Challenge accepted. Will be tomorrow's post sir! Great explanation on why we DoD what we do brother. BB4L
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Thanks for taking a look bud 👊😎
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Agreed. There's something about tangible that stands the test of time.
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Excellent post. You put the finger on the spot. We all should protect our wealth and gold and silver are perfect for that.
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I just about licked the screen, that Canadian fiver is calling my name.
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gold and silver prices are increasingly prominent to date. so too with high dowries of marriage.
@goldenarms
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Very interesting post!
Very interesting to see.
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Love me some metal.
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Love the sovereign and the $5 Canadian piece. Peace!
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