The Cryptocurrency market is 10 times higher than Silver.
In the USA a person does not need to declare any silver a that they may own but a new law may require a person to declare and crytocurrencies they own. This could bring in legal problems, unpaid taxes, money laundering or terrorist funding if they do not declare the cryptocurrencies they own.
Many people sold their silver cheap and bought cryptocurrencies at a high price, silver is very versatile and may outlast any government and may become more important in the future. Silver is the most versatile commodity next to oil.
Silver is 6 times more rare than gold, very undervalued and a great asset.
Silver Price June 27, 2017 was $16.50 per Ounce and as of today it is $ 16.98, Silver price per kilo is now $ 545.92.
Should we be buying Silver?
Get both. Crypto is still very risky but high potential return.
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Yes best to hedge your best thats true
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Well thats the thing, seemingly more profit in crypto
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Where do you get that it is 6 times more rare then gold? That is not my understanding.
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Yes I'm also interested in how is it 6 times rarer than gold !?!
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I will be more precise: above ground silver is actually more rare than gold, sorry for my lack of clarity on this.
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The silver market is extremely manipulated by short selling mainly JPmorgan. SIlver is a good long term investment because world production just falls a little short of world usage per year.
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I have a friend who has bought both gold and silver and he was very happy with the price of silver
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Haha of course silver is safer than crypto. Silver has been used as a store of value of thousands of years. It has stood the test of time and is a very mature asset. It is basically immune to inflationary pressures due to its limited supply on Earth.
The crypto space right now is incredibly young, filled with amateur traders, and rife with speculation and market manipulators looking to take advantage of amateur traders. The crypto market is significantly more volatile than the silver market and it's definitely wayyyy safer to have silver than crypto.
This is basically asking is having USD safer than crypto? Of course...
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kjnk, thank you and you are correct
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Silver is a store of value to preserve wealth.. Crypto is a speculative investment more like stock picking..
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Yes more profit in crypto as a gamble
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Absolutely. When I advised people to buy silver it was 7 US dollars an ounce & people didn't think it was a good investment. I told them it was a good mid term hold. When I advised people to sell it was 47 dollars an ounce. Much of my reputation as a smart investor came from that moment.
And now I say the same about Rhodium & Lithium.
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Silver seems a safe bet, but need a safe place to store it
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Thank you for sharing this info, I'm following you! ^^
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Thank you, following you as well.
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want to Invest in crypto currencies read here to get high returns https://steemit.com/cryptocurrency/@maheshmnj/think-of-investment-think-elect-capital
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Thank you, I will take a look
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