The one thing that amazes me is how crazy everything has become.
I think that crypto currency is going to be around for a long time, just like the dollar has become,
So many people have become so entwined into the belief that is exactly based on the same principle that has backed the dollar, NOTHING!
Once we drifted away from the Gold standard the dollar took a nose dive.
My point is simple, if you want to invest into crypto currency, there is a lot to be made, but it is the same as investing into the dollar, because it is rated to the dollar, does this make sense?
I believe you could invest in something that you actually have, something tangible, a hard asset.
I say find a safe haven and buy gold and silver.
As far as crypto, I will say this, it is worth investing into, but beware, a lot of pump and dumps going on.
This is one of the BEST videos put out by The x22 report,
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Thanks for sharing
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This is a very sound argument in favor of diversifying your assets. Gold and Silver are tangible and stable. Cryptos have a place so invest, but be aware. Invest in both positions to diversify.
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Well said.
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I love every x22 report video! I'm more in favor of silver than gold with the ratio being so high right now (in my opinion, who knows if we'll ever see it lower) and my two cents on cryptos: still a speculation more than an investment but with everything being on sale as it is I've started putting about half my weekly silver budget into the big three but I'm keeping a close eye on them and won't get too attached
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You're right on the money! I couldnt agree more. I just recently wrote an article on BITCOIN. Please read and upvote!
https://steemit.com/bitcoin/@alt.life/red-wedding-bitcoin-is-over-already
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I have been looking at Peter Schiffs goldmoney recently i may soon start investing in to gold. Thanks for sharing
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I wish I could think and answer a questionas fast as Peter Schiff.
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You won't regret.
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During a famine, food and water are the currency
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You are absolutely correct. But one still has to have something to trade with, silver and gold becomes"tangible" where as crypto is , well like the dollar, and the question will be, do I want the gold or paper notes?
First and for most, get everything to prepare you and your family with , food,water, first aid and anything to survive, crypto and gold and silver will be your last resort, but if your fortunate enough to
Be able to have an ample supply of goods, this is where you want to be next!
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Very interesting article, thanks for sharing. Let's hope this is the run up to big movements in silver.
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Gold and silver haven't done very well for the last 5 years. Let's say that 5 years ago a Silver Eagle was $30 and a one ounce Gold Eagle was $1700. If you bought then, you would be down. In contrast, if you bought $1700 worth of bitcoin and $30 worth of litecoin, you would be up substantially. During this time, both bitcoin and litecoin have seen drops of greater than 90%, yet they are up significantly despite the volatility, and 2014 was the only down year.
Personally, I own gold and silver and the cryptos. I doubt, though, that gold and silver will ever make the average investor wealthy. In a best case scenario for the precious metals, gold and silver escalate in price because the global financial system collapses, and the gold and silver bugs then become pseudo-barons in a Mad Max type subsistence existence world. That isn't a world I would hope for.
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Great input Thanks.
They have manipulated and even confessed to manipulating the gold and silver
Let Gold And Silver run wild in the wind and see what comes back.
In the mean time, invest into the best you can in crypto.
Like I said , well worth investing into.
I personally only like bitcoin, etherium
And lite coin, then dash, but with silver so low.... it's so hard to say no.
Make that move, and grab a silver eagle! .😄
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I own a decent amount of gold and silver. Mostly numismatic at this point, but I'll get back to restocking the bullion. I would be doing quite well in a zombie apocalypse.
The thing about manipulation is that if it has worked in the past, it will work in the future. There isn't any reason to doubt that the schemes that have suppressed gold and silver in the past won't be used again. The great thing about crypto, is the central banks will have to come up with new strategies to control the price if they ever even cared about it. In theory, every bitcoin ever mined could be accounted for on the public blockchain ledger. Gold, in contrast, can be endlessly rehypothecated, fractionally reserve lent and naked shorted. If Fort Knox or JP Morgan had bitcoin wallets, everyone would know what's in there. No one, however, really knows what gold is actually in Fort Knox or the size of JP Morgan's derivatives book.
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i don't understand cryp so cant' touch it
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This is a new game for a lot of us, but a game we got to watch and learn.
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