Unfortunately, I was one of those who ignored crypto currencies in the beginning. For a lousy few thousand bucks I could have made millions. At the time I simply had my head in the sand when it came to really cool easy ways to get rich. As the years went by and Bitcoin went into the stratosphere, I still struggled to wrap my head around crypto currencies. Then it hit me like a left hook to the tater, crypto currencies aren’t going away anytime soon.
With the global population near 8 billion we have simply outgrown the practicality of the USD. Blockchain technologies have opened up a whole new frontier with its crypto exchange and wallet, (which is where you store your crypto currencies online). Stablecoin on the other hand, is a type of crypto currency that`s actually backed by something of value such as fiat currencies (see the USD) and exchange traded funds that have actual precious metals holdings.
Currency as we know it will eventually no longer exist (sooner than you think!), it will become obsolete. In a nutshell the world is going crypto! Once you go crypto it’s definitely time to put on the big boy pants. There is no FDIC to insure your investment. There are instead major players who control the cryptos value, the assets that back it, and the technology behind it.
What guarantee is there that a crypto currency can’t go poof and your money is gone? Afterall, the trillion plus US dollars that has moved into crypto currencies was fairy dust in the first place, right? If the USD was truly legit, we would not be having this conversation but be that as it is, we are. After you connect the dots and get down to the brass tacks, do you see yourself parking your life savings into crypto currencies?
So, what does that mean for gold bullion and where does it stand? Why do all the central banks and major players have so much of it? It leads a much more low-key existence when compared to crypto currencies, but has been used as a hedge against fiat instruments of wealth for thousands of years. In short gold bullion is very boring in that it just sits there and collects dust. No income. No interest and no dividends. And yet people worldwide long for it, but why? Again, because it is boring and that’s just the way people like it. It’s a tangible form of wealth that has withstood the test of time. It’s safe. It`s liquid and it`s private! If you like the idea of being in the driver’s seat, certified investment grade gold bullion is a fantastic way to protect your assets.
Crypto currencies are the future for commerce worldwide. There are tons of different crypto currencies, those that offer a certain degree of stability, and those that are more speculative. Proceed with caution and do your homework.
Gold bullion is the standard bearer for wealth and has an unparalleled history. It is the perfect form of money that cannot be created from thin air. It is highly liquid and a great offset for the volatile times we are living in.