In this segment, we will discuss Gold Bullion vs Crypto Currencies. Unfortunately, I was one of those who ignored cryptocurrencies in the beginning. For a lousy few thousand bucks, I could have made millions. At the time, I had my head in the sand regarding cool, easy ways to get rich. As the years passed and Bitcoin entered the stratosphere, I still struggled to wrap my head around cryptocurrencies. Then it hit me like a left hook to the tater; cryptocurrencies aren’t going away anytime soon.
With the global population near 8 billion, we have outgrown the practicality of the USD. Blockchain technologies have opened up a new frontier with its crypto exchange and wallet (where you store your cryptocurrencies online). Stablecoin, on the other hand, is a type of cryptocurrency backed by something of value, such as fiat currencies (see the USD) and exchange-traded funds with actual precious metals holdings.
Currency as we know it will eventually no longer exist (sooner than you think!) and become obsolete. In a nutshell, the world is going crypto! Once you go crypto, it’s time to wear the big boy pants. There is no FDIC to insure your investment. There are, instead, major players who control the value of the crypto, the assets that back it, and the technology behind it.
What guarantee is there that a cryptocurrency can’t poof and your money is gone? After all, the trillion-plus US dollars that have moved into cryptocurrencies were fairy dust in the first place, right? If the USD were 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 cryptocurrencies?
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 to a much more low-key existence when compared to cryptocurrencies but has been used as a hedge against fiat instruments of wealth for thousands of years. In short gold bullion is boring because 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 how 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 being in the driver’s seat, certified investment-grade gold bullion is a fantastic way to protect your assets.
Cryptocurrencies are the future of commerce worldwide. There are many different crypto currencies that offer a certain degree of stability and those that are more speculative. Please go ahead and do your homework.
Gold bullion is the standard bearer of 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.