Why Gold is looking like a bargain to me right now...
Gold is a steal right now..
I feel im probably preaching to the choir here - but gold just seems like such a bargain right now.
We are currently under the 2011 peak gold price, and well under the recent current highs - Get we are experiancing some of the most rampant inflation seen for years.
The price of everything else is going up rapidly in real terms - food, gas, lumber, cars, yet here gold sits stable.
In previous times of high inflation more people turn to gold. I feel its just a matter of time before that happens again, this low interest high inflation enviroment cannot go on for much longer.
Somethings going to come to happen in a big way - Historically gold is the thing to hold for when that happens.
Have we reached a point where gold has lost its sparkle and crypto is what people will turn to? or will people return to the trusted commodity of thousands of years. Thats up to you to decide.
I Believe having Gold, silver and Crypto so that way I have all he off-grid bases covered.
Happy Holidays! @madstacks
Many thanks @kerrisravenhill ! Happy holidays to you too:)
I think it's best to have a big percentage of your holdings in gold. The gubment is not a fan of other digital currencies. If they drop the bomb on cryptos with more taxes and regulations who needs them?
Posted Using LeoFinance Beta
Thats a very valid point.
Gold and crypto having them in stock and in investment Portfolio will be the best decision one will thank itself he make
Yes i agree, stocks should not be forgotten neither!
Dear @madstacks,
The current HiveBuzz proposal will expire in a few days.
Do you mind supporting our proposal for 2022 so our team can continue its work next year?
You can do it on Peakd, ecency, Hive.blog or using HiveSigner.
https://peakd.com/me/proposals/199
Thank you. We wish you a Happy New Year!
Gold is an asset that must people love to have because it does not reduce in value instead it increased and you don't need any educational knowledge to do that, just buy and keep after sometime you can sell when you feel like while cryptocurrency is just gaining ground and it requires some basic knowledge to be able to handle it safe which some people are still learning. With time we will know what people will run to during this period.
I think investing in both gold and crypto will go along way to help at such a time as this.
I think Gold is still a valid option, it just depends what we see in the future. The states of Russia and China have bought gold to legitimize their upcoming new banking system that is supposed to rival the swift. However western countries have been giving away gold like it is toxic waste they need to get rid off.
So if you think China and Russia become more relevant go for gold, if you think Europe and the States will even have more influence/power in 20 years go for Crypto. At least that is my uninformed guess.
Also Crypto might be something rather temporary while gold will have value in 50 or 200 years almost guaranteed.
Thats a really good point re Russia and china, I have also heard about that - Have not personally looked into it yet but you are the second person to mention it.