Gold vs Cryptocurrency; Which Is The Smarter Investment?
If you are new to the world of Cryptocurrency we highly recommend reading THIS primer before considering an investment
Cryptocurrency is a new and exciting thing that many investors are interested in exploring. However, most are wary of the many possible pitfalls. Gold, on the other hand, has been traded throughout the world for thousands of years and has proven its reliability.
This begs the question, what would you want to invest in cryptocurrency when gold has proven its worth time and time again. There are a few reasons why you might want to add cryptocurrency to your investment portfolio. First being, fast and easy. Within minutes you can log on to a website or download an app and purchase cryptocurrency. Popular currency at the moment includes Bitcoin, Ethereum, and Litecoin. With cryptocurrencies, you can purchase, sell, and have the money deposited bank into your bank almost instantaneously.
As is the case with gold, the market fluctuates based on supply and demand. Similarly, one should not buy more than one can afford to lose.
Gold conversely, is a precious metal and has been used by mankind as a means of trade for virtually all of recorded history. Gold has staked it’s claim in the world and does not appear to be going anywhere. Gold has a myriad of uses such as manufacturing and technology and is sought after for its beauty in the form of jewelry and art. Gold is sure never to lose its intrinsic value and is widely regarded as a sound long term investment.
So what are your thoughts? Will you invest into cryptocurrencies or stick to Gold?