Commodities Gold/ Silver

[zeingrind777]

Yes, gold and silver are alternative commodities that have physical forms. The advantage of investing in gold is that it can be used as jewellery such as necklaces, rings, bracelets etc. Investing in precious metals is as important as investing in crypto.

[mornabo]

We all know that Cryptocurrency will be big in 3 to 5 years time. However do you believe that gold and/ or silver are alternative investments as well?

Discuss

Of course even in some Middle Eastern countries, gold is a main commodity and even the recommended currency to used because the price is stable and avoids from inflation, if you want to keep the value of your money, keep it in gold, but if you dare to take risks, then you can trying to invest in crypto

[Ludmilla_rose1995]

Yes, I believe that gold and silver are also alternative commodities that can also be traded. Their prices are also more stable than crypto currencies. I think gold and crypto have the same properties but have differences that are not too far away

[Ponti]

I would say gold, but there is a "little problem" with gold. It is very hard to store it and keep it secure. Unless you are building a bunker ,your only option will be Gold ETFs, I could say that those things work and can bring you profit, but the situation with them is very similar to what is happening on crypto market now - too many project, and only a few have future.

[cellard]

I would say gold, but there is a "little problem" with gold. It is very hard to store it and keep it secure. Unless you are building a bunker ,your only option will be Gold ETFs, I could say that those things work and can bring you profit, but the situation with them is very similar to what is happening on crypto market now - too many project, and only a few have future.

But by using an ETF you are defeating the only strong point that you could make of it against Bitcoin: that it is a physical thing that you can own... some people need that peace of mind, for the thing to be tangible. However it's very clear that the fact that Bitcoin is intangible is a strong positive against gold, but goldbugs have a hard time understanding this fact, specially old people, there's no way to convince them otherwise.

The only one point I could make about gold is that it's more stable against Bitcoin, but this also has another side to it: The fact that it's more stable, means that it's harder for it to go up, whereas with Bitcoin since it's still tiny, the second big money comes in we are going to $250,000+

So all things considered, I wouldn't bother with gold, track record doesn't look good, and future wise it's not at all attractive compared to Bitcoin.

[andrei56]

We all know that Cryptocurrency will be big in 3 to 5 years time. However do you believe that gold and/ or silver are alternative investments as well?

Discuss

If you have the money to invest in both of those markets then it is a good idea to do it, gold and silver have been valuable for a very long time and their value is recognized all over the world, so you cannot go wrong by investing in gold and silver, just remember that it is not likely that you are going to get the same amount of profits that you can get in the market of cryptocurrencies and that the amount of time you need to hold them to get profits is longer as well.

[Bitfling]

Yes, gold and silver are alternative commodities that have physical forms. The advantage of investing in gold is that it can be used as jewellery such as necklaces, rings, bracelets etc. Investing in precious metals is as important as investing in crypto.

Gold and Silver already known for centuries. For Old People, Gold and Silver is good investment and they keep their saving in precious metal. Precious metal more resistant than inflation and i am believe bitcoin will be favorite investment beside gold and silver in the future

[patarfweefwee]

Gold is not just used as an accessory anymore like back in the day. Gold now proved to be an excellent conductor and is used widely in electronics. It is especially true in the vaping industry where firing pins in atomizers are gold plated. Other than that, gold is a tried and tested backing of currencies and more are mined everyday.