I am a gold/silver buyer for an investment company, a proponent of both gold and silver myself, and a believer in bitcoin (NOT litecoin).
To make it easy, if I had $1,000,000 I would invest half in silver. I would buy Monster Boxes of either Maple Leaves or Eagles. Even though you are paying a premium, you can trade as much silver as you want up to 500 times (per box). If you bought say...5 x 100oz bars, you would only have 5 paydays/opportunity for trade.
Of the remaining half, I would put 1/2 into bitcoins and 1/2 into gold if you buy gold NOW. Gold is at an incredible low. Although, it gained $40 since yesterday...so don't waste any time. As far as bitcoins go...I remember some crazy figure in the decline in the value of bitcoins after SR crashed. But, look at bitcoins now-they were (are) more than resilient. I think that the shutting down of SR was one of the best things for bitcoins. Now people are forced to look at their utility in LICIT situations.
Final note: every body will share their advice with you until they are blue in the face. Its your money. Consider opinions, but remember its your call. Good luck!
Topic: Invest in Bitcoin, Gold or Silver? - page 3. (Read 7280 times)
All three.
The current value of gold is kind of a lie...the reason being the Fed pumping billions of fiat dollars every month is fueling the stock market, which continues to rise in spite of the poor economy (the exact opposite of what should happen).
This causes people to put their money into stocks instead of into gold because they think the Fed will continue to print, print, print. You see this when another round of QE goes through - stocks rise and gold falls. The stock market is vastly inflated and gold is deflated because of this.
When the money printing stops (and it will have to eventually), the people who have money in stocks are going to get slammed hard as everyone tries to get out fast. Some will flock back to precious metals, where they really would be if the Fed wasn't printing money like its out of style to prop up the market.
When it comes crashing down, you can keep your dollars and I will keep my gold and silver. We will see who has best maintained their wealth :-)
This causes people to put their money into stocks instead of into gold because they think the Fed will continue to print, print, print. You see this when another round of QE goes through - stocks rise and gold falls. The stock market is vastly inflated and gold is deflated because of this.
When the money printing stops (and it will have to eventually), the people who have money in stocks are going to get slammed hard as everyone tries to get out fast. Some will flock back to precious metals, where they really would be if the Fed wasn't printing money like its out of style to prop up the market.
When it comes crashing down, you can keep your dollars and I will keep my gold and silver. We will see who has best maintained their wealth :-)
all 3.
This is a better diversification.
Bitcoin: 10%
PPcoin: 10%
Litecoin: 10%
Primecoin: 10%
Feathercoin: 10%
Stock: 10%
Property: 10%
Gold: 10%
Silver: 10%
FD: 10%
There....
Bitcoin: 10%
PPcoin: 10%
Litecoin: 10%
Primecoin: 10%
Feathercoin: 10%
Stock: 10%
Property: 10%
Gold: 10%
Silver: 10%
FD: 10%
There....
While I do have some altcoins as diversification, I (personally) would suggest to a) include Namecoin, as it seems to be the most promising alt-coin (even after the recent bug and upcoming hardfork), b) exclude FTC and XPM, as I don't see them as that important/useful, and c) put way less money into altcoins and much more into PMs and Bitcoin. I have like 5-10% of my BTC holdings in altcoins, and am not really sure whether even that is a good strategy.
Gold:
Bitcoin:
Take your pick.
Bitcoin:
Take your pick.
Gold and silver are more longterm.
Good point. If the price of bitcoins skyrockets in the short term (say 5 years or less) relative to precious metals, it's likely a wise idea to diversify some of the profits back out toward other assets. I'm confident bitcoins will appreciate, but I acknowledge that there's a caveat--there does exist the chance of it being rendered obsolete by a better cryptocurrency in the next several years (although the longer it lasts, the less likely the risk of that particular situation occurring.)
The gold and silver ETFs (GLD & SLV) are determining the physical metals price. The amounts of paper silver and paper gold traded per day is many times the amount of physical gold and silver available for delivery. This game has to continue to ensure that the quantitative easing (money printing) appears effective. Do your due diligence, if you believe this to be the case, and you have strong hands, and a long term perspective, then gold and silver appear very attractive as an investment and as a store of value. Comparing charts of metals to btc does not correlate due to this, availability, desirability, popularity, and quantity. Gold, silver, bitcoin - all are equally attractive, in different ways and scenarios.
Never understood why such business practices are allowed. It's just plain fraud that only a select few can perpetuate. Any normal person who tries to sell "fake" goods that they don't have will go to jail plain and simple.
To answer the author: I am no economist and have been wrong before but in the short term Bitcoins is the best bet for a hefty return. There have been a string of good news pushing the price higher and higher. And now there is no Silkrd (SR) to be hacked causing prices to fluctuate. The fact we are having a huge rise after SR was taken down is unbelievable good news.
Gold and silver are more longterm. People might flock to them more as the economic uncertainty increases.
Gold and Silver have been stores of wealth for thousands of years. Nothing has changed.
Good to have all three. Start with gold and silver first. Those are sure things. But put at least some of your nest egg into Bitcoin just in case it goes mainstream and rockets upward in value.
Good to have all three. Start with gold and silver first. Those are sure things. But put at least some of your nest egg into Bitcoin just in case it goes mainstream and rockets upward in value.
This is a better diversification.
Bitcoin: 10%
PPcoin: 10%
Litecoin: 10%
Primecoin: 10%
Feathercoin: 10%
Stock: 10%
Property: 10%
Gold: 10%
Silver: 10%
FD: 10%
There....
Bitcoin: 10%
PPcoin: 10%
Litecoin: 10%
Primecoin: 10%
Feathercoin: 10%
Stock: 10%
Property: 10%
Gold: 10%
Silver: 10%
FD: 10%
There....
Any thoughts, thank you?
I'd suggest buying some more Bitcoins and using them to acquire gold and silver for BTC. This way you're empowering the Bitcoin economy and diversifying at the same time.
Diversify between Silver and Bitcoin (and altcoins if you are ballsy)...
Safest bet is to invest in all three, in the proportions one feels reflect the relative risks. Higher risk of loss = smaller investment percent-wise.
I've already got a small amount of each, but were I to suddenly have a lot to invest, my view of the relative risks (over the long term; 10 years minimum) would be like so:
Bitcoin - 30%
Silver - 50%
Gold - 20%
Thanks to all.I've already got a small amount of each, but were I to suddenly have a lot to invest, my view of the relative risks (over the long term; 10 years minimum) would be like so:
Bitcoin - 30%
Silver - 50%
Gold - 20%
Your figures are about what I was thinking.
I am frustrated at the moment waiting for funds to transfer. Possibly banks are dragging the chain to keep funds as long as possible, a little scary, especially as you do not own your money in their bank.
Bitcoin - 30%
Silver - 50%
Gold - 20%
Silver - 50%
Gold - 20%
This is good. I would follow that if I were just starting out
Not bad.
Gold is heavily manipulated market.
Jim Rickards pretty much nails it here:
https://www.goldbroker.com/news/interview-james-rickards-about-central-bank-manipulation-gold-silver-markets-346.html
The ETF is being used to drive price down - possibly so that the shipments to the sovereign funds can be managed, as it seems to have started contemporaneously with those demands.
Bitcoin - 30%
Silver - 50%
Gold - 20%
Silver - 50%
Gold - 20%
This is good. I would follow that if I were just starting out
Safest bet is to invest in all three, in the proportions one feels reflect the relative risks. Higher risk of loss = smaller investment percent-wise.
I've already got a small amount of each, but were I to suddenly have a lot to invest, my view of the relative risks (over the long term; 10 years minimum) would be like so:
Bitcoin - 30%
Silver - 50%
Gold - 20%
I've already got a small amount of each, but were I to suddenly have a lot to invest, my view of the relative risks (over the long term; 10 years minimum) would be like so:
Bitcoin - 30%
Silver - 50%
Gold - 20%
Gold:
Bitcoin:
Take your pick.
Bitcoin:
Take your pick.
You are hesitating between metals and a currency. I think you just can't compare them, they have different purposes.
can't go wrong with silver.. but gold & bitcoin requires perfect strategy
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