Most Secure Currency to Hold Funds - page 5.

maku

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Quote from: TraderCal11 on December 12, 2016, 01:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

You haven't studied gold price charts do you? Of course that gold won't become useless but it is still commodity susceptible to rapid price shifts.

Prices of gold (per ounce):

June 14, 2007 - $650
March 11, 2008 - $980
September 5, 20011 - $1899
December 15, 2015 - $1060

And the current price of gold as of March 24, 2017 is $1,251.10 per ounce. Gold is not stable as many people might think.

Source: http://www.macrotrends.net/1478/gold-prices-10-year-daily-chart

mastermold

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If you are scared that bitcoin may losses it's value then I suggest you to go for gold. In terms of risk gold has an edge over bitcoins. Bitcoins are good to invest as it can have a skyrocket increase but gold are slow to increase. Or you can have a diversified investment plan. You can go for both bitcoin and gold.

JengoFF_n0

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Money should be distributed between dollars, gold and bitcoins. This scheme of investment will allow to stay with minimal losses in case of collapse. You can also consider real estate as an investment.

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Quote from: molsewid on December 19, 2016, 08:24:42 AM

it will be good for your funds if you put it all on bitcoin also your assets because you know bitcoin is currently running and almost near on $1000 barrier so if you put it right now im sure you will get more profit than you're expecting if you put your money on a bank its also secured but you wont get a high profit with it.

yep it will be a good option for you, but if you want to have money, then you can withdraw your bitcoin into fiat. i think if you have 100 bitcoin, then you withdraw 50 bitcoin, you can have $40,000 in fiat if you calculate the price of bitcoin by $800, then the rest you can hold it to waiting for the increase the price in future and we know that the price will be up.

molsewid

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it will be good for your funds if you put it all on bitcoin also your assets because you know bitcoin is currently running and almost near on $1000 barrier so if you put it right now im sure you will get more profit than you're expecting if you put your money on a bank its also secured but you wont get a high profit with it.

Xester

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Quote from: Shenzou on December 18, 2016, 05:28:29 PM

If you are trying to hold the funds i would suggest that you keep them as bitcoin that way they will grow even more until you need to use them , switching to gold will make them will add to their value but slowly , and switching them to USD is just a waste since you are not planing on using them, they are just better off in bitcoin as they are.

Diverse investment is much safer rather than putting it all in bitcoins. Don't keep your eggs on basket as the saying goes which is applicable to any kind of investment online and offline. Gold is a good thing to invest with, the price of gold over the years has changed it has inflated compared to 20 years ago, dollars on the other hand has increased in value after trump won the election.
So its best to invest some of your bitcoins but not all in other investments.

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I think it's time to get out of fiat currencies and stocks. They are pumped up artificially. Check out the various physical metals and the types of investment. Gold and silver coins in the UK are free of VAT and CGT, but they have a slight premium as a result. Platinum has not been doing so well, and isn't traded as freely. Copper is an interesting speculation for the future as the price of other metals increase.

My suggestion for speculative investment is silver coins. You are unlikely to lose over the medium term, and it may offer a higher percentage increase over gold. They may also become a currency as fiat currencies fail.

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Quote from: manbitcoinlover on December 18, 2016, 05:37:36 PM

I am not suggesting anything to you, just giving my personal opinion. Currently for me, the Swiss Franc is the most secure currency in the world. Switzerland is a country that is not plagued by war, the Swiss guards the pope, it is the most secure. But, I do not think there would be any problems holding funds in USD or CAD. Also, gold is not a bad idea, the price of gold has been on a steady increase

How long ago did you check the price of gold yourself?

In respect to most secure currency to hold funds in, the OP obviously means most inflation risk-free currency, not secure, since secure mainly refers to a currency resistance against being counterfeited. In this way (inflation wise), there are no secure or safe currencies to keep funds in. If we are talking about fiat, you essentially trust yourself and your funds into the hands of the government which issues that currency. If we are talking about Bitcoin and other cryptocurrencies, you are in the power of an even greater number of random forces

manbitcoinlover

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I am not suggesting anything to you, just giving my personal opinion. Currently for me, the Swiss Franc is the most secure currency in the world. Switzerland is a country that is not plagued by war, the Swiss guards the pope, it is the most secure. But, I do not think there would be any problems holding funds in USD or CAD. Also, gold is not a bad idea, the price of gold has been on a steady increase.

Quote from: Shenzou on December 18, 2016, 05:28:29 PM

If you are trying to hold the funds i would suggest that you keep them as bitcoin that way they will grow even more until you need to use them , switching to gold will make them will add to their value but slowly , and switching them to USD is just a waste since you are not planing on using them, they are just better off in bitcoin as they are.

Shenzou

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If you are trying to hold the funds i would suggest that you keep them as bitcoin that way they will grow even more until you need to use them , switching to gold will make them will add to their value but slowly , and switching them to USD is just a waste since you are not planing on using them, they are just better off in bitcoin as they are.

nara1892

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Quote from: TraderCal11 on December 12, 2016, 01:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

in fiat I think. I have my own small bank in home. I save my money in it now and I save the other money in another place.
I do not have gold. I have ever had a few gold in pendant, but I lose some of them. so I never buy gold then.

bitbob82

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Quote from: raven7886 on December 18, 2016, 01:12:42 AM

The gold is always the safest Option to store your wealth. the value of gold will stable always. but there is some more good options also which I've been thinking to spend my wealth there.. like Real-State.. if you put your money in Lands and Real-state your wealth will never decrease but it will increase after time to time..

but i will only suggest you to put your all assets in bitcoin, because from bitcoin you can get double disadvantage, one is that you can keep safe your money in bitcoin and second is that bitcoin can give you a good profit as the price of bitcoin is continuously increasing.

dhampir-D

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If you want to hold funds in another asset, besides Bitcoin, I think Gold may be a viable solution, better than usd. The problem is that you will have a higher cost to store, in addition you can not use gold directly to buy things, unless you use some digital token associated with gold.

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Quote from: TraderCal11 on December 12, 2016, 01:14:30 PM

I have many bitcoins I'm wanting to cash out, but I'm debating whether I should do it for gold, or for USD. The possibility of the bitcoin price crashing scares me, whereas it seems impossible for gold to lose all value.

What do you hold the bulk of your wealth in?

i think you can do it by selling your bitcoin and buy gold as you can have two kind of investment that will work properly to you, beside that, we already know that bitcoin will be reach the high price and the gold is another investment which is stable than any other investment. its a good option for you so you can have a good profit in middle until long term.

Seansky

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If I were you I will go divide what I have into usd and gold. I will cash out 1/4 of that bitcoin I want to cash out to usd and spend some to buy daily needs and of course buy what I want. I will cash out the rest in gold since for me gold is the safe haven of all currency here on earth since it has been used as a currency since ancient times, and still have value till today. That way you won't have to choose between USD and gold.

raven7886

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The gold is always the safest Option to store your wealth. the value of gold will stable always. but there is some more good options also which I've been thinking to spend my wealth there.. like Real-State.. if you put your money in Lands and Real-state your wealth will never decrease but it will increase after time to time..

Factmine

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Quote from: The Sceptical Chymist on December 17, 2016, 09:14:04 PM

The bulk of my 'wealth' is in stocks. It always has been--bitcoin is kinda new to me and I'm not certain how it's going to turn out. I'm fearful of putting any significant amount of investment money into it. I think the people here who are 'all-in' are a bit crazy. But then again, fortune favors the bold, does it not? Sometimes you have to take big risks to reap the big rewards. I just don't have the cubes of brass enough to go all in myself.

I guess that's true, fortune favors the bold. But I think the bold ones that fortune favored in Bitcoin has been long ago. Like probably since 2009 when they all supported a system that is so bold and new. Those who were able to get plenty of bitcoins and able to keep it till today. They probably are millionaires by now. Right now, I don't think bitcoins will turn out to be as promising as before.

clickerz

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Quote from: The Sceptical Chymist on December 17, 2016, 09:14:04 PM

The bulk of my 'wealth' is in stocks. It always has been--bitcoin is kinda new to me and I'm not certain how it's going to turn out. I'm fearful of putting any significant amount of investment money into it. I think the people here who are 'all-in' are a bit crazy. But then again, fortune favors the bold, does it not? Sometimes you have to take big risks to reap the big rewards. I just don't have the cubes of brass enough to go all in myself.

That is good also since companies are also earning then you stocks also appreciating in value. It s good that you select a "blue chips" or proven stable with so much assets. For me, I am about to invest in equities, though its quite risky but I have also balanced fund to back up

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The bulk of my 'wealth' is in stocks. It always has been--bitcoin is kinda new to me and I'm not certain how it's going to turn out. I'm fearful of putting any significant amount of investment money into it. I think the people here who are 'all-in' are a bit crazy. But then again, fortune favors the bold, does it not? Sometimes you have to take big risks to reap the big rewards. I just don't have the cubes of brass enough to go all in myself.

MMA

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Quote from: erikalui on December 15, 2016, 11:08:34 AM

Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

yes agree with you that gold is one of the most secure currency of the world, but if you are thinking about profit,you want to invest your money in such place from where you can also manage to get some good profit then you must invest your money in bitcoin where your money is not only remain safe but also give you a good profit after some time.

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