I admit that gold is really tested when it come to investment and Bitcoin is full of risk.
either way it's people choice and way of investing, so if they know the pros and con but they want to proceed, then it's okay.
They just need to know the risks
Topic: Will Bitcoin really be a safe haven? (Read 143 times)
Not sure what banks you're using, but my bank doesn't sell gold.
Definitely no bank in my country sells gold. That's kind of become a thing of the past--many years ago you could trade in gold certificates for gold coins in the US, but I think that's the last time retail banks ever dealt in gold. Gold and silver have long been considered safe-haven assets, and there's no debate about that. Metals tend to be much less volatile than stocks or other investments, and they're supposed to keep up with inflation (though that's questionable IMO). Bitcoin is not even close to being a go-to investment when the economy goes on the roller coaster. It's probably more volatile and more at risk of crashing than any stock index I know of. If for some reason there's a global financial crisis, I highly doubt investors are going to be running for bitcoin.
Something is abrew, I think. Gold and silver have gone up quite a bit in the past few weeks. Silver was stuck at around $15 for a long time, and right now it's over $17/Oz. It's still cheap, but it hasn't seen that much of a rise for quite a while. Don't know exactly what's going to happen, but I bet the big-money investors are anticipating some sort of crisis.
Gold keeps growing in value, and there is some fluctuations in the market value experienced over the past few days. This never going to be a same as bitcoin in terms of the volatility. The world market has been experiencing hard recession. Many countries experience the decline in the money value with reference to usd. Bitcoin is high riskier than these gold investment, but compared to its early days now bitcoin too gained importance to some extent as a safe haven of investment.
What I see about gold is that you can actually invest in it , it is relatively stable. For bitcoin, it longtime storage isn't really predictable. I can agree that it is more situatable for trading and turning out profit on a short term.
Not sure what banks you're using, but my bank doesn't sell gold.
Definitely no bank in my country sells gold. That's kind of become a thing of the past--many years ago you could trade in gold certificates for gold coins in the US, but I think that's the last time retail banks ever dealt in gold. Gold and silver have long been considered safe-haven assets, and there's no debate about that. Metals tend to be much less volatile than stocks or other investments, and they're supposed to keep up with inflation (though that's questionable IMO). Bitcoin is not even close to being a go-to investment when the economy goes on the roller coaster. It's probably more volatile and more at risk of crashing than any stock index I know of. If for some reason there's a global financial crisis, I highly doubt investors are going to be running for bitcoin.
Something is abrew, I think. Gold and silver have gone up quite a bit in the past few weeks. Silver was stuck at around $15 for a long time, and right now it's over $17/Oz. It's still cheap, but it hasn't seen that much of a rise for quite a while. Don't know exactly what's going to happen, but I bet the big-money investors are anticipating some sort of crisis.
All banks sell gold and you also have jewelry shops but if you don't want to go for physical gold, just use your stock broking account to buy ETF. It's as simple as that! Buying crypto requires some amount of technical knowledge but for Gold, it has been made accessible for the mass!
Not sure what banks you're using, but my bank doesn't sell gold. They do offer insured services to store your gold and other valuable goods for you, but that's about the closest they come to actually dealing with gold.As for the crypto part, most newbies who end up using Coinbase never withdraw any of their cryptos. What knowledge is required when these people just want to speculate on the price and leave everything in their account?
The only thing I do somewhat agree with is that there are physical stores where you can walk in and buy gold, but mostly there are limits in place as to how much gold you are allowed to buy legally without ID verification.
Quote from the article,
Gold is much more accessible than any other precious metals or any other cryptos. I seriously don't know why you have personally faced such issues. It looks more like a knowledge gap than actual issues. All banks sell gold and you also have jewelry shops but if you don't want to go for physical gold, just use your stock broking account to buy ETF. It's as simple as that! Buying crypto requires some amount of technical knowledge but for Gold, it has been made accessible for the mass!
Quote
One of the problems I have personally faced when looking at Gold was the accessibility; do I go through my bank’s brokerage? Why can’t I see it on my trading app? Do I use an ETF? Where do I even keep it?
Gold is much more accessible than any other precious metals or any other cryptos. I seriously don't know why you have personally faced such issues. It looks more like a knowledge gap than actual issues. All banks sell gold and you also have jewelry shops but if you don't want to go for physical gold, just use your stock broking account to buy ETF. It's as simple as that! Buying crypto requires some amount of technical knowledge but for Gold, it has been made accessible for the mass!
Gold is a battle tested safe haven, Bitcoin unfortunately isn't.
We summarized the benefits and pitfalls of investing in Gold vs. BTC and some interesting ideas on how you can leverage the upcoming potential dip in the economy.
Some points
1. Accessibility is one problem when trying to invest in Gold
2. It acts as a hedge against inflation
3. People compare it to Bitcoin although they're very different things
4. How will Fed changing interest rates impact the price
Link to complete article
https://medium.com/xp-invest/gold-pricing-and-trading-with-bitcoin-fdc08b617e80
Our webiste: xpinvest.io
We summarized the benefits and pitfalls of investing in Gold vs. BTC and some interesting ideas on how you can leverage the upcoming potential dip in the economy.
Some points
1. Accessibility is one problem when trying to invest in Gold
2. It acts as a hedge against inflation
3. People compare it to Bitcoin although they're very different things
4. How will Fed changing interest rates impact the price
Link to complete article
https://medium.com/xp-invest/gold-pricing-and-trading-with-bitcoin-fdc08b617e80
Our webiste: xpinvest.io
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