You are viewing a single comment's thread from:

RE: Diversify your investments – Stocks

in LeoFinance3 years ago

If you want to preserve wealth, precious metals are fantastic. There's a reason we call something 'the gold standard'. Gotta hold it yourself though; just like keys.
If you've never dealt with silver bullion, give it a try. Buy a bullion bar, and just hold it in your hand.
Fiat coins will never feel valuable again. They feel light and tinny.

Posted Using LeoFinance Beta

Sort:  

Great tip! Thanks. But what I learned is that gold is highly valued when a big economic crisis occurs. However, over the centuries, its value has remained more or less stable, while companies have much greater growth potential. In this sense, gold and silver would be more focused on the objective of a store of value.

Posted Using LeoFinance Beta

True. So stack crypto to get rich; and stack metals to avoid getting poor.
Leave the fiat nonsense behind :)

You are right, that's why in addition to crypto I invest in companies as a partner, owning a small part of the company, so there is real value, which is different from having only fiat money. :)

Posted Using LeoFinance Beta