Gold and silver before crypto #currencies is all about retaining your precious CAPITAL (i.e. your strategic reserves).
Strategic capital allows you to stage a come back into crypto if an investment turns bad.
Crypto currencies require initial and average-in buying, to establish a sizeable stake.
If mistakes are made in my crypto selection, or a crypto allocation turns bad (i.e. left bag holding), gold and silver provides the assurance of staging a comeback.
I (possibly like you), get easily over excited about a crowd sale or initial public offering. I'm often unsure about the initial stake size. Early ICO discounts cloud my thinking.
All-in on any particular coin or #ICO can be deliciously exciting if the return is say 10x or 20x (but loosing your shirt means there may be no #gold or #silver to back-up).
I have a small collection of ready gold and silver bars to keep a balance (anchor) in my portfolio diversification.
Because it takes a day or two to sell the gold and silver reserves, time-out is essential for me.
How do you secure or anchor your #crypto investments?
Hi solidgold
Yes, don't forget your Platinum 😊
bullionstackers
I have gold and some silver as well. Not only as an anchor but also because if the dollar was to plunge I could pay the rent
I keep gold and silver in a sor of moving ratio of #investments to balance the weights. Like you I also #trade or sell the gold/silver to pay the rent, and then buy back when gold or silver is cheap, to rebalance the #money value?
Hi Solidgold,
Great post - I too set aside some into Gold and Silver whenever I can.
My experiences is that it is as "liquid" as you are going to get, but it can be hard to sell quickly unless you are willing to sell at or below the spot price..
I think it is good to look at both the Gold, Silver, of course Platinum @bullionstackers haha and now the crypto-currency markets
:)
That's as good a rationale for holding/swapping some precious metals as I've heard in a while. The gold-peddling YouTubers really promote them as money after-the-crash, but c'mon, we live in an Internet connected world and governments and business are NOT going back to barter with gold coins. They're more likely to ban cash and PM's altogether IMO. That means crypto of either the open source or government variety is what will be used for commerce. Junk silver etc might have a role in a black market economy in a SHTF scenario, but probably second fiddle to guns, ammo, whiskey, antibiotics, weed, tampons, and toilet paper.
Gold and Silver are physical and people feel more secure holding on to something tangible in their eyes.
I would go for Solidgold like yours name
Also would go for solid silver all in Bullions form
bullionstackers
SInce gold and silver has a longer history and will always be money to many, in the in your hand idea, everyone should start with it.
Funny as I have been watching the netflix "The Last Kingdom" and they are talking about how many pieces of silver is required each episode. 400 Pieces seems to be their wealth factor.
But then when people are no longer able to get it (coming soon),they will dive into crypto's, to too must we. The recipe is sound... with two missing aspects even before gold and silver; food (water included), protection method, then silver/gold, crypto's. I place the crpto well above the metal miner stocks... although after secure why not try to tap into 3-4 digit gains.