Bitcoin, Gold and Silver

4년 전

Gold and Silver have not done much the last few years. I think it is safe to say Gold and Silver are about the only thing that has not gone up in the last few years. I feel Gold and Silver are Gods money. It is spread over the earth but is rare . Its been used as money for 5000 years. People say there is not enough Gold and Silver to use as money. That would depend on the price . Gold has some amazing properties . The thing to remember is buy low and sell high. Not much downside in Gold and Silver right now. The general equities are high and have been for some time. Some Crypto's have been crazy to the up side. Could it continue ? Sure , as long a people chase it up. I heard the other day 1000 people own 25 percent of all Bitcoin. Good for them. I remember when Bit coin were something like .25 cents or less and some guy was trying to drive across the country using bit coin. He was asking people to trade some gas money for his bit coins. I don't know if he made it. Point is , we use currency as a uniform way to barter for goods and services. If you want to hold your wealth in Bitcoin or other Crypto that is your choice to make. Some like Gold and Silver and others, land or even automobile's . I guess the point I am trying to make is , you have to decide for yourself because you are the one who has to live with the decision . Good or bad . I also will say this post is not financial advise. Just some friendly opinion from an old guy who has done OK but has the scars from the school of hard knocks.
I do own a small bit of crypto but it's not my thing. If I didn't back up the truck and buy Bitcoin when it was .25 cents for a bitcoin do you think this old guy is going to pay $14,500.00 ? Not in your life. But that's me . Remember the old Wall Street sayings " Bulls make money, Bears make money , Pigs get slaughtered" . Or "When you know you're right sit tight." Just remember you are the one who gets to live with your decision .
All the best.
Tin Pan

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