What are Steemians are investing in for the rest of 2016?
I will tell you what I am buying, but wonder if you are buying gold/silver/bitcoin/crypto this year as well? If so, which ones?
I am personally looking to stack the following 4 asset classes in 2016 (in no particular order):
Physical gold/silver - I believe in the long term value of physical gold/silver due to globally unsound macro-economic 'governance.' I believe in real money, and I believe this current 'fiat' experiment will be over in <100 years, unless we go back to a gold standard. I think, ultimately, there could be a USD collapse, and in this scenario we would experience $5000+ gold prices, minimum. An inevitable, perhaps even more realistic scenario is also unfolding in the precious metals space, and that is demand that will continue to rise exponentially from China, as the population becomes increasingly wealthy and continues to hoard gold/silver bullion. Not to mention, world banks are also forever increasing their exposure to gold/silver as well. I am also a fan of physical gold/silver, not paper gold/silver. I also like gold mining stocks. FMG in Australia (Fortescue Metals Group) run by Twiggy Forrest (ticker: FMG), just published profits of $1billion - http://www.miningnews.net/markets/profit-loss/fmg-smashes-expectations/. There is a very special characteristic about gold mining stocks that I very much admire, I will explore those reasons in my next post so make sure to follow me if you would like to see that.
Bitcoin - Because Bitcoin.
STEEM POWER - I am going to 'power up' all my investments in Steem into STEEM POWER, from authoring rewards, curation rewards and deposits. I am investing in the long term vision of Steemit, and that is why I am only going to invest in Steem Power (and obviously authoring and curation). I also mine Steem! But my CPU is not so strong, so it is more just for fun than anything!
ETH - I have owned ETH since it was 79c and I continue to support it. I believe it will eventually reach equilibrium with BTC, given enough time. Either BTC will move down a little, and ETH up a lot, or BTC will continue to climb and ETH will reach it, and even surpass it. I am predicting $1000+ ETH within 10-20 years. I believe in this, because I believe that IoT and technology like Raiden+Ethereum will handle trillions of machine-to-machine micro-transactions a day. Not to mention p2p transactions, but I think those numbers will pale in comparison to machine-to-machine 'transfers-of-value'.
Note; I am a little disappointed by the ETH hard fork, but, as the system is still maturing and only in 'beta' phase, I am comfortable with the ETH hard fork for the DAO. I think it had to happen, unfortunately, as much as I was against it. I am happy to hear the Vitalik would be against such moves in the future (not like he has all the control, anyway) and consider this a 'one-off'. I think long term, ETH will not be affected by the situation, much like Bitcoin and Mt. Gox etc.
I love physical gold and silver in particular. I have owned since 2007, and it has been a very good investment for me over that time, as you can see in this chart.
Also, it appears Donald Trumps advisor is calling for a gold standard!? Interesting.
Source: http://fortune.com/2016/08/18/trump-gold-standard-economic-advisor-woman-judy-shelton/
I will continue to try and stack as much bullion and/or numismatics (coins) as I can. It actually becomes a bit of a hobby. Also, I think silver is the place to be. Gold will allow you to retain your current wealth, but it won't make you 'rich'.
Why silver?
I believe silver will eventually make me wealthier, long term, simply due to the fact that it is actually in much less supply than gold, and has industrial use, i.e. it does not just sit around in vaults, and is being used up at ever dramatic rates for industrial purposes, unlike gold, which is used primarily just for jewellery, or to sit around in vaults, as an investment
I love the 1KG bars, which brand do you have? Do you like the Pamp Suisse?
I think the liberty is my favourite coin.
And of course, I love the gold version of this coin too
I am generally a long term investor, and don't really make plays based on short term goals. All of my investment choices are based on a minimum 10-15 year vision.
That is a long time, so to fill the time whilst I wait, I like to mine Steem and watch videos like this...
Monster box porn. It is my current goal to buy one of these!
I love bullion stacking porn and unboxing videos
But really, this post was to find out what Steemians are investing in for the rest of 2016, I have told you what I am investing in, and why, so let us all know what you are investing in this year in the comments below, who knows, just maybe we can help each other make some sound investment decisions in 2016!? :D
p.s - How long until 'steemian' is in the dictionary? I predict 2020.
p.p.s I am also interested by decent.ch - they currently have a bounty on where by following them on social media - twitter, facebook, etc, you receive part of a bounty presale ICO. Their project is also interesting - decentralized file/content sharing.