Lately I have been on a binge buying spree of silver and gold!
I can't get enough of it
Once I get a new pile and add it to the collection
I want more!
I like physical Silver & Gold for a couple reasons.
- It's an investment you can touch and enjoy
- I like having physical wealth
I think having a stash of gold and silver is pretty awesome to look at, and honestly, everyone else (including you) likes to stare at shiny gold coins and silver bars. People have loved gold and silver since the dawn of time.
In fact, you probably already know this, but for most of human existence gold & silver was money
The other reason I like buying these shiny metals is that it's a store of wealth that you personally own. It's sometimes hard to comprehend but, for the majority of people, they have NO physical wealth.
- Most of everything bought today is on credit
Everybody is holding onto massive debt with the belief that they OWN something when in reality it's those creditors that really own it until the principal + interest is being paid off. Unfortunately, at least for my nation, I fear this financial credit debt is so accepted that nearly everyone stretches there debt to the extreme, and at some point everything is just going to kind-of unravel...
Without Americans propping up the stock markets with there credit issued money; the economic "blow-back" will hurt. Most likely devastating those only with "Credit Value", the following term will ring true it's meaning to nearly 95% of Americans...
"Payback is a Bitch"
So, Today I Sold 1/10th of a Bitcoin @ $3,370
(Receiving ~ $350)
And I went to my dealer and bought
- 10 oz Silver Bar @ $170
- 1/10 oz Gold liberty @ 130
- 0.5 gram Gold coin @ $30
Leaving me with 20$ left over!
(U.S. $5 gold liberty)
(Australia $2 Kangaroo)
Looks are deceiving...
That little kangaroo coin is very tiny! ~ 0.5 gram = 0.016 oz
That 1/10 oz coin is around 7x bigger!
But to be completely honest, that little kangaroo coin was my favorite purchase of the day. I think it looks pretty cool and I had to have it for the collection!
As long as bitcoin keeps rising...
I'm buying Gold & Silver with Bitcoin Profits!
Last week I also sold 1/10th of a bitcoin and bought silver and gold.
https://steemit.com/gold/@generation.easy/sold-1-10th-of-a-bitcoin-2-750-bought-all-these-shiny-metals
Thank you for reading my posting on Steemit
If you found this posting enjoyable or useful - feel free to upvote, comment, resteem, or follow me
a bitcoin fanatic and alt-coin enthusiast