A Goldmoney Holding is similar to an online bank account, except instead of your balance being denominated in your local currency like the dollar or the lira, it kept in grams of gold.
You own gold held in a physical vault of your choice that you can redeem, save, spend or transfer.
Goldmoney has a guide for new investors. You can see the whole guide here: https://www.goldmoney.com/precious-metals-guide-for-new-investors
With the extreme global economics events that are currently happening, this is a great time to review why it is important to own gold as part of your overall portfolio.
We will use the Guide to help us do that.
Let’s start with the very basics:
There is no better way to highlight how gold preserves your purchasing power than to look at how things priced in gold have remained very stable vs things priced in fiat.
Here is an unfortunate modern example of how this works using the price of an egg in bolivars:
https://mobile.twitter.com/GoldTelegraph_/status/1029106649322074113
The above is not some historical example from a time before iPhones, Twitter, and Steemit.... this is happening right now in Venezuela.
This next chart uses a longer time period to show how gold can protect you over the course of your lifetime:
I can’t think of many better examples to show the stability of gold vs. fiat .
Finally, here is one more chart that explains gold vs other currencies and how longer term... gold always wins!
If you think those charts are interesting, take a look at gold vs the Turkish Lira in the past week, and vs. the Venezuelan Bolivar over the last year.
The point is that sometimes gold protects you gradually, and sometimes it protects you acutely... but over time, it ALWAYS protects you.
These are a few of the reasons to own a Goldmoney Holding! There are many other reasons ( including the most secure way to own crypto! ) but given the events of the past few days in emerging markets I think it’s important just to understand this:
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
Earn $5 in Mene credit for signing up for Mene with this invite link:
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
To find out more about what Menē 24 karat gold and platinum investment jewelry is from your fellow Steemians :
https://steemit.com/steemit/@goldmatters/what-in-the-world-is-mene24k-35-well-researched-blog-style-essays-contest-winners
Or
https://steemit.com/mene24k/@goldmatters/what-is-mene-24-karat-platinum-and-gold-jewelry-valentine-s-day-gift-winner
To find out more about what Goldmoney is from your fellow Steemians : https://steemit.com/contest/@goldmatters/what-in-the-world-s-goldmoney-winners
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
For Menē 24k investment jewelry here: http://Mene.com/invite/JrT26p
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
All images sourced from Menē and Goldmoney.
Read more about Goldmoney: https://steemit.com/@goldmatters
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