Hey all,
So in the heat of this ridiculous bitcoin boom, I've decided to look at something a little less stressful and anxiety inducing...That is precious metals.
Yesterday, I went to a precious metals exchange and bought some silver. Why silver? I read a bit about why silver could be undervalued in comparison to gold. However, I believe both are a smart place to hold some of your money. I will likely accumulate both of them, as well as other metals such as platinum and palladium.
I bought a total of 30 ounces yesterday. I consider it a very small amount, and will definitely be taking many more trips back to the exchange. I bought many 1 OZ coins in case I ever want to exchange a small amount back into fiat currency. But that 10 OZ bar just looks sexy to me, and will most likely stack many of those over time.
I haven't purchased anything like this since I was involved in an MLM program called Karatbars, where you can earn gold and commissions for sales. That's where I began to I learn a lot about gold, it's history and why we should invest in it.
I still love cryptocurrency and bitcoin, but having a tangible investment is a great feeling for me.
Who else is in to precious metals? What are YOU stacking?