Why Precious Metals Are Better Than Digital Currencies?
Cryptocurrencies are all the rage these days, but precious metals like gold and silver remain an integral part of most investors’ portfolios. Here are some reasons why precious metals are better than cryptocurrencies and why you should always keep some in your portfolio, no matter how bullish you are on crypto.
Disadvantages of Investing in Cryptocurrencies
There are significant disadvantages that come with using cryptocurrencies which should give you pause before investing in them. Unlike gold or any other precious metal that you can see and even hold in your hand, cryptocurrencies have a virtual existence and are found in something called the crypto wallet. If something were to happen to your crypto wallet, you’d lose all of your digital wealth at once. That is a strong possibility nowadays due to the exponential rise in cybercrimes around the world.
Cryptocurrencies Are Volatile
Moreover, cryptocurrencies always have run the risk of getting banned by any government as it is the preferred payment method for illegal activity on the dark web. The prices are also highly volatile as a single tweet from a personality like Elon Musk can plummet their value instantly.
The value of a cryptocurrency depends on how it’s accepted by merchants and governments. In other words, cryptocurrencies have very little intrinsic value—it all depends on how people perceive their worth. Nothing is certain but death and taxes—and crypto could be subject to both soon enough! This is why investing in precious metals is a smart option.
Gold Is a Proven Investment
Like all precious metals, gold has stood the test of time as a hedge against uncertainty. In times of economic or political uncertainty, gold is a haven. In times of international strife, you can expect gold prices to rise. Gold’s been considered valuable since before recorded history and will continue to be worth something as long as humans exist on earth.
By holding gold, you’re protecting your wealth from unpredictable events and scenarios that may compromise paper or digital currency. It’s no wonder that financial analysts consider gold to be one of their top picks for investors who wish to protect their assets against future downturns.
Invest in Precious Metals Now
In times of uncertainty, precious metals are the way to go. Reach out to one of the most trusted gold and silver investment companies in America, Orion Metal Exchange. Our experts help you invest in precious metals such as gold, silver, platinum, and palladium. Get your free investor kit here.
Contact us now.