
To understand the importance of gold and the rush it caused in history is one of financial literacy.
Gold is a rare metal.
Due to its rarity and applications, it is a precious metal in demand.
ANY investor knows that good money can be made when:
– There is a huge demand
– The product is limited or rare
Gold will therefor be an all-time wise decision to invest in.
Why gold and not silver or platinum?
The alternatives are wise options to.
But gold rules prime due to its historical importance.
It rules prime due to its established status.
Gold used to be the standard for the money we use today.
I said “Used to be” as this is no longer the case.
For more details I refer to this radio-interview with Robert Kiyosaki
The synopsis is this.
It is an insurance against stupidity.
The rapid growth of the gold/silver and platinum prizes have nothing to do with the markets.
The fluctuations on the price are a result of continuous devaluation and inflation of currency itself.
By investing in gold you lock your wealth.
It does not matter if the currency gets hyper-inflated.
Cash-in on the stockpiled gold with another (more stable) currency and you are out of trouble.
It is the first and foremost asset one can have.
It is accepted as a valid currency ANYWHERE in the world.
What about digital gold?
Cryptocurrencies for this reason must be regarded as the next “GOLD RUSH”.
Many a token is “limited” in quantity due to its general programming and use.
They are IN DEMAND due to their nature (transactional application worldwide, highly secured and WITHOUT FEES).
They have the added advantage to have created their own “stock market” and trading platforms.
Cryptocurrencies, like gold, are a digital standard.
It would be highly unwise to NOT be educated in this matter and miss the boat on a digital asset that might as well be the future of finance and pay.
Consider this, there are countries whom have crypto as their official currency.
This, in a nutshell, is why I ,as a private investor, have decided to get educated on gold and cryptocurrencies.
It is the way forward.
Take care
And be excellent!
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I have written a book about Cryptocurrency.
Find more about it here: Binary Gold, Crypto.
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