The DOW is down 1000+ points in a day.
Most savvy market participants, and certainly Steemians, and #Steemsilvergold members, understand that global markets are severely inflated and this drop does nothing to change that.
Still, 1000 point drop in the DOW can be jarring for some.
This chart gives me a lot of comfort on days like today:
Gold continues to do it’s job over time across every currency.
As I have learned from listening for years to the Goldmoney founders Roy Sebag and Josh Crumb, gold does not make you rich.... but it does keep you from going poor.
I believe there is a place in your portfolio for many different types of assets, including stocks and cryptocurrency.
I also know that gold should always be a part of your savings, if you want to be able to sleep at night on days like today.
I never tell people to sell everything and just own gold. Or that they shouldn’t own cryptocurrency.
I own both.
How many individual investors and savers actually own gold?
Not enough.
I do know that 1.5 million Goldmoney clients own some gold.
I do know that when I see this:
I think of this:
And I feel better.
I think you would too.
So I’m
GODLing.
For Menē 24k investment jewelry: http://Mene.com/invite/JrT26p
Thanks for reading everyone,
Goldmatters
Bounty: https://steemit.com/contest/@goldmatters/bounty-up-to-20-sbd-up-for-grabs
For Menē 24k investment jewelry: http://Mene.com/invite/JrT26p
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.
Read more about Goldmoney: https://steemit.com/@goldmatters
I'm a GODLer and a HODLer, I've had a Goldmoney account for years now and recently stated buying gold into Goldmoney with cryptos. It's a great way to cash out on the highs for crypto without bothering with fiat trash.
It's a great service.
Love this
Thanks for sharing this. I love the idea of going from cryptos to gold. I'll definitely check this out.
You can buy physical gold and silver for crypto from BitGild as well.
GODLing! We are going to get this trending!
I think far too often when people think about their portfolios the only thing they think about is "stocks". They often times forget hard assets like precious metals and real estate and I guess bonds (even though I personally am not a bond fan - well James Bond, yes). I do think that people should be exposed to cryptocurrencies as well!
The package was supposed to arrive today, but
Bond totally GODLs. Arrrrggghhhh damn you UPS!!! How annoying
I can just imagine the package saying
It will be here soon enough! I can't wait to do an official unboxing of it! :D
You know I’m putting that on twitter :)
Sweet!! I am gonna try and do another unboxing video when my girlfriend opens it! :D
Good advice @goldmatters. Holding gold will help you have some piece of mind, when stock market volatility (or crypto swings) make you nervous. It's good to have a little of everything.
Agreed. Diversification is key in this crazy age we live in !
Well you’ve gone and done it now! I am now the proud owner of an account at MENĒ and i’m spreading the word too! Please have a looky loo at my most recent posting.
Thanks @goldmatters! And don’t forget to have your ordering fingas ready for the 2018 Steem Round.
Cheers! from @thedamus
Absolutely!! This is such great news @thedamus, you are going to like what you see :) what will be your first piece??
Well Mrs @thedamus is big fan of the brushed choker — it’s already in the bag, just gotta’ time the payment... itsa crypto thing.
But i will be back for dice, guitar pick and probably a whole bunch of other stuff going fwd 🤩🤩🤩
Awesome!! Have you checked out the harvest plan? You can lock in the price and pay over time. Just FYI :)
You’re killing me Holmes!
Gold will always be the savest way to store your money.
it has outlasted so many generations and even centauries.
it has value.
thanks for the post. :)
Well said! I agree
I think that a combination of cryptos and precious metals (mainly gold) makes the most sense as a countercyclical investment right now. Everything else ist in the apt-named "everything bubble" and really needs to come down again. Stocks, Bonds, REITs, it's all inflated beyond belief by quantitative easing.
Well put!!
Wow this is wonderful
Yes indeed
i like your this post
Brilliant message
Hey thanks
When the Great Wall of 1350 is finally breached we will have a bull of bulls in the gold space. Too much money has been created, the manipulation will eventuality fail
Sounds good to me!
This post has received a 6.53 % upvote from @booster thanks to: @goldmatters.
Thanks booster
i am agree with your poster.
Awesome
I couldn't agree with you more
Godling here I come but any good site to buy and Hold gold?
https://www.goldmoney.com/w/goldmatters
Thanks mate.
Appreciate and do find time to check my blog posts too 😎
Agreed. Take a look at this chart, a clear reverse head and shoulders pattern. I think a lot of people (including myself) get caught up in the day to day price action, but if you zoom out, GOLD is looking like it will have it's best year since 2011!
.
Sounds good to me!
@goldmatters Isn't our world, as an intellectual civilization, so young compared to the millennia of surviving an undiscovered planet.
Gold matters at least during the initial years of an apocalypse. The 1% of 1% will keep gold on hand until the world consistently and emphatically devalues it. That's just history.
I am surprised when the Dow and crypto market mirror each other. Waiting on the day for the cryptocurrencies market cap to stand on its own two legs.
I still find it hard to see this as a big deal given the large, long-term run up of the market we have seen over the past year. In addition to that, a 1,000 point drop is much less significant in a 25k market than a 10k market. I guess the media would drive as much traffic and buzz if they framed it as a 2.5% drop.
Totally agree