Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. Consumer confidence in the fiat system is lower than ever and people are looking for a true alternative investment.
True alternative investments can offset losses similar to what occurred for many in the down market losses of 2001, 2008, and 2009.
Crypto Currencies? One popular trend is to invest in crypto currency. Bitcoin’s success fueled an excitement to participate. But how much do we actually know about the pros and cons of owning crypto currency?
Pros: • The opportunity to invest in various crypto coin brands at below one dollar per coin, makes entry into this alternate investment arena attractive and accessible to many. • Crypto currency is a trending marketplace. • There is the potential for tremendous growth.
Cons: • Scalability. • Cybersecurity issues. • Price volatility, losses much like the traditional stock market can occur. • Lack of regulation.
Precious Metals: Precious metals are popular alternatives to offset losses when traditional markets fall. Precious metals have an inverse value relationship to traditional market values and provide protection against loss in your portfolio.
Silver purchases are on the rise. Many of our clients have chosen to capture the gains of both crypto currency and to protect themselves agains the volatility of traditional market investments by purchasing silver. Knowing how to purchase your precious metals makes a BIG difference when it comes time to sell. Are you looking for alternative strategies to bolster your capital? Let’s talk about your options.
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