Welcome back Crypto Nation,
Now I understand the majority of people reading this will have little to no gold or silver. I do encourage each of you to begin to a collection. There are a number of reasons I say this and in today's post I will try to make the case for you to do so.
The easiest way I like to think about it is like a savings account. The reason I say this is I find it much easier to purchase a little gold or silver and tuck it away. As opposed to just saving cash in a bank account. I have found that eventually I will think of a reason to dip into my savings and spend it on something I really didn't need.
When you own gold and silver it's a little more of a process to sell it for cash. Because of this additional layer required to sell them it has allowed me to stack as opposed to spend. Also another great benefit is I'm keeping my money out of the banks hands. So not only am I saving money I'm keeping it out of their greedy hands.
Now back to the original question how much should you own. I think you should begin with 5 percent of your networth in gold and 5 percent in silver. Now this only represents 10 percent of your total wealth. The other 90 percent should be spread around between crypto, real estate and cash. Notice I didn't say the stock market.
Last year I closed out both of my 401 k to pay off my credit card debt and put the rest into crypto. My money has grown significantly since I made this decision. But I would never have been able to do this if I didn't have my gold and silver nest egg.
I would love to hear your opinion on this topic by reading your comments below. I always upvote comments and the most relevant will get rewarded higher. Please upvote and resteem this as thank you back. If you're new to this blog thanks for the follow and I'll try to produce content that is fun or educational.
Silver Crypto
