Gold is not a safe investment--it's a commodity

 There are a lot of myths about gold, which just aren't true.

 One is that you can't lose money on it, which isn't true. As Isaid, it's a commodity with all the associated risks and benefits of a commodity investment.

Yet another reason to dislike Cryptocurrency: Donald Trump.

I'm getting blown away watching Donald Trump since he's giving us some really great reasons for a rework of the US Constitution. And it's not just the republicans: it's the duopoly

 

Pew Charitable Trust on Cryptocurrencies

46% of Americans who have invested in cryptocurrency say it’s done worse than expected

Among the 16% of U.S. adults who say they have ever invested in, traded or used a cryptocurrency such as bitcoin or ether, 46% report their investments have done worse than they expected. By comparison, 15% of these Americans say their investments have done better than they expected; 31% say they’ve worked out about the same as they expected. The overall share of U.S. crypto users is unchanged since September 2021. 

• About half of Americans have heard about NFTs, but few have ever bought one

 

You know I'm not a fan of bitcoin or cryptocurrencies: here is the best argument about why you shouldn't be as well.

I just finished watching Russell Brand discuss bitcoin, which he didn't understand. The concept intrigued him for the obvious reasons--cryptocurrency poses as something which is outside the banking and economic system.

That's not really true. I know enough about these things to know that they are not what they pretend to be. Which is why I suggest this e-book on the subject:

https://www.mybloggertricks.com/2018/06/bitcoin-is-scam.html

The person who wrote this knows a whole lot more about the subject than I do, which is why I recommend it. You don't really need to know a lot about the topic to sense that it is not what it purports to be.

On the other hand, knowing what exactly it is makes it far more scary than fiat currencies.

Bottom line is that commodity based currencies are volatile. Fiat based currencies values are determined by central banks. But cryptocurrencies aren't really either. If anything they combine the worst of both worlds.

But, hey, it's your money: not mine.