There is no denying that fiat currency is becoming more unstable as years pass by. Even if quite a number of governments have declared it a legal tender, it still does not have the backing of a physical commodity. This is unlike commodity money that enjoys the backing of physical goods such as silver or gold bars. Going with Kinesis cryptocurrency for instance, you can now be able to use gold not only as the traditional store of value but also as medium of exchange. Thanks to Kinesis cryptocurrency gold is becoming a reliable and user-friendly currency once again.
Why is Gold a Good Investment?
With the growing popularity of gold trading, it is only a matter of time before it becomes the most used digital medium of exchange. But why is gold a good investment to go with? Well, fiat currencies are always going to lose their value through the years. This can be either in a snap or gradually. A good example is when people decide to opt for using abetter currency than the existing fiat money thus leading to the loss of value of the latter. No wonder Kinesis gold Stablecoins will act as better money for most people thus leading them to lose trust in the existing fiat money.
When choosing to rely on Kinesis gold, a country’s currency will be backed by a stable asset that has guarantees. This is something that you are never going to get from fiat money since its value can change at any particular time. Therefore, it will prove quite hard for a country relying on fiat money to achieve currency stability. If this is not enough, the Kinesis Monetary System encourages people to use their money, thus playing an important role in stimulating the economy.
How to Invest in Silver and Gold
Investing in gold is not a decision that you can make overnight. Instead, there are a number of things that you will have to assess if you want to avoid losses. It is for this reason that you should consider asking yourself where you are going to store the gold, who is going to accept them as money or whether you can afford to pay premium and taxes? You should also search for a reliable dealer who sells ingots and bullion at the right gold price.
- Keeping Them As Your Own Reserve
Most people will think of buying sufficient silver or gold and keeping them as their own reserve. They can then sale the gold and silver at any particular time as long as they are having problems with the fiat currency. To make sure you are investing in gold successfully, you will have to choose from a range of bullion. This will mean going with coins, rounds or bars. Coins happen to be the most common form of bullion as they can be used as currency. Unfortunately, gold coins are very rare since there is a limited production.
For those who are not into coins, then it would be better to make use of Rounds even though they still look like coins. Despite the fact that Rounds do not have a circular value, they are still measured in terms of size since it is based on precious metal content. This means the smaller the Rounds are, the higher their premium rates over spots. If you are looking for something similar to Rounds then you can consider going with bars.Most investors would prefer bars because of their lower premium. Furthermore, they are easy to store, stock and organize. You are free to choose any option as long as it is appealing.
- Put Your Investment in Gold Mining Companies
Another option to go with when investing in gold involves putting your investment in gold mining companies. However, this does not mean choosing any gold company that you come across. Doing this is only going to cause further problems in the future. To be on the safe side, you will have to look for the best company where you can place your investment while at the same time getting favorable returns.
- Invest in Stablecoins
If you are not into the traditional methods of investing gold, then you can consider going with stablecoins. For those who may not know, stablecoins are cryptocurrencies that are backed either by real assets such as precious metals or by fiat currencies. Stablecoins backed by fiat currencies seem to be leading in popularity when compared to those backed by precious metals like silver and gold.
In order to get the most out of this type of investment, you will have to make use of the right stablecoin. One of the best options that you can consider going with is Kinesis as it is always going to guarantee a good return on your investment. To make it even better, you can use your gold in order to perform daily transactions. Even if the fiat currency you are using fails, you are sure that your gold backed stablecoins are always going to remain afloat.
For you to have crypto backed by gold from Kinesis, you will only have to open an account with them. The good news is that you do not have to worry about the custody of your gold since it is kept safely in a third party vault.
The Bottom Line
Before investing in gold, it is highly advisable that you understand all the pros and cons that it comes with. Luckily, you can rely upon numerous sites when in need of this information. All it takes is for you to find the right site where you can learn more about Kinesis gold. You should also consider going through as many guides as possible if you want to capture every piece of information you need.