Will You Make More Money Investing in Bitcoin or Gold?

Investing in BullionRecycle and Refine GoldRecycle Precious Metals
Written By Barry Lenson

Year 2022 is shaping up to be the year when Covid-19 goes away, the year when America either rebuilds its infrastructure (or doesn’t), the year when you seriously consider buying an electric car – and lots of other big changes will happen in your life.

Another big change seems to be happening too, which is that everywhere you turn, people are talking about cryptocurrency. This seems to be the year when cryptocurrency – also known as bitcoin or bitcoins – is no longer something on the sidelines of people’s investing strategy. It has moved to center stage and people – even people who don’t know exactly what bitcoin is – are intensely interested.

So, Should You Invest Your Money in Cryptocurrency or in Gold?

Your first step in answering that question is to read up about what bitcoin is and how you can invest in it.

In our view, one of the best explanations of those issues can be found in “How to Buy Bitcoin,” an article that Kat Tretina and John Schmidt wrote for Forbes. Why is it the best article? Simply because the authors aren’t trying to sell you anything. (Just about all the other articles on the topic you will find online come from companies that want you to invest with them.)

The next step is to consider and weigh the following considerations, which we think lead to the conclusion that gold is a safer and better investment than cryptocurrency.

  • Gold is a real physical investment, and bitcoin isn’t. Maybe that doesn’t matter to you, but it does to us. You can store gold, pick it up, look at it and even give it to other people.

  • You can follow the value of a gold investment by tracking trading prices, but you can’t do that with bitcoin. Who determines the value of bitcoin? It is virtually impossible to tell. That explains why the price and value of bitcoin investments seem to rise and fall in a nearly random way.

  • You can insure gold, but not bitcoin. Again, that strikes us as a big advantage for investing in gold, because you want your investments to be safe.

  • Gold can be stored in a safety deposit box or other safe location, and bitcoin can’t. We have heard stories of bitcoin investors whose holdings were put in danger when they couldn’t remember the password for their online account or log in. Gold doesn’t require a password or access to an account, and we like that.

  • Crooks and criminals can scam you whether you are investing in gold or bitcoin. But bitcoin scammers are more likely to be out there somewhere in cyberspace. If you call the FBI and say that somebody just sold you some gold that didn’t really exist, they will look into it. If you call the same FBI and say that somebody sold you cryptocurrency that didn’t really exist, you are going to fill out a form and hope against hope that the crooks, who might be half the world away, will ever be apprehended.

So Obviously, We Are Big Fans of Gold and Other Precious Metals

Investing in bitcoin might be trendy. But in our experience, trendiness cannot put money in your pocket. In contrast, making proven investments in gold scrap, platinum scrap, and silver scrap can.

Call our precious metal refiners today at 800-426-2344 to learn more and make a wise investing strategy.

Barry Lenson
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