Those looking to get ahead in the investment markets could do much worse than taking a look at metal and digital coins. As Bloomberg noted, cryptocurrency capitalization remains at around $120bn, a modest yet lucrative figure. Meanwhile, physical coins retain value as long as precious metals do. Doing cryptocurrency the right way, and metals too, can build you a diversified portfolio that will bring in money for years to come.
Why metal coinage is effective
Coinage is an easy way in which to store precious metals. What’s more, the standard imprinted on said coins from the mints in which they are produced provides a guarantee as to the provenance and quality of the product. Coinage is likely to be an excellent investment option in 2019. In India, the price continues to rise at $474 per half ounce, according to money management website Quartz. While some investors are holding off, this price is set to rise yet. Furthermore, the metal increases in price over long-term periods. The price has remained high since a low in 2015.
Storage can be more difficult. However, there are reasonably cheap and secure options. For example, experts providing opinion for gold storage at Money Metals have noted that many common storage methods, including home safes, hiding spots and safe deposits, are effective, and can provide security for your investment. Other coinage can be invested in, too, and the likes of silver and platinum continue to hold value.
Turning to cryptocurrency
The cryptocurrency craze is most likely over by now. Purchasing trends are returning to normal, and the price is nowhere near as volatile as it once was. Various countries have taken a dim view towards digital coinage and how it alters the in-country economy, but India is not among them. Regulation of coins occurred late in 2018 follow the Zebpay scandal, and now coins are widely seen to be growing. While regulation remains cautious over the growth of the coins, it is there and the framework indicates progress.
Of most importance is the news that several groups are now creating channels of communication through which to develop the technology. This will boost prices, create new platforms, and ultimately make new opportunities for would-be traders across the country. This presents a perfect opportunity for a would-be investor. The coin is likely to mimic stable, non-volatile stocks in the future, with fluctuations based on market changes. As such, it will be far easier for an investor to predict where their spend will go next, rather than relying on word of mouth. According to Coin Telegraph, the top 10 crypto deals returned 136,000% on average; while this accounts for the boom, it’s still arguable that crypto has a role to play yet.
Digital and physical coins offer simple and reliable ways to make some solid investments. A bit of fine tuning is required, of course, but once in hand and practised it can make a solid and long lasting investment. Have a look today, and consider diversifying.