It's not a bad return, assuming the dollar doesn't turn to total garbage that is... One never knows in the world of today! Silver and gold look like the best bets for the time being, but much harder to store. Even ten percent is a healthy return and reduced the debt on Hive, so I think it's likely to happen in the next little while. We'll see...
I'm not sure where anything is headed right now though except precious metals!
Yeah, I get what you mean! The world is pretty uncertain right now, and no one really knows what will happen with the dollar. Gold and silver do seem like safe options, even though storing them is a bit tricky.
A 10% return is definitely good, especially if it helps lower debt on Hive. It makes sense that it could happen soon. But yeah, everything feels unpredictable right now—except for precious metals! Let’s see how things play out.
10% is likely in the next bear market, but that's probably like in two years time, so earning 15% for 24 months or something like that is not so bad, as well as continuing with 10%.
I do agree that precious metals holds quite the value, and in a place where fiat begins to lose their value, however earning spendable yield is the goal for someone who is looking to put their retirement money to earn yield
Liquidation of metals can be hard unless you know the right buyers, I do, but many don't! A nice rate of return of 15% is hard to beat!
Perhaps it also has to do with market. In Nigeria here you'll probably have to do a lot of physical KYC to sell assets as good. The police and other bodies wouldn't even let you hold in peace.
That's just wrong... But governments that are corrupt want their cut of everything... Even here in the US!
The Nigerian government is something else. Every corrupt official wants of cut of what's not theirs, and there's no way you can own, store or sell without their permission