A delightful consideration from outside the crypto market, nice to see a post like this. I've wanted to get into metal as long as I've been investing but I've never known how to obtain it.
There are actually some ways of buying metal backed crypto's, or so I've heard. Basically you get a token as a placeholder for your weight purchase in metal. I've had my doubts since if I bought metal I'd like to physically hold it myself, or have an incredible sense of security regarding it's hold. Cough fort Knox.
Do you hold your silver in your home or a bank?
Are crypto's to blame for the prediction of volitility?
If Fiat continues to lose value how will silver investors such as yourself react?
Do you own copper, aluminum or any other metals, would you or why not?
Sorry to bombard you with questions, SteemOn!
If you dont hold it you dont own it. I have heard of metal backed crypto's which to me sound the same as ETF's but unregulated so never looked into them.
1/ I hold my silve rin a safe place only me and the wife know about
2/ The silver market is worth around $18 billion and the cryptomarket is worth $600 billion, i do not think they are related
3/ My silver stacking plan would not change, fiat has been losing value for ever 100 years
4/ I only own silver and small amount of gold. Copper is worthless, $10k in copper would need a truck to move. Silver and gold are easy to buy and resale
Good strategy... everyone should keep their precious metals in their own possession. However, if you have bulk silver and lots of it, you may want to consider storage in a vault. I have written a report on how to internationalize precious metals, it's over 100 pages long and a complete compendium on the topic. In doing so, I have spoken to many of the most reputable private vaulting facilities around the world. But a bird in the hand is worth 2 in the bush, hold the precious metals yourself if you can.