Spoiler alert: similar to other markets, there’s no crystal ball that can predict the “perfect” time to buy — but dollar-cost averaging can make market volatility work in your favor. Please keep in mind that our discussion here is introductory and merely educational. Coinbase doesn’t provide investment advice, and this article shouldn’t viewed as investment advice. Always make your own independent assessment of whether any … Continue reading When is the “perfect time” to buy cryptocurrency?
Whether you believe cryptocurrencies are a bubble or not, one thing everyone can agree on is that an investment frenzy attracts unscrupulous individuals looking to prey on trader greed. We describe some of the scams and lay out steps traders should take to be safe when trading cryptocurrencies. Common Cryptocurrency Scams It’s easy to think that everyone is getting rich investing in cryptocurrencies. This mindset … Continue reading Cryptocurrency Scams: How To Spot Them and Avoid Being Duped
Historically, exchanges of value – barter systems – were done face-to-face so that participants could instantly verify the respective physical properties being exchanged. As purchasers and sellers became geographically distant, agents or trusted third-parties acting on behalf of the participants became necessary to verify the quantity or quality of the property being transferred. For example, credit card issuers are examples of a third-party standing in … Continue reading What Are Bitcoins – Pros & Cons, Investment Opportunities
There are literally hundreds of different cryptocurrencies available, and all have different values. Think of them as a type of unregulated digital money although most are not particularly easy to spend, and all carry a high level of risk. Here’s an overview of what you need to know. Bitcoin and other cryptocurrencies What are bitcoins and cryptocurrencies? How are cryptocurrencies made? How to use bitcoins … Continue reading Bitcoin and cryptocurrencies
What is a 401k Account? To combat the rising cost of pensions during the 1980’s, the 401k account was born. Named after the subsection of the Internal Revenue Code by the same designation, a 401k account is simply a savings plan that permits workers to invest a portion of their pay before taxes are taken out. In addition to salary and health benefits, these accounts … Continue reading Convert Your 401k Account into A Gold IRA
Options bets are signaling the precious-metals resurgence has much further to go, with traders making wagers that gold may rally an additional 40% and silver almost another 80%. The most popular option on the SPDR Gold Trust exchange-traded fund, known as GLD, is tied to prices jumping 27% to $180 a share, according to options data provider TradeAlert. Another popular option pays out if GLD … Continue reading Investors Bet on Big Gains by Gold, Silver
When I started trading commodities in the fall of 1990, the price of gold was $400 an ounce. From September of 1990 to September of 2005, the price of gold ranged from around $280 to $450 an ounce: a difference of $170 over 15 years. Over the course of any given year, a $40 to $50 move in the price would be considered a big … Continue reading Buying Silver vs. Gold as an Investment – What’s Better?
Many commercials in the media about gold investing, such as those on TV, radio, and online, are from gold brokers touting gold as a great investment. This doesn’t seem very intuitive, since gold pays no interest, no dividends, and realistically could go twenty years without going up in value. That doesn’t make for a spectacular investment, but many people continue to buy it for various … Continue reading gold investments
Numerous commentaries in the media, both on television and in print, would have us believe that gold is a bad investment. Headlines warning investors to stay away from the yellow metal are commonplace. Examples such as “Five reasons not to own gold,” “Gold is the worst investment in history,” “Gold as an investment – think again,” “Gold is a bad hedge,” “Gold is a pointless … Continue reading invest in gold
Historically, gold has played a major role in the economies of many nations. Although it is no longer a primary form of currency, gold is still a solid, long-term investment and may be a valuable portfolio addition, particularly in a bear market. Gold was considered a universal currency for hundreds of years. Due to its recognized value worldwide, a gold standard was used as far … Continue reading Is Buying Gold a Good Investment?