“At last! We’ve been waiting a long time! “, Was that your thought a month ago or now, when you were once again alerted to the rising gold price, by me, the diligent Maxim Bederov whose blog posts you are reading? The gold price climbs again to new heights and I, as a passionate mountaineer, see this with pleasure.
What’s behind the numbers
Gold has been the best asset class in recent weeks and a few will have been waiting for it for a long time. Because in 2018, the gold price was still very restrained at € 1,016.28 on 10/28/2018.
But something exciting has happened in 2018 at the gold price. Despite an increase in US investment yields, which usually lower the price of gold, there was a negative increase. For some, this was already a sign to pursue the gold chart.
But I would not like to give you any investment recommendations on how to equip your assets with gold. Much more important to me is what the gold price reflects and has always mirrored: the trust of the people in your local currency.
Especially in this day and age, it makes sense to be financially broad and also to pay attention to what exists outside of “state” currencies in future-oriented ways to generate returns and to stay in financial flow.
The answer to the past financial crisis
So one topic that I like to deal with is the area of cryptocurrencies. At that time they emerged as a response to the financial crisis and have already inspired many. Of course, there were also losers here due to the volatile price developments of individual crypto currencies. Both here and in other markets, it is a big mistake to act without planning and knowledge.
My outlook for the future for this industry
Currently, the industry of blockchain technologies and cryptocurrencies has not yet managed to expand and reach its full potential. However, I have great confidence that the moment will come. I draw this conviction from the regulations that will definitely come for this area. Those entrepreneurs in the crypto and blockchain area, who realize this and see it as an opportunity, will gain the best results from this.
Maxim Bederov – Conclusion
For you, as a private individual and as an investor, this mainly means that you should urgently address the factors that stable cryptocurrencies have to bring with them in order to prove themselves long-term and sustainable. Find out about the market, as you did with gold and other values. You will find that the internet offers more than enough information.
I’m delighted to have given you the impetus to become a fan of this new technology and to study the cryptocurrency, as has been experienced by such greats as Bill Gates, Elon Musk, and Richard Branson. – Maxim Bederov