Why you should turn some of your Steem into gold
Lets begin with a clarification.
I heart Steem.
I heart Steemit.
Steemit given me a wonderful platform to wax on about the topic that is most important to me.
It has also allowed me to learn about many other topics and expanded my intellectual range.
I've read so many different stories and people I never would have been exposed to otherwise.
The objective in this post is not to present an alternative to owning Steem and Steem Power, but something that will help complement and round out a Steemians portfolio.
So far I've:
Announced that it is possible to turn Steem into gold: @goldmatters/turn-steem-into-gold
Explained how to do so: @goldmatters/how-to-buy-gold-with-steem
Today's post is about WHY.
I own a nice chunk of Steem Power, but I plan on accumulating much much more because I believe in the long term viability of this platform and want to participate in its growth.
Concurrently, I believe it is important to create diversity in a portfolio. This can include crypto, stocks, cash.... and even gold.
I can't possibly explain how gold works the best as a savings vehicle over the course over a lifetime better than Josh Crumb ( Co founder of Goldmoney) does here: https://www.goldmoney.com/newsroom/news-and-blog/goldmoney-insights-savingstech-back-to-the-future-edition
In summary the article explains how the price of a Big Mac, when priced in grams of gold, over course of 30 years has not changed. This is in stark contrast to USD, in which the price of a Big Mac has quadrupled.
It is important to stress that for a number of reasons in the short term gold (like Steem) can be volatile. That is why it should not be treated as an investment, trade, or speculation but instead as money itself.
Think of gold as SAVINGS. Again, not an investment, not speculation, not a trade, but savings. This is a great explanation of how Gold Always Wins (courtesy of Goldmoney.com. http://goldmoney.com/r/6lfQRK
Authors here on Steemit get paid out for posting. Most compensation must be treated as working capital to live off of.
Most of us though, try to save some of our income. We do this for retirement, emergencies, rainy days, and future Big Macs.
History has proven that saving some of your stored labor (money) in gold just WORKS over time.
With Goldmoney, there is finally a way to do this efficiently, in small amounts, while gaining utility with your gold.
Goldmoney is not a cryptocurrency. Goldmoney is actual ownership of allocated, insured, audited, fully redeemable physical gold in a Brinks vault of your choosing.
Goldmoney is different than anything of its kind because you can actually spend your gold using this nifty prepaid MasterCard (get a free one here: http://Goldmoney.com/r/6lfQRK )
Giving utility and democratizing gold is a core mission of Goldmoney. In the past you would need to be rich to buy enough gold to save. Now you can buy as little as 4c worth of gold at a time.
One of my favorite features of the Goldmoney platform is the recurring deposit feature. Anyone can set this to deposit a set amount of gold into their account automatically, any amount, any frequency. (Setting this concurrent to your paycheck would be ideal.)
Steemians already know all about the benefits of crypto and the exciting prospects of Steem and Bitcoin. Lets balance ourselves out now by diversifying a little, crystallizing some of our earnings into the most stable form of money and savings (over time).... GOLD!
Just think of all the Big Macs you will able to buy.
^ not a Big Mac!
If you know want to know why Goldmoney will change the world : @goldmatters/why-goldmoney-will-change-the-world
If you are Jose Canseco and reading this I know you would love to create a personal gold standard with a Goldmoney account! DM me for details Jose! @goldmatters/jose-canseco-followed-me
If you are Steph Curry and reading this: @goldmatters/my-quest-to-get-steph-curry-to-follow-me-on-twitter
For a free Goldmoney Mastercard you can load from your Goldmoney account start here: http://Goldmoney.com/r/6lfQRK