1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DochEvi [55]
3 years ago
6

What are the benefits of diversifying a retirement account with gold and bitcoin?

English
1 answer:
belka [17]3 years ago
7 0

There are many benefits that come with diversifying a retirement account with gold or Bitcoins (or other cryptocurrencies).

Gold is an extremely reliable and solid way to store money, since it's a way to safeguard possessions by protecting one's buying power/conditions (gold is not affected by devaluation the way regular currencies are).

Bitcoins and other cryptos may also seem as an alternative to regular retirement fund options or even gold, but it ain't (at least for now). Even though cryptocurrencies are still very unstable (monetarily speaking), they are (or were according to some experts) a way to store and easily transfer money anywhere. They are very promising in terms or transfers, safety measures (crypto-exchanges and users can get hacked, but the cryptos themselves operate in a relatively safe way), and even though it may be a way to earn some extra money (through trading/speculation), they are not comparable to gold when it comes to monetary safety (stability); that's why they might be a good investment option but the investor must be extra careful about putting a large portion of their retirement fund into them.

In other words, Gold is mainly reliable and stable (a way to protect you buying power and worry less about inflation/devaluation), and Bitcoins are an opportunity to make more money and a reliable and cheap way to transfer money anywhere

You might be interested in
Which of the following areas was not importing food products from the middle colonies?
SSSSS [86.1K]

Answer:

Probably canada.

Explanation:

Thank you

7 0
3 years ago
Read 2 more answers
According to the line 2 of “Mirror,” the mirror swallows whatever it sees. A. True B. False
andreyandreev [35.5K]
The answer is A, because the line says "whatever i see i swallow immediately"
4 0
3 years ago
Let's Check In “He spoke less and listened more” is an example of which rhetorical device? A. synecedoche B. antithesis C. paral
Mkey [24]
The answer would be B, antithesis
3 0
3 years ago
My friend was so busy that she barely ......... me when i entered the room?
KonstantinChe [14]

Answer:

acknowledged

Explanation:

My friend was so busy that she barely acknowledged me when I entered the room

8 0
2 years ago
Where should you include supporting evidence in an outline for an argumentative essay? Select two options.
RUDIKE [14]

Answer: directly after the reason and as support for the rebuttal

Explanation: You need to back up your reasons with the evidence to support your claim, and you need to back up your rebuttal as well with evidence.

6 0
3 years ago
Read 2 more answers
Other questions:
  • What does the following quote mean? “Strange things are happening.” At the top of page 60.
    7·1 answer
  • In which sentence is the underlined word the proper adjective formed from Africa?
    13·1 answer
  • Read the two passages from Sugar Changed the World. Slave owners fought back, arguing that owners should be able to list their s
    6·1 answer
  • During a group meeting for a science project, Larissa thinks a classmate’s ideas are unrealistic, but she is unsure of how to te
    14·2 answers
  • Odysseys abilities as a hero?Explain?
    11·1 answer
  • Write an application to your coordinator for your educational <br>tour​
    15·1 answer
  • What is computer how does it work what is the part of computer <br>​
    11·2 answers
  • "I am a good student" is an example of a positive self-talk statement. Please select the best answer from the choices provided T
    13·2 answers
  • What word fits the sentence 
    9·2 answers
  • Lines 46–59: What effect does the use of second-person point of view have in these lines? Against nature story
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!