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Gold and crypto are two very popular and attractive investment instruments, but investment strategies differ significantly, both in terms of managing and maximizing profits. The different characteristics of crypto and gold require investors to understand the appropriate strategies, especially for novice investors. These include:
1. Focus on your goals and align them with your risk profile.
2. Gold only requires fundamental analysis, such as global economic conditions, inflation rates, monetary policy, etc., while crypto requires both fundamental and technical analysis.
3. Physical gold is generally stored in a personal safe or in a financial institution's safekeeping service. Crypto, on the other hand, is stored in a crypto wallet.
4. Both have high liquidity, but gold often incurs higher sales fees.
1. Focus on your goals and align them with your risk profile.
2. Gold only requires fundamental analysis, such as global economic conditions, inflation rates, monetary policy, etc., while crypto requires both fundamental and technical analysis.
3. Physical gold is generally stored in a personal safe or in a financial institution's safekeeping service. Crypto, on the other hand, is stored in a crypto wallet.
4. Both have high liquidity, but gold often incurs higher sales fees.
