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"If you want something you've never had, you must be willing to do something you've never done"
We are all told, “live your life to the fullest”; I am here to do just that. myhealthywealthywise.com serves as a vessel to project my passions, and clue in my loyal readers as to what inspires me in this crazy world. So, sit back, relax, and read on.
INVESTMENTS STOCKS & BONDS
For years, I have served as a useful source to those seeking inspiration, help, or advice. I finally decided to own that role and be intentional about it. I started writing about my passions, my thoughts, and curious wonderings about our world. I founded myhealthywealthywise.com with a mission to give others a taste of what goes on in my mind, and I have been at it ever since.Take some time to explore the blog, read something interesting, and feel free to reach out if you would like to collaborate on a project together.
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I believe you must bring your whole self to the table if you want to thrive in today’s crazy world; your personality, your sense of humor, and most importantly, your heart. All of these elements brought me to start. Ever since I launched this project, the blog has been thriving and has quickly gained a loyal following. To see what I’ve been up to, browse my site, learn about my passions, and explore what excites and interests you as well.
What is Cryptocurrency?
A cryptocurrency is a digital or virtual asset that is inspired by cryptocurrency, designed to work as a medium of exchange whereby an individual or investor's coin ownership records are stored in a ledger existing in a form of computerized database utilizing powerful cryptography to secure transaction records based on an decentralized networks of blockchain technology. A design feature that makes it almost impossible to counterfeit or double spend and to control the creation of additional coins.
The word "cryptocurrency" is derived from encryption techniques that are used to secure the networks. A distributed leger backed by a divergent network of computers. Blockchains are organizational structures for ensuring the integrity of transactional data, which is an essential component of many cryptocurrencies.
Decentralization allows for the existence of digital assets outside the control of governments and central authority. A design feature of cryptocurrencies is that they are generally not issued by any central authority, making them theoretically immune to governmental interference or manipulation.
Cryptocurrency is a new form of digital currency based on a network that decentralized across a large number of computers. However, cryptocurrency faces criticism for many different reasons, including their use in illegal activities, exchange rate volatility, and the vulnerability of infrastructure underlying them.
Many experts believe that blockchain and related technologies will disrupt many major industries including financial and law firms. Conversely, cryptocurrency has been praised for its portability, divisibility, inflation resistance, and transparency.
What is Bitcoin?
Bitcoin is a peer-to-peer digital currency created in January 2009, following the housing market crash. Bitcoin offers different forms of electronic payments online that is sent from one party to another without going through traditional financial institution.
Based on ideas proposed by Satoshi Nakamoto, the presumed name of an mysterious pseudonymous person or persons who created bitcoin, authored the bitcoin white paper, and developed and deployed bitcoin original reference implementation. The true identity of the person or persons who created the technology is still a mystery (XXX).
Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies. There are no physical bitcoins, only balances on a public ledger that everyone has transparent access to, that along with all bitcoin transactions is verified by a massive amount of computing power.
Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Bitcoin is a collection of computers and nodes, that all runs on Bitcoin code and its store is blockchain. A blockchain can be thought of as a collection of blocks (XXX).
Why Invest in Precious Metals?
WHY PRECIOUS METALS? Answer: Insurance for your Retirement Plan. Adding "Tangible Assets" in your investment portfolio will give you; added tangible assets, better control over investment strategies and portfolio diversification. You have insurance for your life, insurance for your home and even insurance for your car, but too many people overlook having insurance for their investments (XXX).
The goal of any financial investment strategy is to increase your ability to gain wealth and improve ones quality of life and the lives of your loved ones. By increasing the purchasing power of your hard-earned dollar, you invariably provide added security to your investment portfolio.
Consider investing in Precious Metals as added insurance on your finances to help shelter you from losses, just like your other insurance does.
The fact is, that investing in precious metals is nothing new, serious investors have been doing this with precious metals for decades. Acquiring and holding physical precious metals allows you to add non-correlated assets to your overall investment portfolio.
Investing in and owning precious metals, including gold, silver, platinum and even palladium, can help balance your portfolio from equity investment losses, help safeguard your money from the long-term effects of currency devaluation, help shelter your assets from world economic crises and prepare you and your family for the effects of inflation.
When you own physical gold and other precious metals, you don’t rely on the promise of some corporate CEO, the whim of the stock market, or some investment account that the government is watching over (XXX).
No investment strategy is without risks, and you should understand and evaluate if owning and investing in precious metals is right for you. The real goal of all of this is to create a precious metals portfolio that gives you the best opportunity for asset appreciation while helping to shelter your money from volatility and major drops along the way.
Stocks and precious metals, for example, are two different asset classes, as they generally do not go up and down at the same time as each other. That’s why many investors have some of each in their financial portfolio and it’s one of the key reasons that many people turn to gold. What many people don’t understand, though, is that you can follow this exact same strategy with your precious metal investments.
In the gold market, this translates to balancing your portfolio between the different metals’ asset classes – bullion metals, numismatic coins, and Certified Investment Grade Coins. Bullion can be found in various forms, including minted coins, gold bars and other form factors – and they are all valued the same way – by their weight.
The value of bullion, or “raw gold,” floats up and down every minute with the market price of the metal itself. Tis is known as the “spot price.” Tis is similar to how the market works for crude oil, wheat, natural gas, and other commodities (and yes, even pork bellies!).
Investment Grade Coins, on the other hand, are coins minted by the U.S. Mint or other world mints that have shown a track record of investment performance that exceeds that of bullion and even other rare or semi-rare coins. Investment
Grade Coins presents as specimens of the highest quality, which usually means they are more likely to have lower populations in the marketplace.
Investment Grade Coins don’t trade on an index and therefore have a value that is much less volatile than bullion. This is the key factor that makes these coins ideal for investors who want to shelter their assets from the risks of the commodities and equities markets.
Unlike with bullion, the price of Investment Grade Coins is not subject to manipulation by world banks, the Fed, or other political forces. Instead, the value is wholly determined by supply and investor demand, just like prime real estate and other highly sought-after tangible assets.
3 Important reasons to invest in Gold
Protection: Gold is tangible, can be used as an liquid asset, without credit risk.
Liquidity: Gold converts easily into cash and is globally recongnized as currency.
Diversification: Gold provides a decrease in overall portfolio risk & gain protection from future markets and infaltion.
Gold Investment Opportunities
*Self-directed Gold IRAs, Gold Bullion, Gold Funds, Gold Futures Options, & Gold Mining Stock
THE HISTORY OF GOLD
Through the ages, since the dawn of civilization, gold has been prized by every major culture and nation state. The universal appeal and intrinsic value of gold has survived the rise and fall of the Egyptian, Greek, Roman, Spanish, and English empires.
By the time Jesus was born, gold had been in widespread use for 4,000 years. Gold’s first historically documented appearance as ornamentation dates as far back as 4000 B.C. in Central and Eastern Europe. By 3000 B.C., the Egyptians were beating gold into leaf and creating metal alloys to improve its color and hardness.
During this same era, the Sumerians, in what is now modern-day Iraq, began creating gold jewelry. By 1500 B.C., gold’s universal popularity was so prevalent throughout the civilized world that it was the standard exchange of value for settling trade imbalances among nations.
During this same era, the shekel became the first coin circulated using 2/3 gold and 1/3 silver content. By 560 B.C., the first coin minted from pure gold first went into circulation in Asia Minor and gold coins have been minted ever since.
Throughout all of civilized history, nations have fought wars to gain it and have spent fortunes to protect it. In today’s modern world, virtually every major nation state continues to have some form of gold coin in circulation, although their legal tender values are largely symbolic.
Around the world, such gold coins have become highly prized collectibles with values that are, in many cases, exponentially higher than the value of the base gold bullion content value.
Think about it. After more than 6,000 years have passed, gold remains the most stable, portable, and universally recognized store of value ever known!
Silver as currency
Silver is the most commonly used "currency" or used as money around the world. Silver and gold coins were first used as currency for transactions happened in Lydia. Since then silver and gold coins has been used by empires, nation states, and intra-communities.
Silver became the forefront for everyday transactions until around the middle of the last century. Silver rapidly became recognized as the most diverse metal that can be used in industry, technology, and biomedical technologies.
Studies have shown that silver has more diversity in its structure which makes it more useful than copper and iron. Silver is widely under valued due to its properties, its uses as a comodity, or its use as a hedge against inflation. It is considered as a volotel metal.
Extra rare, exceeds the $1000 level, dense, industrial uses