Cryptocurrencies vs Precious Metals: Investment Alternatives
The Competition for Alternative Investment Dollars
Cryptocurrencies and precious metals emerged approximately 12-13 years ago as a significant alternative investment class, creating new options for investors seeking diversification outside traditional markets. This development has influenced precious metals markets in several fundamental ways.
The introduction of cryptocurrencies has diverted substantial investment capital that might otherwise have flowed into gold and silver markets. As Andrew Slate, a precious metals expert, explains: “If these cryptos weren’t around, that money would have gone into silver and gold and that would have been a huge uptick on physical demand.”
Both asset classes appeal to investors seeking…
