I also got a few platinum coins from my Dad and at the time they were almost 2x the price of those gold coins (maybe more). Still have those. So my Dad (the expert to me) just bought a bit of everything to diversify his holdings.
I own shares in ANGPY ( Anglo American Platinum Ltd) which was a spin off of ANGLY. They produce Platinum Group Metals (platinum, palladium, rhodium, iridium, ruthenium, osmium); base metals (copper, nickel, cobalt sulphate, sodium sulphate, chrome) and precious metals (gold).
It pays a good dividend and I continue to hold that. Looks like I added a few shares in 2013 at $6.13/share.
FWIW, was watching a Youtube video (Crypto Dad) where I learn about Bitcoin & crypto currency. He was able to loan out his Bitcoin for 3 months and earns 8% interest (paid in $US).
How to Earn Interest on Your Cryptocurrency Using the Crypto Earn Feature on Crypto.com
The problem is you never know if you get back your coin, not FDIC insured or any type of insurance, and who knows the finances of the firm/web site. That said, I can see where long term you can hypothicate your Bitcoin to others who trade it (on margin) and earn income.
This is what is done now at Brokerage firms where you can lend out your stock and receive interest. Your stock is held in a special margin account if you elect to do this. Same thing when you have a margin account, your stock allows you to borrow $US and your are charged interest.
This was the first time I saw that you can use your digital currency and lend it out to receive interest.
Good Investing
EKS |
