You're into crypto, but do you own any precious metals?

If you're invested in cryptocurrencies, owning precious metals can be a strategic addition to your portfolio. They offer diversification, as precious metals and cryptocurrencies often have different market dynamics and risk profiles.48

While both assets provide accessibility advantages, precious metals may have more traditional barriers to entry compared to the digital nature of cryptocurrencies.3 However, platforms exist that allow you to purchase and store precious metals using cryptocurrencies, providing a seamless integration between the two asset classes.2

Precious metals have historically been a stable investment, with a notable increase in value in the past, as seen in their 9.47% rise in Q4 of 2020.5 They can also be included in retirement accounts, such as a gold or silver IRA, offering tax advantages.6

For those interested in trading precious metals, the process is straightforward and can be done through various apps, as outlined in a 5-step guide provided in the references.7

In summary, precious metals can be a valuable complement to a crypto-centric investment strategy, providing diversification and potentially enhancing the stability of your portfolio.