Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Fun on Friday: Why Not Both?

  by    0   0

The other day a friend of mine asked me, tacos or burritos?

My response: why not both?

I think saying that annoyed him. He wanted me to pick one. Just one doggone it!

We are very much a “pick one” kind of society. Everybody expects you to take a side on everything. Food, sports, entertainment, investing — and especially politics. (My choice there is usually “none.”)

Oh, and if you choose poorly, they will want to argue about it. A lot.

I will grant you that there is a time and a place to choose sides. But do we have to pick one or the other on absolutely everything?

I don’t think so.

I’m just not wired that way, to be honest. I like diversity. I like options. And I enjoy availing myself to a many as possible. So, if I can, I’ll take tacos and burritos. Or maybe tacos today and burritos tomorrow. I feel no compulsion to pick one.

It’s the same with many things.

I’ll take pie and cake.

I invest in gold and silver.

I like to walk and ride my bike.

I watch hockey and football.

I enjoy the beach and the mountains.

Chocolate or vanilla? I’ll have some of each. Please and thank you.

Nowhere do I see this insistence on picking sides than in the battle between crypto and gold. Again, my answer is why not both? I mean, there is no law saying that if you invest in bitcoin, you can’t buy some gold too. Or vice versa.

There are valid arguments for and against both gold and bitcoin. And the arguments shift depending on your particular investment goals. They are different things – like cake and ice cream. Both serve their purpose.

Now, I do understand why folks might favor one over another.  Peter Schiff doesn’t like bitcoin at all. And if you listen to him with an open mind, he makes a lot of good points. But I’ve heard some pretty good cases made for crypto as well. And I don’t see any need to rule out either one completely.

But I tell you what, some of the bitcoin disciples out there want the world to know that they hate gold. I know this because they troll SchiffGold posts. I’m not gonna lie, this annoys me. This is ShiffGold, not SchiffBitcoin. We talk about gold here. But that’s not to say gold is the only legitimate investment option. And you will never hear me say put all of your money in gold. No sane investment strategy puts all of your eggs in one basket. Investing 101 – diversify.

It’s weird though. Oil investors never troll my posts. Real estate investors don’t troll my posts. Investors in the stocks and bonds don’t typically troll my post. It’s the crypto people.

I get it. You passionate about your thing. I get it. Bitcoin has made some amazing gains. I get it. There are some significant political ramifications with the development of blockchain. But geez-Louise, none of that means gold sucks.

We don’t have to live in an either-or world. We can enjoy a lot of different options. In fact, that might make life a little more interesting.

Fun on Friday is a weekly SchiffGold feature. I dig up some of the off-the-wall and off-beat stories relating to precious metals and share them with you – with tongue firmly planted in cheek. The opinions expressed are my own. They are correct – but not necessarily shared by anybody else here – including Peter Schiff. Click here to read other posts in this series.

Get Peter Schiff’s key gold headlines in your inbox every week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!

Related Posts

Fun on Friday: A Sacrifice to the Gods

Monday is tax day. That means I have to send a big check to my overlords – a sacrifice to the gods of government if you will. Of course, sacrifice to the gods is nothing new.

READ MORE →

Fun on Friday: The Most Valuable Trophy in Sports

If you are a regular Fun on Friday reader, you know I love sports. Hockey is my favorite followed by football. My favorite teams are the Tampa Bay Lightning and the Tampa Bay Buccaneers. Well, all of those worlds collided in a moment of sports harmony this week. Tampa Bay Buccaneers tight end Rob Gronkowski […]

READ MORE →

Fun on Friday: Silver Is Hazardous Waste?

I learned something today. Did you know silver is considered a hazardous waste? So, I’m just going to say upfront that if you have some silver to dispose of, I’ll be happy to take it off your hands.

READ MORE →

Fun on Friday: Nice “Work” If You Can Get It

Unemployment is at 6%. Tens of thousands of people apply for unemployment every week (744,000 last week alone). The US government is spending trillions of dollars to “stimulate” the economy. But restaurants in northeast Florida can’t find enough workers to open every day. Does this sound a nutty to you as it does to me?

READ MORE →

Fun on Friday: April Fools!

So, this week was April Fools’ day. I’ve never really been into practical jokes, but I did post something on Facebook to mark the day. “Taxation is the price we pay for a civilized society.” Amusingly, a few people actually took me seriously. They don’t know me very well!

READ MORE →

About The Author

Michael Maharrey is the managing editor of the SchiffGold blog, and the host of the Friday Gold Wrap Podcast and It's Your Dime interview series.
View all posts by

Comments are closed.

Call Now