Gold / Silver

The earth produces about 10 ounces of Silver for 1 ounce of Gold. The industrial and medical uses for silver outnumber the uses for gold. Yet, in the market it takes 75 ounces of silver to buy 1 ounce of gold. Something smells fishy.

In Cryptocurrencies, it takes 109 Litecoin to buy 1 Bitcoin. It takes 76 Steem to buy 1 Litecoin. The fishy smell grows more intense.

The free market explanation suggests that the price difference is simply a matter of popular appeal. This is logical, an at least partly true. However this popularity factor relies on an ignorant public.

I prefer Silver, because it is easier for the average guy to afford. At 75 to 1 it is a bargain. It offers insurance against lost purchasing power of the dollar for much less currency. For those with great wealth, a little gold is also good.

I prefer Litecoin to Bitcoin for similar reasons. Only the greed of people trying to ride the biggest rocket pushes Bitcoin. But again, the basic utility is the same. Litecoin is cheaper.

Steem is the cheapest of the lot. I attribute this totally to ignorance. When the public becomes aware of the long term value of a Steem token, the price will jump.

Which will jump most by percentage in what time frame? This is a question for an investor.

Which will still have value in 10 years? This is a question for a young father or mother.

I try to balance Steem, Litecoin, and Silver.

Here is today's beauty.

Eleanor the Snaggletooth