Bitcoin and Gold, an interesting combination

I think Gold is the oldest asset, so to speak. It is an alternative asset that may be part of a personal portfolio.

Source: Pixabay

This topic captured my attention after watching some posts of people I follow because they are actively promoting a Jewelry related web site.

The curiosity leads me to research a little bit more about this. My initial thoughts were written in spanish in two separate posts. The key insights were the following:

• Jewelry made with gold has a higher price than Gold bar, because Jewelry price includes artistic handwork. A method to evaluate price is by calculating unit price per gram, then comparing it to market price .
• Jewelry may not be suitable as an investment due to its cost, but it is fine if you want to give a gift or want an artistic piece of work.
• Mene platform allows you to earn credits everytime you refer someone or when your referrals make purchases
• You can purchase jewelry using your earned credits. By doing this, you lower the amount that you have to pay in cash (or bitcoins), therefore unit price per gram is also lowered, possibly near to market price. You also have to check shipping costs and taxes.
• An strategy could be to buy bitcoins in these days when market sentiment is negative, and then when BTC/USD price raises, purchase jewelry using bitcoins.
• This is not a risk-free strategy because bitcoin price may continue falling or Mene could change its policies, or something else may happen.

As always, this is my opinion and not investment advice. You have to make your own research and analysis before investing. Remember to invest what you can afford to lose.