They are performing better than Bitcoin and other Crypto assets. Risk vs Reward?
Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc
EGGcoins or just plain old farm fresh eggs are outperforming Bitcoin and most other crypto assets.
However, you cannot hold them for quite as long because they spoil quickly, or even worse they hatch and turn into ChickenCoins that require physical housing versus a virtual wallet.
While bitcoin is up 38.92% YTD. Eggs are up over 60% in the last 12 months and headed higher yet. Maybe you can exchange EGGcoin with Bitcoin. At least if the price drops sharply, you’d have something to eat. Or even have a pet (not suggested as my grandfather was a chicken farmer so I know things).
While I know you all like tongue in cheek posts, please remember that like everything, egg prices vary drastically based on type, size, color, and farming styles like free range versus caged.
If you really want to get your best price for this commodity, Contact SafeSourcing Inc. We buy more of all commodities more often than you do and know the levers to pull. Glad to share some recent examples when you reach out.
SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.
For more information, please contact a SafeSourcing Customer Services Associate.