Love owning physical gold and silver despite not being a crazy libertarian. Gold down from 1800s to 1200s, silver down from 30-40 to the 17s. Much rather invest in real metals than Bitcoins but I simply do not follow the market that much. Is this load up time or is it gonna continue dropping! I remember Peter Schiff said gold would be around 5,000 now, lol.
I did very well on the monster run from 2001 on but honestly I have very little interest in getting involved again...look at the chart from 1980-2001 silver and gold did squat... I have no interest in tying up money for the rest of my life hoping for another run...gold mid hundreds and silver maybe 12 before I would even think about making a purchase. Like i said though what we saw could very well be a once in a lifetime move
The situation in the world financial system is so dire it would be extremely hilarious if it wasn't going to destroy so many people.
Certainly nothing is guaranteed as the entire setup is a joke (and the likely reset will be as well) but hard to imagine gold and silver not doing well. Especially in comparison to all the out of control currencies.
I would buy gold/silver going forward regardless of price, I predict these markets will literally blow up overnight one of these days.
Certainly nothing is guaranteed as the entire setup is a joke (and the likely reset will be as well) but hard to imagine gold and silver not doing well. Especially in comparison to all the out of control currencies.
I would buy gold/silver going forward regardless of price, I predict these markets will literally blow up overnight one of these days.
Buy something "regardless of price". I never listen to that advice, lol. That's like listening to Peter Schiff when it was 1800 saying it would be 5000. Losing over 20% over that time when people in the stock market have been killing it is embarrassing. The bottom will come though, I just have no clue when.
And currencies throughout the world are in bigger danger of deflation than inflation so currencies aren't an issue. Markets are doing well, economies throughout the world are doing better than when the financial crumbled. I think the decline in gold and silver portray that. It would be awesome if silver got to $10. I have a lot at the $18-20 range so going to take a hit, but still would buy at $10.
The doom and gloom argument isn't one I listen to. There has to be a better argument to when gold or silver will reach bottom and it's time to buy.
Market's running wild last few years, gold/silver is not. So clearly not correlated or can you assume blindly they will go down again if...WHEN the markets collapse.
Its true the gold/silver "hype" has gone on for years and the believers are suffering right now. However when you have a market so out of control and out of whack with fundamentals its really of no matter. Some semblance of sanity will have to emerge in the short term future (if only temporarily) and these metals in theory have nowhere to go but higher, possibly a lot higher. Silver in particular is intriguing because its such a tiny market, if it catches on as a monetary metal again it could really explode.
As the markets awash with all kinds of paper impersonating wealth its become rather evident they've also used their weapon of paper to keep traditional monetary options in check to keep selling their false paradigm. If you had to close your eyes and pick one or the other to reclaim in 10 years from now I cannot believe any rational mind would rather take on x amount of US dollars/Euros/Yen etc. over the equivalent current value of gold.
Its true the gold/silver "hype" has gone on for years and the believers are suffering right now. However when you have a market so out of control and out of whack with fundamentals its really of no matter. Some semblance of sanity will have to emerge in the short term future (if only temporarily) and these metals in theory have nowhere to go but higher, possibly a lot higher. Silver in particular is intriguing because its such a tiny market, if it catches on as a monetary metal again it could really explode.
As the markets awash with all kinds of paper impersonating wealth its become rather evident they've also used their weapon of paper to keep traditional monetary options in check to keep selling their false paradigm. If you had to close your eyes and pick one or the other to reclaim in 10 years from now I cannot believe any rational mind would rather take on x amount of US dollars/Euros/Yen etc. over the equivalent current value of gold.
The best time will be when the doom and gloom people become the extreme minority again.
Fear is what drives gold.
Once the media gets off the sky is falling theme they have been on the last 10 years gold is going to collapse to below $500 an ounce. Maybe even less then $250.
Thats when you buy in waiting for the next sky is falling episode.
And I LMAO at the people who buy gold as a hedge against currency collapsing.
Fear is what drives gold.
Once the media gets off the sky is falling theme they have been on the last 10 years gold is going to collapse to below $500 an ounce. Maybe even less then $250.
Thats when you buy in waiting for the next sky is falling episode.
And I LMAO at the people who buy gold as a hedge against currency collapsing.
If markets collapse, or better yet if capitalism/western civ collapses, why will gold have value or even go parabolic.
This is the question I can never seem to get answered. It isn't water, food or shelter and doesn't have the capacity to create any of those 3 things.
I'm not saying it doesn't have a place in a persons portfolio since I do think it is a good inflation hedge but why do people think shit really hits the fan that them and the others that have amassed gold will be laughing at the rest of us? Y'all will be just as fucked as we will.
Every fiat currency in the history of the world has failed. Sometimes I feel like I'm crazy when I see everything collapsing in my lifetime, since the masses just watch American Idol and sports and pretend everything is okay. But I honestly can't see a way out of this mess. If I was rich, I'd own a lot of gold. How much? Good thing I don't have that problem. I do own a little silver, but have gotten butchered on it so far. Live for today, I guess, and ride out the good times for as long as we can. If it comes to mass chaos and people fighting over food, I wouldn't want to live anyway.
The problem is when the market dumps, homes get foreclosed, jobs are lost etc etc people sell everything. They sell good stocks, bad stocks, gold, cars, plasma, cds etc etc. It just happened during the meltdown so you can't spin the sky is falling crap. Yes it did rally afterward but it was over super hyper inflation concerns (fear mongering) but again it wasn't the collapse that triggered it. Thinking that metals will go opposite the market is delusional based upon what has recently happened
