January is going to be crazy. With the oncoming political and economic uncertainty metals are going to take off. Combine this with all the printing, hyperinflation and a bull metals market is almost guaranteed.
Anyone else considering maxing out credit cards to buy silver or gold bullion? This seems very tempting in the current social setting.
I'm gonna put 50K in gold through my broker, since most of my wealth is in my IRA.
The rest is going into ETFs and crypto. I wanna hedge my bets.
Good move. Get out of the banking related assets which you can.
I dunno. I lived through the gold spike around 2007-2009. The banks never collapsed. I think it'll take a few more events for a bank collapse, but I'm hedging my bets a little. I wouldn't go all in on gold because BTC could displace gold as an alternative to fiat money.
At least that's my opinion.
I don't see bitcoin attaining mass adoption anytime soon. It's too complicated and intimidating for most normies. That's not to say that it won't keep rising substantially. Gold and bitcoin will both be winners when this all plays out as wealth has to be transferred into non-fiat stores of value.
Yeah I agree. Hopefully they both go up.
user, you should buy silver and then sell it back to me when shit is ok
>This seems very tempting in the current social setting.
wait until the threat of stimulus disappears.
>t. debtmaxxed and getting ready for EOY 2021
Agreed about more stimulus. We are currently in deflation but velocity has finally starting increasing.
Stacklet reporting in.
I wouldn't be so bullish in the short term, vaccines and shit might actually give a hope of recovery before the aftermath of printings of this summer starts to creep through the windows
Get a ford f250 gas truck while you're at it for the mad max times.
Once the spending starts again, velocity will increase leading to price inflation. Velocity is the most important metric when determining gold price.
>stays poor
I really wouldn't put my faith in gold stocks or etf's
physical that you own is better.
Different investments are better for different possible futures.
I don't have faith in any store of value. Gold can depreciate. BTC can go through bubble cycles. My house could burn down. Money printer go brrrrrrr. Stock market crash. Since I can't tell the future, I'll diversify to protect my wealth.
Premiums and shipping on physical are a bitch though
Easily set you off a 5-10%, but at least won't be taxed if you end up selling at spot or below
Do this but with bitcoin not a fucking shiny rock.
Oh sorry I misread. But like the other guy said, I don't wanna pay a premium. When I have more wealth I can ask for physical delivery.
all we need is one event that will make every1 lose faith in the dollar.
What if these assumptions are already priced in to gold's sale value?
Stop avatarfagging.
Don't stop avatarfagging
Agreed, my portfolio is
made with the mindset I don't trust one a single asset I own
will see what will it become...
That's what I was implying in my previous post, the rally of this summer was to prepare for that occurrence.
If it fails to happen I think a 20 to 30% dump in PMs is very possible
both are good avatarfag
The duality of man.
Gold bleed and went sideways for 30 fucking years from 1980 to 2009. It's a trash investment and a poor choice for a store of value.
What's the best store of value if you think the stock market will crash? I read that BTC historically can go down with the market (as in the March pandemic dip), but gold is probably overpriced as it's the traditional safe haven during times of chaos.
That leaves silver
Good idea thanks!
The means to sustain and defend yourself. The Amish will be fine, normies won’t.
physical silver no doubt
Hey anons. I got a question, mainly for silver chads.
Why are you buying the metals instead of, say, silver ETFs?
Storage is not really a problem, but how do you justify the ridiculous premiums?
rolling for commie limbs