I’m just curious what Pedes are doing NOW with their money. NOT what you did as far as stocks go. If you got on the lunar moon rides and it looks like you did well, that doesn’t much help. I’m talking today.
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Gold just sketches me out. It is currently at its highest value in history. Going back to the gold standard or ‘gold will destroy the FED’ doesn’t mean it will go up in value.
Silver does seem appealing though. I stacked silver but never really had the loot to stack gold. Wish it was 2016 prices. Hell, 2010 prices.
It was "at its highest" in 2011, too.
I NEVER look at what "they" say because I don't care. Common sense says to have gold and silver in hand and you will be fine.
Highest value in respect to fiat credit, not purchasing power. Gold has stayed the same, the USD has gotten much weaker due to inflation.
Central banks around the world are buying gold, and China + India are recommending their citizens get silver and not gold now as they need it for technology. The future of batteries, solar panels, electronics all rely on silver.
Then look at the asset manipulation cases against JP Morgan, they manipulate the tiny commodities market all the time. There are 1.3 billion oz of silver made a year that is less than a $40 billion market cap... one rich dude could buy all the world's silver. They keep it cheap to exploit countries and get electronics to all the kids for cheap.
Hard assets for sure, my bet is metals used in high tech electronics.
like the hunt brothers?
gold was ay it's highest at $320 an ounce, and I remember people saying not to invest. gold will always be gold, while paper will eventually be compost somewhere.