I listen to X22 everyday and Dave always mentions "saving your wealth and investing in precious metals and crypto". I don't know much about the stock market. My plan right now is to buy some physical silver and just hold it and wait for it to go up and the plan to go through. Is this a decent plan to have some money saved for the future or am I retarded?
Guys, enlighten me if I'm wrong but, the reason why Dave is suggesting investing in cypto and precious metals is because they're going to become the standard currency in the future when the Q plan goes through right? Which means they will have a lot of worth?
So that means buy cypto and precious metals right now, then when the plan happens you're safe and you have some money left because all of the fiat money from the central banks is going to be worth nothing. Is this correct?
Thanks frens
Personally, I'm not a fan of crypto's for investment because of how volatile the markets fluctuate. Though, overall they have done well for people.
Silver is easy to buy in small amounts consistently, gold is good but too just much pricier. Yes, the idea with PM is that you are storing the purchasing power, yes that doesn't hold true while prices are suppressed, but the biggest risk with PM is a) getting it stolen, b) having to sell at a lower price than purchased, but unlike stock would be something like buying at 30$ and having to sell at 25$ (a reason why we shouldn't invest with money that we can't risk losing).