But I got to thinking: what if this happens and my 15 shares of GME become worth say $10,000 a piece conservatively- BUT ALSO GME mooning coincides with a total market crash.
I’m talking suicide weekend, economy halting, global crisis crash. GME = moon. Everybody else = Depths of hell.
You're asking the right questions. Let's just hope Trump and co. can reign in any major chaos if it comes to that.
If you're not familiar with precious metals, you should try and educate yourself pretty soon so you get the gist of it. I personally wouldn't be without at this point in time. Favouring silver pretty heavily over gold but getting both.
If I wasn't going to get physical (which I do prefer) I don't see much of a problem with PSLV, you could also look at kinesis.money (this is a referral link). Andrew Maguire is the director and has done a fair bit of work trying to expose the precious metals manipulation--he comes across as a genuine guy.
My only concern with PSLV (based on the little I know about it) is according to this Sprott FAQ pdf 'The Trusts’ physical gold and silver bullion assets will be custodied by the Royal Canadian Mint (“Mint”) to minimize counterparty risk.'
I think this is a minor concern but still, I trust myself more than I trust Canada.
Are there any other physical precious metal trusts that are not easily manipulated?
PSLV and metals in general are still affected by spot price manipulation, the thing we're trying to avoid by purchasing physical metals or PSLV and other similar options is the counterparty risk; basically whether or not you will get what you paid for and as far as I'm aware, I don't think there are many alternatives to the aforementioned few.
So I fully believe in the moon potential of GME.
But I got to thinking: what if this happens and my 15 shares of GME become worth say $10,000 a piece conservatively- BUT ALSO GME mooning coincides with a total market crash.
I’m talking suicide weekend, economy halting, global crisis crash. GME = moon. Everybody else = Depths of hell.
Is my $150,000 US worth anything?
Will I have time to buy gold bars?
You're asking the right questions. Let's just hope Trump and co. can reign in any major chaos if it comes to that.
If you're not familiar with precious metals, you should try and educate yourself pretty soon so you get the gist of it. I personally wouldn't be without at this point in time. Favouring silver pretty heavily over gold but getting both.
You think PSLV is a save place to diversify? Are there any other physical precious metal trusts that are not easily manipulated?
If I wasn't going to get physical (which I do prefer) I don't see much of a problem with PSLV, you could also look at kinesis.money (this is a referral link). Andrew Maguire is the director and has done a fair bit of work trying to expose the precious metals manipulation--he comes across as a genuine guy.
My only concern with PSLV (based on the little I know about it) is according to this Sprott FAQ pdf 'The Trusts’ physical gold and silver bullion assets will be custodied by the Royal Canadian Mint (“Mint”) to minimize counterparty risk.'
I think this is a minor concern but still, I trust myself more than I trust Canada.
PSLV and metals in general are still affected by spot price manipulation, the thing we're trying to avoid by purchasing physical metals or PSLV and other similar options is the counterparty risk; basically whether or not you will get what you paid for and as far as I'm aware, I don't think there are many alternatives to the aforementioned few.