Mods - I believe this question is relevant because I don't know if our US Dollar will be the Worldwide Reserve currency after this is all over. Or if any current currency will be.
I do believe that Gold and Silver will retain their value no matter what we end up with so this brings me to the question. If you had $50,000 to buy Gold and Silver, what would you buy? All Gold? All Silver? 50/50 or some other combination.
Right now the premium on buying Gold is 4-6%, and silver is 15-20% if not more due to who the fuck knows. Probably because Silver has more potential to jump quickly. I'm not talking about getting rich though, I'm simply talking about holding value in uncertain times. I know a lot of you feel the same about precious metals and wanted input from people that realize Fiat currency doesn't last forever. My financial guys don't quite get it, they seem to think that the current dollar will last forever. I don't. Biden and the Fed is printing it into obscurity.
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20% Gold 20% Silver 20% GME 20% AMC 20% Cryptos
@ u/Saint_Duck
AMC will likely squeeze, but it will almost certainly pale in comparison to the GME squeeze for two reasons.
I am not saying AMC is bad. I think it is also a sound short term investment, but GME is an amazing short term and very, very good long term investment so is the clear choice at this time.
Cryptos are fiat currency backed by faith. When faith fails (and faith will fail eventually) they will be worthless. That doesn't mean there can't be short term gains made there, there can, but long term any crypto not backed by a physical asset will be worthless.
My advice is buy 40% GME, 10% Gold and 50% Silver.
If and when we go back on the PM standard silver will go back to being worth about 10% of gold by weight (instead of the 75:1 currently). Gold will also almost certainly be worth more in real buying power (maybe x5 or x10 of current) but silver will approach x30 or more. It is sound to buy both however.
GME is almost certainly the best investment you can make atm. You have to do non intuitive things with it to gain the most from it however. If you go that route I recommend reading r/superstonk. Click on the DD tab on the side and have at it. Learn all you can about it. Its really quite fascinating.
Just a matter of time!
AMC = Hollywood = CCP. I'm not giving those fuckers a dime!