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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It really depends on your strategy. And given your question you are doubting.
What you call USD is Federal Reserve Note. The current dynamic as I understand it relating to gold and silver, is that the SPOT prices are being used to prop up the Fed Note.
They are once again trying to establish the petro dollar, thus creating artificial demand. With the artificial demand, the price of the dollar increases against other currencies.
By creating inflation, a interest rate hike is in the works. thus creating an artificial demand for dollars. allowing it to rise against other currencies.
A regulatory framework is in the works for crypto, to suck it into their system, they control. So, for the short term crypto may sound like opportunity to make a couple of bucks.
The Great Reset is in the works. It requires a transport from the current system into something more controllable, where normie access to the system is heavily curtailed for their own protection (you'll own nothing and will be happy)
The spot prices are not the reflection of the true price. Meaning, your exchange now for say 1880 FRN + 6% premium for an T.ounce, is a bargain. The same goes for Silver, just below 28 FRN+ premium.
Whatever you therefor choose to buy, whether gold or silver, HOLD, HOLD, HOLD.
This is your insurance policy.
Some say, you would do well to put 10% in precious metals. I dunno. If the whole system goes to shit, expect the SPOT-price to go down as well, but the premiums would then skyrocket. So, the current price is a bargain, and even IF the spotprice would go to zero, it is totally irrelevant as it is about the physical on the open market: what are people willing to give.
Currently I have 25% in PM, looking to increase that to 50%.
But I also consider alt stable coins. Like those of the Perth Mint. Two advantages. 1. They are ready to be used within a payment system. Two: I can request delivery for the coin amounts, because they are 100% tokenized gold and silver. Why, because I intend to setup a roadmap from crypto to PM and vice versa.
A portion may be allocated to prepping. If you have not already done so, consider your vulnerabilities and remediate. You could even consider cutting yourself loose of the energy companies by researching and building a reasonably simple generator to power your house (21 odd kW, with a flywheel, an electro motor to spin it, and an altenator) I belief there are systems out there between 2 - 5000 dollars. And with the rising oil prices/ energy prices combined with the insecurity of delivery, this may be a great investment, as it will safe you dependency and money.
on the other hand, there are some tiny funny specs to look at. In those terms, I would consider to put a few hundred in GME and lay it aside. Just for the fun of it and let's see what it does. Just consider that GME in the past 6 months has gone from 90 to anywhere now. I would expect a little pullback in the 280 - 260 range in the coming days/ weeks. So, there may be a nice window to acquire a couple of stocks. And then hold, hold hold. whatever happens. Just to fuck the hedgefunds sideways and see it may be double to quadruple. If you want to know more about it, as to why and how this works,
https://wherearetheshares.com/
Geared towards GME: simply do a search here.