Let’s see what this sudden rate hike does Anons. Will it keep this odd market up, or drop it like a rock? I for one have been awaiting the big stock collapse that has yet to happen. Let us watch today and tomorrow to see. God bless you all Anons, and please stay prepped.
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My personal issue with Crypto, is its all done online over the internet... AND alot of people here have been predicting an internet shut down, what will happen with Crypto then? Would it still exist? And how many different known DS players have vouched for crypto? (It's a genuine concern of mine) I get the silver and gold, I trust a physical thing, that I can physically protect. Truthfully though, I haven't done much - if any - research on crypto because my lack of trust behind the system...
You don't go one way or the other. I'm an investor/trader/Middle Management by trade, working on M.B.A. real business type.
While the game is still going you need to play it. Silver and gold are good but they are relatively low returns. We don't know when shit pops, it could still be a decade.
For what it's worth here is what I do.
I put enough in gold and silver and have some stacked Enough as in a few thousand in home locked And a few more thousand through exposure on markets through ETFs and such Those will rise as shit starts to hit the fan.
But in the mean time - I still have my nest egg for current society in a relatively save index fund and I have a trading portfolio, separate, for bets on the short term 3-12 months. That's where I play with Bitcoin, GameStop, IPOs, etc
If I win the bets I reinforce my slow, "safe" money.
But don't go all in all precious metals right now, that's just as risky as anything is what I am saying. Your just inversing the risk from a normies risk. If you are normies and you believe everything is still going to be great 50 years out, all your money is in virtual equities. That's risky.
On the other side of the coin, If you are full doomed and all your money is in precious metals, let alone physical I'm house precious metals - that is just as risky as anything. Because of shit takes another decade to hot the fan you are suffering, not to mention you are one good disaster/ burglary away from losing your pants.
Keep "enough" in metals, whatever that is to you. But again, you can only diminish risk by diversification of the portfolio, otherwise you basically are always just gambling.
Anyway that's just my advice to consider, take it or leave it. I'm no genius or anything I'm just in the money world day to day.
Thank you for the insight, I really do appreciate it!
I have to get into the investment world, I'm just mentally out of it all the time, call it dooming or whatever, I'm just trying to make it day by day. So much so, that I have a hard time retaining knowledge (yay.... I hate it.. 🙄) I saved your advice for when I actually get into investments, and I will take it into consideration for the actions I will take. So thank you again, for sharing your knowledge on the matter!
I bought etherium last summer, after my son quadrupled his money in days. It IMMEDIATELY tanked. It had almost come all the way back as of a couple of months ago, then the bottom dropped out. I barely check that account any more, except for an occasional automated message that tells me that it's still sucking air.
I plan to leave it there until it gets back to zero -- if it ever does, as is forecast -- then get the hell out.
I'm sorry to hear that... I hope you get back what you put into it!
I guess that's the game of investments... Win some lose some... I know for myself currently, I cannot mentally handle a loss - I REALLY hate losing.. I suppose it's some of the reason that's holding me back from getting into all of this stuff; even just learning about it... The only thing I've done investment wise, was busy some physical silver and gold, just an insurance in the event that Canadian currency matches the styling it's replicating: monopoly money.
Agreed on the metals. I wanted to buy $10k in gold when it was at $1200/oz, but my jeweler called my wife to let her know it was ready for pick up and she flipped her lid -- worried about how liquid it would be. Would have made 8k in about 6 months! Now she knows better. Haven't made a buy yet, but plan to soon as when the SHTF it'll skyrocket and be safe harbor -- for awhile. We do know what the Bible says, so at some point there'll be ONE safe harbor - the Lord! But until then, seems to be a wise choice.