Think of a 2 cent postage stamp in 1933 with Gold at 35 Federal Reserve notes per ounce. Now you would pay a dollar per stamp for the same service.
35 * 50 = 1750.
So, Gold will move up in the direction of 1750, though I would not be surprised if we would see 1300 dollars per ounce again. Goto tradingview and check several commodities in time, especially compare 2004 -2008 to today ...
And besides, as long as it is cheap .... buy and HODL.
Not your keys, not your coins. “Hello fellow qanons, I am not a glowie and I am not being paid to make an organic ad! Promise!”
Possession is nine-tenths of the law.
It's even lower if you account for inflation.
Buy now if you think you'll be around in 10 years.
Because, unfortunately, you can't buy bread and toilet paper with gold coins and get their worth.
If the market really is about to collapse, don't put all your eggs in one basket, is all I'm saying.
But tools. Buy metal. Buy food stores. Buy anything you can trade physically without having to be on the internet.
Those are the only worthwhile investments, because they've been useful since the bronze age just as they are useful now.
Load the boat! A storm is coming ... afterall.
Gold has been in the 1800 to 1900 range normally.
FYI If you guys are interested in buying gold at a good price consider buying when it gets to $1450
Best to hodl your own precious metals if you can.
Just be careful boating.
Nah .... It has been moving up and down.
There is a reason for 1750.
Think of a 2 cent postage stamp in 1933 with Gold at 35 Federal Reserve notes per ounce. Now you would pay a dollar per stamp for the same service.
35 * 50 = 1750.
So, Gold will move up in the direction of 1750, though I would not be surprised if we would see 1300 dollars per ounce again. Goto tradingview and check several commodities in time, especially compare 2004 -2008 to today ...
And besides, as long as it is cheap .... buy and HODL.