Loading ...Haven’t asked this question of random people for a long time but……
“Is owning Gold a good method to preserve wealth as your currency loses purchasing power?”
All ages, male and female. I bet they knew the latest celebrity news or sports score.
All I can say is that society has lost touch with Gold. Sad but this should tell us that we have a long, long way before Gold enters a mania.
It’s a Barberic Relic and so am I
Most cannot or will not put the effort in to understand the correlation of currency and gold , just blame Trump and continue whining. It is all very good in my view that miners are not making the front page news, once that happens and the news pumps it , then we are at the end game of sucking in the last buyers. Enjoy the quiet gains , slow and steady, nobody enjoys trying to trade a spike.
Been stacking both gold and silver since gold was $320.00 and silver was $5.50. I’ll keep buying and stacking until they are the last things of value standing. If you can’t hold them in your hand, they are “foolsgold”. IMO we are about to get pushed into a digital crypto control system. My bet is there will arise an underground secondary Barter type system in which silver and gold will become priceless FWIW. www
We’ll know when the sheep waken because silver will suddenly start outperforming gold on the way up (defined by the fact they can’t afford gold but see the ‘problem’ they are facing and must get ‘something’). Of course silver is more volatile than gold but still within (my) margin of acceptable performance with gold. All I care about is being there on dates like >>> July 16, 1973; August 20, 1979 or August 16, 2010. We don’t know when it’s going to happen but when it does all that complaining about how silver is manipulated and lags gold suddenly goes away (the lag will pale compared to the outperformance multiple)
Over the past several days I’m hearing a lot of chatter about GOLD’s performance and how SILVER is lagging and everyone is dumping at the LCS’. This may be true – that is for anyone ignoring the GSR. Simple rule that’s worked for me over the past 10+ yrs, only BUY Silver with GSR over 85 and in a low (silver) or stable (gold) price environment. GSR is 91 now but with gold ATH’s, I don’t see it as a value opportunity to buy silver. If say, gold falls from 2,900 down to 2,790 suddenly, guaranteed silver will wind up briefly with a $30 handle and that’s the time to buy.
This approach is better than DCA’n because we get both VALUE and ACCUMULATION, not just ACCUMULATION. This strategy however requires an understanding that 1) we’re in a metals BULL market, 2) SILVER is money and (eventually) will follow GOLD, and 3) never, has a gold bull market in a non-gov’t controlled environment, not ended with silver hugely outperfporming gold by many multiples. It’s happened 3 times – see dates above.