Is it Time for Gold and Silver?
Gold and silver have been hot topics of debate since the 2008 financial crisis. As with all things, when there is an imbalance, nature seeks an equilibrium. Gold and silver have been that equilibrium since the beginning of time.
If you ask most Austrian economists or Gold Bugs where the price of precious metals are going they may say, “Gold around $5,000-$10,000, and Silver $600-$1,000.”
I agree with them that we will likely see those prices. The trick is figuring out when, and not holding precious metals while other assets have a better percentage gain.
I have yet to see ANY asset make a move like Gold did between 2000-2012, and not return to at least the Fibonacci .618 line. What does that mean? I am expecting to see a Gold price under $1,000 before we see a Gold price in the $5,000-$10,000 range.
What does that mean for Silver? My target to be buying Silver is the blue box between $9-$11. I think we see that price before we see $600-$1,000. Despite all the geopolitical and financial turmoil that is LOOMING (ie. Not happening and keeping our focus there if we choose rather than building our own future), I am still not doom and gloom enough to be scared or run around crying out for folks to buy Gold and Silver. I do think it is a wise investment. Personally, I am waiting for a better price.
Great perspective.
!Trdo
!BEER
!DERANGED
Thank you. Just looking to help people.
For long term wealth preservation, it is always advisable to acquire and hoard physical gold and silver bullions/coins/bars.
Indeed. Gold and Silver have been money for a long time. Personally, I just don’t want to be invested in something that can go up 3,000% 3-4 years from now, versus another asset that goes up a similar percentage before that time period. Waves and cycles is the game.
some technical experts were saying this could reach $1800 well seem so but that's all speculations right now and the tension between iran and U.S just boosted that for quite a time
It is possible, not going to debate. It is a game of probabilities. :)
Dear @lydon.sipe. Gold could really be a good investment alternative, however the greed of the nations has led to this being very coveted and we are currently witnessing an ecological disaster in the Amazon on both the side of Venezuela and Brazil, gold farms in the open sky that they are destroying the ecosystem and fauna in places as emblematic as in the Gran Sabana in Venezuela.
I am sorry to hear that, Felix.
Thanks for your insights, Lydon... :D
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You’re welcome. :)
Hehe, very well said.
We can watch more closely these days, with interwebs and social media and whatnot so we notice more of the issues and everything is scrutinized, but I think things trend smoother over time and I bet there's generally less to worry about than 50 or 100 years ago.
I agree with this. I like having the little bit of gold I do have (and if it spiked up a lot I'd probably be happy to trade it for cheap stocks).
I agree with parts of what Peter Schiff and gloomers would say. But even with its various imbalances, there's a real economy that's really producing things and constantly trying to innovate correctly.. I don't really see the need for such an epic collapse that they often suggest.
I feel like gold will have its day, for some reason.. but not because we're living in bunkers and bartering with it.
Superb analysis sir. Measured, articulated, and well thought out.
ty ty 😊😊
that's what I'm here for 😂
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