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RE: Fiat Currency (Federal Reserve Notes) VS. Real Assets (Gold & Silver)
Yup - SSG knows what to do with fiat - turn it all into real assets in silver and gold!!!
What did you think the reason was we bought AU/AG and what reasons are you moving towards?
We all have our individual reasons for being involved in the community, and stacking. Even what we stack is up to each individual. So all I can say is my reason. I have an instinct that is early, I was in the housing bubble in Florida, I predicted the crash two years ahead even as a mortgage broker making good money marketing loans. Now I have been out ot the stawk market since 2012, mising opportunity but stacking shiney, knowing this game is bound to end badly. Yah my friend laugh, as Precious metals stay flat, and they enjoy their current paper profits, but as I was early to get out, I'm also early to buy precious metals. SO when shiney goes no bid, and paper assets go no bid to the downside, that is the moment wealth transfers to those that can sleep well at night, never worrying about the DOW or the USD. Thanks for the question @senstless/
I am still evolving. As a personal finance junkie I started with a hard lean towards traditional markets, but the older I get the more I see the value in non traditional assets like property, equipment, PM's and crypto and time. But I change direction like ocean tanker, just a few degrees a year. I keep stacking more and getting the balances moving to different areas.
I was an investment advisor for 10 years, marketing mutual funds, annuities, life insurance, business insurance, mortgages, etc. But I changed in 2008, my commissions dropped 70% in 3 months. Lessons learned. So my next step is adapting to crypto, but is still seems like air and useless digits.
air and useless digits? I think bitcoin and metals will have their rise in the next crash which is imminent , and approaching. unless of course blockchain bails the government out by using funds created out of thin air
Thanks for your comment, we all have to adapt to any new system, they all have their flaws, crypto along with fiat, faith is what keeps up their value. Just saying precious metals has held its value, and will never go to ZERO.