If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
I have a rule. If an article title is written as a question, the answer is always no.
Have some gold... a crap-ton of Silver. And just enough cash to cover needs.
Gold isn’t doing anything. Worthless fiat currency is.
The price of Palladium has gone crazy over the last ~30 years.
All fiat currency will continue to fall in value due to inflation caused by government debasement of the currency. Governments cannot continue spending or even pay interest on their debts by any other means but debasing currency.
The catch is that you must have physical possession of the gold, with all of the risk and costs that entails. Receipts for precious metals stored in a broker warehouse will be dishonored time and time again.
The other catch is that if things go full breakdown, the economy will revert to simple barter. You will trade that ounce of gold for a chicken unless you have something more useful in stock. Maybe ammunition will become the new currency. I would hedge with stocks of 9mm and .22 caliber
Long term I agree gold will keep appreciating. But I have been waiting for a pullback that has never materialized.
If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
Here are my precious metals keys:
1) Buy as you can comfortably afford (fractional gold or silver) and don’t financially overreach to hoard.
2) Own it. Don’t buy, or rely, on paper.
3) Gold and silver are long-term assets. They are not stocks to be traded. Stop stressing about incremental price movements.
4) If the big boys, such as the world’s central banks, are hoarding gold there is probably a reason for that.
