Scares me too, I’d switch to gold but I suspect its a bubble waiting to pop.
Gold is the opposite of a bubble. f you are looking to profit from gold, you will be just a speculator who might win or lose. There is occasional speculation where gold gets a little ahead of the trend, but the trend is still intact (we are about at the trend right now). When the Fed creates the other bubbles, gold responds by playing the role of money. If you are looking for a way to put money in a mattress for the next decade then convert it back to goods, then you have come to the right place.
For Silver: triple that number to 1500%.
Right now the prices of Precious Metals (PMs) are heavily suppressed. They are direct currency crosses. Their prices cannot be allowed to rise naturally or the Fed's three bubbles - bonds, stocks and the current purchasing power of the dollar - will collapse.
Nevertheless PMs are inexorably going to rise in price. Economic reality cannot be stopped, only delayed. The Fed is pushing against a steamroller and is going to get crushed.
Hope this is helpful.
Canned goods. Shotgun shells and canned goods.
I’m thinking about land. If all falls apart, and you have the means to protect your property, at least you can grow your own food.
I’m thinking about land. If all falls apart, and you have the means to protect your property, at least you can grow your own food.