Long Position on Silver and Gold?

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Originally Posted by Great-Kazoo

You believe PM prices will drop, or tank, before crypto currency?

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I think relative to money supply and cpi/ppi/inflation, precious metal is very underpriced due to hedgers going to crypto.

As soon or prior to crypto bubble bursts, I wanna get into precious metal.

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Originally Posted by DDT951

The definitions are quite simple. (me is not me but a general me)

Anyone who has more money than me, it is a rich greedy bastard not paying their fair share.
Anyone who has less money than me is a lazy bastard that is taking handout and paying their fair share.

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Truth

Quote:

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Originally Posted by MrPrena

I think relative to money supply and cpi/ppi/inflation, precious metal is very underpriced due to hedgers going to crypto.

As soon or prior to crypto bubble bursts, I wanna get into precious metal.

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Interestingly, I?ve now got about the same amount of holdings in both crypto and PM, but my cost basis in crypto is zero. I?m holding on to what house-money remains in my crypto portfolio indefinitely. Having tangible PM?s is certainly the more rational choice, but I suspect the flexibility and liquidity ease, coupled with massive volatility and therefore the ?FOMO? will keep people piling into them.

Quote:

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Originally Posted by MrPrena

I think relative to money supply and cpi/ppi/inflation, precious metal is very underpriced due to hedgers going to crypto.

As soon or prior to crypto bubble bursts, I wanna get into precious metal.

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crypto started to lose stream. not a crash yet.

https://www.google.com/finance/quote/BTC-USD
https://www.google.com/finance/quote/ETH-USD
https://www.google.com/finance/quote/LTC-USD

Attachment 86220

Nobody was saying, Silver!, a year ago.

Rather than trying to beat the market, just make sure you are in the market.

Damn stimulus ruined my investment strategy. Without it, it would have had 40ish% correction. Since stimulus is all gone, let the fundamental/technical avoiding rookies go LONG*. :D



*then pig usually got slaughtered.

The low point of the curve displayed by BushMasterBoy was also a relatively low point for $GME. $GME has gone up considerably more than silver in the past 12 months. Just saying. :D

I know some zero knowledge investors who invested gme just the fact that ps5 is coming out. Dumbest logic ever, but he made a decent %% gain.
Now he thinks he is an economist, securities analyst, financial advisor, and chartered market technician.

https://www.marketwatch.com/story/fi...?siteid=yhoof2

Looks like they are wanting to avoid a market selloff by just making any changes "retroactive".

So they want to "retroactively" bump capital gains tax from 20% to over 39% in an already volatile market, no big deal.

Besides, people who make more than a million just inherited it, they are probably too stupid to figure out ways to keep more of their money and will have a huge Biden smile as they write huge checks to pay for more vote buying programs. And all the poor people are a democracy and the majority always wins, that's what our country is 'sapposed to be.

PS: No, I don't make a million dollars. This is still crazy, imho.