Long Position on Silver and Gold?

[Sawin]

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.

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.

[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.

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

[BushMasterBoy]

[arbol]

Nobody was saying, Silver!, a year ago.

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

[MrPrena]

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*.



*then pig usually got slaughtered.

[Aloha_Shooter]

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.

[MrPrena]

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.

[FoxtArt]

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.

[Aloha_Shooter]

The Supreme Court should have struck down ex post facto tax increases when Clinton first imposed them. Penalizing economic decisions AFTER they've been made and executed is as much bovine fecal matter as criminalizing conduct after the fact.

[MrPrena]

I am not even mad...
I am more laughing about this. This will bring true fiscal conservative republican to win back the white house on 2024 election yr.

Biden budget reiterates 43.4% top capital gains tax rate for millionaires
PUBLISHED FRI, MAY 28 2021 5:23 PM EDT
UPDATED FRI, MAY 28 2021 6:17 PM EDT
Greg Iacurci
@GREGIACURCI
SHARE
KEY POINTS
President Joe Biden issued a budget proposal Friday that called for a 39.6% top capital gains tax rate, in line with what had been previously proposed to help fund the American Families Plan.
It would apply to taxpayers with income of more than $1 million.
Combined with a 3.8% Medicare surtax, the richest Americans would pay a 43.4% top rate on capital gains.

https://www.cnbc.com/amp/2021/05/28/...-tax-rate.html