If you haven't been paying close attention to the precious metals markets such as gold, silver, palladium, platinum and rhodium... you're missing out. 🤷♂️
Yeah I know that most of you are "Bitcoin" and "Crypto" peeps here but diversification is the key to success when investing.
Gold has been considered "Money" for over 5000+ years and it's not going anywhere anytime soon. 📈
Bitcoin is cool but do you really think when the upcoming world "Debt" and "Bubble" crises arrives, banks and governments going to go into Bitcoin to back their fiat money?
Highly Unlikely!! The governments of the world is hoarding gold like crazy right now. 🙇
They won't because the powers to be want control and they don't have "control" over a decentralized currency like Bitcorrrnsss. 💁♂️
However Bitcoin does have a place the world, it's considered a storage of value in my opinion and has the opportunity to see crazy gainzzz in the coming years...
So let's talk about GOLD... if you see the chart above, we are absolutely in position of a huge BULL RUN right now.
Gold just hit a 7 year high and its looking good... we may even see $1900 gold soon but be prepared for a nice pull back.
So what would be a good time to buy GOLD? 🤔
I'm no financial advisor but on the monthly chart, any pull back too the 21 EMA (Exponential Moving Average) would be a good spot to get in.
The 21 Monthly EMA currently is around $1,423 but will continue to rise as time passes every month. 📆
Does this mean it's going to the moon right away?
Absolutely not, but the rise of gold will be an epic one and it will take a few years to do so but when it happens... its moon time baby!
Keep on STACKIN! 😎
~ Charles Fuchs
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