As of the writing of this post, Precious Metals have enjoyed a very impressive gain, over this year, so far! They all sit far above where they were, at this time last year! You may hear or see persuasive arguments saying or indicating that there is no Inflation. I even saw some fantasy writing about there being just the opposite, of inflation! LOL!
All you have to do is look around you and compare the prices your are paying now, compared to the prices you were paying last year. Unless you are getting paid much much more( not the case for most) than you werper e last year, You are the victim of quite noticeable inflation. Food Prices have inflated by a very serious margin! Only a few areas have seen any relief, that amounts to more than a token reduction!
There are some Assets that are Certain to Gain Value, in times like these! Among these BitCoin, and certain other Cryptos, along with Precious Metals, and Investment Grade Coins!
BitCoin has risen above $9k, for quite some time now. It could be that it will never fall below $9500 again. As more and more Investors seek BitCoin, for the Hold, Whales have fewer and fewer BitCoin to manipulate the market in Profit Taking! Every time they sell huge numbers to drop the prices, they are only able to recover fewer and fewer BitCoin at Bargain Prices. In fact, the Serious, and ever Growing Relationship between Crypto and Precious Metals linked Markets, may well be the Final catalyst needed to Boost BitCoin, and many others, into a Very Long Bull Market! I know i have no plans, in the near future to liquidate Any BitCoin! I also know I am not the only one!
Only time will tell for sure, but there are Strong Indicators coming out of the Proverbial WoodWork, that say Yes The Time Has Come! As More and More People wake up to their Surrounding Environment, the Demand for Hard Assets Will Continue to Place High Pressure on Supply. A Certain Economic Fact being that as Supply Decreases, and Demand increases, Prices Will Continue To Rise! I challenge You to go out and price a Gold or Platinum Coin of 1/10th oz. You will quickly realize that the Price is Much, Much higher than 1 ounce, of that precious metal, divided by 10! That is if you can find one at all! Most commercial sources have indefinite Our OF Stock! If you find this hard to accept, simply go out and do the research for yourself! It could be as easy as going on line and leaving an email, be notified when the coin is back in stock. Please don't hold your breath. LOL!
As of this very moment - BitCoin sits over $9500 and Tezos sits at $3.15! This could be all time lows from this moment until some quite distant date. Both appear to Solid Vehicles to Diversify some of your investment funds!
Gold is floating just under $1900/oz, Silver at just under $23, Platinum at $950, and the Super Expensive Palladium sits over $2,200/oz! If you had bought a couple hundred ounces, just a few years ago, you would have cleard well over $100k. Silver is very likely to be one of the serious contenders, in transferring Wealth forward, for many wise investors who diversify. Any Price, under $50, would be an affordable alternative for many ordinary people. Past that point, it will most likely be of those missed opportunities, for most people! Remember, it was not all that long ago when Silver sold for $11 and $12 per ounce. It is most likely that those prices will not be seen, for decades, if ever again. Let that sink in.
I hope this gives you some food for thought, and helps you see things from a different perspective. I don't have a magic window, into the future! But I do have Years, of experience, research, and education that give me confidence in what I am observing! I am not a financial advisor, but i do know the value of some wise old sayings! One of those is not to place all your eggs in one basket!
If you find this post interesting or of any value, I suggest that you read my prior posts, that are related.
Thank You for Your Time Attention and Interest!
Anthony
