GOLD!!

[Bigbroben]

And just like that, gold reaches an all-time high of $1930 USD right at the start of the week.
What an edge!

Could be headed to 2500-3000 by year end, who knows...

[Taotie]

In this world that's gone mad, 10k is possible.

[Steve]

That's because the only thing holding fiat currency together is dying (confidence). People are seeing the scam. And the elite know they're on borrowed time.

When people don't trust the government, many buy gold.

And with things like bail-in laws, people are expecting a repeat of Greece. That means in a collapse, money in your bank will be legally stolen by banks.

Gold is mostly a store of value though. But if that's your intention, get physical and certified gold. And a really good place to store it. Paper gold is worthless in a collapse.

I personally prefer land. But it needs to be where it's scarce for an investment, unless you're actually doing something with it.

[winkel]

Old Rule: Leave the market, when gamblers come in.

[Roulettebeater]

So when it comes to capital control, banks can do whatever they want with the money. The same applies to gold stored in bank.

As far as I know, people who own gold store it in banks!

[Bigbroben]

As far as I know, people who own gold store it in banks!

Lettebea,
wise people don't leave their gold/precious metals abroad into someone else's hands.  Even if the institution is most trustworthy.
If you don't hold it you don't own it.

Best is to bury it under a tree on your land.
*****

Silver has quite a way to go to its historical top.
Mitigated: it serves both an industrial usage and investment.  I believe it will also get to its high, but not sure when.
Silver coins are beautiful and more accessible to the common man due to its lower price.
Depending on industrial demand, Gold/Silver ratio might go lower to 50/1 or 30/1.  Better leverage in a tiny market.

But gold is the major indicator.

[Bigbroben]

In this world that's gone mad, 10k is possible.

A question of time.

At some point, precious metals will not be denominated in $ or any other currency.

[Bigbroben]

This is when markets start to go berserk...

[Steve]

Jump ship. Fiats are sinking, like in Venezuela. Fiats are literally a scam.

[pepper]

As far as I know, people who own gold store it in banks!

Storing your gold in a bank undermines the whole purpose, unless you are so confident that the banks won't crash, but why would anybody be?

[pepper]

Jump ship. Fiats are sinking, like in Venezuela. Fiats are literally a scam.

It's funny how the government can just print any "value" amount on a green piece of paper to make it worth whatever they want.

[Mister Eko]

So can I put lot of money on gold?

[pepper]

So can I put lot of money on gold?

Gold and silver are great investments to diversify your portfolio. Cheers

Here's info from: link:s://:.moneyunder30.com/buying-gold-is-it-time-to-add-some-to-your-portfolio#:~:text=Since%20gold%20only%20performs%20well,metal%20is%20the%20best%20course.

Since gold only performs well in very specific markets, it's best to hold a very small percentage of your portfolio in it. It's generally recommended that you not invest more than five percent to 10 percent of your portfolio in precious metals. Investing in the metal is the best course.

[Steve]

It's funny how the government can just print any "value" amount on a green piece of paper to make it worth whatever they want.

It wouldn't surprise me if soon we see the completely digital currency from governments, and people will get "covid-stimulus" payments with it. It will help it become more accepted. Come to think of it, that should be an obvious step.

[Bigbroben]

Holy crap!

Something's going on big time.

Guess naked short selling is no longer happening...

Will we reach 2020 by 2020?!?