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One Bank’s Advice: ‘Stay Long Gold’
As you're undoubtedly aware, gold hit a fresh one-year high overnight on Friday as the dollar plunge
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I start to wonder, whether there is kind of great reckoning. Crypto-Currencies in recent past gained supporters in the multithousands. Ease of trade, limited supply by mathematical limitations and physical limitations (energy to spend for mining new crypto-coins) surely are seen as merits by a new generation, saddened by claims of their dad or granddad claiming, only gold is a non fiat currency “in the end”. With North Korea building an H-bomb it may be, some crypto-currency owners get second thoughts. Should they or any other insane dictator be capable to let such an H bomb (or two) explode in high altitude, cryptocurrencies might be gone momentarily, as the electric grid will be destroyed and any survivor down on earth is finding him(her)self in stone age ? Only the coins (Eagles) at home may buy some bread (if any). Of course this nightmare may not happen. But it reminds “investors” in Cryptos, that physical ownership of gold remains a wealth of last resort shld the unthinkable happen for whatever reason. With the desire of DT to extinct debt limits you may find an additional reason to mistrust in the currency the politicians are eager to control. To me GOLD is not so much an indicator how to protect against inflation (dad cat), but an indicator of how much trust investors put in the capabilitiy of reigning forces to continue in the way that lead us to current calamities.
Why would Morgan Stanley purchase 650 MILLION OZ’S of silver over the last few years? They must have a bigly door to stop. H-you always use a doomsday scenario when trashing people trying to hedge their bets with PM’s on an uncertain future. Some gold and silver stocks are as good a play right now as almost any investment moving forward. China and Russia have entered into an agreement to buy oil with gold backing the yuan. This is big for the future of the dollar and for gold and silver. The East (China, India, Russia Turkey and many more) have accumulated vast amounts of gold and silver while the west has not. Why? They want out of the dollar that’s why. The full faith and credit (20+ trillion $$$ of Debt) of the United States. Can’t understand why they want out? HUM……… https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-with-oil-benchmark-backed-by-gold
If gold bothers anyone invest in silver..By the time Trump is thru injecting this economy with the kind of money he loves (other people’s..or in the Fed’s case nobodys) silver will decimate the gold:silver ratio and make new all time highs. Cryptocurrencies, at the end of the day, can only exist where governments let them (seen China lately??)…