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Physical or Mining shares?

Lancers32

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Nope. ...and I hope your mining company options do great.

To me it seems a good time to eliminate counterparty risk and get out of bankster fictions is all. YMMV.


Will Bitcoin do?
 

solarion

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Absolutely. Bitcoin has no counterparty. A bitcoin in a cold wallet is a sunk cost with only the attached claim of the holder of the associated private key.
 

Lancers32

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10 years into the future, there's no telling what the US will look like. Ask yourself if you think it'll look better...or worse? Will the already out of control federal regime steal financial assets they can get their meat hooks into? ...I mean more than they already do? Mining stocks have worked out great in the past because there was significant stability in the US debt based economic system. That's no longer the case. Debt to GDP is 130% currently.

The fed is printing like mad to control the yield curve and blowing up asset bubbles to previously unseen levels. We look to Venezuela and their disastrous mess of an inflationary collapse and think, "well that can't happen here". Yet, guess which nation had the #1 performing stock market last year?

Do not forget that stock prices are measured in fiat...not ounces. Just because the numbers attached to those shares grow, doesn't make them "worth" more. You think the Dow and S & P are anywhere near all time highs just now? ...because big numbers? ...think again. Adjust for inflation, or better still measure the markets in mg/ozt of gold and you'll see an entirely different picture. As ever assessing the value of the world around you in terms of phony fiat debt dollars leads to a lot of incorrect conclusions. Don't be that guy, we're smarter than that here on Gold *IS* Money too.

What do you suppose these indices are going to look like when the criminals at the crimex are finally forced to take their jackboot off the price of gold? Consider also that both silver and platinum are both near 50% of their all time highs and will almost certainly outperform gold...probably by a significant margin. They certainly are thus far this year.

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I have no idea but I think Martin Armstrong is a pretty smart guy with some experience. He thinks we are still in a bull market for stocks which should last into 2032. How have stocks performed since 2008-9? Yeah Gold and Silver are up quite a bit since the 2001 bottom but a lot of gains have been and will continue to be missed by being metal centric to the exclusion of everything else.
 

solarion

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Inflation + NIRP/ZIRP policies are awesome for equities...the more the better. Yet, stocks are intended to represent production in the real economy and they're disconnected at this point. The real economy is being destroyed and equities continue making new highs. Stocks are going up primarily, due to money printing, M&A activity and stock buy backs and not productivity gains through innovation.

It will continue to result in bigger digits, but those digits are measured in terms of the US dollar, and as a result must be adjusted for inflation. When this is done the gains in equities will look far smaller. This is why most of the indices still have not reached 2000(dotcom) bubble highs, in terms of gold prices. It's also why gold and silver outperformed the stock market in the 1970s.
 

Lancers32

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Stocks are just pieces of paper worth what someone is willing to pay for them. Just a big casino. 1970's? Gold bull stock bear.
 

solarion

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Uh yeah, stocks were just sad about all the currency creation and gold and silver mysteriously loved it. You're kidding right? I mean this is 2021, you can always gather information on a topic. I was actually alive then btw. Anyone else reading this also has a pretty good idea of what happened in the 1970s. Stagflation happened. High unemployment, high inflation, low growth...stagflation. Interest rates spiked up to > 20% to arrest inflation. ...guess what that did to the stock market?

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Chart of US inflation rate.
 

solarion

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To be perfectly clear, I anticipate the same going forward now, with one small difference. Interest rates will not/must not be allowed to rise. Doing so would slow inflation, but would bankrupt the nation...due to the mountain of debt at the treasury. Stocks will do great in such an environment, the digits will continue to get larger and the participation rate will continue to decline. The S&P 500 will eventually be the S&P 7 as only a few stocks account for all the gains. ...ya know like now.

Trouble is it still will not outrun inflation. Better by far than sitting on piles of cash, but less good than sitting on PMs.
 

Lancers32

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Wonder where all that money floating around is going to go? If you think it will be Gold and Silver think again. Big money wants a bigger pool to play in. Sure Gold and Silver will do well but sorry to say the large players will gravitate towards stocks.
 

solarion

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Of course they will gravitate toward stocks, they've been well trained at this point. Don't fight the fed! Buy the dips! It's not a binary choice. Big money is being poured into equities, PMs, and cryptos. Big money is also shorting bonds. The system is awash with free capital just looking for somewhere to go...that's what extended loose monetary policy always causes. The question is, which will best preserve one's wealth. Historically that's pretty clear. What history doesn't say, is how cryptos will perform. The book is 100% out on PMs vs stocks vs debt markets however.

I don't really care that lots of people are going to continue to dump funds into their retirement plans and those plans are nearly 100% focused on equities. Even if there is some PM "exposure" there, it'll be paper PM derivative crap...and not real metal in hand. This is also, of course, precisely what a failing government will gobble up first. Amerikans have roughly $15t into retirement plans, last I checked, and it's only a matter of time before gumbymint drones scheme to take it away. Naturally it'll be done to "protect" Amerikans from evil inflation or some other risk, but they'll be robbed. Probably by forcing them into shitty US treasuries...which will get murdered by inflation as the fed implements yield curve control or operation twist redux.