Investing in Gold and silver or Digital Currency

[Angel993]

So what are the chances of gold and silver going back down or skyrocketing??

 

[olerambler]

You forget about Copper cobalt & few others refernce rare elements for cell phones lputer EV batteries

 

[olerambler]

So what are the chances of gold and silver going back down or skyrocketing??

My opinion gold silver go back down if Stock market levels out and stays own upside. It all goes in cycles .

 

[Hayata]

So what are the chances of gold and silver going back down or skyrocketing??

50/50

 

[Angel993]

I appreciate the input ill have to think about it carefully before I go and start buying stuff

 

[fz1boxer]

physical gold and silver are like a checking/savings account thats harder to access,you wont spend it with the swipe of a card.be your own bank what ever you have in your checking savings account on average have at least that in gold/silver to back it up because the government isn't.

 

[Rougarou]

In a emergency situation if and I mean IF we were to have a catastrophic event gold and silver will always trade cryptocurrency and paper will be worthless.

 

[titan2k10]

These kinds of posts are my favorite on this site. Never ceases to amaze me how dated some particular lines of thinking are.

Crypto is interesting as a thought experiment to me, just in general not something that I am heavily invested in.

G&S cool stores of value but not investment grade and if the world is collapsing I wouldn't give you a ham sandwich for 500 pounds of gold if it meant my child would even go hungry and you starve to death. Just like fiat you can't eat it. Heck at least you can wipe your rear with fiat. Yes I do own some silver and gold but it will never be a significant portion of holdings from a wealth perspective to me.