Fight FOMO: Sell your stocks and BUY Silver!
In today's video I discuss the recent interest rate hikes as well as the promised rate hikes to come, as well as the stock bubble popping, and how today's stock market is very like the late 2017 crypto bubble.
The Time is Now: Buy Silver
Today I want to discuss some of the economic forces that lead me to believe deeply that the future price of silver bullion will rise rapidly, at the same time as the stock, bond, USD and real-estate markets are collapsing.
If you've seen my videos you know I stack silver and I am on my journey to 1,000 oz, but why am I bullish on silver today?
In part because silver has been undervalued for 7-8 years, suffering a drawn out bear market, while all other sectors have boomed due to quantitative easing and market manipulation.
In short, I believe in silver today because of the old adage, buy low sell high. If you are buying silver today, you are a minority, and that is always a good thing, because the herd never knows what its doing. Ninety percent of traders lose money because chasing gains they buy at all time highs, rather than buying red-candles, and I am here to say if you buy stocks today you are the 90%.
Bull Trap: Pop!
I really think we are at, or possibly beyond the apex of the Stock, Bond, USD and real-estate bubbles which started in 2009 after the QE wealth fabrication began. If I am right this is what the charts may look like in 6 months to a year.
Fight FOMO: Seperate yourself from the herd
On the other hand, if you move out of stocks today, and into bullion, I really believe you are fighting FOMO, and seperating yourself from the herd, and setting yourself up for a big win. Silver might not reach all time highs tomorrow, but I'll buy into a 7 year bear cycle (silver), over a 9 year stock bull cycle anyday.
Here is what I had to say on the matter in a short video I posted earlier today on Youtube, please be sure to give me a like and a sub. Thanks guys.
Sell Stocks, Buy Silver: The Time is Now!
As always, thank you for your time and attention. I hope you have an awesome day, God bless you.
That all makes sense to me. I think one of the other ways that companies prop up their prices is through using the money they repatriated to buy their own shares. It makes it look like there's more demand than there is. Technically, there are fewer shares outstanding when they buy back, so each one should be worth more, but not to the level at which they're doing it.
100% true and it confuses their actual market valuation.
Market manipulation at its finest.
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This stock market mania just can’t keep going forever. I’m amazed it’s gone on this long since the last financial crisis, tbh.
Ron Paul has said this is an everything bubble and I’m inclined to agree.
You know Ron Paul is a guy a long time ago I thought was crazy, but then years ago I started listening and respecting him, and the older I get the more I think he is a genius and I wish USA and modern economists listened to him.
I agree, its an everything bubble. I hope the bubble doesn't pop, but I feel confident it will, and soon.
I want it not to pop because it will terrorize many people, it the worst way we can imagine. Lost jobs, homelessness, starvation, etc, etc, etc. Not to mention my investments in the traditional system, namely the wealth tied up in my home, my pention, and my wife's RRSP's will just evapourate.
Don’t wanna get nosy, but is it ok to ask if you own a house down there in Surrey? I expect the real estate bubble down there to go to hell in a hand basket soon, especially if Justin Trudeau gets another majority government next year.
Yes and yes. I feel the same way. But its like @TruthNeverTold says on Youtube, when the bubble pops let them take my house. Ill have silver and crypto and will buy a better home with land when things settle.
Hopefully it doesnt happen tomorrow but I am more prepared today than yesterday and God willing I and my girls will be more ready tomorrow than today.
Food preparation, Silver and crypto accumulation are going to help me.
Reading through some of the other comments. If you have a fixed-rate mortgage, then you could potentially keep your house if we enter a period of hyper-inflation. More dollars will be flying around, so you might be able to pay it off. On the other hand, if it's variable-rate, that would make it infinitely more difficult to pay off.
I can't give investment advice, so take from that what you will. ;)
Fortunately fixed rate, however, depending on the crisis' duration, and when the crisis begins, it may end up being the case that my mortgage term comes due, during the event. That would suck, but it is a possibility.
I believe in God, and I choose to put my faith in him, meaning if the worse happened, and we lost our home, I am confident God's got me, and we will get through it somehow.
Fingers crossed it doesnt play out like that tho...
Yes, no doubt about it, if the Canadian dollar hyperinflates, you could pay off your house easy, it what would your house be worth if you pay it off?
Not sure I understand your question, but if hyperinflation crushes the CDN dollar, then I would expect my bullion to SOAR in value, also my bitcoin, litecoin, etc.
So yea, depending how and when the event unfolds, I could imagine a few scenarios where I really clean up, but timing is always the key. Timing of my mortgage term ending, timing of the market popping, etc.
As for market value, I suspect if the banks fail, the mortgage industry will cease to exist, meaning houses will sell for cash value, and that will necessarily be a lot less than in this market where you can borrow hundreds of thousands of dollars at 3% interest. I have heard houses, in a cash market, would probably be worth 10cents on the dollar, and I think that's probably right.
My house is on paper worth $600,000 CDN, so maybe its actually worth 60,000? Time will tell.
Does that answer your question?
What I was trying to say was what would your house really be worth if the Canadian dollar hyperinflated? My own personal belief is your house wouldn’t be worth much. So I agree that your house may be worth a fraction of what it is now.
And yes, bullion would soar!
OIC,
Terrifying and yet we can use that terrible event. Like Mike Maloney says: the biggest wealth transfer in history is coming.
I know we’re beginning to see an uptick of inflation here in Canada at the moment. Watching our current federal government bungle our finances and even more mind blowing our fellow a Canadians are tolerating it. Then our government insists we need a carbon tax most people can’t afford.
I weep for our future unless we change course.
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