Could Precious Metals Equities Ever Rise 5,000% Again?
by SGT, SGTreport.com
"I think all of the gains in the crypto currency space, most of these going parabolic recently, this is the canary in the coal mine of the gains that are going to come in the precious metals sector. At the end of the day, when you look at gold, when you look at silver, precious metals (unlike cryptos) have stood the test of time", so says Edward Karr the President & CEO of US Gold Corp which trades on the Nasdaq as USAU.
Mr. Karr predicts:
"The mining stocks are going to go up tremendously. I really believe that if we get a nice pullback in the market, we're in the last stages of this bull market, I think that fear as people start to panic, the money will flow right into the precious metals sector... there is no better place to be to protect yourself and your loved ones than precious metals."
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great interview Sean. Some PM investors are suffering to see the cryptos gain, i think every PM investor should own some cryptos too, just in case and to be more diversified
According to Clif High the ppl reinvesting their fortunes from cryptos will stash it in silver causing enough demand to break the price supression. Sounds plausible to me.
Yes sounds like a good advice, many people like me made mistake buying the silver first and cryptos later
I did exactly the same man. I def underestimated their ability to keep the game going.
But i am trying to be positive and think that without owning precious metals i wouldn't have the courage to invest in cryptos. If cryptos fail then PM will rise a lot, so it's my insurance
Most Holding crytos don't care about metals and even make claims metals have no monetary purpose anymore so I doubt that will be any real push.
As well... there is nothing like owning a little to help you understand how wallets, transfers, mining fees, security and all the rest of the crypto specific nuances work. Many people see the price and think they missed it, but since they each break down to 8 decimal places, spending $100 and getting ~.0304BTC doesn't seem worth it , but none the less, you can still use those funds to practice and learn how this stuff works.
Yes that's how i started, and then it helped me understand faster than reading and researching. Once i understood i immediately bought . What is great about steemit is you can start with no money. I think new people should try steemit first before getting bitcoin
Thanks dj, agreed. I own physical precious metals, cryptos & some mining stock shares.
Hi Sean, I just watched the interview of Jerry Robinson on reluctant prepper. It was a great interview, he has a good portfolio management which include 5% cryptos for growth and speculation as well as PMs as the insurance
Blockchains are capable of being the "launch pad" for precious metals. Lets be real, we all know the precious metals market has always been manipulated since its inception. Crypt0 can fix this issue and possibly give some of these metals a higher value down the road because of blockchains usefulness. So short term I think crypt0 will continue to rise much higher than all these metals. Eventually they will have a big spike though, and it will be because of the advancements in Bitcoin/ blockchain.
Hope you're right . Now following, please follow back
I'm following you
Good point, I agree as Blockchain technology and AI will surely create a new industrial revolution.
Feel free to see my latest post about how I exposed @dan ´s secret plan to take over the world. More success to you.
@thejohalfiles, are you suggesting that the blockchain technology will be used to fix the price manipulation that we currently see? How do you see that playing out?
Just a matter of time before the whole Nation Zeitgeist is that of crypto and precious metals. The need of silver for industry is high. If we can decentralize this grid, we can really free ourselves up a bit.
Thank You Sean and Yes I Love STEEMIT and enjoy Supporting your work here vs. YouTube which in my opinion has done very little towards protecting Freedom of Speech. Up Voted Absolutely !
Thanks a LOT stokjockey, following you.
YOU HIT THE NAIL ON THE HEAD WITH THIS ONE AND WE UPVOTED AND WE WILL RESTEEM IT
really appreciate it NC428.
PRECIOUS METALS FOR THE WIN
Thanks
Since miners are basically a leveraged play on the underlying precious metal, we definitely should see profits as big as 5.000% in some of them.
If you're bullish for Gold/Silver with a timeframe of more than 1 year, OPTIONS implicit volatility also looks very good (as in very low). Thus you could either play Options on the precious metals or even on the miners and create a very nice asymmetric payout structure!
Thanks for the input iarumas. I do think that the rise of cryptos is major salt in the wound to many of us sound money investors. Silver at $16 while Amazon is at $1,050 and Bitcoin is at $3,200+ is absurd.
Actually I'm not that unhappy with Silver at $16 atm. As I said, have a look at the implied vola!! I'm currently stacking up on some options with maturity up to 2 years out. Could be too early, but then again, the vola is so low, the options so cheap, that you're losing very little to nothing if Silver stays stale, but gains will be tremendous if "something happens"!
But I totally get your frustration!
Cheers!
if the banks hyperinflate I dont see why not. If the Dow goes to 50,000 or whatever then the mining stocks and etf's should go up too, i would think. As long as your holding before the hyperinflation and sell before it all goes belly up, then you should get paid. Rather just hold physical and not worry about it.
thx
As usual a thought provoking video 1 up