Time To Stock Up On Precious Metals?! GOLD AT LOWEST PRICE THIS YEAR!

in #gold6 years ago (edited)

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As the dollar keeps losing its steam and the crypto markets are getting punished, precious metal markets don't seem to be faring much better. Gold dipped to its lowest point this year ($1,160.37) last Thursday, according to Trading View, but has since bounced back to nearly $1,200.

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Silver has also seen better days... Hitting a low of $14.33 on August 16th. Perhaps the political climate has something to do with these fluctuations. There has been quite a bit of commotion about the trade war that is currently ongoing between the US and China.

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All of the causes of this down market may not be 100% clear at this time but the fact remains that precious metals and other finite resources, such as Bitcoin, are one of the best long term investments in situations like these. I don't think anyone can argue that the housing market isn't in a serious bubble right now just like the stock market- it might be time to take a step back and re-evaluate the bigger picture.

What do you think about holding gold, silver and other precious metals in your portfolio? When do you predict the housing market and/or stock market will crash again? Do you like crypto more than metals or both?

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*Never invest more than you are willing to lose and always do your own research before making any investment decisions. I am NOT a financial advisor and this is NOT financial advice- this material is intended for entertainment and informational purposes only.

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Load the boat before it is mooning

What is the real estate market like where you're living? Right now the US is in a serious housing bubble and prices keep getting higher and higher. I think by 2020 we will see a collapse in housing prices just like the 2008 crisis.

Yes also not looking good here, only buy after a collapse, and we'll be fine. I read in a book somewhere, the signs of a collapse, one of the sign is the collapse of emerging market economies and people are running for safety to US dollar which they think is a safe haven, but not. We are now seeing that sign, so it is close

To infinity AND beyond!

Interesting choice of topic @hotsauceislethal

What do you think about holding gold, silver and other precious metals in your portfolio?

The truth is that I wouldn't even know how to buy gold or silver and i dont think many people from my environment would know either.

At the same time buying crypto is so much easier and untraceable. So crypto is my "bet" for future.

Yours
Piotr

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