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RE: Gold hit $1700 USD and $2300 in Canada! What's next?
I'm tempted to trade my 1 oz. Gold Maple Leaf for almost 100 silver Maple Leafs.
Posted via Steemleo
I'm tempted to trade my 1 oz. Gold Maple Leaf for almost 100 silver Maple Leafs.
Posted via Steemleo
If you believe we're heading into a long bull market for metals, that's probably one of the smartest things you could do.
Look at it this way - the opposite way.
In 2011, at the TOP of the precious metals bull market, I was sitting in front of 30 Silver Maples and wondering if I should trade them in for 1oz of gold. I decided that silver was going to continue to gain against gold, and that I'd convert to gold much closer to 10:1. Turns out I should have just gone for it. Reason I didn't was that I didn't see that top happening. I thought PMs were going to continue to sail. I thought there was a free market, or that PMs had broken free of manipulation.
So, are we near the bottom for PMs, or are they going to resume their bear market that began in 2011? That's your question.