Gold, Silver and Bitcoin Soar As Trump's Comments Cause US Dollar To Plummet
We stated that Trump is going to help bring down a barrage of news and market movements. He’s not even President yet and it has already begun.
In a Friday interview with The Wall Street Journal, Trump said the US dollar, which touched a more-than 14-year high about two weeks ago, has gotten “too strong,” against the Chinese yuan. He told the WSJ, “Our companies can’t compete with them now because our currency is too strong. And it’s killing us.”
The US dollar sank soon after and stock markets in Asia, Europe and North America were mostly down on Tuesday. Gold, silver and bitcoin all skyrocketed.
Gold was up nearly 1% on the day and is up just over 4.84% year to date.
While silver was up over 2% on the day and over 5.2% year to date.
Bitcoin had a tremendous 2016, rising over 129% and spiking up to an average high of $1129.87 on January 4th. It then dropped dramatically after the Chinese government threatened to crack down on bitcoin exchanges, but has now risen nearly 17.5% in the last 7 days!
COULD 2017 BE AN AMAZING YEAR?
Will 2017 be a great year for the precious metals and bitcoin?
It’s all how you look at things and how you are positioned. Some on the internet admonished that “2016 was the worst year ever” because aging celebrities passed away. These people clearly have no idea what a “bad year” looks like.
Of course, it is true, we stand at the edge of a gaping chasm of debt. But, if you are prepared it can not only be survivable… but it can be profitable. Instead of worrying about what might happen, be like in the cartoon below: Purchase precious metals and bitcoin and don’t worry about Trump.
By worrying you are emitting negative energy which only attracts more negative energy. It also creates a lot of stress on your body which manifests in physical ill health.
Educate yourself by registering for our free live webinar on January 24th when TDV’s Senior Analyst, Ed Bugos, will release his top mining stock pick for 2017. It is trading at mere pennies but Ed thinks it will rise exponentially in the next 1-2 years.
Then claim your seat for our all inclusive full day TDV Internationalization & Investment Summit to be held on February 24th in Acapulco, Mexico. You can see it here:
I have a serious question for the crypto skeptics out there. Is it possible for Bitcoin or Ether to ever tank completely? I mean, investors often complain about volatility - but investing in crypto as a whole seems fairly low-risk compared to most other investment options. At worst, it may lose value down from buying at a high, yet the best-case scenarios are all extremely good. So low risk of loss and high probability of gain. Is this misguided at all?
:-) Andreas
Upvote!! :)
Hopefully this crypto rally continues for much of 2017 and drags steem with it. Nice write up Jeff!
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