RE: Gold and Silver for Investment, or for Insurance? (Don't Forget Bitcoin)
Gold was a Buble, Bitcoin it's a Buble. When it come to Gold, most people doesn't understand when it started. It's why I did my reasearch and you can see all here.
-> https://steemit.com/gold/@vedernikov/was-gold-rush-predictable-or-it-matter-of-chance-and-luck
Lately I use the same chart to predict Bitcoin drop and was successful.
Gold for investement it isn't smart..I have also, another blog...where I show, how investement in divid. stock was much more "winning" than gold. And wait gold for 10 000$...would take something like over 60years if I remember ...
As assraunce...sure, but that it. Holding gold...you loose money every month (in negative cashflow).
PS: I was in the buble, bought at 15 ad 18 silver, solded day before the dumping at price of 49$ , 50% , and other 50% at 35$. After that , I saw how many people start to get in when I was out... it was like "god arive"
Thanks for the feedback, I agree, gold is just for insurance in cash shit hits the fan for me. I should have sold at the top these past 2 years lol.
never tolate to sell :) well..at soem point it would be just a waste of money...keep it, it's still nice to look at. I think the real mistake, it's 1- people put all money in gold...like all they money in Bitcoin and stress about, because they have no exite strategy , only hope. ( Same for stock..etc...). If you buy gold, and short "ETF" , when gold go down, well.. then you play smart.