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RE: Did you think it would last?

in #steemsilvergold6 years ago (edited)

People seem to think that the GLD and SLV ETFs are some kind of a price indicator for the real price of the REAL SHINY. They are not.

To end the GLD and SLV hold over the price-action, the best thing we can all do is continue to buy and stack physical precious metals.

When things get dicey, people will start to demand delivery of their gold and silver. Of course, we know that there is nowhere near the real amounts of gold and silver in existence as they trade every day, month, and year on the exchanges. If one large investor in long positions makes a margin call, the entire game of rigging the silver and gold prices will come tumbling down.

At that point, REAL, FREE GOLD and FREE SILVER (that held physically by stackers like you and me) will get a massive gap up in price. It is not long now.

holdfast.jpg

A side-note on cryptos: we all bought-into cryptos at higher levels than they are at right now. Don't be a bonehead and sell at a loss. The prices will come back, but it might be a year or two before they do. Don't just HODL your current levels of cryptos - BUY INTO THE DOWNTREND to acquire a larger position in UNDERVALUED ASSET CLASSES. People are running away from cryptos. "Blood is on the streets." This is when the smart money starts accumulating for big returns in the future.

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