One thing we tend to do, is forget the past and attribute our current experience across all realms
What am I saying?
Well, im talking about forgetting that the gold and silver prices are not the same as crypto prices
I don’t think the price of gold and silver has realistically moved 50% in any direction within a 1 day time period
Bitcoin has
Ethereum has
Hive has
Many other coins have
One thing that gold and silver have that crypto doesnt have, is a long history of price performance
The funny thing is, gold probably has the most price charts since it has been track for thousands of years
With all this said… who is to say that gold won’t move sideways slowly pointing downwards…
For all we know, price of gold can slowly work its way back to $1,999 even well into the 2030’s… before having an epic run up
Same for silver, there is no rule that these prices will run up like crazy, even though we know they should be way higher
Which is why, I am going to be changing up my purchasing strategy for a while until I see a major shift of direction
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While I can make or lose a quicker buck in Crypto than gold and silver, I simply keep both as my off-grid wealth. I'm just as happy to be accumulating crypto next to my PMs.
They often call crypto “digital gold” for a reason :)
Prices of Golds and silvers will eventually get up high as we have the buyers and people who look for it for practical uses. Some of the people who use it for ornaments and others for stacking it to make profits later.
But in the global market, the higher chances are there for price to move up alongside some crypto's which have seen potential price pump.
absolutely!
There was a 24k gold necklace I wanted but didn’t get now the price has gone up so much. However higher prices get though there will always be a demand like you said :)
During this baby boomer transfer of wealth I imagine a lot of 20-55 year olds will inherit precious metals and fine pieces. I also imagine this will be the when a lot of people get more interested in metal stacking and join the club :)
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