Image Credit: Warosu.org
Are you ready? Have you stacked some shiny? If the answer is no, it's not too late to get aboard the train...it may have left the station, but it's going slow and the doors are still open.
If the market moves told us one thing last week, it showed us that silver, gold, and other commodities, are VERY volatile. Shocker, right? I know, I know. That isn't anything new. I was happy to see my stock portfolio, heavily weighted in mining stocks, jump by about 10% that day. It dropped a few percent the rest of the week, but in my opinion, the metals market has shown it's hand.
And I'm not the only one who thinks that:
The Daily Coin wrote a great piece that can be viewed here: https://thedailycoin.org/2018/02/15/gold-silver-leaving-station-board/
But in summary, there were two main take-aways:
A typical quote by a banker:
And a great summary by the Daily Coin:
The quote above is probably some of the best support for what I have been saying since late summer 2017 about gold and silver moving, not just higher but, much higher than where they sit today. It doesn’t say when these words were spoken, and it doesn’t really matter, as they held true 100 years ago and will hold true 100 years from today. People will only begin to pay attention when a market is moving. Look at what happened with the cryptocurrencies in 2017. In 2016 you could gathered as many cryptos as you wanted, outside of bitcoin, for $500. Had a person done that, they could probably retire today.
If you have been acquiring gold and silver, especially silver, over the past several years you should be feeling pretty good about now. You live in rarified air. The train has already left the station and as the masses figure it out and attempt to get on board, these two forms of money will move to the upside like people are not used to seeing. The train will be long gone and those of us with a nice stack will have many options before us.
Basically, like I mentioned above, metals prices can move FAST. Like we saw in cryptos at the end of 2017, they went crazy. Unlike cryptos, there are only a FEW precious metals out there. While new Alt coins are introduced every day, we aren't exactly finding new precious metals every day. So you will want to stock up now and beat the crowd. At that point, not only will you be fighting the rising spot price, but premiums will also rise because scarcity of the physical product.
CHOO CHOO
-Randomness
P.S. - Need to learn more? Swing by #steemsilvergold for the latest updates in the Gold/Silver sphere!