A friend of mine is a great fan of Mike Maloney, and whenever Mike has any new youtube video, he will definitely watch and share with us.
When I first get in touch with his theory few years back of USD/FED conspiracy , currency overprinting & physical metal investment for value. I was quite buy into his idea.
But as my investment learning journey goes along, I started to have more queries/doubts to his long promoted theories.
Today my friend again share the latest video of Mike's. So I took a watch again as little bit free today
In his video, he mentioned about Gold/Silver Ratio, which I think if we religiously practice what he said, then we would end up losing in investment only.
Source: www.youtube.com/watch?v=G5fYZTo0jJE
As he said, when Gold/silver ratio hit 70, meaning 1 oz of gold able to get 70 oz of Silver, it's time to switch Gold to Silver. And when the ratio below 40, you do the opposite way, switched from silver and get gold.
But referring to the historical gold & silver price starts same year 1995 he mentioned. Switch between silver and gold can only make you holding more and more physical precious metals, and you don't really make any money , but maybe a house full of precious metal.
Source: https://www.macrotrends.net/2517/gold-prices-vs-silver-prices-historical-chart
Then you will be worrying where should you keep the precious metal , in the safe ? end up you lose in safe deposit maintenance fee. Or you dig and build an underground warehouse ? It's totally not practical in the case of Asia or even in America, you gotta stay super far away from city to have such large land to build your own underground warehouse and full-armed (who knows someone would come and rob?)
The storage of value , in my own view, I think it should be going digital , cryptocurrency way or block chain way , rather than going back precious metal backed currency.
I'd better have Hive or Bitcoin, they store more value than gold silver right?
What say you?