Hello, today i am mostly going to be talking about the future of silver and gold. Is there ever gonna be a time when precious ever moon again? Will there ever be a demand for physical gold again, why would there be when everything is going the other way towards just numbers on the screen. I dont carry a wallet, i pay for everything with my phone. I have not placed a decent silver order in months cause i think it will be better invested into bitcoin. Everything in general is moving toward the "cloud" and physical silver and gold are starting to look boring compared to all this crypto stuff. I have a decent whack of silver and i have no plans at all to part with any of it but this is mainly due to the fact that it takes work to sell silver bullion. There are no LCS's in Northern Ireland and everything needs to be sold online and then posted out to all the different people. With BTC, i send it to me BTC ATM card and go to the ATM machine, job done.
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Were living during crazy times and the stock market could crush massively in a few months and Precious metals could moon and we get lots of the new people interested.
Without doing any extra research and not going on numbers i would say it is safe to say that Precious metals run the opposite to the stock market? When its up, metals are down and vice versa. Stock markets crashes come around every 8 years and 2008 was the last big one so i think we are overdue. New money keeps getting dumped into tech stocks and i dont see an end any time soon and most companies are overvalued, i see prices like x20-x30 times company market caps and think it nuts but i think it's gonna keep on going. Let's face it people, we our boring. Well, not us but you what i mean. I never seen stacking silver in the same way that people collect stamps but i think that's maybe that is how other people view it. I hope not, no offence but stamp collecting looks like a granny thing to do. Precious metals are solid, shiny, heavy and manly as fook.
I have been stacking silver for 6 years almost and the price has always just gone sideways for me, i remember it got really cheap like 4 years back and then it jumped after the Brexit vote but since then and dropped off and gone sideways. I just do not see it making a comeback in any big way anymore, i still plan to buy some every year cause one thing is certain, it'll never drop to zero but right now it's not even proving to be a hedge against inflation. With that said, i still think it is the safest way to store value and in 1000 years, people might not be trading Uber are facebook stocks, bitcoins and cryptocurrencies might have died off hundreds of years ago but silver and gold will still have some value. As true as i was born and i will die on this earth, my silver stack will remain on this earth until there is no more earth.
What does the future bring for Precious metals, fook knows. I personally do not care of the £ value, i waiting for a 45-1 stg ratio and when i convert and i get my gold, im gonna get all sov's and then i'll start caring about the £ value. Until that day comes, i will continue to buy up small bits of bitcoin and earn STEEM until the next bull market comes and then it's crypto cash out time which will result in a huge silver and gold order cause im not buying overpriced stocks are keeping money in the bank that my wife has access to. I plan a really big order the day i cash out most of my crypto's, im talking 4 figure oz silver order and a few oz's of gold like it aint no thang.
