A few days ago, we interviewed Egon von Greyerz of GoldSwitzerland.com about the geopolitical situation.
Is the US empire disintegrating? If so (spoiler: it is, according to our guest), should investors be stockpiling gold as billionaire hedge fund investor, Ray Dalio suggests?
When we spoke to Egon on Friday, gold was in the 1290 range where it had been hanging out for quite a long time. This is what it looks like this morning:
As of yesterday (following North Korea's missile launch over Japan), gold and gold miners have busted out above their 200 day moving averages.
Most of you here on Steemit will be children of the crypto so won't remember the long journey into the night for gold investors who have been waiting (impatiently) since the birth of bitcoin stole gold's momentum, but now could be gold's time to shine as madmen make their moves on the global stage where the old world order could be giving way to the new.
[Signed, Stacy]
Gold will probably rise but ill stick with ICO's.
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Me too. Higher risk, higher reward. I like living on the edge.
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Definitely higher risk!
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It's about time gold went on a bullish run but crypto is number one now in my opinion
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Silver and Gold Baby! ... its about to run :)
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... and no matter what happens, they will still be a good store of wealth (purchasing power). :)
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Gold and silver will always have a place next to my crypto!
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Metals and crypto are only two of many baskets. Then within those categories, I split them up even more to hedge even further. :)
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Twin destroyers of the fiat currency regime!
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And destroy they will!
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I've always viewed gold and silver as a hedge for a downturn. Not just with the overall economy, but my own personal economy. There was a period in my life that I was out of a job for 8 months, thanks to oil and gas getting cheap! During that time, the sale of gold and silver coins kept a roof over my head, gas in my car, and food in my belly. Luckily, I had just enough to do that for an entire year if needed!
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I also like them because someone has to risk death to steal them from me. Crypto? Not so much... I have both crypto and precious metals--and other metals.
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Cryptos, Precious Metals, Stocks, and Real Estate. This is how my net worth is diversified, with cryptos being the most weight right now due to the amazing bull run we are in!
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Good news
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ohhh, I am so tired of those golden BEARS. Five years. Almost six !
But...never the less - I trust the BULLS will come back.
Creating a new gold coin is by far a lot more complicated then to start a new shitty crypto ICO.
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this is a real max keiser steemit?
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Been waiting for this patiently quite some time ...
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I'm waiting for the next cartel smack down. Still see value in holding physical however!
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Yeah, there is no end to the manipulation of PM's it seems. It creates an amazing buying opportunity I suppose.
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Should store Bitcoin :/
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Should be stockpiling Bitcoin
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About time I say! Gold moves reaaaallyy slow compared to crypto, let's see how the range of actual moves compare.
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Yo almacenaria en agua.... broma. Creo que la tendencia es la criptomoneda.
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as Good as Gold..
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The goverment and those who control the gold made a tough decission to fund it. Else there gold will be devalued. But, honest opinion, gold still the best investment. It may not devalued and has a physical representation unlike crypto only.comes digital.
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I would suggest buying gold and then just burying it in the yard.
As, before we get to a good point for selling gold, there is going to be all kinds of world upheavals.
So, just bury it and forget it.
Because, this time they are really going to confiscate gold, not by decreeing that you should turn it in. No, it will be a sign that you are a terrorist, and since you are a terrorist, all your possessions (the gold) will be seized.
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Nice Post here
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Physical (you can hold it) Gold, Silver & even copper have and always will be important. They co-exist beautifully WITH BTC, Ethereum, and Litecoin.
Thanks Stacy & Max...so glad I began watching your show some years back. ;) <3
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In these times you can't go wrong with gold and silver
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The world economy is not going to get better any time soon. We're all pretty much in agreement there, right?
Depending on how bad things get, access to your crypto might not be possible. You may have it in a hardware wallet but have no way to buy anything.
Have many ways to purchase goods and barter for them. I'm hoping we'll avoid the worst case scenario, but even the best case scenario is major economic turmoil.
Prepare for the day when your fiat currencies buy nothing. Really think that through and understand how much of a drastic change that would be in most people's daily lives. Will they eat? Will they have shelter?
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There must be a certain temperament of those who buck the main stream systems, either stacking metals and now crypto tokens...whatever it takes to survive, make money, protection, aloha...
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I sill believe Catherine Austin Fits comment on owning gold...."always have enough to bribe the border guards" So PM's & crypto, its all about balance.
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Gold is OK. Though best way to Occupy is to quietly buy bitcoins.
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