Why I’m buying SILVER.

in #bitcoin7 years ago

C8C33CFF-9889-42F4-A322-95E3FDAC503D.jpeg

In this world where stocks are hitting record highs and portfolios are perfectly allocated. Media pundits praise the Oracle of Omaha and worship at the alter of the FED. While Jim Cramer screams “BUY BUY BUY!”. The elite have everything running smoothly and there’s no need to worry.... and that bitcoin thing? That’s just “tulips” of course!

I hardly ever hear any mention of a possible bubble in the stock market on CNBC or BLOOMBERG.

And it’s almost laughable to hear mention of gold and silver.

Precious metals seem to be a faint memory from a bygone era. Lost in an ocean of derivatives and futures contracts. Stranded and a drift at sea waiting for someone or SOMETHING to rescue them.

Cast away by libertarians and sound money types for a peer to peer electronic cash system. Precious metals have lost favor even in the most ardent of goldbugs. Uncompromising traditionalist, like Peter Schiff and Jim Rickards are increasingly pressured to comment on the lack of interest and are often criticized as “old” in message boards and comment sections.

But, maybe the tide IS STARTING to shift and THE OLD HAS BECOME THE NEW AGAIN! Like vinyl records, vintage clothing, 80s videogames and the rise of Donald Trump. Silver and Gold are poised to make comeback in 2018 due to the increasing interest in sound money brought about by BITCOIN AND CRYPTOCURRENCIES and the CONTINUED DECLINE OF THE DOLLAR.

PRECIOUS METALS seem to be one of the ONLY assets currently undervalued. ESPECIALLY SILVER.

Silver is not only a great hedge against inflation but it is the WORKHORSE of the precious metals and has many industrial use cases.

8C03D6E1-C822-42A3-BA5A-0295539E20DA.jpeg

The chart below plots the bear market in silver.

The next chart shows the rebounds in Silver from the endpoints in the previous chart.

It’s is my strong belief that the bear market in precious metals is very close to being over.

The TRIFECTA of heightened interest in sound money from bitcoin coverage, a continued weakening dollar, and the ever increasing need of silver in electronics in the digital age will boost this precious metal to new all time highs in 2018.

Sort:  

Congratulations @joshuanaaa! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @joshuanaaa! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!