Gold and silver certificates that aren't backed by gold or silver flooding the market.
This. Completely controlled market.
Subprime mortgage crisis, it undermined the system's "integrity" and commodities skyrocketed. Thankfully they were all bailed out so now the bubble has to be even bigger for the next pop.
Do you think its safe to invest in gold/silver for the short term. I'm worried about a market crash and want to exit some of my positions. I don't want to stay liquid because of the mass inflation about to hit the country but the price of metals is a bit high. Not sure whats the best move.
Diversify. Gold, silver, lead (you know what I mean), crypto, ability to grow food, water and fuel storage.
Optionality is key from this point forward.
Yeah that's pretty much where I am at right now most of that I've already got checked off. I just need to figure out a few more options to retain the value of my money.
Oh man, that's a bit of a tricky question. I am by no means anywhere near qualified to give advice, but I'll give you my opinion. As an investment, precious metals are not the best in terms of growth. The way I look at it, is that it is a hedge against inflation and will help you keep what you have when the market crashes. The price of gold and silver are not exactly low, but they also appear to be under valued compared to the dollar due to spot price manipulation by the big banks. There is so much happening right now in regards to the spot prices, trying to learn about what is happening is like drinking from a fire hose.
I would personally suggest you get as much as you can comfortably afford right now, both gold and silver. Even if the spot prices crash, the loss wouldn't be too terrible compared to an investment account or 401k. I personally have made a big bet on silver (physical silver) and I have come to peace with the possibility I'll lose some.
I am by no means anywhere near qualified to give advice,
Ha! You must be new here.
Thanks for the response what you said is pretty much how I feel about the situation
The only thing you can say about gold is that it is never going to lose its basic true market value. It's price may be too high at times, but will never fall below real market value. You are never going to lose everything you invested if you buy gold. Never. But on the other side of the ledger, gold is a pain in the ass to buy, to hold, and to sell.
Hysteria. The price of gold was inflated well beyond its real value by panic buying. Over time, its price fall to match market value.
Another way of looking at it is the USD reached its minimum value and has creeped back up. Gold, arguably, is the thing whose value didn't change that much.
Same thing as now, people think its worth someothing so they buy it. Once the world doesn't end people sell it and the price comes down.
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