Cash it in and buy silver.
Yeah, I don't agree with most financial advice on here, but silver is super underpriced and the dollar is overpriced compared to it.
Get out of equity now.
When hyperinflation hits mainstream the rush into assets will be unparalleled.
My bro tried to ask my why the price of gold was going up.
I told him the price of gold isn't going up. Gold is actually pretty stable in terms of value. There is a little more mined everyday, but it isn't like anyone is currently discovering any massive gold deposits. The supply increases at a very low, steady rate.
Gold is worth pretty much the same today as it was 10 years ago. The reason it appears to be going up in value is an illusion.
Gold isn't going up in price. Your dollars are just rapidly becoming more and more worthless.
I've seen a big amount of interest in silver now. Isn't China buying it up now?
Silver is the most undervalued asset available. There's 4x more above ground gold than there is of silver. Silver stockpiles go down yoy and half of supply is used never to be seen again. Right now it's 85:1, 85 oz of silver buys you one ounce of gold. Natural mining ratios are around 10:1.
Silver is the lynch pin to the market and there are huge interests in keeping it low.
Silver is a giffen good. As price rises, demand rises, the inverse of supply demand economics. Once silver starts heading to its true value relative to gold, there will not be an ounce to be found for any price.
I wish you the best! Remember, if you don't hold it you don't own it.
That's true. It needs to be sitting in the safe in the basement.
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