"cannibalise ETFs"? Is this the broad shift of "money" out of ETFs and into stable coins?
A big swig of copper, a shot of gold, a jigger of silver and a pony of molybdenum.... 🥃 FCX (If one is into equities... I've done no research on them, the AI spit that out.)
I became a “gold bug” a long time ago, though not as long as some. I could see the writing on the wall long ago. I have not added to my gold holdings other than a smaller purchase back around $1800/oz.
If one looks at inflation adjusted stock market returns we really have gone nowhere in quite some time unless you were participating in the “high flyers”.
Meanwhile gold has maintained its purchasing power against inflation without all the market volatility and risk associated with individual stock picks provided you held a long term outlook.
The crisis Vince referenced is coming, and there will be no escape. For those of us who hold gold outside the system, it will be a non-event compared to those who hold it in the system or hold none at all.
Thanks Vince! Got a little nervous with the HSBC view and gold doing nothing. I thought to myself has gold peaked, should i book profits let a correction happen and re enter.
Amended: --->
Thanks, Vince. This was great!!
"cannibalise ETFs"? Is this the broad shift of "money" out of ETFs and into stable coins?
A big swig of copper, a shot of gold, a jigger of silver and a pony of molybdenum.... 🥃 FCX (If one is into equities... I've done no research on them, the AI spit that out.)
The push to disincentivise the masses from owning physical gold continues in the West.
You want gold?? buy contracts
You want gold?? buy options
You want gold?? buy ETFs
You want gold?? buy Stable coins
sell them anything so long as it isn't the physical stuff.
I became a “gold bug” a long time ago, though not as long as some. I could see the writing on the wall long ago. I have not added to my gold holdings other than a smaller purchase back around $1800/oz.
If one looks at inflation adjusted stock market returns we really have gone nowhere in quite some time unless you were participating in the “high flyers”.
Meanwhile gold has maintained its purchasing power against inflation without all the market volatility and risk associated with individual stock picks provided you held a long term outlook.
The crisis Vince referenced is coming, and there will be no escape. For those of us who hold gold outside the system, it will be a non-event compared to those who hold it in the system or hold none at all.
Thanks Vince! Got a little nervous with the HSBC view and gold doing nothing. I thought to myself has gold peaked, should i book profits let a correction happen and re enter.
Lithium? Wow, I wouldn't know how to research that, will try and await your findings also!