Lol, yep that would be my luck. I admire your guts for moving into an Alt Coin. I've had some mixed results in the past. Wishing you the best with the trade
Definitely a bear market for alts, there are two reasons why I bought them (1) the funds are in my allotted crypto holdings so I just move them around within that asset class, and (2) I can get 12% - 16% interest (simple) on CRO holdings.
Another view on the dollar by Brent Johnson. I'm not endorsing nor agreeing with this view, but just another perspective.
I tend to agree,but I'd like to put first stack learning about things and stack advice as the most important...
Good viewing that, I agree with it too. There was a recent video on Realvision regarding runaway inflation ie rather than hyperinflation, it's inflation that happens beyond what CBs have set out to achieve and beyond their control.
I’m starting to come to a conclusion that it’s immpossible to know how the dollar will behave. Might as well exchange all of it for liquid bullion gold. If the price of gold ends $1550 + 2% = $1580 on 31 Dec 2020, this would be no different from holding dollars. The likelihood is it will be higher, maybe $1650 or $1750 or more.
On another topic CRO had a nice jump in price, I sold at about USD0.042, now waiting for it to bounce off somewhere lower (sub AUD0.55 I hope) and I'll buy back in.
It's why I hold both. And I'll be looking at buying US stocks too. Currently my exposure to the share market are Australian stocks.
this guy seems to be taking the valuable data points, predictions and discussions of the shills and making them palatable. Channels like this will take stacking into the mainstream. His end of 2020 recession prediction is alarming (and believable). Housing crash to follow 2021/2022.. I really hope my stack doesn’t go towards bailing family members out of poverty
I exited most of my US bank stocks bought in 2012 over the last 2 years waiting for a big pullback, but they went up even further recently. This is why I am mostly cash and didn't put more into pm earlier. Unlike gold and even silver, which always come back to the previous price (if you can wait), stocks can easily lose 50-90% of its value, even for very good companies. But now is a good time to study what to buy when the market corrects. Buying cheap may not work all the time, what is cheap can become cheaper, e.g. uranium stocks after Fukushimaya, but at the minimum, with some diversification, I won't lose my capital. The harder the Fed pumps up the market, the greater the collapse and the more attractive gold becomes. Market valuation of largest mkt cap US stocks with Apple right at the top at $1.36T, followed by by Microsoft at $1.24T - https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/
Yup, it's crazy, this is why gold is still considered a contrarian trade despite the rising price. To give a perspective, paper silver (SLV) has a market cap of $6.54B, paper gold (GLD) $43B, paper pt (PPLT) $0.7B. http://finance.yahoo.com/quote/SLV/ http://finance.yahoo.com/quote/GLD/ http://finance.yahoo.com/quote/PPLT/
If you are waiting for the market to correct-it can be tomorrow,but it can takes years-in the meantime you are losing your capital,as your purchasing power of dollar/cash/going down. For me to keep more than 20 percent of cash and waiting is not a good investment strategy-money makes money/but sometimes you can lose too...
no case for major countries to he hoarding USD, the weaponized USD and sanctions imposed have made them seek the safety of GOLD bullion 999.9
Why not?-I'm just curious. If a country has a lot of US debts - a lot of gold as well ,but is not able to pay interest on the loan in cash-why US would't accept gold as collateral? Edit: This is hypothetical question-I don't know any country with a lot of gold and with big US debts.
their asset burned and there is no need to pay, Trump wants Iraq to pay for destroyed bases. don't think he can claim payment anymore. Iraq is going to buy S300 and they will get interest free bonus called American sanction and Chinese loan, it is going to be written off later on.