Briefs points to think about:
First--I need to disclose that I used to be HEAVY into silver. I got out.
- Do you think many of the metal hoarders, etc, are switching to crypto? Will it have an effect on the metal market? (personally I doubt it since silver has been shown to be manipulated; and the metals market significantly shadows the crypto market; ...please let's not discuss paper vs physical)
*Will Peter Schiff ever change his tune? I doubt it, he's deep in already with his opinion, however; I really don't think he did his homework and/or......backing crypto isn't good for his business. He's stuck in his ways. (note..I made some money listening to Peter in 2016,...and I might buy silver again in a few months, but I'm not expecting significant gains, just slightly diversifying) - If a collapse occurs, or....when it occurs; which will outperform? In 2008, silver and gold first plummeted, and then rocketed after several months. I have no idea what will happen. I am balancing my budget: holding cash, keeping out of debt/reducing debt, holding crypto, and I will (buy back soon) hold silver.
- US dollar has been declining. Silver..Gold???...Hmm,...you'd think they would be rising. Sadly it's not that simple.
- Average people like you and me are tired of rules behind buying/selling metals (paper market). How many times will they dump and dump and dump at 2-3am (US time) when can't do a thing about it. Sickening. Another reason why I love the 24/7 crypto market. THIS FACT IS NEVER /HARDLY TALKED ABOUT.
- Last but not least: What do you think will double in the next year??!! (precious metals vs. crypto) Yes, I agree. Mind you. Be careful. The buzz about crypto has barely begun, but that doesn't mean you should dump all of you money into it. And...concerning my 3rd statement: who know what people will flock towards. Seriously--it could be the OLD Standard. Like chicken noodle soup.....gold and silver are comforting. Just a thought.
Good luck. Be careful. Don't get greedy, yet...don't sell TOO early like I do. It's a habit.....PANIC BUTTON!!!!