Morning everyone....

While I am by no means bashing crypto at all. I’ve been on this platform for over three years now and also have many other crypto holdings as well.

But.....

Reality is when shit goes upside down, no one knows exactly what will happen with the crypto market. If the stock market has a huge correction as it will at some point. Will the masses of high profile investors run to crypto? I honestly don’t think so.

Crypto is way to volatile for them to move that kind of money into it. Don’t take it the wrong way, some will put money into certain crypto tokens, but the majority will put their money into gold.

Why????

Because it will always have the same buying power as it did from thousands of years ago. It holds its value always.

Let’s take a look....

We will use this month of May. Crypto has had a few bumps during the month already and a fairly severe smack down this week. The stock market is all over the place and basically moving sideways. May 1,2021 the Dow Jones closed at 34,113.23. Yesterday’s close for the Dow was 34,207.84. That’s only a .02% gain so far for the entire month.

Now.....

Gold on the other hand is tearing it up. Let me start by saying that gold has had thirteen straight trading days in a row in the green. Gold is up $111 this month alone. Gold has gone from $1769 to closing yesterday at $1880. That’s a 6.3% gain this month alone.

Here is last weeks gold chart from the Bullion Vault.

Look at yesterday’s numbers alone. The precious metals market got crushed. Everything except gold.....

Silver down $.19 per ounce. Platinum down $27 per ounce. Palladium down $76 per ounce. Yet gold was up $4.10 per ounce.

Here is the Kitco chart for yesterday.

Gold is KING my friends....

When people get scared of the market, crypto or any other investment. They run to gold.

That also proves my opinion that something is brewing and brewing hard now.