Afternoon everyone …..
It’s a new year, with a new President back in office. There is quite a lot of speculation as to what is actually going on. I’m pretty much always on high alert when it comes to ensuring my household and financials are in place for whatever is thrown my way.
I’m not a crazy prepper thinking the zombie apocalypse is coming. But I definitely think there could be a few curveballs thrown our way before this year ends, that might disrupt one or more industries.
This is supposed to be the year of the bull run in crypto. The run never showed its face.
I don’t believe any run going forward will be like previous runs. Personally I think it will be much more calculated. Instead of throwing a dart at any coin on the market, I believe that only about 30% of tokens will see a true bull run and the rest will fade into the depths of the crypto graveyard. I’m sure there will be a couple anomalies with a 200X or more gain during the run. But you’ll have to be extremely lucky to have those. Like a winning lottery ticket. I’m just not sure when or if we ever see a true bull run again.
So let’s look at the performances of things from last year…..
I’m not going to take any crypto into consideration in these markets. No bull run who cares….
So we typically as a global entity use the S&P 500 as the tell all to the market. Well the S&P 500 did very well this year having an investment return of 23.3%. That’s three years straight with over a 20% return on investment. Again I’m in no way trying to be political on this but the last time this happened was 1997. So if everyone think Biden totally sucked for our country, having over a 20% increase on the S&P 500 for three years straight is quite contrary. Enough said
The 23.3% increase in the S&P 500 usual blows away the entire precious metals market.
But…..
The year end close for 2023 on gold was $2,062.90 and the close of silver was $23.79. Here is the screenshot to prove it.
Now let’s fast forward to this years closing numbers. Gold closed the year at $2,624.60, and silver closed the year at $28.86. Screenshot for proof.
If we do the math, gold had an increase of 27.23% over the last year. Which is a huge increase, and also a pretty big increase over the S&P 500 by nearly 4%. Silver had an increase of 21.31%, which is also huge for silver. Which had a fairly sizable dip on the last day of trading for the year. Yes that is just under 2% of the S&P 500’s increase, but a pretty hefty return on your investment. Especially considering metals usually have a single digit increase yearly, last years silver increase was barely over 9%.
What also makes this such a winner is if you are holding the physical metal which most of us reading this do. There are no taxes to be paid on this increase. Whereas with all stock market gains there are taxes involved.
I can go even further on this topic, but I think that’s enough for today.
