the funny thing is, the bull case for metals is actually the bull case for everything….
Interest rates going up curves inflation. It takes months for changes to take place. So house prices for example don’t come crashing down like most people think they will
Housing is its own beast, location is the main factor to consider when speculating on real estate
However it is no surprise that for the longest time a lot of markets are waaaaay too up, those numbers need to come down.
Also, baby boomers are exiting to workforce and soon exiting the economy as they pass away.
Inheritances are about to spike up.
A lot of people are going to be receiving a lot of money they have not seen before
This is the great transfer of wealth every one is talking about and everyone wants a piece of the pie,
There are only a limited amount of places this money to go.
A lot of it will sadly go to paying of debts which vacuums a lot of the value out of this wealth, but still, a lot will remain.
There are a growing number of people who believe the stock market needs a serious correction, this me deter a lot of people from getting into stocks.
Crypto is still the “new” thing that a lot of people still are not too familiar with.
The vast majority of that new money will flow into bitcoin and ethereum anyways but over all people on #hive and #leo are doing their best to capture as much as they can
But what about gold and silver?
Well metals have a loooooong track record.
And by looking at either gold or silvers price chart sure you might see them and local and all time highs but that does not mean we do not have a long way to go. People flowing into the metals market and buying as much physical metals as possible could be the catalyst that sends prices up soaring
Lots of companies need to buy gold and silver they have no choice, so the more we squeeze the supply the more we can squeeze the price up.
This might cause a serious premium market while paper prices stay low… its a Wild West in the metals market thats for sure.
But I keep reminding myself, gold and silver are not crypto. I seriously doubt I will wake up one day and see silver is up 80% or gold is up 67% on the day… has that ever ever happened? One big giant green candle on the daily?
Maybe one day, I wouldn’t be mad :)