Celsius seems to be rug pulling
Interest rates are rising
Everything is getting more expensive while assets and property are going down
Even the crypto market is not immune
But it seems metals, especially gold, have been holding up pretty good
At the time of writing the price of silver is $21.13 while the price of gold is $1,828.97 giving us a ratio of just under 1:87
To show you what this looks like I have 1 oz of gold with 87 oz’s of silver. This ratio seems to get wider and wider as the weeks go on.
Just search #goldtosilverratio to look at all of my ratio posts to see how the ratio has been this year.
I hear a lot of people talking about selling their property to buy gold. While this might be a good idea if you were a fortune teller, the price of gold may also plummet due to interest rates. Higher interest rates makes the dollar stronger which should lower the prices of everything. But food and gas etc has been getting higher and higher.
Not too many people are immune to these climates. I am cutting down spending as much as I can, hoping to catch the bottom of the markets which is where you should try to be if you want to make life changing wealth. These cycles happen all the time and to get in at the bottom of the cycle can really dictate your life path leading up to 10-15 years from now