Hey Guys,
just a quick post about the state of the Stock market and a potential (or should i say inevitable) collapse of the markets and the US dollar.
over the last 40 years the dollar has gradually lost most of its value and purchasing power and is becoming weaker as a global leading currency. Many are predicting it will die within the next few years or maybe sooner and be replaced by a gold backed currency or SDR's which can be exchanged for freely usable currencies. The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the Chinese renminbi (RMB), the Japanese yen, and the British pound sterling.
Also the major banks and other financial institutions have been manipulating the price of gold and silver and keeping it low, whilst the government keeps printing more and more paper money, trillions every month so everything is inflated , and we are in a bubble right now, stocks are at record highs and metals are undervalued. In 2011 silver reached around $50 dollars now its only valued at $16 an Oz. I believe when manipulation stops it true value will be revealed.
Also Over the last 7 years since the creation of Bitcoin the internet has seen a big rise of cryptocurrencies and the market is getting bigger and bigger , Bitcoins value grew from just a few pennies back in 2010 to over $2600 today. There are over 700 altcoins , alternative cryptocurrencies but many are just scam coins but some good use cases and new technologies. It will be interesting to see in the years to come how many of these will still be relevant in the space and useful in peoples daily lives.
Where will you put your money/ wealth if the stocks and currency markets collapse? will it be Gold /Silver or Crypto?
Or not?
Need to buy some bitcoin?
timcrypto