@auleo
more from that month
[Precious metal investment] gold silver ratio A friend of mine is a great fan of Mike Maloney, and whenever Mike has any new youtube video, he will definitely watch and share with us. When I first get in touch with his theory few years back of USD/FED conspiracy , currency overprinting & physical metal investment for value. I was quite buy into his idea. But as my investment learning journey goes along, I started to have more queries/doubts to his long promoted theories. Recently my friend again share the latest video of Mike's. So I took a watch again. In his video, he mentioned about GoldRecently/Silver Ratio, which I think if we religiously practice what he said, then we would end up losing in investment only. Source: www.youtube.com/watch?v=G5fYZTo0jJE *https://www.youtube.com/watch?v=G5fYZTo0jJE*
As he said, when Gold/silver ratio hit 70, meaning 1 oz of gold able to get 70 oz of Silver, it's time to switch Gold to Silver. And when the ratio below 40, you do the opposite way, switched from silver and get gold. But referring to the historical gold & silver price starts same year 1995 he mentioned. Switch between silver and gold can only make you holding more and more physical precious metals, and you don't really make any money , but maybe a house full of precious metal. Source: https://www.macrotrends.net/2517/gold-prices-vs-silver-prices-historical-chart
Then you will be worrying where should you keep the precious metal , in the safe ? end up you lose in safe deposit maintenance fee. Or you dig and build an underground warehouse ? It's totally not practical in the case of Asia cities or even in America, you gotta stay super far away from city to have such large land to build your own underground warehouse and full-armed (who knows someone would come and rob?) The storage of value , in my own view, I think it should be going digital , cryptocurrency way or block chain way , rather than going back precious metal backed currency. I'd better have Bitcoin or ETH, they store more value than gold silver right? What say you?
4 comments
I am not very fond of gold or silver trading. I can't give the different but I do love crptocurrency more I think. It is more promising I think. You need to add BCH on your list too. It worth more than ETH.
oh ya, BCH also looks promising. will consider switch some to it. hehe thanks
Liked reading your article and good job on it. As for the part of it not practical to hold physical precious metals in certain cities, I can agree on some points. When it comes to America, that's not exactly the case. You would be surprised how many people own personal safes or guns for that matter. If a person is going to hold physical metals and a lot of them then they need protection and a alarm system isn't always as affective. A lot of Americans also have larger properties for a good portion of the land, so they have the space. I do love the concept of crypto and alt coins, which is why I made sure to add a bit to my portfolio.
Thanks for the comment. America's case indeed more special compared to other countries. :)