It's official, normies are entering the gold market
(media.scored.co)
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As predicted, average investors start jumping in the gold trade long after the upswing and the current weakness in the bond market.
This confirms Peter Schiff's long held thesis.
can you remind me what peter schiff said just to be on the same page? - he says a lot of stuff.
so -- either the gold bull run is gonna take a pause, or there's going to be a rugpull after more normies get in? looks highly likely this happens if they keep buying into paper gold like the OP in the pic
doesnt matter to me. still stacking silver and have some liquidity to buy up or short against the crowd depending on what happens over the next several months
He predicted we were headed to a time when bonds would get killed even during recession and gold comes out the winner.
Trump apparently wanted rates on US treasuries to go down by causing a market decline before refinancing the national debt. Instead bonds sold off as stocks went down. That's the opposite of what he wanted or what most people predicted would happen.
Silver is a better deal than gold right now, but likely both will stay strong this year IMHO. But who knows for sure. Gold silver ration is in silver's favor at least.
ah ok. yeah, then that prediction i agree with. it has been mentioned by others as well for years.
and that's right. that bonds and the stock market did not move inversely with each other is a giant red flag this could be the big one (or very close to it - i'm sure the fed will come up with ways to prolong it)
if the fed or institutions still have some kind of grip over the markets; they haven't "lost control" of the situation. i expect a suite of "emergency measures" to buy up either the bond market or the stock market to maintain stability
yeah, i'm always trying to avoid the crowd. i already have some gold & silver from years ago. but stacking silver is the play while all eyes are on gold. you're right about the G/S ratio -- also why i'm going to continue aggressively buying physical silver. that gap is going to narrow nicely at some point
I don't necessarily think it will be "the big one" either, that is to say a hyperinflationary collapse or something that severe. I don't know for sure either way.
What I am betting on, is with retail investors loving gold again that the gold mining stocks have their day in their sun. So does silver, and likely some of the other metals. I believe the bubble momentum will wind up there before depression really sets into the market overall with gold remaining fairly elevated even once it pulls back.