Gold and silver are back.
Dollar bag-holders in the process of getting BTFO
more like sell your yuan and buy gold, still downward pressure on it from generally falling commodity prices (aka global deflation). buying calls is probably a smarter way to trade it if you can time the upward rips semi-well.
>>1062574
I have 10 one ounce Silver Eagles, 10 Canadian Maple Leafs, Kennedy half-dollars and some fractional gold because I can't afford full ounces right now. Figured it's a good time since they're tanking.
I just want to have some shit that would be worth something if the dollar shits itself. Is this a good way?
>>1062701
I honestly have no idea what any of that shit is but if you paid spot for it all and can easily liquidate at spot then yes.
>>1062701
Over here Indian immigrants do it. Buy with rings and stuff. Buy their WAGs jewellery. Easily transportable, pleases the other half, can be sold in a pinch (and commodities often go up when currencies sink) and its discrete. You can just keep it in a safe.
>>1062701
if the deflation continues and they dont do dick about it, a massive great depression like depression can occur where cash would actually increase in value. not the likely case, they will probably try and spurr inflation with qe4 in which case gold and silver are a good thing. personally i have some myslef
>>1062808
i'm always with anon, think you can expect some modest correlation between precious's and usd as both are becoming safehavens for shit foreign currency holders. not a lot of risk to usd selling off unless other currencies start rallying, in which case gold will probably sell off also.
honestly oil might be the best hedge for what you're trying to accomplish, more volatile than gold though.
