12/1/2020
Here's an exercise.
I'd like to see the gold price every 10 years.
Like - 1970 $20. 1980 $35. 1990 $400
Because I think it'd surprise you - and give you your answer over a longer timeline. I'm gold heavy now. And yeah you can get swept up in gold fever just like people who only wanted BTC at the top.
But understand what the assets are and why you hold them. And accumulate in depressed cycles and sell into manias but keep it sound.
And also put plenty of the rest of your money into other shit that's going to have good returns and yields and all that.
I'm in gold stocks now to try to grow money quickly and ride huge uptrend while also compounding growing revenues and dividends - the Jim Rogers asymmetric trades that are more macro cyclical. I'll hold physical for life in different forms for different reasons, and so on.
Look at this one - 30 year commodities trend. They've still never been cheaper.
This year's dip was lowest point. Now trend is actually reversing
Platinum 13 year low. Oil 30 year low.
Gold/S&P ratio all time low. Gold/silver ratios near widest ever. It's all there. "You're in the shade right now because 30 years ago someone planted a tree.". Everybody wants in when it's good but nobody wants to actually plan 10+ years out and work backwards.
Whatever works. When money has interest rates again you don't want to be in gold. To your point about the Fed... They're terrified of interest rates and defaults. So own gold. That's why I'm so damn stubborn. It's Hotel California.
