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Or... crypto and the commodities have it backward. The gold market is right. Prepare for the opposite of what the media are hyperventilating about now - a ridic
by aazaa 5y ago
Or... crypto and the commodities have it backward. The gold market is right. Prepare for the opposite of what the media are hyperventilating about now - a ridiculously strong dollar and deflation.
- deelowe 5y agoMy advisor is saying the fed is try to staving off deflation still.
- nine_zeros 5y agoCrypto has provided an alternative to gold. The same printed dollars that would normally go to gold is flowing into crypto. The new generation of gold miners are not mining gold. That's why gold hasn't risen dramatically. Crypto is absorbing the inflation.
- tinyhouse 5y agoPeople who fear inflation not gonna put their dollars into crypto. Too speculative. They would buy land or silver etc.
- imaginenore 5y agoI fear inflation and I put 99% of my savings in crypto years ago. It's been going insanely well, to put it mildly.
- deleted 5y ago[deleted]
- jonnycoder 5y agoI think that is possible. If you have a good income, then a hedge would be gold and silver. If the dollar gets strong then so does your purchasing power. If not, then gold/silver hedge against that. Of course it also helps to have bought a house when prices were low going back to 2012ish. For some of us, who cares if housing drops 50%
- imaginenore 5y agoHow the hell would you have deflation, when the government is printing dollars at ridiculous rates? When prices of everything are going up. https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL