GOLD and other metals now is a safe heaven
Hi
I am glad I put some of my money from crypto to silver few months ago for days like these.
Now situation is not how to make money but how to safe current wealth. In the chart we can see that DXY is rising and Gold is rising, when usualy
DXY up, gold is down, but this time is different because of inflation, not because of healthy economic factors. GOLD is not falling because of inflation
and DXY is rising because of trust of dollar, trust dollar only because interest rate up, that means more valuable dollar, because interest rate compensates inflation
It says alot about dollar.
FED does not have any choices than rise rates, which means stronger dollar and bancrupting companies.
Please remember that Buffet holding a lot of cash, guess for what? Yes inflation is destroing him billions in cash, but
we and businesses pay for the inflation in advance and this is how he will recover and will make more by investing in stocks maybe crypto and other assets.
Many people whould love to be in Buffet situation at the moment when having much of they wealth in dollars (I mean not having billions, but having most of your wealth in dollars),
because FED is your friend today.
Dollar will colapse for sure, but it does not say anything, everything would say if we know when it will happen. I guess the key moment will be US election in 2022 autumn ...
Thanks
I am glad I put some of my money from crypto to silver few months ago for days like these.
Now situation is not how to make money but how to safe current wealth. In the chart we can see that DXY is rising and Gold is rising, when usualy
DXY up, gold is down, but this time is different because of inflation, not because of healthy economic factors. GOLD is not falling because of inflation
and DXY is rising because of trust of dollar, trust dollar only because interest rate up, that means more valuable dollar, because interest rate compensates inflation
It says alot about dollar.
FED does not have any choices than rise rates, which means stronger dollar and bancrupting companies.
Please remember that Buffet holding a lot of cash, guess for what? Yes inflation is destroing him billions in cash, but
we and businesses pay for the inflation in advance and this is how he will recover and will make more by investing in stocks maybe crypto and other assets.
Many people whould love to be in Buffet situation at the moment when having much of they wealth in dollars (I mean not having billions, but having most of your wealth in dollars),
because FED is your friend today.
Dollar will colapse for sure, but it does not say anything, everything would say if we know when it will happen. I guess the key moment will be US election in 2022 autumn ...
Thanks
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