Gold and Silver latest news
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- čas přidán 21. 05. 2024
- This video is my opinion on why the gold and silver market is doing what it's doing.
These are just my opinions. I am not a financial advisor and this is not financial advice. Please do your own research.
Thank you for tuning in.
If you would like to contact me
Vegasstacker@yahoo.com
For the algorithm. Just have a plan for a budget and keep on stacking
gold is what US$2320, are you buying more? do you think this consolidation is the last time to buy gold cheaply before it really takes off over US$3,000+ or do you think there is still a small chance we could see prices below US$2,000 if the dow crashes and all assets get sold off? what are you doing? buying more? waiting for a bigger pullback? im currently 40% gold in my portfolio so i think im probably over weight, but if prices fell below US$2,000 id probably buy more
@petejames1326 I'm not a financial advisor all I can do is offer my opinion. But please do your own research and make your own decisions.
I wish I knew what the market is going to do. I am a huge believer in dollar cost average. I buy when it's in my budget no matter the price. I'm not one for waiting for pullbacks because I never know if it will ever pullback.
I currently do not own any gold just silver. But I will be buying some gold soon when my budget allows it.
@@VegasStacker702 averageing is probably the best thing to do, i remember buying when it was US$1670 and a week later it got sold off to US$1500 and i felt like a fool for buying, in hindsight, i should have gone all in at US$1670, same could happen now, US$2300 looks toppy and it well may fall to US$2100, but in 5 yrs US$2300 could look cheap when its US$4,000, its not like the US is ever gonna pay off it debts, it will either have to do a major re set and write it off, or we get hyperinflation, either way gold wins
Dollar cost average means not to go all in at once. Imagine if you bought a little at the 1600 you talked about and then a little at 1500. It averages out in the end.
That's just how I look at it.
You also have to keep in mind the US is not the only thing that influences the price.
I would not go to gold yet, play the ratio game.
Research then discuss the pros and cons of silver vs. gold? (An idea)
You can't go wrong either way. Gold is a more compact store of wealth, but silver has more room to grow on a percentage basis. Also, keep in mind that when gold goes up, silver goes along for the ride.
Thank you for the advice . That makes sense