1 year ago6 points(+0/-0/+6Score on mirror)1 child
Somehow, I think theylll reap what they sow if thats the case. If Russia and China were publicly traded corporations, I would be buying stocks in them right now.
but notice I said 5 years because, as I said, I figured they would crash the Trump economy and it would recover so I chose to invest across 2019 and 2020
1 year ago2 points(+0/-0/+2Score on mirror)1 child
The gold chart is printing a massive cup and handle pattern that began in 2010. It's only in the last year or so going up above that level. That is sloooow. Meanwhile, the real inflation rate is like 14-20% per year. At that rate, gold is not even outrunning the real rate of inflation. It's doing good now, but it's still not outrunning fiat.
one bet against the US is gold you buy with dollars, it's +85% over the last 5 years.
I bought mine in the final year of Trump when I figured they would crash the economy. Never thought they would keep going !
5 years +85%
3 years +53%
1 year +38%
6 months +18%
you can call that flat if you like
but notice I said 5 years because, as I said, I figured they would crash the Trump economy and it would recover so I chose to invest across 2019 and 2020